In an effort to take advantage of mobile phone penetration, Postbank Kenya has launched a new banking service. The mobile offering, which is called M-Chama, is geared toward small groups, KBC reported. Get the Full Story Complete the form to unlock this article and enjoy...
Grasshopper, a new bank challenger in New York, is gearing up to go after the banking industry, reported FinTech Futures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
As mobile commerce and apps become more sophisticated (cooler, perhaps), it can be easy to look down on the contribution of banks to this expanding digital ecosystem. Banks, after all, are virtually ancient, and represent something older than even the rotary phone. However, banks — as...
India Post Payments Bank (IPPB) is set to open a branch in every district on Aug. 21 to provide financial services in rural areas. IPPB, a subsidiary of India Post, launched last year with pilot services in Raipur and Ranchi. The financial institution (FI) is...
Wells Fargo, the embattled national bank, disclosed in a Securities and Exchange Commission filing that hundreds of individuals saw their homes in foreclosure because of a glitch in software the company used. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Sen. Cory Booker has proposed legislation that would prohibit financial institutions from charging overdraft fees on debit card transactions and ATM withdrawals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Deutsche Bank, more than a year after being hit with a fine of close to $700 million for enabling money laundering, has discovered more issues in its ability to completely identify clients and where their money is coming from. Get the Full Story Complete the...
U.K. financial institution Lloyds was criticized by lawmakers Monday (July 30) over its program to compensate small business victims of fraud related to the bank’s HBOS unit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Cabot Square Capital, a U.K. financial services firm, on Wednesday (July 25) sold its entire stake in 321 Crédito, a Portuguese consumer finance lender, to Banco CTT, the bank run by Portugal’s privatized national postal service. Get the Full Story Complete the form to unlock...
