Alibaba’s Alipay was granted an eMoney license in Luxembourg to allow the company to serve customers across Europe; the eMoney...
Wells Fargo has seen customers become more adept at using digital and plans to accelerate their branch closure plans; the company is looking to close more than 800 branches by the end of 2020; “Our vision of satisfying our customers’ financial needs remains unchanged, but how we execute this vision has evolved; this evolution includes developing new ways to more efficiently serve our customers and create a better customer experience,” said CEO Tim Sloan on a conference call as reported by TearSheet; the closures are expected the save the bank about $4bn. Source.
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Square is starting to take on the look of a full service bank as their Cash App has helped to...
Affirm, the leader in point of sale financing for consumers, announced today that it is spinning out a new business...
Coinbase is readying the launch of an NFT marketplace that will compete with existing major players in the space, like OpenSea, debuting a user waitlist for the desktop product that it hopes to launch by the end of the year. Coinbase has limited details to share on its upcoming platform, but notes in a blog...
CFPB Director Rohit Chopra launched an inquiry into so-called “junk fees,” with bankers and lenders countering that the fees they charge are related to specific types of work performed and that existing laws already prohibit excessive fees.
In an interview with PYMNTS.com, the head of network and partnerships for Bud, Alan Walsh, talks about the state of open...
Hong Kong's Securities and Futures Commission has entered into a cooperation agreement with the Dubai Financial Services Authority (DFSA) to establish a framework to help each other develop the fintech industry; the two regulators will work together on information sharing, innovation projects and referrals of fintech firms seeking to enter one another's markets. Source