Sat.Aug 29, 2020 - Fri.Sep 04, 2020

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How CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. A relationship-based, community focus in a digital world. Balancing digitization and personal service.

Lending 259
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Re-Examining The Role Of Correspondent Banking

PYMNTS

More money crossing borders digitally. Fewer correspondent banks to move that money. For instance, the number of active correspondent banks fell about 23 percent in advanced economies, but as much as 41 percent in developing nations. And as the BIS reports, the number of banks is declining.

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How CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. A relationship-based, community focus in a digital world. Balancing digitization and personal service.

Lending 195
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Analyst See Yuan Rising As Reserve Currency

PYMNTS

Reserves are funds central banks hold in currencies other than their own. We expect private and reserve managers will generate more than US $150 billion in total portfolio inflows to China in 2020, for the third consecutive year, highlighting the transformations underway,” the Morgan Stanley report said, per CNBC. 4) and cited by CNBC.

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Bitcoin Daily: US Looks To Confiscate Almost $400M In OneCoin Case; ‘Crypto-Friendly’ Neo-Bank Cashaa Notches $5M

PYMNTS

million of funds from a “wire fraud scheme” involving a so-called digital currency called OneCoin from 2015 to 2018, according to the letter. In other news, “crypto-friendly” neo-bank Cashaa has notched $5 million from blockchain investment and advisory company O1ex, according to an announcement. “As

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Walmart+, Amazon Pay, and The Battle For The Digital Consumer Top This Week's News

PYMNTS

We dive into PayPal's installment options, consumer trust in digital banking, and Walmart and Amazon's battle for the digital consumer. Walmart+ And The Changing Digital Commerce Landscape. New Data: How Online Merchants Build Consumer Trust In The Digital 3.0 Walmart Inc. Trackers and Reports.

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Credit Unions Are Betting On Microbusinesses

PYMNTS

PYMNTS’ August 2020 Credit Union Tracker® , done in collaboration with PSCU , examines the microbusiness landscape as the fog of COVID-19 begins to lift and new needs are clarified. Advanced Banking Tech for Small Operators. percent of these credit unions are eyeing mobile banking capabilities, while 61.1

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