PYMNTS

AUGUST 22, 2019

Banks are not just competing for customer engagement and retention — they are also vying for funding and resources as they overhaul their infrastructure and banking tools. The latest Digital Banking Tracker examines how legacy institutions stay competitive with challenger banks. Competition Can Lead to Innovation.

Digital Banking 166

Digital Banking Mobile Study Data 166

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

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

JUNE 20, 2018

In meetings and calls with analysts last week, executives from top banks such as Bank of America , JPMorgan Chase and Citi — along with payment companies such as Visa — explained how they are leveraging technology to drive innovation. Bank of America.

Mobile 150

Mobile Innovation Payments America 150

PYMNTS

AUGUST 13, 2018

Exhibit A: EQ Bank , at the beginning of 2016, took its place as Canada’s first digital-born bank, and has now reached $2 billion in deposits. The concept is a bit different than might be seen with other digital banking models. Such a meteoric pace indicates a key question for banks considering the digital route.

Digital Banking 113

Digital Banking social media Course Marketing 113

PYMNTS

JUNE 10, 2020

This has increased the need for FIs to develop convenient mobile onboarding experiences, but those that lack confidence in their ability to secure such channels appear to be reluctant to offer them. A 2018 study found that more than 50 percent of U.K. Tapping Mobile KYC .

Mobile 130

Mobile Security Examples Study 130

PYMNTS

NOVEMBER 29, 2017

According to the forthcoming digital bank-and-brokerage service combo’s co-founder and CEO, Stephane Lintner, the firm is launching a model that reimagines security in the digital age. million in Series A funding for its bank, which is slated to be offered in beta in early 2018. Security is a focus.

Digital Banking 108

Digital Banking Trends Security Regulation 108

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

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.

Strategy 123

Strategy Innovation Fraud Security 123

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

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. Security and convenience through contactless.

ATM 96

ATM Innovation Mobile America 96

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. billion valuation.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

PYMNTS

JULY 28, 2020

The company launched in October 2018 and is now used by more than 250,000 consumers in the country, relying on Google Cloud Platform to host and run its online and mobile features. “I I see a lot of other companies — other banks, actually — go, ‘Up is using [the cloud]. Tapping The Cloud For A Swift Innovation Cycle .

Technology 140

Technology Innovation ATM Security 140

CB Insights

MAY 15, 2019

One popular approach: in-house financial innovation labs. We’ve created a list of finance innovation labs from some of the biggest names in the industry, as well as from newcomers looking to make a name through tech. We’ve written about corporate innovation theater before — and how sometimes corporate innovation goes wrong.

Innovation 78

Innovation blockchain Technology Groups 78

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

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

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

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

FEBRUARY 24, 2020

as they upgrade their online data and financial rules to support global digital banking innovations. Banks and merchants may also need to confront outmoded perceptions of Chinese cybersecurity and banking laws and be aware of the government’s role in enforcing such rules. Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

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

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

NOVEMBER 23, 2020

Banking as a service makes it far easier for [entities] from startups to multinational corporations to access and create simple, fast, secure and transparent full-fledged financial products,” Athavale said. These tools also appear to be receiving more corporate attention,” the Tracker states , noting that “A 2018 survey polled 158 U.S.-based

System 165

System Management Tools Cards 165

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

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

CB Insights

JUNE 7, 2021

Creating a modern payments ecosystem in an industry that’s been slow to innovate . First, the acquirer-facing side of payments, which allows merchants to accept payments, has seen significantly more innovation over the last decade than the issuer-facing side, which allows businesses to customize card products for their end users.

Cards 73

Cards Innovation Payments Fintech 73

Accenture

NOVEMBER 27, 2017

Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models.

Innovation 171

Innovation Conference Fintech blockchain 171

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

APRIL 4, 2019

So it is with financial services – and so it is, specifically, with innovation within financial services. After all, ready or not, demand comes for faster payments, for easier onboarding, for digital wallets and security, above all else. The study found the portion of FIs that completed innovations early in 2018 stood at 26.7

Innovation 119

Innovation Fintech Survey Customer Experience 119

PYMNTS

JULY 5, 2019

FinTech firms are taking on real-time payments for business-to-business (B2B) use cases – and teaming with banking partners to drive innovation. AvidXchange , for instance, worked with Fifth Third Bank to enhance B2B payments while leveraging the inherent capabilities in the RTP network from The Clearing House.

Fintech 174

Fintech Payments Innovation Company 174

PYMNTS

FEBRUARY 28, 2019

We will invest in the talent required to continue innovating and expanding our machine learning-based predictive analytics platform.”. The funding comes on the back of a good year for Socure in 2018. Deployments grew to more than 100 leading digital banks, lenders, brokers and payments providers, the company said in the press release.

Fraud 119

Fraud Capital Analytics Digital Banking 119

PYMNTS

JUNE 1, 2020

APIs come with both benefits and challenges, however, and their usage rate is not evenly spread throughout the world’s banking markets. The following Deep Dive examines how APIs drive banks’ digital innovations, the difficulties FIs face in implementing them, and why the U.S. Improved security is another API benefit.

Data 146

Data Fintech Security ATM 146

PYMNTS

NOVEMBER 9, 2020

there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom. Access for the consumer though means access to that far-flung data is paramount for the banks and third parties. Morgan Chase.

Fintech 285

Fintech Data Regulation Innovation 285

Cisco

MARCH 26, 2021

The last year has brought change and innovation. The imperative to connect in the most secure, flexible, and productive ways possible – from anywhere, at any time — is more critical than ever. Customers are also needing to drive operational efficiencies in their security approach. Financial Services.

Customer Experience 71

Customer Experience Retail Operations Security 71

Insights on Business

OCTOBER 17, 2018

Ten speakers on stage at Sibos 2018. Come join us to discuss ways to innovate the payments landscape. While you are there, explore how IBM LinuxONE and Temenos work together to provide a “one-stop-shop” for modernizing core banking systems. A playlist of IBM videos at Sibos (will be updated daily during the event).

blockchain 110

blockchain Video Compliance Meeting 110

PYMNTS

APRIL 16, 2019

population in 2018 were victims of cybercrimes — and even as so many of those consumers’ username and password combinations are already in the global, digital black market, given all the data breaches that have already happened. Maloney, though, offered an optimistic note about those security measures. Consumer Impatience.

Security 132

Security Trends Strategy Course 132

NCR

DECEMBER 27, 2017

Rather than simply looking back at the past five decades of growth and change for this industry-defining innovation, we looked ahead to what the next 50 years could bring. Consumer expectations for secure, real-time payments have continued to grow in 2017, and the industry has responded. So what about 2018? 50 years of the ATM.

ATM 76

ATM Fraud Industry Security 76