Citigroup is planning to end its retail banking operations in the U.K., shifting its focus to its wealthiest clients. 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...
Goldman Sachs is bringing Transaction Banking (TxB) to Frankfurt, Germany, before heading to Amsterdam, as the U.S. banker expands into the European Union with its global transaction banking platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Verity, a FinTech which works to help younger people earn, save and spend responsibly, has rolled out a new family banking and financial literacy app for the Middle East and North Africa (MENA) region, according to a Monday (Sept. 19) press release. Get the Full...
The leaders of the country’s seven biggest commercial financial institutions will head to Washington, D.C., this week to face two Congressional hearings to review consumer protection and compliance issues, enforcement actions and recidivism, and trends and developments in the industry. Get the Full Story Complete...
Citing formidable market conditions, London open banking startup TrueLayer — valued at $1 billion last year — is laying off 10% of its staff of approximately 443 employees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Mobile bank for migrants Majority raised $37.5 million in a Series B funding round for expanding its suite of essential services as it continues its growth trajectory to support the nearly 50 million immigrants in the U.S. Get the Full Story Complete the form to...
Deposits at U.S. banks are down $370 billion in the second quarter for the first time since 2018, and the banking industry also reported a drop in quarterly net income from one year ago. Get the Full Story Complete the form to unlock this article...
The banking and financial services industry is undergoing a rapid digital transformation. In response to the pandemic and the emergence of new technologies, consumers are rapidly exchanging traditional financial products and services for innovative digital solutions. Get the Full Story Complete the form to unlock...
Embedded finance helps businesses reduce the risk of fraud and expands support for consumers’ preferred payment methods. In the "Embedded Finance Tracker®," KeyBank’s Bennie Pennington tells PYMNTS how this technology is allowing merchants to offer more cohesive end-to-end services to their customers.
