British bank HSBC on Wednesday (Dec. 1) added a function to its mobile app that will let people invest in a suite of funds for a minimum of 50 pounds ($66.62) in a move that’s aimed at younger people across the U.K. and pits HSBC...
For a company that had been growing by about $10 billion a quarter for most of this year, the Tuesday (Nov. 30) announcement that Nu Holdings, the parent of Brazil-based Nubank, is scaling back the size of its planned initial public offering (IPO) marked a...
There are any number of ways to look at the emerging decentralized finance (DeFi) space, at least where banks are concerned. Some view it as an existential threat, while some believe that banks and DeFi can work together to create a new category of financial...
Digital wallet GoPay is teaming with Bank Jago, the technology bank from Indonesia, to work on more streamlined digital banking to help the vast number of unbanked and underbanked people in the country, a press release says. Under the partnership, the Gojek application will enable...
“Alexa, bring banks customers.” Only five years ago — what seems like a pre-pandemic lifetime — PYMNTS hosted its Alexa Challenge. The event was geared toward bringing teams of developers to reimagine how the virtual assistant could make commerce, and banking, a bit easier. Read...
“Banking is an exciting place to be right now. There’s a lot happening,” Kent Landvatter, CEO/president of FinWise, told PYMNTS CEO Karen Webster in a recent interview. He said technology enabled small banks to compete with regional and national banks, and the increased competition has...
European open banking company Aiia is working with Nordic-based software company Netcompany to help boost open banking and help Danish residents pay bills and invoices, the companies announced Tuesday (Nov. 16). That will come about through a new program from Netcompany called mit.dk, which will...
Convenience is the order of the day, especially after the onset of the pandemic, and it continues to be the key driver behind consumer action, simplifying people’s everyday lives with opportunities to do more with their finances. In Denmark, today’s (Nov. 16) launch of ‘mit.dk’,...
Flexible finances are more or less a given in today’s world. Consumers have access to multiple digital wallets, credit cards and all manner of other services for making purchases online and at stores. They can invest, gamble, book a flight or even buy a car...
