PYMNTS

APRIL 21, 2016

As the world goes increasingly digital, banks are struggling to decide how they should package their digital service offerings. Should they fold digital banking services into their existing traditional brick-and-mortar accounts, or spin them off into stand-alone, digital-only entities? Why spin out?

Digital Banking 100

Digital Banking User Experience Exercises Mobile 100

PYMNTS

APRIL 10, 2019

As consumers flock to banking apps, succeeding in the world of digital banking is not as easy as it used to be when mobile apps emerged a decade ago. Around the Digital Banking World. However, legacy banks across the globe have been far from idle when it comes to digital and mobile innovation.

Mobile 185

Mobile Digital Banking social media Strategy 185

PYMNTS

SEPTEMBER 2, 2020

Brazilian digital bank Neon is gearing up for another big wave of expansion after landing hundreds of millions of dollars in venture capital funding. The expansion comes as Neon rides a wave of growth amid the coronavirus crisis, which has spurred interest in digital banking around the world.

Digital Banking 143

Digital Banking Leadership Capital Taxes 143

Chris Skinner

MAY 12, 2017

Chris has been voted one of the most influential people in banking by The Financial Brand. In his recent visit to Karachi for a training workshop organized by Terrabiz group, BR Research had an interesting discussion with him on the digital revolution, the future of the banking industry, and its potential in Pakistan.

Regulation 255

Regulation Capital Fintech Innovation 255

Gonzobanker

JUNE 11, 2018

Attendance at American Banker’s Digital Banking conference has grown significantly since I was here in 2016, reflecting the obvious interest levels in digital, yet the vibe remained largely the same as two years ago…. See you can align your business and digital strategy. And yes, you can humanize digital banking.

Conference 70

Conference Digital Banking Austin Digital Strategies 70

PYMNTS

FEBRUARY 17, 2020

British digital bank Monzo , expanding fast, wants to hire up to 500 people and (hopefully) reach 5.5 The bank is also preparing to try charging customers again to turn a profit. Yet, it’s had no problem raising capital — it’s valued at more than £2 billion ($2.6 million users this year.

Digital Banking 192

Digital Banking Survey Lending Capital 192

Gonzobanker

JULY 7, 2015

Yet while the demos and screen shots at events like Finovate have provided fascinating fodder regarding the future of digital banking, the FACTS show that these buzz-worthy players have had infinitesimal impact on market share. Ally Bank $23,212,768 $60,709,382 $37,496,614. Capital One* 29,565,607 54,374,989 24,809,382.

Digital Banking 60

Digital Banking Industry Capital Strategy 60

The Financial Brand

MAY 10, 2021

The big retail bank's experience proves a digital + physical strategy not only works, but could be the key to capturing Gen Z. The post Chatbots and Cafés: How Capital One Balances Digital, Physical Banking appeared first on The Financial Brand.

Capital 33

Capital Strategy Branding Retail 33

PYMNTS

FEBRUARY 4, 2020

The move will re-brand Bento as GrabInvest from here on out as products are launched via the Grab app in 2020 and beyond. The news comes as Grab is one of the numerous entities in the region trying to apply for a digital banking license in Malaysia. Grab faces competition from rival Ant Financial and others.

Regional 131

Regional Risk Management Digital Banking Management 131

South State Correspondent

FEBRUARY 22, 2023

The banker’s job is to separate those looking for a rate and those looking for another non-rate attribute such as safety, convenience, service, brand alignment, or similar. As such, banks should consider this and be proactive in deposit management. Convenience and brand, for example, play a huge part.

Management 195

Management Marketing Branding Strategy 195

PYMNTS

APRIL 21, 2020

The stage is being set, then, for consumers to pivot away from legacy banking toward trusted brands that, increasingly, are building out financial services. The company’s API, he said, enables users to create an own-branded debit card (not a co-branded one) into their apps. You can reward people in non-cash ways.”.

Branding 232

Branding Innovation Regional Fintech 232

The Financial Brand

FEBRUARY 11, 2020

As it promotes 'Eno' in a national TV ad campaign, the bank reveals key details about its AI-powered, but less-well-known, digital assistant. The post Capital One Doubles Down on Chatbot with New Features and Marketing appeared first on The Financial Brand.

