PYMNTS

SEPTEMBER 3, 2018

The latest global FinTech collaboration ties together Singapore and Dubai in a deal designed to encourage innovation in digital payments, online and mobile commerce, and related areas. The agreement … sets out a process to share and use information on innovation in their respective markets.”. According to U.K.-based

Fintech 111

Fintech Trends Innovation Groups 111

PYMNTS

JUNE 3, 2020

during the past two months, for example, and mobile banking app downloads saw a 60 percent jump. The virus’s impact has not been solely responsible for this rush to digital, but it has given the trend a push. Confronting Digital Banking Reality. Online account openings have increased 14.5 Forty-five percent of U.S.

Digital Banking 131

Digital Banking Mobile Tools Online 131

PYMNTS

DECEMBER 27, 2019

Early innovators managed cooperatives using the same founding principle that CUs use today: members-first finance in place of indifferent, legacy-style banking. Specifically, the metamorphic impact of mobile open banking and instant payments has been the first real test of the trust bond that holds CUs together.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

MARCH 6, 2020

FinTechs are helping banks focus on the customer experience through accounts payable (AP) automation. told PYMNTS in an interview that banks foundationally value “the relationship they have with the customer” and “they understand the customer.” The core competency of banks is to loan money and move money forward to customers.

Customer Experience 251

Customer Experience Fintech United States Fraud 251

PYMNTS

MAY 16, 2018

From artificial intelligence to blockchain to new mobile app features and offerings, banks and financial institutions are investing more in innovations to give customers a better experience and gain an edge over their competition. Around the Digital Banking World . Building a Responsible AI Roadmap. contact-form-7]. .

Trends 118

Trends Digital Banking Mobile blockchain 118

PYMNTS

JULY 1, 2019

Smaller banks and credit unions enjoy a reputation of offering more personalized services than large financial institutions (FIs). When it comes to technological innovation, however, the smaller players have long been outgunned by larger FIs and their sizable IT budgets. percent) and large banks (23.8 percent in 2017.

Innovation 157

Innovation Innovation Strategies Survey Groups 157

PYMNTS

JANUARY 31, 2020

However, the most intriguing development in the Open Banking world is not the impact of these two regulations inside of Europe, but outside of it. Other regulators in Australia, India and Singapore are examining financial innovation rules of their own, using GDPR and PSD2 as guidelines. Open Banking And The Race To Enter Singapore.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

FEBRUARY 28, 2019

Amid that trend, Zayas said bigger banks would license a FinTech’s code and then take it apart to fit their environment. The advantage, in that case, is that someone else did all the development work – but the banks still had to configure, install and support these customized applications.

Fintech 176

Fintech Technology Resources Software 176

PYMNTS

OCTOBER 22, 2020

And with a nod toward capital market innovation, Bergeron predicted “a lot of money will run to them until there’s too much money in them.”. Beyond the investment vehicles themselves, the secular and organic trends do indeed point toward growth, with an underpinning of technology that is moving companies into the digital age.

Fintech 169

Fintech Capital Innovation Data 169

PYMNTS

OCTOBER 16, 2020

It’s been another busy week in the world of payments and commerce, with the expansion of installment point of sale (POS) credit and digital banking. banking license. I think that this just-in-time credit is going to be growing … and it’s going to take, share from cards and take share from banks. banking license.

Report 176

Report San Francisco Payments Digital Banking 176

PYMNTS

FEBRUARY 26, 2020

In the February Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including new co llaborations between CUs and FinTech firms, initiatives to appeal to Generation Z and how CUs are working to protect against the ongoing threat of data breaches. million CU members. Developments From Around The World Of Credit Unions.

Nevada 192

Nevada Security Innovation Data 192

The Financial Brand

JANUARY 20, 2022

Some, like Banking-as-a-Service are widely known. Not all trends will have equal impact. The post 9 Misunderstood Fintech Trends Impacting Retail Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Others, like embedded finance and DeFi are emerging.

