July 15, 2022
Loan Loss Reserves Creep Up at Cautious Wells and Citi
The banks see strength — in consumer spending, debit, credit and in a recession that may prove short-lived. But they are preparing for some bumpiness in the months ahead and...
July 15, 2022
Apiture Lands $29M Investment for Digital Banking Platform
Digital banking platform Apiture has closed a $29 million fundraising round, and plans to use it to increase its marketing efforts, speed up product development and meet increased demand for...
July 15, 2022
Bank Earnings Show Great Digital, Mobile Shift Is Unstoppable
The bank earnings continue to roll in. And amid the commentary on the state of the consumer, on the impact of white-hot inflation, on deposits and card spend, there’s one...
July 12, 2022
P2P Payments Fraud Suggests Liability Gray Area
Peer-to-peer (P2P) transactions between bank accounts are gaining in popularity, evidenced by the triple-digit percentage gains in Zelle and Venmo volumes, due in part to faster payment rails. The flip...
July 11, 2022
Will This be Year Crypto Gets Mention in Banks’ 10-Ks?
In the last couple of quarters, major banks haven’t had much to say about cryptocurrencies in their earnings reports or the subsequent analysts’ calls. Q2 2022 could be the quarter...
July 08, 2022
Credit Card App Ranking Squeezes 13 Apps Into the Top...
Like the credit card charges that stack up while traveling on a summer vacation, there are a lot of apps squeezed into this month’s edition of PYMNTS’ Provider Ranking of...
July 08, 2022
Weekly TechREG US: Federal Agencies Respond to Biden’s Crypto Executive...
This week, the U.S. Treasury proposed to the White House a plan to strengthen international cooperation on crypto regulation to make sure that the country leads the way in setting...
July 06, 2022
Today in FinTech: Voyager Goes Bankrupt; Revolut Teams With Stripe;...
In today’s FinTech news, Voyager has filed for Chapter 11 bankruptcy, adding to the mounting turmoil in the overall cryptocurrency ecosystem. Meanwhile, Revolut and Stripe are making moves in Latin...
July 06, 2022
Today in TechREG: Amazon Faces a New UK Antitrust Investigation;...
Today, the U.K. Competition Markets Authority launched an investigation against Amazon for allegedly giving its own sellers an unfair advantage in its marketplace over third parties. The Department of Commerce...
