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Weekly Wrap: Luge Capital courts early-stage fintechs, as payment providers rustle with UX and data privacy

Bank Innovation

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, October 25, 2019.

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Zelle posts 58% year over year growth in payment volume, as banks navigate UX

Bank Innovation

According to Early Warning data, Zelle users sent $49 billion through the network during the third quarter of 2019, a 58% year-over-year increase. Peer-to-peer payments network Zelle is growing transaction volume, according to numbers released Tuesday by its bank-owned network operator, Early Warning Services.

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NEW DATA: 43M Consumers Are Holding Out On Mobile Banking Apps — How Banks Can Change Their Minds

PYMNTS

percent more likely to use mobile banking apps now than they were in 2019, and 51.1 percent) who do not use mobile banking apps because they are dissatisfied with those apps’ user experience (UX). All hope is not lost for banks looking to improve their apps’ UX, however. PYMNTS research shows that consumers are 8.7

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User Experience Is Key to Customer Satisfaction, Report Says

Bank Innovation

Having a "frictionless" user experience (UX) is among the top three qualities that bank customers look for when picking a new bank, right after "security" and "trustworthiness," according to a new report by financial technology provider, FIS.

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Mobile Banking App Users Pull Ahead Of FIs On Expectations

PYMNTS

percent more likely to be using mobile banking apps now than they were in 2019.” FIs could vastly improve their customers’ likelihood of using mobile banking apps if they enhanced the apps’ UX for creating new accounts and adding people to their accounts, among other functions,” per the new Report. Consumers are 8.7 There are 112.6

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The 2019 GonzoBanker Awards

Gonzobanker

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank.

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Fiserv to buy First Data – the biggest fintech deal of 2019

Gonzobanker

With a new UI/UX in Apiture, coupled with the established online banking and payments capabilities of the legacy First Data digital solution, some were expecting that Apiture would see increasing momentum in the digital banking market. The post Fiserv to buy First Data – the biggest fintech deal of 2019 appeared first on Gonzobanker.

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