Unconstrained by legacy systems, decades-long financial commitments and the obligations of a full banking license, digital banking apps are shaking things up and introducing a seamless, cost-effective, and flexible way of accessing financial services that continues to threaten the once dominant incumbent model. Get the...
Wio, a government-backed digital bank, has launched in the United Arab Emirates. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
Deposits at U.S. banks are down $370 billion in the second quarter for the first time since 2018, and the banking industry also reported a drop in quarterly net income from one year ago. Get the Full Story Complete the form to unlock this article...
While digital banking still accounts for a small percentage of the overall pie, interest is growing in neobanks over traditional banks for some demographics who feel digital banking aligns with their needs. Get the Full Story Complete the form to unlock this article and enjoy...
Turkish banking regulations meant to keep the cost of credit low for small to medium-sized businesses (SMBs) and exporters are reportedly causing banks to pull back on corporate lending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The banking and financial services industry is undergoing a rapid digital transformation. In response to the pandemic and the emergence of new technologies, consumers are rapidly exchanging traditional financial products and services for innovative digital solutions. Get the Full Story Complete the form to unlock...
Digital payments network Zelle has been in a lot of hot water lately over alleged fraudulent transactions and the blame game. While there’s no resolution, one thing is clear: the 5-year-old peer-to-peer (P2P) payments player is operating in the big leagues. Get the Full Story...
Automated expense management system Pleo is partnering with open banking application programming interface (API) startup Yapily to help small and medium-sized businesses (SMBs) manage cash flow. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Embedded finance helps businesses reduce the risk of fraud and expands support for consumers’ preferred payment methods. In the "Embedded Finance Tracker®," KeyBank’s Bennie Pennington tells PYMNTS how this technology is allowing merchants to offer more cohesive end-to-end services to their customers.
