Capital One Joins Effort to Educate Seniors About Online Banking
Bank Innovation
AUGUST 5, 2016
Banks only care about millennials, right? Not really, though marketing about digital efforts may make it appear that way.
Capital Digital Banking Millennials Technology 
NEW REPORT: Visa On Arming CUs To Win The War For Millennial Talent
PYMNTS
MARCH 20, 2018
for assistance with its “Digital 2x” initiative. The program aims to accelerate the integration and deployment of digital banking technologies and to improve member experiences. Further collaborations could be possible if credit unions and community banks can work better together, according to J. The good news?
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Trending Sources
Teenager-Focused Digital Bank Wins Fresh Funding
PYMNTS
MAY 28, 2019
Much thought is given to millennials and even Generation Z — consumers who were born during fixed periods of time, and who are having an increasing impact on payments and commerce. But let’s not forget the role of the teenager in digital retail, financial services and transactions. million in fresh capital.
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Challenger Banks Raise Record Funds To Take On Traditional FIs
PYMNTS
AUGUST 13, 2019
Digital banking startups are popular in Europe, dangling low fees and mobile apps to attract more customers. Challenger banks have raised $100 million worldwide in the second quarter and are the fastest-growing FinTechs, Lindsay Davis, a senior intelligence analyst at CB Insights, told the FT. .
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US millennials driving P2P payments growth
NCR
MAY 18, 2017
In its latest Trends in Consumer Mobility Report , Bank of America revealed that more than a third (36 percent) of adults in the US now use a P2P payments service. That proportion rises to 62 percent of millennials. The post US millennials driving P2P payments growth appeared first on Banking.com.
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Google Pay Co-founders’ Indian Neobank Has Raised $13.2M
PYMNTS
JANUARY 12, 2020
million in a Seed funding round for its neo-bank epiFi, led by Sequoia India and Ribbit Capital, TechCrunch reported on Sunday (Jan. Also participating in the funding rounds were David Velez, Kunal Shah and VC fund Hillhouse Capital. Two co-founders of Google Pay in India have raised $13.2
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Seeking Banking Balance Between Physical And Digital
PYMNTS
AUGUST 17, 2017
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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Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti
FICO
FEBRUARY 12, 2023
Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models.
NEW REPORT: How A Hollywood Special Effect Became An AI Banking Assistant
PYMNTS
APRIL 18, 2017
From selfie authentication to finance tools that respond to emojis to computer-generated avatars that look and act like real people, new technological tools are giving digital banking a makeover. The April PYMNTS Digital Banking Tracker™ looks at the various ways technology is changing the digital banking landscape.
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110 Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees
CB Insights
JULY 25, 2019
Fintech is often associated with digital tools targeted at tech-savvy millennials. While many Boomers and senior citizens may not be aware of the wide variety of fintech services available to them, such as digital banking, a number of tools exist that aim to raise awareness. . Source: Capital One.
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How Technology Is Leveling The Playing Field In Banking
PYMNTS
APRIL 6, 2016
While banks’ successes (and failures) have historically been largely determined by their physical footprint, the digital revolution has allowed financial consumers to be less reliant on brick-and-mortar branches as technology platforms have grown to enable them to perform their transactions “as and when it suits them,” notes Steggall.
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French FinTech Lemon Way Gets $28M For API Expansion
PYMNTS
OCTOBER 17, 2019
million (€10 million) led by Breega capital, with participation from Speedinvest. “We Lemon Way’s technology, strong partnerships and differentiated expertise give the company a head start.”. In July , Toscafund helped fund Atom , a banking startup in the U.K. that caters to millennials. and Germany.
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Top 5 Surprises from FICO’s Fraud and Digital Banking Survey
FICO
DECEMBER 5, 2022
Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Financial Institutions, such as banks, have expended great effort to improve digital security, yet bad actors are multiplying and attacks have increased in scope and frequency. FICO Admin. Tue, 07/02/2019 - 02:45. by Sarah Rutherford. expand_less Back To Top.
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24 Industries & Technologies That Will Shape The Post-Virus World
CB Insights
JUNE 17, 2020
From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. As more people have worked, learned, banked, exercised, relaxed, and even sought medical care from home during Covid-19, they have gotten a crash course in just how much can be accomplished at home.
