Remove Boston Remove Digital Banking Remove Regulation
article thumbnail

Merchants Ready For Open Banking — And Its New Laws — To Impact US Rollout

PYMNTS

In its March 2020 brief “Developments in Open Banking and APIs: Where Does the U.S. the Federal Reserve Bank of Boston said, “To date, U.S. regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way forward. isn’t in the lead here, which is okay.

US 171
article thumbnail

FinTech LendingClub Buys Radius Bank For $185M

PYMNTS

Radius is based in Boston and has in the neighborhood of $1.4 The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. This is the first time a FinTech has purchased an actual bank. billion in assets.

Fintech 242
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

Tide , a digital banking solutions provider, issued several updates intended to help SMBs use optical character recognition (OCR) to automatically match receipts with individual transactions. to track spending, pinpoint savings opportunities and follow important regulations. million nonprofits in the U.S. About The Playbook.

Tools 141
article thumbnail

Facebook And Google Payments Efforts Top Week’s News

PYMNTS

Deutsche Bank Admits Widespread Payment Failures To BoE. Deutsche Bank told U.K. regulators that it still has ongoing problems processing high-value payments despite more than three years of remediation efforts. Amazon To Build $40M Robotics Innovation Hub Near Boston. Recent PYMNTS research indicates that 34.8

Google 139
article thumbnail

Digital payments on the rise in India – what does this mean for the region?

NCR

Recent figures have highlighted how efforts are being made to boost banking infrastructure in this part of the world and deliver the right technologies to consumers to help them embrace digital. India set for a digital boom. One market that’s particularly poised for growth is India.

article thumbnail

The Best Opportunities for Retail Banks to Improve Customer Experience

Cisco

According to JD Power, “Nearly 90% of retail banking customers who are highly satisfied with the advice provided by their financial institution say they “definitely will” reuse their bank or credit union for another product” (The Financial Brand).

article thumbnail

An Open Road For Open Banking?

PYMNTS

there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom. In its March brief “ Developments in Open Banking and APIs: Where Does the U.S. the Federal Reserve Bank of Boston said, “To date, U.S.

Fintech 285