article thumbnail

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.

article thumbnail

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.

America 100
Insiders

Sign Up for our Newsletter

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

article thumbnail

Retail Pulse: Zola Opens NYC Store; Kleinfeld Shop ‘Pops Up’ In NJ

PYMNTS

Ma told Fortune in December that going forward, the company does not intend to shift away from its main digital strategy. Between the end of April to the middle of June, hackers were reportedly able to get usernames and passwords as well as email addresses, phone numbers, birthdays and payment card info.

NJ 129
article thumbnail

Moving Beyond The Limits Of ‘Cash And Dash’ ATMs

PYMNTS

But it is important that ATMs are embedded in the digital strategy of the bank, too.”. That multi-faceted strategy, he said, embraces services that are necessary not only for individual consumers, but also for small businesses that operate in cash-intense verticals, he told Webster.

ATM 158
article thumbnail

How QSRs Are Going Digital To Counter COVID-Related Sales Declines

PYMNTS

Instead, customers can use cash, cards or mobile wallets and still earn rewards points. For QSRs mainly dedicated to serving office staffers at lunchtime, the pivot hasn’t just been to digital, but to digital efforts that will actually reach home-based workers. For example, a new pay-as-you-go option will allow U.S.

Examples 108
article thumbnail

2022 Trends & Predictions

Javelin Strategy & Research

2022 Digital Banking Trends & Predictions Javelin Report Date: December 1, 2021 Authors: Mark Schwanhausser , Emmett Higdon , Dylan Lerner Research Topic(s): Digital Banking , Digital Strategy & Experience , Mobile & Online Banking The traditional definition of “financial relationship” has changed forever.

Trends 40
article thumbnail

Mastercard On Why VocaLink – And Why Now

PYMNTS

Mastercard’s overall digital strategy looks to the future of digital payments as Masterpass going across all channels to enable payment connections for how consumers live, work and play – basically it’s a vision of Masterpass doing everything payments.

Payments 100