Remove Compliance Remove Digital Banking Remove Fintech Remove User Experience
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US Inches Toward Open Banking With CFPB Notice

PYMNTS

With more and more FinTechs introducing their own banking services, the competition is heating up. Small business lending platform BlueVine is the latest FinTech to take this path, having taken the wraps off of its banking solution this week with the launch of BlueVine Business Banking. Plus, the U.S.

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Telleroo Integrates B2B Payments Function For SMB Accountants

PYMNTS

based FinTech specializing in facilitating payments for small business accountancy firms, is partnering with BIN (bank account identification number) sponsor Moorwand to further streamline the payments experience for accountants and bookkeepers. Telleroo , a U.K.-based In a press release issued Tuesday (Dec.

Payments 131
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Banking-As-A-Service (BaaS) Making Payments Faster And ‘Smarter’

PYMNTS

In many ways, mobile banking’s rapid rise parallels that of banking-as-a-service (BaaS), which is enabling more financial institutions (FIs) to offer digital services with low implementation barriers to be competitive in what is a firmly digital-first environment at this point. The One-Stop Digital Banking Experience.

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The Rise Of ‘Intelligent Engagement’ In Corporate Banking

PYMNTS

And in that evolution, DeLuca explained, software has moved from systems that simply kept records or initiated transactions toward systems that deliver an enhanced, more engaging experience. FinTech firms like Bottomline have invested in user experience (UX), user interface (UI), usability and, of course, data management.

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Why getting digital banking right could prove vital in the Gulf

NCR

Like many regions across the globe, the Gulf is currently going through a period of change in the banking industry, which is presenting challenges for local institutions but also creating opportunity. This is particularly true in the digital space, which is likely to be a key area of competitive differentiation in the years to come. .”

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Open Banking Can Scale With Incentives And API Aggregation

PYMNTS

“Some banks see this as a threat to how they do business,” Samuel-Ogbu said, describing one of the challenges that face these ongoing efforts in open banking. This means the focus as been more on compliance with PDS2 rather than commercialization. You need incentives to swallow up the slightly clunky user experience,” she said.

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Neobanks don’t need to be “real banks” to compete in banking

Chris Skinner

Either way, the big question is: Does the market need that many banks to have their own licenses and banking tech? Does a fintech need to be a proper “bank” to compete in banking? Customers turn to neobanks because they provide a user experience that incumbent banks can’t.