The People’s Bank of China said Friday (July 9) it was taking measures that would help commercial banks lend more money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In today’s top news in digital-first banking, CheckAlt is collaborating with LEVERAGE Payment Solutions to take on the challenges in supporting indirect loans, while Cross River Bank is reportedly in early discussions with potential suitors about raising roughly $200 million. Plus, Wells Fargo is reportedly...
Wells Fargo is closing down personal credit lines as the bank moves to drop the banking product, CNBC reported on Thursday (July 8), citing letters the news outlet reviewed that were sent to customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In today’s top news in digital-first banking, Blend Labs Inc. intends to go public, while InComm Payments says it is working with Flexa to provide clients with a simpler way to accept digital currency. Plus, The European Commission is looking to create a new Anti-Money...
A lackluster economy that’s still recovering from the COVID-19 pandemic isn’t the only issue plaguing the U.K. financial sector these days. Recently, regulators pointed to diversity and inclusion in the space as a serious problem that needs to be addressed — and they offered a...
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Indonesian digital bank Jago is planning to create user profiles from technology data that will help it develop and market financial products according to customers’ lifestyles, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Consumers are now more loyal to payment methods than to merchants — meaning retailers can no longer afford to guess which payment types matter to customers. In the latest U.S. Open Banking Tracker, Imran Haider, head of open banking at Wells Fargo, explains how open...
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