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New Canadian Digital-Only Bank Banking On User Experience

PYMNTS

The challenge for the bank will be remaining competitive when the interest rate is ultimately dialed back and the offering itself – namely its features and user experience β€” need to steer the ship. The focus for us has to be customer experience,” Dickinson explained of the pause due to speed of growth. β€œIt’s

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Galileo, Plaid Integrate To Streamline ACH Transfers

PYMNTS

It enables FinTechs and app providers easy access to approved consumer data to deliver financial products and services, Galileo said. While any business can use the tool to create branded debit cards issued by a financial institution, Instant promises to be especially useful for the U.S. The price of the service was not disclosed.

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Everyone’s talking about APIs. Why?

Insights on Business

While looking at the predictions for the FinTech area for 2017, I started noticing that APIs were showing up again and again. As Jim Marous notes in his article, Top 10 Retail Banking Trends and Predictions for 2017 , β€œAPIs were not even listed as a 2016 trend, but was #4 in 2017.”.

Las Vegas 194
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Banks Must Up Their Social Media Game to Connect with Digital Natives

Gonzobanker

Traditional financial institutions that want to compete with fintech disruptors like Chime and X (formerly known as Twitter) need to up their social media game. By providing visitors a way to directly interact through comments, β€œlikes,” re-posts and more, an institution can deliver a more personal and credible user experience.

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Banks Should Make 2024 a True β€˜Year of Digital’

Gonzobanker

In the face of a digital vendor landscape teeming with activity and competition, financial executives have several key trends to consider: #1. While very few are developing digital applications from the ground up, efforts are being made to better configure, customize and integrate digital platforms more at fintech speed.

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Visa, Novae Relaunch My Rewards 2.0 As Digital Currency Based On Loyalty Points, Miles

PYMNTS

Visa and FinTech partner Novae have unveiled their revamped rewards program, dubbed My Rewards 2.0, We believe that we're alone right now,” he said, adding that β€œI think it will be a trend.”. Converting loyalty points to cash at the point of sale (POS) is in line with other payments choice trends starting to dominate planning.

Apple 233
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An Insider’s View On Digital Banking’s Growth

PYMNTS

Well-established financial institutions often have big costs and outdated existing technology, which can make them slow to react to trends and developments in the rapidly evolving digital banking space. With our user experience, we do a much better job at the moment than most traditional banks,” Stalf said.