The Financial Brand

MAY 1, 2023

This article How a Fintech Called Save Offers Banks Cheap Deposits and Depositors Big Returns appeared first on The Financial Brand. An FDIC-insured bank account with an 8% interest rate? This article How a Fintech Called Save Offers Banks Cheap Deposits and Depositors Big Returns appeared first on The Financial Brand.

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Independent Banker

JUNE 30, 2022

According to Kientz, if an HOA has an FDIC-insured bank account of more than $250,000, it often takes multiple banks to manage the funds—but Academy Bank can handle accounts of that size on its own. It has grown a healthy deposit base and firmly established a solid brand presence in the HOA-run neighborhoods it serves.

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PYMNTS

DECEMBER 10, 2019

N26 aims to connect all aspects of our users’ lives seamlessly and that includes partnering with their favorite brands,” said Nicolas Kopp, U.S. N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. Customers can get full information in the new “Explore” tab in the N26 app. CEO of N26.

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The Financial Brand

OCTOBER 5, 2020

But that's not what FDIC says. The post Why that Spike in COVID-19 Bank Branch Closings Didn’t Happen (Yet) appeared first on The Financial Brand. With all the recent buzz about the demise of branches, it was easy to assume they were going to wither away.

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Insights on Business

FEBRUARY 22, 2019

Sometimes a particular aspect of a brand is extended to the company’s other products. A company is said to have a halo when customers think that any product by the brand is automatically good. Differentiate with halo : Complement a thin network of up to 1% of branches with strong digital offerings and branding. See figure 2.

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PYMNTS

OCTOBER 2, 2019

s equivalent to the FDIC. I’m struggling to see why savers would want to open the Goldman Sachs easy access account via Saga when going direct to Goldman Sachs via their Marcus brand pays a higher rate of interest,” Modray said. The one-year fixed rate, according to Justin Modray of Candid Financial Advice, “looks uncompetitive.”.

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The Financial Brand

NOVEMBER 9, 2020

A new analysis of FDIC numbers will surprise you. and More Hidden ‘Trends’) appeared first on The Financial Brand. How much of what you know about branch trends is on target and what's completely wrong? The post Is Small-Town America Being Unbanked?

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PYMNTS

OCTOBER 2, 2019

s equivalent to the FDIC. I’m struggling to see why savers would want to open the Goldman Sachs easy access account via Saga when going direct to Goldman Sachs via their Marcus brand pays a higher rate of interest,” Modray said. The one-year fixed rate, according to Justin Modray of Candid Financial Advice, “looks uncompetitive.”.

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PYMNTS

DECEMBER 23, 2020

The company offers FDIC-insured bank accounts and a Visa -branded payment cards for teens (aged 13-18) with budgeting features and other financial education tools built in. On one hand, Step is looking to create a brand that's young, modern, hip and cool such that it appeals to those 13- to 18-year-old users. Creating A Balance.

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CFPB Monitor

MAY 6, 2021

According to the factual allegations in the OCFR’s Charge Letter : The Bank offers in-store retail credit financing as well as store-branded credit cards to Maryland consumers. In addition, legal challenges to the OCC and FDIC “ Madden -fix” rules and the OCC’s “true lender” rule continue to create uncertainty for participants.

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PYMNTS

AUGUST 4, 2020

In an announcement, the bank said it would work with Google to debut a co-branded, FDIC-insured, digital-only bank account next year. In this way, Google gets new users for its Pay offering , and the banks get new customers and strengthen their respective brands. To that end, BBVA was one of six banks that said on Monday (Aug.

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PYMNTS

NOVEMBER 30, 2018

According to The Next Web , Jared Rice defrauded investors out of $4 million after he claimed the company would become the “first decentralized banking platform” — offering FDIC -insured accounts and banking services, as well as Visa -branded credit cards and other cryptocurrency services.

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Jeff For Banks

MAY 21, 2023

Maybe their names would be Fort Knox Savings, where your deposits are insured up to the FDIC limit and beyond because of reciprocal deposit features, and is easily accessible via mobile, online, and your local branch. I do get FDIC insurance, and the benefit of the branch and possibly a person to call on the phone.

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PYMNTS

JUNE 19, 2020

FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic. Visa, Facebook Link Up For P2P Payments, eCommerce On WhatsApp. Visa is at work with Facebook so that consumers can completely harness the new payments functionality on WhatsApp in Brazil. Bank profits in the United States took a 69.6 The profits just hit $18.5

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Jeff For Banks

OCTOBER 7, 2021

I can think of no reason why a bank would claim the mantel of brand leadership if they must routinely price up deposits or reduce loan yields or structures to get new customers. But they may not be in their operating account or some special purpose savings accounts where they want the FDIC insurance and efficient transaction processing.

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PYMNTS

JULY 16, 2019

Among the latest examples, N26 , which is a digital-only bank based in Europe, has entered the US market through partnership with Axos Bank in order to offer FDIC insured accounts. In the continued linkups between banks and FinTech upstarts, new markets beckon across various borders.

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Independent Banker

NOVEMBER 21, 2021

submitted its application to the FDIC at the end of August with the intent to serve New England’s local and sustainable food community with a bank owned by its depositors. Building a bank brand with impact. I don’t see a bank brand in the market today that represents the same values that you see in many other consumer categories.”.

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Gonzobanker

MAY 4, 2020

LendingClub/Radius Bank: The acquisition of Radius Bank would bring an FDIC-approved, low-cost source of deposits and broader banking services to LendingClub. Other similar challengers Square and Varo Money received FDIC approval in the past couple months. Moven Bank announced discontinued U.S. customer impact.

