Banking

Banking
UK Neobanks Show Potential for 2022 with Major Fundraising and Expansion Plans
January 07, 2022

Despite the legal and pandemic-related business challenges that have plagued neobanks in the United Kingdom in recent months, the challenger bank space in Europe is showing huge potential for 2022 as investor and customer interest continues to grow. Get the Full Story Complete the form...

Banking
Fake Business, Real Problem: The Importance of KYC
January 06, 2022

About 1.4 million identity theft incidents were logged by the Federal Trade Commission in 2020, a figure that’s more than double the thefts from the year before. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
Regions Bank Launches Equipment Financing Tech Platform
January 06, 2022

Alabama’s Regions Bank says it is adding a new technology solutions platform and team to its Regions Equipment Finance Corporation (REFCO) subsidiary. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Banking
Unifimoney Integrates With Q2 Digital Banking Platform
January 05, 2022

Digital wealth management platform Unifimoney on Wednesday (Jan. 5) made its debut in the Q2 Innovation Studio by making its trading platform pre-enabled to more than 450 financial institutions (FIs) on the Q2 digital banking platform. Get the Full Story Complete the form to unlock...

Banking
LendingClub Reorganizes to Focus on ‘Everyday’ Americans
January 04, 2022

LendingClub won’t be going forward with several business operations in 2022, including its yacht loan business, according to CEO Scott Sanborn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Rev Debuts Its App-Based X World Wallet With Loyalty, Travel Perks
January 04, 2022

Payment products innovations company Rêv has debuted its X World Wallet, an app-based multi-currency debit account, nationwide in the United States, according to a Tuesday (Jan. 4) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
More Banks Ditching Lucrative Overdraft Fees
January 04, 2022

Despite bringing in an estimated $15.47 billion in 2019, more banks in the U.S. are ditching or modifying overdraft fees in a move to better compete with zero-fee FinTechs, placate politicians and make customers happy, according to the most recent data from the Consumer Financial...

Banking
UK Tests Shared BankHubs in Communities With No Branches
January 03, 2022

A pilot program between U.K. bank Cambuslang and the U.K. state-owned Post Office could help give more access to in-person banking for those in need, according to a Sunday (Jan. 2) report from Financial Times (FT). Get the Full Story Complete the form to unlock...

Banking
US Dreams Dashed But UK and EU Neobanks Brim With Potential in 2022
January 03, 2022

Despite legal and pandemic-related business challenges, the challenger bank space in the United Kingdom and European Union is brimming with potential, buoyed by growing investor interest and increasing customer sign-ups. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...