Remove Cards Remove Community Remove Regional Remove User Experience
article thumbnail

Helping Small FIs Make Banking Services As Seamless As Taking An Uber

PYMNTS

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.

Community 247
article thumbnail

Corporate Cards’ Collaborative Approach To SMB Adoption

PYMNTS

Though commercial card innovation has recently hit an acceleration point, there is still plenty of room for progress. Power took one key friction point of the small business (SMB) credit card market to task. “Basics like credit card terms, and benefits and services, are the lowest-scoring factors in our study.

Cards 101
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Increasing Digital Banking Options Put Pressure On Big Lenders To Adapt

PYMNTS

For example, Chime CEO Chris Britt recently said that unlike traditional banks that earn money off of fees and interest from loans, his company’s profits come mostly from card usage. On Monday (Oct. 5) NCR Corp.

article thumbnail

Ondot’s New Cloud Service Taps Digital Innovation For Banks

PYMNTS

Banks and credit unions looking for safer and more efficient digital and mobile services for debit and credit cards can now turn to the cloud. One of the challenges regional and community banks and credit unions face is the complexity of physical data integration in their data centers,” said Prasanna Narayan, head of product at Ondot.

article thumbnail

Commoditization, Optimization or Transformation: What’s in Your Core Wallet?

Gonzobanker

It has become crystal clear that digital transformation is now the largest technology initiative for regional and community financial institutions. Maybe this is the new reality for community bankers, but Cornerstone Advisors is seeing little evidence that they’re serious about implementing a comprehensive digital strategy.

Strategy 155
article thumbnail

20 Banking Realities for 2020

Gonzobanker

In the soon to be released What’s Going On In Banking study, Cornerstone ’s Ron Shevlin shows that both bank and credit union execs are most fearful of big tech (Amazon Prime, Venmo, Apple Card) primarily because of their great data reach and ability to drive customer experience.

article thumbnail

SMBs Remain Hot Spot For Open Banking Business Models

PYMNTS

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience. There are over 5 million self-employed people in the U.K.,

Fintech 132