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Scotiabank: Why Banks Need To Rethink Personalization

PYMNTS

FinTech apps, for example, saw a 72 percent increase in usage in the first quarter of 2020 alone. Experts predict that the market will reach $10.87 Developers of these digital banking apps have been seeing success, however, building on an overall trend toward digital banking that has been brewing for years.

ATM 225
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Easing Recurring Collections For Tech-Averse SMBs

PYMNTS

Small businesses, particularly those launched by younger entrepreneurs, are often assumed to be a key driver of B2B FinTech innovation as business owners seek sophisticated, automated technologies to run their businesses. One of the biggest lessons would perhaps come as a surprise to many in the SMB FinTech space.

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Deep Dive: Digital-First Banking’s Challenges And Benefits

PYMNTS

This gap represents a significant segment of the banking market that could be captured with personalized banking services. Recent innovations have enabled these machines to perform more functions than ever, including connecting with live tellers at off-site locations via webcams.

ATM 151
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Bank-FinTech Collaboration Tackles SMB Finance Friction

PYMNTS

Bank-FinTech collaboration continues to thrive as more financial service providers place small- to medium-sized businesses (SMBs) front-and-center of product development. Bank-FinTech collaboration isn't all about FIs ingesting third-party products and services. Progress Bank Taps Sensibill For Digital Receipts.

Fintech 247
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June’s Top 12 Mobile Pay Moments

PYMNTS

And what better way to mark that milestone than with a monthly recap of the Top 12 news items in one major market in the payments ecosystem: mobile payments. Samsung Pay is the first mobile payment service of its kind to be launched in Spain, giving it a head start in the market over Apple Pay and Android Pay. Apple Pay — 20 Months In.

Mobile 104
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. Last week , Walmart Pay rolled out in Alabama and Georgia. Yesterday’s “real” action resulted in a market cap of around $2 billion.

Lending 101
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BBVA Compass Announces New CEO, Onur Genc

Fintech Labs Insights

One of the world’s most innovative, fintech-friendly banks just onboarded a new boss. At Garanti, Turkey’s largest bank by market cap at $9 billion, Genç (pictured) was in charge of retail banking, private banking, and asset management. BBVA announced this week that U.S. Carlos Torres Vila is CEO.

Alabama 12