Diem may be a shadow of what some proponents promised it would be back in 2019 — namely, a seismic shift for the monetary system itself. What once was billed as a “new” currency, via global stablecoin to be composed of a “basket” of multiple...
Here’s another icy factoid from the year of COVID: up to 20,000 bank branches are expected to close before the pandemic is declared done. It’s triggered a remaking of the entire sector. Delving into fallout from an extraordinary global health crisis, PYMNTS December 2020 Digital-First...
The ongoing pandemic has drastically changed day-to-day life and generated economic turbulence the world will feel for years to come. The banking industry is hardly exempt from the disruption as social distancing and stay-at-home orders have all but emptied physical bank branches to mitigate potential...
In today’s top news in digital-first banking, the Financial Crimes Enforcement Network (FinCEN) has issued a warning about COVID-19 vaccine scams and cybersecurity, while J.P. Morgan Chase has agreed to purchase cxLoyalty Group Holdings’ rewards division. Plus, the U.S. Securities and Exchange Commission’s lawsuit against Ripple...
Banks are fast-tracking digital-first banking solutions, but customers used to walking into a branch struggle to adapt, says CarrieAnne Cormier, senior vice president of retail operations and strategy for Avidia Bank. In the Digital-First Banking Tracker, Cormier explains how a cross-channel approach can help these...
The pandemic’s end is finally in sight as vaccines are approved and distributed, but the financial industry is not out of the woods yet. More than 20,000 bank branches in the United States are expected to close by end of the year, and four U.S....
In today’s top news in digital-first banking, Goldman Sachs is testing out a wealth management program for the general public, while PayPal will allow customers to cash in their next stimulus checks without a fee. Plus, the State Bank of Pakistan (SBP) is eyeing the...
In today’s top news in digital-first banking, a former Citigroup executive has joined J.P. Morgan Chase to lead Channels, while results from the Survey of Consumer Expectations (SCE) Credit Access Survey were released. Plus, Plastiq has grown its platform with an offering that will let...
In today’s top news in digital-first banking, FIS is working with Quontic Bank on the Bitcoin Rewards Checking Account, while Aeldra has chosen i2c Inc. to power its digital private banking offerings. Plus, Barclaycard is launching a Barclaycard Precisionpay Go system to let companies issue...
