Amid controversy around an anti-money laundering system, Revolut CFO Peter O’Higgins resigned from the firm. O’Higgins didn’t mention the issue in his resignation statement, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
N26, the FinTech startup, is gearing up to enter the Brazilian market. According to a report, N26 said during MWC in Barcelona on Wednesday (Feb. 27) that it will soon launch its retail banking business in the country. N26 had previously announced plans to enter the...
HSBC, the U.K. bank, has started beta testing of its PayMe System, a digital payment system for businesses. 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...
Trust is inherent in banking, and has been since the beginning, when people decided to store coins and bills in vaults. Entersekt SVP of North America Sherif Samy explains why pairing the trust factor with the (mobile) form factor can help banks adopt a successful omnichannel...
Bank of America will drop the Merrill Lynch name from its trading and investment banking outfits, according to reports. 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...
It’s easy to mistake the trappings of success for stability. Beautiful office buildings, favorable earnings reports, an international presence and a growing global team not only convey the look and feel of success, but the idea that the success is permanent and that the company behind that success is infallible....
According to recent data from Moody’s investor services, corporate leverage in the U.S. has reached pre-2008 levels, meaning banks are facing risk that is elevated above what has been seen since the financial crisis. The good news, according to Moody’s, is that at this point,...
In a settlement that has been given preliminary approval by a federal court in New York, Visa and Mastercard, along with bank defendants, have agreed to provide roughly $6.24 billion in settlement funds. The funds are subject to a deduction that is said not to...
Many challenger banks pursue charters to establish themselves as trustworthy institutions and compete directly with legacy FIs. Yet, pursuing charters can be time-consuming, and comes with plenty of pitfalls — some of which can surface even after a charter is successfully acquired. The following Deep...
