Chris Skinner

JUNE 4, 2018

Hence, I can claim that Banking-as-a-Service (BaaS) is mine. That’s because I was presenting the idea ten years ago and blogged about it in February 2009. Now, no idea is unique, and the BaaS idea … The post #Money2020Europe Day One: Will banks become ‘safes’ for data?

Data 199

Data Digital Banking Innovation Fintech 199

PYMNTS

AUGUST 22, 2016

Digital alternatives may rid the world of some of life’s inconveniences, but for the banking sector, a trip to the local branch is not yet replaceable. Although consumers are increasingly turning to digital banking services, many still cling to the services of their brick-and-mortar counterparts — the stalwarts of the finance industry.

FDIC 100

FDIC Data Digital Banking Operations 100

Gonzobanker

JULY 7, 2015

Yet while the demos and screen shots at events like Finovate have provided fascinating fodder regarding the future of digital banking, the FACTS show that these buzz-worthy players have had infinitesimal impact on market share. Ally Bank $23,212,768 $60,709,382 $37,496,614. Green Dot Bank (Go Bank) 28,553 725,719 697,166.

Digital Banking 60

Digital Banking Industry Capital Strategy 60

PYMNTS

JULY 1, 2020

Since it was launched in 2009, the monies have financed a total of $35 billion in trade, with $13 billion in low-income and lower middle-income countries and $3.5 In May, Citi said use of its digital banking channels surged in the first quarter of 2020 as the COVID-19 pandemic swept the globe. But the trade finance gap remains.

Marketing 232

Marketing Washington New York Fintech 232

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

PYMNTS

JULY 1, 2020

Since it was launched in 2009, the monies have financed a total of $35 billion in trade, with $13 billion in low-income and lower middle-income countries and $3.5 In May, Citi said use of its digital banking channels surged in the first quarter of 2020 as the COVID-19 pandemic swept the globe. But the trade finance gap remains.

Marketing 193

Marketing Washington New York Fintech 193

PYMNTS

OCTOBER 1, 2020

Italian PayTech firm Nexi has inked a partnership with FinTech Ebury , which offers international transaction banking services to companies, according to an announcement. Ebury, which was started in 2009 and has offices in more than 20 nations, becomes a part of Nexi Open with the deal.

Fintech 228

Fintech Data Risk Management Management 228

PYMNTS

MAY 28, 2020

In the May Digital-First Banking Tracker® , PYMNTS explores the latest in the world of digital-first banking, including the challenges facing deployment of APIs amid the COVID-19 pandemic, new online initiatives from nationwide FI chains and community banks and the security challenges that are plaguing digital banking programs.

Community Bank 176

Community Bank Community Security Digital Banking 176

Jack Henry

JULY 13, 2023

As deposits reach their lowest levels since 2009 – when many younger bankers were still in college ‒ the mission to attract and grow deposits is a fairly new concept. I learned quickly that fishing isn’t as easy as it looks – which is why it’s referred to as “fishing” and not “catching.” Deposits are critical for an array of reasons.

Florida 78

Florida Lending Strategy Management 78

PYMNTS

MARCH 18, 2019

recently fell to the lowest rate since the 2007-2009 financial crisis, but a new product launch from JPMorgan Chase & Co. According to the Federal Deposit Insurance Corporation (FDIC), the percentage of unbanked Americans fell to its lowest level since the 2007-2009 financial crisis. The percentage of unbanked people in the U.S.

America 175

America Survey FDIC System 175

Let's Talk Payments

JUNE 4, 2019

My most recent experiment has led me down the not so linear path of neo-banks, not to be confused with Neo from The Matrix. Although a fully digital bank does sound a bit Matrix-esque… But I digress. The concept of neo-banks is said to have truly started in 2009, with the UK as the standout.

Fintech 75

Fintech US Study Analysis 75

Chris Skinner

JULY 26, 2016

In 2009, I coined the word BaaS. Instead, BaaS stands for Banking-as-a-Service. No, nothing to do with sheep!

Fintech 150

Fintech Branding Digital Banking Innovation 150

PYMNTS

AUGUST 22, 2016

Which is a bit of a problem, since there are objectively fewer banks now than there were even five years ago. According to the FDIC, banking branches are at their lowest level in a decade with only 93,283 left open. Physical banks reportedly hit their peak in 2009 and have declined 6 percent since then.

