PYMNTS

FEBRUARY 18, 2020

The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. This is the first time a FinTech has purchased an actual bank. Recently, Varo Money , a mobile bank, got FDIC approval to accept consumer deposits.

Fintech 242

Fintech FDIC Boston Lending 242

PYMNTS

APRIL 24, 2020

With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. Cross River Bank.

Fintech 193

Fintech Capital Security FDIC 193

PYMNTS

AUGUST 13, 2019

Digital banking startups are popular in Europe, dangling low fees and mobile apps to attract more customers. Challenger banks have raised $100 million worldwide in the second quarter and are the fastest-growing FinTechs, Lindsay Davis, a senior intelligence analyst at CB Insights, told the FT. .

FDIC 164

FDIC Millennials Capital Fintech 164

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. So even if there is a failure at Mercury’s bank partner (Evolve or Choice), there would be no deposit losses or even major inconvenience ( see note 1 ).

FDIC 15

FDIC Online Tools Digital Banking 15

PYMNTS

SEPTEMBER 18, 2020

On a day that saw a stock market rout – particularly on the tech-heavy NASDAQ, which was down a percent – in at least some areas of finance, investors remain sanguine. Perhaps “overly optimistic” might be the mindset that marks private markets. Regional players like BankUnited have even smaller market caps (at about $2 billion).

Los Angeles 231

Los Angeles UX Cards FDIC 231

Fintech Labs Insights

APRIL 6, 2023

Are we about to see a rush of fintech startups serving the interest-sensitive small business market? But what we will see is the challenger banks dusting off their sweep features and emphasizing them in their marketing and branding. Online Digital Banks for Small Businesses (SMB) April 2023 The post Top U.S.

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

PYMNTS

FEBRUARY 19, 2020

Banks across the U.S. The area encompasses New York City, its suburbs and parts of New Jersey, “a very dense urban market in most instances, so there’s a lot of potential duplication of bank branches,” said Walter Bialas, director of research at Jones Lang LaSalle , the world’s second-largest commercial real estate services firm.

New York 167

New York North Carolina US New York City 167

Ublocal

FEBRUARY 7, 2024

Welcome to Union Bank’s exciting journey into the world of investments! Through our UB2Go digital banking platform , we’re introducing an easy-to-use digital investment app. Let’s delve into why the stock market is a great place for your money to grow.

New Hampshire 98

New Hampshire Vermont Strategy Marketing 98

Fintech Labs Insights

JUNE 26, 2023

Are we about to see a rush of fintech startups serving the interest-sensitive small business market? But what we will surely see is challenger banks dusting off their sweep features and emphasizing them in their marketing and branding. Online Digital Bank Savings & Treasury Accounts for Small Business (SMB)

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

Perficient

AUGUST 9, 2022

Mike Randall, a co-founder of Greenwood, wanted to address the specific issue of bank branches being replaced by check cashing places that charge absurdly high-interest rates. To offer another example of a bank consciously aimed at supporting the underserved, Forbes just recognized Quontic as the number one “best overall online bank.”

Community 275

Community Customer Experience ATM Examples 275

Jeff For Banks

JANUARY 14, 2021

A mid-2020 survey performed by Cornerstone Advisors showed that 51% of retail customers that opened a new bank account within the last three months did so at a large, national bank. Eighteen percent of that group opened an account at a digital bank. Two percent opened an account at a community bank.

Community Bank 130

Community Bank Community FDIC Strategy 130

PYMNTS

DECEMBER 16, 2020

Aeldra, whose partners include Blue Ridge Bank, N.A, banking and investment through a “digital private banking” experience. resident and non-resident international clients of Aeldra can open an FDIC-insured U.S. provides global clients with smooth access to U.S.

United States 168

United States FDIC California Mobile 168

PYMNTS

SEPTEMBER 18, 2020

On a day that saw a stock market rout – particularly on the tech-heavy NASDAQ, which was down a percent – in at least some areas of finance, investors remain sanguine. Perhaps “overly optimistic” might be the mindset that marks private markets. Regional players like BankUnited have even smaller market caps (at about $2 billion).

Los Angeles 140

Los Angeles UX Cards FDIC 140

PYMNTS

DECEMBER 16, 2018

According to a report in Bloomberg , when Robinhood announced the products last week , it compared them to traditional bank accounts, boasting a 3 percent interest rate on both checking and savings. The executives told Bloomberg they are working with regulators and are in the process of overhauling the marketing material related to it.

FDIC 191

FDIC Fintech Regulation Report 191

Gonzobanker

FEBRUARY 1, 2024

We can’t sleep on non-bank competition, bigger banks controlling even greater market share, or big tech and embedded finance. 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? Five Hundred? (Oh

Conference 88

Conference FDIC Arizona Industry 88

PYMNTS

JULY 24, 2019

Like other FinTechs, Betterment will partner with FDIC-insured institutions since it doesn’t have a bank charter. Bigger banks were not running solutions in the public cloud, for instance, because they had a closed-loop environment — but FinTechs may be able to take a different approach.

Fintech 162

Fintech FDIC National Online 162

Gonzobanker

MAY 4, 2020

As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. In the midst of unprecedented market volatility, recent deals and back-channel chatter illustrate that fintech demand remains high.

Fintech 109

Fintech FDIC Capital Community Bank 109

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. And we saw the banks move pretty aggressively to try to close that gap.

Innovation 241

Innovation Fintech Data Examples 241

PYMNTS

OCTOBER 4, 2019

Credit Karma is partnering with West Virginia-based MVB Bank on the venture. The bank will handle the funds and will offer FDIC protection up to $5 million. Although Credit Karma’s APY is high, it’s not the best on the market. Vio, an online bank, has an account that pays 2.42

West Virginia 132

West Virginia Virginia FDIC Taxes 132

Fintech Labs Insights

NOVEMBER 10, 2023

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. The post Top 63 Online Digital Banks for U.S.

