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Helping FI’s Develop Their ‘FinTech Sense’

PYMNTS

Everyone knows that digital and mobile services are key to success in the 2020s — not only in terms of more revenue, but also larger transformations. But that doesn’t mean all the players in payments and financial services have a solid or clear digital strategy. The age of personalized service is upon us.

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Digital banking is ready to take off in Latin America

Celent Banking

In Latin America the major milestones in Digital development we had seen were Nubank (Brazil – Market Cap $500M) and Bankaool (Mexico – ~$142M in assets), until March of 2016 when Banco Original (~$1,67Bn in assets) launched in Brazil. The bank has no branches and the interaction is 100% through digital channels and a call center.

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Germany’s Central Bank Says Tech Presents Hurdles, Opportunities

PYMNTS

Digitalization is the biggest challenge for supervision since the financial crisis,” said Wuermeling, who is also a member of the European Central Bank ’s supervisory board. “It It remains unclear which digital strategies will remain in the long term, therefore digitalization has to be seen as a moving target.

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How financial services can build trust in the digital age

Bobsguide

So how can financial services operators build trust in this digital age? One approach is to ensure technology is being utilised to automate simple tasks, allowing bank staff to take on new more complex responsibilities. Other banks have taken different approaches, including the use of video banking. Customers at the core.

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Data Dive, Summer Heat Edition: Venmo Speeds Up, Amex Branches Out And Walmart Takes A Pass

PYMNTS

PayPal lived up to a promise it made about a year ago when it was announcing new partnerships with the card networks and brought instant payments to Venmo; Amex is eying an insurance play; and Walmart and Amazon it seems both had their hearts set on having a Whole Foods to call their own. But as for the lazy, well not so much.

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Mobile in the time of digital

Celent Banking

In the past, Celent has praised the Bank of America mobile banking apps as some of the best out there. The bank has been going strong with its digital strategy for years, even closing branches and reducing overhead to drive adoption. Banks are being challenged by the notion of “becoming digital.”

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Alphabet’s New CEO, Millennial Black Friday Spending And Digital Drivers’ Licenses Top This Week’s News

PYMNTS

We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. UK Digital Bank Monzo Taps Visa Exec as US CEO. Monzo , London’s digital unicorn, has appointed TS Anil to head U.S. Top News . operations. Curing the $2.4T