Amsterdam-based neobank bunq has formally launched its campaign for an American banking license.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The company announced Wednesday (Jan. 7) that it had filed for a de no ...

Core Insights - SoFi's Galileo platform is a key player in fintech infrastructure for 2025, supporting millions of accounts and fostering innovation within SoFi's financial product ecosystem [1][6] - The platform's Technology segment is experiencing consistent revenue growth due to existing client expansion and entry into new market segments [1] Galileo Platform Features - Galileo offers a unified, API-first platform that integrates digital banking, card issuing, payments, fraud detection, and compliance into a single system [2] - Its programmable architecture allows fintechs to issue virtual and physical cards, manage account lifecycles, and execute secure payments, including ACH, wire transfers, and real-time push payments [2] - The platform includes a comprehensive suite of developer tools, enhancing product innovation and operational efficiency [2] Recent Innovations and Client Growth - A notable innovation is the Cyberbank Konecta AI-powered virtual assistant, which enhances customer support while reducing operational costs and improving user experience [3] - Galileo's client base has expanded to include major financial institutions like Banco Nación in Argentina, contributing to strong organic growth [3][6] Competitive Landscape in Fintech - Other fintech companies to monitor include Block, Robinhood, and PayPal, each innovating in digital payment solutions and user engagement despite competitive pressures [4] Stock Performance and Valuation - SoFi's stock has increased by 72% over the past year, contrasting with a 6% decline in the industry [5] - The stock trades at a forward price-to-earnings ratio of 45.85, significantly higher than the industry's 23.6, and holds a Value Score of F [8] Earnings Estimates - The Zacks Consensus Estimate for SoFi's earnings in 2025 remains unchanged over the past 60 days, with projected earnings of $0.36 for the current year and $0.59 for the next year [9]

Now that you can deposit checks, transfer funds, and check balances on your phone, visiting a physical bank branch seems like something out of another era. In the past few years, I have only visited my Wells Fargo branch when I needed small bills for tips before a cruise, or a certified check. I can actually now send a certified check from my business account, so I imagine bank visits may decrease for me from three to four last year to maybe one or two in 2025. My 21-year-old son, who has a digital-only ...

PITTSBURGH, Dec. 16, 2025 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB), the holding company for First National Bank, announced it is among the first wave of banks to introduce Payment Switch, a service that enables customers to automatically move their recurring ACH or Debit Card payments to FNB using the FNB Direct Mobile Banking App. Payment Switch makes it easier for customers to establish a relationship with FNB, advancing the Company's strategy to become the primary bank for its clients. Continue Rea ...

Core Insights - The digital banking landscape is evolving, with neobanks like Nu Holdings aiming to penetrate new markets and challenge traditional banks [1][2] Company Expansion - Nu Holdings has successfully onboarded over 60% of Brazil's adult population and is expanding into Mexico and Colombia, targeting the unbanked population [2][4] - The company has applied for a banking charter in Mexico, which could enhance its growth potential in a fragmented banking system [5][9] - Nu is also planning to apply for a banking charter in Brazil by 2026, following recent regulatory changes that affect payment companies [7][8] Market Potential - Despite having a majority of the addressable population as customers in Brazil, Nu only captures about 5% of the addressable market for gross profit, indicating significant growth opportunities [8] - The company is exploring international opportunities, including a potential bank charter in the U.S. and investments in the Philippines [9] Financial Performance - Nu Holdings reported a 39% year-over-year increase in sales (currency neutral) in Q3 2025, adding 4 million new customers, positioning itself for sustained growth in 2026 [10]

