Financial Institutions news and trends

New Report: Younger Consumers Could Make Buying Insurance From a Financial Institution Cool
Insurance // June 06, 2024

Most consumers get their insurance from various providers, but data shows that consumers want to simplify the process. PYMNTS Intelligence finds that 44% of all consumers would turn to their financial institutions (FIs) for these needs. Younger consumers are particularly keen on shopping for these...

VoPay Debuts Cash Management Platform TXB
B2B Payments // May 29, 2024

Embedded payments technology company VoPay has debuted a digital transaction and cash management platform. Dubbed TXB, the platform is designed to help banks and credit unions launch “API-first transaction banking and cash management services,” VoPay said Wednesday (May 29). “In the rapidly evolving landscape of...

Opus Technologies Launches Payment Integration Framework for Financial Institutions
Payments Innovation // May 21, 2024

Opus Technologies has launched a payment integration framework designed for financial institutions. The new Paysemble helps financial institutions simplify technology adoption, migration and integration and ensure seamless operations, the company said in a Tuesday (May 21) press release. “Customers today expect a seamless and intuitive payment experience,” Opus CEO Praveen...

Atomic Launches Subscription Management Tech for Banking Apps
Subscription Commerce // May 21, 2024

Atomic has launched a subscription management technology that can be added to banking apps. With the addition of PayLink Manage, financial institutions can enable their account holders to view and make real-time changes to all their recurring payments — all within their banking app, the company said in a...

Interviews & Exclusives
Buy Insurance Through Banks? Gen Z Says Yes

June 17, 2024
Forty-four percent of U.S. consumers are interested in purchasing insurance products directly through their financial institutions (FIs), and this interest is especially strong among younger consumers and those with higher incomes. These are just some of the key findings included in PYMNTS Intelligence’s, “Why Consumers Are Looking to Financial Institutions for Insurance,” a collaboration with […]

Splitit Gives Banks New Checkout Experience to Reclaim Pay Later Space

May 10, 2024
Financial institutions (FIs) looking to get a piece of the action in the buy now, pay later (BNPL) space might be wise to investigate their timing. As FIs have struggled...

Mastercard: ‘Movies’ Not ‘Snapshots’ of Consumer Behavior Help Banks Counter Scams

May 01, 2024
Scams, regrettably, are a feature — not a bug — of modern, digital payments and commerce.  And in an era where technology has become increasingly sophisticated, so too have the...

Cautionary ‘Tale of Two Consumers’ Dials Up Personalized Approach to Financial Wellness

April 30, 2024
Not all that long ago, as Doug Brown, chief product officer, NCR Voyix Digital Banking, observed, credit unions and banks had a rather simple approach to financial wellness. The old-school playbook,...

Quick Reads
VoPay Debuts Cash Management Platform TXB

May 29, 2024
Embedded payments technology company VoPay has debuted a digital transaction and cash management platform. Dubbed TXB, the platform is designed to help banks and credit unions launch “API-first transaction banking and cash management services,” VoPay said Wednesday (May 29). “In the rapidly evolving landscape of transaction banking, businesses demand solutions that are efficient, agile, and […]

Opus Technologies Launches Payment Integration Framework for Financial Institutions

May 21, 2024
Opus Technologies has launched a payment integration framework designed for financial institutions. The new Paysemble helps financial institutions simplify technology adoption, migration and integration and ensure seamless operations, the company said in a...

Atomic Launches Subscription Management Tech for Banking Apps

May 21, 2024
Atomic has launched a subscription management technology that can be added to banking apps. With the addition of PayLink Manage, financial institutions can enable their account holders to view and make real-time changes to...

Paymentology and Audax Partner on Cards-as-a-Service Solution

May 15, 2024
Paymentology and Audax Financial Technology have partnered to enable financial institutions in Southeast Asia and the Middle East to launch and manage their own branded card program. With the Cards-as-a-Service (CaaS)...