PYMNTS

JANUARY 7, 2019

Royal Bank of Scotland (RBS), which is gearing up to launch a new digital bank, has acquired a 25 percent stake in Loot , a U.K. According to a report in Financial Times , citing Royal Bank of Scotland , Loot offers customers a current account and pre-paid debit card. digital-only bank that is exploding.

Digital Banking 155

Digital Banking Fintech Cards Branding 155

PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Only two of the licenses will full digital banking licenses, while the other three will be wholesale banking licenses.

Digital Banking 130

Digital Banking Groups Regional Mobile 130

PYMNTS

JUNE 3, 2020

Many have been carefully coordinating their digital offerings to move away from outdated core banking infrastructures, but they must pick up the pace on their innovations. Confronting Digital Banking Reality. Forty-five percent of U.S.

Digital Banking 131

Digital Banking Mobile Tools Online 131

PYMNTS

DECEMBER 9, 2020

FIS and Worldpay combined in mid-2019, Fiserv and First Data combined shortly thereafter and Worldline SA purchased Ingenico earlier this year. What makes the current developments so interesting and exciting is that “we're just seeing that they're at the end of the innovation growth cycle,” he explained.

Innovation 306

Innovation Fintech Payments Regulation 306

Bank Innovation

JANUARY 27, 2020

Berlin-based digital banking startup N26 has 250,000 U.S. customers, the company confirmed to Bank Innovation on Monday. in August 2019, has 5 million customers globally. The company, which launched in the U.S.

US 243

US Digital Banking Innovation Company 243

PYMNTS

JULY 8, 2019

And the question of how to build a workable and innovative model in the developing world is one that has been on Nanu’s mind a lot – though for rather different reasons than it has been on Facebook’s. They want us to focus on true innovation.”. Building Real Innovation for Real Gaps. The Wider Future. There are a lot of answers.

Digital Banking 176

Digital Banking Innovation Cards Lending 176

Insights on Business

FEBRUARY 13, 2019

For Bradesco, a large Brazilian bank, NEXT is the answer. Next is a digital bank, completely disassociated from the Bradesco brand. Next has access to all of Bradesco’s ecosystem, ATMs, call center, internet banking. See more about this innovation in the short documentary by Errol Morris, Serving Millions, One-on-One.

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. THE BANKING AWARDS. Charles Scharf, CEO, Wells Fargo – We have to give a nod to the individual tapped to restore the reputation and culture of such a legendary bank. Bank Merger of the Year.

Idaho 148

Idaho Conference Data Marketing 148

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

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 percent in 2016. Another perennial challenge the industry faces is the ever-looming threat of data breaches.

Nevada 192

Nevada Security Innovation Data 192

PYMNTS

JANUARY 27, 2021

Financial institutions (FIs) around the world are confronting these issues with numerous digital implementations , as 85 percent of banks are offering some form of digital account opening, for example. This increased digital presence also brings a greater risk of digital fraud, however.

Security 213

Security Innovation Fraud Study 213

Bank Innovation

APRIL 27, 2020

Rising Bank, the digital offshoot of St. Louis-based Midwest BankCentre, gained $130 million in deposits in 2019. With the success of the stand-alone digital bank, which launched in January 2019, Midwest BankCentre is now incorporating new technologies into its traditional online banking.

St. Louis 259

St. Louis Digital Banking US Online 259

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.

Fintech 192

Fintech Innovation US Payments 192

PYMNTS

SEPTEMBER 11, 2019

Now in beta mode, Kuda will use the funds for new tech and a live launch by fourth-quarter 2019. It’s Nigeria for right now, but the plan is to build a Pan-African digital-only bank,” Ogundeyi said. Nigeria is Africa’s most populous country with 190 million people, and is also Africa’s largest economy.

Digital Banking 181

Digital Banking Fintech Google Software 181

PYMNTS

FEBRUARY 11, 2019

Monzo, a digital bank out of London, wants to expand past just mobile-based personal banking customers to small and medium-sized businesses (SMBs). . Tom Blomfield, the CEO of Monzo, asked customers in a tweet : “What one thing would you add to @monzo in 2019 to make it (more) awesome?”.

Digital Banking 115

Digital Banking Software Tools Innovation 115

Bank Innovation

JANUARY 31, 2020

Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 31, 2019. In this episode, editors discuss the following news developments: Venmo’s path to profitability; Berlin-based digital bank N26’s U.S. Listen to the Weekly […].

Branding 243

Branding Texas Video US 243

PYMNTS

JULY 18, 2019

Depending on where you look, the chasm yawns wide when it comes to innovating with new technologies or features. In a PYMNTS interview with Karen Webster, Joe DeRosa, EVP of Global Sales at i2c , discussed the findings of the July 2019 Innovation Readiness Playbook , subtitled “Leveling the Playing Field for Different-Sized FIs.”

Innovation 155

Innovation Study Technology Millennials 155

Bank Innovation

JANUARY 26, 2020

New York City-based Grasshopper Bank is geared toward startups, with a focus on pain points for founders. Grasshopper opened in May 2019 after securing FDIC and OCC approval, a rare distinction for a digital-only bank.

New York City 243

New York City FDIC New York Innovation 243

The Financial Brand

DECEMBER 29, 2018

As financial institutions enter 2019, there are 5 goals all organizations should consider to become more competitive digital banks. The post 5 Resolutions For Digital Banking Success in 2019 appeared first on The Financial Brand.

