French payments app Lydia has launched a European banking super app called Sumeria. The company will invest more than €100 million and hire 400 people in three years to become a major player in this sector in France before expanding to other parts of Europe, Lydia...
Digital channels continue to gain adherents in financial services, as Truist Financial Corp.’s latest earnings results showed Monday (April 22). Earnings supplementals revealed that mobile app users were up 8% to 4.9 million year over year. Double-Digit Gains in Digital Transactions Digital transactions were 13%...
Startup-focused banking FinTech Mercury is getting into the consumer banking business. The company has launched Mercury Personal, designed to help builders in the tech sector optimize their money, according to a Wednesday (April 17) news release. “Many founders and investors are not happy with their bank accounts today...
There are 69 million consumers in the U.S. who are between the ages of 12 and 27. They are described as the first digitally-native generation — a generation that has lived with mobile phones and apps for most of their lives. The iPhone was introduced...
March 28, 2024
For decades, consumer expectations around the convenience and always-on capabilities of their financial services could not be met. The typical Monday-through-Friday banking hours and 4 p.m. branch closings have made it difficult for consumers to decide when and how they bank. That’s quickly changed. Consumer expectations, technological advancements and shifting market dynamics are redefining what […]
March 27, 2024
Eric Foust, VP of Banking Partnerships, North America at Trustly, said that in the wake of the pandemic, consumers are looking toward banks to deliver the same ease of use and...
March 26, 2024
Did the mobile device kill the bank branch? Not quite, but as the world moves increasingly toward digital rather than physical banking channels, the banking sector may have already crossed...
March 15, 2024
In a world where change is constant, digitization has become one of life’s certainties. This advancement is coming to even traditionally staid sectors like financial services and banking, spurring profound...
May 15, 2024
French payments app Lydia has launched a European banking super app called Sumeria. The company will invest more than €100 million and hire 400 people in three years to become a major player in this sector in France before expanding to other parts of Europe, Lydia said in a Wednesday (May 15) post on LinkedIn, translated from […]
April 17, 2024
Startup-focused banking FinTech Mercury is getting into the consumer banking business. The company has launched Mercury Personal, designed to help builders in the tech sector optimize their money, according to a Wednesday (April...
April 10, 2024
Trustly launched a payments partnership with games company Light & Wonder. The collaboration is designed to bring cashless, in-person deposits to casino floors using Light & Wonder’s RAPIDPLAY solution, according to a...
April 04, 2024
Russia says the country’s Apple users don’t have full access to payments and banking services. As Reuters reported Thursday (April 4), Russia’s antitrust regulator, the Federal Antimonopoly Service (FAS), has written to Apple...
