PYMNTS

SEPTEMBER 24, 2019

Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits.

Mobile 246

Mobile Payments Apple Millennials 246

Insights on Business

FEBRUARY 13, 2019

Banks continue their digital transformation journey to create new business models to satisfy today’s demanding customers. How do banks prepare for this new reality? For Bradesco, a large Brazilian bank, NEXT is the answer. Next is a digital bank, completely disassociated from the Bradesco brand.

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

PYMNTS

SEPTEMBER 15, 2020

In today’s top news in digital-first banking, Goldman Sachs has launched a personal finance offering for customers of average means, and Franklin Templeton’s Singapore subsidiary has joined forces with Razer Fintech. plans to roll out instant business-to-business (B2B) payments with Interchecks.

Tools 131

Tools Fintech Tennessee National 131

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. But there is a growing market of fintech companies serving the unique financial needs of Baby Boomers and older retirees — and for good reason. Fintech services for seniors are targeting a range of sub-categories.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

OCTOBER 22, 2020

The discussion was part of the ongoing B2B Payments 2021 PYMNTS TV series. Financial and corporate assets of all stripes — particularly in the payments realm — are attractive investment candidates, especially as investors look for yield. That trend has pushed FinTechs and FIs to craft more direct financial interactions with consumers.

Fintech 169

Fintech Capital Innovation Data 169

PYMNTS

JANUARY 8, 2021

Clients of Simple Bank, a BBVA USA subsidiary, are reportedly getting emails informing them that Simple is closing and the plan is to move them to BBVA. After Simple rolled out as a digital bank focused on high-interest savings accounts, the current economic conditions made it unfeasible.

Cards 143

Cards Digital Banking Millennials Report 143

Bank Innovation

JULY 11, 2018

Citizens Financial Group joins the latest band of established FIs in launching its version of a digital-first bank called Citizens Access.

Groups 225

Groups Millennials Digital Banking Operations 225

PYMNTS

AUGUST 17, 2017

But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers. For Bank of the West, this has meant trying to get in front of expectations rather than perpetually attempting to catch up.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

PYMNTS

JULY 23, 2019

Over the past few years we’ve become the payment partner of choice for challenger banks and FinTechs looking to offer new retail or commercial banking solutions.” . Innovation is growing in the small business and payments area, and “the next 12 months will be key,” Barnett said. . “We Ireland, Nordic and Baltics.

Millennials 144

Millennials Innovation Fintech Lending 144

The Financial Brand

SEPTEMBER 14, 2020

It's both a payment and lending challenge — banks must match fintechs' point of sale 'buy now, pay later' service or they'll lose share. The post Gen Z, Millennials and COVID Fueling Rise in Hybrid Credit Card Alternatives appeared first on The Financial Brand.

Millennials 38

Millennials Cards Lending Branding 38

PYMNTS

SEPTEMBER 10, 2019

Customers of the WePay platform can now get faster deposits to their JPMorgan Chase bank accounts, CNBC reported on Tuesday (Sept. With other payment processors, when a small business is looking to get paid, it can take 24, 48, sometimes 72 hours over the weekend for that payment to hit,” Bill Clerico, CEO of WePay , told CNBC.

Millennials 194

Millennials cryptocurrency Cards Payments 194

PYMNTS

FEBRUARY 14, 2020

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business.

Retail 141

Retail Cards Millennials Fraud 141

Chris Skinner

APRIL 30, 2018

Here are my headlines: 76% of millennials are looking for new forms of banking 40% of people in their twenties have downloaded a money management app 80% of millennials … The post The future of money (research report) appeared first on Chris Skinner's blog.

Report 280

Report Millennials Management Digital Banking 280

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. What financial institutions need to compete with fintech threat disrupters. As FinTech funding rises to new record levels – $131.5 According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S.

Fintech 52

Fintech Millennials Lending Tools 52

PYMNTS

AUGUST 7, 2019

This time around, according to the site, the banks will commence the second phase by October of this year, and there already exists collaboration between banks and FinTechs for the exchange of data and various financial services functions. million in new funding led by Holtzbrinck Ventures, says TechCrunch. As noted last week.

Digital Banking 129

Digital Banking Fintech Millennials Data 129

PYMNTS

JUNE 21, 2017

June’s PYMNTS Digital Banking Tracker™ looks at the latest trends in the digital banking space, including efforts by banks and FinTechs to give consumers new insights into their finances and the latest developments on the path toward Open Banking. Building smarter, more informed consumers.

Report 131

Report Digital Banking Millennials Fraud 131

PYMNTS

OCTOBER 17, 2019

The French payment processor Lemon Way has announced a near-$28 million (€25 million) investment round by the multi-asset fund management firm Toscafund, Aithority reported on Thursday (Oct. The funds will help Lemon Way advance its offerings through adaptive APIs and new payment services as well as strengthen its presence in the U.K.

Fintech 100

Fintech Capital Millennials US 100

PYMNTS

MAY 1, 2020

It’s a powerful statement on payments preference. Debit has been riding a wave of popularity for years as credit-averse millennials and their cohorts became big spenders, but didn’t want to end up like their overextended parents did in 2008. No matter what. Not even COVID-19 could tempt them. Your Money, Your Way. Touchless, too.

