PYMNTS

APRIL 23, 2020

More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely. The bank is working with technology giants Google and Microsoft to create new cloud-based tools that will use their cloud computing software.

Digital Banking 262

Digital Banking Security Innovation Google 262

PYMNTS

OCTOBER 12, 2018

With new risks come new solutions, and banks are taking this approach to data security: They are adopting technologies such as biometric authentication to protect sensitive information. Data: $248.26 billion: The projected size of the global banking cybersecurity market by 2026.

Data 153

Data Digital Banking United States Security 153

PYMNTS

APRIL 27, 2020

The number of online banking customers is growing worldwide, and FIs’ consumers are coming to expect seamless digital experiences as a result. One study recently determined that the number of digital banking users is expected to exceed 3.6 The Cloud and its Role in Banking Transformations. Starting at the Core.

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

APRIL 28, 2020

These shifts have made digital banking and debit transactions more important than ever. Pandemic Puts Digital Banking in the Spotlight. Consumers complying with stay-at-home orders are turning to digital banking services to help them manage their finances while avoiding public spaces like bank branches.

Digital Banking 238

Digital Banking Los Angeles Cards California 238

PYMNTS

JULY 27, 2020

Hackers boasting that they have “cracked” some of the hashed passwords stolen from digital banking aggregator Dave may be one of the most disturbing elements to emerge from the cyberheist that exposed the private information of millions of users, a top expert notes.

Data 246

Data Fintech Report Security 246

PYMNTS

DECEMBER 4, 2020

4) chose four firms to receive digital banking licenses, including “digital full bank” licenses for Singapore-based Sea Ltd. to receive “digital wholesale bank” licenses. to receive “digital wholesale bank” licenses. MAS expects the new digital banks to commence operations in early 2022.

Digital Banking 164

Digital Banking Groups Meeting Fintech 164

PYMNTS

SEPTEMBER 28, 2020

And in finance, credit unions are stepping up to support individuals and companies with digital banking products and greater leniency on extending loans. All this, Today in Data. Data: $87M: Amount Boosted Commerce received from several investors, including Spencer Rascoff, co-founder of Zillow and Hotwire.

Digital Banking 133

Digital Banking Innovation Cards Data 133

FICO

MARCH 1, 2022

Following the highly successful The 11 Commandments of Digital Banking eBook , we are kicking off a series of 5 deeper dive blog posts that group the 11 Commandments below into common themes. Digital lift-and-shift is not a strategy! Respect the data. Respect the Data. Customer-level data (i.e.,

Digital Banking 52

Digital Banking Data Customer Experience eBook 52

BankInovation

DECEMBER 8, 2022

Wells Fargo launched its new AI-powered digital banking platform Vantage on Monday to create a more customized banking experience for its commercial, corporate and investment clients.

Digital Banking 93

Digital Banking Data 93

PYMNTS

JUNE 28, 2019

Banking has gone beyond the branch, and financial services are increasingly rendered in bits and bytes. As found by the Digital Banking Tracker , the younger generation is apt to use apps, especially when it comes to navigating accounts. Data: 31 percent: Share of consumers who use mobile banking apps more often than other apps.

Millennials 113

Millennials Digital Banking Mobile Data 113

Bank Innovation

APRIL 11, 2019

Get ready for more banks. Digital ones, that is. New data shows that consumers -- and financial institutions -- are more inclined toward greenfield digital banks. In a recent survey by Fiserv, 86% of respondents said they would consider leaving their bank, if they could not easily manage their accounts online.

Digital Banking 199

Digital Banking Survey Online Data 199

PYMNTS

NOVEMBER 17, 2020

Lumin Digital announced today (Nov. 17) that it will provide Los Angeles Federal Credit Union (LAFCU) with its cloud-based online and mobile digital banking platform, according to a press release emailed to PYMNTS.

