Gonzobanker

DECEMBER 22, 2020

Bankers started the year with good business plans, strong balance sheets, and optimism. Even George Bailey would have given you the thumbs up. “I learned a long time ago that reality was much weirder than anyone’s imagination.” ” – Hunter Thompson. Well, HST and Big Bird had it right. Everything.

Idaho 180

Idaho Community Industry Strategy 180

PYMNTS

OCTOBER 6, 2017

5), Alenka Grealish, senior analyst at Celent, penned an article for American Banker with a prediction: The small business (SMB) credit space is headed for a “shake-up.” Indeed, the remainder of 2017 and 2018 will see more partnerships between the banks and FinTechs.”. On Thursday (Oct. The company, based in the U.K.,

Lending 152

Lending Capital Marketing Report 152

PYMNTS

MARCH 2, 2018

and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend. Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 For markets like the U.K.,

Fintech 118

Fintech Capital blockchain Lending 118

Gonzobanker

SEPTEMBER 4, 2018

Customers love digital self-service—right up until they don’t, and then they want a live person. In our work with banks and credit unions around the country, an unavoidable truth comes up again and again: Even the flashiest digital strategy falls flat without the backing of a strong contact center.

Technology 117

Technology Resources Fraud Strategy 117

Abrigo

JULY 25, 2023

Financial institutions will have different appetites, so they will have time to learn about it and learn from the activity of others.” - Russ Chacon, VP of Product Management, Abrigo Here are some fast facts about FedNow instant payments to help financial crime professionals get up to speed: Not mandatory; no implementation deadline.

Fraud 195

Fraud Payments Security Resources 195

Fintech Labs Insights

FEBRUARY 17, 2017

After ‘great’ and ‘#fintech’, the next most talked topic was PSD2, reflecting the amount of debate this upcoming regulation is stirring up. American Banker. 9 lutego 2017 r. FINOVATE EUROPE 2017 – LONDON. FinovateEurope 2017: designing good finance. Finovate Europe 2017 preview. by Bryan Yurcan.

Fintech 16

Fintech Innovation Conference Groups 16

Jeff For Banks

DECEMBER 16, 2022

I call this "pulling into the pits" in my book: Squared Away-How Can Bankers Succeed as Economic First Responders. And I am weary of the persistent "get big or get out" mentality of many industry pundits. If their platitudes about scale are correct, then the largest FIs should logically demonstrate better shareholder returns, right?

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

PYMNTS

NOVEMBER 4, 2019

Other Signs of Popularity. Venmo was up 64 percent year on year, said management. P2P payment services are stretching their wings, headed into the new decade with mostly robust growth – and even some new plans to gain customers and keep a tight hold on existing consumers. Today, one in two adults with a U.S. That’s not all.

Groups 101

Groups Payments Mobile Dallas 101

Gonzobanker

APRIL 18, 2017

In a recent survey conducted by Cornerstone Advisors, bank CEOs were asked about their top concerns, priorities and initiatives for 2017 and beyond. Commercial cash management/fee income (sixth in 2015, second for 2016 and 2017). Small business market share (fourth in 2015, third in 2016, and now eighth in 2017). <= $10B. >

Lending 60

Lending Strategy Management Marketing 60

PYMNTS

MAY 22, 2018

Even big brick-and-mortar players like Macy’s have shown signs of reversing their recent ill fortune by luring customers back into their stores. Even big brick-and-mortar players like Macy’s have shown signs of reversing their recent ill fortune by luring customers back into their stores. household indebtedness. indebtedness in 2018.

Lending 108

Lending Cards Maine Comparison 108

PYMNTS

DECEMBER 22, 2016

As 2016 wraps up, PYMNTS reconnected with Britt to reflect on the year in banking and look ahead to what 2017 could have in store. He pointed to a recent report from the Federal Reserve that found 46 percent of Americans could not come up with $400 in case of an emergency. Doing what the big banks won’t?

