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SMB Alt-Lending Gears Up For Another Industry Shakeup

PYMNTS

It also opened the door for a boom of FinTech innovation and a flood of alternative lenders targeting the small- to medium-sized business (SMB) segment. But that’s not to say that these FinTechs have a certain path ahead. The More Things Change. The saying goes, “The more things change, the more they stay the same.”

Lending 171
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The Rise Of ‘Intelligent Engagement’ In Corporate Banking

PYMNTS

And in that evolution, DeLuca explained, software has moved from systems that simply kept records or initiated transactions toward systems that deliver an enhanced, more engaging experience. FinTech firms like Bottomline have invested in user experience (UX), user interface (UI), usability and, of course, data management.

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Open Banking Meets Instant Payments At The Online Checkout

PYMNTS

The company is betting that all kinds of companies — from FinTechs to eCommerce providers to wealth management platforms and iGaming operators — will adopt PayDirect to facilitate account verification, instant account funding, online payments and instant withdrawals. The challenge is in getting merchants and customers to try it.

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Is a Zombie Core Eating Your Bank’s Brain?

Gonzobanker

Vendors may roll out a new user experience (UX) in an effort to extend the life of the core, but unless this fresh makeup is accompanied by meaningful product enhancements and architectural upgrades, the effect is simply postponing an inevitable “living dead” state. No New Partners. Are you somewhere in between?

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PayFacs Are The New ISOs

PYMNTS

FinTech companies — PayPal, Square, Stripe, WePay — have gravitated toward that model because what they’re innovating on is merchant experience, or user experience,” said Aberman. “In By outsourcing all that to an acquirer, an ISO saves on risk, regulatory, technical and operational overhead. Episode Two.

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FIs: Build For A Digital Future Or Lose Customers

PYMNTS

It’s also about finding ways to deliver good functionality to customers before big FinTechs — which have high-level concepts of what challenger banks might look like — sweep in and swipe users away, he said. The first phase involved just keeping day-to-day operations under control in a radically and quickly altered context.

Mobile 141
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FinDEVr Live: Markit’s Technology Shows Modernization and Modularity as Keys to Rich UX

Fintech Labs Insights

We provide products that enhance transparency, reduce risk, and improve operational efficiency. The post FinDEVr Live: Markit’s Technology Shows Modernization and Modularity as Keys to Rich UX appeared first on Finovate. markit.com | modl.markit.com | @markit | openf2.org org | blog.openf2.org org | @mod_labs & @openf2.

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