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Today In Digital-First Banking: Ternio’s BlockCard Collaborates With Paxful For Debit Card; Fed Changes Main Street Lending Terms

PYMNTS

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Fed Adjusts Main Street Lending Terms to Help Small Businesses.

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Why Consumers Need Digital Banks To Be Better, Not Just Cheaper

PYMNTS

Having a simple bank checking account costs an average a monthly maintenance fee of $13.58 ATM fees, on the other hand, average around $4.66. What MoneyLion is designed to do is offer a mobile financial services platform that combines deposit accounts with low dollar lending, investing and wealth management services.

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Online/Digital Account Opening: A Bridge and A Moat

Abrigo

Recent research shows that even consumers banking exclusively with banks that have a physical, local location have digital banks on the radar, and they make up 62% of U.S. banking consumers. Three-quarters of these “traditionalist” consumers say they are aware of digital banks. Small Business Lending.

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Fintech Deals to Watch: Growing in the Digital World

Gonzobanker

. #267 on the list is Thought Machine , a company started only six years ago that recently announced signed core system deals with Chase and Arvest Bank. Bank CEOs are looking at fintech investment rounds. Mark Cuban is tweeting about Jill Castilla’s fintech efforts with lending system startup Teslar. OK, me neither.

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BofA, First Data Will Not Renew Contract For JV In 2020

PYMNTS

Bank of America serves roughly 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,200 lending centers, 1,700 business centers and 2,400 financial centers with a Consumer Investment Financial Solutions Advisor.

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NCR Acquires Terafina – So What?

Gonzobanker

GonzoBanker mothership Cornerstone Advisors’ recent What’s Going On In Banking 2021 research points to digital account opening being the top bank tech replacement priority in mid-size banks for the third year in a row. Digital banking providers answered the demand with digital account opening solutions.

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Fintech Deals to Watch: Fall Festivities

Gonzobanker

Digital: Pigskin Pick-Ups Bankjoy , a digital banking provider, had a funding round led by the Curql Collective Credit Union Service Organization. NCR announced plans to separate into two independent, publicly traded companies: NCR Voyix , focused on digital commerce, and NCR Atleos , focused on ATMs.

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