Banking

Banking
Report: Citi Allegedly Broke Fed’s Intercompany Transaction Limits
July 31, 2024

Citigroup reportedly made repeated breaches of a Federal Reserve rule limiting intercompany transactions. 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. By...

Banking
CSI Unveils Developer Portal for Community Banks
July 30, 2024

Financial software provider CSI has debuted a developer portal for community banks. 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. By...

Banking
46% of US Consumers Say They’re Ready for Open Banking
July 30, 2024

As younger and affluent consumers drive the trend, open banking payments stand on the verge of widespread acceptance. This payment method, which allows users to complete transactions directly from their bank accounts using familiar online banking credentials, offers a streamlined alternative to traditional methods by...

Banking
UK’s Open Banking Milestone: What 10 Million Users Mean for UK’s Financial Services Future
July 29, 2024

While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated ten million active users. Is that a good number? Consider two facts before you answer. One: Ten million users is...

Banking
Three Big Shifts for Banking From PYMNTS Intelligence’s Embedded Finance and BaaS Report
July 26, 2024

As the financial services landscape rapidly evolves, traditional banks and financial institutions (FIs) find themselves at a pivotal juncture. The emergence of embedded finance and banking-as-a-service (BaaS) is revolutionizing the industry, pushing banks to adapt or risk being outpaced by nimble competitors from the Big...

Banking
Revolut Finally Lands British Banking License 
July 25, 2024

After a three-year wait, Revolut has secured a banking license in its home country. 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...

Banking
Wells Fargo Won’t Renew Naming Rights on Philadelphia Sports Arena
July 24, 2024

The Wells Fargo Center sports arena in Philadelphia will have a new name late next year. 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...

Banking
Emirates NBD Says Middle East’s Digital-First Approach Forces Treasury Management Change
July 23, 2024

The payments landscape is a global one, meaning winning innovations have boundless room to scale. 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,...

Banking
OCC: Banks Unprepared for Cyberattacks and Other Risks
July 21, 2024

A U.S. banking regulator has reportedly determined that many lenders aren’t prepared for risks. 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...