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 2019 — up from £32.9 Revolut attributed the losses to its expansion into new markets and the introduction of new products. The company posted a total loss of $139.6

San Francisco 239

San Francisco Fintech Digital Banking California 239

PYMNTS

APRIL 16, 2019

Bank of America (BoA) missed on revenue when it reported its Q1 earnings on Tuesday (April 16) and predicted net interest income would rise half as fast this year, both of which combined to send shares down 2.7 percent when markets opened this morning. However, the bank’s trading desks were sluggish, weighed down by the early 2019 U.S.

America 154

America Mobile Conference Report 154

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.

Mobile 108

Mobile United States Cards Community Bank 108

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.

Maine 148

Maine Lending Cards Bitcoin 148

PYMNTS

FEBRUARY 14, 2020

Mastercard Gets Nod To Join China’s $27T Payments Market. China’s central bank gave Mastercard the green light on Feb. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. a share with a market cap of $14.6 What Amazon At 10 Can Teach Us About Uber At 10.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

JULY 25, 2019

Banks need to keep this requirement top of mind as they compete against other FIs in newer markets, however. It is thus imperative that those seeking to expand into new markets adjust their fraud protection strategies to better fit local customer needs. Bringing a global fraud approach to a new local market. operations.

Fraud 164

Fraud Marketing US Resources 164

CB Insights

JUNE 10, 2021

Brazil-based Nubank is a digital banking services provider that offers several financial products, such as savings bank accounts, debit cards, no-fee credit cards, P2P payments, loans, and life insurance. With 45,000 signups daily, its customer base has increased from 12M to 40M since 2019.

Digital Banking 39

Digital Banking Capital Cards Fintech 39

CB Insights

NOVEMBER 21, 2019

While deals and dollars slowed to Canadian startups in the first half of 2019, early-stage startup activity suggests that there’s more to the story. GET THE ENTIRE 41-PAGE CANADA VC REPORT H1 2019. Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. The 2019 Canadian fintech market map.

Fintech 93

Fintech Marketing US Technology 93

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

Security 215

Security Capital Cards Report 215

PYMNTS

JANUARY 24, 2020

million users it reported in the summer of 2019. “We We added more customers in 2019 than we did in all the prior years put together,” Stalf, 34, added in an interview. The last funding round in July 2019 produced $170 million from investors including Valar, Tencent and Insight Partners. Nicolas Kopp, the U.S.

United States 193

United States Examples Marketing Fintech 193

PYMNTS

JANUARY 15, 2020

Zelle peer-to-peer (P2P) payments increased 76 percent year-over-year in the fourth quarter of 2019, Bank of America said on Wednesday (Jan. In its Q4 financial release , Bank of America also gave updates on its mobile and digital efforts. As it stands, Bank of America now has 38.3 consumer cards.

America 132

America Mobile Cards Digital Banking 132

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

OCTOBER 16, 2019

Zelle P2P payments increased 76 percent year-over-year (YoY) in the third quarter of 2019, Bank of America said on Wednesday (Oct. In its Q3 financial release , Bank of America also gave updates on its mobile and digital efforts. In all, Bank of America now has 38 million active digital banking users, along with 28.7

America 116

America Payments Mobile Cards 116

PYMNTS

APRIL 24, 2020

With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. Cross River Bank.

Fintech 193

Fintech Capital Security FDIC 193

PYMNTS

JANUARY 12, 2020

It will integrate with the financial giant’s digital bank Marcus. Prior to that time, the venerable Goldman Sachs was primarily an investment bank and trading house utilizing wholesale market funding since being founded in 1869. People expect a digital bank to have an app,” Greco said. “We

Mobile 131

Mobile Digital Banking Software Apple 131

PYMNTS

JUNE 21, 2019

A recent study conducted by financial services provider Kasasa and The Harris Poll found approximately 84 percent of Americans determine the products and services they desire first, then search for banks or CUs that offer them. percent of all CU members — currently offer some sort of credit card. The Appeal of CU-Issued Credit Cards.

Cards 102

Cards Omaha Minneapolis National 102

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. percent in 2019, compared to 10.5 The new platform provides dynamic marketing campaigns based on members’ transactional, lifestyle and behavioral data.

Nevada 192

Nevada Security Innovation Data 192

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? More competition is welcome.

