“Bank is no longer a place you go — it’s a thing you do,” LendingClub Financial Health Officer Anuj Nayar told PYMNTS in an interview. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The economic principle of replacing existing business processes and models with innovative and more efficient ones is nothing new. In banking, it’s more recently become a burning issue, as banks’ customers and the competition have accelerated the need to think that way: a model that...
Have phone, will bank. At least that’s the theory given the right set of financial products and services. 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...
Fifth Third Bank has announced a feature giving customers of the bank’s Momentum Checking platform access to early paychecks, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Barely five months after abandoning its bid to buy data Plaid, Visa is again going the data aggregation route — but this time in open banking’s proverbial backyard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Are overdraft fees over? 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 completing this form, you agree to receive marketing...
The British bank HSBC said Friday it has agreed to sell its French retail bank to the Cerebus-backed My Money Group at a loss of $2.3 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Democrats in New York sent a letter to JPMorgan Chase CEO and Chairman Jamie Dimon asking that the bank return the $1.5 billion it collected in overdraft fees over the course of the COVID-19 pandemic — more than any other bank. Get the Full Story Complete the...
Like many financial innovations, open banking still seemed exotic in 2018 when momentum began building. What the sector didn’t foresee was a global crisis propelling the need for new forms of digital “anywhere” payments and finance that pushed fast-forward on open banking. Get the Full...
