PYMNTS

JANUARY 21, 2021

In an interview with PYMNTS, Avi Cohen , co-founder and CEO of FinTech company The Floor , said boosting digital offerings and bringing new ones to market demands quick decision making as banks seek to improve user experience and user engagement. Now, he said, “innovation needs to also be incorporated internally.

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PYMNTS

DECEMBER 12, 2018

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. Latency Advantages.

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Fintech Mobile Analysis Technology 211

PYMNTS

DECEMBER 3, 2020

While FinTech innovators continue to drive competition with a focus on product functionality and an optimal end user experience, businesses are often forced to use outdated tools, according to Frank Dux , managing director of CoCoNet. The Drive To Upgrade.

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User Experience Fintech Innovation Technology 264

PYMNTS

FEBRUARY 27, 2020

At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. ’s Open Banking mandate is designed to foster competition by unlocking bank data for third-party service providers.

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PYMNTS

NOVEMBER 26, 2019

PYMNTS’ Credit Union Innovation Index found that CU members may not prioritize the latest technologies as much as bank and FinTech customers do, but they still value easy-to-use mobile apps and online capabilities. SAFE has been delivering on-demand experiences since 2016, when it launched a targeted marketing function on its mobile app.

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PYMNTS

MARCH 4, 2020

To get a sense of the changing needs and expectations of enterprises, said DeLuca, financial institutions (FIs) should recognize the significant influence that the consumer and retail markets have on corporate treasurers. And the corporates themselves? The Use Cases.

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Insights on Business

JUNE 14, 2017

Pressures stem from a myriad of sources: competition from fintechs; unrelenting regulatory environment; associated costs of compliance (or non-compliance!); Cognitive systems are pivotally helping banks enhance customer experiences, uncover new insights, and improve speed and quality of decisions.

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Marketing social media Millennials Customer Experience 156

PYMNTS

APRIL 22, 2020

Banks are jostling for space in the market because an expanding number of FinTechs and large-scale technology companies are competing for the same set of consumers. Banks must enable fast and seamless onboarding experiences, but these processes should also be secure. Data and Authentication Frustrations.

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PYMNTS

JULY 10, 2018

Emailage , the online fraud prevention startup that uses email addresses to assess risk, is expanding its operations in the Canadian market. Already, there are many new FinTech startups in a few of Canada’s major cities and the different tech hubs. That’s where companies such as Emailage come in. Emailage can serve various verticals.

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Fraud Fintech User Experience Strategy 110

PYMNTS

MARCH 26, 2020

But as of 2020, it is a subject upon which seasoned experts can disagree, in a world where traditional banks and FinTechs are operating in parallel in the market – and, in many cases, are offering similar services for consumers. But the FinTechs, Baird noted, are adapting and innovating around that issue. Baird said. “As

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PYMNTS

NOVEMBER 16, 2020

Over the years, that surge in competition gave way to a more collaborative spirit between traditional financial institutions (FIs) and FinTechs as both sides worked to digitize and modernize SMB financing. This is a market that's going to be digital-first in the future," he said. The SMB lending space is evolving rapidly.

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Lending Technology Capital Meeting 289

PYMNTS

JULY 28, 2020

The collaboration promises to accelerate Mastercard Labs, the financial services company’s research and development arm that is dedicated to bringing payment solutions to market quicker. Earlier this year, Michael Miebach , Mastercard’s chief product officer, told PYMNTS that there is no use in fighting the evolution of payments.

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Payments Innovation User Experience Cards 168

PYMNTS

JULY 15, 2020

European FinTech Revolut, which recently debuted in the U.S. We’re proud to offer financial market infrastructure that supports an open, digital financial future.”. Paxos will hold crypto assets for Revolut’s users in the U.S., while enabling Revolut to control “the user experience” and manage its “customer relationships.”

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PYMNTS

DECEMBER 8, 2017

The businesses will target mid-market business customers and create a B2B payments hub through Beanworks’ existing BeanPay platform. FI.SPAN will integrate third-party FinTech services into the hub, the firms explained, and deploy APIs to facilitate payment processing.

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PYMNTS

MAY 27, 2020

Banks, FinTechs and small business solution providers have rallied around the effort to ease the digitization transition. The User Experience Focus. Again, this focus on user experience can be applied to both ends of a B2B transaction. ”

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PYMNTS

DECEMBER 29, 2020

Accurate and reliable data is a critical piece of modernizing the AML regimen,” he said. Detecting potentially suspicious activity more quickly through the use of data also provides more meaningful and actionable information to law enforcement agencies that are facing rapidly evolving threats with limited resources.

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Fraud Compliance cryptocurrency Security 270

PYMNTS

JULY 29, 2019

Credit unions (CUs) rely on their members’ loyalty to compete in a saturated financial services market. Most CUs strive to delive r a simple, personalized user experience. This means providing solutions that enhance the banking experience regardless of which channel members use to interact with the CU.

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PYMNTS

SEPTEMBER 3, 2019

. “I am very excited to unveil our new brand, which captures our ambition and capability as both FinTech and travel tech specialists. “A seamless user experience in all digital channels is vital,” said Stephane Druet, head of marketing and product strategy at CellPoint Digital.

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Mobile Payments Branding User Experience 129

PYMNTS

DECEMBER 11, 2019

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience. In the latest demonstration of FinTech-to-FinTech integration, U.K.