Los Angeles 192

Los Angeles Digital Banking Analytics Mobile 192

PYMNTS

MARCH 13, 2019

Digital banking customers are looking for an institution that can keep their data safe, with security mishaps creating the possibility that they can move to other apps. beat analysts’ revenue and earnings estimates for the second quarter of its fiscal year 2019 amid a focus on data science. All this, Today In Data.

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Digital Banking Security Data Branding 128

South State Correspondent

JUNE 4, 2019

It is the one function that drives up the most cost for a bank and is the most significant reason why bank customers still say they want a branch. Solve this problem, and you start to become a true digital bank. In this article, we look at the data around the problem and how to solve for it.

Digital Banking 191

Digital Banking Customer Experience Lending Online 191

Perficient

DECEMBER 2, 2020

“Having a Balance With a Bank Doesn’t Make You a Customer.”. Our financial services team recently spoke with the great Jim Marous, the co-publisher of The Financial Brand and the publisher of the Digital Banking Report. If they can get a good handle on their data, fantastic things can happen.

Data 294

Data Customer Experience Case Study Branding 294

PYMNTS

APRIL 23, 2020

Banks looking to meet customers’ standards must have a holistic view of the digital experience and consider all aspects of their operations rather than prioritizing one over another, according to KeyBank Executive Vice President and Head of Digital Banking Jamie Warder. “We Knowing the Customer.

System 226

System Digital Banking Guidelines Online 226

PYMNTS

SEPTEMBER 11, 2019

The push toward digital banking seems an inexorable one, with the technology and demographics acting as tailwinds, and where governments have increasingly gotten into the act of promoting digital banks (the pure-play kind) and making forays into bits and bytes, where once paper and face-to-face transactions reigned.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

OCTOBER 2, 2020

And in innovation, Banking-as-a-Service (BaaS) is making it simpler for companies and FinTechs to create functions for sending and receiving payments in addition to managing banking data. All this, Today in Data. Data: $86B: Estimated spend on in-car commerce by 2025. 25%: Share of U.S.

Innovation 167

Innovation Digital Banking Data Fintech 167

PYMNTS

JUNE 10, 2020

In one of the signs of where we are and where we are headed in the warp-speed transformation of digital banking, consider the internet meme that poses a multiple-choice question and series of answers. Who led the digital transformation of your company? A) CEO B) CFO C) COVID-19.”.

Digital Banking 145

Digital Banking Mobile Security Examples 145

PYMNTS

NOVEMBER 23, 2018

In banking and payments architecture, especially in the digital realm, a corollary might be “form and function co-exist, and should be flexible enough to change rather quickly.”. He offered as another example the ability to pay an energy bill — and find out through real-time data what the average rate is for a given suburb.

Digital Banking 134

Digital Banking Mobile Data Marketing 134

BankInovation

NOVEMBER 11, 2022

Finastra Digital Banking Insights, the tech provider’s newest application, launched last week to allow clients to better leverage data through machine learning and advanced analytics.

Digital Banking 52

Digital Banking Analytics Data 52

BankInovation

JANUARY 9, 2024

Bank of America added data insights to its CashPro platform as corporate and commercial clients asked for real-time treasury management functionality.

America 67

America Data Digital Banking Management 67

Chris Skinner

APRIL 4, 2019

One of my favourite recurring themes … The post Who owns the data? Oh when, will we, will be branchless? Can we really replace the City with a trading network of algorithms? Who’s in control? appeared first on Chris Skinner's blog.

Data 407

Data Digital Banking 407

Bank Innovation

APRIL 4, 2018

EXCLUSIVE— Artificial intelligence can produce the necessary insights banks need to provide the best experiences to their customers, but these insights depend, at the start, on what type of data the software is analyzing.

Data 236

Data Software Digital Banking Analytics 236

PYMNTS

JULY 1, 2020

However, CO-OP’s overall data from its network of 30,000 ATMs didn’t show a lot of people loading up on cash. A Data-Driven Future. One thing CUs have lots of is data – even if they don’t always know how to gather, organize or leverage it, Calcanes said. Adapting to Changing Consumer Needs.