FDIC 100

FDIC ATM Community Bank Digital Banking 100

Cisco

APRIL 12, 2022

This promoted how convenient Bank of America branches were in most places, almost on every street corner like Starbucks. In 2009 when the closing of branches trend began the U.S. banks shuttered 2,927 branches, according to S&P Global Market Intelligence data. had nearly 100,000 branches. In 2021 on net, U.S.

America 109

America Customer Experience Operations Survey 109

Chris Skinner

MARCH 15, 2017

These new entrants join a number of more established mid-sized full service banks, such as CYBG (the owner of Clydesdale Bank and Yorkshire Bank brands) as well as other smaller, specialist players such as Aldermore (founded in 2009) and Secure Trust (operating since 1954).

Regulation 291

Regulation Retail Survey Mobile 291

PYMNTS

FEBRUARY 19, 2020

Since 2009, bank branches have been steadily declining from a high of near 100,000. In excess of 13,200 branches have closed in the past 10 years as the industry has gone digital, JLL said. There was a 2.2 percent drop during the same time period a year earlier, the research showed. markets in the study.

New York 167

New York North Carolina US New York City 167

PYMNTS

NOVEMBER 9, 2020

The Tracker also examines how mobile and instant disbursement tools could be essential to making sure these individuals are still able to participate and transact within the digital banking world. percent in 2019, its lowest rate in a decade since the FDIC first began tracking this statistic in 2009.

Tools 203

Tools Mobile FDIC Examples 203

Independent Banker

OCTOBER 31, 2021

When they can’t—or simply don’t want to—come to a branch, being able to open an account digitally is important, and increasingly in demand. customers expect to increase their use of digital banking channels once the COVID-19 crisis passes. A recent McKinsey & Company report found that 15% to 20% of U.S.

Idaho 134

Idaho Community Bank Community New Jersey 134

Fintech Labs Insights

AUGUST 25, 2016

This week digital banking solutions provider Meniga announced an $8.2 The UK-based company has assigned the funds to bolster its personalized digital banking platform, an offering already in use by Santander , Intesa Sanpaolo, mBank, and ING Direct. million (€7.3 million) round of funding it secured earlier this year.

Digital Banking 12

Digital Banking Capital Compliance Tools 12

Fintech Labs Insights

SEPTEMBER 16, 2016

Alkami Technology , which demoed at FinovateStartup 2009 as iThryv and transitioned to its current incarnation a year later , announced this week that Desert Schools Federal Credit Union will use its ORB (Online Relationship Builder) digital banking platform.

Digital Banking 12

Digital Banking Technology Arizona Texas 12

Fintech Labs Insights

OCTOBER 17, 2016

Alkami Technology is partnering with credit union service organization, Open Technology Solutions (OTS), to bring its ORB Digital Banking Platform to member CUs in states from Colorado to Maryland. “We look forward to supporting this journey as their digital banking partner of choice,” he said.

Digital Banking 12

Digital Banking Technology Idaho User Experience 12

PYMNTS

MAY 24, 2016

The rise in digital and online banking hasn’t deterred banks in the U.S. Financial Times reported that just one in 30 bank and credit union branches has been forced to shutter its doors since 2009, despite the massive surge in digital FinServ and a subsequent drop in transactions completed by the physical locations.

Fintech 100

Fintech America Retail Report 100

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players.

Innovation 15

Innovation Fintech Online Mobile 15

Fintech Labs Insights

AUGUST 21, 2014

Relationship mortgages __ In late 2009, I refinanced my home through what was then ING Direct. While the process wasn''t perfect ( see post) , it went pretty smooth and I''ve been happy with the bank even as it transitioned to Capital One ownership.

Digital Banking 25

Digital Banking Lending United States Regional 25

PYMNTS

AUGUST 5, 2019

It seems fraudsters have found a rich vein that exploits the same technology deployed by banks to make cashing checks less of a hassle for their customers, enabling remote mobile check deposits tied to their digital banking apps. Mobile Check Capture Circa 2009. Fraudsters count on that, he pointed out.

Fraud 162

Fraud Payments Mobile Handbook 162

Gonzobanker

MARCH 6, 2018

Wells Fargo, Bank of America and Chase opened more new checking accounts in the last year than the next 17 largest banks combined and have more than 70 million total mobile users. Meanwhile, Wells plans to close 450 branches by 2019, BofA has closed 1,600 branches since 2009, and Chase closed 365 since 2015.

