Open banking platform Tink is rolling out a new service in the U.K. that enables lenders to verify a person’s income using real-time data from their bank account, streamlining the entire verification process. Get the Full Story Complete the form to unlock this article and...
Companies want many of the embedded finance options that FinTechs offer, and APIs and open banking help banks give their corporate clients the best of both worlds. In the Next-Gen Commercial Banking Tracker, Bank of Montreal’s Sean Ellery explains how they’re using open banking APIs...
American banks closed a record number of retail branches as the industry consolidates and consumers embrace digital banking. 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...
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United Kingdom-based peer-to-peer (P2P) lender Zopa has hit 1 billion pounds ($1.36 billion) in customer deposits 18 months after becoming a bank, according to a company announcement emailed to PYMNTS on Wednesday (Jan. 19), noting it’s aiming to reach 2 billion pounds ($2.73 billion) in...
New York-based commercial bank Signature Bank on Tuesday (Jan. 18) unveiled the pricing for its underwritten offering of 2.1 million shares of common stock at $352 per share. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Truist Financial Corporation is set to launch two new checking accounts with no overdraft fees, making it the latest in a series of banks to move away from this lucrative income source. Get the Full Story Complete the form to unlock this article and enjoy...
Digital finance firm SoFi Technologies was granted approval to become a national bank pending its acquisition of Golden Pacific Bancorp (GPB), according to a press release on Wednesday (Jan. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Nordic FinTech Lunar has selected cloud-native core banking tech Thought Machine to modernize its system and develop new services, the companies announced Tuesday (Jan. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
