PYMNTS

DECEMBER 30, 2019

Singtel and Grab are looking to consolidate their powers to create a new digital bank for the people of Singapore, they announced in a press release. The bank will be able to serve retail customers, lend money and take deposits, along with other online banking functions.

Digital Banking 134

Digital Banking Groups Online Regional 134

PYMNTS

DECEMBER 27, 2019

The PYMNTS December 2019 Credit Union Tracker looks at the changing topography of the CU space, as digital transformation challenges the “all for one, one for all” mentality that has undergirded their business model since the 1800s. Strong balance sheets in key areas like credit card debt ($64.4 A Small Change It’s Not.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

JULY 8, 2019

InstaReM is currently preparing to apply for one of five (two retail, three wholesale) digital banking licenses that the city-state of Singapore announced it would be issuing earlier this month. The appeal of the banking license is it ensures the fact that they can provide the full spectrum of services,” he said. “The

Digital Banking 176

Digital Banking Innovation Cards Lending 176

PYMNTS

SEPTEMBER 24, 2020

In today’s top news in digital-first banking, Volante Technologies Inc. is collaborating with Goldman Sachs Bank USA on digital transaction banking, while Sezzle has created a partnership with digital financial services company Ally Lending. billion.

Lending 226

Lending Analytics Technology Software 226

PYMNTS

JULY 1, 2019

While it gears up to apply for a digital banking license in Singapore, cross-border payments firm InstaReM is reportedly seeking lending business partners. It was also noted per earlier reports that the company is also nearing the launch of a prepaid debit card that it plans to issue to consumers in 25 countries.

Digital Banking 123

Digital Banking Lending America Report 123

PYMNTS

MARCH 3, 2020

Brazilian banking startup Nubank is going to launch its Nu credit card in Mexico in an attempt to capture a piece of the country’s population of 36 million unbanked, according to a report by TechCrunch. The card is available to all eligible Mexicans over the age of 18, and it has a waiting list 30,000 people strong. .

Cards 130

Cards America Lending Digital Banking 130

PYMNTS

OCTOBER 14, 2020

On the plus side, Wells Fargo reported that card fees rose to $912 million in the third period, up from $797 million in second quarter. The bank said that was predominantly due to increased consumer spending. Wells Fargo also saw heightened debit card usage during Q3. Debit card point-of-sale purchase volume hit $102.9

Cards 206

Cards Operations Report Mobile 206

PYMNTS

OCTOBER 15, 2020

But bank earnings are showing that loan loss reserves were more conservative than needed (at least for now) and that in some cases, consumer spending and card activity might be emerging from the most recent depths spurred by the pandemic. But cards purchase sales, globally, were up 17 percent quarter over quarter to $127 billion. “We

America 220

America Cards Mobile Management 220

PYMNTS

NOVEMBER 29, 2017

India-based Paytm Payments Bank not only wants to become the world’s largest digital bank , but also to evolve into a financial services company providing a slew of services like wealth management and trading. 28), Paytm founder Vijay Shekhar Sharma said the company is aiming to have 500 million bank accounts. “We

Digital Banking 122

Digital Banking Lending Cards Payments 122

PYMNTS

JULY 29, 2019

A company called Glint Pay has launched a debit card that’s backed by gold instead of currency, according to a report in The Denver Post. The card was released in the U.S. The debit card was introduced early in 2018 in Europe. Users are then given a debit card, licensed by Mastercard USA. office is in Boulder, Colorado.

Cards 191

Cards Colorado Denver Fintech 191

PYMNTS

OCTOBER 16, 2018

Goldman Sachs booked a 4 percent year-over-year revenue increase for the third quarter of 2018, with that growth powered in part by increased lending through its Marcus by Goldman Sachs online consumer savings and lending platform. Q3 revenue for the investment bank hit $8.65

Lending 147

Lending Digital Banking Retail Branding 147

PYMNTS

OCTOBER 17, 2019

The outage has been going on for the last 24 hours, taking down the company’s website and app, as well as shutting down customers’ debit cards. San Francisco-based Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees.

