PYMNTS

MARCH 22, 2018

But even as more consumers use mobile and online banking apps than ever before, they are frustrated by the experience when they log on, and still prefer visiting a bank branch for more involved transactions. . Around the Digital Banking World. It’s an ambitious plan, as the U.K. <FORM TK> About the Tracker.

Digital Banking 152

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PYMNTS

JULY 29, 2019

A company called Glint Pay has launched a debit card that’s backed by gold instead of currency, according to a report in The Denver Post. The card was released in the U.S. The debit card was introduced early in 2018 in Europe. Users are then given a debit card, licensed by Mastercard USA. on Monday (July 29).

Cards 191

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PYMNTS

AUGUST 11, 2020

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. million in 2018 — according to CNBC. The company’s revenues actually tripled last year, increasing 180 percent to £162.7 ($213 million) from 2018. million (£106.5

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BankInovation

MAY 6, 2022

Founded in 2018, kevin. facilitates card-free payments between banks and merchants and posits itself as a “leader” in web- and app-based A2A payments in Europe, according to a release. Lithuanian account-to-account (A2A) payments fintech kevin. raised $65 million in a series A round, the company announced Tuesday.

Fintech 98

Fintech Digital Banking Payments Cards 98

PYMNTS

SEPTEMBER 11, 2019

We’re not a mobile wallet or simply a mobile app piggybacking on an existing bank,” noted Kuda Co-founder Babs Ogundeyi. Ogundeyi, who previously held a financial advisory role with the Nigerian government, co-founded Kuda in 2018 with Musty Mustapha, a former Stanbic Bank software developer. “We

Digital Banking 181

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PYMNTS

MAY 7, 2019

Citigroup is the world’s largest credit-card issuer, with about 28 million customers, but the gap between its credit business and retail banking has grown larger. To combat this, Citi has begun testing perks for credit cards to encourage customers to get other banking products.

Cards 143

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PYMNTS

SEPTEMBER 11, 2019

As reported in this space, and via announcement sent to PYMNTS, the company’s CEO and Founder Neil Ambikar said that the firm will look to accelerate growth, with an eye on rolling out application programming interface (API) enabled banking services.

Digital Banking 177

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PYMNTS

DECEMBER 29, 2019

million customers in 2019, offering those users a mobile app bank account and a distinctively-colored coral credit card. Monzo lost approximately £55m as of February 2019, a significant increase from £33m at the same point in 2018. RBS released Bó, yet another digital banking app. In the U.K.,

Capital 143

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PYMNTS

OCTOBER 12, 2017

Banking giant JPMorgan reported results that bested Wall Street estimates on Thursday, buoyed in part by strong growth in its card business and mobile initiatives. In the consumer and community banking segment, revenues were up 6 percent year on year to $12 billion. Credit card sales and merchant volumes were up 13 percent.

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PYMNTS

OCTOBER 13, 2019

The digital bank said at the Brazil Investment Forum in Sao Paulo that it has 15 million clients, according to Nubank founder and CEO David Vélez. Vélez said that 10 million out of the 15 million clients are holders of the bank’s credit card. “We Nubank offers a no-fee credit card funded in part by China’s Tencent.

Fintech 150

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PYMNTS

APRIL 13, 2018

Trading volatility ruled the game and headlines for the banks, but a number of other trends continued gathering momentum and added to results, including, for JPMorgan, digital banking efforts and a sanguine U.S. Supplemental materials released by the company showed that active digital customers stood at 47.9

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PYMNTS

JULY 30, 2019

Having a simple bank checking account costs an average a monthly maintenance fee of $13.58 Average overdraft fees are at $32.53, a slight decline year-on-year between 2017 and 2018, but still objectively high — and, statistically, more likely to affect low-income earners than higher-income earners. or $163 a year. In the general U.S.

Digital Banking 190

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PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. In terms of headline numbers, the banking giant reported earnings per share of $2.57, up 21 percent year on year and well above the $2.35 And in what may be a reflection of that same positive sentiment and activity, credit card loans were up 8 percent year over year to $168 billion.

Cards 131

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PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. In terms of headline numbers, the banking giant reported earnings per share of $2.57, up 21 percent year on year and well above the $2.35 And in what may be a reflection of that same positive sentiment and activity, credit card loans were up 8 percent year over year to $168 billion.

Cards 130

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PYMNTS

JUNE 21, 2019

A recent study conducted by financial services provider Kasasa and The Harris Poll found approximately 84 percent of Americans determine the products and services they desire first, then search for banks or CUs that offer them. percent of all CU members — currently offer some sort of credit card. The Appeal of CU-Issued Credit Cards.

Cards 102

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PYMNTS

FEBRUARY 26, 2020

“We recognize that almost all financial transactions are inherently social,” B-Social co-founder and chief executive officer (CEO) and founder Nazim Valimahomed told reporters in 2018. “We banking license. He expects to submit the full banking application in Q2 2020. In 2018 , the company raised £3.2

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Fintech Digital Banking Lending Meeting 130

PYMNTS

JUNE 14, 2020

Xapo , a crypto wallet and bitcoin custodian, will no longer deal in credit card payments for digital asset purchases, according to an email from the company, as reported by CoinDesk. Xapo will also implement new restrictions on bank transfers, depending on a user’s location.

