PYMNTS

SEPTEMBER 30, 2020

The wave of digitization that has picked up incredible speed in banking over the past half year isn’t strictly a new trend, Randy Piatt , head of product solutions for Ondot Systems , told PYMNTS. But then COVID-19 came along and sent the digitization of financial services into overdrive nearly overnight.

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PYMNTS

APRIL 24, 2020

Building features out onto the cloud, for example, can create more flexibility to support a range of personalized financial features, according to Nathalie Oestmann, chief operating officer at aggregated payment card provider Curve. Neat is one such FinTech. Its release is considered a trial run for a broader rollout, Oestmann said.

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PYMNTS

FEBRUARY 26, 2020

PSCU’s Lumin Digital has signed the Vermont State Employees Credit Union (VSECU) to a multi-year digital banking and cloud computing agreement, Lumin announced on Wednesday (Feb. Lumin Digital will be the credit union’s digital solution for retail and business banking, as well as bill pay solutions.

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PYMNTS

JANUARY 18, 2021

With more digital banking options emerging on the U.S. market, FinTechs are turning their attention to the business community, whose demands for a better banking experience are growing louder. Marrying AP With Banking. The bank is the single database for a business," said Wheldon. "The

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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

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PYMNTS

JANUARY 28, 2020

Many accounts payable (AP) professionals turning to electronic payments to streamline their companies’ payment processes — specifically, how they pay invoices from suppliers — are putting virtual cards at the top of their lists, and for good reason. The cards can also be fully integrated into ScaleFactor’s accounting and finance platform.

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PYMNTS

APRIL 30, 2020

Banks must now consider how to best expand remote services and emphasize these channels once consumers can safely visit branches again. This month’s Deep Dive examines how consumers are approaching digital banking and how FIs are leveraging online and mobile channels to prevent service gaps during the pandemic.

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PYMNTS

APRIL 23, 2020

One bank working to ensure its in-branch systems match its online capabilities is Cleveland, Ohio-based KeyBank , which operates 1,197 branches across the country and handles more than $137 billion in assets. We don’t think about digital just as a client-facing tablet,” Warder explained. “We’re

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PYMNTS

MARCH 6, 2018

Citing Citigroup Chief Financial Officer (CFO) John Gerspach, Reuters reported the executive said at an investor conference that the financial company is “laying the groundwork for having a national digital bank. As it stands now, Citigroup operates branch offices in only six large cities in the U.S. better than the Street.

National 135

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PYMNTS

OCTOBER 9, 2019

Commercial payments company WEX has announced a collaboration with Mastercard that will allow the firm to issue virtual cards in the Middle East. 8) that it will be able to issue virtual Mastercard cards in the United Arab Emirates following approval from the Central Bank of the UAE to operate in the market.

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PYMNTS

DECEMBER 3, 2019

London’s digital unicorn Monzo has appointed TS Anil to head U.S. operations in Las Vegas as chief executive officer (CEO), Monzo said in a press release on Tuesday (Dec. start-up to a fully-fledged bank with over 3 million customers,” Anil said. He will report to Monzo CEO and co-founder Tom Blomfield. . Roughly 20,000 U.S

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PYMNTS

NOVEMBER 30, 2020

Today in B2B payments, Visa teams up with Razorpay to debut a small business commercial card solution, while Nets is working with Yoba Smart Money to develop small business payment tools. Plus, Australia mulls mandatory eInvoicing, and Emirates NBD launches an omnichannel corporate banking offering.

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PYMNTS

JUNE 3, 2020

The COVID-19 pandemic has ushered in immediate, large-scale operational changes for financial institutions (FIs) in the EU, U.K. Brick-and-mortar branches shuttered as social distancing measures were enforced, and customers subsequently turned to mobile apps or websites to fulfill their banking needs rather than risking in-person visits.

Digital Banking 131

Digital Banking Mobile Tools Online 131

PYMNTS

APRIL 13, 2020

And as for card payments: “Scientific evidence suggests that the probability of transmission via banknotes is low when compared with other frequently-touched objects, such as credit card terminals or PIN pads.”. Simply stated, consumers are wary, whether or not cash increases the risk of exposure to the coronavirus.

Digital Banking 249

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PYMNTS

OCTOBER 6, 2020

In today’s top news in digital-first banking, Bank of America has launched its Life Plan program, while United Airlines and Chase Card Services launched a United Gateway credit card. unveiled its new generation of automated teller machine (ATM) operating software. Plus, NCR Corp.

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PYMNTS

JULY 16, 2019

As reported by crowdfundinsider.com , the joint efforts bring the digital bank to a market that is dominated by financial sector marquee names, and where N26 becomes the first European challenger bank to launch on these shores. The partnership also includes the joint launch of a debt card, and N26 has said that it has 3.5

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Bobsguide

AUGUST 10, 2022

GFT has been identified as a leader in the field of digital banking by analyst firm Quadrant knowledge solutions. Cloud native digital banking solutions have set new standards in the industry. New banking entities can now be set up in as little as twelve weeks – compared to years when using legacy technology.

