PYMNTS

DECEMBER 1, 2019

There are limits on ATM withdrawals and online payments. Eventually, the startup wants to allow teens to get paid for particular chores or jobs and let more than one parent manage a child’s account. The company was started in January 2019 by Benoît Grassin and Caroline Ménager. Pixpay costs €2.99 Other ATM withdrawals cost €2.

Digital Banking 151

Digital Banking ATM Cards Capital 151

Gonzobanker

JANUARY 3, 2019

As for the top 10 banks, they are liquid going into 2019, and we can assume they will enjoy lower deposit betas than the rest of the industry. Online banks are getting aggressive. So, going into 2019 the issue of deposits is real and it’s one of growth, margin and profitability. They won’t.

Strategy 106

Strategy Online Management Industry 106

PYMNTS

JANUARY 24, 2019

banking giant Citi said it will reduce its physical presence in Russia – reducing office count, actually – but that business should in fact grow in 2019. That comes from Michael Berner, the consumer business manager of the Russian operations, who is also a Citi Russia board member.

Online 108

Online Regional Mobile Retail 108

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

PYMNTS

JANUARY 21, 2021

In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 Active digital banking users likewise grew 3 percent to 39.3 If one draws a straight line through all of these banks’ results, the trend is up and to the right. million during the quarter.

Mobile 252

Mobile Report Trends Digital Banking 252

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

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. It’s just getting started.

Data 116

Data Fintech Community Bank UX 116

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

NCR

AUGUST 14, 2017

It can be tempting to view online banking as the inevitable future of the sector. For many people, digital services are not only their preferred way of managing their finances, but the only way. The reasons for shunning online services. The post Who are the holdouts still not using online banking?

Online 85

Online United States Millennials Digital Banking 85

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. Around The FI Fraud Decisioning World.

Fraud 245

Fraud How To Strategy Analysis 245

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.

Community 209

Community Regional Maine Digital Banking 209

PYMNTS

DECEMBER 14, 2020

The pandemic has had a significant impact on consumer adoption of online and mobile banking services as more people are digitally engaging with their banks to curb health risks. Mobile banking use is ticking up, especially among younger users, with PYMNTS data showing that 75.9

ATM 257

ATM Mobile Strategy Study 257

PYMNTS

SEPTEMBER 30, 2020

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). Capify is an online alternative lender that serves SMBs in the U.K.

Fintech 210

Fintech New York Capital Lending 210

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

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. billion for the quarter that ended Sept.

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. billion for the quarter that ended Sept.

Apple 132

Apple Lending Cards Report 132

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.

Fintech 201

Fintech Capital Groups ATM 201

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

Fraud 117

Fraud Data Management Analytics 117

PYMNTS

OCTOBER 13, 2020

The program will also appear in the customer’s PayPal wallet, which will give them a way to manage payments online or on their mobile apps. in 2019, with the trend expected to double in use by 2023. The release says there was a 39 percent increase year over year of people utilizing BNPL services in the U.K. Rob Harper , U.K.

Operations 236

Operations Online Trends Retail 236

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.

Video 205

Video Fraud Digital Banking System 205

PYMNTS

OCTOBER 24, 2018

HSBC Holdings announced that it is teaming up with online lender Avant to offer unsecured loans to consumers. In the first half of 2019, HSBC’s U.S. By adding personal loans to our expanding product suite, we’re meeting the needs of today’s consumers who want a safe, fast and easy way to get an online loan.”.

Retail 115

Retail Online Digital Banking Management 115

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.

Report 247

Report Fraud Risk Management America 247

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…. See you can align your business and digital strategy. And yes, you can humanize digital banking.

Conference 70

Conference Digital Banking Austin Digital Strategies 70

PYMNTS

JUNE 12, 2020

The potential union would unite Ovo , Indonesia’s giant digital payment service that is backed by Singapore’s ride-hailing giant Grab Holdings , along with Dana, Indonesia’s digital wallet platform, an Alibaba Group Holding Ltd. Consumers use multiple digital devices to check balances, buy products and services or pay bills.

Fintech 160

Fintech Payments Report Digital Banking 160

Javelin Strategy & Research

FEBRUARY 1, 2022

Bank of America ranked as “Best in Class” over 20 top U.S. Bank of America ranked as “Best in Class” over 20 top U.S. Bank of America ranked as “Best in Class” over 20 top U.S. FIs must find the sweet spot at the junction of consumer privacy, cybersecurity empowerment, and cybersecurity education to maintain long-lastin.

Report 40

Report Digital Banking Fraud Mobile 40

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

Fraud 196

Fraud Digital Banking Delaware Tools 196

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.

Survey 52

Survey Fraud Digital Banking social media 52

PYMNTS

JUNE 14, 2019

Most consumers probably don’t have strong opinions about their banks, since the relationship tends to be more transactional than emotional. However, in the 2019 Retail Banking Report, a study by Reputation.com that analyzed online data relating to retail banking locations for 23 major U.S.

Retail 103

Retail Study Online Mobile 103

PYMNTS

NOVEMBER 20, 2020

The space has experienced robust expansion, with one report noting that more than 17 million consumers around the globe joined CUs in 2019. CUs cannot rest on their laurels, however, given that competition in the banking space has been intense during the current economic downturn. “As Mixing Digital, In-Branch Banking Approaches.

Technology 253

Technology Indiana Michigan Tools 253

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 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. The Commonwealth Bank of Australia has launched a service that seeks to bring these unique types of disbursements into the digital age.

Payments 169

Payments Fintech Trends United States 169

PYMNTS

MAY 22, 2020

Citibank said last week that the use of its digital banking channels soared in the first quarter (and beyond), tied to a global phenomenon where untold numbers of individuals are working from home, and where lockdowns have rendered traditional financial services processes inoperable. The Journey.

Operations 233

Operations Data Digital Banking Management 233

PYMNTS

OCTOBER 13, 2020

The program will also appear in the customer’s PayPal wallet, which will give them a way to manage payments online or on their mobile apps. in 2019, with the trend expected to double in use by 2023. The release says there was a 39 percent increase year over year of people utilizing BNPL services in the U.K. Rob Harper , U.K.

Operations 130

Operations Online Trends Retail 130

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

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. There were similar concerns about browser online banking.

blockchain 40

blockchain Conference Security Innovation 40

PYMNTS

JANUARY 15, 2021

billion, and managed to earn $2.08, where analysts had expected $1.34. Morgan management said on its call that debit spend gained 12 percent; Wells said that debit spending was up a bit more than 10.6 Debit spend at Wells, said CEO Charlie Scharf on the earnings call, was up double-digit percentages. The Great Digital Pivot .

Course 152

Course Conference Mobile Cards 152

PYMNTS

APRIL 7, 2020

percent from 2018 to 2019. Moving toward a digital experience is all the more urgent as the coronavirus pandemic has forced more interactions online amid extraordinary circumstances. Are CUs ready to embrace the digital transformation? Want another data point that offers food for thought? Keeping Score.

Innovation 142

Innovation Digital Banking Resources Apple 142