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Online Bank Aspiration To Give Cashback For Socially Responsible Shopping

PYMNTS

Online bank Aspiration, which has a socially conscious mission, recently announced it would give customers 3 to 5 percent back on purchases from socially conscious brands, according to a report by Bloomberg. Aspiration said the retailers and the bank will jointly fund the rewards.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers. Armistead also spoke to the lesson the bank is learning from smartphone apps to better serve its customers online and in brick-and-mortar locations.

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NCR: How Platforms Enable Banks To Be ‘Digital-First’ Fast

PYMNTS

That’s a challenge, as banks have traditionally plied their trade through face-to-face interactions. The conversation came against a backdrop where NCR has been moving more deeply into mobile and online banking. Looking At Open Banking. Open Banking is taking root in the U.S. Here, geography plays a role.

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Faster Cash Back, Happier Customers?

PYMNTS

For millennials, these cards simply don’t induce the same debt-based anxieties as credit cards. A recent survey found credit card debt is a source of considerable worry for millennial consumers, with 33 percent reporting it as the most feared life aspect. Winning the millennial market. Think like a retailer.

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Delivering A Generation-Bridging Banking Experience

PYMNTS

In the latest Digital Banking Tracker™ , PYMNTS examines how banks are innovating to address these security vulnerabilities. Around the Digital Banking World. Banks and payment players are adopting new technologies to keep customer data safe. In the U.K., The platform will launch in the U.S.

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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

million to its digital banking platform. Startup digital bank. HQ: San Francisco, California. HQ: San Francisco, California. Online marketplace for real estate investing. HQ: Los Angeles, California. SaaS banking platform. Millennial saving & investing app. Mambu attracted $8.7

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Location Detection: Building The Bank Business Case For Better Geolocation Data

PYMNTS

In financial services, in the eternal war to keep customers (and themselves) safe from online fraudsters, banks may lift a mantra from the real estate sector: It’s all about location, location, location. Many individuals just assume the services are part of digital banking , but that’s not the case. The Disconnect.

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