Brazil’s big banks, long known for high rates despite occasional public outcries, are racing to modernize amid challenges posed by low interest rates, the pandemic’s fallout and new digital rivals, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this...
Open banking is a reality in the United Kingdom, and coming soon to American shores in its digital-first dazzle, in no small part built on foundational work done in markets like the U.K. Get the Full Story Complete the form to unlock this article and...
In today’s top news in digital-first banking, Bank Negara Malaysia could issue up to five licenses for digital banks by the first quarter of 2022, while the Eastern Caribbean Central Bank (ECCB) has debuted its DCash digital currency on the heels of the launch of...
The Malaysian central bank, Bank Negara Malaysia, reportedly may issue up to five licenses for digital banks by the first quarter of 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In today’s top news in digital-first banking, Fondeadora said it had chosen AU10TIX to be its identity verification provider, while the U.S. Federal Reserve revealed message specifications for FedNow. Plus, the European Central Bank (ECB)’s president said a proper digital currency rollout could take years....
In today’s top news in digital-first banking, Peoples Bancorp and Premier Financial Bancorp will combine in an all-stock merger, while PSCU will provide credit processing support for Credit Union of Texas as part of an expanded partnership. And Alabama-based Citizens Bank & Trust has selected...
Alabama-based Citizens Bank & Trust will bolster its online banking experience and “drive commercial and retail growth” with technology from Fiserv, according to a Tuesday (March 30) announcement emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Open banking has become a welcome disruptor in the payments ecosystem. It has made it easier for financial institutions (FIs) and retailers to create innovative products that rely on secure instant payments. Open banking has also powered microbusinesses seeking to expand but lacking the ability...
In the digital-first economy, change, consumer-first and competition are the operative concepts. Case in point: mobile banking, digital wallets, open banking and data sharing (and even cryptos). As FinTechs and banks battle over dominance in this landscape, there’s a fine line between innovation and a...
