PYMNTS

APRIL 7, 2020

But the numbers tell a tale, and recent stats in the March 2020 Credit Union Innovation Index show the need for CUs to step up their efforts to innovate. percent from 2018 to 2019. CUs need to move beyond payments, said Fagan, and embrace what he termed a “full-scale, full-service approach to innovation.” Keeping Score.

Innovation 142

Innovation Digital Banking Resources Apple 142

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

Digital Banking Fintech Google Software 181

PYMNTS

SEPTEMBER 18, 2019

In B2B payments, a series of payment innovations is promising to put an end to some common frictions. And, in digital banking, financial institutions (FIs) are working to keep fraudsters from accessing customer information and funds on their mobile and digital channels.

Retail 190

Retail Digital Banking Course Fraud 190

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

Bank Innovation

NOVEMBER 6, 2018

The job market for digital banking is thriving. JPMorgan plans to hire thousands of people for its technology and digital departments, in addition to an entry-level program to train and nurture young technologists. Bank of America’s Cathy Bessant recently predicted that when […].

Training 150

Training Digital Banking US Marketing 150

Bank Innovation

FEBRUARY 12, 2020

The growth of mobile and digital banking is driving in-store branch numbers down. In-store branches are satellite bank branches located inside large retail spaces, such as supermarkets or chains like Walmart and Safeway. since June 30, 2018, S&P Global Market Intelligence reported.? since June 30, 2019, and 6.5%

FDIC 243

FDIC US Retail Digital Banking 243

PYMNTS

JULY 16, 2019

Ondot said its 4,000 banks and credit unions will see faster and easier upgrades while also gaining access to the latest innovations and functionality. For new clients, the cloud service addresses the digital demands of today’s consumers with easy integration and low maintenance.

Innovation 128

Innovation Compliance User Experience Cards 128

PYMNTS

FEBRUARY 3, 2020

Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore, where legacy institutions have traditionally dominated. APIs and open banking growth. The impact these digital licenses could have on Singapore cannot be understated.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

Bank Innovation

MARCH 1, 2018

According to Malauzai Software, that’s the term used for vendors that “scrape” digital banking apps on the internet to gather data and then provide that data to fintechs. Think Mint, Yodlee and Intuit, who, according to Malauzai Software’s Monkey Insights February 2018 report, are the largest.Read More.

Fintech 276

Fintech Software Digital Banking Data 276

PYMNTS

OCTOBER 31, 2019

Credit unions (CUs) have followed banks’ digital banking lead, churning out platforms, services and mobile apps for consumers to use speedy, convenient online services. CU executives have cited several reasons for their lack of AI or machine learning innovation, including costs, data quality questions and security concerns.

Innovation 101

Innovation Survey Lending Technology 101

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 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

Javelin Strategy & Research

JUNE 6, 2018

Touching on numerous facets of the industry – payments, fraud, small business, lending, digital banking, etc. – it (as well as most conferences) can leave an attendee wondering what is relevant to them and their company’s business. . .

Innovation 40

Innovation Conference Lending Fraud 40

PYMNTS

AUGUST 29, 2019

Small businesses have historically been deemed as unprofitable by major banks, with FIs’ innovation efforts often prioritizing consumer products, followed by commercial banking offerings. legacy banks are facing competition on all sides from fully digital institutions,” the Tracker states.

Fintech 173

Fintech Innovation Lending Digital Banking 173

NCR

OCTOBER 13, 2017

As easy as it might be to perceive a big divide between the modern-day mobile space and more traditional, physical banking via the branch and ATM , it’s becoming increasingly clear that these channels can function in harmony and complement one another. Bringing the ATM and mobile together. Security and convenience through contactless.

ATM 96

ATM Innovation Mobile America 96

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. We’ve always said that we will look to innovate.

Branding 181

Branding Resources Digital Banking Regulation 181

BankInovation

JULY 15, 2020

MoneyLion, the personal finance app turned digital bank, has tapped Mastercard to co-develop the second version of its bank account, replacing the Visa-backed checking account offered since 2018, the companies announced today. RoarMoney” consolidates new offerings from […].

Innovation 64

Innovation Digital Banking Company Management 64

PYMNTS

JANUARY 20, 2021

million in 2018 to roughly 6 billion in 2020. Cumulative call volumes have reached more than 7 billion, while open banking payments have risen to more than four million transactions in 2020, up significantly from 320,000 in 2018. Open Banking In The States . API call volume, according to the data, have increased from 66.8

Data 188

Data Innovation Fintech Regulation 188

PYMNTS

MAY 28, 2020

In the May Digital-First Banking Tracker® , PYMNTS explores the latest in the world of digital-first banking, including the challenges facing deployment of APIs amid the COVID-19 pandemic, new online initiatives from nationwide FI chains and community banks and the security challenges that are plaguing digital banking programs.

