PYMNTS

DECEMBER 10, 2019

subsidiary of Germany’s mobile bank N26 has expanded its Perk partnerships for debit cardholders, the company said in a press release on Tuesday (Dec. One of Europe’s fastest-growing mobile banks, N26 also offers direct deposit customers the ability to get their salary up to two days early.

Digital Banking 131

Digital Banking Cards US FDIC 131

PYMNTS

MAY 26, 2016

A new report from the Federal Deposit Insurance Corporation (FDIC) shows that mobile banking can empower underserved customers to have greater control over their finances and ultimately open up access to mainstream banking. The good news is that mobile banking usage is reportedly on the rise.

Mobile 104

Mobile FDIC Survey Security 104

PYMNTS

JULY 30, 2019

In the sense that it is a bank, MoneyLion takes deposits and makes sure those deposits are FDIC insured through a backend partnership with a traditional bank, Choubey said. The platform also allows users to connect all their bank accounts and credit cards and receive personalized advice on how to better spend their money.

Digital Banking 190

Digital Banking ATM Study FDIC 190

PYMNTS

JULY 11, 2019

is launching its banking app in the United States. subsidiary of N26 GmbH, which was described in an announcement as one of the fastest growing mobile banks in Europe. And, according to the announcement, N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. The company is a U.S.

Mobile 121

Mobile US United States FDIC 121

The Financial Brand

FEBRUARY 10, 2020

Fintech's patience paying off as it nears final hurdles, setting stage for major new digital banking competitor. The post FDIC Greenlights Mobile-First Fintech Varo Money for Deposit Insurance appeared first on The Financial Brand.

FDIC 27

FDIC Mobile Fintech Digital Banking 27

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. The digital divide spans countries as well.

Digital Banking 98

Digital Banking US Online FDIC 98

FICO

APRIL 7, 2022

Following the highly successful The 11 Commandments of Digital Banking eBook , we are publishing 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! Small touches (such as an FDIC logo and lock/shield icons) can make an enormous difference.

Digital Banking 52

Digital Banking Security Fraud America 52

PYMNTS

DECEMBER 16, 2020

FIS Powers Launch Of Quontic Bank’s Bitcoin Rewards Account. FIS, the bank software and payment technology firm, unveiled a collaboration with Quontic Bank on the Bitcoin Rewards Checking Account. The rollout makes Quontic “the first FDIC insured financial institution in the U.S. Aeldra’s U.S. Goldman Sachs: Some 90 Pct.

Bitcoin 157

Bitcoin FDIC Cards California 157

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

The Financial Brand

FEBRUARY 10, 2020

Fintech's patience paying off as it nears final hurdles, setting stage for major new digital banking competitor. The post FDIC Greenlights Mobile-First Fintech Varo Money for Deposit Insurance appeared first on The Financial Brand.

FDIC 15

FDIC Mobile Fintech Digital Banking 15

PYMNTS

SEPTEMBER 4, 2019

Chime , a digital banking startup based in San Francisco, said it has reached a threshold of five million customers and plans to introduce a new overdraft initiative to help them, according to a report. The startup is an FDIC-insured mobile bank that has no physical branches and pledges to offer customers fewer fees.

San Francisco 109

San Francisco FDIC Digital Banking Mobile 109

Perficient

AUGUST 9, 2022

Financial institutions can help combat these “bank branch deserts” by investing in more customizable mobile banking platforms that include easy-to-reach customer support representatives and AI-powered chatbots that are sophisticated and multilingual.

Community 275

Community Customer Experience ATM Examples 275

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

PYMNTS

DECEMBER 16, 2020

California-based challenger bank Aeldra has chosen i2c Inc. to fuel its digital private banking services. The mobile bank, which was started by neo bank veterans, is seeking to reach affluent global clients with household incomes of over $100,000, according to a Tuesday (Dec.

United States 168

United States FDIC California Mobile 168

PYMNTS

JANUARY 7, 2021

In today’s top news in digital-first banking, California FinTech Green Dot is rolling out the GO2bank mobile banking to help cash-strapped individuals, while stimulus checks are reportedly posing challenges for some users of H&R Block and TurboTax. Green Dot Introduces GO2bank To Help Cash-Strapped Consumers.