Trends 43

Trends Retail Fintech Banking Trends 43

The Financial Brand

JULY 11, 2021

Banks and credit unions should view trends in the fintech space to determine where threats and opportunities exist and where resources should be deployed. The post 8 Fintech Trends Changing Banking Forever appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Trends 43

Trends Fintech Banking Trends Analysis 43

PYMNTS

SEPTEMBER 8, 2020

In the mad dash for small firms to secure capital, many sought their PPP loans from banks other than their usual financial service providers, creating a logistical nightmare for financial institutions (FIs) that still rely on manual and outdated customer onboarding workflows. On Tuesday (Sept.

Fintech 198

Fintech Compliance Fraud social media 198

PYMNTS

DECEMBER 17, 2019

One of the biggest tests for FinTech in the coming years is how well it can serve businesses that don’t have easy or efficient access to credit. FinTech Sandbox. Evidence of that comes from the nobli origin story — nobli is a concept incubated by LIFTlab, the innovation hub within the Central Bank of Brazil.

Fintech 136

Fintech blockchain Trends America 136

PYMNTS

JANUARY 28, 2020

It’s not that banks don’t want to go more digital and mobile, he said. The problem often stems from the environment in which they are operating — one that can put the brakes on innovation, even when innovation is key to thriving. Expectations for digital services aren’t being shaped by our industry,” Owens told PYMNTS.

Fintech 169

Fintech Digital Strategies Mobile Resources 169

CB Insights

SEPTEMBER 10, 2020

After a difficult first quarter, fintech funding rebounded in a big way in Q2’20. Free Download: State of Fintech q2’20. Fintech funding rebounded in Q2’20 but deal activity continues to fall. Below, we answer some of our readers’ most pressing questions from the webinar on the state of fintech. First name.

Fintech 46

Fintech Innovation Lending Regional 46

The Financial Brand

JULY 5, 2021

The post Consumers Funding Construction Loans in Innovative Fintech Model appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Online platform brings upscale retail investment funding to smaller markets, providing housing and related construction credit opportunities.

Innovation 35

Innovation Fintech Banking Trends Analysis 35

PYMNTS

JULY 18, 2019

Depending on where you look, the chasm yawns wide when it comes to innovating with new technologies or features. In a PYMNTS interview with Karen Webster, Joe DeRosa, EVP of Global Sales at i2c , discussed the findings of the July 2019 Innovation Readiness Playbook , subtitled “Leveling the Playing Field for Different-Sized FIs.”

Innovation 155

Innovation Study Technology Millennials 155

PYMNTS

DECEMBER 28, 2020

Many CUs have since leaned into these efforts with digital innovations aimed at a range of issues, such as tackling fraud or enhancing members’ remote banking access. Houston-based First Service Credit Union has selected a third-party provider’s digital banking suite to enhance its members’ online access to financial services.

North Carolina 197

North Carolina Houston Fraud Innovation 197

PYMNTS

DECEMBER 3, 2020

For all of the innovation that's occurred in the banking landscape, it's often consumers – not corporates – that benefit from the latest technologies. Even friction within the corporate customer onboarding process can threaten a bank's ability to adequately service a business, according to Dux. The Drive To Upgrade.

User Experience 264

User Experience Fintech Innovation Technology 264

PYMNTS

JULY 22, 2020

In the July Digital-First Banking Tracker® , PYMNTS explores the latest in the world of digital-first banking, including the long-lasting effects brought on by the pandemic, the shifting attitudes surrounding ATM use, and how the digital banking development field is reaping dividends from the financial industry’s sea change.

ATM 225

ATM Digital Banking Alabama Study 225

Accenture

MARCH 23, 2017

I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. Right now, compared with Fintech, RegTech has low investment for the size of spend. Lessons can be learnt from how banks partnered with Fintechs. Now—what does RegTech mean? 1] [link]. [2]

Regulation 150

Regulation Industry Trends Compliance 150

Accenture

MARCH 23, 2017

I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. Right now, compared with Fintech, RegTech has low investment for the size of spend. Lessons can be learnt from how banks partnered with Fintechs. Now—what does RegTech mean? 1] [link]. [2]

Regulation 150

Regulation Industry Trends Compliance 150

PYMNTS

JULY 2, 2019

In South Korea, Woori Bank said this past week that it has debuted an online platform geared toward FinTech startup entrepreneurs and engineers who develop digital services, according to The Korea Times. These FinTech service offerings can span money transfers and cross-border transactions through the WiBee Bank platform.