Guidelines 131

Guidelines Digital Banking Millennials Online 131

PYMNTS

DECEMBER 11, 2018

As detailed in the recent PYMNTS Remote Payments Playbook , consumers are turning away from physical stores when it comes to product discovery. And that’s unlikely to change in 2019 or beyond, given the growing purchasing power of bridge millennials. percent — are willing to switch payments service providers if offered a better deal.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

JUNE 9, 2020

Right now, at least as found recently in the PYMNTS/PSCU collaboration , “Credit Union Innovation Playbook: Challenger Banks Edition,” CUs face some competitive pressures. . As the survey of more than 4,000 CU members, CU leaders and FinTech executives showed, 41.4 They acquire a lending product, and then a digital banking platform.

Digital Banking 133

Digital Banking Millennials Lending Marketing 133

PYMNTS

JUNE 27, 2019

In the latest Digital Banking Tracker™ , PYMNTS examines how banks are innovating to address these security vulnerabilities. Around the Digital Banking World. Banks and payment players are adopting new technologies to keep customer data safe. In the U.K., The platform will launch in the U.S.

Customer Experience 109

Customer Experience Digital Banking Innovation Security 109

PYMNTS

JANUARY 12, 2020

Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million. When we were building Google Tez, we realized that a consumer’s financial journey extends beyond digital payments.

Google 101

Google Capital Millennials Digital Banking 101

Gonzobanker

APRIL 4, 2024

While valuation at many fintechs has dropped since 2022, Chime has bucked the trend. Bloomberg recently reported that Chime, the leading fintech neobank, is planning to go public in 2025. According to the report , Chime has not engaged investment banks to date. of Millennials, 7.5% Is it ready for an IPO? of Baby Boomers.

Comparison 85

Comparison Fintech America Survey 85

PYMNTS

JULY 1, 2020

Despite the surge in mobile payments and online banking , no one is predicting the disappearance of traditional banks and their brick-and-mortar branches. . The collaborative analysis does not predict an overnight exodus of consumers from their banks and does not assume that Amazon is ready to leap into personal banking.

Survey 183

Survey Cards Millennials ATM 183

PYMNTS

AUGUST 21, 2020

In fact, the majority of 2020’s new accounts have gone to megabanks and digital banks, not to community institutions. In the past 90 days, Lesher said, 51 percent of new accounts have been opened at megabanks, 18 percent at digital banks, 15 percent at regional banks and just 10 percent at credit unions and community banks.

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

OCTOBER 29, 2018

For many in payments and the vast ecosystem that it powers, the scariest thing about Oct. The 2019 planning sessions that will mark the next 60 days will no doubt include topics of conversation about the scariest things in payments that could knock key players off their game – or turn their plans upside down. That’s not PayPal today.

Payments 196

Payments Google Apple Innovation 196

PYMNTS

MAY 29, 2020

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift?

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

APRIL 18, 2017

From selfie authentication to finance tools that respond to emojis to computer-generated avatars that look and act like real people, new technological tools are giving digital banking a makeover. The April PYMNTS Digital Banking Tracker™ looks at the various ways technology is changing the digital banking landscape.

Report 110

Report Digital Banking Tools Technology 110

PYMNTS

JUNE 22, 2017

New digital banking solutions are creating new options for these citizens to make a difference in the world through their consumer purchases. The Right Tool for Millennial Shoppers? This is especially true of millennial consumers who are more likely to consider a store’s values when making a purchase than other generations.

Millennials 117

Millennials Digital Banking Survey Tools 117

PYMNTS

JUNE 7, 2019

It’s tough to put a number on it, but one estimate, courtesy of payments firm Stripe and carried out by Fahrenheit 451, found that European businesses could lose as much as $57 billion in economic activity in the year after SCA debuts. FinTech across the pond: Card giants are stepping up their support for FinTech , especially in Europe.

Fintech 101

Fintech Study Online Retail 101

The Financial Brand

JANUARY 6, 2021

The post Sustaining Digital Banking Channels’ Explosive Growth in 2021 appeared first on The Financial Brand. Financial institutions that want to stay in the game need to offer solid basic services before they get fancy.

Digital Banking 43

Digital Banking Branding Innovation Strategies ATM 43

PYMNTS

JANUARY 24, 2020

Anti-fraud efforts can seem like word salad with exotic ingredients being tossed around: strong consumer authentication ( SCA ), two-factor authentication (2FA), the second Payment Services Directive (PSD2) … you get the idea. Turns out consumers mostly want one thing from mobile banking apps: control. Control vs. Chaos? Fair enough.

Mobile 166

Mobile Fraud Millennials Security 166

PYMNTS

OCTOBER 4, 2019

The PYMNTS September Credit Union Tracker pointed to the growing pressure for credit unions to respond to their members’ rising demands for mobile-friendly platforms, faster payment services and other modern financial products. “With bigger banks, some of them have more software engineers than Google,” he said.

Lending 152

Lending Community Bank US Community 152

PYMNTS

OCTOBER 8, 2019

The Millennial Challenge. Among the greatest opportunities for CUs lie some significant challenges, too — namely, tapping into and serving the financial needs of millennials. By way of example, he said, PSCU can help partners gain traction with offerings such as digital wallets and mobile payments.

United States 102

United States Millennials Course Lending 102

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Or watch its digital disruption. Payments Security As A Digital Business Enabler.

Security 100

Security CA Payments Big Data 100

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

Cards 71

Cards Fintech UX Strategy 71

Current

OCTOBER 20, 2020

Growing, growing, growing… It’s been a year of exponential member growth at Current with the COVID-19 pandemic serving as an accelerant to digital banking and we are now over 1.6 We’re a fintech, not a bank Fintechs obtaining their own banking licenses has been a hot industry topic as of late. What about us?

Conference 108

Conference US Resources Fintech 108