PYMNTS

NOVEMBER 2, 2020

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Ternio’s BlockCard Teams With P2P Bitcoin Marketplace Paxful for Crypto Debit Card.

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Maine Lending Cards Bitcoin 148

PYMNTS

APRIL 12, 2019

Fresh off headlines tied to JPMorgan CEO Jamie Dimon’s appearance on Capitol Hill and a shareholder letter that pointed toward resilient economic fundamentals in the United States and the promise of digital banking, the bank posted first-quarter results that topped expectations. a share, topping the Street by 30 cents.

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PYMNTS

JANUARY 7, 2020

Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. That includes Marcus and the Apple Card.

Report 134

Report Apple Lending Cards 134

PYMNTS

JANUARY 7, 2020

Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. That includes Marcus and the Apple Card.

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Apple Lending Cards Report 132

Gonzobanker

OCTOBER 27, 2022

In early October, the Federal Reserve finalized a rule, known as Regulation II (Debit Card Interchange Fees and Routing), that requires every debit card transaction to have access to two unaffiliated payment card networks. The Federal Reserve reported that 23% of debit card transactions were CNP in 2019.

Cards 78

Cards Fraud Regulation Trends 78

PYMNTS

JANUARY 15, 2020

As seen with other banks that have reported thus far in a nascent earnings season, trading and asset management revenues were up significantly in the quarter. The company said asset management revenues were up 52 percent to $3 billion on a net revenue basis. Targeting the Consumer.

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Apple Cards Management Conference 139

PYMNTS

MAY 27, 2020

More consumers are turning to the omnichannel offerings of banks and credit unions (CUs) as they follow stay-at-home mandates, and cybercriminals are eager to launch attacks that make use of these channels. Deep Dive: Why Banks Must Examine Customer Behaviors Across Channels. Otherwise, the fraud could continue unnoticed.

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Fraud How To Strategy Analysis 245

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

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

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Security Capital Cards Report 215

PYMNTS

JANUARY 21, 2021

Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs. In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 million during the quarter.

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Mobile Report Trends Digital Banking 252

PYMNTS

MARCH 31, 2020

Tokyo, Japan’s digital banking startup Kyash has closed a $45 million Series C funding deal co-led by Greenspring Associates and Goodwater Capital, Kyash said in a statement on Sunday (March 30). Greenspring Associates is a global venture capital investment platform managing assets in excess of $10 billion.

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Fintech Capital Groups ATM 201

PYMNTS

SEPTEMBER 24, 2020

The ongoing COVID-19 pandemic and its associated social distancing and stay-at-home orders have pushed untold services online for easier consumer access, with banking serving as a prime example. We’ll see more and more [of this] action as digital [banking] progresses.”. Fraud Threats To Digital Banking.

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Video Fraud Digital Banking System 205

Gonzobanker

JUNE 7, 2023

The launch of Charlie points to an underserved niche in banking: older adults. In mid-May, a digital bank account for the 62+ crowd debuted in the United States. It’s only a matter of time for retirees to get a rewrite of digital banking. In 2019, pre pandemic, only 37% said the same thing.

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Los Angeles Fintech Digital Banking Tools 117

Gonzobanker

JUNE 11, 2018

Attendance at American Banker’s Digital Banking conference has grown significantly since I was here in 2016, reflecting the obvious interest levels in digital, yet the vibe remained largely the same as two years ago…. Is voice banking even a blip on your digital roadmap? Huge missed opportunity.

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Conference Digital Banking Austin Digital Strategies 70

PYMNTS

JUNE 12, 2020

In addition, it intensifies competition among investors in Indonesia’s digital payments industry with its 260 million people. Gojek’s app has been downloaded 170 million times and was the most widely used on-demand app in Indonesia in 2019, according to App Annie. They expect digital payments to work seamlessly.

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Fintech Payments Report Digital Banking 160

PYMNTS

NOVEMBER 10, 2020

Kuda's bank works with customers and will soon add a capability for small businesses. CEO Babs Ogundeyi said the company's goal is to "bank every African on the planet, wherever you are in the world,” TechCrunch reported. The pandemic has affected the Nigerian banking landscape, PYMNTS reported.

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Mobile Capital Report Management 186

PYMNTS

JANUARY 15, 2021

What’s in the cards? billion, and managed to earn $2.08, where analysts had expected $1.34. Morgan released reserves, yes, but kept its reserves tied to the card business intact, at $17.8 billion, even as card loans gained slightly, and the net charge-off rate declined. The Great Digital Pivot . Citi released $1.5

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Course Conference Mobile Cards 152

PYMNTS

SEPTEMBER 17, 2019

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses. Arou nd the Digital Banking World. Banks in other regions are also dealing with data breaches of their own, such as U.K. digital bank Monzo.

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Fraud Digital Banking Delaware Tools 196

PYMNTS

NOVEMBER 19, 2020

The space has added 107 million members over the past decade, with 17 million joining just in 2019. CU members stand to benefit greatly from such solutions, as the study reported that 51 percent them of them have had their identities stolen and 68 percent have been targeted by debit or credit card fraud.

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Alabama Meeting Fraud Trends 228

PYMNTS

DECEMBER 18, 2019

Digital payments company Payrailz is teaming with Mastercard to launch a pilot of the Mastercard Bill Pay Exchange, a real-time payment solution that works directly with digital banking apps, Payrailz said in a press release on Wednesday (Dec. The goal is to offer users an easy way to view, manage and pay bills.

