July 01, 2024
Circle Attains EMI License From France, Achieves MiCA Compliance
Circle has attained an Electronic Money Institution (EMI) license from the French banking authority, thereby achieving compliance with the European Union’s (EU) Markets in Crypto-Assets (MiCA) regulatory framework. With this license from...
July 01, 2024
Thread Bank Responds to FDIC Enforcement Action
2024 is fast becoming the summer of consent orders for smaller banks. That’s because, with the news Friday (June 28) that Tennessee-based Thread Bancorp is now the latest financial institution...
July 01, 2024
FedEx’s Performance Saves the CE 100 Index From Decline as...
It was a flat week at the end of a flat month for Wall Street as well as the CE 100 Index. The week ending June 28 saw a slight...
June 28, 2024
Comfi Secures $5 Million Debt Facility to Expand B2B Payments
Dubai-based FinTech Comfi reportedly secured a $5 million debt facility to expand its B2B payment platform and support its launch of an embedded buy now, pay later (BNPL) solution. The...
June 28, 2024
Making Sense of the FASB’s Proposed Business Software Accounting Changes
Tax rules for businesses around their software costs haven’t changed in nearly half a century. But over the past few decades, nearly everything we know about software — as well...
June 28, 2024
Acquisitions Dominate FinTech IPO Headlines as Index Climbs 2.2% for...
The FinTech IPO Index climbed 2.2% this week as a spate of acquisitions dominated the headlines headed into the end of the second quarter. One of those acquisitions came from...
June 27, 2024
Chime Acquires Salt Labs, Launches Business Unit Focused on Employers
Chime has acquired Salt Labs to accelerate Chime’s growth through the employer channel. The resources of Salt Labs, an enterprise technology company whose flagship product is an employee rewards benefit, will...
June 27, 2024
This Week in B2B: Digital Innovation, Data-Driven Insights, FinTech Partnerships
Interoperability is viewed by many to be the holy grail of business-to-business (B2B) innovation. By enabling systems to work together seamlessly, businesses can reduce costs, improve accuracy, enhance security, and...
June 27, 2024
Velera Launches Project Management Platform for Credit Unions
Credit union service organization Velera is rolling out a new onboarding and project management platform. Formerly known as PSCU/Co-op Solutions, Velera said in a Thursday (June 27) news release that...
With nearly half of CU executives saying a lack of resources prevent them from bringing innovations to market, CUs are stuck piloting the digital innovations their members crave — and are willing to switch FIs for. The rise of strategic mergers is a way that some CUs are exploring to pool resources, innovate and drive scale. Read more in the “Credit Union Tracker®,” a collaboration with PSCU.
To drive growth and reduce churn, credit unions should invest in digital solutions that improve user experience, offer robust security features, and provide convenient self-service options tailored to the preferences of Gen Z and millennial consumers. PYMNTS Intelligence’s latest 40-page report,“How CUs Can Drive Engagement with Self-Service Banking Innovation,” a collaboration with Velera (formerly PSCU/Co-op Solutions), examines why CUs need to up their self-service banking innovation.