September 21, 2021
HCL, Lendico Team on ‘Complete Business Banking’ for SMBs
HCL Technologies, a technology company, is partnering with Lendico to deliver application and engineering tools to make a new digital platform to boost business banking, according to a press release....
September 21, 2021
EU Banking Authority Urges Regulators to Study Risks of Banks,...
The increasing links between financial institutions and Big Tech, particularly in cloud computing, is alarming — and regulators need to sit up, the European Banking Authority (EBA) warned on Tuesday...
September 21, 2021
Marqeta, Figure Team on BNPL POS Solution
Card-issuing platform Marqeta is providing the FinTech Figure with technology that will let users of the Figure Pay product decide at cash registers whether to spend their own money or...
September 21, 2021
Salesforce Ventures Backs Indian FinTech Razorpay
Salesforce Ventures, the investment arm of U.S. cloud-based software company, has invested an undisclosed amount in Razorpay, Livemint reported Tuesday (Sept. 21). Get the Full Story Complete the form to...
September 21, 2021
HSBC Says it Supports CBDC with Regulations
Banking and financial institution HSBC has come out in support of central bank digital currencies (CBDCs), a company insight article says, adding that they must be handled safely with regulations....
September 21, 2021
JPMorgan Chase Buys College Aid Platform Frank
JPMorgan Chase has acquired online college planning platform Frank, according to a CNBC report Tuesday (Sept. 21), adding tools to help more than 5 million students at 6,000 colleges and...
September 21, 2021
U.K. Digital Bank Monzo Enables Card Payments from Earmarked Savings
London-based FinTech company Monzo, in an effort to simplify the bill-paying and household budgeting process, has made it possible for account holders to make card payments from their various “pots,”...
September 21, 2021
PayPal’s New Super-App Positioned to Deliver Next-Level Connected Experience
With news breaking Tuesday (Sept. 21) that PayPal is launching its much-anticipated new super-app, market watchers see this as a defining moment in the progression of both the fragmented app space and the rise of a connected economy encouraging ever more integrated models....
September 21, 2021
Banking Bosses Opposed to Basel Crypto Mandates
Banking bosses from the largest financial institutions in the U.S. and Europe have voiced their opposition to the cryptocurrency mandates handed down by the Basel Committee for Banking Supervision (BCBS),...
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.
Digital bank users are signaling a shift that could reshape how everyday payments move. New PYMNTS Intelligence research conducted with Trustly shows that, under the right conditions, this mobile-first segment is ready to move a meaningful share of transactions away from cards and toward Pay by Bank. Get the details in “Pay by Bank Deep Dive: Digital Bank Users Are Ready to Switch.”