Perficient

MAY 26, 2021

While Fintech Generations was historically an in-person conference in Charlotte, North Carolina, this year’s event, similar to 2020, will be virtual and is expected to attract more than 1,000 attendees. Hans Zandhuis, Head of Ally Lending, Ally. Jamie Warder, EVP & Head of Digital Banking, KeyBank.

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Fintech North Carolina Charlotte Conference 462

PYMNTS

JULY 29, 2019

With their joint venture set to end next year, First Data (now Fiserv) and Bank of America said on Monday (July 29) that they will pursue independent merchant services strategies starting in June 2020.

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Data America Strategy ATM 176

CB Insights

SEPTEMBER 1, 2020

The 2020 Fintech 250 cohort has raised approximately $49.2B 2020 Fintech 250 investment highlights. The 2020 Fintech 250 categories and most well-funded startups represented. 2020 fintech 250 investment highlights. Funding trends: In 2020 year-to-date (YTD), these 250 private companies have raised $10.3B

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Fintech Company Lending Capital 101

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.

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Strategy Fintech Study Customer Experience 123

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. First State Bank & Trust in Williston, N.D., started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Chris Jundt, First State Bank & Trust. Community bankers tell us why.

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Lending Community Bank Community North Dakota 91

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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Customer Experience Fintech Regional Cards 127

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.

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Online Lending Survey Digital Banking 195

Bank Innovation

FEBRUARY 21, 2020

In this episode, editors discuss the following news developments: Implications from LendingClub’s acquisition of Radius Bank; How Ally’s acquisition of the non-prime lender CardWorks boosts the bank’s long-term plans; and The launch of digital banking startup Level […].

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Fintech Digital Banking Customer Experience Innovation Strategies 243

PYMNTS

JANUARY 18, 2021

Grab Financial Group offers payments and financial services including lending, insurance and retail wealth management throughout Southeast Asia. The company said revenue for the unit had shot up more than 40 percent during 2020, while the number of users for its new wealth management service, AutoInvest, doubled during the month of December.

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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. .

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Digital Banking Capital Google Cards 130

PYMNTS

JANUARY 2, 2020

In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one of Singapore’s five available digital banking licenses. Plus, Indonesia is planning to implement flat-rate fees for certain digital wallet transactions.

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Fintech Payments Digital Banking America 133

PYMNTS

JANUARY 25, 2021

The banking industry is still grappling with the pandemic’s unprecedented effects, including a broad digital shift across numerous sectors. This increased digital engagement can create challenges, however, as it opens up new avenues for fraud in addition to making transactions more convenient for customers.

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Fraud Digital Banking Missouri Trends 235

PYMNTS

JUNE 30, 2020

Allica Bank will use Profile’s FMS.next as its core banking platform. The program will “support their omnichannel digital banking experience,” including mortgage lending and managing savings accounts.

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Software Community Bank Resources Digital Banking 151

PYMNTS

SEPTEMBER 15, 2020

Cash is still in short supply for millions of Americans and small businesses living out 2020 on a mix of unemployment, side hustles and on-again/off-again government stimulus. Popular P2P lending app LendingClub takes the No. For many, personal loans are part of the solution, and for this, the app universe has many options. The Top 10.

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Resources Lending Digital Banking Mobile 143

TheGuardian

SEPTEMBER 4, 2020

From 31 October, customers who take out more than £250 in 30 days will be charged 3% The digital bank Monzo is to introduce charges for customers who do not use it for everyday banking but make cash withdrawals of more than £250 a month. Related: UK consumer lending will plummet during 2020, say forecasts Continue reading.

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Lending Digital Banking Cards 77

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.

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Mobile Report Trends Digital Banking 252

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. Radius Bank is not in the lending market, but has $1.4 billion worth of loans.

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PYMNTS

FEBRUARY 26, 2020

We are doing that by building a digital bank that truly accommodates the way people live their lives and is dedicated to connecting a person’s finances to their social world.”. He expects to submit the full banking application in Q2 2020. Founded in 2016, B-Social is a social payments app “where friends and money meet.”

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Fintech Digital Banking Lending Meeting 130

PYMNTS

OCTOBER 8, 2019

Digitization, he said, helps level the playing field for CUs competing with bigger players. Traditionally, he said, CUs have been well known when it comes to auto lending, and they have been making inroads into mortgage lending.

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United States Millennials Course Lending 102

PYMNTS

JULY 27, 2020

Financial institutions (FIs) are still struggling to respond to the rise in digital banking adoption spurred by the pandemic. The increase in digital banking use has also breathed new life into the discussions surrounding the technology FIs are employing to make sure they can offer this level of support. banking industry.

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Digital Banking Technology Apple Examples 202

Payments Source

OCTOBER 22, 2020

Banks, lenders, and fintechs have been on a path toward digitizing the mortgage process from end-to-end — long before the term coronavirus entered our daily lexicon. How has the pandemic affected progress?

