Social Finance, otherwise known as SoFi, the student loan online lender, is giving up on its hopes to become a bank for now. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In the wake of the massive hack of Equifax, U.S. banks are leveling up their anti-fraud game in response to the fact that 143 million Americans have now had their official data stolen. That is about half of the population of the U.S. — and...
From an acronym known mostly by programmers in the early 2000s to something thousands of innovators have embraced to ignite numerous innovative solutions, it’s been an electric journey for the application program interface (API). Get the Full Story Complete the form to unlock this article...
Wells Fargo’s third-quarter earnings report was marked with mixed results on Friday (Oct. 13), as the beleaguered bank — rocked by scandals tied to sales activities and fake account openings, among other practices — missed top-line estimates but beat on earnings per share. Get the Full Story...
On Wall Street, you are only as good as your last trade. 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...
Bank of America may have held the top spot in terms of bank deposits in the U.S. for close to two decades, but rival JPMorgan Chase was finally able to dethrone its rival. Get the Full Story Complete the form to unlock this article and...
As of this morning, SWIFT and EBA Clearing have announced news that users of the RT1, EBA’s instant payment system, will be able to access the platform via SWIFTNet Instant starting Nov. 2018. Get the Full Story Complete the form to unlock this article and enjoy...
Kasisto, the AI chat technology company, announced Wednesday (Oct. 4) that TD Bank, a financial company in North America, is using the company’s conversational AI platform, KAI Banking, to create customer-focused experiences for its clients. Get the Full Story Complete the form to unlock this...
To modernize payments is no small task. That’s especially true for banks. Cheryl Gurz, CGI’s payments solutions director, weighs in on what works when innovation is a necessity rather than a luxury. First steps: Get a roadmap in place that moves beyond the legacy systems...
