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Banks Should Make 2024 a True ‘Year of Digital’

Gonzobanker

Banks and credit unions won’t find a perfect digital vendor. 2024 will prove to be a remarkably busy year in the digital space, when many financial institutions will make near-life-or-death choices about the future of their digital platforms and how they will support them. Follow Josh on LinkedIn.

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For Challenger Digital Banks, It’s Game On

PYMNTS

New players on the digital banking scene are hoping to change the game by looking to industries that are categorically unlike banks for inspiration. Over the past few years, dozens of so-called digital-only “challenger” banks have emerged on the financial scene, ready to compete with larger more traditional banks.

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AI in Financial Services: Top Deployments in 2024 in Banking, Investing, Insurance, Fintech, and more

Fintech Labs Insights

Online Digital Banks for Small Business (SMB) Feb 2024

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The 2023 GonzoBanker Awards

Gonzobanker

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. Expect more deals to be announced in 2024. Merger of Equals Deal of the Year (Bank) – Burke & Herbert Financial Services Corp.

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Facebook’s Libra, Uber Losses, Instant Deposits Top Week’s News

PYMNTS

Inside Synchrony Financials’ AML Playbook (Feedzai Digital Banking Tracker). Consumers have noticed the rising levels of fraud in digital banking, while fraudsters are relying on technologies such as machine learning (ML) and artificial intelligence (AI). Levi Strauss & Co.

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players.

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How Innovative mPOS Is Paving The Way To A Self-Checkout Future

PYMNTS

They aim to help shoppers move seamlessly from browsing a merchant’s website to perusing the aisles of brick-and-mortar stores through shared carts and other digital payment experiences. In some cases, brands like Loblaw and Nike are letting shoppers use their mobile phones to pay for their purchases at their physical stores.