The U.K.’s Competition and Markets Authority (CMA) is ordering Barclays to improve its treatment of small and medium-sized businesses (SMBs) after the financial institution reportedly admitted to initially failing to change practices to comply with CMA requirements. Get the Full Story Complete the form to...
President Trump has made two new nominations to the U.S. Federal Reserve. 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...
Internal auditors at Deutsche Bank found weaknesses in anti-money laundering processes resulted in checks and high-value electronic payments being processed without undergoing the proper vetting. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Open Banking is brand new, but maybe not. Token.io Limited CEO Steve Kirsch tells Karen Webster that there are limitations with PSD2 amid a lack of API standardization. There’s precedent in the World Wide Web when it comes to having the most open protocols in accessing financial...
International Monetary Fund Managing Director Christine Lagarde issued a warning over the weekend about the impact artificial intelligence may have on the financial system across the globe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
China’s central bank announced over the weekend it plans to use several tools to keep liquidity in the market and that it will provide liquidity support to small and medium-sized banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A hundred billion here, a few hundred billion there, and pretty soon it all starts to add up. 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...
It’s not just technology that moves the world. Culture plays a huge role — as well as the sparks that often come from the tension when cultures clash. That promises to be the case going forward with Open Banking, as financial institutions (FIs) pick partners...
China’s Central Bank said over the weekend that there won’t be any more takeover of banks after the government’s intervention with Baoshang Bank, an Inner Mongolia-based bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
