PYMNTS

FEBRUARY 19, 2018

With the advent of emerging FinTech startups, banks face some competition for payments. When a consumer or a company wants to send a payment, they can now do so instantly from their smartphone with services such as Apple Pay or Venmo. To help drive innovation, 25.5 Since Apple launched Apple Pay in the U.S.,

Payments 144

Payments Apple Comparison Virginia 144

Gonzobanker

SEPTEMBER 14, 2023

But that doesn’t mean bank execs can give up. We’re in an era where competitors include Square, PayPal, Apple and Chime, and they’re guzzling up customers. According to Cornerstone Advisors research, 47% of consumer checking accounts opened in 2023 are at fintech companies or online banks (not traditional banks).

How To 109

How To New Hampshire Oklahoma Fintech 109

Abrigo

MAY 5, 2022

Weeding through banking podcasts to find gems. million podcasts in the world, you might find it daunting to weed through the lists on Apple Podcasts, Spotify, Google, or other platforms to find the best banking podcasts. Regular, Timely Episodes. Indeed, with 2.8 keep me informed.

Community 195

Community Lending Maine Resources 195

PYMNTS

MARCH 11, 2020

Making the necessary investments is especially challenging for smaller community banks and credit unions (CUs), Good maintained. For a while, Starbucks had been the industry leader — but now Apple Pay, a merchant-agnostic payment, has pulled ahead with an estimated 15 billion transactions annually.

Payments 259

Payments Mobile Trends Apple 259

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. The “What the Hell Are Bankers Doing?”

Fintech 195

Fintech Community Regional Technology 195

Gonzobanker

DECEMBER 19, 2022

Senators Dick Durbin (D-IL) and Roger Marshall (R-KS) with a rare bi-partisan move showing that pinch-your-banker-and-hug-your-merchant is apparently as wholesome America as apple pie. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey.

Community 216

Community Fintech Industry Innovation 216

NCR

MAY 9, 2017

The expansion of new fintech apps started a trend of eroding revenue and profits from banks and credit unions, generating a sense of competition with app developers. But technology innovators and financial institutions have worked together for generations. The Apple Store has over 2.2 In Canada it is 53. Google has over 2.8

Fintech 75

Fintech Hawaii Community Bank San Francisco 75

Independent Banker

OCTOBER 29, 2014

The latest twists came in September, when one of the biggest technology and payments events of the year featured the announcement of Apple Inc.’s s entry into the payments business with Apple Pay. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks?

Mobile 105

Mobile Community Bank Community Technology 105

Jeff For Banks

MARCH 3, 2018

That's what I thought about while reading a recent Financial Brand post about Innovation in Banking: Killer Ideas? Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? In the above blog post, I discussed Apple and Bank of New York Mellon. The iPhone represents 62% of Apple sales.

Apple 67

Apple Millennials Massachusetts FDIC 67

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.

Regional 198

Regional Cards National Trends 198

PYMNTS

FEBRUARY 4, 2019

Community banks and credit unions also offered their backing. They stated that major banks have too much control over the RTP system and that they regarded the Fed as a compelling and more equitable alternative to achieving payments ubiquity. The Clearing House (TCH), for instance, has voiced its opposition.

Payments 183

Payments System Cards Policies 183

Social Assurance

JUNE 12, 2014

Industry experts love to create fear by comparing well-loved brands like Apple to the industry they have. In the past few months I have heard conference speakers theorize about Apple entering markets from food production to healthcare and of course, financial services. Trusting your music to Apple made a lot of sense to consumers.

Apple 17

Apple Conference Industry Tools 17

NCR

MARCH 6, 2017

A ‘table-stakes offering’ The Debit Issuer Study encompassed 72 FIs – including large banks, community banks and credit unions – and found that more institutions are making it possible for customers to complete point-of-sale (POS) transactions with a mobile phone. Image: iStock/brians101.

Mobile 85

Mobile Payments Study Samsung 85

Independent Banker

JANUARY 26, 2016

Cheering on business startups is about as American as apple pie, and with good reason. Of course, community banks are the primary economic engines behind small businesses on Main Street America, funding more than 60 percent of all small-business lending. This is a mindset shift for communities. By Judith Sears.

Miami 70

Miami Community Bank Community Resources 70

NCR

JUNE 30, 2016

With innovation on the rise at financial institutions both big and small, security has become a hot topic in the financial services industry. Headquartered in Miami, TotalBank is a leading, full-service community bank offering personal and business banking, lending, and wealth management services.

Miami 45

Miami Community Bank Mobile Community 45

Gonzobanker

DECEMBER 20, 2018

Hats off to Greg for taking a $600 million credit union to a $5 billion innovator over his 25 years at the helm. Greg also leaves the organization knee-deep in technical innovation as PSECU has deployed Corelation core, Kony digital, Temenos origination and Sitecore CMS among other new solutions. Bank Sale of the Year.

Fintech 105

Fintech Conference Innovation Community 105

NCR

MARCH 7, 2018

Over the last few years, a range of new competitors have emerged looking to take on legacy financial institutions by offering more agile, innovative banking solutions to consumers. ” The post Could regulation changes make retailers the next big threat to banks?

Regulation 53

Regulation Retail Community Bank Community 53

NCR

SEPTEMBER 29, 2016

A ‘table-stakes offering’ The latest Debit Issuer Study encompassed 72 FIs – including large banks, community banks and credit unions – and found that more institutions are making it possible for customers to complete point-of-sale (POS) transactions with a mobile phone. transactions for Apple Pay.

