To reflect the upcoming adoption of new accounting standards as well as lower interest rates, U.S. Bancorp cut its growth outlook in the long term. Multiple large U.S. banks have decreased their targets with an economic environment that is changing, the Financial Times reported. Get...
Kill the check. Shutter the branch. Make that leather wallet a mobile one, wielded on smartphones. 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 newsletter, PYMNTS...
Michigan has approved a charter for a new financial institution designed for LGBT customers. 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 newsletter, PYMNTS...
50 years on, ATMs are on the brink of full evolution beyond just existing as cash dispensers. Norbert Knievel, head of banking thought leadership at Diebold Nixdorf, tells Karen Webster that ATMs need to be embedded in the digital strategy of the bank, too, cementing loyalty...
JD.com and the biggest retailer in Thailand, Central Group, have launched a financial services app called Dolfin to help connect with local banks and increase the companies’ online presence, according to a report by Reuters. Get the Full Story Complete the form to unlock this...
A new API standard for the pre-authorization of funds is being rolled out by SWIFT, clearing a path for a revolution in financial services enabled by open banking, the company said in a press release on Thursday (Sept. 5). Get the Full Story Complete the...
Chime, a digital banking startup based in San Francisco, said it has reached a threshold of five million customers and plans to introduce a new overdraft initiative to help them, according to a report. Get the Full Story Complete the form to unlock this article...
India’s shadow banks are struggling as defaults in the country’s credit market have risen. 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 newsletter, PYMNTS...
The European banking app Monese has formed a partnership with cross-border deposits marketplace Raisin, as reported on Tuesday (Sept. 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
