Sections
Digital Banking
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210B2B PaymentsRBS Chooses Leader For SMB Digital Bank Mettle
Royal Bank of Scotland (RBS) is pressing forward with its digital-first bank, targeting small and medium-sized businesses (SMBs), and reports have said...
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706BankingLoot Founder To Become Bó Chief Product Officer
After financial startup Loot reportedly went into administration in May, Loot Founder Ollie Purdue is reportedly becoming a part of a digital...
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817B2B PaymentsFor Gig Workers and Entrepreneurs, Business Banking Done Digitally
Entrepreneurs and the smallest and youngest of companies — freelancers, too — need access to business services. Amaiz CFO Steve Taklalsingh tells...
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666BankingUK Challenger Banks Stumble On Stress Tests
Stress tests haven’t been kind to so-called challenger banks in the U.K., according to a Financial Times report. It stated that the...
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1.1KBankingUK Digital Bank Monzo Crosses Pond To US
Digital bank Monzo, based in the United Kingdom, is crossing the pond. Reuters reports that the company has reached U.S. shores, debuting...
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1.0KSecurity & FraudBNY Mellon’s AI-Based Fraud Detection Initiative
With the speed and volume of digital transactions increasing every year, fraudsters have become better at concealing their tracks. Hunting cybercriminals has...
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1.6KDigital PaymentsApple Pay Adds Support For Netherlands, Revolut Users
Apple Pay has added support for users in the Netherlands and also expanded services for Revolut users, according to reports. The service...
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1.4KDigital BankingGoldman Exec Says Marcus Isn’t Like JPMC’s Finn
Goldman Sachs doesn’t believe its digital brand, Marcus, will suffer the same fate as JPMorgan Chase‘s Finn. Barely more than a year...
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2.0KBankingChase Shuts Down Finn
Barely more than a year after banking giant JPMorgan launched an effort to bring younger clients into the fold — through digital...
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1.5KB2B PaymentsHow New Entrepreneurs Usher Open Banking Into SMB FinServ
Bank branch closures have some analysts, and even the banks themselves, on high alert. Researchers found a 2.2 percent drop in the...
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2.0KB2B PaymentsPenta Hires CEO From Banking-as-a-Service Provider
Germany-based digital small business bank Penta has announced its new chief executive officer. According to a report on Monday (June 3), Penta...
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1.5KDigital BankingTink Gets Investment From PayPal To Expand
Tink, the Swedish company that enables FinTechs to access customers’ financial data, has received an $11.2 million investment from PayPal Holdings. Reuters,...
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2.2KDigital BankingYields Yielding (Poached) Customers For Online Banks?
When money leaves accounts, it’s gotta go somewhere – if not for a transaction, then to another account. It’s no secret that...
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1.7KDigital BankingGoldman COO Teases New Digital Money Management Product
The chief operating officer of Goldman Sachs said the bank is working on a digital money management tool in an attempt to...
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1.2KToday In DataCredit Unions Join Forces To Boost Digital Offerings
Credit unions (CUs) are combining resources to offer better products and services their members crave, while car manufacturers are increasingly working with retailers to unlock new...
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1.2KInternationalPlaid Launches In UK
Plaid, the FinTech that enables apps to access consumers’ financial information, announced it is entering the European market, starting with the U.K....
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1.5KBitcoinECB Supports Central Bank Digital Currencies
A European Central Bank (ECB) official is throwing his support towards wholesale central bank digital currencies (CBDCs). In fact, Vitas Vasiliauskas, a...
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2.6KArtificial IntelligenceErica — BoA’s AI Assistant — Hits 7M Users
Bank of America announced on Tuesday (May 28) that its AI-powered virtual assistant Erica has surpassed seven million users and 50 million...
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2.6KDigital PaymentsTeenager-Focused Digital Bank Wins Fresh Funding
Much thought is given to millennials and even Generation Z — consumers who were born during fixed periods of time, and who are...
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3.3KCredit UnionsCredit Unions’ Digital Future: More Like YouTube, Less Like Online Banking
Digital banking is not the main element that drives consumers toward using a credit union. According to the Credit Union Innovation Playbook,...
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3.6KBankingPaving Mobile Banking’s Path To Success
The customer journey in banking begins with offering a wealth of data when opening an account. As Jim Priestley, chief revenue officer...
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2.0KInnovationGermany’s Central Bank Says Tech Presents Hurdles, Opportunities
Bundesbank, Germany’s central bank, said increased use of financial technology in the country could present regulators with their biggest hurdle since the...
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2.6KCryptocurrencyCrypto And The (Lack Of) Bank Funding Conundrum
All businesses need capital to survive. That is especially true for embryonic firms with untested business models or products or services. The...
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2.2KInvestmentsMinna Technologies Notches €5.6M In Series A Round
In a Zenith Group-led funding round joined by Visa as well as Swedbank, subscription management platform Minna Technologies has notched €5.6 million...
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2.3KBitcoinBitcoin Daily: Presidential Candidate Andrew Yang Supports Crypto; Crypto.com Platform Aims To Replace Bank Accounts
Democratic Presidential Candidate Andrew Yang, who recently launched a digital-asset platform, has revealed that he believes more regulatory frameworks for the crypto...
