Bank Innovation

DECEMBER 13, 2018

As a part of its retail transformation strategy, HSBC Bank USA spent over $130 million on innovation projects in one year on its U.S. The bank […]. operations.

Innovation Strategies 199

Innovation Strategies Strategy Innovation New York 199

Gonzobanker

MAY 4, 2020

All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. SoFi/Galileo: This $1.2

Fintech 109

Fintech FDIC Capital Community Bank 109

PYMNTS

MAY 23, 2019

Digital banking is not the main element that drives consumers toward using a credit union. However, as Lumin Digital President Jeff Chambers told Karen Webster in a recent conversation, that doesn’t mean the digital banking experience isn’t critical to credit unions’ relationships with their members.

Online 123

Online Millennials Digital Banking Maine 123

CB Insights

JANUARY 5, 2021

In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. The digital divide spans countries as well.

Digital Banking 98

Digital Banking US Online FDIC 98

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 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

PYMNTS

MAY 28, 2020

The global financial space has been severely impacted by the ongoing COVID-19 pandemic, with social distancing and stay-at-home guidelines preventing customers from visiting bank branches to access the services they need. Developments From Around The World Of Digital-First Banking.

Community Bank 176

Community Bank Community Security Digital Banking 176

PYMNTS

JULY 24, 2020

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. FinTechs Flourishing.

America 168

America Regional Regulation Fintech 168

PYMNTS

JUNE 21, 2019

Moreover, PSCU’s SVP of Product Denise Stevens told PYMNTS in a recent interview, credit union operators can feel the direction the digital winds are blowing. Finding Friendly Ground With FinTech Firms. The challenge lies in the “how.” Credit unions need to really pay attention to what a customer truly values in an interaction.”.

Fintech 163

Fintech Fraud ATM Data 163

PYMNTS

JANUARY 31, 2019

The new Digital Banking Tracker highlights how banks are adopting new approaches to protect their customers and clients from nefarious actors. News From The Digital Banking Landscape. In the UAE, for instance, a group of banks recently banded together to crack down on acts of check-related fraud.

System 197

System Fraud Digital Banking Groups 197

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

PYMNTS

AUGUST 25, 2019

Launched in August 2018, Wanwu Xinxuan is an online retail platform selling children’s apparel, shoes and accessories. And Experian Australia & New Zealand announced that it has acquired FinTech Look Who’s Charging. The terms of the deal weren’t released.

Data 109

Data Fintech Lending Regional 109

PYMNTS

JULY 8, 2020

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . In January, Ant began discussions with banks to resurrect plans for an IPO that was shelved over a year ago due to regulatory and profitability issues.

Groups 175

Groups Report Capital Regulation 175

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

Gonzobanker

JANUARY 25, 2019

Fiserv acquiring First Data Corporation is a huge deal in the fintech world. Twenty-two billion dollars is a monster-size deal, but at 2X First Data’s annual revenue, the price is a way lower revenue multiple than the growth-oriented digital mashups lining up in the market. Diversification versus Concentration. So, put the coffee on.

Data 128

Data Fintech Community Bank UX 128

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems. Around The Data Protection World.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

JANUARY 20, 2021

In broad strokes, open banking lays out a path and process for banks and other financial institutions (FIs) to share their customers’ data with third parties (even competitors), where that data tie into apps and new products and services. Dan Weaver, open banking expert at Equifax U.K., Open Banking In The States .

Data 188

Data Innovation Fintech Regulation 188

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. About The Tracker.

Fraud 109

Fraud Digital Banking Innovation Data 109

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

CB Insights

NOVEMBER 21, 2019

Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Canadian fintech companies raised $251M through the end of H1’19, nearly double the $133M raised in H1’18.

Fintech 93

Fintech Marketing US Technology 93

PYMNTS

AUGUST 7, 2019

Financefeeds reported that the HKMA, in its latest update to implementation of the Open Application Programming Interface (API) Framework for the banking sector, which dates back to July 2018, is readying for the second phase, known as Customer acquisition. million in new funding led by Holtzbrinck Ventures, says TechCrunch.

Digital Banking 129

Digital Banking Fintech Millennials Data 129

William Mills

SEPTEMBER 25, 2018

And of course, SMB lending has been a huge focus for fintech. Tinkoff Bank’s “Stories” feature delivers best targeted offers and increases transactional activity and financial awareness for customers. Largest independent purely online bank in the world. www.tinkoff.ru/eng Tweet #Finovate.

