Square gets a bank – and so, now what? It may be the case that the proverbial floodgates have opened for FinTechs to leverage what we might think of as the “industrial bank” operating model, in order to meld digital-first operations with traditional banking services. Get...
The pandemic has quickly pushed the payments world toward the direction of “hands-off.” The rise of contactless payments and digital banking will attest to that. But that doesn’t mean banks can leave consumers to figure out their financial lives on their own. In fact, the...
The biggest German lenders, Deutsche Bank and Commerzbank, are shying away from larger deposits, according to The Wall Street Journal (WSJ) on Monday (March 1), as they try to avoid negative interest rates. Get the Full Story Complete the form to unlock this article and...
Square is now operating its state-chartered industrial bank, Square Financial Services, in Utah after the state’s Department of Financial Institutions gave it the green light, according to a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and...
Treasurers met the immediate disruption of the global pandemic last year with a sudden demand for digital solutions from their banks. The name of the game was resiliency, and digital, cloud-based solutions became lifelines for finance leaders working to promote business continuity amid remote workforces,...
First Boulevard, a neobank focused on the Black community, announced on Friday (Feb. 26) that it has raised $5 million in seed funding. The bank aims to use this funding to expand its team and its customer base, and to add a range of features...
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After suffering a major IT systems outage, TD Bank’s system is now back online, BleepingComputer reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
In today’s top news in digital-first banking, Step has notched $50 million in a Series B funding round, while Early Warning Services and The Clearing House (TCH) announced that Zelle transactions can now be cleared as well as settled through the RTP network. Plus, Affirm...
