PYMNTS

OCTOBER 12, 2018

With new risks come new solutions, and banks are taking this approach to data security: They are adopting technologies such as biometric authentication to protect sensitive information. billion: The projected size of the global banking cybersecurity market by 2026. Data: $248.26

Data 153

Data Digital Banking United States Security 153

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. billion in investment last year. .

Digital Banking 152

Digital Banking Report Mobile Online 152

The Financial Brand

DECEMBER 26, 2018

The biggest stories about digital transformation and disruption that captured the banking industry's attention in 2018. The post Top 10 Digital Banking, Technology and CX Stories of 2018 appeared first on The Financial Brand.

Digital Banking 31

Digital Banking Technology Branding Industry 31

PYMNTS

DECEMBER 26, 2018

Daniel Houseman, partner at KPMG, contributed the following piece as part of the PYMNTS 2018 year-end eBook. . Payments innovation in 2018 has leveled the playing field, with new entrants, the rise of the customer and cross-border connectivity all enabling real-time payments almost anywhere and at virtually any time. New Entrants.

Innovation 128

Innovation eBook Regulation Fintech 128

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 28, 2020

The debate about cloud technology’s place in the banking industry has moved beyond whether such platforms can safely transfer and store sensitive financial information. Cloud-based banking technology can help FIs keep up with digitally savvy customers, but banks must realize that no single tool is sufficient to meet their needs.

Technology 140

Technology Innovation ATM Security 140

Jack Henry

SEPTEMBER 16, 2021

In fact, she wasn’t sure why her digital banking provider was so focused on building the new technology back in 2018. “[Ben Heidi Kassab, CEO of Cornerstone Community Financial (CCF) in Michigan, wasn’t thinking about a global pandemic when she decided to implement a secure, augmented chat solution.

Michigan 179

Michigan Community Digital Banking Security 179

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. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. million (£106.5

San Francisco 239

San Francisco Fintech Digital Banking California 239

Bank Innovation

JANUARY 15, 2019

Citigroup CEO Michael Corbat touted roughly $200 million in cost savings the bank found in 2018 by going digital and taking on other related initiatives. Corbat said the bank will potentially reap $500 million to $600 million in incremental savings each of the next two years. It seems $200 million is only the beginning.

Technology 186

Technology Operations Digital Banking Cards 186

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

AUGUST 21, 2020

JPMorgan Chase plans to launch a digital bank in the United Kingdom early next year, Sky News reported Friday (Aug. The move “will enable it to capitalize on the accelerating transition of millions of bank customers from branch-based activity to digital services during the COVID-19 pandemic,” the news outlet said.

Report 173

Report Digital Banking Lending Technology 173

CB Insights

JANUARY 5, 2021

High fees, poor customer experiences, and archaic technology have historically blocked many from accessing financial services. . get the state of challenger banks report. Download the free report to find out what it will take for challenger banks to develop a meaningful share of the banking market. First name.

Digital Banking 98

Digital Banking US Online FDIC 98

William Mills

SEPTEMBER 25, 2018

This is a digital bank based in Russia and today they are demoing their mobile banking offering. William Mills III, Chief Executive Officer of William Mills Agency is live blogging today at FinovateSpring 2018. Mills-Grimes, marketing director of William Mills Agency, is live blogging today at FinovateFall 2018.

Mobile 78

Mobile Customer Experience Lending Analytics 78

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

CB Insights

OCTOBER 21, 2018

CB Insights unveiled the second annual Fintech 250 — a list of 250 of the most promising private companies applying a mix of software and technology to transform the financial services industry. This year’s cohort has already seen more mega-rounds in 2018 YTD than 2017’s Fintech 250 list in all of 2017, with 23 mega-rounds investments.

Fintech 78

Fintech Lending Capital Analytics 78

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. The news set off a high-stakes race among today’s top global eCommerce, finance and technology players.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

DECEMBER 24, 2018

Tide is a mobile-first digital banking service for small and medium-size businesses (SMBs) in the U.K. that offers both banking products and an easy connect point for third-party partners to tightly integrate and distribute administrative or financial services products to Tide members. It will involve making trade-offs.”.

