The British neobank, serving over 40 million customers globally, has acquired a banking license in Mexico.
Aimed at empowering young people and improving financial literacy, Revolut has revamped its junior account.
Despite a stay, 1071 is expected to be implemented. Banks may need to rethink their approach to data processing.
According to the European Commission, only about 60% of the EU population in 14 member states can use their national eID cross-border.
Will this be enough to break the spiralling loss of confidence in the banking system?
Gamification is increasingly being used in financial products with great success, but to what cost to the customer?
The digital banking shift, digital payments, cryptocurrencies and artificial intelligence (AI) are critical factors behind escalating global financial crime compliance costs that exceed $200 billion. Those are among the findings in LexisNexis Risk Solutions’ True Cost of Financial Crime Compliance Study for 2023.
Brazilian neobank Nubank partnered with Wise to launch a global account. The online lender is targeting the highly affluent in Latin America.
The new Mighty Oak Visa debit card from Acorns has a solid foundation for success says a representative from long-time partner Helix by Q2. GM Ahon Sarkar said he’s not surprised by Acorns’ prosperity since the two companies first partnered seven years ago, which is an eternity in fintech.
Could AI have prevented the SVB crisis? Maybe not completely, but consumer sentiment analysis could have dramatically reduced its impact.