Community Bank 176

Community Bank Community Security Digital Banking 176

PYMNTS

FEBRUARY 3, 2020

And while some imagined there’d be banks on Mars by 2020, few guessed that dull ATMs would one day reinvent retail banking. ATMs have come full circle — starting life as the best tech innovation the public had ever seen (from banks), then becoming utterly routine, and to the present day — when ATMs are suddenly sexy again.

ATM 165

ATM Digital Banking Innovation Video 165

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Digital banks. Blockchain. Blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

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 11, 2021

Storonsky said Revolut wants to develop “many more innovative products” that will advance “innovation and competition” across the financial services sector. Revolut was granted a European Union banking license in Lithuania in December 2018 and has begun operations in central Europe.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

PYMNTS

OCTOBER 4, 2019

Taco Bell is bringing self-ordering digital kiosks to its restaurants across the country. In digital banking, consumers want the type of financial services control that could potentially decrease their risk for fraud and leave them responsible for more authentication tasks.

Fraud 116

Fraud Digital Banking Data Retail 116

PYMNTS

JUNE 28, 2018

Coverage includes Oracle ’s decision to bring its FinTech Innovation Program to Brussels. 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.

blockchain 109

blockchain Georgia Fintech Innovation 109

PYMNTS

OCTOBER 11, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. AML Strategies and Innovation Quirks. Changing AML with AI and ML.

Strategy 123

Strategy Innovation Fraud Security 123

PYMNTS

JUNE 13, 2019

Fighting bad actors is particularly challenging for those in the banking industry, which lost more than $31 billion to fraud in 2018 and is projected to lose even more as cybercriminals become more sophisticated. The bank implemented a data-based fraud detection initiative in 2018 to help combat this problem with false positives.

Fraud 128

Fraud Analytics New Jersey Data 128

William Mills

MAY 9, 2018

Welcome to FinovateSpring 2018. How they describe their product/innovation: Project Finance is a personal finance application that shows users the future of their finances based on all the choices and decisions they’re making today. Grounding your organization’s digital transformation in people, processes, and technology is critical.

Security 40

Security Samsung Strategy San Jose 40

PYMNTS

JUNE 25, 2019

Digital banking and payments processing company i2c has announced that Brex, a corporate card for entrepreneurs and growing businesses, is “leveraging the i2c payment platform to power the next phase of growth and rapid innovation,” according to a release. . “As

Payments 101

Payments Cards Innovation Industry 101

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

Chris Skinner

DECEMBER 5, 2017

I’ve recently noted a number of reports about Open Banking, with many published recently due to its imminent arrival on January 13, 2018. Source: IBM As can be seen, we have several different groups working on Open Banking.

Groups 340

Groups Payments Report Digital Banking 340

PYMNTS

MAY 23, 2019

Digital banking is not the main element that drives consumers toward using a credit union. According to the Credit Union Innovation Playbook , a PYMNTS and PSCU collaboration, trust is the driving factor in that choice. What a consumer is going to the bank to do matters a great deal, he noted.

Online 123

Online Millennials Digital Banking Maine 123

PYMNTS

DECEMBER 1, 2017

The lineup includes Railsbank , which provides businesses with access to a global banking network via application program interface (API) technology; Sensibill , which digitizes receipts to integrate into digital banking platforms; and Zeta Optima, an employee claims, fuel card and medical allowance services provider.

Groups 147

Groups Resources Fintech blockchain 147

PYMNTS

NOVEMBER 23, 2020

“The rise of banking as a service (BaaS) in recent years offers businesses a more flexible alternative by allowing firms to quickly integrate new third-party solutions into legacy systems, including new spend management innovations. That in turn is creating higher demand for digital banking services that support anywhere commerce.

System 165

System Management Tools Cards 165

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. percent innovating to improve business analytics.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

JULY 30, 2019

The new Credit Union Tracker explores how CUs are finding innovative ways to engage with their members, collect data insights and improve services. According to the latest Credit Union Innovation Playbook , loyalty-based innovation is a top concern among members. Data-Based Innovation Implementation. According to J.D.

Innovation 115

Innovation Fraud Mobile Video 115

PYMNTS

AUGUST 25, 2019

Launched in August 2018, Wanwu Xinxuan is an online retail platform selling children’s apparel, shoes and accessories. Look Who’s Charging is integrated with a number of Australian banks, with data available to millions of Australians within its existing digital banking apps.

Data 109

Data Fintech Lending Regional 109