The British bank HSBC said Friday it has agreed to sell its French retail bank to the Cerebus-backed My Money Group at a loss of $2.3 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Democrats in New York sent a letter to JPMorgan Chase CEO and Chairman Jamie Dimon asking that the bank return the $1.5 billion it collected in overdraft fees over the course of the COVID-19 pandemic — more than any other bank. Get the Full Story Complete the...
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In today’s top news in digital-first banking, 10x Future Technologies has closed a Series C funding round, while Unit has raised funds in a Series B round. Plus, Nutmeg will soon become part of J.P. Morgan Chase. Get the Full Story Complete the form to...
Like many financial innovations, open banking still seemed exotic in 2018 when momentum began building. What the sector didn’t foresee was a global crisis propelling the need for new forms of digital “anywhere” payments and finance that pushed fast-forward on open banking. Get the Full...
When the pandemic is finally in the rearview mirror, the shift to digital banking will stick. 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...
In today’s top news in digital-first banking, Novo has notched $40.7 million in venture capital, while India’s FamPay has landed $38 million in venture capital. Plus, Mexican FinTech Credijusto has purchased Mexico City-based Banco Finterra. Get the Full Story Complete the form to unlock this...
In today’s top news in digital-first banking, LetUs By RentMoola has collaborated with CheckAlt, while Hanseatic Bank has unified its authentication processes with help from Entersekt and Netcetera. Plus, DailyPay is working with PNC Bank and The Clearing House on real-time payments of earned income....
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