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PYMNTS

JUNE 24, 2020

Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. million) to become a challenger bank. In December, PYMNTS reported Zopa expected to receive £130 million ($1.67

Security 215

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PYMNTS

JANUARY 12, 2020

It will integrate with the financial giant’s digital bank Marcus. Developers and software engineers who enhanced Clarity Money, a personal finance startup purchased in 2018 by Goldman Sachs, were assigned the Marcus app. People expect a digital bank to have an app,” Greco said. “We With $55 billion in U.S.

Mobile 131

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PYMNTS

JANUARY 8, 2019

By 2016, Chime was in the market with the full suite of features that digital banks offer today. As a pure-play digital bank, Chime offers as its primary product an entirely mobile/digital banking application that gives customers access to a network-branded debit card and a savings account.

Digital Banking 160

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PYMNTS

JANUARY 15, 2020

The financial institution said 29 percent of all consumer sales were digital and 53 percent of all digital sales came via mobile. As it stands, Bank of America now has 38.3 million active digital banking users, along with 29.2 million active mobile banking users. consumer cards. consumer cards.

America 132

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PYMNTS

DECEMBER 1, 2019

In December 2018, it became the first P2P lender to be granted a conditional banking license by the Financial Conduct Authority (FCA), with plans for its digital bank offering to include a fixed-term savings product, a credit card and a money management app. since its inception.

Digital Banking 142

Digital Banking Capital Regulation Lending 142

PYMNTS

MAY 3, 2020

Bó , the digital bank developed by U.K. High Street lender Royal Bank of Scotland (RBS), is being closed down by the British state-backed lender NatWest, following a six-month opening launch, according to a Yahoo Finance UK report. If a customer goes over that limit on several card payments, then they have to enter a pin.

Branding 181

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PYMNTS

NOVEMBER 23, 2020

Most of those solutions still rely heavily on checks and business credit cards — which are resource-consuming processes with higher risk[s] of misuse, fraud and theft,” Gitesh Athavale , head of product (cards) at Nium, told PYMNTS. Businesses interested in [digital] payment tools want fast, easy ways to adopt them.

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Bank Innovation

FEBRUARY 4, 2019

BBVA’s new Group CEO Onur Genç could barely get through a sentence during the bank's fourth-quarter earnings call without saying the word "digital."

Groups 170

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PYMNTS

OCTOBER 16, 2019

The financial institution said 26 percent of all consumer sales were digital and 52 percent of all digital sales came via mobile. In all, Bank of America now has 38 million active digital banking users, along with 28.7 million active mobile banking users. consumer cards. consumer cards.

America 116

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PYMNTS

FEBRUARY 17, 2020

British digital bank Monzo , expanding fast, wants to hire up to 500 people and (hopefully) reach 5.5 The bank is also preparing to try charging customers again to turn a profit. million customers in its British home base, boasting a bright coral card and spend-tracking data. million users this year.

Digital Banking 192

Digital Banking Survey Lending Capital 192

Bank Innovation

NOVEMBER 8, 2017

London-based fintech Revolut is the latest European startup to apply for a banking license, the company said today. Revolut, which offers pre-paid cards to its customers, is hoping that the move will draw customers away from incumbent banks. Revolut expects to receive the license in the first half of 2018.

Fintech 186

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PYMNTS

JULY 7, 2020

Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. Those who have lost jobs or faced employment insecurity may be less certain that they can pay off debts and thus prefer to spend only the money they have in their bank accounts.

Cards 135

Cards Millennials Conference America 135

PYMNTS

NOVEMBER 10, 2020

PSCU , which is billed as the nation's premier credit union service organization (CUSO), has announced its new Enhanced Fraud Services system, which the company said “has helped 10 early adopter credit unions combat fraud of all types, ranging from first-party chargeback fraud to identifying card information being sold on the dark web.”.

Fraud 151

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PYMNTS

APRIL 30, 2018

Digital banks. According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. billion in 2018 growing to $1.1 billion in 2018 growing to $1.1 Blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

MAY 27, 2020

More consumers are turning to the omnichannel offerings of banks and credit unions (CUs) as they follow stay-at-home mandates, and cybercriminals are eager to launch attacks that make use of these channels. Deep Dive: Why Banks Must Examine Customer Behaviors Across Channels. Otherwise, the fraud could continue unnoticed.

Fraud 245

Fraud How To Analysis Strategy 245

PYMNTS

OCTOBER 16, 2018

Goldman Sachs booked a 4 percent year-over-year revenue increase for the third quarter of 2018, with that growth powered in part by increased lending through its Marcus by Goldman Sachs online consumer savings and lending platform. Q3 revenue for the investment bank hit $8.65 earnings per share booked for the third quarter of 2018.

Lending 147

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PYMNTS

NOVEMBER 29, 2017

The November edition of the PYMNTS Digital Banking Tracker , a Feedzai collaboration, features an interview about how credit unions can attain AI, a scorecard of industry players and the latest headlines surrounding AIs, digital security and new digital banks. Around the Digital Banking World.

Security 173

Security Digital Banking Resources Mobile 173

PYMNTS

NOVEMBER 19, 2019

Banks are, however, revamping their approaches to these technologies on how they may be applied outside of their typical use cases, fending off cybercriminals who have a growing number of opportunities to access online banking platforms and customer data. Around The Digital Banking World. institution Barclays found.

Fraud 109

Fraud Digital Banking Innovation Data 109

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. billion seen in December 2018. Consumer banking, overall, contributed $217 million in the September quarter, slightly above the $216 million reported in the June 2019 quarter.

Report 134

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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

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