July 18, 2024
Brightfin Debuts Gen Z-Focused Financial Wellness App
Brightfin has debuted its financial wellness app, aimed at helping younger consumers. “Younger generations think about money differently. Gen Z and Millennials don’t necessarily have the same life goals as their...
July 18, 2024
Coast Raises $40 Million to Expand Solutions for Fleet Payments
Coast has raised $40 million in new Series B financing to accelerate adoption of its solutions for fleet payments. The company will use the new funding to grow its team,...
July 18, 2024
Physical Cards: The Unexpected Frontier in Digital Security
Dr. Adam Lowe, chief product and innovation officer at CompoSecure, hears it all the time from banking executives when the topic is securing payments: “We cannot introduce friction.” But the...
July 17, 2024
OCC Comptroller Hsu: Political Polarization Poses Long-Term Risk to Banking
Political polarization presents a long-term risk to banking, Acting Comptroller of the Currency Michael J. Hsu said Wednesday (July 17). The Office of the Comptroller of the Currency (OCC) has seen a...
July 17, 2024
Barclays US Consumer Bank Launches Savings Product With Tiered Rates
Barclays US Consumer Bank has launched a savings product that provides higher rates on higher balances. The new Barclays Tiered Savings product aims to offer customers additional value and bolster...
July 17, 2024
Cloud Security 101: Treasury Releases Essential Guidelines for FIs
Today’s digital landscape has transformed the operational calculus for financial institutions (FIs) and corporations. And with the news Thursday (July 17) that the U.S. Department of the Treasury and the...
July 17, 2024
BNPL Firms Ask for 5 More Months to Prepare for...
The end of the month is speeding toward the buy now, pay later (BNPL) industry — and with it, new rules and regulations regarding consumer disputes and new operational burdens...
July 17, 2024
Web3 This Week: BlackRock CEO Calls Bitcoin ‘Legitimate,’ Mainstream Off-Ramps...
Traditional financial operations are centralized, regulated and audited. Blockchain technology and cryptocurrencies are, well, pretty much the opposite, relying instead on cryptographic algorithms and decentralized consensus mechanisms to secure transactions....
July 17, 2024
Matera Gets $100 Million to Expand Banking Software Footprint
Banking software provider Matera has landed a $100 million investment from growth investor Warburg Pincus. The new funding, announced in a news release Wednesday (July 17), will help finance Matera’s...
Nearly all banks view FinTech partnerships as important, but the partnership dynamics will be put to the test as new open banking regulations go into effect in 2024. In the “FinTech Tracker®,” a collaboration with Sezzle, PYMNTS examines what will be required as banks and FinTechs will rely on each other for data sharing and compliance.
One-Third of Credit Union Members Would Leave for Better Credit Products
Consumers are on the hunt for better access to credit and financing, and they’re not afraid to shop around to find the FI providing the lowest rates and most convenient offerings. PYMNTS’ latest study of more than 4,000 consumers and 154 FinTech and CU execs reveals what CUs can do to win — and keep — consumers’ business. Read more in Credit Union Innovation: How Credit Products’ Rates and Terms Impact FI Selection,” a collaboration with PSCU.