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Online/Digital Account Opening: A Bridge and A Moat

Abrigo

Offering Digital Consumer and Commercial Accounts Benefits Financial Institutions Banks and credit unions that enable online/digital account opening win new customers and members and retain existing ones. . Takeaway 1 Many financial institutions are adding or improving online or digital account opening capabilities. .

Online 195
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Australians & New Zealanders Want Online Car Loans

FICO

42 percent of consumers in Australia and 40 percent of consumers in New Zealand indicated they would like to apply for their next automotive loan online. The study found that there was a growing inclination for vehicle shoppers in the antipodes to apply for auto loans online. Read the full Australian media release.

Online 45
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Sizzle Or Fizzle: Restaurants Rule, FireEye Flounders And Lending Club Is Back On The List

PYMNTS

So, while seemingly paling in comparison, this week had its fair share of Sizzles — and some interesting Fizzles. Upserve is said to have a fancy, slick restaurant management algorithm that could help Square Capital refine its own fancy, slick risk management algorithm to make better lending decisions. Online Lending.

Lending 100
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(Literal) Land Grab for Hot New Real Estate Startups Shows FOMO

PYMNTS

In the Homeward model, done through an online platform, users who wish to sell their homes get credit upfront. This reportedly lets them make offers on new properties, securing a new place to live even before the old property is listed. The $314 million raised in all of 2017 pales by comparison. billion into May.

Capital 174
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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

PYMNTS

With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. billion in 2017.

Apple 159
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Trust And Speed Light A New Path To Omnichannel Retail

PYMNTS

For instance, 24 percent of Gen Z, 41 percent of millennials and 22 percent of Generation X consumers practice the often-maddening craft (at least from some merchant points of view) of buying online from a different store. You have to think of it as a complete experience, which lends itself to multiple channels.”. Trust Issues.

Retail 137
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CFPB flags new issues in latest credit card review; Ballard Spahr to conduct April 13 webinar

CFPB Monitor

Third-party comparison sites. The CFPB states that it has received indications that some comparison sites generate significant revenue from issuer payments made in exchange for approved applications and that contracts between sites and issuers can influence or determine which (and how) products and choices are presented to consumers.

Cards 68