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Digital Banking Gaining Scores Of New Users

PYMNTS

Migration to mobile and digital banking ramped up during the pandemic. It’s one of numerous revelations in PYMNTS’ Leveraging The Digital Banking Shift Report , a collaboration with Feedzai , based on a survey of nearly 2,200 U.S. percent of online banking customers using digital channels more. This we know.

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Millennial-Focused Digital Bank Empower Finance Raises $20M

PYMNTS

The system analyzes account holders’ bank and credit card accounts and provides a spending analysis, along with recommendations for how much they should save into which account, how to cut costs and what to do when they overspend. The digital banking field is fraught with competition. It offers a savings account with a 1.6

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PSCU: Digital Banking Helps Credit Unions Compete With Larger Banks

PYMNTS

Done well, that type of analysis and proactivity can ensure good, consumer-focused experiences across digital and in-person settings, Lotz noted. “It It means that you want to invite members into your branch for something that’s of even more value than their typical in-person interaction pre-pandemic,” he told PYMNTS.

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Fintech Funding: British fintechs make plays for document automation, digital banking

BankInovation

Uhura Solutions offers a low-code solution for document and contract analysis, automating data analysis and classification, extraction, review and processing, according to a release. London-based documents automation fintech Uhura Solutions has raised $1.8 million in a seed funding round, the company announced Wednesday.

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Urban FT Joins Financial Health Analysis Project

PYMNTS

Digital banking solutions provider Urban FT has joined the Center for Financial Services Innovation in an effort to help the finserv industry better gauge consumer financial health.

Analysis 101
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Teenager-Focused Digital Bank Wins Fresh Funding

PYMNTS

According to a report on Tuesday (May 28), a France-based “digital banking startup aimed at teenagers” called Pixpay has raised nearly $3.5. The banking service for teens reportedly will launch later this year in time for the new school term in France, and the service will cost users about $33 monthly. Banking App.

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Combating ATOs With Multifactor Authentication, Behaviors Analysis And Customer Education

PYMNTS

Customers cannot afford to let fraudsters compromise their bank accounts under any circumstances, but the current economic climate makes attacks all the more painful. Financial institutions (FIs) thus need to ensure they can successfully block ATOs as well as quickly detect and mitigate any that slip through.

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