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In Brazil, Banking Customers Turn To Debit, Digital Banking

PYMNTS

These shifts have made digital banking and debit transactions more important than ever. The Next-Gen Debit TrackerĀ® explores how the COVID-19 outbreak is impacting commerce and banking, as well as accelerating uptake of digital services and payment tools. Pandemic Puts Digital Banking in the Spotlight.

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Community Bank Acquires SMB Digital Bank Seed

PYMNTS

Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said.

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Unicorn FinTech PingPong Lands E-Money License Ā 

PYMNTS

Luxembourg regulators have given a thumbs-up to the FinTech PingPong , authorizing it to do business as an Electronic Money Institution (EMI). The San Mateo, California-based company said the new license would aid its expansion efforts and ensure that it can ā€œprovide a secure electronic wallet.ā€.

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FinTech Faces Hurdles Making SBA Loans

PYMNTS

three California technology companies, all wanted a piece of the federal governmentā€™s $350 billion loan program, which was designed to keep businesses in the black during the COVID-19 pandemic. . FinTech companies have dramatically expanded the reach of traditional lenders, the paper wrote. PayPal Holdings Inc., Square Inc.

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FIs Or FinTechs: Who Will Power Banking?s Big Digital Shift?

PYMNTS

And according to five observers across the spectrum of traditional financial institutions (FIs), payment networks and digital-only banks, opportunities are there for digital-first and hybrid models alike to succeed ā€” so long as they harbor a relentless focus on identifying and solving customer problems.

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Delivering A Generation-Bridging Banking Experience

PYMNTS

For better authentication, financial institutions (FIs) are experimenting with artificial intelligence (AI) and biometrics, attempting to create security measures that donā€™t frustrate consumers. In the latest Digital Banking Tracker™ , PYMNTS examines how banks are innovating to address these security vulnerabilities.

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Deep Dive: How Understanding Open Banking Rules Can Help Merchants Gain Consumers' Trust

PYMNTS

Lingering economic uncertainty and growing fraud rates in multiple markets are prompting consumers to sharpen their focus on privacy and security. It also details how open bankingā€™s expansion can help businesses build trust with new or existing customers seeking more secure ways to shop. The Pandemic And The Privacy Question .

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