Digital Banking 33

Digital Banking Branding Big Data Strategy 33

The Financial Brand

DECEMBER 29, 2018

As financial institutions enter 2019, there are 5 goals all organizations should consider to become more competitive digital banks. The post 5 Resolutions For Digital Banking Success in 2019 appeared first on The Financial Brand.

Digital Banking 33

Digital Banking Branding Big Data Strategy 33

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, 2019, and 6.5% since June 30, 2018, S&P Global Market Intelligence reported.?

FDIC 243

FDIC US Retail Digital Banking 243

Insights on Business

FEBRUARY 10, 2019

Welcome to Think 2019 in San Francisco, CA! Download the NEW IBM Events app for Think 2019. See the full Think 2019 conference guide. –> Explore IBM Banking and Financial Markets Solutions. 9:30 AM – 10:10 AM | Session ID: 6925A and 7504B Digitizing the Flow of Goods, Information and Money with Blockchain.

San Francisco 79

San Francisco blockchain Conference Video 79

Insights on Business

JANUARY 28, 2019

transform to become more agile, more digital and more customer-centric. Backbase is the leading solution provider in digital banking and a strategic alliance partner of IBM. Together, IBM and Backbase have helped many banks around the world transform to become more agile, more digital and more customer-centric.

San Francisco 87

San Francisco Analytics Albuquerque Security 87

Gonzobanker

APRIL 24, 2019

A few nuggets: Marketing spend is the one place where banks can innovate quickly vs. waiting for long-haul tech and people-based transformations. To give you a sense of industry change, four years ago at this same conference, there was one digital banking vendor and zero CRM vendors in a hall of about 30 niche marketing companies.

Branding 125

Branding Conference Strategy Oregon 125

The Financial Brand

DECEMBER 2, 2018

The bank innovation trends for 2019 focus on the personalizing and digitizing product development and service delivery, improving the customer experience. The post 5 Innovation Trends That Will Define Banking in 2019 appeared first on The Financial Brand.

Trends 33

Trends Innovation Customer Experience Branding 33

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

PYMNTS

JULY 22, 2020

In the July Digital-First Banking Tracker® , PYMNTS explores the latest in the world of digital-first banking, including the long-lasting effects brought on by the pandemic, the shifting attitudes surrounding ATM use, and how the digital banking development field is reaping dividends from the financial industry’s sea change.

ATM 225

ATM Digital Banking Alabama Study 225

PYMNTS

SEPTEMBER 24, 2020

Most banks are familiar with how quickly regulatory requirements can change. One 2019 report noted that there were 220 updates to such requirements worldwide each day, equating to roughly 80,000 in one year. The pandemic may not have created the challenges banks face in keeping their cloud strategies and innovations compliant.

Compliance 151

Compliance Fraud Regulation Security 151

PYMNTS

SEPTEMBER 22, 2020

Consumers moved to digital banking in droves during the early months of the COVID-19 pandemic — it appears they are not moving back. Consumers pivoting to online banking are also more concerned over the privacy and security of their data, especially as fraud volumes creep up —and financial regulators are taking notice.

Compliance 191

Compliance Digital Banking Security Online 191

ZootBlog

APRIL 17, 2019

The post CBA Live 2019: Top 5 Takeaways appeared first on Zoot Solutions.

User Experience 86

User Experience Customer Experience Trends Digital Banking 86

PYMNTS

JUNE 27, 2019

In the latest Digital Banking Tracker™ , PYMNTS examines how banks are innovating to address these security vulnerabilities. Around the Digital Banking World. Banks and payment players are adopting new technologies to keep customer data safe. by the end of 2019. In the U.K.,

Customer Experience 109

Customer Experience Digital Banking Innovation Security 109

PYMNTS

JANUARY 30, 2020

In today’s top news, Facebook reports a 51 percent increase in expenses for 2019 in its Q4 earnings release, Goldman focuses on expanding its digital consumer bank and Airbnb hires former Disney President Catherine Powell to head its Experiences division. Facebook Expenses Rise 51 Pct as Regulatory Pressure Increases.

social media 141

social media Payments ATM Fraud 141

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

FICO

APRIL 2, 2019

This April, the world’s leading event in financial services innovation kicks off – LendIt Fintech USA 2019 in San Francisco on April 8 and 9th. Thousands of thought leaders across industries like financial inclusion, digital banking, and lending will share insights on the latest fintech industry market trends and future challenges.

Innovation 40

Innovation San Francisco Analytics Lending 40

PYMNTS

DECEMBER 11, 2020

Some pundits have expressed concern that holding up mergers and acquisitions could stifle innovation. The M&A landscape has been quiet due to the pandemic, with deal making down 70 percent from 2019, with just 40 transactions. percent of proposed mergers from 2008 to 2016.

social media 205

social media Digital Banking Groups Innovation 205

PYMNTS

FEBRUARY 7, 2020

Bank of America can now integrate data from key third-party business applications on its Business Advantage 360 platform to offer a more complete financial picture for small businesses, according to an announcement. Since the February 2019 launch, over 1 million Bank of America business owner clients have engaged with the platform.

America 160

America Google Analytics California 160

PYMNTS

NOVEMBER 22, 2020

The innovations came through traditional FIs’ lowering of fees and innovations from companies like Brex, which introduced new rewards, or FLEETCOR company Comdata debuting a new invoice financing service, PYMNTS reports. As a result, Danske Bank was ordered out of Estonia and closed its operations in Russia and the Baltics.

Cards 221

Cards Payments Innovation Regional 221