Banking

Banking
Goldman Plans To Launch Robo Adviser Next Year
December 09, 2019

Goldman Sachs is planning to launch digital wealth management services to customers with as little as $5,000 in 2020. 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...

Banking
Chime Raises $500M On $5.8B Valuation
December 05, 2019

Silicon Valley-based Chime has raised $500 million in a Series E funding round that sent its valuation soaring to $5.8 billion, CNBC reported on Thursday (Dec. 5), citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
OCC Targets Wells For Loose Pay Controls, Unresolved HR Complaints
December 04, 2019

The Office of the Comptroller of the Currency (OCC) has said the Wells Fargo Human Resources (HR) department has a rash of problems, including a backlog of employee complaints, a poor system for pulling back executive pay in the face of punishments and a lack...

Banking
Lumin Digital To Power Banking, Bill Pay For University Of Illinois Credit Union
December 04, 2019

Lumin Digital has signed a multi-year contract with the University of Illinois Community Credit Union (UICCU) that will have Lumin’s cloud-based platform serve as the credit union’s digital banking solution for retail banking and bill payment. Expected to go live in the spring of 2020,...

Banking
UK Digital Bank Monzo Taps Visa Exec As US CEO 
December 03, 2019

London’s digital unicorn Monzo has appointed TS Anil to head U.S. operations as chief executive officer (CEO), Monzo said in a press release on Tuesday (Dec. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
HSBC, Santander To Reimburse Overdraft Fees After Failing To Alert Customers
December 02, 2019

HSBC and Santander UK will refund the overdraft fees of more than 115,000 customers. 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...

Banking
Nigeria Turns To FinTechs To Boost Financial Inclusion
December 01, 2019

In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers, Bloomberg reported on Saturday (Nov. 30).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Robinhood Bags Bank Charter
November 28, 2019

Robinhood has announced that it giving up on its plans to become a federally insured 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...

Banking
Revolut Enables Direct Debit Payments For UK Clients
November 28, 2019

Revolut has announced the launch of GBP Direct Debits, a new feature for its global financial retail and business platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....