PYMNTS
FEBRUARY 21, 2020
The LendingClub announcement follows the news that mobile bank Varo received approval from U.S. regulators to secure a national bank charter, in turn clearing the runway for the entity to accept consumer deposits. Home sales were up 34 percent in the month, the best showing since 2012. Home sales: In a sign that U.S.
PYMNTS
JULY 20, 2017
New players on the digital banking scene are hoping to change the game by looking to industries that are categorically unlike banks for inspiration. Over the past few years, dozens of so-called digital-only “challenger” banks have emerged on the financial scene, ready to compete with larger more traditional banks.
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PYMNTS
NOVEMBER 26, 2019
lost bank branches between 2012 and 2017, with rural areas feeling the brunt of the closures, according to research from the Federal Reserve released on Monday (Nov. Rural communities with lower incomes or a higher percentage of minorities saw the most closures, losing 1,553 bank branches in 794 counties, a decline of 14 percent.
Bank Innovation
JUNE 21, 2016
NEW ORLEANS — Banking apps are out. That’s the word out of Digital Banking 2016 here, where bankers outnumber entrepreneurs (but not vendors). The mobile banking app traces its roots to SMS banking back in 1999. Since 2012, it has been the fastest growing technology in banking.
PYMNTS
JANUARY 18, 2021
Last week, Grab announced that its Grab Financial Group had raised $300 million in a Series A funding round led by Hanwha Asset Management and joined by K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures. Founded in Malaysia in 2012, Grab is also known for its popular ridesharing and delivery services.
PYMNTS
DECEMBER 11, 2020
The lawsuits filed this week could break up Facebook’s ownership of Instagram, acquired in 2012, and WhatsApp, snapped up in 2014. M&A activity is expected to escalate post-pandemic, Doug Brown, digital banking senior vice president and general manager at NCR, told PYMNTS. .
Chris Skinner
JULY 3, 2017
Here are the key highlights: Over the past five years customers’ activity on banking apps rocketed by 354%, with apps now an increasingly popular way to access current accounts rising from 21% of access in 2012 to 61% by the start of 2017. These changes have empowered customers in the way they choose to manage their finances.
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