Strategy 89

Strategy Marketing Mobile Trends 89

Fintech Labs Insights

MAY 12, 2021

But as you can see from the chart below, the digital SMB lenders started in earnest during and right after the 2007/2008 financial crash. Whereas, 3 of the 5 largest were founded in 2007, 2008, and 2009. As a side note, there have been no major digital lenders founded in the past 30 months. Funding $M. Visitors (Apr21).

Atlanta 15

Atlanta Utah DC Detroit 15

American Banker

APRIL 27, 2016

Credit to young adults largely dried up following the CARD Act of 2009, which changed the way banks and others could market to the group. Two startups are working to educate millennials on the importance of credit and issue them small credit lines.

Millennials 28

Millennials Cards Groups Marketing 28

Fintech Labs Insights

JUNE 29, 2023

Block/Square FAB Score = 5,130 (up 600) – HQ: San Francisco – Founded: 2009 – Went public Nov 2015 ( NYSE:SQ ) at $2.9B The post Top 9 Online Digital Payment Processors for Small Businesses (SMB): June 2023 first appeared on Fintech Labs SMB Center. including $6.5B in 2023 and $600M in 2021 ( Crunchbase ) – Website visits: 58.6 (May

Online 15

Online San Francisco Payments Fintech 15

Celent Banking

FEBRUARY 10, 2016

Payment APIs have grown by almost 2,000% since 2009, with Financial APIs growing at more than 470% during that time. Banks embrace APIs to modernize and streamline back-office connectivity, especially for customer-facing digital channels. These include PayPal, Stripe, Authorize.Net and LevelUp.

Data 100

Data Groups Fintech Report 100

Fintech Labs Insights

APRIL 7, 2017

Digital banking solutions company Meniga has brought in $8 million (€7.5 Founded in Iceland in 2009, Meniga helps banks in 18 markets leverage their customer data to market and up-sell products and services to the banks’ 40 million end customers.

Data 21

Data Meeting Digital Banking Capital 21

PYMNTS

DECEMBER 7, 2017

In 2009, said Maoloni, the world started adopting mobile banking, and so did Interac. FIs that integrated the product built their own custom solution around it to deliver a unique experience to end customers, while also leveraging their strong Canadian household name.

Payments 102

Payments System Security Course 102

Fintech Labs Insights

JULY 28, 2016

Digital banking pioneer Fidor Bank has been acquired by Groupe BPCE of France. Terms were not disclosed, and Fidor Bank founder and CEO Matthias Kröner will remain with the company. ” Kröner, whose bank expanded to the U.K. ” Kröner, whose bank expanded to the U.K.

Groups 12

Groups social media New York Digital Banking 12

Fintech Labs Insights

NOVEMBER 19, 2021

But as you can see from the chart below, the digital SMB lenders started in earnest during and right after the 2007/2008 financial crash. Whereas, 3 of the 6 largest were founded in 2007, 2008, and 2009. Digital Lenders: Year Founded. Founded: 2009 (originally as BillFloat). Prior to 2007 >>> 4. Lendistry.

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

MAY 12, 2021

But as you can see from the chart below, the digital SMB lenders started in earnest during and right after the 2007/2008 financial crash. Whereas, 3 of the 5 largest were founded in 2007, 2008, and 2009. As a side note, there have been no major digital lenders founded in the past 30 months. Founded: 2009. Funding $M.

Atlanta 15

Atlanta Utah DC Detroit 15

Fintech Labs Insights

NOVEMBER 29, 2016

Five Degrees’ Matrix digital banking platform provides retail and private banks with a fully automated solution that supports any product or channel via a web-based, mid office environment connected to either the client’s legacy back office or Matrix’s.

Retail 12

Retail Fintech Technology Digital Banking 12

Fintech Labs Insights

JUNE 14, 2016

Drossaert comes to Fidor with more than 20 years experience in finance and IT, having worked as CTO Banking & Capital Markets for Asia, Middle East, and Africa for Computer Sciences Corporation and as Head of Transformation and Change at Saudi Hollandi Bank.

San Francisco 12

San Francisco Management New York Innovation 12