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BankInovation

APRIL 9, 2024

Digital bank OakNorth is in the early stages of testing to provide wire banking services in the United Kingdom. The London-based bank is beta-testing business banking services, including operational accounts, cards and payments, Chief Executive Rishi Khosla told Bank Automation News.

Digital Banking 63

Digital Banking Cards Operations Payments 63

PYMNTS

APRIL 29, 2020

The COVID-19 pandemic has prompted traditional banks to take fresh looks at their digital initiatives and has given digital-only banks the opportunity to learn about the advantages and hurdles of serving customers primarily through online and mobile channels. Extending digital offerings is not without challenges, though.

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FICO

APRIL 7, 2022

Following the highly successful The 11 Commandments of Digital Banking eBook , we are publishing a series of 5 deeper dive blog posts that group the 11 Commandments below into common themes: Digital lift-and-shift is not a strategy! Friction – not inherently good or evil. Be personable in this impersonal channel.

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PYMNTS

NOVEMBER 13, 2020

In today’s top digital-first banking news, FISPAN has joined Mastercard’s Start Path accelerator program, while Wells Fargo & Co is looking to sell its private-label credit card and point-of-sale (POS) financing arm. Wells Fargo Seeks Bidders for Private-Label Credit Card Unit. percent last year.

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PYMNTS

SEPTEMBER 11, 2019

As reported in this space, and via announcement sent to PYMNTS, the company’s CEO and Founder Neil Ambikar said that the firm will look to accelerate growth, with an eye on rolling out application programming interface (API) enabled banking services. there is a new company with a banking license in place. In the U.K.,

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PYMNTS

JANUARY 19, 2021

And borrowing across LendingClub’s own portfolio has been focused not on credit card consolidation but on home improvement projects. He gave a nod toward “continuous underwriting,” which offers the user who might not have the ability to pay off a credit card within a few months to convert that debt into a loan, and then pay it down over time.

Digital Banking 290

Digital Banking Cards Digital Strategies Survey 290

PYMNTS

NOVEMBER 29, 2017

According to the forthcoming digital bank-and-brokerage service combo’s co-founder and CEO, Stephane Lintner, the firm is launching a model that reimagines security in the digital age. Jiko’s roadmap includes offering standard virtual payment cards and virtual single-use, merchant-locked payment cards, according to Lintner.

Digital Banking 108

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PYMNTS

JANUARY 7, 2021

The letter says that in the future, those accounts will solely be operated under BBVA, but customers will be able to access their money normally until then. 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.

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PYMNTS

JUNE 26, 2020

Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services. Online account openings increased by more than 200 percent in April, while all mobile banking traffic rose by 85 percent.

Digital Banking 220

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PYMNTS

APRIL 12, 2019

Investors backed a range of B2B FinTechs this week operating in areas including accounting, cross-border payments, virtual cards, expense management, cybersecurity and more. FinTech gearing up to launch small business banking services. India corporate banking startup Cashfree announced $5.5 Buckzy Payments. billion.

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PYMNTS

JUNE 14, 2020

Xapo , a crypto wallet and bitcoin custodian, will no longer deal in credit card payments for digital asset purchases, according to an email from the company, as reported by CoinDesk. Xapo will also implement new restrictions on bank transfers, depending on a user’s location.

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PYMNTS

JANUARY 24, 2017

“They’d rather be dealing with a Google or an Amazon or a Facebook” as an alternative to traditional banking. And since launching last year, Varo has been setting up partnerships with sponsor banks, cards and AI to help consumers deal with intelligent chatbots equipped to help with money decisions.

Digital Banking 100

Digital Banking Millennials Lending Google 100

PYMNTS

NOVEMBER 23, 2020

“While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them. Banking as a service makes it far easier for [entities] from startups to multinational corporations to access and create simple, fast, secure and transparent full-fledged financial products,” Athavale said.

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PYMNTS

FEBRUARY 26, 2020

Digital banking and payments firm i2c is partnering with next-generation commerce firm Sightline Payments to deliver cashless, mobile and omnichannel programs to over 45 gaming resorts, state lotteries, digital gaming and sports betting sites across eight states, i2c announced on Wednesday, Feb.

Oregon 232

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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. .

Digital Banking 130

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PYMNTS

JULY 24, 2020

Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. with an app and debit card, expanded into cryptocurrency trading with Paxos Trust Co.,

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San Francisco Fintech cryptocurrency New York 255

PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. Developments From Around The World Of Digital-First Banking. billion by 2024.

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PYMNTS

APRIL 28, 2020

“They’re responding to what’s going on in their environments,” noted Salzer, “whether it may be the particular statistics for hospitalizations and COVID-19-related deaths or governmental orders that may apply to their branches and operation centers.”. Digital banking will also become more widespread. “As

Digital Banking 248

Digital Banking Online Fraud Customer Experience 248

BankInovation

JULY 22, 2021

Saying that Tab Bank, a fully digital bank headquartered in Ogden, Utah, began as a modest operation, would be an understatement.

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Utah Digital Banking Cards Operations 98

PYMNTS

NOVEMBER 26, 2019

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. Inside The Playbook.

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