Core Insights - VersaBank (NASDAQ: VBNK) is a significant player in the North American business-to-business digital banking and technology solutions sector, known for its innovative approach and competitive stance against other digital banks and fintech companies [1] Financial Performance - For the quarter ending October 2025, VBNK reported an earnings per share (EPS) of $0.23, slightly below the estimated $0.24, and down from $0.28 in the same quarter last year [2] - The bank generated revenue of approximately $25 million, exceeding the estimated $24.4 million and representing a 25.1% increase from $19.98 million in the same period last year [3] Valuation Metrics - VBNK has a price-to-earnings (P/E) ratio of approximately 20.36, indicating the market's valuation of its earnings [4] - The price-to-sales ratio is about 1.94, reflecting investor willingness to pay per dollar of sales, while the enterprise value to sales ratio stands at around 0.76 [4] Financial Stability - The bank's debt-to-equity ratio is approximately 0.20, indicating a low level of debt compared to equity [5] - The current ratio is around 0.14, suggesting potential challenges in covering short-term liabilities with short-term assets [5] - VBNK's earnings yield of about 4.91% indicates a solid return on investment, reinforcing its position in the digital banking sector [5]

Company Overview - Chime is positioned as a leader in the shift towards digital banking in mainstream America, focusing on providing helpful, free, and easy banking solutions [4] - The company aims to assist nearly 200 million U.S. adults earning up to $100,000, a demographic that has been largely overlooked by traditional banks [4] Market Position - Chime's approach is resonating with its target market, as evidenced by the high engagement level, with 97% of its members actively using the service [5]

India’s banking regulator, the Reserve Bank of India (RBI), has issued its final guidelines for digital banking channels. Under the new RBI digital banking guidelines, banks are required to record or document the explicit consent of customers before providing digital banking services. The guidelines specifically state that banks cannot make it mandatory for customers to opt for any digital banking channel to access facilities such as debit cards. Banks must implement appropriate risk mitigation measures ...

Core Insights - The article highlights an insider sale by Jay S. Sidhu, Chairman & CEO of Customers Bancorp, Inc., involving 7,479 shares sold on November 25, 2025, for a total transaction value of approximately $523,947.33 [1][2] Company Overview - Customers Bancorp, Inc. is a regional bank holding company focused on commercial lending and technology-enabled banking services, generating revenue primarily through net interest income and fee-based services [8][7] - The company reported a total revenue of $1.42 billion and a net income of $176.51 million for the trailing twelve months (TTM) [4] Insider Transaction Details - The shares sold by Sidhu represented about 0.81% of his direct holdings prior to the transaction, indicating a minor reduction in his stake [6] - The sale was significantly smaller than Sidhu's recent median sale size of 40,901 shares, reflecting a lower-volume disposition [6] - The shares were sold at approximately $70.06 each, a premium to the market close of $68.90 on that day, aligning with a total return of 22.05% over the previous twelve months [6] Financial Performance - Customers Bancorp reported a third-quarter net income of $2.20 per share, marking a 68% increase compared to the same period the previous year [9] - The company has increased its provision for credit losses to $27 million from $17 million year-over-year, while the percentage of non-performing loans decreased to 0.17% from 0.34% [10] Expansion and Services - The bank has opened three new offices on the West Coast, including locations in Reno and Las Vegas, enhancing its branch network [10] - Customers Bancorp offers a range of deposit products, commercial and residential loans, and cash management services, primarily targeting small and middle-market businesses as well as individual consumers [7]

Core Insights - The Covid-19 pandemic has significantly transformed consumer behavior, leading to a decline in the importance of physical retail and banking locations as customers increasingly prefer online services [1][4]. Industry Trends - The banking sector is experiencing a major shift towards digital banking, prompting banks like PNC to close branches and redesign remaining locations to include more automation and comfortable waiting areas [3][4]. - The number of U.S. commercial banks has decreased by nearly 50% from 2000 to 2020, as smaller institutions struggle against larger, technology-enabled competitors [6]. Company Specifics - PNC Bank is closing several branches as part of its strategy to adapt to changing consumer preferences and enhance its digital footprint [3][4]. - As of Q3 2025, PNC Bank has total assets of $568.8 billion and operates approximately 2,200 branches with a workforce of 54,938 employees [9].