Beyond peer-to-peer (P2P) payments, the shift to real-time payments spurred by the pandemic is poised to change the way we keep the lights on, the Netflix account paid, the doctor visit payment plans squared away. Russ Waterhouse, executive vice president of Product Development and Strategy...
In today’s top news in digital-first banking, Better has plans to go public by merging with a blank-check company, while Revolut debuted a wide range of features and offerings for retail customers. Plus, OCBC Bank said it is harnessing the Visa Commercial Pay Mobile solution...
It’s the one question that Matt Cole, CEO of Secure Enterprise Transactions at IDEMIA, told Karen Webster that his firm now increasingly hears from banks: How can financial institutions (FIs) cement trust with their customers in an automated fashion to enable digital-first experiences? Advanced technologies...
In today’s top news in digital-first banking, the National Payments Corporation of India (NPCI) won’t be blocking cryptocurrency trades, while Citigroup is looking into the rollout of services to support cryptocurrency. Plus, Kazakhstan is the latest nation to think about a possible central bank digital...
While often referred to as a leading digital bank, Chime is not technically a bank and will no longer be referring to itself as one to appease a California regulator who took issue with FinTech’s loose use of the term. The popular “digital bank” as...
In today’s top news in digital-first banking, FIS is working with NYDIG on bitcoin, while Zelle processed 392 million transactions in Q1 2021. Plus, big banks in the U.S. are making moves to unload cash. FIS Teams With NYDIG To Allow Bitcoin Purchases From Bank...
Big Tech and FinTech firms are busy creating their own connected ecosystems while striking up relationships with banks, making traditional financial services firms part of the system, too. Google stands as a prime example, with Google Pay and Google Plex. And in other parts of...
In today’s top news in digital-first banking, LendingClub reported that loan originations grew by 63 percent quarter over quarter, while U.S. Bank is rolling out new offerings for special-purpose acquisition companies (SPACs). Plus, companies can now take automated clearing house (ACH) payments via Square Invoices....
It is a widely held belief that open banking is an EU-based concept, driven by data privacy regulations like PSD2. And the U.S., the conventional wisdom goes, is behind the beat. But conventional wisdom, under more rigorous examination, doesn’t hold up too well. Open banking,...
