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LendingClub Gets OK To Acquire Radius Bancorp

PYMNTS

And the pandemic has done nothing but coalesce LendingClub’s digital strategy to become a full spectrum of consumer and commercial loan products across digital conduits, said Nayar (who added that LendingClub already exists as a “massive powerhouse on the loan side”). Timing, as they say, is everything. High-Yield Savings.

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Preparing Merchants For The Coming Mobile Wallet Boost

PYMNTS

And as many as 22 percent of the population surveyed said those habits would stick. Merchants, he said, “need to make sure they not only accept credit cards but also contactless payments.”. Not long ago, contactless meant using tangible cards — the type pulled from wallets and waved at the terminals.

Mobile 280
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Partners Against Crime: Visa Leads Effort To Fight Fraud With New Dynamic CVV Codes

PYMNTS

The rising trend of digitization in commerce and the increased occurrence of card-not-present fraud were not created by the COVID-19 pandemic. What has changed, Steinman said, is the reality of the pandemic and the radical digital life shifts it has engendered.

Fraud 316
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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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Post And Parcel Missing Out On Digitization, Says Accenture

PYMNTS

Just 6 percent of those surveyed said they have combined financial and digital success. Reflecting on the results, Accenture Global Post and Parcel Lead Brody Buhler noted that digitization within this sector is paramount to remaining relevant. More than 70 percent said they have a social media presence.

Big Data 100
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Commoditization, Optimization or Transformation: What’s in Your Core Wallet?

Gonzobanker

Maybe this is the new reality for community bankers, but Cornerstone Advisors is seeing little evidence that they’re serious about implementing a comprehensive digital strategy. As this article points out, a core system replacement may not be in the cards for every institution. At least, not right now.

Strategy 156
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Digital banking is ready to take off in Latin America

Celent Banking

Digital is the new reality in Latin America. In a recent Celent survey 100% of the participants recognized that a scenario where all financial products get digitized needs to be addressed sometime in the next 7 years and 59% of them believe it needs to be addressed immediately.

America 100