Mastercard is leveraging its open banking technology through partnerships announced Tuesday (Oct. 17) to provide flexible and secure lending and payments experiences for consumers and small businesses. By partnering with key players in the ecosystem, such as Worldpay from FIS and Zip, Mastercard is scaling...
JPMorgan Chase is reportedly considering using blockchain technology to create a digital deposit token for faster cross-border payments and settlements, Bloomberg has reported, citing an anonymous source familiar with the matter. Per the Thursday (Sept. 7) report, the U.S. bank has already developed the necessary infrastructure for...
TCM Bank and growth platform LemonadeLXP have teamed to help community banks increase their digital footprint. “TCM is committed to delivering the best cardholder experience for our community bank clients,” C.J. Littrell, executive vice president and chief operating officer at TCM Bank, said in a Tuesday (Sept. 5) news release....
African telecommunications company MTN Group Ltd. is seeking to include up to three more strategic investors in its telecom unit, said MTN Group CEO Ralph Mupita. “We are open to selling up to a maximum of 30% of the FinTech business. There might be three or...
The original venture backers of Canadian eCommerce lender Clearco are reportedly buying a loan made to the company by Silicon Valley Bank (SVB). Inovia Capital and Founders Circle Capital, joined by the still operating venture capital arm of SVB, are buying SVB’s $60 million loan to Clearco, Bloomberg reported Friday (Aug. 4), citing unnamed sources....
Revolut is now offering accounts to non-United States citizens lawfully in the country, who do not have a Social Security number (SSN) or individual taxpayer identification number (ITIN). With this extended availability, the digital banking and lifestyle app can serve the more than 2.5 million people who are...
J.P. Morgan reportedly plans to expand its online banking platform Chase into Germany and other European Union (EU) countries. Preparations for such a move have been reported previously, but CEO Jamie Dimon confirmed the plans for the first time in an interview published Friday (July...
This next installment of PYMNTS’ mini-series on consumer behavior popularized during the pandemic focuses on the rise of digital-only banking. Traditional, brick-and-mortar banking through well-established financial institutions (FIs) was the standard until lockdowns and restrictions swept the globe, driving consumer adoption of online banking platforms...
Digital-only banks may fill the gap between traditional institutions’ low rates and Apple’s reported newcomer wrinkles. As some of Apple’s first set of savings account users are learning, early adopters get the cachet of signing up early — along with the brunt of a new...
