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

Cards California Capital Tools 152

PYMNTS

OCTOBER 6, 2020

Ayoub Jemail has been assigned the role of general manager of business development for the region, the company stated in the announcement on its website. FinTech across the Middle East is also set to grow at a compounded annual growth rate of 30 percent, and expected to raise over $2 billion in venture capital funding by 2020.".

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Fintech Regional Fraud Meeting 174

PYMNTS

JULY 7, 2020

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

Community Bank 242

Community Bank Community Fintech Regional 242

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

SEPTEMBER 28, 2020

Open banking rules have continued to evolve during the global health crisis, but the pandemic has given regulators and financial authorities new questions to tackle. One area where the pandemic may significantly impact emerging data protection and open banking rules is the Middle East and North African region (MENA).

Online 151

Online Report Payments Regulation 151

CB Insights

AUGUST 17, 2021

Chime , a digital banking platform, has raised $750M in a Series G. The round drew participation from Sequoia Capital, Tiger Global Management, General Atlantic, SoftBank Group, and Dragoneer Investment Group. Chime has more than tripled its revenue since 2020 and generated a positive EBITDA. Want the full post?

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Capital Operations California Regional 78

PYMNTS

JANUARY 30, 2020

Digital banking efforts took center stage at Goldman’s Investor Day on Wednesday (Jan. Eric Lane, global co-head of the Consumer and Investment Management Division, said the company will debut a digital wealth management offering in 2020 and digital checking accounts in 2021.

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social media Payments ATM Fraud 141

PYMNTS

DECEMBER 1, 2020

Redspire CEO Billy Lyle , who is also the engagement lead with Virgin Money, said 2020 has been a unique year and that substantial digital transformation "has taken place in months rather than in years.”. The fund was created to help spark competition as part of an agreement between the U.K.

Regional 205

Regional Groups Report Innovation 205

PYMNTS

NOVEMBER 27, 2019

That is among the reasons why Emirates NBD recently launched the first digital banking service for SMBs in the UAE, a launch that could inspire similar efforts in other parts of the world. It will have a mobile app, and provide different services necessary to carry out banking needs. New Venture. More Improvements.

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Fintech Regional Regulation ATM 167

NCR

SEPTEMBER 1, 2016

Banks and card providers have been devoting a lot of attention recently to Asian markets, and it’s not hard to see why. billion potential customers in China alone, and a similar number in India, the opportunities for banks are immense. With more than 1.3 Cutting down on the unbanked. Image credit: iStockphoto/subodhsathe.

Regional 75

Regional Payments National Boston 75

PYMNTS

AUGUST 13, 2018

Anand Selvakesari, who is the current head of the consumer banking in Asia-Pacific, will become head of U.S. consumer banking, which will include branded cards, digital bank and wealth management. The job shifts were noted in a memo from Stephen Bird, chief executive of global consumer banking at Citigroup.

Cards 108

Cards Branding Regional Digital Banking 108

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.

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

APRIL 21, 2020

As Verdon told Webster, embracing platforms such as the one offered by Railsbank — which enables companies to issue unique international bank account numbers (IBANs), receive and send money and issue and manage cards — means that banking becomes a service rather than a series or suite of separate products. in sight, too.

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Branding Innovation Regional Fintech 232

PYMNTS

DECEMBER 9, 2020

Clearly there's regional saturation, which leads to consolidation.”. All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena. But fast-forward to 2020, and the world is a very different place.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

NOVEMBER 13, 2019

Visa has announced its roster of athletes for the Tokyo 2020 Olympic and Paralympic games, the company said in a press release. Behind Regions Bank’s AI-Powered Digital-First Push. In the face of growing competition, banks around the world are working hard to become the first choice of today’s customers.

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Apple Payments Branding cryptocurrency 101

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

FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS).

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Fraud Technology social media Innovation 52

PYMNTS

JULY 17, 2020

He said that while small banks, credit unions (CUs) and regional players deeply fear being swept aside by the great digitalization wave that the pandemic has set off, their concerns aren’t actually unique to the financial industry’s smaller end. The Three Things Smart FIs Must Offer.

Regional 198

Regional Cards National Trends 198

Gonzobanker

JULY 6, 2021

It has become crystal clear that digital transformation is now the largest technology initiative for regional and community financial institutions. Maybe this is the new reality for community bankers, but Cornerstone Advisors is seeing little evidence that they’re serious about implementing a comprehensive digital strategy.

Strategy 158

Strategy System Risk Management Technology 158

PYMNTS

MAY 4, 2017

In conversation with Cardtronics’ Brian Bailey, managing director for Global Financial Institutions, and Tom Pierce, chief marketing officer of the firm, Webster noted that even with the rallying cry of a war on cash in the digital economies — and in emerging markets — cash is alive, doing well and actually growing in terms of usage.

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ATM Millennials United States Study 192

PYMNTS

MARCH 20, 2018

The trend is even worse among Western European FIs, with shrinking profits prevalent among 57 percent of institutions in this region, reports said. According to the BCG’s “Corporate Banking Executive Survey,” “front-to-back digital transformations” are essential to halt this shrinkage.

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Boston Survey Digital Strategies Regional 109

CB Insights

AUGUST 26, 2021

In the fiscal year ending March 2020, SoftBank disclosed a loss of nearly $18B from its Vision Fund 1, with almost $10B in losses coming from WeWork and Uber alone. SoftBank has also backed a number of other crypto-focused vendors, including investment firm Hashdex , Brazil-based exchange Mercado Bitcoin , and digital asset wallet O3 Labs.

