PYMNTS

NOVEMBER 24, 2020

Digital banking platform HMBradley announced on Tuesday (Nov. The funding, which was led by Acrew Capital , will also be used to expand its customer offerings, the bank said in a press release emailed to PYMNTS. The card adapts rewards based on the users’ changing spending habits. “We 24) that it has raised $18.25

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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. Strong balance sheets in key areas like credit card debt ($64.4 A Small Change It’s Not.

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PYMNTS

JANUARY 13, 2021

“I was surprised by the opportunity of monetization in 2020 during the pandemic, not just by our wealth accounts but also by lending.”. Paytm offers a wide array of digital products throughout India, including a merchant payment platform, money transfers, and bill payments.

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PYMNTS

AUGUST 21, 2020

The trend toward digitization in consumers’ lives isn’t new, but COVID-19 has accelerated it dramatically over the past several months. Deposits had already been trending away from community banks and credit unions anyway, but COVID-19 has accelerated that shift. Lesher said a few key features comprise a modern, digital-first offering.

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

DECEMBER 30, 2019

Singtel and Grab are looking to consolidate their powers to create a new digital bank for the people of Singapore, they announced in a press release. Recently, it announced a new ‘GrabPay’ card, a numberless card that can be used to pay for services at nearly 53 million merchants worldwide.

Digital Banking 134

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PYMNTS

DECEMBER 29, 2019

The financial startup plans to raise between £50m and £100m in early 2020, amplifying an earlier June 2019 deal that netted Monzo £113m. million customers in 2019, offering those users a mobile app bank account and a distinctively-colored coral credit card. RBS released Bó, yet another digital banking app.

Capital 143

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PYMNTS

JANUARY 19, 2021

Supplemental materials released by the company show credit card loans stood at $4 billion, up from $3 billion in the third quarter, and $2 billion in the year-ago period. Loans tied to its cards should reach at least $20 billion in 2024, as the bank noted in an update to its strategic plan.

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PYMNTS

FEBRUARY 25, 2020

Banks and legacy financial institutions (FIs) might be wise to study what disruptive technologies recently did to the print publishing industry, taxi cabs, network TV, and a host of other businesses that were disintermediated with little to no warning in recent years. Mobile Cards: Make or Break? Follow the Smart(phone) Crowd.

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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

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PYMNTS

JANUARY 15, 2021

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup X1 notched $12 million in a funding round headed up by Spark Capital. economy had moderate gains in the pandemic year of 2020.

Cards 152

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PYMNTS

OCTOBER 1, 2020

The great digital shift is transforming credit cards into money management tools. Consumers want cards, and they want them quickly, and they want those cards [delivered] in a digital way," said Turner. Those processors will in turn work with issuing banks to offer near-instant issuance of cards.

Cards 249

Cards Management Tools Guidelines 249

PYMNTS

DECEMBER 3, 2019

London’s digital unicorn Monzo has appointed TS Anil to head U.S. Anil was the global head of payment products and platforms at Visa and will join Monzo in early 2020 to lead the U.S. Monzo crossed the pond through a partnership with Ohio-based Sutton Bank and is the first of Europe’s digital banks to launch in the U.S.

Digital Banking 131

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PYMNTS

AUGUST 9, 2019

million for the quarter, but Bottomline remained confident in growing revenues for FY 2020 thanks to new customer sign-ons that have yet to go live. We had notable customer wins across our banking and business payments platforms as customers continued to choose Bottomline for innovative and highly secure business payments solutions.

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Gonzobanker

JANUARY 17, 2020

Well GonzoBankers, the gang is back to work and we are all headed face-first into 2020 – a year with more uncertainty than most about how things will turn out. So, to get your Gonzo executive brains warmed up for a new year, I offer you 20 important banking realities for 2020 to guide your strategic execution efforts: 1.

Customer Experience 127

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PYMNTS

SEPTEMBER 25, 2019

Emirates banking group Emirates NBD has announced the creation of E20., a digital bank for the region, according to a release by the company. It will have a mobile app and provide different services necessary to carry out banking needs. said Emirates NBD Vice Chairman and Managing Director Hesham Abdulla Al Qassim.

Digital Banking 122

Digital Banking Regional ATM Groups 122

PYMNTS

OCTOBER 23, 2020

22) that domestic card average loans fell in Q3, as consumers spent less and saved more amid the pandemic. “In These behaviors are amplified by the cumulative effect of stimulus and widespread forbearance across the banking industry,” Founder, Chairman and Chief Executive Officer Richard D. Capital One reported on Thursday (Oct.

Capital 175

Capital Report Cards US 175

PYMNTS

SEPTEMBER 25, 2019

Emirates banking group Emirates NBD has announced the creation of E20., a digital bank for the region, according to a release by the company. It will have a mobile app and provide different services necessary to carry out banking needs. said Emirates NBD Vice Chairman and Managing Director Hesham Abdulla Al Qassim.

Digital Banking 109

Digital Banking Regional ATM Groups 109

PYMNTS

JUNE 3, 2020

Digital technologies that can be quickly developed and integrated into banks’ platforms, particularly those that enable faster payments, will therefore be critical. The following Deep Dive examines how digital banking preferences are evolving as well as the ways FIs and FinTechs are responding — and partnering — to stay competitive.

Digital Banking 131

Digital Banking Mobile Tools Online 131

PYMNTS

NOVEMBER 20, 2020

Wearables have also expanded their features to include digital payments. 11 , digital banking and payment processing firm i2c announced it was partnering with Purewrist , a FinTech working in end-to-end contactless payment solutions and wearables, according to a press release.

