PYMNTS-MonitorEdge-May-2024

financial institutions

NCR Voyix: $2.5 Billion Sale to Veritas Verifies Digital Banking’s Long-Term Potential
NCR Voyix: $2.5 Billion Sale to Veritas Verifies Digital Banking’s Long-Term Potential
August 07, 2024  |  Digital Banking

Publicly traded companies are marked to market each and every day. And when quarterly results roll in, investors parse the data, the top line and...

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Banks Eye BNPL as Way to Reach Gen Z
Banks Eye BNPL as Way to Reach Gen Z
August 07, 2024  |  Buy Now Pay Later

As the financial landscape continues to evolve, traditional banks face an increasing challenge from digital-native FinTechs. The recent surge in buy now, pay later (BNPL)...

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Blend and Astra Partner on Card Funding of Deposit Accounts
Blend and Astra Partner on Card Funding of Deposit Accounts
August 05, 2024  |  Partnerships

Blend and Astra have partnered to enable financial institutions to add card funding to their deposit accounts. With this collaboration, financial institutions that use Blend’s platform for...

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CSI Unveils Developer Portal for Community Banks
CSI Unveils Developer Portal for Community Banks
July 30, 2024  |  Banking

Financial software provider CSI has debuted a developer portal for community banks. “In addition to a growing list of integrated fintechs and integrators, CSI community...

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US Regulators Issue Joint Statement on Bank-FinTech Partnerships
US Regulators Issue Joint Statement on Bank-FinTech Partnerships
July 26, 2024  |  Bank Regulation

Three federal bank regulatory agencies said Thursday (July 25) that they are considering “additional steps” to ensure banks effectively manage risks associated with bank-FinTech arrangements....

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FedNow’s First Year: Path to Critical Mass Requires Time and Education
FedNow’s First Year: Path to Critical Mass Requires Time and Education
July 24, 2024  |  Digital Payments

A year after its launch, the FedNow® Service, the instant payment service introduced by the U.S. central bank last July 20, has seen 900 banks sign...

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Capital One’s Profit Eroded by Walmart Deal Collapse, Discover Uncertainty
Capital One’s Profit Eroded by Walmart Deal Collapse, Discover Uncertainty
July 23, 2024  |  Earnings

It’s earnings season for America’s biggest financial services companies and institutions. So far, the common theme has been a softening of consumer credit and mixed...

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SavvyMoney Debuts Personalized Loan Offer Automation Tool
SavvyMoney Debuts Personalized Loan Offer Automation Tool
July 22, 2024  |  Loans

Credit score solutions company SavvyMoney has debuted an offer automation tool for financial institutions (FIs). The offering, dubbed “Get My Rate,” is the first personalized...

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Open Banking Faces Challenges as Banks Urge Delay in New Data Rules
Open Banking Faces Challenges as Banks Urge Delay in New Data Rules
July 19, 2024  |  Bank Regulation

Open banking, as it emerges more fully in the United States, promises to bring personalized services and products to customers, expanding financial access. Data underpins...

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