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...
The age of open banking is being accelerated by the pandemic. Finicity Founder and CEO Steve Smith told PYMNTS in an interview that, with the increasing use of online channels to do everything from opening accounts to transacting, the specter looms of account takeovers (ATOs)...
The U.K. FinTech Finastra is working with the IT services firm Hexaware to provide managed services for Finastra’s cloud-based payment solutions. “The move helps Hexaware customers in Germany, Belgium, the U.K. and Ireland take ownership of their payment infrastructure,” the two companies said in a...
As more U.S. consumers turn to financial apps in efforts to simplify banking and investment, earning their trust has become an increasingly important factor for banks and FinTechs alike — as well as the handling of consumers’ data. Eighty percent of consumers have connected a...
The financial services landscape is set to change drastically as open banking permeates and changes the way consumers view and use their financial information. As such, regulators, financial institutions and FinTechs have all been striving to create a mutually beneficial relationship surrounding the use of...
The paycheck to paycheck economy is changing what it means to be underbanked. In the past, the definition of an underbanked person was much simpler, meaning that the individual didn’t have basic deposit or checking accounts housed within a bank or credit union. However, that...
The U.S. licensed global challenger bank FV Bank announced Thursday (Oct. 28) that it will now be a Principal Member of Visa, according to a press release. FV Bank will use this to establish itself as a full-service bank, offering Visa cards and traditional banking...
U.K. FinTech super app Revolut is expanding into Mexico and the Latin American market and named Juan Miguel Guerra CEO to build and lead its entry into the region, according to a press release emailed to PYMNTS on Friday (Oct. 22). Formerly head of Bogota,...
