PYMNTS

OCTOBER 9, 2020

In today’s top news in digital-first banking, the government of the Philippines is considering limiting the number of digital banks that run in the country, while Ripple introduced its Line of Credit beta offering. Philippine Government Considers Digital Bank Limits. Ripple Announces Line Of Credit Offering.

Digital Banking 132

Digital Banking cryptocurrency America Meeting 132

PYMNTS

OCTOBER 28, 2020

Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 trillion in 2020. This growth is not expected to slow down anytime soon, with eCommerce and its associated digital payments expected to hit $4.5

Payments 219

Payments Compliance Fintech Innovation 219

PYMNTS

OCTOBER 14, 2020

In today’s top news in digital-first banking, OneAZ Credit Union has signed a multi-year deal for Lumin Digital to be its digital banking technology, while an European Central Bank board member says that the next pandemic wave won’t likely hit the economy as hard. percent in June to -4.4 percent in October.

Digital Banking 131

Digital Banking Fraud Technology Groups 131

PYMNTS

OCTOBER 28, 2020

When asked why he robbed banks, Willie Sutton — the famous criminal with four decades of bank robbery experience — is said to have offered what was likely history’s clearest answer: “Because that’s where the money is.”. But in 2020, the holiday shopping season is starting online in mid-October, and the rhythm will be different.

Fraud 280

Fraud Retail Tools Data 280

PYMNTS

OCTOBER 1, 2020

The great digital shift is transforming credit cards into money management tools. Consumers want cards, and they want them quickly, and they want those cards [delivered] in a digital way," said Turner. The company said that through the expansion of its Digital-First Card Program, which was announced last Wednesday (Sept.

Cards 249

Cards Management Tools Guidelines 249

PYMNTS

OCTOBER 26, 2020

BPCL has teamed with Fino Payments Bank in order to provide digitized card refills for fleet drivers in India, according to a report from The Hindu BusinessLine. But with the partnership, digitized cash in the form of prepaid cards will be available, letting drivers make payments for fuel at BCPL outlets. In the U.S.,

Cards 184

Cards Payments Regional Management 184

Abrigo

OCTOBER 20, 2020

Key Takeaways Gain an understanding of the current state of banking and future expectations. The banking industry has faced many challenges in 2020, from transitioning to CECL, managing Paycheck Protection Program loans, and navigating an unprecedented economic recession. Plan for new technology and innovations. Drive Growth.

Management 195

Management Lending Community Strategy 195

PYMNTS

OCTOBER 19, 2020

The collaboration between StakeHound and DASH seeks to make and market a stakedDASH coin that “will become an essential bridge between DASH and Ethereum DeFi ecosystems,” according to the announcement, and which will be accessible on StakeHound to those who own DASH later in 2020. dollar, CoinDesk reported. However, CoinDesk notes that U.S.

District of Columbia 134

District of Columbia Bitcoin cryptocurrency Operations 134

PYMNTS

OCTOBER 11, 2020

The publication's assessment was based in part on a speech by European Central Bank Chief Economist Philip R. Lane delivered digitally to a meeting of the U.S. Economic output by the end of 2020 is expected to wind up about 5.2 National Association for Business Economics. "We

New York 240

New York Meeting National Operations 240

PYMNTS

OCTOBER 2, 2020

that is said to be slated to occur later in 2020 or early next year. European Central Bank Outlines Use Cases For Digital Euro. Europe should be ready to embrace a digital Euro so residents can access funds in the changing retail landscape. That was the message of the European Central Bank (ECB). of Singapore.

Payments 198

Payments Security Report Online 198

PYMNTS

OCTOBER 15, 2020

These difficulties are due to a process called correspondent banking, in which transactions must also be funneled through multiple financial institutions (FIs) before they reach their final destinations. Banks and FinTechs are entering into new partnerships to take advantage of this gro wing demand for cloud technology.

Payments 228

Payments Report Study Security 228

PYMNTS

OCTOBER 14, 2020

Bank of America (BofA) said on Wednesday (Oct. trillion in spending at Bank of America, customers have spent more than they did last year,” CEO Brian Moynihan told investors and analysts on a conference call following the company’s 3Q earnings release. More Digital Engagement and Slower Growth in Loan-Loss Provisions .