Regional 94

Regional Fintech Analysis Company 94

Bobsguide

FEBRUARY 22, 2022

The bank was looking for a modern, digital banking solution that would help it transform customer engagement through the delivery of contextual experiences. Furthering the government’s vision of moving operations and infrastructure to the cloud, BDB wanted to host the entire core banking platform on a public cloud.

Innovation 78

Innovation Customer Experience Strategy Operations 78

CB Insights

SEPTEMBER 10, 2020

Our recent webinar — The State of Fintech Q2 2020: Funding Rebound Reveals the Next Leg of Fintech Innovation — highlighted key fintech trends and deals from the second quarter of 2020, including the rise of embedded fintech applications and demand for digital banking services. Free Download: State of Fintech q2’20.

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Fintech Innovation Lending Regional 46

FICO

DECEMBER 2, 2021

All businesses are now managing a tricky balancing act to meet digital consumers’ expectations. Consistently managing onboarding across all channels as smoothly and easily as possible is vital. The research shows biometrics are here to stay, thanks to regional innovation leaps and the global prevalence of the technology.

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Survey Regional Fraud Meeting 52

PYMNTS

DECEMBER 29, 2020

To serve eCommerce companies’ needs, as transactions continue to shift online, banking needs to go digital, too. Those numbers allow payments to be routed to regular bank accounts, but with platforms such as on offer by Monneo give online enterprises a single access point to obtain IBANs on offer from a collection of European banks.

Digital Banking 289

Digital Banking Compliance Online Payments 289

PYMNTS

MAY 29, 2020

In a feature story, Uma Wilson, executive vice president and director of treasury management, card and bank product UMB Bank , discusses analyzing client behaviors throughout channels to find unusual activity. An API-Driven Fix To Digital-First Banking . Retailing 2020: Five Things To Watch.

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Maine ATM Innovation Millennials 130

Jeff For Banks

MARCH 14, 2020

© 2020 Massachusetts Mutual Life Insurance Company (MassMutual ® ), 1295 State Street, Springfield, MA 01111-0001. Our branch bankers, relationship managers and contact center teammates are all committed to working with our clients to reduce financial stress during this challenging and uncertain time. All rights reserved.

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ATM Policies US Management 78

Gonzobanker

DECEMBER 17, 2021

Bank Deal of the Year. It was a cray cray year for mergers and acquisitions (M&As) in 2021 coming out of COVID slowdown in 2020. With prices rational and revenue pinched, there were some nice acquisitions by many banks. Bancorp for grabbing MUFG Union Bank. From nowhere, sizable regional players are being created.

Fintech 147

Fintech Strategy Leadership Lending 147

Gonzobanker

SEPTEMBER 10, 2019

This deal looks good for Temenos, Kony and the banking industry clients of both firms. The digital banking market continues a long burn—this time like the smoke of a Texas summer barbecue. Geneva-based Temenos’ announced the acquisition of Austin, Texas-based digital application provider Kony in a deal totaling $580 million.

United States 89

United States Texas Austin Kansas City 89

CB Insights

FEBRUARY 13, 2020

Stripe Connect and billing services help companies manage marketplaces, subscriptions. Payments companies assumed risk for losses associated with chargebacks, fraud, KYC, or AML, while also providing support, dispute management, and reporting. Stripe Billing optimizes subscription and invoice management. Fraud prevention tools.

Online 98

Online Company Retail Payments 98

Gonzobanker

DECEMBER 20, 2019

billion of assets under management. Hats off the Schools Financial’s board and management for acknowledging that even multi-billion dollar credit unions can drive value via merging with someone bigger. Bank Acquisition of the Year. And this year’s Smarter Bank is … drum roll … USAA. ConnectOne Bancorp, Inc.

Idaho 148

Idaho Conference Data Marketing 148

Banking 2020

FEBRUARY 17, 2015

For everyone from lazy millennials in the suburbs to disadvantaged denizens in under-developed regions, this is a game-changer. It’s not in dispute that many aspects of life that previously took time now can be managed in seconds with a few clicks on the smartphone or tablet, yet it’s still a drag opening a bank account.

Mobile 40

Mobile Online Millennials Course 40

PYMNTS

MARCH 9, 2020

But given the rise of neobanks — FinTechs that are using banking services as the foundation for new ecosystems and Big Tech, which is exploring ways to extend their reach into banking and financial services — we thought we’d go back to first principles and ask consumers that simple question in relation to their primary banking relationship.

How To 232

How To Millennials ATM Fintech 232

Alex Jimenez

FEBRUARY 27, 2019

Chris Brasher, Head of Banking Ops at Regions Bank talked about using Watson not just to drive more self-service but also to help bank staff assist customers better and quicker. Admittedly, I’ve been away from directly managing digital banking and haven’t kept up with IBM Trusteer. Open Banking/APIs.

blockchain 40

blockchain Conference Security Innovation 40

PYMNTS

JULY 3, 2020

For instance, Taylor said one of her bank’s clients runs regional bike shops that have seen business boom to such an extent that “they can’t keep the bikes or the equipment on the shelves.”. Some businesses – particularly those in especially hard-hit verticals like travel and entertainment – simply won’t manage to outlast the pandemic.

Innovation 245

Innovation Software Mobile Cards 245

Fintech Labs Insights

APRIL 15, 2021

By region: USA: 20 startups. Only 15 were started prior to 2020. Founded: 2020. Founded: 2020. Founded: 2020. Founded: 2020. Streamline your debt capital raise and management. Founded: 2020. Modern money management platform with points. Founded: 2020. Founded: 2020.

San Francisco 15

San Francisco CA Fintech Company 15