UK digital bank Monzo has been valued at $5 billion following a $430 million funding round. The round was led by Alphabet’s CapitalG group as well as Google Ventures, HongShan Capital and...
Few financial institutions (FIs) are choosing to develop technology in-house, indicating a growing reliance on third-party FinTechs to meet their needs. However, sifting through the...
Hank Payments has partnered with FinWise Bank to enhance consumer financial services, including lending, savings and payments. This collaboration brings together Hank Payments’ banking platform with FinWise’s...
Last month, a top financial industry regulator voiced concerns that banking and FinTech collaborations might be “blurring the lines” between banking and commerce. According to...
Santander is reportedly cutting 320 jobs as it continues to embrace digital banking. The Spain-based bank has laid off a little under 3% of its American staff in...
New York Community Bancorp (NYCB) stock plummeted Friday (March 1) amid a leadership shakeup. The almost 26% drop came as the bank also reported a loss...
Financial institutions are beset on all sides. The PYMNTS Intelligence report “New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments”...
New York Community Bancorp (NYCB) has announced leadership changes in the CEO role and a board position. These changes came on the same day the...
Metro Bank has appointed Barclays veteran Marc Page as chief financial officer. Page will join the U.K. bank and its board Sept. 2, subject to regulatory approval, Metro Bank said...