What good is an AI-powered insight if core banking systems do not know how to act on it in real time? In the new Digital Banking Tracker, Jeremy Balkin, HSBC’s head of innovation, explains how a combination of AI and human insights can boost a...
Standard Chartered announced Thursday (Jan. 31) that it has kicked off the second phase of its initiative to roll out a digital-only retail bank in Africa. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
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...
Bank of America is giving free trades to its most loyal members, according to a report by Bloomberg. The bank will expand the eligibility for free trades on stocks and exchange-traded funds to the upwards of 5.25 million customers enrolled in the bank’s preferred rewards...
SWIFT, a leader in secure financial messaging services, said that it facilitated an average of 31 million messages a day in 2018, an increase of 11 percent over 2017, and 56 percent over the last five years, according to a press release. Get the Full...
At a time when the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. are looking at giving federal bank licenses to FinTechs, the Federal Reserve isn’t keen on giving them access to the financial infrastructure. Get the Full Story Complete...
N26, the European mobile bank operator, announced Thursday (January 10) that it has raised $300 million in venture funding, led by Insight Venture Partners. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
When Chime’s Co-founders Chris Britt (CEO) and Ryan King (CTO) first set out to start a web bank, it was with one idea in mind: offering middle-class consumers a good deal. It was something that was surprisingly hard for them to find in mainstream banking. Get the...
In Australia, time for a purely digital bank? Cuscal is putting tech and funding behind 86 400, a bank done in bits and bytes, that looks to challenge the traditional banking model. Craig Kennedy, Cuscal managing director, weighs in on why AI and mobile, combined, can...