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Fintech Digital Banking Lending 86

CB Insights

JUNE 17, 2021

From digital banking and lending to budgeting and payments, tech giants are revamping their financial services offerings through partnerships with legacy institutions and in-house solutions that fit into their wider product ecosystems. . How big tech’s product strategies differ across banking, payments, lending, and e-commerce.

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Google Apple Fintech Report 100

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

American Banker

DECEMBER 2, 2020

The tech firm spun off by Avant, which licenses its lending software to banks, has now raised $140 million this year.

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Lending Online Software Banking 2020 51

PYMNTS

DECEMBER 1, 2019

In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers, Bloomberg reported on Saturday (Nov. The goal is to improve Nigeria’s financial inclusion rate by 20 percent, bringing it to 80 percent by the end of 2020.

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Fintech Mobile Examples Policies 254

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. SMB lending . First name.

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America Lending Cards San Francisco 101

PYMNTS

AUGUST 31, 2020

PYMNTS’ August 2020 Credit Union Tracker® , done in collaboration with PSCU , examines the microbusiness landscape as the fog of COVID-19 begins to lift and new needs are clarified. Advanced Banking Tech for Small Operators. percent of these credit unions are eyeing mobile banking capabilities, while 61.1

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Community Lending Community Bank Innovation 152

PYMNTS

DECEMBER 28, 2020

Chinese financial regulators are moving to check the influence of Jack Ma’s Ant Group by instructing it to switch focus back to its payment business while remedying problems in wealth management, personal lending and more. Ant’s much-awaited double initial public offering (IPO) was nixed earlier in 2020 by the government.

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Groups Payments Conference Regulation 156

PYMNTS

AUGUST 13, 2018

David Chubak, head of global retail banking and mortgage, will be in charge of the global-branded cards and the consumer lending business, reported CNBC. Anand Selvakesari, who is the current head of the consumer banking in Asia-Pacific, will become head of U.S. billion by 2020.

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Cards Branding Regional Digital Banking 108

PYMNTS

DECEMBER 9, 2020

But fast-forward to 2020, and the world is a very different place. Lukies said the balance of regulatory trust has altered, ushering in a wave of regulations like open banking , PSD2 and GDPR. Moreover, noted Lukies, they can offer these now competitive services “riding over the rails that used to be exclusively owned by the bank.”.

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Innovation Fintech Payments Regulation 306

PYMNTS

JULY 7, 2020

The Peoples Community Bank is broadening its existing relationship with banking technology provider Finastra , the firms revealed this week in a press release , with the financial institution (FI) looking to accelerate its own innovation and product rollouts. payment schemes. ’s.

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Community Bank Community Fintech Regional 242

PYMNTS

APRIL 6, 2020

JPMorgan, the country’s largest bank by assets, is in a solid position to grapple with the financial fallout caused by the pandemic, he said. He added that the Fed could do more, such as “including additional lending facilities and relaxing capital and liquidity requirements to boost the system if needed.”. trillion a year.

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Strategy Resources America Cards 159

Banking 2020

APRIL 28, 2015

Digital banks are no longer in the ‘money’ business but rather, in the ‘value’ business. Unlike in the past, when more than two products from one bank made a customer loyal, customer behavior is fleeting and their expectations for digital banking is increasing every day, because technology is giving them numerous choices and control.

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Customer Experience Digital Banking social media Millennials 40

PopularBank

JANUARY 27, 2020

New York, NY – January 27, 2020 – Popular Bank, a subsidiary of Popular, Inc. Nasdaq: BPOP) announced today that it has received the Banking Development District (BDD) designation from the New York State Department of Financial Services (DFS) for Popular Bank’s 1620 Pitkin Avenue Branch. Our Community Commitment.

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New York Community New Jersey Houston 91

Fintech Labs Insights

DECEMBER 7, 2020

Also starting Monday, American Banker is back with its popular Digital Banking event, normally a mainstay of the June calendar. 7-9: Digital Banking by American Banker (virtual). Related: 120 Fintech Unicorns of the 21st Century: November 2020 Update. 7-11: Singapore Fintech Festival (virtual).

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Conference Fintech Digital Strategies Financial Technology 15

Gonzobanker

FEBRUARY 11, 2021

The percentage of FIs citing this as one of their top priorities has grown steadily over the past three years from 34% in 2019 to 43% in 2020 and 48% in 2021. For more on mid-size financial institutions’ priorities, fintech plans and future forecasts for 2021, download What’s Going On In Banking here: [link].

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Lending Fintech Technology System 128

Gonzobanker

MAY 4, 2020

As Cornerstone Managing Director Brad Smith put it, this deal might not get the coverage of Visa/Plaid, but it should, because Galileo is like a mashup of Plaid and Q2’s CorePro if CorePro was extended to payments, lending and investments. Unnamed Industry Heavy, March 2020. TechCrunch, April 2020.

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Fintech FDIC Capital Community Bank 109