banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

Memo to Lenders: Go Digital or Go Home
Memo to Lenders: Go Digital or Go Home
September 17, 2024  |  Loans

The benefits of swapping analog, manual processes for digital ones are obvious. But that doesn’t mean they don’t bear repeating — especially against a backdrop...

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84% of Bank Account-to-Account Users Satisfied With Platforms’ Speed and Use
84% of Bank Account-to-Account Users Satisfied With Platforms’ Speed and Use
September 17, 2024  |  Banking

As open banking begins to reshape the financial landscape, the promise of enhanced consumer experiences and innovative services looms large. But a PYMNTS Intelligence report,...

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Lawmakers Question Banking Agencies’ Ties to ‘Opaque’ Global Organization
Lawmakers Question Banking Agencies’ Ties to ‘Opaque’ Global Organization
September 16, 2024  |  Regulation

Two U.S. lawmakers want the Government Accountability Office (GAO) to help them evaluate the memberships of federal banking agencies in a global governance body, the...

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Consolidation Trend Puts Bank-FinTech Partnerships in New Light
Consolidation Trend Puts Bank-FinTech Partnerships in New Light
September 16, 2024  |  Partnerships

Good things tend to consolidate as the cream rises to the top. The FinTech sector has seen meteoric growth over the past decade, disrupting traditional...

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60% of Millennials Primarily Use Mobile Banking Apps
60% of Millennials Primarily Use Mobile Banking Apps
September 16, 2024  |  Digital Banking

The surge in digital banking has redefined the financial services landscape, appealing particularly to tech-savvy younger generations. As digital transactions and mobile apps become commonplace,...

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Barclays Reportedly Struggling to Sell Merchant Payments Stake
Barclays Reportedly Struggling to Sell Merchant Payments Stake
September 15, 2024  |  Banking

Barclays is reportedly having trouble unloading a stake in its U.K. merchant payments unit. That’s according to a report Friday (Sept. 13) by Reuters, which...

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85% Of Gen Z Prefers Digital Payments to Cash
85% Of Gen Z Prefers Digital Payments to Cash
September 13, 2024  |  Digital Payments

The financial sector is at a pivotal moment, driven by a shift in consumer preferences and technological advancements. A PYMNTS Intelligence report “Tapping Into the...

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Wells Fargo Pledges to Fix AML Program After OCC Agreement
Wells Fargo Pledges to Fix AML Program After OCC Agreement
September 12, 2024  |  Bank Regulation

Trouble with federal regulators continues for Wells Fargo. The Office of the Comptroller of the Currency (OCC) said Thursday (Sept. 12) that it has signed...

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UK’s Smaller Banks Could Benefit From New Capital Rules
UK’s Smaller Banks Could Benefit From New Capital Rules
September 12, 2024  |  Banking

New capital requirements could help Great Britain’s smaller lenders compete in the country’s mortgage market. That’s according to a report published by Reuters on Thursday...

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