Fintech 134

Fintech Innovation Resources Cards 134

PYMNTS

APRIL 19, 2017

TO DOWNLOAD THE APRIL EDITION OF THE PYMNTS DIGITAL BANKING TRACKER™, CLICK THE BUTTON BELOW. . . The PYMNTS Digital Banking Tracker™ brings you the latest news, research and expert commentary from the FinTech and consumer banking space, along with the rankings of over 160 companies serving or powering the digital banking sector.

Digital Banking 180

Digital Banking Technology Samsung Meeting 180

PYMNTS

AUGUST 24, 2020

Solutions such as Kubernetes and other containers — products that allow banks to more easily categorize, store and scale software and applications on the cloud — could therefore play crucial roles in banking’s digital future. Around The Cloud Banking World. Holvi On The Push To Kubernetes-Supported Banking.

Digital Banking 226

Digital Banking Software System Innovation 226

PYMNTS

OCTOBER 1, 2020

The flexibility, speed and convenience that characterizes consumer payments is steadily making inroads into the business world, however, thanks to the rise of the Banking-as-a-Service (BaaS) model. For more about these and other stories, visit the Playbook’s News & Trends. Around The BaaS World. This may help explain why most U.S.

Payments 169

Payments Fintech Trends United States 169

PYMNTS

AUGUST 30, 2020

The pair-up will also help to downplay manual processes which typically take up more time, which has been the trend during the COVID-19 pandemic as businesses struggle to keep up their speed while working from home. Rich Longo , president of NXTsoft’s Omni Platform, said the partnership was looking to the future.

Payments 273

Payments Trends Tools Digital Banking 273

Gonzobanker

FEBRUARY 26, 2019

Luckily for the banks, there are many more of the latter than the former.” – Bank Innovation. Recent fintech deals across digital, lending, payments and infrastructure are telling a big story. So here’s the follow-the-money skinny on recent fintech deals—and what it says about what’s likely to come next.

Fintech 104

Fintech Analytics Lending Case Study 104

PYMNTS

NOVEMBER 19, 2019

Banks are, however, revamping their approaches to these technologies on how they may be applied outside of their typical use cases, fending off cybercriminals who have a growing number of opportunities to access online banking platforms and customer data. Around The Digital Banking World. institution Barclays found.

Fraud 109

Fraud Digital Banking Innovation Data 109

PYMNTS

MAY 29, 2020

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. For more on these and other stories, visit the Trackers News & Trends. Why Cloud Computing Is Critical To Banking Innovation.

Digital Banking 230

Digital Banking Innovation Online Technology 230

PYMNTS

MAY 28, 2020

The global financial space has been severely impacted by the ongoing COVID-19 pandemic, with social distancing and stay-at-home guidelines preventing customers from visiting bank branches to access the services they need. Developments From Around The World Of Digital-First Banking. About The Tracker.

Community Bank 176

Community Bank Community Security Digital Banking 176

PYMNTS

FEBRUARY 21, 2018

In the February edition of the Digital Banking Tracker , a Feedzai Collaboration, PYMNTS explores the latest developments surrounding AI and machine learning in the financial services space. Around the Digital Banking world. Can AI help consumers become smarter spenders? Several industry players seem to think so.

Digital Banking 163

Digital Banking Fintech Software Operations 163

Celent Banking

NOVEMBER 30, 2015

Fintech is booming. In 2013, according to a report by Accenture and CB Insights , total investment into Fintech was just less than $4 billion. Many are claiming the death of traditional banks, but I´m not sure these claims have merit. Banks will need to adapt to new behavioral patterns and trends in technology.

Fintech 100

Fintech Report Innovation Trends 100

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. Note: These are the rankings from 10 years ago.

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

JULY 26, 2019

Some solution providers like Ripple are introducing new ways to bypass the correspondent banking system entirely. Regardless of how, these technologies and their innovators share common goals: to accelerate and streamline cross border payments. As the pace of payments innovation accelerates, banks will face rising operational hurdles.

Innovation 160

Innovation Payments Course System 160