Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

PYMNTS

OCTOBER 4, 2019

Credit Karma , a company that enables people to gain access to their credit scores, is launching a high-yield savings account that customers can use through an app and online. We spent the first 12 years focusing on helping Americans manage their debt. Credit Karma is partnering with West Virginia-based MVB Bank on the venture.

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West Virginia Virginia FDIC Taxes 132

Fintech Labs Insights

APRIL 4, 2023

Within days of the fall of Silicon Valley Bank, challenger small-business banking provider Mercury , was in market with a timely solution to deposit insurance stress. The post Reacting Quickly to SVB Fallout, Mercury Launches Vault, with $5M FDIC Deposit Insurance first appeared on Fintech Labs SMB Center. Related: Top 15 U.S.

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FDIC Online Tools Digital Banking 15

PYMNTS

NOVEMBER 20, 2020

Physical banking was already on the decline before the COVID-19 pandemic put much of the physical economy into the deep freeze for a year and left customers scrambling to digitize their day-to-day lives as much as possible and as fast as possible.

Metro 222

Metro Massachusetts FDIC Trends 222

Gonzobanker

MAY 4, 2020

As Cornerstone Managing Director Brad Smith put it, this deal might not get the coverage of Visa/Plaid, but it should, because Galileo is like a mashup of Plaid and Q2’s CorePro if CorePro was extended to payments, lending and investments. Other similar challengers Square and Varo Money received FDIC approval in the past couple months.

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Fintech FDIC Capital Community Bank 109

PYMNTS

MAY 27, 2020

For banks, the opportunity is there to cement the trust of their customers during uncertain times that have made individuals increasingly uncertain about personal health, job security, paychecks and even whether the money they have in the accounts is safe and sound. There is still a ‘physical’ need,” said NCR’s Brown. “In

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Fintech Innovation Digital Banking FDIC 236

MyBankTracker

NOVEMBER 19, 2020

Sponsored Content Disclosure: This content was commissioned and paid for by the bank advertiser. CIT Bank is among the largest 50 U.S. banks and it also happens to be one of the biggest online banks (based on domestic deposits). Yet, many consumers have never heard of the bank. CIT Bank Savings Builder.

Banking 2020 52

Banking 2020 ATM Online Marketing 52

PYMNTS

JULY 16, 2018

This week, the lucky winner is Macy’s , which disclosed to the world that hackers had obtained names and passwords of online customers — and might have accessed credit card numbers and expiration dates as well. Citizens Rolls Out Digital Bank. A lot of big buys — and according to its CEO, it is just getting started.

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Cards Data Digital Banking Retail 100

PYMNTS

AUGUST 17, 2017

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). Additionally, if recent trends are any indication, physical bank branches stand to lose a lot of ground in the near future.

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Millennials Digital Banking San Francisco Fintech 132

MyBankTracker

AUGUST 5, 2020

To provide greater convenience to members, PSECU offers consumer-friendly ATM access and anytime, anywhere digital banking tools. Mobile Banking App. Smartphones and mobile devices have become a vital part of how consumers manage their money. ATM Access. Deposit Insurance. Conclusion. 1) You can earn 1.5%

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Pennsylvania ATM FDIC Cards 52

PYMNTS

OCTOBER 29, 2018

Facebook reported on their website that their teams have made progress: They removed 837 million pieces of spam in Q1 2018 before anyone reported it, disabled 583 million fake accounts “within minutes” of going online and removed 24 million inappropriate pictures related to violence and nudity. 93 percent had a bank account.

Payments 196

Payments Google Apple Innovation 196

Abrigo

FEBRUARY 8, 2024

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. Takeaway 3 Numerous resources can help banks and credit unions offer training on fraud to help customers or members recognize scams and avoid theft.

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Fraud Resources social media Software 195

William Mills

SEPTEMBER 9, 2016

Listening to banks and realized that they don’t have sentiments of their customers to create insights and they were not looking forward. Built a solution called Customer Insight for banking. Built the platform for networking, data management and analytics and reporting. Showing a virtual bank demo via Chrome browser on a Mac.

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social media ATM Mobile Customer Experience 40

PYMNTS

MAY 2, 2016

Venmo may have managed to get itself into some trouble with the FTC – though how much, what for exactly and how worried parent company PayPal should be worried are a bit up in the air. Also in the mix, Walmart Pay has taken yet another step away from the theoretical toward the actual and Goldman Sachs went into digital banking.

Software 100

Software Mobile Regulation FDIC 100

PYMNTS

NOVEMBER 2, 2020

In an interview with PYMNTS, Neel Ganu , CEO of FinTech Finch said that combining banking and investing activities into a single account can help these younger consumers optimize their daily finances and grow their wealth in the meantime. To look to disrupt any vertical requires addressing pain points – namely, what’s not working.

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Millennials Fintech Course FDIC 221