April 23, 2023
First Citizens to Woo Startups and Rebuild SVB Business Model
Silicon Valley Bank’s new owner faces two challenges: improving business while restoring the bank’s reputation. In a Financial Times interview published Sunday (April 23), Peter Bristow — the president of North Carolina-based First Citizens —...
April 20, 2023
Opendoor Cuts More Staff and Leads FinTech IPO Index Down...
Earnings season has yet to fully engulf the FinTech IPO sector. But there was plenty of other news to go around — where macro headwinds were in evidence, forcing at...
April 18, 2023
Credit Unions Turn SVB Banking Crisis Into Master Class on...
For credit unions, trust has been the glue binding financial institutions and their financial services together. But as Brian Scott, chief growth officer at PSCU, told PYMNTS, “Trust is one...
April 17, 2023
Battle Over Junk and Late Fees Could Hit Bank Profits...
Where regulation goes — sometimes, at least — unintended consequences might follow. The regulatory and legislative scrutiny of, and battle over, what are being commonly referred to as “junk fees”...
April 17, 2023
Open Banking Is Changing the Payments Game, and Enterprises Must...
Until fairly recently, consumers’ financial data has primarily been something to be hoarded and siloed. Rather than closing off this data, a new generation of solutions powered by connectivity may define...
April 16, 2023
UK FinTechs Seek Government Support After SVB Collapse
British FinTech startups are concerned their country has lost its standing in the financial world. According to a Saturday (April 15) report by the Financial Times, FinTech founders say the...
April 13, 2023
FinTech IPO Gains 2.1% as Platforms’ Stocks Swing Wildly
The platforms held sway this past week — where volatility reigned on Wall Street. And within the FinTech IPO Stock Index, we saw gainers and losers in roughly equal measure,...
April 13, 2023
NYDFS Expands Banking Program to Reach Underserved Customers
New York’s financial regulator is expanding its program to provide banking access to underserved customers. The New York Department of Financial Services (NYDFS) announced Thursday (April 13) it had approved...
April 13, 2023
PYMNTS Intelligence: Partnering to Power Growth With Instant Loan Disbursements
Instant disbursements adoption set records in 2022 and is anticipated to continue increasing in the near term. The only disbursements that consumers were significantly less likely to receive instantly last...
