Consumers were forced to swiftly adapt to a world where their primary way to interact with businesses or banks became digital-first, with the pandemic seemingly increasing the number of consumers turning to digital tools to conduct their financial activities. PYMNTS research found that financial institutions...
In today’s top news in digital-first banking, U.K. FinTech Revolut has introduced its Pockets tool, while Robinhood Markets is reportedly working with Goldman Sachs for its public offering preparations. Plus, Wells Fargo’s CEO believes the U.S. economy will rebound quickly once COVID-19 vaccines can reach...
In today’s top news in digital-first banking, open banking provider Fabrick is collaborating with instant payments company Nets, while Societe Generale and Credit du Nord have approved a plan to combine their retail banking operations. Plus, Social Finance (SoFi) is reportedly in talks about selling...
Bet your last application programming interface (API) that the strong suits for FinTechs as the year heads to a close are innovation and user experience. On the other side of the table sit the traditional community banks and the smart bet there is on risk...
A new Singaporean digital bank formed in a joint venture between Grab Holdings Inc. and Singapore Telecommunications Ltd. will hire 200 people before launching publicly in early 2022, Bloomberg reported. The new digital bank is coming about after the joint venture won one of two...
Wintrust Financial Corporation has selected global enterprise technology provider NCR Corporation to provide its new digital-first banking platform, according to a press release. Wintrust is a $43 billion platform with 15 branded community bank subsidiaries and will leverage NCR to help provide a new “unique...
Luxembourg regulators have given a thumbs-up to the FinTech PingPong, authorizing it to do business as an Electronic Money Institution (EMI). The new license will allow PingPong to offer customers “a more flexible array of services,” the company said in a news release. The B2B...
In today’s top news in digital-first banking, Revolut is introducing a new function in the U.K. that will offer access to direct deposits a day early, while SWIFT is rolling out a new offering for live international payments and transfers called gpi Instant. Plus, Aareal...
In today’s top news in digital-first banking, Computer Services, Inc. (CSI) is collaborating with Featurespace to advance a new cybercrime offering to fight money laundering, while the loan payment relief mandated by the federal CARES Act has brought about mixed outcomes. Plus, Emirates National Bank...
