CB Insights

JANUARY 5, 2021

In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. Phone number. Source: PwC. The unbanked/underbanked.

Digital Banking 98

Digital Banking US Online FDIC 98

PYMNTS

JULY 24, 2019

It’s really hard for banks to follow us here,” Betterment founder and CEO Jon Stein told CNBC. “If If you look at where the big banks and brokerages make most of their money, it’s in their retail savings accounts.”. Like other FinTechs, Betterment will partner with FDIC-insured institutions since it doesn’t have a bank charter.

Fintech 162

Fintech FDIC National Online 162

PYMNTS

DECEMBER 16, 2018

Robinhood , the FinTech that garnered a lot of attention last week after announcing a checking and savings product with 3 percent interest, has retreated from that, removing any mention of checking and savings from the product. Had they called us, I would have told them what I just told you in that I have serious concerns about this.

FDIC 191

FDIC Fintech Regulation Report 191

PYMNTS

NOVEMBER 12, 2020

FDIC) study found that the number of unbanked U.S. Banks and financial institutions (FIs) have been layering patches and tools on top of outdated core banking systems for so long that it’s become a Frankenstein’s monster of tech entanglement. A recent Federal Deposit Insurance Corp. New approaches are about simplicity.

Mobile 202

Mobile Study Tools FDIC 202

Gonzobanker

FEBRUARY 1, 2024

And don’t get us started on the challenge of succession planning. Since banks with less than $10 billion in assets continue to struggle in deposit gathering, scale and overall earnings, we wonder how many will not be here in five years? Joint presentations between bankers and fintechs abounded, showcasing collaborative initiatives.

Conference 88

Conference FDIC Arizona Industry 88

PYMNTS

OCTOBER 29, 2018

Census Bureau still wants us to believe that 90 percent of retail sales still happen in the physical store. population owns a voice-activated device, and 28 percent of those have used the devices to make a purchase during the seven days in which we asked them to tell us about their digital buying and payments experiences.

Payments 196

Payments Google Apple Innovation 196

Fintech Labs Insights

FEBRUARY 1, 2017

It’s just called AI, spending management, or nothing at all since it’s now baked into many digital banking offerings. However, automated spending management is still not widely used by customers, because the big players don’t make it available by default, except Wells Fargo, with its My Spending Report.

FDIC 12

FDIC Mobile Apple Google 12

William Mills

SEPTEMBER 9, 2016

An App Store for FinTech applications. Getting ready to show how someone might use a connector, in this case Google, now in a design environment to drop the widget in the application and can preview how it looks in different devices. We don’t all have those techie nephews who can help us whenever we need tech support.

social media 40

social media ATM Mobile Customer Experience 40