PYMNTS

JANUARY 8, 2019

When Chime ’s Co-founders Chris Britt (CEO) and Ryan King (CTO) first set out to start a web bank, it was with one idea in mind: offering middle-class consumers a good deal. It was something that was surprisingly hard for them to find in mainstream banking. The brand has been popular with young professionals.

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Gonzobanker

AUGUST 24, 2023

In an article titled Is the Banking Crisis Over? We Are About to Find Out , the Wall Street Journal identified three concerns that could determine if the banking industry is out of the crisis or still in one: Deposit costs. A person’s core has to be in shape—and so does a bank’s.

Innovation 148

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Gonzobanker

MARCH 26, 2020

Financial institutions that are not ready to fully serve customers digitally face an existential threat. In the aftermath of the housing bubble and during adoption of new Check 21 regulations following 9/11, banks and credit unions proved nimble under pressure to serve the needs of their customers. Speed is the new currency.

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PYMNTS

MAY 27, 2020

For banks, the opportunity is there to cement the trust of their customers during uncertain times that have made individuals increasingly uncertain about personal health, job security, paychecks and even whether the money they have in the accounts is safe and sound. Digital-Only Players Take The Stage. The Great Stress Test.

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BankBazaar

JUNE 3, 2020

The way we bank will change by leaps and bounds in the post-COVID scenario. As we go digital for almost our needs, neo banks are well-poised to take the centre stage. This change will extend to how we bank too. Neo-Banks in this regard are well-poised to benefit from this trend.

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PYMNTS

OCTOBER 29, 2020

Small business lending platform BlueVine is the latest FinTech to take this path, having taken the wraps off of its banking solution this week with the launch of BlueVine Business Banking. moves closer to its own open banking rules that could further catalyze the bank-FinTech collaboration landscape. Plus, the U.S.

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PYMNTS

MAY 1, 2020

Many CUs are doubling down on their efforts to digitize their services in a secure manner. One such player is Arizona Federal Credit Union (Arizona FCU), which is working to offer improved access to its 130,000 member-owners. The 83-year-old CU, which has 16 branches in the metro Phoenix area and holds $1.9

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Gonzobanker

DECEMBER 14, 2023

What a year. Bank leaders must feel like Rocky Balboa after 15 rounds with Apollo Creed. Just think of what the industry dealt with in the last 12 months: The brunt of the unprecedented scope and pace of Fed rate hikes hit home, and banks have seen an.80 We are in awe. We are so proud to work in this industry.

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PYMNTS

APRIL 21, 2020

The coronavirus pandemic — which has forced all of us online — is exposing just who in financial services has embraced digitization, and who is truly digital native. We now must bank entirely online, by necessity. It’s what you do with the data, and how you leverage it into new customer-facing offerings that matters.

Branding 232

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South State Correspondent

OCTOBER 26, 2023

In this article, we detail our thoughts and the trends we saw last week in Las Vegas from a banking perspective in hopes of giving you the flavor and insight from the conference without you having to walk 10 miles per day and listen to endless vendor pitches. It’s a whirlwind of education, deal-making, eating, and hugging.

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PYMNTS

FEBRUARY 11, 2020

In an interview with Karen Webster, Sherri Haymond, executive vice president of digital partnerships at Mastercard, and Diwakar “Dee” Choubey, founder and CEO of digital banking membership MoneyLion, delved into how collaboration between the card network and the FinTech will foster new card program launches in 2020 and beyond.

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PYMNTS

JANUARY 30, 2020

These operations are quantifiably more efficient: A recent study found that customers typically spend nine minutes to acquire a check from a bank teller, but only 40 seconds to complete the same task with a self-service kiosk. Banks are rapidly undergoing digital-first transformations to offer these services.

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PYMNTS

FEBRUARY 13, 2020

In a sense, though, the clock may be ticking, because consumers expect that same level of personalization at every point of financial services and banking, regardless of the channel. Looking At Open Banking. Offering a continuum of digital banking services, of course, brings to mind the advent of Open Banking.

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Independent Banker

AUGUST 31, 2022

Social payments methods like Venmo and Cash App continue to grow in popularity, and the data is there to prove it, creating an opportunity to give customers what they want: 24/7 access to cashless, P2P and mobile transactions. So how do social payments fit in community banks’ long-term future? Illustration by Filo/iStock.

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Gonzobanker

DECEMBER 19, 2022

It would have required a few trips to the local dispensary to dream up what bankers have endured this year. We got to see it play out in real time! In January, we were discussing crypto and the need to formulate customer crypto strategies. Now that’s what you call a change of momentum. What a year.

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PYMNTS

JUNE 13, 2018

now have a new option when opening a bank account. Digital bank Radius Bank is collaborating with Treasury Prime to develop the Tailored Checking Account geared toward entrepreneurs in need of accelerated services, the businesses announced in a press release Tuesday (June 12).

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Gonzobanker

JANUARY 3, 2019

Denizens of the Gonzo world, there isn’t much that is getting talked about more in the planning sessions we attend than the challenges around growing deposits. A quick look at the numbers show how warranted this discussion is: The industry loan to core deposit ratio was 90% as of 9/30/18. Online banks are getting aggressive.

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Gonzobanker

FEBRUARY 20, 2021

GonzoBanker mothership Cornerstone Advisors’ recent What’s Going On In Banking 2021 research points to digital account opening being the top bank tech replacement priority in mid-size banks for the third year in a row. Meanwhile, NCR’s digital banking (and now origination) competition intensifies.