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2.6KBitcoinBitcoin Daily: Ripple’s XRP Rises To Top-Performing Crypto; Samsung To Bring Blockchain To Budget Smartphones
Ripple’s XRP added more than 21 percent overnight to become the best-performing asset in the top 10 of coins, reaching $0.38. This...
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4.8KDigital BankingIs Social Banking The Key To FIs Capturing Gen Z?
Persuading customers to choose one bank over another is never an easy task, and it’s only become more challenging in the saturated...
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3.7KB2B PaymentsBank Of America Tokenizes Apple Watch For Corporates
Bank of America is integrating the Apple Watch into its corporate treasury platform, CashPro, to tokenize the wearable technology. In an announcement...
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2.3KAuthenticationDeep Dive: How Banks Will Become Key Verification Players
Consumers want authentication to be both seamless and secure, and many expect online merchants to safeguard their personally identifiable information. Not all...
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4.3KBankingPeople And Bank Automation — An ‘And’ Not An ‘Or’
It is hard to argue, after five decades in existence, that the ATM hasn’t been an overwhelming success as financial products go...
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2.4KRegulationHong Kong Issues More Online Banking Licenses
The banking regulator in Hong Kong has issued an additional four online-only banking licenses to Ping An, Alibaba, mobile phone maker Xiaomi...
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2.0KAuthenticationCiti Adds Biometrics To Its ‘Security Perimeter’
A single data breach costs a business $3.86 million on average. The high risks and costs of breaches, says Tapodyuti Bose, Global...
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3.0KB2B PaymentsBanking/FinTech Collaboration Grows In China
In China, digital financial services gain ground among collaborative efforts between tech-savvy upstarts and traditional players. Elsewhere, Monetary Authority of Singapore is...
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1.7KToday In DataBalancing Secure And Seamless Commerce
That customers want everything faster is a fact of life in the digital economy. From the amount of time it takes to...
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5.1KAuthenticationWhy Citi Is Using Biometrics To Build Its ‘Security Perimeter’
From company board rooms to airport boarding gates, the need for seamless authentication is putting biometrics front and center in varying use...
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4.9KDigital BankingWhat FIs Don’t Know They Don’t Know About Their Customers
When it comes to long-term consumer relationships, few businesses can top banks. They tend to keep ties with consumers over decades —...
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4.2KBrexitGoldman Delays Marcus’ Germany Launch
Goldman Sachs has decided to delay the German launch of its consumer bank Marcus until 2020. Richard Gnodde, who heads Goldman Sachs International,...
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2.6KB2B PaymentsEU Corporate Banking Tech Lags Behind US: Report
European corporate banks are lagging behind their U.S. peers in terms of technology, a new report from Greenwich Associates found. In a...
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2.0KEarningsBank Upgrades, Worldpay Buy Fuel FIS Q1 Growth
Fidelity National bested first quarter estimates on the heels of transaction growth and increased spending by banks as they embraced upgrades to...
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2.8KPartnerships / AcquisitionsWirecard Expands Partnership With RBL Bank
Wirecard, the digital financial technology company announced on Wednesday (April 24) that it has expanded a partnership with RBL Bank to promote...
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2.9KCredit UnionsCUs Face A Generational Innovation Divide
Like many other financial institutions (FIs), credit unions (CUs) need responsive websites and mobile apps to address their members’ needs. It’s through...
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2.8KInvestmentsTencent Invests In Argentinian Mobile Banking Startup
Chinese technology conglomerate Tencent has invested in Argentinian mobile banking startup Uala, according to a report from Reuters. Point72 Ventures and George...
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2.4KToday In DataTaking New Approaches To Onboarding Security
Businesses are facing greater pressure to provide robust, digital know your customer (KYC) checks and other security measures amid increased interest in...
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7.5KDigital BankingRevolut Refines Its Culture As It Seeks Expansion
Revolut is making some changes to its business practices and company culture as the company aims to move from a startup to...
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4.1KEarningsBoA’s Zelle Transactions Up 103 Pct In Q1
Bank of America (BoA) missed on revenue when it reported its Q1 earnings on Tuesday (April 16) and predicted net interest income...
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3.8KDigital BankingGoldman’s Digital Roadmap, As Marcus Lands $46B In Deposits
Trading slump, yes. Goldman Sachs is still, of course, tied to the vagaries of investors’ back-and-forth on Wall Street, as evidenced by its...
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8.0KSecurity & FraudWhy ‘Always Be Onboarding’ Should Be The New Mantra For FIs
Just two generations ago, banks generally did business with people known by the financial institution’s employees and officers, lending to “people in...
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4.3KNewsAlexa, Stolen Fingerprints And The Rest Of The Week’s News
It’s the end of a busy week, one full of news about payments and commerce. We here at PYMNTS are as excited...
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3.7KConsumer FinanceBofA Debuts Digital Financial Coach
Bank of America is gearing up to launch Life Plan, a digital portal that helps customers achieve financial goals, this fall. According...
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3.2KToday In DataHow Startups Compete With Legacy Firms In Digital Banking
Legacy banks and FinTech firms are looking to create digital-only banking services to capture consumer interest in using smartphones for their banking needs. In...