article thumbnail

Revolut Likely To Apply For US Bank Charter

PYMNTS

European digital bank Revolut , the continent's largest such institution with 13 million users, is close to applying for a U.S. digital banking license, according to a report by CNBC. The nature of the market for FinTech startups breaking into the larger U.S.

article thumbnail

Transactions: Cache Valley Bank selects Finastra for core and digital banking

BankInovation

Cache Valley Bank has selected fintech Finastra for its core banking and digital banking offerings. Cache Valley Bank has […]

Insiders

Sign Up for our Newsletter

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

article thumbnail

N26: Cloud-Banking Core Key To Meeting Consumers’ Mobile Banking Needs

PYMNTS

This is because many legacy FIs in particular are still reliant upon legacy infrastructure, which is simply not designed to handle the sheer volume of data generated in today’s digital banking sphere. Developments Around the Cloud Banking World. Why the Pandemic Is Pushing Legacy F Is’ Cloud Migrations Forward.

Meeting 227
article thumbnail

Here is The Math Behind the High-Yield Account

South State Correspondent

” This banker may even be thinking of starting a completely new digital bank using a high-yield account as its flagship product. Customers rarely walk into your branch or through digital doors, ready to move the business to you. This is another often overlooked tactic and can serve banks well to drive deposit balances.

article thumbnail

Galileo To Power Dave Banking App

PYMNTS

Dave’s digital bank account and debit card have no minimum balance requirement, no overdraft fees and access to 32,000 MoneyPass ATMs, fee-free. Galileo, headquartered in Salt Lake City, Utah, supports a variety of payment solutions.

Utah 143
article thumbnail

Tab Bank ramps up digital transformation

BankInovation

Saying that Tab Bank, a fully digital bank headquartered in Ogden, Utah, began as a modest operation, would be an understatement.

Utah 98
article thumbnail

Bitcoin Daily: SEC Freezes Crypto Firm?s Assets, Alleging It Stole $12M From Investors; Hong Kong: 39 Pct Of New FinTechs There Are Blockchain Firms; Coinbase Eyes Selling Blockchain Analytics To IRS, DEA

PYMNTS

The defendant in the case is Utah resident Daniel F. Rodriguez of Utah and Jean Paul Ramirez Rico of Colombia — are alleged to have lied to investors and misappropriated funds. The purchase, according to the IRS document, would be useful to help keep ahead of crimes related to cryptocurrency and digital banking.