Mobile 40

Mobile Payments Samsung Apple 40

PYMNTS

MARCH 18, 2019

Among the strongest were those who see an alternative to existing card rails as an advantage to their own business models and strategic payments plays – big merchants like Walmart, as well as alt financial players like Apple, Google, Amazon, PayPal, Square and Stripe, among others. TCH is the association of the 25 largest banks in the U.S.,

Payments 201

Payments Cards Operations System 201

Gonzobanker

DECEMBER 17, 2021

Huntington and TCF merge to create the $170 billion Midwest dynamo and vault them into one of the top 10 banks in the country. This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. GonzoBanker of the Year – Bank. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash.

Fintech 147

Fintech Strategy Leadership Lending 147

Gonzobanker

DECEMBER 20, 2019

. ————————————————————————— The ‘En Vogue’ Trend of the Year – Credit unions buying community banks. The bank’s strategy is laser-focused. It is an innovator with tech (e.g.,

Idaho 148

Idaho Conference Data Marketing 148

Gonzobanker

DECEMBER 22, 2015

It’s been almost 20 years since the IPO but this team keeps delivering growth and outstanding financial performance while keeping the values of the hometown bank that started it all. Jill’s use of Twitter is a model for any bank CEO looking to engage on social media. Community bank marketing resources. Bravo OZRK!

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

NOVEMBER 28, 2017

But many community banks and credit unions have done very well targeting market segments that respond to cash-back programs, or no rewards program at all. Most of the innovation we are seeing is on the front end (Apple Pay, Samsung Pay, cool integration into the buying transaction) and not targeting the Visa/MasterCard back-end rails.

Payments 87

Payments Fraud Cards Strategy 87

NCR

FEBRUARY 16, 2016

Study after study shows they expect innovative financial solutions to come from tech startups and leading tech companies like Google, Apple and others, rather than financial institutions themselves. In fact, Millennials don’t think very highly of the banking industry as a whole and many of them don’t believe they even need a bank!

Millennials 40

Millennials Study Retail Community Bank 40

Gonzobanker

DECEMBER 22, 2014

Bank Acquisition of the Year - BB&T Corp. Nice community bank culture fit between the two as well. Bank Merger of the Year – California United Bank and 1 st Enterprise Bank in Los Angeles. The Technology Company that Caused the Most Project Heartache in Bank I.T. That’s one helluva move up.

Los Angeles 101

Los Angeles Apple Risk Management California 101

NCR

OCTOBER 23, 2017

I recently took part in NCR’s Innovation Conference in Orlando, where I was asked to give a session on the future of payments. We’re now well and truly into the era of the fintechs as competitors to legacy banks, and this has naturally led to many questions about the position of legacy players in this more diverse environment.

Technology 69

Technology Maine Examples Innovation 69

Fintech Labs Insights

JULY 16, 2015

Pictured (left to right): Malauzai Software co-founders, Danny Piangerelli (CTO) and Robb Gaynor (CPO), are joined by a handful of their partners in demonstrating Malauzai’s Virtual Banking Experience at FinovateSpring 2015 in San Jose. Malauzai specializes in developing innovative banking apps for community banks and credit unions.

San Jose 12

San Jose Austin Iowa Software 12

Gonzobanker

NOVEMBER 18, 2014

” John Mackey of Whole Foods encouraged the crowd to look outside their own business model for innovations as WF looks at the restaurant and tech sectors for many of its ideas, not just competitors. Innovation Showcase & Global Innovation Awards. Bank’s Dominic Venturo’s session on innovation rocked.

Chicago 98

Chicago Retail Branch Design Training 98

Fintech Labs Insights

OCTOBER 6, 2015

Linqto is a Silicon Valley software development company specializing in enterprise solutions for digital banking. Named a Top Ten Tech Company to Watch in 2015 by American Banker and winner of this year’s Most Innovative Monarch Award for Business Banking, Linqto is a leader in new tech innovation for banking.

Software 12

Software Google Digital Banking Community 12

William Mills

MAY 11, 2016

Demoing first with apple watch. Is this the first time we have seen an apple watch as apart of a demo today? Visualizing banking data and using wealth of data to put customer in control for better decisions. Katerina Frolovicheva (MD, Technologies Innovations). Bank XXI Department). David Carr (Innovation Manager).

Video 40

Video Mobile social media Analytics 40

PYMNTS

JANUARY 15, 2021

He pointed to Circle’s own advocacy of an open standard for digital dollars as an example (the company also has a consortium that brings stakeholders together to spur financial innovation). But if the road to stablecoins is getting clearer, don’t expect rush-hour traffic on that road yet, cautioned Allaire. Still In Learning Mode . “A

Regulation 253

Regulation US Payments Compliance 253

PYMNTS

JULY 3, 2017

The CHOICE Act rolls back regulations that Sullivan said can pin down a community bank and prevent it from serving its function. Community banks are spending more money and resources on hiring compliance people than they are on lending to their community,” he said.

Payments 113

Payments Bitcoin Compliance Community Bank 113

PYMNTS

NOVEMBER 13, 2019

” There’s also a “lack of trust” between the market’s top banks and the thousands of smaller credit unions and community banks. “That’s what’s driving adoption — is good, old-fashioned innovation around customer experience,” he added. Canada, etc.”

Payments 129

Payments Cards Marketing Fintech 129