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.

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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?”.

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Digital Banking Software Tools Innovation 115

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.

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PYMNTS

DECEMBER 17, 2020

Kakao Bank Corp. , a South Korean digital bank, has chosen Credit Suisse and KB Investment & Securities as its advisors for its upcoming initial public offering (IPO), Reuters reported. The bank's most current valuation is estimated to be around 10 trillion won ($9.1 Kakao Pay , the FinTech arm of Kakao Corp.

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Samsung Digital Banking Security Fintech 243

FICO

FEBRUARY 2, 2022

Following the highly successful The 11 Commandments of Digital Banking eBook , we are kicking off a series of 5 deeper dive blog posts that group the 11 commandments below into common themes. Digital lift-and-shift is not a strategy! Banks must find ways to be personable in these impersonal channels. Respect the data.

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Customer Experience Digital Banking Video eBook 52

BankInovation

FEBRUARY 8, 2022

Truist Financial was formed through the 2019 merger of BB&T and SunTrust — the largest bank merger in the past 20 years — and is the first substantial merger with a full digital component. The Charlotte, N.C.-based

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Charlotte Management Digital Banking 98

Gonzobanker

JANUARY 25, 2019

Beyond Payments into Digital. Cornerstone Advisors Managing Director Jim Burson pointed out that while small relative to its payments revenue, in 2018 First Data partnered with Live Oak Bancshares to establish the Apiture Digital Banking offering. Will their ability to perform well and be cost-competitive change?

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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. Provisions for credit losses were flat at $1.3

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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.

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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.

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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. In the filing, known as an 8-K, Goldman said it would commence with the new reporting with its fourth quarter 2019 results. billion for the quarter that ended Sept. billion seen in December 2018.

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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. In the filing, known as an 8-K, Goldman said it would commence with the new reporting with its fourth quarter 2019 results. billion for the quarter that ended Sept. billion seen in December 2018.

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PYMNTS

NOVEMBER 26, 2019

“Some consumer segments appear to have been left without sufficient, convenient and low-cost access to the financial services they need to manage their financial lives,” the report, “Perspectives from Main Street: Bank Branch Access in Rural Communities,” indicated. . Earlier this month, the U.S.

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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

Cisco

APRIL 7, 2019

What isn’t always so clear, however, is what trends matter most and where banks should focus their attention to stay head of the curve. We’ve identified the top 4 trends that banks can’t ignore in 2019. #1. Mobile-first banking is an immediate driver of digital strategy. Consumers crave a customized experience.

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Trends Cyber Security Big Data Analytics 64

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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PYMNTS

DECEMBER 11, 2020

The M&A landscape has been quiet due to the pandemic, with deal making down 70 percent from 2019, with just 40 transactions. M&A activity is expected to escalate post-pandemic, Doug Brown, digital banking senior vice president and general manager at NCR, told PYMNTS. .

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social media Digital Banking Groups Innovation 205

FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Tue, 07/02/2019 - 02:45. Financial Institutions, such as banks, have expended great effort to improve digital security, yet bad actors are multiplying and attacks have increased in scope and frequency. FICO Admin. by Sarah Rutherford. Sarah Rutherford.

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Survey Fraud Digital Banking social media 52

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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PYMNTS

NOVEMBER 20, 2019

billion user records have been exposed in the first half of 2019, and more than 20 breaches are reported every day. I would say talent management is definitely top of mind.”. Llewellyn added that banks are looking for experts in anti-money laundering, cybersecurity, data analytics and payments. It is estimated that more than 4.1

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PYMNTS

NOVEMBER 9, 2018

Bottomline Technologies posted fiscal first quarter results that showed subscription and transaction revenue growth of double digits as management pointed to opportunities and gains in the B2B payments space. All told then, subscription and transaction revenues — primarily across the company’s cloud platforms — were $69.8

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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.

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Compliance Digital Banking Security Online 191

Abrigo

MARCH 15, 2022

They see that allowing members or customers to quickly open and fund accounts online: Creates a bridge to new commercial and consumer relationships and Offers a moat around existing relationships to protect them from competition Online account opening more than doubled at most banks between 2019 and 2020, according to the ABA Banking Journal.

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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. ”

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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.

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Digital Banking Online Atlanta Las Vegas 15

PYMNTS

SEPTEMBER 17, 2019

About 40 percent of all ATO attacks now count as high-risk, meaning banks of all shapes and sizes must reexamine how they think about data protection, security and the tools they use to guard against emerging threats. Arou nd the Digital Banking World. digital bank Monzo. market debut. There were 4.1

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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

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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PYMNTS

JULY 12, 2019

digital bank Starling, several senior executives — including Julian Sawyer, Starling’s co-founder and chief operating officer — have left this year. Sawyer, who was also head of banking services, stepped down July 11 following Product Director Ben Chisell’s departure last week. Amid expansion efforts of U.K.

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Cisco

APRIL 7, 2019

What isn’t always so clear, however, is what trends matter most and where banks should focus their attention to stay head of the curve. We’ve identified the top 4 trends that banks can’t ignore in 2019. #1. Mobile-first banking is an immediate driver of digital strategy. Consumers crave a customized experience.

Trends 48

Trends Cyber Security Big Data Analytics 48

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

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.

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PYMNTS

NOVEMBER 11, 2019

lender HSBC made progress in the launch of its digital banking platform for small businesses, Kinetic, which is now operating in beta phase, Reuters reported on Monday (Nov. where the FI’s losses were greatest.

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Digital Banking Taxes Analytics Analysis 105

William Mills

SEPTEMBER 27, 2019

Over half of the demos were new company or product debuts featuring business intelligence, chatbots, digital banking, employee benefits, financial planning, insurance, lending, payments, risk management, security, wealth management, and more. Here are a few key trends and event highlights stood out to us.

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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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PYMNTS

JUNE 25, 2019

Monzo , a London-based digital bank, has raised £113m in new funding as of this week, bringing the firm’s total valuation to £2 billion at the early outset of its expansion into the U.S. Monzo’s major offering to customers is fully-digital banking services; users can open and manage their accounts entirely via a smartphone app.

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Digital Banking Fintech Examples US 108

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. Admittedly, I’ve been away from directly managing digital banking and haven’t kept up with IBM Trusteer. Open Banking/APIs. It must be built to serve the business.”.

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blockchain Conference Security Innovation 40