Mobile 78

Mobile Customer Experience Lending Analytics 78

PYMNTS

JANUARY 21, 2020

The startup said this was the largest funding round ever for a French FinTech. The startup has said that business banking on the continent needs to be repaired, and that it can provide a much better experience with its mobile and online-first offerings. . Qonto launched its corporate digital banking solution in 2017.

Capital 131

Capital Digital Banking Compliance Mobile 131

Gonzobanker

JANUARY 16, 2018

It shouldn’t be hard to convince you that the banking industry has changed dramatically over the past 10 years. With the publication of the 2017 Cornerstone Performance Report for Banks , we decided to look at how banks’ operational performance has changed over the past 10 years, as well. That’s simply inexcusable.

Digital Banking 136

Digital Banking Online Fintech Mobile 136

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. Though still strong, this industry growth has slowed in recent years, with another survey finding that total loans only increased by 6.6 percent in 2019, compared to 10.5

Nevada 192

Nevada Security Innovation Data 192

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. But there is a growing market of fintech companies serving the unique financial needs of Baby Boomers and older retirees — and for good reason. Fintech services for seniors are targeting a range of sub-categories. Source: Kindur .

Millennials 73

Millennials Fintech Tools Fraud 73

CB Insights

NOVEMBER 5, 2019

There are just two China-based fintech businesses valued at over $100B in the world. The second, conceivably, is Tencent’s fintech business. In May 2019, Barclays released a note estimating the value of Tencent’s fintech business at $123B, or close to a third of the company’s total market cap.

Fintech 51

Fintech social media Analysis Marketing 51

PYMNTS

DECEMBER 11, 2018

So-called online-only retailers — including Amazon — operate some 630 physical retail locations in the U.S., The Playbook also found that 73 percent of shoppers who paid remotely via smartphone first found the item they purchased online, and that 63.8 Digital Banking. That’s not to say physical retail is dying.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

JUNE 7, 2019

As has been recounted in this space, the European Union’s SCA regulation looks to have hundreds of millions of consumers confirm they are who they say they are when they buy goods and services online. PetSmart aims to take its online venture public at a valuation of around $7 billion.

Fintech 101

Fintech Study Online Retail 101

PYMNTS

NOVEMBER 10, 2020

Having a broader array of funding instruments will structurally benefit the entire area of fintech and bring greater strength, as well as resilience for the business," said Pedro de Paula, director of MercadoCrédito in Brazil, according to the report. MercadoCredito has approved loans for over 4 billion reais, or $742 million, for 1.7

America 156

America Regional Operations Report 156

Fintech Labs Insights

JUNE 27, 2023

Enter the digital insurance challengers aiming to fill the gaps through simple online/mobile interfaces. Here are the biggest players in the United States ranked by our FAB score ( Fintech Attention Barometer ). NEW : Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses?

Online 15

Online Denver San Francisco DC 15

Fintech Labs Insights

JUNE 29, 2021

Enter the digital insurance challengers aiming to fill the gaps through simple online/mobile interfaces. Here are the biggest players in the United States ranked by our FAB score ( Fintech Attention Barometer ). NEW : Looking for digital banks, lenders or corporate charge/credit cards serving small businesses?

Online 15

Online DC Denver Atlanta 15

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. get the 86-page fintech report.

Cards 71

Cards Fintech UX Strategy 71

CB Insights

AUGUST 26, 2021

SoftBank has backed a slew of edtech startups in 2021, from AI tutor Riiid to online education platform Unacademy to employee upskilling company Go1. . Many of these edtech companies digitize traditionally in-person services like tutoring or test prep — a use case that accelerated tremendously during the pandemic. . Digital banking.

Regional 94

Regional Fintech Analysis Company 94

Gonzobanker

MAY 31, 2019

article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.” While online lenders Kabbage and OnDeck lent $2 billion and $2.5 In a recent American Banker. Taking Stock.

Lending 136

Lending Community Bank Community Data 136

Fintech Labs Insights

JUNE 29, 2023

This can improve visibility on our website, but does not impact the company’s FAB score. ** The FAB score, Fintech Attention Barometer, is a proxy for the overall size of a private company since they typically do not release traditional metrics (# customers, deposits, AUM, etc). 2,830 reviews per FeaturedCustomers ) 4.

Online 15

Online San Francisco Payments Fintech 15

PYMNTS

JULY 4, 2016

There are also regulatory changes on the horizon that are expected to increase the increasingly competitive nature of online banking. 2018, Reuters said. banks, and according to reports, the Netherlands-based institution is looking to the internet to strengthen its competitive edge with business clients.

Groups 101

Groups Fintech Digital Banking Report 101