PYMNTS

JANUARY 19, 2021

But the results also underscored the continued push into consumer banking, and specifically online banking. Loans tied to its cards should reach at least $20 billion in 2024, as the bank noted in an update to its strategic plan. Earnings per share came in at $12.08, while consensus had been at $7.47.

Digital Strategies 152

Digital Strategies Strategy Cards Conference 152

PYMNTS

SEPTEMBER 28, 2020

Saudi Arabia and the United Arab Emirates are attempting to square away increasing consumer use of online channels with their privacy and banking standards. The aim of doing so is to create a more robust framework for digital banking. The ensuing lawsuit would represent the country’s largest class-action GDPR lawsuit.

Online 151

Online Report Payments Regulation 151

Banking Exchange

MARCH 18, 2020

Bill Harris to chair One alongside CEO Brian Hamilton; launch slated for summer 2020 after successful funding round The Economy Technology Retail Banking Feature3 Fintech Feature Financial Trends Mobile Online Tech Management Customers.

America 97

America Digital Banking Trends Fintech 97

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

Customer Experience Fintech Regional Cards 127

PYMNTS

NOVEMBER 25, 2020

In today’s top news in digital-first banking, Ukrainian financial institution UKRSIBBANK is collaborating with Sweden-based FinTech upstart Dreams, while Oportun Financial is pursuing a national bank charter with the Office of the Comptroller of the Currency (OCC). Ukrainian Bank Partners With Swedish FinTech.

National 161

National Fintech US United States 161

Perficient

OCTOBER 19, 2020

Financial institutions must begin now to prepare a solid 2-year plan to manage this transformation; otherwise, they will lose ground to new competitors entering their footprint. Digital Banking : Demand for digital banking has accelerated over the last 6+ months and should be a top priority for financial institutions.

Video 520

Video Security Tools Strategy 520

CB Insights

AUGUST 3, 2021

The round drew participation from Coatue Management, Andreessen Horowitz, CRV, and Sapphire Ventures, among others. Mercury currently caters to more than 40,000 SMBs, managing over $4B in customer deposits in 200 countries. The company’s team grew from 35 in 2020 to a current headcount of 150 across 14 cities.

Digital Banking 73

Digital Banking Company FDIC California 73

PYMNTS

MAY 29, 2020

Allowing customers uninterrupted access to their online financial accounts and processing digital payments quickly is critical during this time as brick-and-mortar branches are either closed or on limited hours. Investment and asset management firm Blackrock is also looking to use cloud technologies to enhance its platform.

Digital Banking 230

Digital Banking Innovation Online Technology 230

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.

Tennessee 206

Tennessee Mississippi Digital Banking Payments 206

PYMNTS

JANUARY 15, 2021

economy had moderate gains in the pandemic year of 2020. Goldman Sachs has chosen FinTech upstart Marqeta to fuel online checking accounts for Marcus. The addition of online checking grows the Marcus consumer collection of digital-first banking offerings such as personal loans, certificates of deposit and high-yield savings.

Cards 152

Cards California Capital Tools 152

MyBankTracker

NOVEMBER 19, 2020

Sponsored Content Disclosure: This content was commissioned and paid for by the bank advertiser. CIT Bank is among the largest 50 U.S. banks and it also happens to be one of the biggest online banks (based on domestic deposits). Yet, many consumers have never heard of the bank. CIT Bank Savings Builder.

Banking 2020 52

Banking 2020 ATM Online Marketing 52

PYMNTS

JANUARY 21, 2021

In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 Active digital banking users likewise grew 3 percent to 39.3 If one draws a straight line through all of these banks’ results, the trend is up and to the right. million during the quarter.

Mobile 252

Mobile Report Trends Digital Banking 252

PYMNTS

JULY 1, 2020

“Migrating to cloud- and AI-based solutions could help FIs handle growing calls for faster banking tools during the COVID-19 pandemic, and recent trends show they are beginning to do so,” according to PYMNTS’ June 2020 Digital Banks And The Power Of The Cloud Tracker® done in collaboration with NuoDB.

System 268

System Digital Banking Tools User Experience 268

PYMNTS

JUNE 2, 2020

“Consumers are now leaning heavily on digital banking to meet their financial needs. Banking app downloads have increased 60 percent since the pandemic became widespread, with banking app revenue growing 17 percent,” according to PYMNTS’ May 2020 Digital-First Banking Tracker® , a collaboration with NCR.

Digital Banking 133

Digital Banking User Experience Meeting Fintech 133

PYMNTS

FEBRUARY 24, 2020

Yet, some common threads unite the respective bids by LendingClub for Radius Bank and by Morgan Stanley for E-Trade , with a nod toward the changing financial services landscape and serving customers through “one-stop shop” platform models. PYMNTS (@pymnts) February 21, 2020. The LendingClub Deal. billion worth of loans.

Digital Banking 242

Digital Banking Course Online Management 242

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

PYMNTS

MAY 17, 2018

If looking for evidence that we live in an increasingly digital world, one need not look much further than the veritable explosion in online and mobile banking in the last half decade. A central, digital hub to organize one’s financial life may be even more important for U.S. 60 percent : The share of U.S.

Management 100

Management Mobile Online Marketing 100

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. The new cloud-based system can help FIs manage loans from origination and review to renewal and modification. It will allow the institu tions to use one solution for the entire process.

North Carolina 197

North Carolina Houston Fraud Innovation 197

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.