Data 151

Data Payments System social media 151

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. Jiko recently netted $7.7

Digital Banking 108

Digital Banking Trends Security Regulation 108

PYMNTS

NOVEMBER 19, 2019

The fact that fraud is on the rise is not new, nor is it surprising that banks are turning to artificial intelligence (AI) and machine learning to fight back. In the latest Digital Banking Tracker , PYMNTS looks at how banks are currently approaching their use of AI and machine learning in fraud protection and technology innovation.

Fraud 109

Fraud Digital Banking Innovation Data 109

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. FIs in Fidor’s native Germany should by now be familiar with the standards set by GDPR, PSD2 and other regulations aimed at online banking.

Compliance 225

Compliance Regulation Guidelines Security 225

Bank Innovation

MAY 15, 2019

Banking technology giant Finastra has hired Mark Miller as chief financial officer. Miller previously served as chief financial officer at Marketo, a marketing automation software company that was acquired by Adobe in October 2018. He replaces Rob Binns, who recently stepped down from the role.

Marketing Automation 186

Marketing Automation Software Technology Marketing 186

PYMNTS

MAY 1, 2020

Open banking developments were impacting customers’ interactions with their banks before the COVID-19 pandemic. have passed laws or implemented programs over the past two years to put more focus on digital banking and data security, fundamentally changing how online transactions work. Consumer Trust Drives Open Banking .

Innovation 245

Innovation Regulation Digital Banking Security 245

PYMNTS

AUGUST 29, 2019

It’s an example of the delicate competition-versus-collaboration balance in small business banking, where many FinTechs rely on traditional banks’ compliance standing and core banking infrastructure to introduce their technologies to the market. Striking A Balance For SMBs.

Fintech 173

Fintech Innovation Lending Digital Banking 173

PYMNTS

MAY 3, 2019

European corporate banks are lagging behind their U.S. peers in terms of technology, a new report from Greenwich Associates found. In a blog post this week, the data and analytics company released its new report called “European Corporate Banking: U.S. banks at the forefront of implementing such solutions.

US 128

US Report Management Analytics 128

CB Insights

JUNE 17, 2020

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. As more people have worked, learned, banked, exercised, relaxed, and even sought medical care from home during Covid-19, they have gotten a crash course in just how much can be accomplished at home.

Industry 101

Industry Technology Online Video 101

PYMNTS

SEPTEMBER 12, 2019

Compliance failures are prevalent worldwide: Approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance between 2008 and 2018. This month’s Deep Dive examines the struggles and strategies involved in securing the FinTech and digital banking space and how AI may be able to help. .

Fraud 189

Fraud Fintech Compliance Regulation 189

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

JANUARY 21, 2020

In 2018, Qonto was awarded a payment institution license, developing its own banking apparatus from there. Qonto launched its corporate digital banking solution in 2017. At the time, the company said that business customers could access its digital and mobile services for a fee. million.

Capital 131

Capital Digital Banking Compliance Mobile 131

William Mills

MAY 9, 2018

Welcome to FinovateSpring 2018. Again another financial wellness platform using machine learning technology. A TON of really old technology is being used in mortgage lending. In fact, Fiserv recently sold ALL of their mortgage technology to a PE firm. I’m here at the Santa Clara Convention Center covering the demos.

Security 40

Security Samsung Strategy San Jose 40

PYMNTS

DECEMBER 1, 2017

Those partaking in the program, which aims to support later-stage FinTech and technology startups, total 11 firms selected from five countries. One startup, AID:Tech , deploys blockchain technology for digital entitlements. 15, 2018.

Groups 147

Groups Resources Fintech blockchain 147

PYMNTS

NOVEMBER 23, 2020

While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them. As regards legacy payroll processing software — a notorious weak link in today’s tech stack — alternative payroll methods have technological cleverness and sheer utility. based organizations, 41.2

System 165

System Management Tools Cards 165

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

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

FEBRUARY 14, 2020

The founder of Moven, Brett King, said the new venture would be a “world-class” bank, and that it would set its sights on the Gulf Cooperation Council (GCC) region. STC Pay, which does financial technology work for both companies and individuals, works with the Saudi Arabian Monetary Agency.

Regional 222

Regional Google Financial Technology Capital 222

Abrigo

AUGUST 26, 2019

The community bank model is built around customer service, but for many bank and credit union customers, the definition of “good service” has been changing over the last couple of decades. The 2018 J.D. customers than traditional retail banks earned in the firm’s study of retail banking satisfaction. Learn More.

Conference 150

Conference Lending Oklahoma Alabama 150

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

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