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Mobile Banking App Users Pull Ahead Of FIs On Expectations

PYMNTS

It’s been a long slog since April 2020 when a harmonic convergence of bad financial news and a worsening global health crisis formed the “crater” of the pandemic. It took crashing the websites of a string of major banks and credit unions for the sector to grasp what happened. There are 112.6 million U.S. consumers — 48.9 There are 112.6

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This Week In Payments: Digital Banking, Financial Literacy And Expanded eCommerce Competition

PYMNTS

Ranchere said the challenger-bank space has been lowering valuations since 2020 began because for all the great expectations and grand predictions of disruption, firms have yet to deliver. He said investors are taking a hard look at whether hefty valuations still make sense given challenger banks’ progress so far.

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The 2022 GonzoBanker Awards

Gonzobanker

Chuck Purvis, Coastal Community – Purvis waved the flag of innovation in the credit union industry, helping Coastal become famous for its usage of interactive teller machines (ITMs) and launching the Constellation Digital Banking platform. Steve McLaughlin from Financial Technology Partners’ Money 2020 party. Goes to CSI.

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The Small Businesses (SMB) Love/Hate Relationship with their Bank

Fintech Labs Insights

When I looked for data to support that claim, I was surprised to see the JD Powers research that concluded small businesses were pretty happy with their banks last year. But remember, banks were facilitating a bunch of money giveaways in the form of government-backed PPP grants during 2020/2021. Related: Top 12 U.S.

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Temenos to Acquire Kony: So What?

Gonzobanker

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.

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Envel is the New Simple Bank (Fintech Startup of the Week)

Fintech Labs Insights

Q&A with Envel Bank Co-Founder Steve Le Roux (4 Feb 2020). I was a huge fanboy of Simple Bank back in the day. Sure they had great tech, refreshing UX and a talented team. Obviously, that edge was destined to fade away under big-bank ownership (it was acquired by Compass/BBVA in 2014). Real language.

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The 2019 GonzoBanker Awards

Gonzobanker

The Ecosystem Award – Goes to Partners Credit Union for its collaborative member experience work with digital banking vendor Kony (now part of Temenos). The digital banking provider helped implement digital competitiveness against big banks that Partners sought. TIME TO BUILD THE SMARTER BANK.

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