It is not just Big Pharma that is reaping a windfall from the positive news on the COVID-19 vaccine front, but big banks as well. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In today’s top news in digital-first banking, banks have tightened their loan standards per a survey from the Federal Reserve, while a watchdog organization warned banks about the risk of outsourcing key technology. Plus, Mizuho Financial Group is the latest bank to try to cash...
An international watchdog group is cautioning banks about the risks involved with outsourcing key technology. The Financial Stability Board (FSB) warned, in particular, “about the possibility of systemic risk arising from concentration in the provision of some outsourced” services to financial institutions (FIs). Get the...
In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Financial services firm Figure Technologies, Inc. has sought a national bank charter from the Office of the Controller of the Currency (OCC), which will let it meet “promises of efficiency, affordability and financial inclusion,” according to a Friday (Nov. 6) announcement. Get the Full Story...
Starling Bank is pushing ahead with plans to raise another $263 million as the U.K.-based digital bank looks to fuel additional expansion in its home market while eyeing an initial public offering (IPO) down the line. Get the Full Story Complete the form to unlock...
As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. Get the Full Story Complete the form...
Commerzbank, Germany’s second-largest bank, is bracing for widespread bankruptcies among small and mid-sized business customers as the pandemic continues to weigh heavily on the global economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
In today’s top news in digital-first banking, Alfa-Bank has become a part of Contour’s international trade finance network, while J.P. Morgan has named a leader of liquidity solutions and escrow. Plus, Visa is collaborating with UAE-based NOW Money to bring digital banking services to low-income...
