Most people like their banks, a built-in advantage for banks and credit unions as they fend off challenges from upstarts, and as more and more financial services get the mobile touch. Indeed, some 88 percent of consumers don’t see a reason to switch to other...
When Facebook’s Libra news broke like a tidal wave on the payments and commerce ecosystem a few weeks ago, there was no shortage of opinions about what it meant and whether or not it would take the world by storm. For Prajit Nanu, CEO at...
Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s financial institutions, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and...
Ireland’s central bank has fined Wells Fargo 5.9 million euros, according to a report by Reuters. The fine is the second biggest ever issued by the bank, and it’s for five breaches that happened between 2014 and 2019, which include failure to report the bank’s...
European Central Bank Supervisor Andrea Enria said that the banking system in Europe is operating with excess capacity, and that there should be some mergers to help with efficiency, but not to create bigger institutions, according to a report by Reuters. Get the Full Story...
International Monetary Fund (IMF) chief Christine Lagarde is poised to become the first woman to run the European Central Bank (ECB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The former chief operating officer of Spanish lender BBVA is under investigation for corporate spying. 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,...
In the financial services ecosystem, there are relatively invisible sources of power and fuel, those operations perhaps not well known in the mainstream, but which play vital roles. That holds true when it comes to the progress and growth of digital banking — something underscored...
The Financial Supervisory Authority (FSA) in Norway has fined Santander, a Spanish bank, $1 million for violating Norwegian anti-money laundering (AML) statutes, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
