Banking is moving beyond the confines of traditional financial institutions (FIs), especially as corporates want more flexibility about using payments to monetize new flows. Easier said than done, says Morten Sønderskov, chief operating officer of Danish neobank Lunar. In the Banking As A Service Playbook,...
In today’s top news in digital-first banking, Memo Bank is rolling out an interest-bearing account for companies, while lending marketplace October has notched roughly $303 million in funding. Also, Goldman Sachs is looking at reducing its workforce. Get the Full Story Complete the form to...
Middle-class consumers are feeling that they’re getting the short end of the stick when it comes to their relationships with traditional banks, Brian Hamilton, co-founder and CEO at One, told Karen Webster in a recent conversation. For example, his firm’s research found that some 57...
More than 40 percent of United States businesses received at least some of their invoices in 2019 via a form of communication that many younger generations may have trouble identifying, let alone using: fax. Get the Full Story Complete the form to unlock this article...
In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. Plus, Jumio is strenghtening its anti-money laundering (AML) functions. Get...
In today’s top news in digital-first banking, NYMBUS has appointed a banking tech veteran to its chief executive position, while J.P.Morgan Chase is strengthening its payment fraud protection for small to medium-sized businesses (SMBs). Plus, Ant Bank has launched banking services in Hong Kong. Get...
Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group, has launched banking services in Hong Kong, Fintech News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In today’s top news in digital-first banking, New York-based FinTech Petal has landed an additional $55 million, while BNY Mellon announced a collaboration with GTreasury for cash management. Plus, small and medium-sized businesses (SMBs) are reporting challenges with the forgiveness section of the Paycheck Protection...
Here’s an eye-opener: Up to 1 in 5 customers in Italy, Spain and the United States are now likely to increase their online banking tool usage after the pandemic abates. Let that sink in. Get the Full Story Complete the form to unlock this article...
