Neobanks are spending far more on fraud prevention even as their fraud losses continue to rise. Fraud prevention spending among neobanks, digital-only banks and FinTechs jumped 357% in a year, from $1.8 million to $8 million per institution, according to the PYMNTS Intelligence report “Scams...
When regulators closed Nano Banc on Friday (Sept. 25), among the details in the Federal Deposit Insurance Corp.’s announcement that stood out: Nano had a sole branch. The Irvine, California, commercial bank had reported $686 million in deposits and $736 million in assets as of...
Valley Bank is set to acquire Bluevine, a digital banking platform for small businesses. The $340 million deal is designed to help Valley with its efforts to strengthen its funding base, expand its small business franchise, and accelerate its digital and artificial intelligence (AI) strategy,...
Brazilian digital bank Nubank is reportedly interested in buying U.K. FinTech Monzo. Such a deal would value Mozno at up to £10 billion ($13.2 billion), the Financial Times (FT) reported Saturday (Sept. 26), citing two sources familiar with the matter. Sources told the FT there...
September 11, 2026
FinTechs once saw credit unions as a hard market to crack. Now the door is crowded, and many providers want a way inside. “FinTechs Want In: How Credit Unions Can Turn Partnerships Into Growth” is a PYMNTS Intelligence and Velera collaboration. The report examines the growing opportunity for credit unions and FinTechs to work together. […]
September 08, 2026
A merger between EverBank and WaFd pairs digital reach with a large branch network at a time when banks are finding value in customers who move readily between both. The...
August 28, 2026
Digital bank customers are not just more comfortable with new payment experiences. With the right incentives, they also appear more willing than other consumers to move much of their spending...
August 27, 2026
Earnings season is showing that bank modernization demand is landing in faster payments, cloud and digital banking, and artificial intelligence tools aimed at credit, fraud and other defined operating workflows....
October 07, 2026
Revolut’s CEO for Western Europe, Béatrice Cossa-Dumurgier, said the company will pay the cost of new identity documents for customers impacted by the data breach Revolut disclosed in September, Reuters reported Wednesday (Oct. 7). During an interview with BFM TV, Cossa-Dumurgier said, per the report: “If they ever have to change their ID documents, we’re […]
September 28, 2026
Valley Bank is set to acquire Bluevine, a digital banking platform for small businesses. The $340 million deal is designed to help Valley with its efforts to strengthen its funding...
September 27, 2026
Brazilian digital bank Nubank is reportedly interested in buying U.K. FinTech Monzo. Such a deal would value Mozno at up to £10 billion ($13.2 billion), the Financial Times (FT) reported...
September 24, 2026
Revolut is moving ahead with the completion of its acquisition of Argentine bank Banco Cetelem Argentina S.A. after receiving approval from the Central Bank of Argentina, the company said in...
