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Digital banks, payments startups face first major test in virus

Bank Innovation

Fintech startups looking to upend how Americans do their banking are facing their first major test as interest rates fall and fearful consumers seek safety at traditional banks. mobile payments companies founded after the 2008 financial crisis, and digital banks including Chime Inc. Square Inc.

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Fintech Unfiltered: Inside HSBC Bank USA’s Lofty Innovation Strategy for 2018 [Podcast]

Bank Innovation

As a part of its retail transformation strategy, HSBC Bank USA spent over $130 million on innovation projects in one year on its U.S. The bank […]. operations.

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How Challenger Banks Are Giving Legacy Players Key Opportunities

PYMNTS

Challenger banks are beginning to offer more robust suites of services beyond the mobile apps and prepaid cards with which they started. Legacy Banks and the Innovation Game. What I think these FinTechs can do is focus on one area. The bank also works with PayPal to provide features such as instant transfer.

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FDIC Greenlights Mobile-First Fintech Varo Money for Deposit Insurance

The Financial Brand

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.

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What Legacy FIs Miss About The Need For Cloud-Based Infrastructure

PYMNTS

In the May edition of the Digital Banks And The Power Of The Cloud Tracker , PYMNTS examines how both legacy and challenger FIs are using cloud technologies to enhance their online offerings. To learn more about the outdated infrastructure struggles impacting legacy banks, visit the Tracker’s Deep Dive. About The Tracker.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

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. Staying on Top of Customer Expectations.

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FDIC Greenlights Mobile-First Fintech Varo Money for Deposit Insurance

The Financial Brand

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.

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