Millennials 100

Millennials Digital Banking Mobile Industry 100

CB Insights

OCTOBER 26, 2020

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. In the US, legislation emerged to forbid investment banks from prop trading, or trading with their own capital, and forcing them to keep more capital on hand.

Management 78

Management Capital Company Marketing 78

PYMNTS

JANUARY 31, 2019

In an interview with American Banker earlier this month, Trustar CEO Shaza Andersen said the institution could open its doors as early as this June, with plans to raise up to $50 million in initial capital, the publication said. Bloomberg listed Casey G. Mauldin as MOXY’s Chief Executive Officer, with William M.

Community Bank 122

Community Bank Community FDIC Marketing 122

FICO

DECEMBER 14, 2016

Let us move on to 2017. A plethora of payment apps emerged in 2016, further upping the already densely populated payments landscape. Prediction: Fintechs will not keep acting like carefree start-ups. It’s great being a fintech start-up. Source: New York Times. What does this mean for banks? Not so with payment apps.

Mobile 40

Mobile Fintech Payments Regulation 40

Abrigo

FEBRUARY 2, 2020

The United States was criticized when the Panama Papers and the Paradise Papers were leaked in 2016 and 2017, respectively. Key Takeaways The global AML community has long seen the U.S. as behind in KYC. The CDD Rule has strengthened U.S. CDD expectations – both at onboarding and with ongoing monitoring. financial system. In fact, the U.S.

United States 195

United States Regulation Delaware Policies 195

Independent Banker

AUGUST 31, 2021

Bob Moore, Augusta Food Bank’s executive director, says traffic was backed up for miles. That day’s event was just one of the many ways in which Kennebec Savings Bank stepped up to help its community in 2020. A local stalwart since its founding in 1870, the community bank was signed into existence by Civil War hero and Gov.

Community Bank 196

Community Bank Community National Fresno 196

Gonzobanker

SEPTEMBER 11, 2018

But bankers, PIN network and card processor contract negotiations should never be coupled. But bankers, PIN network and card processor contract negotiations should never be coupled. 01, which sounds like a 50% reduction, except that the institution may be signing up for a network that pays only $0.22 02 per transaction.

Payments 68

Payments Cards Branding Data 68

PYMNTS

JULY 20, 2017

The British Bankers Association (BBA) reported 19.6 BBA also reported use of banking apps rose significantly by 356 percent between 2012 and 2017, with customers using apps more frequently to perform a variety of banking tasks beyond simply checking their account balances. The trend is mirrored in the U.K. million U.K.

Digital Banking 128

Digital Banking Video Mobile Survey 128

PYMNTS

DECEMBER 27, 2018

Starting with the Cambridge Analytica scandal, which saw some 87 million Facebook users’ data end up in the hands of a political consulting group without their consent, CEO Marc Zuckerberg found himself on Capitol Hill. The Facebook Follies. It has not been an easy year for Facebook. Tap-To-Pay Inches Into The U.S. Outside the U.S.,

Retail 123

Retail Online Cards United States 123

CB Insights

OCTOBER 31, 2019

In this report, we round up the industries where the real “chatbot revolution” is taking place — and highlight the most important lessons for companies hoping to leverage the technology. That year, Facebook made the Messenger bot platform the centerpiece of its F8 developer conference. There are many reasons why chat didn’t take off in 2016.

Industry 78

Industry Examples Tools Retail 78

Fintech Labs Insights

SEPTEMBER 24, 2020

And it has a unique pedigree, originating within Eastern Bank , which earlier spun out Numerated (2017). However, small businesses can sign-up directly, though the landing page to do so is not even mentioned on Monit’s homepage. A nice gain on paper for Eastern’s 25% initial stake. Can Eastern do it again with Monit?

Fintech 15

Fintech Boston Tools Innovation 15

Fintech Labs Insights

SEPTEMBER 24, 2020

And it has a unique pedigree, originating within Eastern Bank , which earlier spun out Numerated (2017). However, small businesses can sign-up directly, though the landing page to do so is not even mentioned on Monit’s homepage. A nice gain on paper for Eastern’s 25% initial stake. Can Eastern do it again with Monit?

