Lax anti-money laundering (AML) systems have cost FIs more than $8 billion in fines this year alone — and maintaining compliance without compromising the user experience can be tricky, says Michael Bopp, chief customer engagement officer for Synchrony Financial. In the latest Digital Banking Tracker,...
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Barclays Bank is no longer going to let its customers withdraw cash from U.K. post offices beginning in January, and the decision has drawn the ire from Post Office officials as well as supporters of rural communities and elderly customers, who are generally more reliant...
A new technology division is being launched at Germany’s Deutsche Bank to restructure systems for simplicity and efficiency, Reuters reported on Monday (Oct. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Miami-based NYMBUS announced the licensing of NCR’s D3 Digital Banking platform (D3) to give financial institutions the opportunity to quickly offer customers new brands, the FinTech announced in a press release on Monday (Oct. 7). Get the Full Story Complete the form to unlock this...
This week, Cellulant – an Africa-focused payments services firm – is announcing a big play to build the comprehensive “catch-all app” for consumers in the African market. The company will rebrand its consumer product, Mula – heretofore calling it Tingg – but the change will...
Credit Karma, a company that enables people to gain access to their credit scores, is launching a high-yield savings account that customers can use through an app and online. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Apple Card is the tech giants shot across the bow at banks. Rachna Ahlawat, co-founder and executive vice president of Ondot Systems, tells Karen Webster banks – especially smaller FIs – must grapple with the need to offer a range of services “wrapped” around their...
Citi has been appointed by Victory Capital to provide fund administration, custody, ETF services and securities lending for its most recent acquisition. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
