Financial Institutions/page/3 news and trends

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

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 signals around corporate spending. But every business is different — and sometimes a black swan will rear its head. That’s...

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

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 offer automation tool created specifically for FIs, the company said in a news release Monday (July 22). “Unlike other conventional,...

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

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 the joint efforts of traditional financial institutions (FIs) and third parties to bring those innovations to the mass market. But...

Trending: Banking Execs Warn House Financial Services Hearing of Regulatory ‘Ambiguity’
Bank Regulation // July 12, 2024

Prudent regulation is needed in helping to define the risks and rewards in emerging partnerships between financial institutions and banks — but current regulatory efforts may be too vague, critics charged at a Congressional hearing held Friday (July 12). A “field hearing” held by the...

Interviews & Exclusives
FedNow’s First Year: Path to Critical Mass Requires Time and Education

July 24, 2024
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 up and connect to the new rails. Seth Perlman, global head of product for i2c, told PYMNTS that the sign-ups bode well for faster payments — but getting to 7,000 […]

Trending: Banking Execs Warn House Financial Services Hearing of Regulatory ‘Ambiguity’

July 12, 2024
Prudent regulation is needed in helping to define the risks and rewards in emerging partnerships between financial institutions and banks — but current regulatory efforts may be too vague, critics...

Winning Top Of Wallet: How Financial Institutions Compete in the Embedded Finance Era

July 12, 2024
Past performance doesn’t always guarantee future results, but it can inform them. That’s particularly evident when it comes to the payments and commerce landscape, which has witnessed a sea of...

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...

Quick Reads
SavvyMoney Debuts Personalized Loan Offer Automation Tool

July 22, 2024
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 offer automation tool created specifically for FIs, the company said in a news release Monday (July 22). “Unlike other conventional, single-stop pre-qualification solutions in the market, Get My Rate allows […]

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...

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...