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PYMNTS

AUGUST 17, 2017

The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC).

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PYMNTS

SEPTEMBER 25, 2019

That can be easier said than done, of course, but in a new PYMNTS discussion with Karen Webster, Laurin Nabuko Hainy, founder and CEO at FairMoney , gave a tour of the emerging payments landscape in Nigeria and offered lessons that can be applied to other developing markets. There is no Pan-African digital bank,” Hainy said. “So

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PYMNTS

SEPTEMBER 10, 2019

Start with the prior statement that hard currency — the kind that sits in banks, backed by central banking systems and is universally accepted — is not going anywhere, and the stage is set for a continued reinvention of the ATM. “We We should not forget why we have ATMs in the first place,” said Knievel. “So

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ATM Examples Course Strategy 158

Accenture

APRIL 30, 2019

Like this runaway horse, retail banks are now finding that rapidly evolving customer needs and changing expectations are setting the pace for the evolution of the business. Customers want to be able to trust their bank to give them good advice and protect their personal data. Some of the macro results were unsurprising.

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Independent Banker

DECEMBER 31, 2022

Here’s how community banks can enhance their payments offerings. of banks’ revenues come from payments. Payments account for up to 30% of bank revenue, and that income stream is under attack. As 2023 kicks off, community banks can respond to today’s payments landscape by addressing five key trends.

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PYMNTS

DECEMBER 22, 2016

And this frustration has created an opening for digital banking newcomers like Chime to swoop in and address these consumers’ concerns. PYMNTS.com spoke with Britt in June about how digital banking is appealing to millennial customers. Doing what the big banks won’t? Doing what the big banks won’t?

Millennials 100

Millennials Digital Banking Mobile Industry 100

Gonzobanker

JULY 9, 2021

SoFi announced an agreement to acquire Golden Pacific Bancorp for ~$22 million, advancing the digital personal finance company’s regulatory pain point to obtain a national bank charter and offer more choices to both consumers and businesses. It’s hard to think of a company more focused on traditional banks than VISA.

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NCR

DECEMBER 1, 2016

For the typical American, they walk into their local bank branch, open an account and, then each month deposit $1,000 into their account. Which is really code for ‘you aren’t making the bank enough money, so we are going to charge you to keep your money in our bank’ fee. Digital alternatives.

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Bobsguide

JUNE 3, 2022

Mark Aldred, Auriga’s VP of International Sales, joined Brett King on Breaking Banks to deep-dive into current industry hot topics such as the impact of COVID-19 on banks, branch closures, and how technology is changing the nature of banking. However, we need to look at branches in a different light.

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PYMNTS

MARCH 13, 2020

The digital banking customer might get a few nice bells and whistles — a faster onboarding process or a slick digital app attached to a prepaid card that’s nearly functionally identical to a debit checking account. Specialized concierge services aren’t exactly a new concept in banking, Sobieraj told Webster.

US 192

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PYMNTS

JULY 16, 2018

We have investigated the matter thoroughly, addressed the cause and, as a precaution, have implemented additional security measures,” Macy’s said in an emailed statement. Those who may have been hit by the breach have been contacted, and Macy’s says it will offer data protection services to those breached.

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FirstInternet

MAY 26, 2021

Business checking accounts are absolutely foundational. A business checking account lets you handle legal, tax and day-to-day issues. There are a lot of banks and offers from which to choose. Interest-generating business checking accounts have become pretty common. Minimum account balance fees. Service fees.

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CFPB Monitor

DECEMBER 27, 2019

Notably absent was the Federal Reserve, which did not join in on the proposal or offer a counter-proposal. If the OCC and FDIC move forward without agreement from the Federal Reserve, different banks could be faced with wildly different CRA regimes. The regulators themselves can’t even find their way to agreement.

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MyBankTracker

JANUARY 19, 2021

That answer is still unclear given that we’re not ready yet to define the new “normal.” ” With the expectation that the coronavirus vaccine becomes available to the general public, consumer banking will continue to see changes. Here are some of the consumer banking trends that we believe will take hold in 2021.

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FirstInternet

JUNE 22, 2020

Are looking to open your first checking account? Have you decided it’s time to switch your checking account from a traditional bank to an entirely online one? What kinds of checking accounts are out there? Consequently, your account will be overdrawn and you’ll receive an overdraft fee as a result.

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CB Insights

MARCH 8, 2018

Digital banking startups — or challenger banks — have gained traction over the past few years by bringing retail banking services mobile. Banks in Fintech: what’s ahead in 2018. Join us for data-driven look at how major banks are approaching fintech investments and taking on insurgents.

Retail 78

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PYMNTS

APRIL 30, 2018

Digital banks. According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. Marcus is a digital consumer platform that includes lending and deposit-taking.

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PYMNTS

APRIL 22, 2016

The positive consumer response perhaps wasn’t a complete surprise, considering the initial interest rate for the savings account was 3 percent. The challenge for the bank will be remaining competitive when the interest rate is ultimately dialed back and the offering itself – namely its features and user experience — need to steer the ship.

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BankUnderground

JANUARY 12, 2021

Missing from these models is an explicit tracking of the financial records underlying all goods and asset purchases, namely gross balance sheet positions, which in turn requires modelling the principal medium of exchange, bank deposits. The bottom line is that gross capital flows are conceptually distinct from the current account.

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