California 142

California FDIC Regional Taxes 142

PYMNTS

JUNE 9, 2020

percent APY, an optional auto-deposit, no fees or minimums, and security as “Affirm Savings is FDIC-insured and accounts are held by our bank partner, Cross River Bank, member FDIC,” per the announcement. The Affirm Savings account comes with 1.30

FDIC 151

FDIC Millennials Google Payments 151

PYMNTS

FEBRUARY 19, 2020

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. There was a 2.2 There was a 2.2

New York 167

New York North Carolina US New York City 167

Fintech Labs Insights

APRIL 6, 2023

Case in point: Just days after the Feds took over SVB, Mercury was in market with its Mercury Vault, offering $5 million in FDIC insurance by distributing balances across 20 insured banks. Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? The post Top U.S.

Digital Banking 15

Digital Banking Online FDIC San Francisco 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

PYMNTS

APRIL 2, 2019

MOXY bank , preparing to be one of the first new community banks to launch in the U.S. in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital banking and payment services.

Community Bank 117

Community Bank Community FDIC Washington 117

PYMNTS

AUGUST 22, 2016

Which is a bit of a problem, since there are objectively fewer banks now than there were even five years ago. According to the FDIC, banking branches are at their lowest level in a decade with only 93,283 left open. Physical banks reportedly hit their peak in 2009 and have declined 6 percent since then.

FDIC 100

FDIC ATM Community Bank Digital Banking 100

American Banker

FEBRUARY 10, 2020

but it has now moved within a few steps of obtaining what has eluded fintech firms of late: a green light from banking regulators. It was Varo's second try with the Federal Deposit Insurance Corp.,

FDIC 70

FDIC Regulation Fintech National 70

Fintech Labs Insights

JUNE 26, 2023

Case in point: Just days after the Feds took over SVB, Mercury was in the market with Mercury Vault , offering $5 million in FDIC insurance by distributing balances across 20 insured banks. Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses?

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

PYMNTS

MAY 15, 2019

Safra Bank to offer its traders deposit accounts backed by the Federal Deposit Insurance Corp. FDIC) — the FDIC-insured accounts will be linked to a crypto prime dealer. “These are quite different from speculative assets like bitcoins, and more promising.”. And SFOX is partnering with New York-based M.Y.

Samsung 191

Samsung blockchain Bitcoin FDIC 191

American Banker

MAY 25, 2016

Smartphones are an important window into understanding underbanked customers, the Federal Deposit Insurance Corp. said in a report released Wednesday in conjunction with a meeting of the agency's advisory committee on economic inclusion.

FDIC 43

FDIC Mobile Meeting Report 43

PYMNTS

SEPTEMBER 18, 2020

That’s especially true when looking at Chime’s model, which, though underpinned by some significant tailwinds wrought by the pandemic, rests on debit and prepaid cards, and on user interfaces … and, for would-be investors anticipating an IPO, an implied bet that challenger banks will dislodge incumbents. billion, as CNBC reported.

Los Angeles 231

Los Angeles UX Cards FDIC 231

PYMNTS

AUGUST 17, 2017

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Inspiration in Mobile Apps.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

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. 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

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. Consider a recent PYMNTS interview with Gerhard Oosthuizen, chief technology officer for Entersekt , a South Africa-based FinTech firm that focuses on mobile authentication and app security software.

Fintech 191

Fintech UX Mobile FDIC 191

PYMNTS

MARCH 18, 2019

The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 The accounts come with debit cards, digital payments and free check cashing, but do not allow overdrafts.”. The percentage of unbanked people in the U.S. households remain unbanked. In 2017, 6.5

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

PYMNTS

SEPTEMBER 18, 2020

That’s especially true when looking at Chime’s model, which, though underpinned by some significant tailwinds wrought by the pandemic, rests on debit and prepaid cards, and on user interfaces … and, for would-be investors anticipating an IPO, an implied bet that challenger banks will dislodge incumbents. billion, as CNBC reported.

Los Angeles 140

Los Angeles UX Cards FDIC 140

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. Joint owners are not eligible.) Deposit Insurance.

Pennsylvania 52

Pennsylvania ATM FDIC Cards 52

American Banker

MAY 9, 2016

’s request for input on mobile financial services allows banks to promote how their mobile app helps the underserved, which is a plus when seeking merger approval. The Federal Deposit Insurance Corp.’s

FDIC 28

FDIC Mobile Community Bank Digital Banking 28

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. Vio, an online bank, has an account that pays 2.42 Credit Karma said it is using technology to give people the best APYs.

West Virginia 132

West Virginia Virginia FDIC Taxes 132

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. To open an account, potential customers need a mobile device or computer and about five minutes.

Cards 100

Cards Data Digital Banking Retail 100