Capital 36

Capital Marketing National Branding 36

PYMNTS

MARCH 31, 2020

The 34-year-old top executive of digital bank Monzo will give up his salary for a year, while senior staffers take a 25 percent pay cut. . However, it has had no problem raising capital, and is valued at more than $2.6 Since launching in 2015, Monzo has burned through cash in its attempt to grow and launch in the U.S.

Survey 130

Survey Digital Banking Capital Branding 130

PYMNTS

OCTOBER 19, 2020

The move comes after GPS's recent launches in Europe and South East Asia, including Revolut and Starling Bank , according to the release. Last year, GPS partnered with the U.K. Department for International Trade’s Fintech Bridges and the Singaporean Economic Development Board to expand into the Asia Pacific (APAC) region.

Study 174

Study Innovation Fintech Customer Experience 174

Gonzobanker

DECEMBER 14, 2023

GonzoBanker of the Year (Mid-Size Bank) – goes to David Findlay, CEO of Lakeland Financial. Anyone who follows the industry knows this focused institution led by Findlay is all about executing the timeless principles of capital management, credit quality, efficiency and customer service. Paul Murphy, founder of Murphy & Co.

Fintech 194

Fintech Community Regional Technology 194

South State Correspondent

OCTOBER 28, 2022

Almost every bank and brand we spoke with will increase their investment in these two areas for 2023. This was followed by a focus on banking-as-a-service, embedded finance, open banking, Web 3.0, Once the intent is discovered, banks and brands then deliver a micro-targeted promotion or process.

Conference 195

Conference Technology Las Vegas Trends 195

Gonzobanker

MAY 4, 2020

All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. customer impact.

Fintech 109

Fintech FDIC Capital Community Bank 109

Chris Skinner

JULY 21, 2017

These companies have names like Zopa, Smartypig, Nutmeg, etoro and have fun branding and cool offices. They are very different to banks and are collectively known as FinTech, financial technology start-up companies. They all share many of the same attributes, in terms of being young, aspirational, visionary and capable.

Fintech 361

Fintech System Apple Technology 361

PYMNTS

JANUARY 10, 2019

It has raised more than $500 million from investors including Tencent , Allianz X, Peter Thiel’s Valar Ventures, Li Ka-Shing’s Horizons Ventures, Earlybird Venture Capital, Redalpine Ventures and Greyhound Capital. Around the world, millions of people still suffer from bad banking experiences and high fees.

Capital 139

Capital Mobile Industry Marketing 139

Gonzobanker

FEBRUARY 29, 2024

Well folks, they’re back—the cries from the rooftops, in the media and at conferences that “Scale Matters” in our consolidating and technically transforming banking industry. A recent round of bank merger announcements and the marquee Capital One/Discover deal illustrate this mantra’s popularity.

Tools 152

Tools Analytics Data System 152

PYMNTS

SEPTEMBER 23, 2020

based early growth, FinTech-focused venture capital firm. Blend said an upcoming survey it commissioned from Forrester Consulting revealed 65 percent of bank customers have financial products with several different institutions. The round brought the company’s value to nearly $1.7

San Francisco 180

San Francisco Washington Survey Data 180

PYMNTS

MAY 2, 2016

In its search for a boost to its return on equity, Goldman Sachs may be bringing its brand to the masses. The plan, which is still nascent, would look to put to work some of the billions of dollars Goldman has on its balance sheet, and which has swelled by $17 billion in online deposits that it garnered from GE Capital Bank.

Lending 100

Lending Capital Branding Course 100

PYMNTS

APRIL 30, 2018

Digital banks. Tightening up their risk models to serve a more Prime-like customer means LendingClub would look like every other digital lending platform competing for the most creditworthy of customers: competitors with healthy balance sheets, a lower cost of capital and a broader digital consumer platform to offer consumers.

Fintech 183

Fintech blockchain Lending Digital Banking 183

Gonzobanker

DECEMBER 19, 2022

2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Benson Porter, Boeing Employees CreditUnion – Porter led BECU through an amazing streak of growth in the Pacific Northwest, all while building an innovative, stakeholder-driven brand respected nationally.

