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

JANUARY 15, 2021

But presentation materials that accompanied the results showed that of the reserve released in the quarter, $900 million came from the consumer side of the book, so to speak, and were released from home lending. Reserves were held flat on the card business, standing currently at $17.8 Card average loans stood at $141.2

Management 151

Management Mobile Conference Lending 151

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

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

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. Doing that, he said, will allow for customers to get real-time money management tips and pay bills on time, while also linking payment and identity credentials to those accounts.

FDIC 336

FDIC Google User Experience Lending 336

PYMNTS

JANUARY 7, 2020

Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. 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. That includes Marcus and the Apple Card.

Report 134

Report Apple Lending Cards 134

PYMNTS

JANUARY 7, 2020

Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. 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. That includes Marcus and the Apple Card.

Apple 132

Apple Lending Cards Report 132

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

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. Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Credit union lending platform Clutch partnered with Zest.ai

Fintech 103

Fintech Software Illinois Lending 103

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 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 The top line, known as managed revenue, came in at $29.2 Management has signaled that investments in technology will continue.

Cards 131

Cards Data Training Community Bank 131

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 The top line, known as managed revenue, came in at $29.2 Management has signaled that investments in technology will continue.

Cards 130

Cards Data Training Community Bank 130

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

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

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

JULY 7, 2020

The Peoples Community Bank is broadening its existing relationship with banking technology provider Finastra , the firms revealed this week in a press release , with the financial institution (FI) looking to accelerate its own innovation and product rollouts. Five Star Bank Taps Corserv Card Tech.

Community Bank 242

Community Bank Community Fintech Regional 242

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. It was given a year to raise regulatory capital, and prove it was financially strong enough to become a bank. since its inception.

Digital Banking 142

Digital Banking Capital Regulation Lending 142

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

PYMNTS

JANUARY 21, 2021

Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs. In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 million during the quarter.

Mobile 252

Mobile Report Trends Digital Banking 252

PYMNTS

FEBRUARY 24, 2020

The key here is that buying Radius Bank brings together two disparate companies with a presence in different markets. Radius Bank is not in the lending market, but has $1.4 The announcement focuses on businesses with overlap: investment management, which includes equity trading.

Digital Banking 242

Digital Banking Course Online Management 242

PYMNTS

JULY 15, 2020

MoneyLion , the New York-based mobile bank, announced the launch of RoarMoneySM, a demand deposit account powered by MetaBank N.A. with Mastercard as its exclusive card network. RoarMoney promises faster access to customer funds and secure contactless payment options.

Mobile 175

Mobile New York Tools Digital Banking 175

PYMNTS

FEBRUARY 17, 2020

The historical focus of credit unions has been consumer lending , with a focus on providing the lowest rates to customers. As a result, she said, although credit unions are offering credit card products, they aren’t a central focus. Centralizing The Payments Experience. Getting Started .

San Francisco 184

San Francisco Cards Lending Meeting 184

PYMNTS

MAY 22, 2020

While alternative and digital lending FinTechs can be a more agile option for borrowers, the way these FinTechs manage their own loan portfolios can become a particularly burdensome process that Diehl said threatens to take these companies’ focus away from their goal of enhancing borrower experiences, and toward back-office logistics.

Fintech 261

Fintech Lending Tools Risk Management 261

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

Javelin Strategy & Research

NOVEMBER 7, 2023

Banner Section Home Rss.xml 2024 Trends & Predictions Javelin’s Trends & Predictions reports look at the coming year across the range of Javelin Strategy & Research’s practice areas—digital banking, fraud & security, payments, and wealth management—and highlight the compelling challenges and opportunities likely to emerge.

Trends 45

Trends Fraud Digital Banking Strategy 45

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 171

America Cards Mobile Management 171

NCR

JULY 28, 2017

The ongoing development of digital technology has created unprecedented choice and freedom for consumers in how they manage their financial affairs. As people complete more financial tasks and transactions via digital channels, there is more scope for fraudsters to exploit the weakest links in security.

Fraud 74

Fraud Digital Banking Survey Security 74

PYMNTS

AUGUST 13, 2018

13) that Jud Linville, CEO of global cards and consumer services, will leave the bank as part of executive reshuffling. According to a report in CNBC , Citigroup is overhauling the executives in its global consumer banking businesses and, as a result, Linville will leave. Citigroup announced Monday (Aug. billion by 2020.

Cards 108

Cards Branding Regional Digital Banking 108

Gonzobanker

APRIL 8, 2020

In a recent poll, Cornerstone Advisors learned that most bank and credit union executives are not confident they are creating the kind of knowledgeable and actionable content today’s self-directed, mobile-first buyers demand. Content management – The content management system is the execution epicenter of a solid content strategy.

Leadership 173

Leadership Analytics System Digital Banking 173

PYMNTS

JULY 16, 2019

JPMorgan posted second-quarter earnings on Tuesday (July 16) that showed strength in consumer-facing operations and double-digit gains in mobile customers, reflecting continued traction across digital banking efforts. Management has said the bank has seen more than two million accounts opened through digital means.

Mobile 108

Mobile Cards Community Bank Conference 108

PYMNTS

JANUARY 15, 2021

Morgan Chase, Citigroup and Wells Fargo showed the pandemic’s impact on critical lending and spending, and of course debt repayment, may not have been as bad as had been feared in the dark days of Spring 2020. What’s in the cards? billion, and managed to earn $2.08, where analysts had expected $1.34. The Great Digital Pivot .

Course 152

Course Conference Mobile Cards 152

PYMNTS

JULY 27, 2020

Banking veteran Richard Davies is leaving his role as CEO of banking at digital-banking shop Revolut , one year after coming aboard to bring his seasoned skills to the startup, the Financial Times reported. Davies’ exit comes just four days after the London-based operation announced $80 million in new funding.

United States 140

United States Leadership Risk Management California 140

PYMNTS

JANUARY 20, 2020

And, increasingly, digital conduits are gaining a share of consumer and commercial spending. Wall Street being Wall Street was focused, at least in part, on trading and asset management revenues, which rebounded strongly in the fourth quarter, up double-digit percentages in most cases amid record high stock markets. In the U.S.,

Cards 134

Cards America Course Mobile 134

PYMNTS

FEBRUARY 20, 2019

While they were once seen as novelties, challenger banking institutions are further encroaching into traditional banks’ territory, adding new responsibilities and products to their portfolios, such as lending. News From the Digital Banking Landscape. In the U.K., In the U.S. About the Tracker.

Digital Banking 155

Digital Banking Millennials America Lending 155

PYMNTS

JULY 23, 2019

A banking service targeting Britain’s 5.6 Nationwide is gearing up for the introduction of its business accounts, while Mastercard is planning to roll out debit cards to customers early next year, the companies announced in a joint press release. . The fund is designed to boost competition in business lending. .

Millennials 144

Millennials Innovation Fintech Lending 144

Independent Banker

AUGUST 31, 2021

of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation.

Community Bank 170

Community Bank Community Lending Leadership 170

PYMNTS

JUNE 24, 2020

Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. million) to become a challenger bank. In December, PYMNTS reported Zopa expected to receive £130 million ($1.67

Security 215

Security Capital Cards Report 215