Fintech

After just 45 days on the job, the Citigroup CEO is jettisoning uncompetitive overseas operations, vowing to ramp up wealth management and touting the long-term importance of the company’s Banamex unit. More moves are on the way, she says.

BofA is awash in liquidity, but an uptick in credit card applications and heightened interest from commercial borrowers have executives hopeful that loan demand will soon rebound.

The shutdown of the U.K. company's Pingit app demonstrates why even the most tech-savvy banks should collaborate with fintechs rather than go it alone.

The single-use element of virtual cards deters hacking, says Nvoicepay's Kristin Cardinali.

The shutdown of the U.K. company's Pingit app demonstrates why even the most tech-savvy banks should collaborate with fintechs rather than go it alone.

The banking giant is using technology to empower corporate customers to keep tabs on and resolve issues with cross-border payments.

Lease-to-own fintech Acima has launched a virtual Mastercard payment card to allow underbanked consumers to lease eligible products and eliminate risk for merchants as Acima purchases the goods for rental.

PNC Financial Services Group Chief Executive Bill Demchak said he wants to position the bank to perform in a sector in which smaller firms are disappearing amid a wave of consolidation.

The company will gain seven branches, including one in Richmond, Va., after it acquires Sevier County, which is based in eastern Tennessee.

The nine-year-old service predates the payments-oriented fintechs that have become popular in recent years.