Payments News

On The Web

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Providers

Community Bank Enlists Coinbase, SAP to Offer Crypto

“Vast Bank now lets customers buy cryptocurrency from their bank accounts — a feature more commonly associated with third-party payment apps like PayPal and Square . Through a partnership with Coinbase, the community bank, which is based in Tulsa, Okla., and has $744 million of assets, is joining a handful of others that are seeking […]
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Providers

Goldman Sachs Eyes Growth in Cash Management Technology

“For more than five years Goldman Sachs has been recasting itself as a technology company as well as a bank, so it is little surprise that Stephen Scherr, chief financial officer, sees tech as core to his professional objectives. For Mr Scherr, head of Goldman’s fledgling consumer bank until late 2018, there are two main […]
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Providers

‘The Best Year Ever’: 2020 Was Surprisingly Good to Small Banks

“When coronavirus closed businesses in Baltimore and its suburbs in the spring, Kevin Benson feared the worst for the small lender he runs—widespread defaults, anemic loan growth. Instead, Rosedale Federal Savings and Loan surpassed $1 billion in assets in May, years ahead of schedule, aided by a government-backed lending boom. The vast majority of its […]
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Global

Airtel Payments Bank to expand footprint in West Bengal

“Airtel Payments Bank is rapidly expanding its footprint in West Bengal to take banking services to unbanked villages in remote areas and to contribute to financial inclusion in the state. The bank has a network of over 30,000 neighbourhood banking points spread across West Bengal, and plans to expand its banking points in the state […]
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On The Wires

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Providers

BBVA and Google Cloud Form Strategic Partnership to Drive Security Innovation in Financial Services

“BBVA and Google Cloud today announced a new strategic partnership to transform the bank’s security strategy by optimizing and improving its security infrastructure. As part of this global agreement, BBVA will collaborate with Google Cloud in the development of groundbreaking new artificial intelligence (AI) and machine learning (ML) models to predict and prevent cyberattacks against […]
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Domains

HSBC Bank Launches Single Global Account and Real-Time Payments Platform: HSBC Global Money Account

“HSBC Bank USA , N.A., (HSBC), part of the HSBC Group, today announced the launch of its newest real-time payments offering. HSBC’s Global Money Account allows its international customer base to hold, manage and send money across various currencies to 14 million HSBC customers in 20 countries worldwide through a single account 24/7. There are […]
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