Amid controversy around an anti-money laundering system, Revolut CFO Peter O’Higgins resigned from the firm. O’Higgins didn’t mention the issue in his resignation statement, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Many challenger banks pursue charters to establish themselves as trustworthy institutions and compete directly with legacy FIs. Yet, pursuing charters can be time-consuming, and comes with plenty of pitfalls — some of which can surface even after a charter is successfully acquired. The following Deep...
As Hong Kong gears up to roll out digital banking licenses, a few of the largest banks in the world are set to compete with online firms. The government plans to provide digital banking licenses to companies such as Ant Financial, Tencent, Xiaomi, ZhongAn, and...
Consumers take a somewhat binary view of the features and functions that come packaged as innovative: They either believe those innovations can solve problems and, therefore, embrace them or the consumers go somewhere else that offers legacy features and functions. Get the Full Story Complete...
In Latin America, where roughly 70 percent of the population is unbanked due to traditional banks’ stringent KYC requirements, digital-only challenger banks see an opportunity to increase financial access. In the latest Digital Banking Tracker, Wilobank President Guillermo Francos and systems director Mariano Durán discuss...
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 communications from PYMNTS and...
Lloyds Bank, a British financial institution, has released a new feature to its banking app that will allow customers to see their accounts from other banks together on one screen, according to reports. Get the Full Story Complete the form to unlock this article and...
Bank of America announced on Wednesday (Feb. 6) the launch of Business Advantage 360, a digital dashboard aimed at helping entrepreneurs manage their business finances. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
To fight fraud effectively, financial institutions need to clearly understand it, right down to its DNA. The Digital Banking Tracker's includes a Deep Dive on how banks can use a genetic mapping model as a fraud-fighting strategy.