Digital Banking 107

Digital Banking San Francisco Leadership Cards 107

Gonzobanker

AUGUST 17, 2022

Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt. Lending Tech With Almost Steady Grades (Even With Rough Semesters). First, there was the drama leading up to the breakup with the rich hottie.

Fintech 195

Fintech Lending Software Compliance 195

FluentBanking

APRIL 1, 2020

Banks in the country started implementing single digit 9.0 per cent interest rate for all kinds of loans except credit cards in compliance with the government directives, reports UNB. He, however, said it may take this month to fully implement the new rate for all kinds of lending designated under the BB order.

Lending 81

Lending Meeting Industry Compliance 81

PYMNTS

JANUARY 7, 2021

Being FDIC insured won't have any impact on deposits and Simple's app, cards and website will continue to work, the Talk Android report says. And, the company says it wants to make the transition "as smooth as possible" for customers.

FDIC 336

FDIC Google User Experience Lending 336

PYMNTS

JULY 27, 2016

The latest victim is Virgin Money , which revealed this week that it won’t be moving forward with plans to begin lending to small and medium-sized businesses — for now. Gadhia announced Virgin’s decision to hold off on SME lending after the company released its 2016 H1 figures.

Lending 100

Lending Digital Banking Report Marketing 100

Payments Source

AUGUST 16, 2019

Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options.

Cards 69

Cards Lending Digital Banking Fintech 69

PYMNTS

OCTOBER 12, 2017

Banking giant JPMorgan reported results that bested Wall Street estimates on Thursday, buoyed in part by strong growth in its card business and mobile initiatives. In the consumer and community banking segment, revenues were up 6 percent year on year to $12 billion. Credit card sales and merchant volumes were up 13 percent.

Cards 109

Cards Mobile Community Bank Conference 109

PYMNTS

JUNE 13, 2018

Barclays announced that it has appointed Shane Holdaway as the company’s CEO of its cards and payments division in the U.S. For the past five years, Holdaway was the president of Capital One’s Canadian division, and played a leading role in the company becoming the exclusive credit card issuer for Costco Wholesale Canada.

Capital 100

Capital Cards Delaware Payments 100

PYMNTS

NOVEMBER 9, 2020

Lending decisions under the bounce-back loan scheme are fully delegated to the accredited lenders. Tide was founded by banker George Bevis in 2015; London venture capitalist Eileen Burbidge serves as the bank's chair. The FinTech doesn’t qualify for the Bank of England’s term funding scheme aimed at small business lending.

Fintech 177

Fintech Lending Digital Banking Capital 177

PYMNTS

JULY 30, 2019

What MoneyLion is designed to do is offer a mobile financial services platform that combines deposit accounts with low dollar lending, investing and wealth management services. The platform also allows users to connect all their bank accounts and credit cards and receive personalized advice on how to better spend their money.

Digital Banking 190

Digital Banking ATM Study FDIC 190

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. Consumer banking, overall, contributed $217 million in the September quarter, slightly above the $216 million reported in the June 2019 quarter. Yet Marcus has lost $1.3

Report 134

Report Apple Lending Cards 134

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. Consumer banking, overall, contributed $217 million in the September quarter, slightly above the $216 million reported in the June 2019 quarter. Yet Marcus has lost $1.3

Apple 132

Apple Lending Cards Report 132

PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. In terms of headline numbers, the banking giant reported earnings per share of $2.57, up 21 percent year on year and well above the $2.35 But drilling down a bit, to get a sense of the state of the consumer, retail banking saw fourth-quarter profit rise by about 5 percent to $4.2

Cards 131

Cards Data Training Community Bank 131

PYMNTS

AUGUST 6, 2020

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Morgan Enhances Virtual Cards Via Marqeta. In another bank-FinTech tie-up, J.P.

