Transitioning to a digital-first banking system has numerous benefits, from targeted product recommendations to decreased transaction times. But making sure customer-facing and back-end operations are working in parallel is just one of the obstacles banks face when undergoing digital transformations. In this month’s Digital-First Banking...
The Deputy Governor of the Bank of England (BoE), Jon Cunliffe, said on Friday (Feb. 28) that digital currencies could potentially dry up lending for banks and affect the economy as a whole, according to a report by Reuters. Get the Full Story Complete the...
Capital One is going to increase its focus on digitization and close 37 branches around the U.S., according to a report by Yahoo Finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
New subscription-only bank Aion is launching in Belgium, and it wants customers to be able to get the most out of their money, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The banking industry is undergoing a sea change in the new decade, with online and mobile banking growing ever more popular among customers, and challenger banks and FinTechs disrupt the market with new technologies. Many banks are embracing digital-first technologies to stay competitive, leveraging tools...
Banking Circle is now licensed to do banking in Luxembourg after the Commission de Surveillance du Secteur Financier (CSSF) granted the license. The company has been making a name for itself in financial work over the last several years. Now, it can give access to real-time payments for...
After a reporting error that caused the exit of its chief executive and chairman in 2019, Metro Bank has announced that it is scaling back its expansion efforts and moving away from lending for mortgages, according to a report by the Financial Times. Get the...
The London-based FinTech B-Social raised £7.8 million in seed funding as it prepares to rebrand as Kroo and become a full-fledged bank, reports said on Wednesday (Feb. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Billions of dollars in earnings. Billions of dollars in the bank. 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 newsletter, PYMNTS Today. By completing...
