August 18, 2024
Denmark Opts for New EU Commissioner, Ending Vestager’s Decade-Long Antitrust...
Margrethe Vestager, the formidable EU antitrust chief known for her aggressive stance against major US tech companies, will not return for a third term as the European Union’s competition commissioner....
August 18, 2024
UK Treasury Wants Revolut to Go Public on London Exchange
The British treasury wants London-based FinTech Revolut to go public in its home country. That’s according to a report Friday (Aug. 16) by the Financial Times (FT), which says the...
August 16, 2024
Mastercard to Cut 3% of Workforce; Will Redeploy to ‘Growth’...
Mastercard reportedly plans to lay off 3% of its global workforce — about 1,000 people — as part of a reorganization it announced earlier this year. Most of the employees...
August 16, 2024
MIT Database and Google’s Assistant Debut as Regulators Eye Apps
From MIT’s artificial intelligence risk database to Google’s enhanced AI assistants, the tech world is abuzz with AI developments promising progress and potential pitfalls. As companies like Anthropic and Google...
August 16, 2024
Revolut Valued at $45 Billion in Secondary Share Sale
Revolut signed agreements with investors for a secondary share sale that values the company at $45 billion. The British FinTech launched the secondary share sale to provide liquidity to employees...
August 16, 2024
Exclusive: Mercado Pago CEO on Building Brazil’s Biggest Digital Bank
Most countries measure banking activity in terms of where and how it happens. Hence distinctions such as in-branch, ATMs, online and mobile. But in Latin America, for all intents and...
August 15, 2024
NIST’s Post-Quantum Cybersecurity Standards Ready for Enterprise Use
As information has become electronic, the encryption of that information has become imperative. And with the news Tuesday (Aug. 13) that, after an eight-year-long process, the U.S. Department of Commerce’s National...
August 15, 2024
PSR Explores Expanding Variable Recurring Payments in UK
Great Britain’s payments regulator has taken another step in its variable recurring payments (VRP) project. In December, the Payment Systems Regulator (PSR) put forth a “call for views,” which included...
August 15, 2024
Real-Time Treasury Transformations Define This Week in B2B Innovation
Technology is transforming the B2B space, not at a trickle but a flood of new, digital innovation. From accounts payable (AP) and accounts receivable (AR) automation to digital payments solutions...
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.