America 203

America Cards Conference Examples 203

PYMNTS

OCTOBER 12, 2020

N26 already has raised nearly $800 million in venture capital, Bloomberg reported, including a $100 million round in May 2020. FinTech companies are expected to benefit over the long term from customers’ shift to online banking due to COVID-19. Venture capital investment in Europe’s FinTech industry has surpassed $35.4

Fintech 268

Fintech United States Capital Meeting 268

PYMNTS

OCTOBER 21, 2020

Brazil’s government is planning to launch an initial public offering (IPO) for a new digital arm of Caixa Econômica Federal , according to a Reuters report on Tuesday (Oct. Guedes reaffirmed that the government's economic reform agenda was rebounding after expending 10% of gross domestic product (GDP) in 2020 fighting the pandemic.

Digital Banking 150

Digital Banking America Policies Fintech 150

PYMNTS

OCTOBER 22, 2020

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well. Mitek, a top developer of digital identity verification and mobile check deposit technology, announced on Thursday (Oct.

Technology 134

Technology Comparison Security Customer Experience 134

PYMNTS

OCTOBER 6, 2020

PYMNTS' October Banking As A Service Playbook: Powering The Next Generation Of FinTech Innovation , a collaboration with Transcard , examines developments around banking as a service (BaaS) and how its digital-first nature makes it ideal for current banking needs. Side-By-Side’ Banking Systems.

Innovation 161

Innovation Study System Fintech 161

PYMNTS

OCTOBER 19, 2020

The release lists them all: Archa , Associated Bank , Barclays Bank US , BECU , Berkshire Bank , BMO Financial Group , Charity Charge , Davivienda , Doconomy , DZ BANK , E. &

New York 140

New York Digital Strategies Cards Community 140

PYMNTS

OCTOBER 1, 2020

Yet, many of those disbursements are neither digital nor instant and available for consumers and microbusinesses to access and spend on demand, PYMNTS’ latest Disbursements Satisfactory Report found. Both deposit money into their bank accounts, even though they take different amounts of time for funds to made available. Fast Fact No.

Trends 306

Trends Study Taxes Payments 306

PYMNTS

OCTOBER 23, 2020

All-in-one banking app Lili , which is typically used for freelancers, has raised $15 million in a funding round, a press release says, bringing its total raised to $25 million. The release says almost 10,000 people have started using Lili since it launched, but average spending per customer has more than doubled in 2020, the release says.

Capital 170

Capital Leadership Taxes Google 170

PYMNTS

OCTOBER 14, 2020

The year 2020 was going to be a wild ride for London’s financial services firms even without COVID-19. And while she’s worried about those small firms, Crosswell is encouraged by the interest that’s still there — particularly in the arena of digitally transforming large financial institutions (FIs). The New Normal.

Fintech 258

Fintech Industry Innovation Charlotte 258

PYMNTS

OCTOBER 23, 2020

Morgan Chase is banking on QuickAccept to edge out FinTech rivals Square and PayPal. JPMorgan Chase is banking on QuickAccept to edge out FinTech competitors PayPal and Square. 2021: The Year Business Payments Go Digital And Lose The Paper Check. 2021: The Year Business Payments Go Digital And Lose The Paper Check.

Apple 149

Apple Maine Millennials Bitcoin 149

PYMNTS

OCTOBER 22, 2020

He describes to PYMNTS how Feedzai has helped its customers adjust and implement effective defenses against financial crime and react appropriately in a digital age. When it comes to 2020 (and beyond?), While the adoption of mobile banking technology has been on the rise over recent years — reaching majority preference in U.K.

Fraud 130

Fraud Mobile Online Analysis 130

PYMNTS

OCTOBER 14, 2020

Goldman Sachs ’ latest results showed continued traction in its digital, consumer banking efforts even as its core trading and asset management segments soared. Consumer banking was $326 million, up 50 percent year over year and 26 sequentially. In terms of headline numbers, the earnings per share of $9.68

Apple 146

Apple Management Cards Course 146

PYMNTS

OCTOBER 30, 2020

Bain Capital Ventures: 2020 Is B2B Payments’ Breakout Year. Bain Capital Ventures’ partner Matt Harris told PYMNTS that 2020 marked the tipping point for commercial payments. “I I think in terms of market recognition, 2020 was the breakout year — [and] in terms of commercial adoption, 2021 will be more like it,” Harris said.

Technology 161

Technology Apple Payments Capital 161

Cisco

OCTOBER 5, 2020

Sibos 2020 is upon us. Cisco can help banks build a digital-ready network that transforms banking infrastructure and delivers results. The post Sibos 2020 Know Before You Go appeared first on Cisco Blogs. For a while now the financial services industry has been moving towards a technology-driven future.

