At a time of increased consumer use and acceptance of the new COVID-era digital lifestyle, the pressure is mounting on large, legacy lenders to accelerate their innovations – or become obsolete. In remarks made at the annual Sibos global financial services conference on Monday (Oct....
In Europe, the great digital shift is spurring traditional banks to play a bit of catch-up. Lilia Metodieva, managing director at Monneo, told PYMNTS platforms that link solution providers, partners, banks and merchants together can help speed that pivot toward eCommerce with agility as consumer...
In today’s top news in digital-first banking, Plaid has debuted an “all-new” Plaid Link to bolster onboarding, while Venmo has introduced a credit card issued by Synchrony and powered by the Visa network. Plus, the Singapore Banking-as-a-Service (BaaS) firm RootAnt has concluded a seed round...
With a move that provides an easier and quicker onboarding experience, Plaid has introduced an “all-new” Plaid Link. Announcing the new link in a blog post on Friday (Oct. 2), the company said it is debuting an easier flow for returning users that could lessen the...
In today’s top news in digital-first banking, banking startup Dave Inc. has a new marketing executive, while payroll and employee benefits processor Gusto has launched “Gusto Wallet.” Plus, Boost Payment Solutions is collaborating with Visa to provide further automation and flexibility to commercial card issuers,...
Middle-class consumers are feeling that they’re getting the short end of the stick when it comes to their relationships with traditional banks, Brian Hamilton, co-founder and CEO at One, told Karen Webster in a recent conversation. For example, his firm’s research found that some 57...
In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. Plus, Jumio is strenghtening its anti-money laundering (AML) functions. Marqeta...
In today’s top news in digital-first banking, New York-based FinTech Petal has landed an additional $55 million, while BNY Mellon announced a collaboration with GTreasury for cash management. Plus, small and medium-sized businesses (SMBs) are reporting challenges with the forgiveness section of the Paycheck Protection...
In today’s top news in digital-first banking, Volante Technologies Inc. is collaborating with Goldman Sachs Bank USA on digital transaction banking, while Sezzle has created a partnership with digital financial services company Ally Lending. Plus, FIS has partnered with The Clearing House (TCH) on real-time...