Community 216

Community Fintech Industry Innovation 216

Chris Skinner

MARCH 15, 2017

Since 2010, 19 new retail and commercial banking licenses have been issued, with at least eight more pending as at January 2017. Many challenger banks don’t anchor their propositions around current accounts, as they recognise that customers are willing to multi-bank. appeared first on Chris Skinner's blog.

Regulation 291

Regulation Retail Survey Mobile 291

PYMNTS

JULY 1, 2016

This week sure seems to hint that the answer is “yes ,” considering alt lending startups not only received the most venture capital this week, but they also received the highest funding rounds of any other B2B FinTech industry. Commercial Banking. D3 Banking. Alternative Lending.

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

SEPTEMBER 8, 2020

rolled out the Paycheck Protection Program ( PPP ), it lifted the veil on one of the biggest friction points in business banking today. Yet scenarios like the PPP initiative ramped up demand for efficiency, as SMBs needed capital as quickly as possible — and were no longer willing to wait days for FinServ providers to complete their checks.

Fintech 198

Fintech Compliance Fraud social media 198

CB Insights

DECEMBER 10, 2020

Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. Investment banking.

America 101

America Lending Cards San Francisco 101

PYMNTS

AUGUST 31, 2020

“Numerous CUs are also working to support microbusinesses and small to mid-sized businesses (SMBs) during the ongoing health crisis by providing swift, digitally focused access to much-needed funding.”. Advanced Banking Tech for Small Operators.

Community 152

Community Lending Community Bank Innovation 152

Accenture

SEPTEMBER 22, 2019

As our research shows, their net promoter score averages 62 compared to just 19 for traditional banks—a differential reflected both by their rapid customer adoption and also their ability to attract venture capital funding. Why are they doing so well?

Innovation 150

Innovation Metro Apple Marketing 150

Gonzobanker

DECEMBER 1, 2022

Plus, ATM-as-a-service provides banks with a unique opportunity to modernize their entire fleet, without the upfront capital costs, through a monthly, bundled flat fee (not to be confused as leasing the machines). A smaller bank with just five ATMs can easily handle the channel in house. This model isn’t for everyone, though.

ATM 154

ATM Resources Management Capital 154

The Financial Brand

NOVEMBER 30, 2021

The mobile bank trails neobank leader Chime by a large measure. But it has a capital war chest and more ways to grow revenue rapidly. The post From Neobank to National Bank: Was Varo’s Quest Worth It? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

National 37

National Banking Trends Analysis Trends 37

PYMNTS

SEPTEMBER 23, 2016

Nine years after the introduction of the iPhone to the market — and the subsequent great mobile leap forward — the verdict is pretty much in on mobile banking applications: Consumers like it, verging on loving it, and are eager for more of it. Double-Edged Digital Banking Sword.

Mobile 100

Mobile Community Bank Tools Community 100

Gonzobanker

DECEMBER 20, 2019

Chris Myers, President & CEO, Citizens Business Bank – During a tumultuous time for West Coast banks, Myers kept his sights on being a top commercial relationship bank. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion.

Idaho 148

Idaho Conference Data Marketing 148

The Financial Brand

MAY 23, 2021

Taking a different route than Chime and Robinhood (which it so far trails) the neobank will use fresh capital to leverage AI-enhanced data. The post MoneyLion Brings Platform Banking to Life with a Financial Marketplace appeared first on The Financial Brand.

Capital 38

Capital Branding Data Digital Banking 38

The Financial Brand

APRIL 28, 2021

Monitoring fintech investments by venture capital firms and traditional banks provides perspective on competitive and strategic trends. The post Global Fintech Funding Explodes During First Quarter of 2021 appeared first on The Financial Brand.

Fintech 35

Fintech Trends Capital Branding 35

Gonzobanker

JUNE 16, 2022

If you thought, however, that after 28 years, banks had perfected the art of personalization, you’d be wrong. According to Jim Marous, CEO of The Digital Banking Report : “Consumers expect financial institutions to understand their needs and deliver personalized solutions similar to what they receive from fintech and Big Tech firms.

Fintech 146

Fintech Apple Cards Data 146