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 But drilling down a bit, to get a sense of the state of the consumer, retail banking saw fourth-quarter profit rise by about 5 percent to $4.2

Cards 130

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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

Security Capital Cards Report 215

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.

Cards 109

Cards Mobile Community Bank Conference 109

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

JANUARY 12, 2020

It will integrate with the financial giant’s digital bank Marcus. Prior to that time, the venerable Goldman Sachs was primarily an investment bank and trading house utilizing wholesale market funding since being founded in 1869. People expect a digital bank to have an app,” Greco said. “We

Mobile 131

Mobile Digital Banking Software Apple 131

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

Cards Omaha Minneapolis National 102

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. Bó and Mettle will be merged and will target the small- to medium-sized business (SMB) market.

Branding 181

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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

America Mobile Cards Digital Banking 132

CB Insights

NOVEMBER 21, 2019

Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. The 2019 Canadian fintech market map. Startups headquartered in Ontario dominate the table, with over 40 fintech companies from this market map headquartered in the Greater Toronto Area. Navigating the Canadian fintech market map.

Fintech 93

Fintech Marketing US Technology 93

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

Digital Banking Tools Cards Millennials 160

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

America Payments Mobile Cards 116

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.

System 165

System Management Tools Cards 165

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

Fraud Virginia Florida Risk Management 151

PYMNTS

FEBRUARY 3, 2020

The latest PYMNTS Digital-First Banking Tracker , a collaboration with NCR Corporation , unclouds a blurry picture where 70 percent of consumers in a recent survey reported visiting a bank branch in the past month, and yet foot traffic keeps dropping as digital banking climbs. Solving the Branch Conundrum.

ATM 165

ATM Digital Banking Innovation Video 165

PYMNTS

JANUARY 11, 2021

He added that Revolut strives to be “the best in class for customer experience, value and capabilities” and offer a full range of services from deposit accounts and overdraft protection to loans and credit cards. After getting the banking license, Revolut said it would develop a “financial super app.” billion valuation.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

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

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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

Groups Operations Digital Banking Cards 170

PYMNTS

JANUARY 20, 2020

Wall Street being Wall Street was focused, at least in part, on trading and asset management revenues, which rebounded strongly in the fourth quarter, up double-digit percentages in most cases amid record high stock markets. Spending, Done Digitally. credit and debit cards. In the U.S., billion cross U.S.

Cards 134

Cards America Course Mobile 134

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

CB Insights

MARCH 8, 2018

Digital banking startups — or challenger banks — have gained traction over the past few years by bringing retail banking services mobile. Banks in Fintech: what’s ahead in 2018. Join us for data-driven look at how major banks are approaching fintech investments and taking on insurgents.

Retail 78

Retail Digital Banking Fintech Regulation 78

PYMNTS

FEBRUARY 26, 2020

Credit unions (CUs) are performing well as the new decade dawns, with a recent study finding that CUs increased their loan originations by 29 percent from Q4 2018 to Q4 2019. The new platform provides dynamic marketing campaigns based on members’ transactional, lifestyle and behavioral data. percent in 2019, compared to 10.5

Nevada 192

Nevada Security Innovation Data 192

PYMNTS

JANUARY 29, 2019

The Union of Arab Banks (UAB) has said in a study that such a movement would change the way Arab banks provide financial services. . As pertains to Egypt banks, e-Cards (and, in tandem, electronic payments) have swelled to more than 30 million cards as of June 2018, as estimated by the country’s central bank.

Fintech 145

Fintech Cards System Groups 145

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

JULY 23, 2020

Open banking has been picking up steam in Latin America for more than two years. Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. The creation of open banking initiatives in the E.U.

America 165

America Regulation Regional Tools 165

Fintech Labs Insights

NOVEMBER 10, 2023

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. 4,870 $557 25 Step 264 2018 SF 128,000 4.6

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

PYMNTS

JUNE 28, 2018

The blockchain is gaining traction in India , where the market for such technology is projected to grow at a compound annual growth rate (CAGR) of 58 percent during 2018 to 2024, according to a report from 6Wresearch. The company noted that there is growth potential in the market: There were 9.2

blockchain 109

blockchain Georgia Fintech Innovation 109

PYMNTS

JANUARY 16, 2020

The language is not explicitly tied to recent activities from the Treasury Department (and specifically mandated by the Foreign Investment Risk Review Modernization Act passed by Congress in 2018). A market worth as much as $40 trillion opens up a bit – but it was going to, anyway. and What’s In the Cards For The Cards.

Payments 132

Payments social media Operations Examples 132

PYMNTS

APRIL 16, 2019

Bank of America (BoA) missed on revenue when it reported its Q1 earnings on Tuesday (April 16) and predicted net interest income would rise half as fast this year, both of which combined to send shares down 2.7 percent when markets opened this morning. million in the first quarter of 2018. billion in 2018.

America 154

America Mobile Conference Report 154

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. mobile-first bank accounts.

Cards 71

Cards Fintech UX Strategy 71

PYMNTS

OCTOBER 13, 2019

Launched five years ago, Revolut has almost 8 million customers, offering digital financial services through a mobile application including digital debit accounts, currency exchange, budgeting and person-to-person (P2P) payments. bringing Revolut’s total global footprint to 56 markets. banking licence.

Taxes 163

Taxes Fintech Branding Regional 163

PYMNTS

JULY 16, 2019

Banks and credit unions looking for safer and more efficient digital and mobile services for debit and credit cards can now turn to the cloud. This option allows mid-sized and smaller issuers to more quickly and easily launch these services and compete with large national banks on digital customer experience.”.

Innovation 128

Innovation Compliance User Experience Cards 128

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. Below, we dive into where the Fintech 250 Class of 2018 startups are now. Highlights from the fintech 250 Class of 2018. Phone number.

Fintech 80

Fintech US Lending Cards 80

Fintech Labs Insights

APRIL 6, 2023

Other than a relatively short-lived spike in 2018, it’s been 15 years since short-term rates were high enough for most small- to-medium-size businesses (SMB) to worry about chasing yield on their parked cash. Are we about to see a rush of fintech startups serving the interest-sensitive small business market? 95,000 6 Meow * 11 4.3%

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

Fintech Labs Insights

JUNE 26, 2023

Other than a brief spike in 2018, it’s been 15 years since short-term rates were high enough for most small-to-medium-size businesses (SMB) to worry about chasing yield on their parked cash. Are we about to see a rush of fintech startups serving the interest-sensitive small business market? Maybe, maybe not. 613 reviews) 2.

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

Gonzobanker

FEBRUARY 20, 2021

The pandemic continues to grow demand for digital self-service capabilities. The banking competitive landscape has intensified with digital challenger banks like Chime and Varo picking up market share in a digital-first environment already favoring megabanks like Chase and BofA. There is no going back.

Digital Banking 97

Digital Banking Lending ATM Atlanta 97

Gonzobanker

DECEMBER 22, 2020

Bank Deal of the Year PNC nabs BBVA USA – paying 1.3 This is a classic bank deal – one acronym buys another at a good price and plans to cut the hell out of cost while adding markets. The Tiny Bank that Did It Award UBank of Texas. Market cap in January: $19B. The Strategy Award Goes to Axos Bank.

Idaho 170

Idaho Community Industry Strategy 170

PYMNTS

FEBRUARY 21, 2019

The challenger bank movement is continuing to gain steam in Europe, attracting customers frustrated with traditional banks’ offerings and investors eager to fund a force to disrupt the financial services market. The challenger bank trend has recently been pushing beyond the EU and is now entering the Latin American market.

America 115

America System Digital Banking Banking Trends 115