Leadership 81

Leadership Conference Innovation US 81

PYMNTS

OCTOBER 14, 2020

AppotaPay announced that it has received an intermediary payments license from the State Bank of Vietnam, which gives it the ability to offer electronic payment gateways as well as e-wallet and collection services, according to a Wednesday (Oct. Vietnam’s digital payment market is forecasted to hit $8.6 14) Tech in Asia report.

Payments 130

Payments Groups Operations Marketing 130

PYMNTS

OCTOBER 28, 2020

In today’s top news in digital-first banking, Oracle is introducing new cloud offerings to provide smaller banks with the tools to combat large-scale money laundering schemes, while the Automated Clearing House saw a sizable increase in acidity in Q3. Oracle Launches New Cybersecurity, AML Apps for Smaller Banks.

Report 102

Report Regulation Tools Compliance 102

PYMNTS

OCTOBER 2, 2020

In an interview with Karen Webster, Jim McCarthy , president at i2c , said that a great digital shift will spur tie-ups of all sorts — from partnerships to outright buyouts — as incumbents seek to move quickly to modernize their tech stacks. to go public. And companies must deliver — or risk being rendered obsolete.

Payments 277

Payments Innovation Capital Fintech 277

PYMNTS

OCTOBER 9, 2020

Justice Department report is taking aim at the “emerging threats and enforcement challenges” associated with digital currencies, establishing a “Cryptocurrency Enforcement Framework” to address problems. That includes direct engagement with banks, financial institutions (FIs) and the community of actual cryptocurrency users. “To

cryptocurrency 205

cryptocurrency Bitcoin US Security 205

PYMNTS

OCTOBER 22, 2020

When the pandemic hit, Elan recognized the need to help its 1,300+ banking partners adapt and adjust so they could better serve their own customers. This channel has seen exponential growth since March 2020, partially driven by an increased reliance on drive-up windows, where the technology works very well.

How To 130

How To Fraud User Experience Cards 130

PYMNTS

OCTOBER 21, 2020

But the 2020s could be the decade of sustainability rewards — and a time when credit card purchases take a turn towards protecting the environment. That’s according to Mastercard Chief Digital Officer Jorn Lambert , who told Karen Webster recently that today’s consumers simply have different values than those 10, 20 or 30 years ago did.

social media 251

social media United States Cards Trends 251

PopularBank

OCTOBER 28, 2020

SAN JUAN, Puerto Rico – October 28, 2020 – Popular, Inc. Popular”) (NASDAQ: BPOP), bank holding company of Popular Bank, today announced Popular Bank’s strategic realignment of its New York Metro branch network. million are expected to be recognized in the fourth quarter of 2020. million, of which $23.1

Puerto Rico 52

Puerto Rico New York Metro Community 52

PYMNTS

OCTOBER 21, 2020

But connecting a voice assistant to a smart speaker was novel, and it opened voice as the next channel in the expanding digital frontier for connected consumers. The PYMNTS/Visa How We Will Pay Study; 2020 Edition tells us that home is no longer merely where the heart is.

Millennials 150

Millennials Retail Report Mobile 150

CB Insights

OCTOBER 26, 2020

In 2006, investment banks were at the top of the finance world. After the collapse of Lehman and Bear Stearns and the global financial crisis that ensued, the business models of the world’s biggest investment banks needed to change. As a result, banks are facing dropping IPO profits. Some banks have collapsed.

Management 78

Management Capital Company Marketing 78

The Paypers

OCTOBER 14, 2020

Digital smart open banking app sync. has announced its selection in the Qatar Fintech Accelerator , which starts on 14 October 2020, according to the official press release.

Fintech 28

Fintech 28

PYMNTS

OCTOBER 28, 2020

It is also why CO-OP is purposefully investing in its ecosystem of products and financial technology services that will help CUs close some of those digital and payments gaps he spoke of. That means creating a system where members know they can pay how they want, when they want and wherever they want when they’re transacting digitally.

Payments 151

Payments Fraud Innovation Tools 151

FICO

OCTOBER 16, 2020

With ambitious goals to open up banking and decimate fraud, PSD2 has taken a long time to deliver, and we’re not quite there yet. Banks and their customers, it seems, are on the same page about this. And perhaps more importantly, are their customers? This trend holds true for both Germany and Sweden.

Survey 52

Survey eBook Cards Meeting 52