Samsung 150

Samsung Apple Google Analytics 150

PYMNTS

JANUARY 20, 2021

The ongoing pandemic has pushed more consumers online to carry out their shopping and banking, with fraudsters following suit. Bad actors have moved to take advantage of the rush to digital payments — particularly those made with debit cards — leaving banks and financial institutions (FIs) racing to keep them off their platforms.

Security 130

Security Cards Mobile Fraud 130

PYMNTS

NOVEMBER 13, 2020

In today’s top digital-first banking news, FISPAN has joined Mastercard’s Start Path accelerator program, while Wells Fargo & Co is looking to sell its private-label credit card and point-of-sale (POS) financing arm. Wells Fargo Seeks Bidders for Private-Label Credit Card Unit. percent last year.

Cards 186

Cards cryptocurrency Report US 186

Gonzobanker

FEBRUARY 19, 2020

Financial institutions are making fintech partnerships a key priority in 2020, according to a new study from Cornerstone Advisors. In What’s Going On In Banking 2020: Outlook for a New Decade , 65% of banks and 76% of credit unions say these partnerships will be an important part of their business strategies this year.

Strategy 123

Strategy Fintech Study Customer Experience 123

PYMNTS

JUNE 26, 2020

Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services. Online account openings increased by more than 200 percent in April, while all mobile banking traffic rose by 85 percent.

Digital Banking 220

Digital Banking Guidelines Trends Online 220

CB Insights

AUGUST 3, 2021

California-based Mercury is an online banking platform that offers a suite of financial services such as FDIC-insured bank accounts, physical and virtual cards, and cash management for startups, e-commerce stores, and angel investors, among others. HOW’S THE COMPANY PERFORMING? Want the full post?

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Payments Source

DECEMBER 3, 2020

Michael Moeser, senior analyst at PaymentsSource, talks to Brandon Thompson, EVP at Green Dot, about the drastic changes its audience has faced over the course of 2020.

Digital Banking 88

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PYMNTS

FEBRUARY 18, 2020

The PSCU company Lumin Digital has signed Bartlett, Tennessee-based First South Financial credit union to a multi-year digital banking and cloud computing agreement, Lumin announced on Tuesday (Feb. The new platform should be available to First South Financial customers in June of 2020.

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Payments Source

SEPTEMBER 22, 2020

The bank worked with TravelBank, a fintech, to offer virtual cards and an app that automatically generates expense reports.

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PYMNTS

JANUARY 2, 2020

Gaming company Razer is going after a Singapore digital banking license, along with China’s largest online monetary platform Ant Financial , according to reports on Wednesday (Jan. Razer FinTech will own a 60 percent majority stake Razer Youth Bank, which will be headquartered in Singapore. . Google and Temasek Holdings. .

Digital Banking 130

Digital Banking Capital Google Cards 130

PYMNTS

APRIL 16, 2020

Though Q1 2020 had been forecast to produce continued and perhaps even strengthened spending activity, the coronavirus quickly reversed that course. “We Then as large cities and states began to move to voluntary and mandated stay-at-home status, we saw large declines in debit and credit card spending into other categories.”.

Cards 159

Cards America Maine Report 159

PYMNTS

NOVEMBER 23, 2020

Most of those solutions still rely heavily on checks and business credit cards — which are resource-consuming processes with higher risk[s] of misuse, fraud and theft,” Gitesh Athavale , head of product (cards) at Nium, told PYMNTS. That things came to a boil in 2020 is a matter for the financial history books at this point.

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PYMNTS

DECEMBER 30, 2020

If there’s a word that captures the state of financial services in 2020, it’s “acceleration.” I’ve said it forever and I’m going to keep saying it, because I believe it’s truer at the end of 2020 than it’s ever been. Meeting The New Digital Consumer’s Needs. The Coming New Year .

Payments 281

Payments Innovation America Mobile 281

American Banker

NOVEMBER 20, 2020

Daylight's initial product lineup includes a prepaid debit card with the customer’s chosen name and educational content around issues unique to LGBT households.

Digital Banking 78

Digital Banking Community Cards Banking 2020 78

PYMNTS

JUNE 21, 2019

A recent study conducted by financial services provider Kasasa and The Harris Poll found approximately 84 percent of Americans determine the products and services they desire first, then search for banks or CUs that offer them. percent of all CU members — currently offer some sort of credit card. The Appeal of CU-Issued Credit Cards.

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MyBankTracker

NOVEMBER 19, 2020

It comes with a debit card and online bill payment capabilities. Online & Mobile Banking. Since there are no physical branches, digital banking tools are crucial to helping customers access and manage their CIT Bank accounts. Can CIT Bank Replace Your Bank? How to Find Your Bank’s Routing Number.

Banking 2020 52

Banking 2020 ATM Online Marketing 52

PYMNTS

DECEMBER 5, 2019

DST Global led the Chime’s previous funding round that closed in March, which valued the digital bank startup at about $1.5 A second office is slated for Chicago and by the end of 2020, the company expects to more than double its staff. Chime’s rapid growth is happening as competition in the digital banking market widens.

Digital Banking 144

Digital Banking Chicago Google Fintech 144

PYMNTS

OCTOBER 16, 2020

We have deep dives on connected devices, instant payments and what the digital shift means for customer expectations of card issuers. Mastercard: Why It’s Time For Card Issuers To Up Their Digital Game. Consumers’ digital shift means that customer expectations for their card issuers are higher than in the past.

Payments 239

Payments San Francisco Fintech Tools 239

PYMNTS

JULY 7, 2020

Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. Those who have lost jobs or faced employment insecurity may be less certain that they can pay off debts and thus prefer to spend only the money they have in their bank accounts.

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Cards Millennials Conference America 135