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Payments Connecticut America Digital Banking 147

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

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PYMNTS

NOVEMBER 9, 2020

million households lacked access to bank accounts as of 2019. Becoming unbanked also means losing access to other credit products or the ability to receive digital payments or disbursements via traditional channels, further reducing the money these individuals can save in an attempt to bolster their financial standing.

Tools 203

Tools Mobile FDIC Examples 203

PYMNTS

DECEMBER 31, 2019

The PYMNTS December 2019 Next-Gen AP Automation Tracker details explosive innovation in real-time payments for business, driven in no small part by accounts payable (AP) professionals. Many thousands of SMBs continue to struggle with managing the paper check and postal mail cycle, and it’s not limited to smaller businesses.

Survey 135

Survey United States Technology Payments 135

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., EMEA, Asia and the Pacific and Latin America.

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Report Fraud Risk Management America 247

PYMNTS

JULY 15, 2020

Existing Greenhouse by Wells Fargo customers can continue to manage their finances through the Greenhouse app.”. Wells Fargo appeared to aim Greenhouse at younger consumers or others with little traditional banking involvement when the bank unveiled the app in 2017. Millennial-Banking Apps Are Struggling.

Millennials 166

Millennials ATM Mobile Maine 166

Gonzobanker

MARCH 26, 2020

Financial institutions that are not ready to fully serve customers digitally face an existential threat. Despite all the hype related to digital transformation over the last several years, the systems and processes required to support customers virtually are not good enough. Get Gritty on Digital Servicing. Who prints the card?

Mobile 153

Mobile Digital Banking Strategy Examples 153

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Importantly, Huntington has continued to focus on digital investments and its strong legacy of product management to remain a progressive regional bank. Paul Murphy, founder of Murphy & Co.

Fintech 194

Fintech Community Regional Technology 194

Chris Skinner

JULY 23, 2017

The pedestrian replies: “oh, if you want to get there, I wouldn’t start from here”, and this is exactly how … DenizBank, Turkey … the visible bank One of the presentations I particularly enjoyed at the EFMA meeting was from Gürhan Çam, Senior Vice President- Digital Banking at DenizBank, Turkey.

Boston 171

Boston Bitcoin Innovation Conference 171

PYMNTS

DECEMBER 28, 2018

Looking at the results of the CUs recently commissioned Eye on Payments study, consumers expect more heading into 2019, and meeting those expectations will be about more than advanced technology alone. In many cases, these mobile payments are backed by the same cards they are using in stores,” Pierce said. “So, They are using cards.

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Fraud Mobile Security Cards 131

Alex Jimenez

FEBRUARY 27, 2019

IBM Think 2019 Campus. As noted in a previous post, I attended IBM’s Think 2019 conference in San Francisco earlier this month. Also, during the Chairman’s Address we heard from IBM’s President and Chairman, Ginni Rometty, Hyundai Card CEO, Ted Chung, and Geico CIO, Greg Kalinsky. Open Banking/APIs.

blockchain 40

blockchain Conference Security Innovation 40

PYMNTS

JULY 31, 2019

Even in 2019, there persists this idea in the mainstream that invention stems from the epiphany and late-night toil of the solitary scientist. Visa, of course, provides entry into that program, and acts as mentor, helping FinTechs navigate the multiple moving parts that is the dynamic landscape of digital payments and new tech.

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Fintech Innovation US Payments 192

PYMNTS

OCTOBER 1, 2020

More than 40 percent of United States businesses received at least some of their invoices in 2019 via a form of communication that many younger generations may have trouble identifying, let alone using: fax. One Nordic financial startup has reversed this trajectory and decided to get its own banking license. Around The BaaS World.

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Payments Fintech Trends United States 169

PYMNTS

MAY 5, 2020

The United States lacks this type of central directive, but many banks are exploring APIs of their own initiative. More than half view it as a core part of their future digital goals, and 77 percent report having invested in them in 2019. Banks Monitor B2B API Performance With The Help Of Third-Party Data.

Payments 200

Payments United States Software Cards 200

PYMNTS

JANUARY 24, 2020

Digital banking: German smartphone bank N26 sees a 40 percent increase in customers to five million customers since the summer, and says it added more individuals in 2019 than all prior years combined. Should a full-blown epidemic ensue, the ripple effects will have waves far beyond China’s borders.

Digital Banking 131

Digital Banking Retail Course Software 131

Fintech Labs Insights

AUGUST 24, 2022

Small-business-expense-manager Jeeves has been climbing the ranks of our SMB card list this year, hitting #3 at the beginning of the summer after landing a $180M round in March. million) and Ramp (1 million), but still the fourth highest among the digital challenger cards. Founded: 2019 (Feb). 25 reviews).

Cards 15

Cards User Experience Digital Banking Online 15

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. All told, they raised over $15B in 2019, in addition to forging new high-profile partnerships, spinning off new ventures, and evolving their products and strategies.

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Fintech US Lending Cards 80

FICO

JANUARY 4, 2023

FICO global survey finds customers want better fraud protection and more security from their digital banking channels. Tue, 07/02/2019 - 02:45. For example, 78% of customers of financial institutions (FIs) globally say they would not prefer to open a car loan digitally. Digital Considered Less Secure. FICO Admin.

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Fraud Survey Security Digital Banking 52