Conference 70

Conference Digital Banking Austin Digital Strategies 70

PYMNTS

FEBRUARY 26, 2020

Digital banking and payments firm i2c is partnering with next-generation commerce firm Sightline Payments to deliver cashless, mobile and omnichannel programs to over 45 gaming resorts, state lotteries, digital gaming and sports betting sites across eight states, i2c announced on Wednesday, Feb. There are more than 2.5

Oregon 232

Oregon Pennsylvania Innovation Operations 232

PYMNTS

NOVEMBER 20, 2020

The market for wearables is expected to reach nearly $70 billion by 2025, according to research firm IDTechEX , with healthcare-related products seeing the most growth. CNBC noted that the smartwatch market alone has doubled in size to $13 billion over the past three years, with Apple , Google and Samsung all actively competing in the space.

Samsung 150

Samsung Apple Google Analytics 150

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. Older adults have long been ignored in all kinds of markets, but evidence of bold change is even emerging in entertainment. Well, it happened. The need is there.

Los Angeles 117

Los Angeles Fintech Digital Banking Tools 117

PYMNTS

JUNE 12, 2020

If successful, it could catapult Ovo and Dana into dominating Indonesia’s multibillion-dollar online payments market. In addition, it intensifies competition among investors in Indonesia’s digital payments industry with its 260 million people. They expect digital payments to work seamlessly.

Fintech 160

Fintech Payments Report Digital Banking 160

PYMNTS

OCTOBER 8, 2020

Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., one of the biggest payments processors in the world, one of the top 3 banks in Brazil, one of the big four banks in Australia, the largest national card processor in Europe, and several others),” according to the release.

Report 247

Report Fraud Risk Management America 247

PYMNTS

JULY 16, 2020

The bank boosted reserves even as the firm’s active mobile banking users rose 9 percent to 30.3 Active digital-banking users likewise grew 5 percent to 39.3 And on the downside, Bank of America said combined credit/debit card spend fell some 10 percent when compared to a year ago. consumer cards vs. $93.6

America 144

America Mobile Cards Community 144

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.

Fraud 196

Fraud Digital Banking Delaware Tools 196

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). The FinTech has raised $73 million to date to expand its digital banking offerings. Past investors include Jafco Co.

Fintech 201

Fintech Capital Groups ATM 201

Fintech Labs Insights

NOVEMBER 10, 2023

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. 1,080 $491 26 One Finance 248 2019 SF 1,110,000 1.7

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

PYMNTS

AUGUST 9, 2019

Commercial payments firm Bottomline Technologies is doubling-down on data intelligence after posting an 11 percent year-on-year increase in subscription and transaction revenues for the fourth quarter of fiscal year 2019, the company announced Thursday (Aug. 8) after market close. Digital Banking IQ.

Data 134

Data Analytics Digital Banking Cards 134

PYMNTS

DECEMBER 3, 2020

A down round, according to PYMNTS , is when a private company taps the market for fundraising, usually selling equity and coming back with lower valuations than before. Monzo's previous round was for 40 percent less than its 2019 valuation, and the pandemic's effects hobbled the bank's efforts to expand more overseas.

Las Vegas 181

Las Vegas Report Marketing Fintech 181

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. Close to one-quarter of AP pros surveyed also want to bring ePayables and virtual cards online for treasury operations.

Survey 135

Survey United States Technology Payments 135

PYMNTS

OCTOBER 22, 2019

by the end of 2019, Mastercard said in a press release on Tuesday (Oct. All of Revolut’s first debit cards in the U.S. will be a huge milestone for us, and we are delighted Mastercard will be our go-to-market partner.”. Revolut’s success and its speed to new markets, such as the U.S., and at least half in the U.K.

US 103

US Fintech Meeting Cards 103

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.

Alabama 228

Alabama Meeting Fraud Trends 228

PYMNTS

JULY 23, 2020

Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. Growing interest in open banking typically coincides with the expanding use of online financial platforms and tools. The creation of open banking initiatives in the E.U.

America 165

America Regulation Regional Tools 165

Gonzobanker

DECEMBER 14, 2023

Merger of Equals Deal of the Year (Bank) – Burke & Herbert Financial Services Corp. billion bank in the Mid-Atlantic region. Merger of Equals Deal of the Year (Credit Union) – Spire Credit Union and Hiway Credit Union put 2+2 together to make a $4 billion institution in the Minnesota market. and Summit Financial Group, Inc.

Fintech 194

Fintech Community Regional Technology 194

Accenture

SEPTEMBER 22, 2019

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. in the year to February 2019. Profitability.

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

DECEMBER 17, 2018

launch in February of 2019. “We We are doing that by building a digital bank that truly accommodates the way people live their lives and is dedicated to connecting a person’s finances to their social world.”. B-Social’s plan is to let users buy stuff with its card, and then mark the purchase as an expense for a group.

Fintech 176

Fintech Groups Lending Financial Technology 176

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.

Payments 169

Payments Fintech Trends United States 169