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Helping Small FIs Make Banking Services As Seamless As Taking An Uber

PYMNTS

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.

Community 247
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Increasing Digital Banking Options Put Pressure On Big Lenders To Adapt

PYMNTS

Dimon’s comments come at a time of aggressive growth and gains by numerous digitally native startups that have modernized and streamlined online banking and payments for the masses. billion people – will likely be using online and mobile banking services by 2024. We've got to do more of it.”. On Monday (Oct. 5) NCR Corp.

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Digital-First Banking With A Human Feel

PYMNTS

FIs are meeting these shifting customer demands by adding functionalities to their online offerings that were previously available only in branches, such as account openings and loan applications,” the Tracker states. One does not simply walk into digital-first banking without preparation, however. APIs Accelerate Digital-First Adoption.

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The Digital Race In Small Biz Banking

PYMNTS

The edge mid-sized and community banks have historically had on the big guys is that they put a face to banking. Today, though, FinTech has changed the game, and new customer demands could be taking away community banks’ leg-up on their largest peers. Carter pointed to a recent J.D. Power report on retail banking in the U.S.,

Regional 100
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20 Banking Realities for 2020

Gonzobanker

Community banks and credit unions do not fear each other. Here’s a great question for community bank executives: What would it take for your local competitors to fear you as much as a Top 5 player? New regional banks will struggle with operational maturity and customer experience. This must change from the top.

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Corporate Cards’ Collaborative Approach To SMB Adoption

PYMNTS

Others are turning toward collaboration and the developer community to more easily create their own corporate card solutions, and explore new use cases. According to an announcement about the investment, though, EedenBull is in discussions with 20 additional banks around the Nordic region to supply its services.

Cards 101
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SchoolsFirst Federal Credit Union’s Lesson In P2P Security

PYMNTS

While some larger financial institutions (FIs) have joined the platform, regional community banks and CUs account for 85 percent of Zelle’s participants. Users receive messages for scheduled transactions, reminding them that they should only make P2P transfers to trustworthy parties.

Security 148