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ATM Digital Banking Data Video 250

BankInovation

FEBRUARY 26, 2024

BNY Mellon has appointed Julie Gerdeman as its global head of data and analytics. Gerdeman will be responsible for managing software and data for nearly $47 trillion of assets managed by BNY, according to a Feb. Prior to joining the $30 billion bank, Gerdeman was chief executive at Everstream Analytics, a supply chain […]

Analytics 116

Analytics Data Software Management 116

PYMNTS

OCTOBER 18, 2018

In search of added convenience and simplicity, banking customers are migrating to online and mobile banking interfaces, leaving in-person visits to brick-and-mortar branches behind. Around The Digital Banking World. Westpac , one of Australia’s “Big Four” FIs, for one, is rolling out new omnichannel banking offerings.

Fraud 178

Fraud social media Data Trends 178

PYMNTS

OCTOBER 15, 2018

While he would not reveal how many current account customers Barclays hoped to attract to the new checking account, its initial target market will be the 10 million customers that already hold a Barclays co-branded credit card, as well as the 3 million in its existing digital bank.

Digital Banking 187

Digital Banking Cards Online Branding 187

BankInovation

SEPTEMBER 24, 2021

API integration provider and data network Plaid this week announced a new partnership with digital banking platform Q2 to offer customers a secure, reliable means to connect accounts to apps and services.

Digital Banking 98

Digital Banking Security Data Technology 98

PYMNTS

JANUARY 2, 2020

The former head of technology at Barclays, Mark Hipperson, is launching a digital bank called Ziglu that will serve both crypto and fiat accounts, according to a report by Cointelegraph. challenger bank. Open banking allows customers to share their financial data with other people and companies. In other U.K.

Digital Banking 137

Digital Banking cryptocurrency Bitcoin Course 137

Gonzobanker

OCTOBER 13, 2020

Cornerstone’s Growth Engine Framework illustrated below summarizes common measurements used to monitor the digital customer through the capture, acquire and nurture stages of relationship development. Typically, some of the lowest Net Promoter scores (NPS) in banking come from frustrated digital banking and payments users.

Strategy 158

Strategy Digital Banking Digital Strategies Mobile 158

PYMNTS

OCTOBER 21, 2020

Lumin Digital offers customized integrations to help banks and credit unions enhance their relationships with customers and members. . Jeff Chambers, founder and president of Lumin Digital, said the company is happy to have Interra’s confidence as a digital banking partner. .

Digital Banking 150

Digital Banking San Francisco Indiana Analytics 150

Chris Skinner

JUNE 25, 2018

It relates to my write-up the other day on new bank thinking, and that Monzo are clever with data. Using Google Map APIs and other services, they enrich my transaction statement so I know when, where and what … The post Banks are losing the data war appeared first on Chris Skinner's blog.

Data 338

Data Google Digital Banking 338

PYMNTS

DECEMBER 18, 2020

A month after its purchase by Mastercard was cleared by the Department of Justice (DOJ), open banking platform Finicity announced on Friday (Dec. 18) that it has signed a data access agreement with Brex , a company that provides financial services that help scale early-stage businesses.

Data 242

Data Leadership Innovation Fintech 242

Bank Innovation

APRIL 10, 2019

The key to delivering that promise for BBVA, or any digital bank, for that matter, is data. Data is the present […]. BBVA Compass, the U.S.

Data 170

Data Digital Banking Operations Management 170

PYMNTS

FEBRUARY 21, 2020

Data breaches: MGM has admitted to a 2019 hack , where 10.6 million guests’ data was compromised. Commercial contactless cards: These continue to gain traction, as evidenced by a report from HSBC, which shows that in the U.K., the value of contactless commercial card payments (both debit and credit) jumped 24 percent in 2019.

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

Chris Skinner

DECEMBER 9, 2019

A further discussion about data and the key issue of who should have access. During a recent lunch, we talked about how Chinese citizens allow the government to see all of their digital footprint via Tencent and Alibaba, but they do this for a number of reasons. The advantage of … The post Do users care about their data?

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Data Digital Banking 231