Real-time payments move money faster, and they remove the window to recover it. Transactions sent over instant rails are irreversible. Once funds leave an account, they cannot be recalled, leaving institutions with no way to claw the money back. The problem is compounding. PYMNTS Intelligence...
Adding a FinTech partner has become much easier than managing dozens of them over time. To that end, banks and credit unions have been relying on outside providers for everything from payments and digital onboarding to fraud prevention and data analytics. Get the Full Story...
The sale of British digital lender Atom Bank is reportedly in danger of falling through. 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 Today....
Federal Reserve Vice Chair for Supervision Michelle W. Bowman has completed a reorganization of the agency’s bank oversight unit that she announced in October, Bloomberg reported Wednesday (June 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Green Dot has moved one step closer to separating its banking and FinTech operations. 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 Today....
Happen, formerly known as LendingClub, has announced the official launch of its digital bank. 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...
Private capital asset manager Pollen Street plans to acquire Finastra’s global core banking software business, Universal Banking (UB), and support UB as it becomes a standalone business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The European Union is preparing to make it easier for banks to move funds between EU member states, the Financial Times reported Thursday (June 18), citing a leaked report from the European Commission that is set to be released in July. Get the Full Story Complete the form to unlock...
NatWest CEO Paul Thwaite said artificial intelligence (AI) is going to change the bank’s workforce, though he didn’t say whether it would reduce the size, Finextra reported Friday (June 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
