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.

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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. In fact, the majority of 2020’s new accounts have gone to megabanks and digital banks, not to community institutions. FinTech players are also grabbing deposits.

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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

Does any doubt remain that banks and legacy FIs are next on the Silicon Valley hit list? As the report states, “We … find that a significant share of consumers are willing to bank with the institutions — financial or otherwise — that offer them the best spending and money management tools.”. Mobile Cards: Make or Break?

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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.

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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.

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PYMNTS

FEBRUARY 26, 2020

The London-based FinTech B-Social raised £7.8 million in seed funding as it prepares to rebrand as Kroo and become a full-fledged bank, reports said on Wednesday (Feb. million as the company continues the journey to becoming a fully-licensed bank. . “We banking license. In 2018 , the company raised £3.2

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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.

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PYMNTS

JANUARY 28, 2020

But that doesn’t mean all the players in payments and financial services have a solid or clear digital strategy. The problem can be especially acute when it comes to financial institutions (FIs), said John Owens, general manager of Elan Credit Card , in a new podcast interview with PYMNTS. The age of personalized service is upon us.

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Fintech Digital Strategies Mobile Resources 169

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.

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PYMNTS

JANUARY 15, 2020

Brazil’s unicorn FinTech and payments startup EBANX is trialing a digital wallet, called Ebanx Go, with 10,000 consumers on a test basis, the company announced on Wednesday (Jan. The digital wallet offering is intended to solidify the FinTech’s reach in the Brazilian payments market.

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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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CB Insights

AUGUST 3, 2021

Mercury , a fintech company, has raised $120M in a Series B. 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.

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Gonzobanker

JUNE 7, 2023

The launch of Charlie points to an underserved niche in banking: older adults. In mid-May, a digital bank account for the 62+ crowd debuted in the United States. It’s only a matter of time for retirees to get a rewrite of digital banking. Already, older generations are using mobile banking and it’s on the rise.

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PYMNTS

JULY 2, 2019

In South Korea, Woori Bank said this past week that it has debuted an online platform geared toward FinTech startup entrepreneurs and engineers who develop digital services, according to The Korea Times. These FinTech service offerings can span money transfers and cross-border transactions through the WiBee Bank platform.

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PYMNTS

NOVEMBER 27, 2019

That can hold especially true in wealthy countries, such as the United Arab Emirates (UAE), as discussed in a new PYMNTS interview with Evans Munyuki, chief digital officer of Emirates NBD , a UAE banking group. However, that’s changing. SMBs] are the backbone of many economies,” he said. New Venture.

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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.

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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. It is also contemplating the purchase of other FinTech firms, the source said.

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South State Correspondent

OCTOBER 26, 2023

In this article, we detail our thoughts and the trends we saw last week in Las Vegas from a banking perspective in hopes of giving you the flavor and insight from the conference without you having to walk 10 miles per day and listen to endless vendor pitches. The near-frictionless Know Your Customer (KYC) solution merits a look from banks.

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PYMNTS

DECEMBER 9, 2020

A tech upstart – a FinTech, no less – breaking even in 2020? We’re being a bit tongue in cheek, but the fact remains that digital-only banking is getting a wider embrace – especially in Europe, as the pandemic surges yet again. banking license. Could happen. For more than one company. Revolut, the U.K.-based

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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. .

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American Banker

DECEMBER 30, 2019

Jason Gardner, founder and CEO of the card issuer Marqeta, discusses his experiences in starting up multiple fintechs and makes predictions for the new year.

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Payments Source

DECEMBER 30, 2019

Jason Gardner, founder and CEO of Marqeta, has built three fintech companies and learned along the way what works in building a fintech startup. He also has a stark warning for traditional institutions.

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PYMNTS

FEBRUARY 11, 2020

To improve the financial lives of millions of Americans, speed matters — especially for FinTechs seeking to bring new products to market digitally and to target consumers underserved by traditional banking models. As Choubey told Webster, the FinTech traces its roots to providing financial access to 90 million Americans.

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PYMNTS

JUNE 28, 2018

Coverage includes Oracle ’s decision to bring its FinTech Innovation Program to Brussels. The firm said the market is dependent on the growth of digital payment solutions through a Unified Payment Interface (UPI) and digital wallets. Welcome to The Axis, your late look at payments news from around the world.

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CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. Below, we dive into where the Fintech 250 Class of 2018 startups are now. GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. Phone number.

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PYMNTS

JANUARY 11, 2021

He added that Revolut strives to be “the best in class for customer experience, value and capabilities” and offer a full range of services from deposit accounts and overdraft protection to loans and credit cards. After getting the banking license, Revolut said it would develop a “financial super app.” billion valuation.

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PYMNTS

DECEMBER 28, 2020

Consumers, businesses and financial institutions (FIs) cannot wait to bid adieu to 2020, which has been one of the most trying years in recent memory. Houston-based First Service Credit Union has selected a third-party provider’s digital banking suite to enhance its members’ online access to financial services.

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PYMNTS

JANUARY 11, 2021

Revolut Founder and Chief Executive Nik Storonsky said in an announcement that having a British license for financial services will enable the FinTech to provide banking offerings that “U.K. customers expect from their everyday primary bank account.”. Hackers Strike New Zealand's Central Bank.

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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.

Mobile 252

Mobile Report Trends Digital Banking 252

PYMNTS

APRIL 21, 2020

But, in truth, account aggregation is largely an activity that simply moves data from financial institution (FI) to FinTech. That functionality comes as Railsbank issues IBANs, by virtue of being connected to the Bank of England, among other partner banks, which then can be used to by firms to issue accounts and cards (in bank-like fashion).

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PYMNTS

FEBRUARY 24, 2020

The move also means that, as LendingClub had applied for bank charters in the past (with the Office of the Comptroller of the Currency), it decided to buy its way into deposits and checking. PYMNTS (@pymnts) February 21, 2020. Goldman Sachs has been explicit that the platform model will help externalize Banking-as-a-Service endeavors.

Digital Banking 242

Digital Banking Course Online Management 242

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. What financial institutions need to compete with fintech threat disrupters. As FinTech funding rises to new record levels – $131.5 Taking the FinTech Threat Seriously: What Should Banks Be Doing to Compete? banks collected $15.47

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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.

Digital Banking 15

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PYMNTS

OCTOBER 8, 2019

Pairing those strengths with robust credit card offerings, he said, helps CUs market a full suite of financial offerings that are comparable to marquee FIs. “As Now the relationship has moved beyond writing checks to credit and debit cards.

United States 102

United States Millennials Course Lending 102

CB Insights

SEPTEMBER 10, 2020

After a difficult first quarter, fintech funding rebounded in a big way in Q2’20. Free Download: State of Fintech q2’20. Fintech funding rebounded in Q2’20 but deal activity continues to fall. Below, we answer some of our readers’ most pressing questions from the webinar on the state of fintech. First name.

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CB Insights

DECEMBER 10, 2020

Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. Category breakdown . Consumer payments.

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