Bank-FinTech relationships are likely to drive the integration of GenAI into banking, Federal Reserve Governor Michael S. Barr said Friday (April 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Stripe’s application for a Merchant Acquirer Limited Purpose Bank (MALPB) charter has been accepted by the state of Georgia’s Department of Banking and Finance, bringing the financial infrastructure giant one step closer to directly accessing payment card networks. Get the Full Story Complete the form...
Digital lending is at a crossroads as financial institutions and banks grapple with modernizing their loan processes, revealing a significant divide between readiness for consumers and small businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
There are roughly 33 million small businesses in the United States, employing a bit less than half of workers in the country, according to the U.S. Chamber of Commerce. All businesses need capital to survive and thrive, and yet banks’ servicing of those needs is...
Mobile banking app Chime launched a premium membership program alongside several new features. 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....
Westpac, a bank operating in Australia and New Zealand, plans to enable customers to immediately block their account through its app or online banking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The shakeup and shakeout of banking-as-a-service (BaaS), in the wake of the Synapse bankruptcy last year, has opened up new potential for embedded finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
A friendlier regulatory environment has cryptocurrency companies and FinTechs trying to become banks. 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....
After gaining a restricted banking license in the U.K. in July, Revolut is reportedly working to build out its banking operations there, expand globally and then launch an initial public offering (IPO). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