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Investors Say FinTech Valuations Are High, But Not Overheated
PYMNTS
OCTOBER 22, 2020
The panel included: Doug Bergeron , managing partner at Hudson Executive Capital ; Ian Drysdale , executive in residence at Great Hill Partners ; Amit Jhawar , venture partner at Accel and Rick Roberts , analyst and portfolio manager at Vulcan Capital. The discussion was part of the ongoing B2B Payments 2021 PYMNTS TV series.
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Consumer Spending Bolsters Big Bank Earnings
PYMNTS
JULY 21, 2019
Within those results, too, digital use continued to grow, with users up 10 percent to 27.8 million users, and digital sales were 25 percent of all consumer banking sales. Capital One ’s domestic card business showed that credit card loans increased 2 percent to $112.1 billion, an increase of $2.3
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Challenges for the neo-challengers: Four hurdles to overcome
Accenture
SEPTEMBER 22, 2019
But there’s another reason why the neo-challengers are so front-of-mind: They’re industry leaders in cultivating technology innovation and optimising customer service and experience. While the neo-challenger banks have grown strongly, they must overcome significant barriers to become genuine contenders in the UK and Irish banking markets.
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The Next Big Thing Is … Debit
PYMNTS
JULY 7, 2020
Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. It’s even affecting the titans of capitalism. Then, just when everyone was really making money again, along comes COVID-19, wiping out the economy yet again, and within recent living memory no less.
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In Banking Innovation, Eyeing The Needs Of The ‘Digital Native’
PYMNTS
JULY 18, 2019
Depending on where you look, the chasm yawns wide when it comes to innovating with new technologies or features. As millennials rise through the ranks and within the ranks, we see the rise of what he termed “digital natives.”. Digital natives, he continued, are highly-comfortable with both hardware and software applications.
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The Current Wave: Faster growth, money and bank charters
Current
OCTOBER 20, 2020
We also have no plans to pursue our own bank charter and we’ll explain the reasons why. Growing, growing, growing… It’s been a year of exponential member growth at Current with the COVID-19 pandemic serving as an accelerant to digital banking and we are now over 1.6 You can catch more Current coming up!
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The 2019 GonzoBanker Awards
Gonzobanker
DECEMBER 20, 2019
There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. 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.
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Unbundling Bank Of America: How The Traditional Bank Is Being Disrupted
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.
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Will a digital-first population drive video teller adoption?
Gonzobanker
JULY 22, 2019
These days, banking is about accessibility and seamless transactions, and ITMs provide the perfect blend of technology and service. By their very nature, ITMs can help banks and credit unions attract younger customers. Large capital investment. Ability to conduct any teller transaction. THE CHALLENGES. Ongoing expenses.
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How Friendly Friction Builds Better Banking Experiences
PYMNTS
APRIL 4, 2019
And by all accounts, this digital migration is driven by consumer preference — according to the same study, 91 percent of mobile banking users prefer accessing their app over going to a physical branch, and 68 percent of mobile banking millennials believe their smartphones will eventually replace their physical wallet.
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How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World
CB Insights
OCTOBER 10, 2018
What these startups share is the goal of creating customer-centric banking products that target underserved individuals and businesses. DOWNLOAD THE 61-PAGE consumer banking REPORT. See which startups are helping JPMorgan, Bank of America, and Citi build the digital banking platforms of the future.
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Covid-19 Has Scrambled Fintech’s Winners & Losers. Here’s The Short- & Long-Term Outlook.
CB Insights
JUNE 3, 2020
Banking & Lending. Wealth & Capital Markets. However, their technology and agility could enable them to adapt to the new environment quicker than incumbents. As the insurance sector looks to rebound from Covid-19, technology will be core in improving operational efficiencies and customer experiences. Real Estate.
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What’s Trending So Far In 2016
PYMNTS
MAY 30, 2016
According to data from the latest Store Front Business Index (SFBI), a collaboration between CAN Capital and PYMNTS.com, these small businesses are growing faster than the U.S. We talk to nearly 700 SMBs every quarter to get their views on payments and technology adoption. Digital Banking. Are SMBs Ready For EMV?
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100 1M Users & Growing: 20+ Fintech Startups That Have Crossed The 1 Million Account Mark — And How They Got There
CB Insights
JULY 11, 2019
Technological innovation across the financial services space is growing. get the building the bank of the future report. Download the free report to find out about the rise of digital banking, challenger bank strategies and how incumbents are fighting back. As a result, consumer adoption is at an all-time high.
