PYMNTS

DECEMBER 27, 2019

The PYMNTS December 2019 Credit Union Tracker looks at the changing topography of the CU space, as digital transformation challenges the “all for one, one for all” mentality that has undergirded their business model since the 1800s. Digital Unison. percent in Q3 2019, which is a concern for the entire sector.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

JUNE 3, 2020

The COVID-19 pandemic has removed the choice and forced FIs and customers to interact via digital platforms, though, and brick-and-mortar branches have become auxiliary services with limited use for more complicated financial tasks for those who remain branch-dependent. Confronting Digital Banking Reality.

Digital Banking 131

Digital Banking Mobile Tools Online 131

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. Social-based marketing. –> Browse more Think 2019 financial services blogs.

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

PYMNTS

OCTOBER 11, 2019

And, in digital banking, banks are innovating with their strategies for fraud protection and anti-money laundering (AML). 96 percent: Share of retail banks that plan to develop services focused on real-time payments by 2020. sales the athleisure market generated as of 2016. All this, Today in Data.

Trends 122

Trends Innovation Technology Marketing 122

PYMNTS

DECEMBER 1, 2019

Like competitor Kard , Pixpay wants to give teens a way to go digital and ditch cash altogether. . Challenger banks are typically marketed to adults. The company was started in January 2019 by Benoît Grassin and Caroline Ménager. Rival Lydia allows teens who are 14 years old and older. Other ATM withdrawals cost €2.

Digital Banking 151

Digital Banking ATM Cards Capital 151

PYMNTS

DECEMBER 30, 2019

In today’s top payments news, PayPal further integrates with Argentinian eCommerce company MercadoLibre, and Singtel and Grab partner to launch a digital bank in Singapore. PayPal expanded its partnership with Argentinian eCommerce company MercadoLibre, positioning itself to capture a larger share of the Latin America market.

Digital Banking 130

Digital Banking eBook Payments America 130

PYMNTS

JULY 8, 2019

InstaReM is currently preparing to apply for one of five (two retail, three wholesale) digital banking licenses that the city-state of Singapore announced it would be issuing earlier this month. Not without uses, not unimportant and a transitional step into the market for some consumers, but also not really a next-level innovation.

Digital Banking 176

Digital Banking Innovation Cards Lending 176

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

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

SEPTEMBER 30, 2019

Once upon a time in the 1960s, banks were building a series of one-off card-based solutions, much the way today in the ending days of the 2010s we see global digital banking, mobile wallets and alternative underwriting schemes building one-off tech-based solutions for financial services products. So today (Sept.

Marketing 211

Marketing Fintech Cards Branding 211

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

CB Insights

JANUARY 5, 2021

In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. The future for digital banking. First name.

Digital Banking 98

Digital Banking US Online FDIC 98

Accenture

APRIL 30, 2019

To help banks better understand where the horse is going and keep pace (rather than just yanking on the reins), we recently polled 47,000 financial services consumers across 28 markets about their banking needs, behaviors and preferences. Pioneers , for instance, look like the ideal customers for a modern digital bank.

Survey 151

Survey Marketing Groups Study 151

Gonzobanker

JANUARY 25, 2019

Twenty-two billion dollars is a monster-size deal, but at 2X First Data’s annual revenue, the price is a way lower revenue multiple than the growth-oriented digital mashups lining up in the market. The post Fiserv to buy First Data – the biggest fintech deal of 2019 appeared first on Gonzobanker. Ecosystem and Resellers Impact.

Data 117

Data Fintech Community Bank UX 117

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

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

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.

Mobile 108

Mobile United States Cards Community Bank 108

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. Want the full post?

Digital Banking 39

Digital Banking Capital Cards Fintech 39

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

The Financial Brand

JUNE 16, 2019

Much-awaited report from analyst Mary Meeker can help financial marketers climb aboard key internet evolutions while it still matters. The post 6 Financial Marketing Takeaways from the 2019 Internet Trends Report appeared first on The Financial Brand.

Trends 33

Trends Marketing Report Branding 33

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

Cisco

APRIL 7, 2019

It’s clear retail banks need to adapt to emerging trends to stay relevant in today’s market. 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.

Trends 64

Trends Cyber Security Big Data Analytics 64

Chris Skinner

JANUARY 19, 2020

When The Financial Times does what they’re good at – covering financial markets and not technology – then they do produce some fascinating content. Case in point is the latest coverage of JPMorgan Chase’s (JPMC) 2019 results.

Technology 280

Technology Marketing Case Study Study 280

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

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 are critical, as they enable further digital banking connectivity.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

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 billion using Zelle.

America 132

America Mobile Cards Digital Banking 132

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

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

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

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

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.

Online 195

Online Lending Survey Digital Banking 195

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

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

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

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. The bank also plans to expand Kinetic into new geographic markets. where the FI’s losses were greatest.

Digital Banking 105

Digital Banking Taxes Analytics Analysis 105

Cisco

APRIL 7, 2019

It’s clear retail banks need to adapt to emerging trends to stay relevant in today’s market. 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.

Trends 48

Trends Cyber Security Big Data Analytics 48

PYMNTS

FEBRUARY 17, 2020

FinTech startup EasyEuro — based in both Paris, France and Shenzhen, China — has closed a $4 million pre-funding deal to launch a Neobank (a 100 percent digital bank) that will target Europe and China simultaneously, the company announced in a recent blog post.

Fintech 176

Fintech Capital Regional Digital Banking 176