Boston 15

Boston Fintech Tools Innovation 15

Fintech Labs Insights

OCTOBER 3, 2016

With the third annual FinDEVr Silicon Valley 2016 only a few weeks away (and tickets still available ), it’s a great time to look back and see what the FinDEVr alums have been up to this year. Teamed up with Harman to safeguard IoT data. Signed deal with Vision FCU to provide its money management app. in one year.

San Francisco 18

San Francisco Taxes Lending Colorado 18

Gonzobanker

DECEMBER 19, 2016

A deep mistrust is growing for anything that feels bureaucratic or obfuscated, and bankers stand at a crossroads as to where they may fall in this shakeout. In the post-Wells-scandal world where the shift from people and bricks to machines and digital is getting very real, bankers are scrambling to build new generations of their businesses.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

A deep mistrust is growing for anything that feels bureaucratic or obfuscated, and bankers stand at a crossroads as to where they may fall in this shakeout. In the post-Wells-scandal world where the shift from people and bricks to machines and digital is getting very real, bankers are scrambling to build new generations of their businesses.

Utah 60

Utah System Community Marketing 60

CB Insights

NOVEMBER 9, 2017

Note: We last updated this post in November 2017. In July 2017, device maker Jawbone became one of the most spectacular failures in the history of startups. With its demise, Jawbone become the second-costliest VC-backed startup failure of all time (per CB Insights’ 2017 Hardware Failure report ). A most-wanted founder.

Capital 78

Capital Company San Francisco Operations 78

PYMNTS

FEBRUARY 24, 2017

While everyone is gearing up for the Oscars, some of us may be in La La Land blithely ignoring smoke coming from the auto industry. Turns out numbers are popping up in other places that corroborates the bigger picture. Mobile is the wave of the future in payments, and the wave shows no sign of cresting. From Ring comes ca-ching.

Lending 101

Lending New York Retail CA 101

Gonzobanker

FEBRUARY 4, 2019

In Cornerstone Advisors’ annual What’s Going On In Banking study, CEO optimism hit a five-year high in 2017 and, for the most part, stayed that way for 2018. Looking ahead to 2019, however, many bank and credit union execs are singing a different tune. Robert Bradley, chief risk officer at $1.3 billion Bank of Tennessee in Kingsport, Tenn.,

Technology 79

Technology Survey Tennessee Strategy 79

PYMNTS

MARCH 24, 2017

The Main Street storefront: Growing so rapidly, one must wonder if there are enough hammers, nails and plaster to keep up. The fitness industry was up 6 percent, driven in part by 7 percent employment growth. Clearly the smaller business climate is muscling up. Vance had touched on this at IP 2017. They may have to wait.

Bitcoin 100

Bitcoin Maine Retail Lending 100

CB Insights

FEBRUARY 8, 2018

Last September, JPMorgan Chase CEO Jamie Dimon took a stab at Bitcoin: “It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.”. Lloyd Blankfein, head of Goldman Sachs echoed that thought, saying, “Something that moves 20% [overnight] does not feel like a currency. It is a vehicle to perpetrate fraud.”.

blockchain 78

blockchain Bitcoin cryptocurrency Security 78

Abrigo

JULY 23, 2021

Takeaway 1 The threat of the proliferation of weapons of mass destruction is very significant and the consequences are severe. Takeaway 2 Nuclear proliferation is a threat across the globe due to proliferators' worldwide procurement methods. Included as a Priority is Proliferation Financing. Foreign proliferation threats.

National 195

National Training United States Regulation 195

PYMNTS

SEPTEMBER 12, 2017

Among the CDIA’s arguments were that the rule would inflict extensive material damage to their core business, and could open them up to unending class actions suits. Consumers who have just been breached will certainly bristle at signing away their rights to join a class and file suit. According to L.A.

Groups 119

Groups Alaska Louisiana Industry 119