United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. Low interest rates, he said, were the main enticement for people to come and join a new bank — but they would be obsolete...
Ahead of its scheduled congressional hearings in the coming week, Wells Fargo & Co. debuted the concept of two new bank accounts that set limits on the amount of fees that can be charged to customers. One account will limit overdraft fees to once per month and...
Google, Amazon and Apple already loom large in nearly every area of consumers’ lives, whether in the form of smart speakers, cloud-computing or content streaming services — just to name a few. Yet, what if these companies extended their presence into banking by offering accounts...
British digital bank Monzo, expanding fast, wants to hire up to 500 people and (hopefully) reach 5.5 million users this year. The bank is also preparing to try charging customers again to turn a profit. Monzo, a loss-making firm launched in 2015, has burned through...
December 18, 2019
For corporates, moving money across borders is linked to no shortage of friction points, particularly as businesses elevate their demands for speed, visibility and predictability in their transactions. However, friction breeds opportunity for innovation, with traditional financial service providers and FinTech firms stepping in to tackle businesses’ biggest payment pain points. Citi is one of […]
November 27, 2019
It’s not easy being small — especially in business, and often when it comes to banking and payments. The bigger players take up more space at the table, and, for...
June 05, 2019
Today (June 5), Visa and Western Union struck a strategic agreement to move money between consumers focused on expedited remittances. Bill Sheley, global head of push payments at Visa, tells...
May 22, 2019
The customer journey in banking begins with offering a wealth of data when opening an account. As Jim Priestley, chief revenue officer at Feedzai, tells PYMNTS, mobile banking is changing...
July 16, 2020
U.K. digital bank Monzo is taking another crack at offering premium online consumer banking accounts with features designed to help account holders create — and abide by — budgets. The new options allow customers to create personalized categories to track transactions, round up charges to divert extra funds to savings accounts and split up single […]
June 08, 2020
United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. Low interest rates, he said, were the main enticement...
March 03, 2020
Ahead of its scheduled congressional hearings in the coming week, Wells Fargo & Co. debuted the concept of two new bank accounts that set limits on the amount of fees that can...
February 17, 2020
British digital bank Monzo, expanding fast, wants to hire up to 500 people and (hopefully) reach 5.5 million users this year. The bank is also preparing to try charging customers...
