article thumbnail

Banks and Credit Unions View Fintech Partnerships a Key Growth Strategy for 2020

Gonzobanker

Fintechs can provide better design capabilities, improved customer experience, research states. Financial institutions are making fintech partnerships a key priority in 2020, according to a new study from Cornerstone Advisors. Digital account opening remains a top focus for new and replacement systems in 2020.

Strategy 110
article thumbnail

How coronavirus pivot helped this British fintech land PNC

American Banker

The challenger bank OakNorth has been peddling its lending platform to U.S. banks for a year. When it saw COVID-19 on the horizon, it retooled to include a ratings system predicting how borrowers will be affected by the pandemic.

Fintech 64
Insiders

Sign Up for our Newsletter

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

article thumbnail

This Week’s Reads: Fintech, Mobile Apps, iBeacon

Banking 2020

With Fintech … If You Can’t Beat Them, Buy Them – The Financial Brand. Digital Channels: Windows to Financial Institution’s Soul – Bank Systems & Technology. Spotlight Apple Pay banking fintech ibeacon mobile apps' Here’s What Mobile Apps Will Look Like in 2015 – American Banker.

Mobile 57
article thumbnail

Banks: sink or swim with FinTech players

Banking 2020

Banking institutions must engage with emerging financial technology (FinTech) companies or risk being left behind by an industry that is currently undergoing one of the largest transformations ever seen. In the past five years, the number of FinTech companies and non-traditional payment providers looking to enter the sector has boomed.

Fintech 40
article thumbnail

PWC Takes Very Optimistic View Of Retail Banking

Tech and Finance

PWC Retail banking. In its report on Retail Banking 2020 — Evolution or Revolution, PWC optimistically ignores many of the details of its survey and concludes that banking has a great days ahead. Banks need to decide whether they want to shape the industry, become fast followers or manage defensively, the report added.

Retail 28
article thumbnail

PWC Takes Very Optimistic View Of Retail Banking

Tech and Finance

PWC Retail banking. In its report on Retail Banking 2020 — Evolution or Revolution, PWC optimistically ignores many of the details of its survey and concludes that banking has a great days ahead. Banks need to decide whether they want to shape the industry, become fast followers or manage defensively, the report added.

Retail 28
article thumbnail

Regulation in Debt Collection: Is Your Bank Prepared?

Banking 2020

With verbal requests to cease and desist upheld in the FTC’s action against NCO Financial Systems Inc. With digital natives an increasing proportion of borrowers, moving to digital also let’s banks communicate with their customers, even the defaulted ones, via channels they prefer. Digital communication and delivery.