Wells Fargo is re-shuffling the deck after a huge scandal last year left the bank playing 52-card pickup. Under the watch of the former head of the retail business, Carrie Tolstedt, employees created as many as 2.1 million fake accounts in customers’ names to meet...
Deck: Banks are evolving – and just into what can be anyone’s guess, amid FinTech and the demands of younger consumers (we’re looking at you, Millennials). Troy Cullen, president of Elan Financial, weighed in on how banks can gain customer loyalty – even if those...
Going forward, BoA has announced it will be working with financial data aggregators to give their customers a greater ability to connect their banking information with third-party financial management applications. According to spokesperson Michelle Moore, the move comes as part of the bank’s API strategy...
YES BANK, the fifth largest private bank in India, announced Wednesday (May 24) the launch of SIMsePay, a feature that lets any account holder conduct money transfers, pay utility bills and other mobile banking services without the need for a mobile phone or Internet access....
Digital payments have become big business in India since the government moved to ban high-value banknotes late last 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...
"Simple digital onboarding at the ‘touch of a thumb.’ Instant access to a slew of hard-to-access data. Real-time credit decisions. Personalized customer acquisition. Nope — that’s not an alt lender, but traditional banks, if Numerated Growth Technologies CEO Dan O’Malley has anything to say about it....
Brazil is seeing a boom in financial technology, which, according to a new Goldman Sachs report, will chip away at the market share of the banks in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
JPMorgan Chase customers nationwide were prevented last week from making chase online and mobile payments due to unspecified technology issues. According to American Banker, services including bill pay and Chase Online QuickPay — the company’s peer-to-peer payment service — went down around 4:00 p.m. on...
Until very recently, the tenor of the relationship between financial services startups and mainstream banking was contentious at best and adversarial at worst. The primary narrative about the future of financial services contributed to a majority of that — the banks were the old way of...