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PopularBank

DECEMBER 1, 2021

The second way we analyze fraud is by the size of its impact, which comes in many forms, including brand damage or financial loss. You are protected by Popular Bank’s encrypted security processes and backing from the FDIC, just as you are when using checks. Online and mobile banking is better for the environment.

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Jeff For Banks

JANUARY 12, 2019

Then, as now, my working theory is that the best boards are ones that approve strategy and hold management accountable for achieving it, and effectively dispatch their duties as described by the FDIC above. And it doesn't matter if they are in Ag Supply or are the brand manager for the Dallas Cowboys. Frequently asked. Seldom answered.

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Jeff For Banks

JANUARY 12, 2019

Then, as now, my working theory is that the best boards are ones that approve strategy and hold management accountable for achieving it, and effectively dispatch their duties as described by the FDIC above. And it doesn't matter if they are in Ag Supply or are the brand manager for the Dallas Cowboys. Frequently asked. Seldom answered.

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The Financial Brand

OCTOBER 7, 2019

The Financial Brand pulled marketing budgets from FDIC call reports for 210 banks for 2018 and 2015. The post Bank Marketing Budgets Adapt to New Missions and New Tools appeared first on The Financial Brand. Here's what our comparison found.

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The Financial Brand

MARCH 24, 2020

Q&A from the FDIC. The post Coronavirus Insights: Sports Sponsorships, Post-Crisis Planning appeared first on The Financial Brand. Impact on sports sponsorships. How to handle the video pivot. Planning for a world after COVID-19.

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MyBankTracker

DECEMBER 7, 2020

Outgoing wire transfers: $15 FDIC-Insured. Without a familiar brand or physical bank branches, many consumers fear that online banks and other financial companies are not safe for their deposits. Other fees that may apply include: Expedited debit card replacement: $15 Cash deposits at Green Dot retail locations: $4.95

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PYMNTS

NOVEMBER 23, 2020

He pointed to brands and merchants like Dunkin and Dollar General, marked by underserved populations that could benefit by better economics than has been seen with prepaid cards or payday lending. But a national charter would allow for a uniformity of presence and market scope.

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The Financial Brand

MARCH 26, 2024

This article How a Regulatory Nudge Pushed Payday Lending into the Mainstream, Benefiting Borrowers and Banks appeared first on The Financial Brand. This article How a Regulatory Nudge Pushed Payday Lending into the Mainstream, Benefiting Borrowers and Banks appeared first on The Financial Brand.

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The Financial Brand

MARCH 4, 2024

This article Bankers Say BaaS Turmoil Primes Future Growth appeared first on The Financial Brand. This article Bankers Say BaaS Turmoil Primes Future Growth appeared first on The Financial Brand. Bankers now say upheaval in the industry has spurred the refinement needed to bring banking-as-a-service to the front of the table.

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PYMNTS

JULY 25, 2019

FDIC) estimated that 6.5 For one, enabling mobile payments may ensure that consumers around the world can encounter a company’s brand on their terms, since smartphone usage has grown rapidly in emerging as well as advanced economies. She pointed out that the Federal Deposit Insurance Corp. Another 18.7

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The Financial Brand

APRIL 1, 2024

This article Major Shifts in Federal Bank Merger Policy Pending from Biden Regulators appeared first on The Financial Brand. This article Major Shifts in Federal Bank Merger Policy Pending from Biden Regulators appeared first on The Financial Brand. The Comptroller's Office and the Federal Deposit Insurance Corp.

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PYMNTS

AUGUST 7, 2019

In a recent interview with PYMNTS, Thyagarajan said working with BBVA not only provides potential customers with a familiar brand — instilling customer trust from the get-go — but also eases the regulatory compliance and infrastructure burden on the FinTech. On The Open Banking Path.

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Jeff For Banks

JUNE 30, 2013

The Financial Brand did a showcase piece on innovative branch designs. Deposit growth and market share, and number of branches in a market (see tables) are available via the FDIC website. bank branch size bank branches branching branching decision credit union branches deposit market share FDIC Kafafian Group marsico mcif'

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Jeff For Banks

OCTOBER 29, 2016

Our brand awareness and customer acquisition strategy is moving at a turtle's pace, not the hare pace of the industry. This phenomenon was brought home when a banker told me that, in the Philly suburbs, Ally Bank was the most recognizable banking brand. Make it near-automatic. deposit market share in 2012 to a 80.7%

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Fintech Labs Insights

APRIL 6, 2023

But what we will see is the challenger banks dusting off their sweep features and emphasizing them in their marketing and branding. Case in point: Just days after the Feds took over SVB, Mercury was in market with its Mercury Vault, offering $5 million in FDIC insurance by distributing balances across 20 insured banks.

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The Financial Brand

OCTOBER 8, 2023

appeared first on The Financial Brand. appeared first on The Financial Brand. This article Should Fintechs Buy or Build Their Way into Banking Today? Acquisitions aren't easy, but new charters for fintechs are elusive. A bank law veteran weighs options in which both banks and fintechs have a stake.

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South State Correspondent

MARCH 15, 2023

Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. 9) Brand Matters: SVB had one of the best brands in banking. Higher cash holdings will now be a demarcation of credit quality.

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The Financial Brand

SEPTEMBER 24, 2023

appeared first on The Financial Brand. appeared first on The Financial Brand. This article Is the Spike in Banks’ Use of Brokered Deposits Cause for Alarm? Why brokered deposits are in the news and why deposit-hungry bankers should care where the debate is heading.

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PYMNTS

JULY 15, 2016

We understand that sometimes brands do things in an effort to get a little boost so that people notice. But when it comes to a tactic that plays rope-a-dope with the facts about something, say as serious as whether or not China hacked into the FDIC, then it is not at all cool. Our heart bleeds for those sellers.

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