Roughly 70% of consumers have extremely or very high levels of trust in their financial institutions (FIs), which may lead one to wonder what’s going on with the other 30%. In an interview with PYMNTS, Mzukisi Rusi, vice president of solutions at Entersekt, said that...
Digital bank Lunar has closed a $76 million (€70 million) Series D-2 funding round, the Scandinavian company said in a blog post Friday (March 11). Lunar said the latest round brings its Series D funding to $307 million (€280 million) and will help it continue...
The pandemic may have upended financial services and pushed many consumers to do their banking online, but there are still instances where in-person interactions are preferred — and even necessary. Erica Pilon, chief product officer at NCR, told PYMNTS that financial institutions (FIs) can make...
“Payments fraud isn’t localized to just one industry or one business — it’s widespread and pervasive. The fraudsters are only getting more creative,” Paramita Bhattacharjee, VP and product line leader at Early Warning Services, LLC told PYMNTS. As the new WEB Debit Account Validation Rule...
It’s not a question of if, but when, financial services will migrate to the cloud. Early Warning Services Chief Technology Officer Milind Nagnur told PYMNTS in an interview that “every financial institution (FI) is somewhere or other on the spectrum of transitioning to the cloud.”...
N26, the German banking startup, will be ready for an IPO by the end of the year, according to co-CEO Maximilian Tayenthal, CNBC reported Tuesday (March 1). The stock market debut might happen in 2024, according to Tayenthal. But the company isn’t in a rush....
Branch International, an Andreessen-backed startup, is vying to become a pan-African digital bank, Bloomberg reported Tuesday (March 1). The microfinance company now sees a growth opportunity in online financial services in Africa. The company has operations in India, Nigeria, Kenya and Ghana, and it plans...
Almost two out of every three consumers are comfortable opening new accounts digitally, compared to less than half saying they prefer to manage their existing loan accounts that way, according to PYMNTS’ February 2022 edition of “Account Opening And Loan Servicing In The Digital Environment”....
There aren’t many FinTech start-ups born out of viral Twitter posts. But in 2015, a tweet from a woman in Nigeria who had broken open a wooden box she had saved 1,000 Naira (about $5) in every day for a year sparked a conversation around...