Digital Banking 202

Digital Banking Technology Apple Examples 202

PYMNTS

OCTOBER 16, 2020

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. Revolut Likely To Apply For US Bank Charter. Revolut , the European digital bank, is reportedly near applying for a U.S. banking license.

Payments 239

Payments San Francisco Fintech Tools 239

PYMNTS

NOVEMBER 20, 2020

Physical banking was already on the decline before the COVID-19 pandemic put much of the physical economy into the deep freeze for a year and left customers scrambling to digitize their day-to-day lives as much as possible and as fast as possible. The bank announced 65 branch closings in the first two weeks of July 2020 alone.

Metro 222

Metro Massachusetts FDIC Trends 222

PYMNTS

SEPTEMBER 22, 2020

Banks from the United States to Europe are closing bank branches as consumers embrace digital banking amid the pandemic. The company recently said it would shutter 180 out of 380 offices in the country, while putting $115 million toward its online client offering and eliminating 1,000 positions.

Pennsylvania 210

Pennsylvania Nashville Indiana Tennessee 210

PYMNTS

DECEMBER 14, 2020

Just ask them, as was done for the December 2020 How To Put AI In Your 2021 FI Business Plan Playbook , a collaboration with Brighterion. Better credit management is just one benefit AI can confer to banks, however,” per the Playbook. Want to know what 10,000 U.S.

Fraud 218

Fraud System Digital Banking Data 218

PYMNTS

DECEMBER 3, 2020

“To win in the hyper-competitive banking landscape today, it requires both a differentiated technology capability and a leadership mindset like that at Wintrust,” said Douglas Brown , president of digital banking at NCR Corporation, in the release.

Leadership 190

Leadership Community Bank Branding Mobile 190

Fintech Labs Insights

APRIL 6, 2023

Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? Grasshopper Bank FAB Score = 39 (down 1) – HQ: NYC – Founded: 2016 – Raised $162M including $30M Aug 2022 ( Crunchbase ) – Assets: $620 million (12/31/22), 2.1x 95,000 6 Meow * 11 4.3% 550 reviews) 2.

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

PYMNTS

SEPTEMBER 23, 2019

consumers pay for goods and services online, the company said in a press release on Monday (Sept. Its Pay with Bank Transfer will be offered in Q4 to U.K. bank account holders even if they are not American Express cardmembers. Buyers can check their account balances and make online payments. “It’s

Payments 189

Payments Guidelines Innovation Online 189

PYMNTS

SEPTEMBER 4, 2020

We dive into PayPal's installment options, consumer trust in digital banking, and Walmart and Amazon's battle for the digital consumer. In a filing with New York’s State Department of Labor, the managing director of the Hilton Times Square said the 44-story hotel will close permanently next month and 200 jobs will be lost.

Survey 175

Survey New York City Digital Banking Online 175

PYMNTS

JULY 31, 2020

Another 31 percent believe they are “somewhat” likely to do so, according to findings from the May 2020 Credit Union Innovation Playbook: Challenger Banks Edition. percent of members who are interested in services from challenger banks say it is partially because they believe they offer easy-to-use and convenient services.

ATM 156

ATM Digital Banking Online Mobile 156

Fintech Labs Insights

JUNE 26, 2023

Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? Baselane FAB Score: 27 (down 1) Top APY: 4.25% (26 June 2023) Minimum Balance: none – HQ: NYC – Founded: 2020 – Banking service provider: Blue Ridge Bank – Raised: $7.9M 52 reviews) 6.

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

MAY 14, 2020

PSCU will host its Virtual Member Forum 2020 from June 16 to June 17, bringing its largest yearly event to a digital environment in light of continued virus-related lockdowns. The credit union service organization (CUSO) has scheduled Virtual Member Forum 2020 to take place from 2 p.m. ET each day.

San Francisco 131

San Francisco California Industry Trends 131

PYMNTS

AUGUST 17, 2020

BMO has finished the creation of a portal that will enable small business clients to transmit their financial data to Intuit QuickBooks Online. “This collaborative relationship with Intuit Canada is an important step toward a larger open banking framework. .”

Data 150

Data Online Groups Capital 150

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.

Groups 156

Groups Payments Conference Regulation 156

PYMNTS

AUGUST 21, 2020

Deposits had already been trending away from community banks and credit unions anyway, but COVID-19 has accelerated that shift. In fact, the majority of 2020’s new accounts have gone to megabanks and digital banks, not to community institutions. Lesher said a few key features comprise a modern, digital-first offering.

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

JANUARY 20, 2021

In broad strokes, open banking lays out a path and process for banks and other financial institutions (FIs) to share their customers’ data with third parties (even competitors), where that data tie into apps and new products and services. Dan Weaver, open banking expert at Equifax U.K., million U.K.

Data 188

Data Innovation Fintech Regulation 188

PYMNTS

MAY 7, 2020

The challenge lies with serving the needs of the individual who may be hesitant to go back to the old ways of banking — of walking up to teller windows, of handling cash in envelopes. He said there always may be the need to withdraw cash, but consumers will also want to deposit funds into various accounts and manage currencies.

ATM 307

ATM Examples Mobile Community 307

PYMNTS

MAY 22, 2020

Citibank said last week that the use of its digital banking channels soared in the first quarter (and beyond), tied to a global phenomenon where untold numbers of individuals are working from home, and where lockdowns have rendered traditional financial services processes inoperable. The Journey.

Operations 233

Operations Data Digital Banking Management 233