In the landmark PYMNTS Intelligence study “How the World Does Digital,” thousands of consumers across 11 countries crystallized the continued shift to banking online, especially through mobile channels. Among the consumer that PYMNTS surveyed, 46.8% surveyed said they’d engaged with mobile banking apps at least weekly,...
Stripe’s application for a Merchant Acquirer Limited Purpose Bank (MALPB) charter has been accepted by the state of Georgia’s Department of Banking and Finance, bringing the financial infrastructure giant one step closer to directly accessing payment card networks. In a PYMNTS exclusive, Stripe detailed that...
Digital lending is at a crossroads as financial institutions and banks grapple with modernizing their loan processes, revealing a significant divide between readiness for consumers and small businesses. A recent PYMNTS Intelligence report, “The State of Digital Lending Readiness,” shed light on the varying degrees...
After gaining a restricted banking license in the U.K. in July, Revolut is reportedly working to build out its banking operations there, expand globally and then launch an initial public offering (IPO). The company aims to become a global financial services app, Revolut U.K. CEO Francesca...
Revolut is reportedly hiring 100 new staffers as it prepares to expand its U.K. banking business. The FinTech received its long-awaited British banking license last summer — albeit with some restrictions — and has already begun building that side of its business, Francesca Carlesi, Revolut’s...
The need for speed and digital tools has become essential to the Latin American banking experience. Case in point: As detailed in PYMNTS’ recent exclusive sweep of 11 countries’ digital engagement, “How The World Does Digital”, more than 55% of the Brazilian population engages in...
The founder of Paytm expects the company’s banking unit to spring back to life. Last year, the Reserve Bank of India (RBI) all but shuttered Paytm Payments Bank following warnings about data flows between it and its parent company. Chief Executive Officer Vijay Shekhar Sharma...
Shastic and MeridianLink have partnered to deliver artificial intelligence (AI)-powered workflow automation to banks and credit unions. In this collaboration, Shastic’s workflow automation solution will be integrated with MeridianLink’s software platforms for financial institutions and made available through the MeridianLink Marketplace, Shastic said in a Monday (Dec....
Digital banks reportedly led Brazilian banks’ profitability improvements during the first half of the year. The country’s digital banks saw their annual return on equity (ROE) rise from 11.45% at the end of December to 19.1% at the end of June, outpacing the banking system as...
