Finzly has launched a new solution designed to help banks of all sizes participate in the embedded banking market. The new Account Galaxy includes virtual account and virtual ledger capabilities, the provider of modern money movement systems to financial institutions said in a Thursday (April 4) press release. “With...
It’s been well-documented that banks and FinTechs have been collaborating together on financial services innovation, where they once were mainly competitors. But for the banks striking partnerships with these digital-only players, regulators are weighing in, which may in result in new approaches to how those...
LendingTree has secured up to $175 million in financing from funds managed by Apollo affiliates. The company, which operates online financial services marketplace LendingTree.com, will draw $125 million of the first lien term loan facility upon funding, using it for general corporate purposes that may include the repayment of...
Dwolla has expanded its partnership with MX Technologies to help enterprises manage money movement. The company’s recently launched open banking services include bank verification and balance check capabilities powered by MX’s instant account verifications (IAV) and account aggregation solutions, the companies said in a Wednesday (March 27) press...
Rich Clow, managing director and head of innovation and strategy, Global Payments Solutions, Bank of America, told PYMNTS that omnichannel demands are pointing banks toward a seamless continuum of digital and brick-and-mortar services. Consumers are indeed embracing their mobile devices and other electronics as key points...
Digital bank Nu Holdings will lower the yield on its high-yield savings accounts in Mexico after the country’s central bank cut its key rate for the first time since 2021. From April 16 through May 23, Nu’s new yield will be 14.75%, Bloomberg reported Tuesday (March 26)....
As they say in horse racing and on Wall Street: You pays your money and you takes your choice. The news that Chime Financial is mulling an initial public offering next year means some is mulling in store for investors. They might be well-served in pondering some...
If video killed the radio star, then what has digitization done to the banking landscape? Well, some observers believe it may have just given the industry a new lease on life. After all, when viewed in light of the financial services sector’s historical association with...
The traditional banking model and business roadmap for financial institutions needs future-proofing. Across today’s financial services landscape, digital increasingly rules the roost — making prioritizing innovation important for long-term success. Staying relevant through innovative services and holistic convenience is frequently the best way to stay...
