November 02, 2023
Revolut Names Molo Founder Francesca Carlesi as UK CEO
Revolut hired 15-year financial sector veteran Francesca Carlesi to lead its United Kingdom operation. Carlesi, whose appointment as U.K. CEO was announced Thursday (Nov. 2), comes to Revolut from Molo,...
November 01, 2023
Zillow’s Revenue Outperforms Industry as Real Estate Faces Headwinds
Real estate platform Zillow Group outperformed the industry during the third quarter. Despite a 3% decline in residential revenue year over year (YoY), Zillow outperformed the industry decline of 14%, the company...
November 01, 2023
Personalization Helps Credit Unions Out-Compete Banks on Lending
You can’t have a successful business, no matter the business, if you don’t attract customers. When it comes to today’s world of evolving financial markets and fluctuating interest rates, consumers...
October 31, 2023
Digital Innovations Help Cash-Strapped Small Businesses Find Best-Fit Funding Solutions
The past few years have been full of challenges for small- to medium-sized businesses (SMBs). “It is definitely a perfect storm, and not in a good way,” Anthony Peculic, head...
October 27, 2023
FTC to Require Non-Banking Financial Institutions to Report Data Breaches
The Federal Trade Commission (FTC) will require non-banking financial institutions to report certain data security breaches. In a unanimous decision, the regulator has approved an amendment to the Safeguards Rule, requiring non-banking financial institutions...
October 25, 2023
Barclays Will Cut 3% of U.S. Consumer Banking Staff
Barclays is shrinking its U.S. consumer banking division as it looks to lower costs. “We recently streamlined and simplified our U.S. Consumer Bank operating model, which has regrettably resulted in...
October 25, 2023
Generation Z Will Help Shape Payments Innovations for Years to...
Jacqueline White, president at i2c, told PYMNTS in a recent interview that “what’s next” in payments may be determined by demographics. Among the overarching trends dominating the last year of payments...
October 24, 2023
Fed Overhauls Community Reinvestment Act to Adapt to Online Banking
The Federal Reserve has reportedly finalized a revamp of the Community Reinvestment Act (CRA) rules, which were enacted in 1977 to combat discriminatory lending practices in minority neighborhoods. The updated rules aim...
October 24, 2023
Suit Claims Big Data Algorithms are Behind Soaring US Rents
Inflation and housing supply shortages have long been held accountable for the escalating rental costs in America. However, two groundbreaking lawsuits suggest that algorithmic pricing software may also be a...
