When we talk about the mass affluent, it goes beyond high-net-worth individuals and affluent retirees to people who have made a huge fortune from the sale of a business, a young couple who has suddenly inherited a lump sum of money or a recent graduate...
After more than five years of working on a FinTech project with Chinese eCommerce marketplace JD.com, commercial lender China Merchants Bank (CMB) has decided not to move forward with the planned direct banking joint venture. Get the Full Story Complete the form to unlock this article and enjoy...
Zurich-based Credit Suisse is reportedly considering new ways to slash its costs after a poor performance in the last quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Starling Bank is one of the U.K.’s most well-known challenger banks. Since launching the beta of its digital banking app in 2017, it has grown a reputation for bringing innovative solutions to the market and bringing digital-first banking to millions of consumers and businesses. Get...
Community bank Arvest Bank has announced a five-year partnership with Google Cloud to accelerate its digital transformation, a press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Consumers’ desire for banking convenience has spurred their interest in bundled banking services. In fact, many consumers are willing to leave banks that fail to offer bundled services, according to “Bundled Banking Products,” a PYMNTS and Amount collaboration based on a survey of 2,290 U.S....
Thrilling products make a splash and attract flocks of curious users during the great digital shift, as the success of neobanks shows — but, as we learned with meme stocks, there must be real value behind the dazzle. Legacy banks are learning this as they...
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Way before he was a Broadway star, Alexander Hamilton was a formidable presence on another stage — in this case, the development of the U.S. financial system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