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How Can Regional and Mid-Tier Banks Catch Up to the Big Banks in Mobile?
Tech and Finance
JULY 13, 2016
Regional and mid-tier banks face an uphill battle on the digital front, but have advantages they can capitalize on with some focus and determination. Alarm bells are sounding in boardrooms of regional and mid-tier banks across the U.S. Retail Banking Customer Satisfaction Study from J.D. Or at least they should be.
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Seven Big Threats Facing Seven Big Tech And Payments Players This Halloween
PYMNTS
OCTOBER 29, 2018
This happened despite sophisticated technology capabilities that successfully flagged many other types of inappropriate postings, like pornography, and kept them off the platform for years. Only 38 percent of hate speech content was identified by their technology in Q1 2018, they reported, resulting in the removal of 2.5
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5 Ways Ant Financial & Tencent’s Fintech Growth Playbooks Are Evolving
CB Insights
NOVEMBER 5, 2019
As the payment market matures, Ant and Tencent are providing technology and user behavior analysis to help financial institutions provide more tailored product offerings. WeBank , a Tencent-backed digital bank that is reportedly valued at $21B, is also expanding credit to China’s small businesses.
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Sleepless In Payments
PYMNTS
MARCH 7, 2016
Lately, though, they’re probably tossing and turning over the difficulties with raising capital coupled with the simultaneous descent of their venture’s valuations. Technology and the Internet of Things mantra is exciting, exhilarating and in many ways, an innovator’s dream. Or is it just a new source of friction?
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100 The 2015 GonzoBanker Awards
Gonzobanker
DECEMBER 22, 2015
Wells (WFC), Chase (JPM) and Bank of America (BAC) over the past five years. It’s nice to see somebody passionate about using new payments technology to make banking easier and cheaper for the financially disadvantaged. Jill Castilla, CEO of Citizens Bank of Edmond, Okla. Goes to “Virtual” or “Direct” banks.
The 2016 Presidential Election And Banks’ Next Four Scary Years
PYMNTS
OCTOBER 31, 2016
Frank Lucas (R-OK) seemed to sum it all up: “[The banking industry] just made it really hard for those of us who want to maintain the concept of a market economy and who want to make sure that the bankers, not some bureaucrat somewhere, are the arbitrageurs of capital.”. THE BIG BANKER BACKLASH.
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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15
Fintech Labs Insights
JANUARY 18, 2016
million to its digital banking platform. Startup digital bank. Blockchain technology for securities. Millennial saving & investing app. Startup capital raising platform. Charity Bank. Digital bank serving non-profits. RealtyMogul took in another $18.4 Mambu attracted $8.7
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FinovateFall 2015 Presenting Companies Announced
Fintech Labs Insights
JULY 16, 2015
Don’t miss your chance to see all of these companies, and more, demo their technology live. D3 Small Business Banking brings omnichannel, data-driven, digital banking solutions for small business customers of financial institutions. See you there!
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Fall In! FinovateFall 2015 Presenting Companies Revealed
Fintech Labs Insights
SEPTEMBER 1, 2015
ArcBit aims to lever Bitcoin and Blockchain technology to connect you to the global Internet economy. Using cutting edge technology, Auvenir is setting the new standard in compliance and assurance. D3 Banking provides innovative banking services from a single digital platform, lowering the cost and complexity of IT infrastructure.
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Ready for a Sneak Peek? How to Best Prepare for FinovateFall
Fintech Labs Insights
AUGUST 1, 2016
Econiq’s Conversation Hub uses color-coded conversations to help bank and insurer frontline staff, operational management and executives avoid disconnected customer conversations in branches and contact centers.
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12 First Wave of FinDEVr Silicon Valley Presenters Revealed
Fintech Labs Insights
AUGUST 16, 2016
Early this summer, we started reviewing applications from companies excited to present their latest fintech tools, technologies, APIs, platforms, case studies, and tutorials at FinDEVr Silicon Valley 2016. OCR Labs combats risk and fraud for banking, financial, insurance, telco and government through its OCR, FR and verification technology.
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A First Look at What’s Coming to the FinDEVr Stage this October
Fintech Labs Insights
JULY 22, 2015
Apex Clearing will explain its cutting-edge financial services platform and how online brokerage firms and FinTech groups can grow their businesses by leveraging our technology. Backbase will talk about its Digital Banking Platform and its Open Banking Marketplace.
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