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Fintech Groups Data Strategy 132

PYMNTS

JULY 30, 2019

may be the world’s hotbed for challenger banks, but it’s not the only market witnessing a surge in bank competition and industry evolution as a result of FinTech pressure. While the company may be operating in a different market than the U.K., One of the biggest industry trends with global ramifications is open banking. “In

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User Experience America Analysis Industry 122

PYMNTS

APRIL 23, 2020

Unfortunately, independent contractors have also frequently been left out of the picture for traditional banks and even newer FinTechs despite the recent influx of small business cloud accounting apps and other B2B FinTech platforms. Easing The User Experience. That means cutting out the jargon.

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User Experience Management Taxes Fintech 141

Abrigo

DECEMBER 22, 2023

As 2023 winds down, community banks and credit unions have worked hard to attract new customers and members and retain existing ones by streamlining processes and improving the end-user experience. Ironically, data for making lending and credit decisions for the financial institution can also be one of the toughest assets to harness.

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Lending Risk Management Community Management 221

PYMNTS

AUGUST 8, 2018

“Statistics indicate that consumers still trust their banks more than, for example, tech companies when it comes to their financial lives,” said Richard Bailey, SVP of engineering at Entersekt , a South Africa-based FinTech firm that focuses on mobile authentication and app security software.

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Mobile Fintech Community Bank Security 102

PYMNTS

MARCH 17, 2020

Yet for those banking partners, the fact that every corporate is at its own unique position in the digitization process presents a challenge as to which products to offer, and how to enable corporate clients to adopt them — a predicament that impacts everything from banks’ investments in infrastructure to their FinTech collaboration strategies.

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Meeting Fintech Tools Strategy 173

PYMNTS

OCTOBER 8, 2019

Citi is leveraging a newly formed strategic partnership with Cachematrix to create an online investment gateway for money market funds (MMF), Citi announced in a press release on Tuesday (Oct. Cachematrix , a software as a service (SaaS) FinTech, specializes in making cash control easier.

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Online Analytics Tools User Experience 100

PYMNTS

SEPTEMBER 19, 2018

Entersekt , the push-based authentication and mobile app security company, announced that it has appointed FinTech veteran Christian Ali as its country manager of Canada. The news comes as Entersekt continues its expansion into the United States and Canadian markets.

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United States Security User Experience Mobile 184

PYMNTS

DECEMBER 30, 2020

The shift toward contextual banking has a tailwind in place as the financial institutions (FIs) that have been market leaders have been seeing strong deposit growth — and as corporate customers are growing those balances, they want to be able to see their account activity and cash balances visible within the same application on demand.

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System User Experience Resources Marketing 243

PYMNTS

MARCH 26, 2020

Often, these smaller FIs are inundated with projects that are specific to the legacy products they have offered to the market, said Davis. Though there has been an increasing spirit of cooperation between FinTechs and traditional FIs, there’s still a lot of ground to cover.

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PYMNTS

MARCH 17, 2020

Small businesses, particularly those launched by younger entrepreneurs, are often assumed to be a key driver of B2B FinTech innovation as business owners seek sophisticated, automated technologies to run their businesses. One of the biggest lessons would perhaps come as a surprise to many in the SMB FinTech space.

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Millennials User Experience Alabama Tools 168

PYMNTS

APRIL 30, 2018

In January, the International Data Corporation (IDC) reported worldwide spending on blockchain solutions would increase to $2.1 Tech and a great user experience alone didn’t turn out to be a great way to sidestep the merits of using good, old-fashioned credit, risk and lending models to do it. billion by 2021. Digital Banks.

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Fintech blockchain Lending Digital Banking 183

Gonzobanker

MARCH 28, 2024

The digital players are working to differentiate based on stronger customer experience features and tight integrations in areas such as financial health, data-driven marketing and fraud/security. This is an area where speed-to-market competition will be important. #3.

Digital Banking 148

Digital Banking Customer Experience Strategy Exercises 148

Independent Banker

NOVEMBER 30, 2022

Super apps, or apps that aggregate online or mobile user experiences into one central location, have taken off globally. billion users. But with these benefits come newfound threats, chiefly in the form of data privacy and security. and its impact on data security. By Colleen Morrison.

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William Mills

DECEMBER 21, 2017

Payrailz was founded to help financial institutions succeed by offering a smarter, faster and more engaging payment experience surpassing the current solutions available in the market. Digital payments and the user experience continue to be a big focus for the financial industry,” said Mickey Goldwasser, VP marketing at Payrailz.

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PYMNTS

NOVEMBER 25, 2019

And a recent breach exposed the personal data of more than 1 million prepaid T-Mobile customers. T-Mobile Data Breach Puts Personal Data Of 1M+ Customers At Risk. A recent data breach exposed the personal data of over 1 million prepaid T-Mobile customers per reports on Friday (Nov.

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Security Payments Google UX 130

PYMNTS

JUNE 12, 2018

A press release issued Monday (June 11) revealed OroCommerce is turning to the cross-border payments FinTech to provide payment services for its corporate customers via API. In joining Limonetik, we will meet the needs of our customers even more effectively and guarantee an optimal user experience.”

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Payments User Experience Meeting Online 134

PYMNTS

JANUARY 6, 2021

Though the investments in a payments system itself may be huge, the costs of actually managing the transactions (which boil down, really, to data flows) are essentially zero. To get there — to spur increased user adoption — he said that the SPEI user experience has had to improve.

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Payments User Experience System Mobile 363

PYMNTS

AUGUST 12, 2019

At Joust, we understand the growing market of self-employed workers, freelancers and small businesses, and their need for an all-in-one banking solution –especially one that gives them the same benefits enjoyed by major corporations. Existing financial market infrastructure just isn’t built to provide this bundle.

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Payments FDIC User Experience Apple 143