Bank Innovation
DECEMBER 24, 2019
If 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory. Marqeta, the card issuing and processing startup supporting the capabilities of large companies like Kabbage and Square, sees 2020 as a big year for payments companies branching out into banking.
Gonzobanker
FEBRUARY 19, 2020
Financial institutions are making fintech partnerships a key priority in 2020, according to a new study from Cornerstone Advisors. In What’s Going On In Banking 2020: Outlook for a New Decade , 65% of banks and 76% of credit unions say these partnerships will be an important part of their business strategies this year.
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Gonzobanker
MARCH 26, 2020
How fast can the institution adapt its strategy? According to the Cornerstone Performance Report for Banks , the median bank’s active mobile banking users as a percentage of checking accounts was 36% in 2019, digital origination of consumer loans stood at 12% of volume, and deposit accounts originated online were an anemic 2%.
Banking 2020
DECEMBER 8, 2015
This amounted to a three per cent increase from the year, with credit cards accounting for nearly half of the losses. And in terms of the bank-consumer relationship, customers are personally on the hook for over a third of the losses. “Of billion losses on credit and debit cards, cardholders had to absorb a loss of MXN 2 billion.
Banking 2020
NOVEMBER 25, 2015
This has posed problems, not least the fact it’s the only country in the world where counterfeit card fraud losses are rising. Counterfeit card fraud to drop. In the UK, losses from domestic counterfeit card fraud fell straight away. Fraud from counterfeit cards in the UK declined 56 per cent from 2005 to 2013.
Banking 2020
NOVEMBER 17, 2015
It’s been very well documented that fraud tends to shift to the card-not-present (CNP) arena when EMV is introduced in a country. In the UK, counterfeit card fraud at first fell sharply but then picked up in 2007 and 2008 as it shifted abroad. It’s getting harder for criminals to use stolen EMV card details abroad.
Banking 2020
SEPTEMBER 28, 2015
Chip cards are being issued to consumers and merchants are upgrading their point of sale terminals to adapt. Given the advantages of EMV cards, we would expect more enthusiasm. The key shift resulting from EMV will be a reduction in card-present fraud. per cent of worldwide plastic card losses – amounting to $7.86
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