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Making A Sizzling Leap Into Digital Banking

PYMNTS

Home sales were up 34 percent in the month, the best showing since 2012. Home sales: In a sign that U.S. consumers (and credit, in the form of mortgages) remain willing to spend, homebuilders report their healthiest January in years. the value of contactless commercial card payments (both debit and credit) jumped 24 percent in 2019.

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Deep Dive: How FIs, Customers Are Navigating The Coronavirus-Inspired Spike In Digital Banking Demand

PYMNTS

Banks must now consider how to best expand remote services and emphasize these channels once consumers can safely visit branches again. This month’s Deep Dive examines how consumers are approaching digital banking and how FIs are leveraging online and mobile channels to prevent service gaps during the pandemic.

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Stop Working on Your App Immediately

Bank Innovation

NEW ORLEANS — Banking apps are out. That’s the word out of Digital Banking 2016 here, where bankers outnumber entrepreneurs (but not vendors). The mobile banking app traces its roots to SMS banking back in 1999. Since 2012, it has been the fastest growing technology in banking.

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Clash of clans … or new bank versus old bank (Fidor, BPCE) 

Chris Skinner

I was talking with some friends at the most innovative bank in Europe that has stopped getting on my radar for the past few years. I first blogged about them back in 2012, when I met the founder at an event. That bank is called Fidor.

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Deep Dive: Why Video-Based KYC Is Key To Seamless, Cost-Effective FI Onboarding

PYMNTS

identities took center stage in 2012 — the year HSBC, Europe?s s largest bank, was fined nearly $2 billion for allowing $881 million in laundered cash to pass through accounts linked to Mexican drug cartels. The London-based bank?s adult consumers are more likely to use digital banking in response to these mandates.

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Silicon Valley’s Plaid Heads to the U.K., Undeterred by Brexit

Bank Innovation

Founded in 2012, San Francisco-based Plaid helps customers and banks transmit data back and forth. Fintech startup Plaid Inc. is expanding its footprint into the U.K., a region it believes could eventually match the U.S. in terms of revenue, despite political uncertainty.

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Facebook’s Sandberg Pushes Back On Antitrust Allegations

PYMNTS

The lawsuits filed this week could break up Facebook’s ownership of Instagram, acquired in 2012, and WhatsApp, snapped up in 2014. M&A activity is expected to escalate post-pandemic, Doug Brown, digital banking senior vice president and general manager at NCR, told PYMNTS. .