Fintech 277

Fintech Cards Technology Samsung 277

PYMNTS

JANUARY 2, 2020

Gaming company Razer is going after a Singapore digital banking license, along with China’s largest online monetary platform Ant Financial , according to reports on Wednesday (Jan. Razer FinTech will own a 60 percent majority stake Razer Youth Bank, which will be headquartered in Singapore. . Google and Temasek Holdings. .

Digital Banking 130

Digital Banking Capital Google Cards 130

PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. In terms of headline numbers, the banking giant reported earnings per share of $2.57, up 21 percent year on year and well above the $2.35 But drilling down a bit, to get a sense of the state of the consumer, retail banking saw fourth-quarter profit rise by about 5 percent to $4.2

Cards 130

Cards Data Training Community Bank 130

PYMNTS

FEBRUARY 14, 2020

China’s central bank gave Mastercard the green light on Feb. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

APRIL 30, 2018

Marketplace lending. Digital banks. It’s said to be the answer to the world’s food safety and digital identity problems. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

SEPTEMBER 29, 2020

Credit unions of various sizes were eager to roll out credit card innovation plans before the COVID-19 pandemic’s onset. These expectations also drove CU executives’ innovation agendas, with 91 percent voicing serious interest in developing card product innovations. percent planned to unveil mobile wallet-enabled cards.

San Diego 141

San Diego Innovation Cards California 141

Gonzobanker

SEPTEMBER 21, 2023

Digital: Pigskin Pick-Ups Bankjoy , a digital banking provider, had a funding round led by the Curql Collective Credit Union Service Organization. CoreLogic acquired digital mortgage technology provider Roostify. Numerated , a business lending origination platform, partnered with Finastra for a LaserPro integration.

Fintech 103

Fintech Software Illinois Lending 103

NCR

JULY 28, 2017

This convenience offers many advantages to the consumer, but financial institutions and consumers need to recognize one of the biggest disadvantages of this technological expansion: the increased risk of digital banking fraud. Digital banking fraud affected 14 percent of consumers in 2016, up from 12 percent in 2015.

Fraud 74

Fraud Digital Banking Survey Security 74

PYMNTS

DECEMBER 1, 2019

Launched in 2005, Zopa is considered one of the world’s first P2P lenders, lending almost £4 billion to consumers in the U.K. Acquiring our banking license is the starting point for Zopa to become a major force in retail banking,” said Jaidev Janardana, Zopa’s chief executive, in a statement last year. since its inception.

Digital Banking 142

Digital Banking Capital Regulation Lending 142

PYMNTS

FEBRUARY 15, 2018

For community banks serving small- to mid-sized businesses (SMBs), training an eye on credit cards can translate into additional revenue streams and tap into an unmet need for those SMBs. Only 3 percent of them, however, have their credit cards with those community banks. There’s a lot of runway here.

Community Bank 118

Community Bank Community Cards United States 118

PYMNTS

DECEMBER 23, 2019

billion in credit card debt and $382.9 However, it is a quickly changing industry, thanks to digital banking. Credit union service organization (CUSO) CULedger is partnering with digital credential provider Autonomous Lending to offer next-gen digital credentials to its partner CUs. percent and 4.1

Data 131

Data Lending Michigan Regulation 131

PYMNTS

APRIL 24, 2020

India’s KarbonCard , a FinTech that offers startups in India and Southeast Asia with corporate card solutions, secured $1 million in new funding from Orios Venture Partners, Whiteboard Capital, and others, according to YourStory reports. As an FDIC insured bank in the U.S., next year.

Fintech 193

Fintech Capital Security FDIC 193

Bank Innovation

MAY 16, 2019

KOHO, a Toronto-based digital banking startup, has raised C$42 million (US$31 million) in a Series B round to add new products and services. KOHO, with its millennial friendly aesthetic and messaging, currently offers its users debit cards, personal finance management tools and cashback features.

Millennials 186

Millennials Digital Banking Tools Innovation 186