The first online bank in Hong Kong, ZA Bank, opened on Tuesday (March 24), according to reports. The bank is a unit of China’s ZhongAn Online P&C Insurance Co. Ltd. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
London-headquartered FinTech Revolut is launching its app-based digital-only bank in the U.S. after attracting more than 10 million customers across Europe and the U.K. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Consumers depend on ATMs but like any mechanical device, they can break down. Rich Johnstun, head of service technology and innovation at Diebold Nixdorf, foresees a future where artificial intelligence (AI) helps to create an individual ATM’s ‘personality’ and determine when it needs maintenance. Here’s...
Noel Quinn has stepped into a full-time job as CEO of HSBC, and his first tasks in that job will involve strategizing around the colossal pitfalls the coronavirus has created over the past several weeks. Get the Full Story Complete the form to unlock this...
The Federal Deposit Insurance Corporation (FDIC) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). Get the Full Story Complete the form to unlock this article...
While fast, explosive and unexpected change is almost impossible to miss — the global domino effect the coronavirus has kicked off being the most obvious recent example — change that happens more quietly and incrementally doesn’t quite set off the same type of alarm bells....
One, a new digital banking service in the U.S., is launching with a focus on helping middle class Americans with their finances in a new way, according to a release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
ICICI Bank in India has announced it will initiate a rescue deal with Yes Bank to the tune of up to 10 billion rupees ($135 million), according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Banking officials are in a panic over the coronavirus as it upturns their revenues, with PJT Partners restructuring specialist Tim Coleman describing the viral pandemic as “like a cross between September 11 and the global financial crisis of 2008.” Get the Full Story Complete the...
