As fintech adoption grows, incumbents worry about adaptation
Upstart lenders, including startups that offer checkout loans, are rattling incumbents. According to a new study commissioned by Divido, a...
Digital-only First Internet Bank retains 90% of its original customers
As upstart digital-only banks face increasing pressure to acquire and retain customers, a 20-year-old online-only bank has managed to hold...
Mastercard to debut one-click checkout for online purchases
Taking a page from Amazon Pay, Mastercard is working with tech company EMVCo to create a one-click checkout experience for...
Digital customer migration leads U.S. Bank to close more Chicago-area branches
U.S. Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical...
Western Union taps Visa Direct to boost cross-border transfers
Global money transfer firm Western Union will implement Visa’s real-time push payments platform, Visa Direct, in an effort to speed...
PayPal invests $11.2m in Swedish open banking platform Tink
Online payments giant PayPal is a strategic investor in Stockholm-based open banking platform Tink, the companies announced today. A spokesperson...
Why digital-only Grasshopper Bank chose Temenos’ cloud-native T24 core
New York City-based Grasshopper Bancorp, a newly-launched digital-only bank targeting startups, was built from scratch with its sights on global...
Backed by $131m, Grasshopper Bank to roll out broadly next month
New York-based Grasshopper Bancorp, which opened for business to a select group of entrepreneurs and investors earlier this month, this...
Medici Bank to bolster cross-border business with blockchain
Medici Bank, a digital-only challenger bank backed by Prince Lorenzo de’ Medici -- a descendant of the Renaissance-era Italian banking...
4 key takeaways on new opportunities from payment processors
Mastercard and Visa are looking at opportunities to expand their reach and capabilities in a rapidly changing, increasingly global payments...