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

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.

Fintech 236

Fintech Innovation Digital Banking FDIC 236

CFPB Monitor

OCTOBER 22, 2020

” It also requires the Bureau to consult with the Fed, OCC, FDIC, and FTC to ensure, to the extent appropriate, that any rule implementing Section 1033 imposes substantively similar requirements on covered persons, takes into account conditions under which covered persons do business both in the U.S.

Data 78

Data FDIC Digital Banking Compliance 78

PYMNTS

AUGUST 7, 2019

Increasingly, FinTechs are targeting corporate and small business banking friction, and exploring how open banking frameworks — including the use of application programming interfaces (APIs) and collaboration with traditional financial institutions — can achieve the disruption they’re looking for. On The Open Banking Path.

Fintech 181

Fintech Strategy Resources Payments 181

PYMNTS

JULY 11, 2019

And, according to the announcement, N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. million customers in 24 markets in Europe. also looks to debut Metal — a premium tier account — to U.S. customers “shortly thereafter.” N26 has reportedly reached 3.5

Mobile 121

Mobile US United States FDIC 121

Gonzobanker

MARCH 22, 2023

“Bank confidence is a fragile reed, and a troubled bank is damaged by any rumors, true or not.” Irvine Sprague, Former FDIC Director So Gonzo Bankers … how many of us have been hesitant lately to check our iPhone each morning to see what trouble may have hit the fan in the financial world during a few restless hours of slumber?

social media 78

social media Capital Risk Management Strategy 78

PYMNTS

NOVEMBER 1, 2018

And that is a bank – one with FDIC insurance and safeguards that keep their money safe. 93 percent had a bank account. And that marketing should build on the inherent advantages of legacy financial institutions. Banks have that base of trust, and the ability to engage with customers,” Oosthuizen added.

Fintech 191

Fintech UX Mobile FDIC 191

MyBankTracker

AUGUST 5, 2020

PSECU is a Pennsylvania-based credit union with a digital-first approach that allows it to provide attractive products and services – rivaling the best on the market. And PSECU offers a long list of products that can rival the best on the market. The most notable are: Founder’s Rewards Card. cash rewards (minimum 1.5%

Pennsylvania 52

Pennsylvania ATM FDIC Cards 52

PYMNTS

MARCH 18, 2019

According to the Federal Deposit Insurance Corporation (FDIC), the percentage of unbanked Americans fell to its lowest level since the 2007-2009 financial crisis. She added that the annual $60 cost for the new accounts compares with charges of $200 to $500 per year at check cashing and money order service providers. In 2017, 6.5 million U.S.

America 175

America Survey FDIC System 175

PYMNTS

APRIL 27, 2016

Goldman Sachs has officially entered the world of online retail banking. On Tuesday (April 26), various media outlets reported that the investment bank is expanding its customer base with the launch of its own FDIC-insured, Internet-based savings bank called GS Bank.

Retail 100

Retail Online FDIC Software 100

MyBankTracker

NOVEMBER 19, 2020

They may be missing out given that CIT Bank is quietly offering some very attractive products that have competitive deposit rates and very low fees. Here’s an overview of CIT Bank’s most notable offerings and how it may be a better bank for your money. CIT Bank Savings Builder. CIT Bank Money Market Account.

Banking 2020 52

Banking 2020 ATM Online Marketing 52

PYMNTS

JULY 16, 2018

Citizens Rolls Out Digital Bank. Citizens Financial Group officially announced the launch of its nationwide, direct-to-consumer digital bank earlier this week: Citizens Access. The Citizen Access digital bank will also be marketed separately from Citizens’ current branch footprint.

Cards 100

Cards Data Digital Banking Retail 100

PYMNTS

OCTOBER 29, 2018

For instance, it’s turning tokenized browser-based credentials into a more streamlined way of transacting digitally when landing on a merchant site. There’s a big available market with a lot of room to grow that pie – after all, Amazon “only” has about 50 percent of the online commerce market , and the U.S.

Payments 196

Payments Google Apple Innovation 196

Fintech Labs Insights

MAY 2, 2023

Below is our curated list of the best global banking tech events, conferences and trade shows in 2023. These are the largest events in the financial services industry geared towards banking technologists, program managers, marketers, developers and C-Suite execs at both legacy financial institutions and upstart banktech and fintech firms.

Las Vegas 12

Las Vegas San Francisco San Diego Conference 12

PYMNTS

JANUARY 21, 2020

Payments processing and digital banking tech firm i2c has partnered with business payment services provider CashFlows to benefit payment card issuers across Europe, i2c announced on Tuesday (Jan. The partnership enabled Evolve to offer its FinTech clients a way to develop customized banking and payment products.

Cards 131

Cards Payments FDIC Digital Banking 131

PYMNTS

JANUARY 22, 2020

Payments processing and digital banking tech firm i2c has partnered with business payment services provider CashFlows to benefit payment card issuers across Europe, i2c announced on Wednesday (Jan. The partnership enabled Evolve to offer its FinTech clients a way to develop customized banking and payment products.

Cards 130

Cards Payments FDIC Digital Banking 130

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. Bottom line : There’s much to learn from Clarity’s marketing messages, value proposition, and mobile-first build.

FDIC 12

FDIC Mobile Apple Google 12

Celent Banking

FEBRUARY 26, 2015

Controversy around the wisdom (or not) of investing in the branch channel amidst rapidly growing digital banking adoption is showing no signs of letting up. Consider three articles published in the past week: Bank Innovation covering Associated Bank branch closures to fund digital channel initiatives.

FDIC 100

FDIC Retail Digital Banking User Experience 100