PYMNTS

FEBRUARY 20, 2019

While they were once seen as novelties, challenger banking institutions are further encroaching into traditional banks’ territory, adding new responsibilities and products to their portfolios, such as lending. News From the Digital Banking Landscape. In the U.K., About the Tracker.

Digital Banking 155

Digital Banking Millennials America Lending 155

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

OCTOBER 4, 2019

To service Main Street businesses, it’s an obvious advantage for a financial institution to actually be on Main Street. According to Rockefeller, however, challenges pertaining to infrastructure and data security had resulted in what he described as a “half step” toward open banking in the U.S.

Lending 152

Lending Community Bank US Community 152

NCR

AUGUST 14, 2017

Assuming that everyone will naturally make the transition to digital banking at their own pace will be a mistake, and may see banks lose customers as people turn to financial institutions who they feel can better cater to their needs. The post Who are the holdouts still not using online banking?

Online 85

Online United States Millennials Digital Banking 85

PYMNTS

JULY 15, 2016

These products are, in fact, the underpinning for pure play digital banking services offered by innovators like Chime or Green Dot. I think the regulatory opinion is that ‘if they knew what they were doing they’d go get a bank account,’ and for some people that’s not an option. Who Uses Prepaid Anyway?

Cards 100

Cards Millennials Regulation Cyber Security 100

PYMNTS

MAY 30, 2016

Store Front Business Index: Main Street USA, A-OK? One of the most significant: the health and importance of small businesses and, in particular, the “mom-and-pop” shops that line the Main Streets and side streets of our local communities. Digital Banking. The 411 On The Digital Banking Evolution.

Trends 100

Trends Retail Fraud Mobile 100

PYMNTS

MARCH 24, 2020

Mobile banking apps are designed to make digital banking more convenient for customers, yet 21.7 percent of consumers who use these apps are dissatisfied with them. This is true even for routine transactions, such as transferring money to friends and relatives or making retail payments.

UX 150

UX User Experience Survey Meeting 150

Independent Banker

OCTOBER 29, 2014

But how far are they willing to go to do their banking on small mobile devices? A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. s entry into the payments business with Apple Pay.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

DECEMBER 15, 2017

is a rally cry that would perk the ears of many millennials, but how about “ Mastercard , assemble?”. Assemble for millennials is a toolkit that issuers, corporations and IBCUs can use to enable digital financial solutions, in this case targeting millennials, using a single-access digital prepaid product.

Millennials 134

Millennials Management Cards Security 134

PYMNTS

MARCH 9, 2020

According to the Cambridge English Dictionary , a bank is an institution in which people and businesses can securely store and access their money and borrow it as needed. More than half of all consumers say that having a physical branch is important for a bank to be considered their primary bank. Let’s get back to basics.

How To 232

How To Millennials ATM Fintech 232

PYMNTS

JUNE 8, 2016

So we really focused our application on how to guide millennials through major financial life events,” explained Doug Brown, FIS’ head of mobile. . “Our skill helps act as an always-available coach for all of life’s needs, not just for the present, but on a go-forward basis.

Innovation 100

Innovation System Payments Groups 100

PYMNTS

JANUARY 19, 2021

PYMNTS has found that 55 percent of millennials say they would switch to an FI that uses geodata to enhance the security of users’ accounts. That number is even higher for those individuals who earn higher wages – and taken together, higher earners and younger demographics are the sweet spot of banks’ customer bases.

Data 227

Data Fraud Los Angeles Compliance 227

PYMNTS

MAY 21, 2016

The bank opted to pilot the technology in its student app, he said, because millennials are known early adopters. As a rule of thumb, if the students embrace the technology, larger rollout into the main Santander UK app will follow. Security, the voice of reason. Learning the language. Thinking outside the app.

Technology 115

Technology Trends Maine Digital Banking 115

PYMNTS

JULY 9, 2018

This is a common cable and/or software product development strategy in which bundles of features are wrapped into the base software package, but options such as enhanced security/malware upgrades or premium stations are also offered for an extra fee. Even the largest and oldest digital banks have only converted a few million customers.

Strategy 105

Strategy Millennials Online Branding 105

PYMNTS

NOVEMBER 18, 2019

According to that same study, among bridge millennials , the consumer group between the ages of 30 and 40 who represent the first generation of connected consumers with buying power, Google rises to No. Google’s Everyday App Opportunity. Google comes to this everyday app ecosystem party with a mixed bag of potential.

Google 177

Google Study Payments Branding 177

NCR

JUNE 21, 2016

According to a recent study , all four of the leading banks are among the ten least-loved brands by Gen Y, and one in three millennials revealed they’re open to switching financial institutions in the next 90 days. Millennials don’t like traditional banks and don’t see any stark differences between them.

Millennials 45

Millennials Data Study Digital Banking 45

CB Insights

JUNE 17, 2020

Finance: Demand for contactless options accelerates digital adoption. Branchless banking. Security: Higher internet usage and data generation lead to increased investment. In addition to concerns about digital mediums lacking certain face-to-face benefits, teletherapy also presents compliance issues. Cloud call centers.

Industry 101

Industry Technology Online Video 101

PYMNTS

APRIL 6, 2016

In terms of more targeted offerings, banks that are looking to reach the 35-and-older demographic, for example, are integrating a large amount of lending functionality, while those that want to service the millennial end of the consumer spectrum are doing so with offerings related to instant cash access and instant transfers.

Technology 100

Technology Innovation Course Security 100

PYMNTS

MARCH 7, 2016

Did prepaid really solve a problem for people – or did it instead try to solve a problem for the industry that was determined to move cash to digital? Then there’s the digital banking movement and the land grab for the bank accounts of millennials. Other than that, it sounds like a great strategy.

Payments 100

Payments Innovation Software Mobile 100

PYMNTS

OCTOBER 31, 2016

Just a week ago, he said publicly that he’s now “gravely concerned” about banks wanting to limit access to their assets, like customer data, to innovators who, without it, have no way to ignite their own ideas and monetize them. Never mind the cost and security issues that it raises for banks. BANKING’S LATEST THREAT — APIs.

Regulation 100

Regulation Innovation Data Industry 100