In today’s top news in digital-first banking, a former Barclays executive has been named to serve as head of Citi Commercial Bank (CCB), while the American Bankers Association is looking for more oversight of digital currency companies. Plus, ForwardAI has rolled out its ForwardAI Precise...
Consumers take a somewhat binary view of the features and functions that come packaged as innovative: They either believe they solve a problem and embrace it, or they go somewhere else that offers those features and functions. Get the Full Story Complete the form to...
Citi announced on Monday (April 12) that its application programming interface (API) connectivity platform has processed over 1 billion API calls since launching in 2017. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
All revolutions have leaders. But what about the open banking revolution — the one across the pond in the U.K.? Well, that’s going to be led by the merchants, as Francesco Simoneschi, co-founder and CEO of TrueLayer, told PYMNTS’ Karen Webster in a recent interview....
To fuel its early-stage business in Mexico, Nubank’s unit in the Latin American country is receiving an infusion of $135 million, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In today’s top news in digital-first banking, TrueLayer landed $70 million in a funding round headed up by Addition, while Envestnet had acquired Harvest Savings & Wealth Technologies. Plus, Avant has purchased Zero Financial along with its neobank, Level. Get the Full Story Complete the...
The Malaysian central bank, Bank Negara Malaysia, reportedly may issue up to five licenses for digital banks by the first quarter of 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In today’s top news in digital-first banking, Fondeadora said it had chosen AU10TIX to be its identity verification provider, while the U.S. Federal Reserve revealed message specifications for FedNow. Plus, the European Central Bank (ECB)’s president said a proper digital currency rollout could take years....
In the digital-first economy, change, consumer-first and competition are the operative concepts. Case in point: mobile banking, digital wallets, open banking and data sharing (and even cryptos). As FinTechs and banks battle over dominance in this landscape, there’s a fine line between innovation and a...
