Bank Innovation

OCTOBER 18, 2018

Banks need not fear large technology companies like Google or Apple taking their business. Digital banking continues to be the most convenient option for simple daily transactions, but branches are still necessary for the more complex ones And yet banks should not ignore the shift in banking habits brought on by non-bank technology companies.

Google 225

Google Apple Survey Digital Banking 225

Gonzobanker

FEBRUARY 19, 2020

Fintechs can provide better design capabilities, improved customer experience, research states. Financial institutions are making fintech partnerships a key priority in 2020, according to a new study from Cornerstone Advisors. These numbers represent an increase from 49% and 60%, respectively, in 2019. Register here.

Strategy 123

Strategy Fintech Study Customer Experience 123

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. What financial institutions need to compete with fintech threat disrupters. As FinTech funding rises to new record levels – $131.5 Taking the FinTech Threat Seriously: What Should Banks Be Doing to Compete? banks collected $15.47

Fintech 52

Fintech Millennials Lending Tools 52

CB Insights

JULY 11, 2019

get the building the bank of the future report. Download the free report to find out about the rise of digital banking, challenger bank strategies and how incumbents are fighting back. Household debt is accelerating. Want the full expert post? Become a CB Insights customer. If you’re already a customer, log in here.

Lending 33

Lending Fintech Survey US 33

PYMNTS

JUNE 9, 2020

Right now, at least as found recently in the PYMNTS/PSCU collaboration , “Credit Union Innovation Playbook: Challenger Banks Edition,” CUs face some competitive pressures. . As the survey of more than 4,000 CU members, CU leaders and FinTech executives showed, 41.4 CUs acquire an account opening platform. Leveraging CU Assets.

Digital Banking 133

Digital Banking Millennials Lending Marketing 133

Independent Banker

AUGUST 31, 2021

of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation.

Community Bank 170

Community Bank Community Lending Leadership 170

PYMNTS

OCTOBER 31, 2019

Credit unions (CUs) have followed banks’ digital banking lead, churning out platforms, services and mobile apps for consumers to use speedy, convenient online services. Only 15 percent of surveyed CU executives expected the same.

Innovation 101

Innovation Survey Lending Technology 101

PYMNTS

APRIL 2, 2018

Consumers demand easy, digital banking, but this pressure for banks to deliver is also coming from corporate clients. Take mobile banking, which has propelled the introduction of mobile-only banks to meet demand for better services on smaller screens.

blockchain 171

blockchain Lending User Experience Mobile 171

PYMNTS

SEPTEMBER 23, 2020

The San Francisco-based digital mortgage and loan platform on Wednesday (Sept. 23) announced its expansion into consumer banking to include personal loans and credit cards. based early growth, FinTech-focused venture capital firm. The round brought the company’s value to nearly $1.7

San Francisco 180

San Francisco Washington Survey Data 180

PYMNTS

JANUARY 23, 2020

Even recently commissioned a survey showing that 65 percent of Americans don’t plan ahead financially, and only a fifth of respondents said they have six months of living expenses in savings. Other Even benefits include customized budgeting, spend notifications and early access to paychecks with no interest or transaction fees.

Survey 131

Survey System Lending Technology 131

Gonzobanker

OCTOBER 5, 2022

Bankers are obsessed with discovering the “secrets” of getting consumers to change banks, while market researchers feed that obsession with survey data that purports to reveal those secrets. Sadly, bankers are barking up the wrong tree, and most surveys do little to help those bankers understand consumers’ real behaviors and attitudes.

Survey 78

Survey Mobile ATM Cards 78

Gonzobanker

OCTOBER 5, 2022

Bankers are obsessed with discovering the “secrets” of getting consumers to change banks, while market researchers feed that obsession with survey data that purports to reveal those secrets. Sadly, bankers are barking up the wrong tree, and most surveys do little to help those bankers understand consumers’ real behaviors and attitudes.

Survey 78

Survey Mobile ATM Cards 78

PYMNTS

JUNE 6, 2016

New data on the struggles facing small business borrowers — from frustration surrounding the rejection of a bank loan to unexpected, sky-high APRs linked to alternative financing — means banks have a long way to go to fill in the gaps for entrepreneurs when it comes to their cash management, payments and expansion needs.

Survey 100

Survey Lending Data Analysis 100

Gonzobanker

MARCH 25, 2020

Here are examples of where normal will be redefined: Digital Banking. Most of the customer correspondence we’re seeing from financial institutions emphasizes that although branches are partially or completely closed, customers can do most of what they need digitally or via drive-up ATMs or tellers. Digital Lending.

San Francisco 134

San Francisco Phoenix Meeting Training 134

PYMNTS

APRIL 1, 2019

At the end of the day, he noted, trust is the critical element at credit unions, and the main differentiator between credit union customers and other banking customers. According to this survey of credit union customers, an overwhelming 81.3 That is, if they choose the right FinTech. For example, 49.1

Innovation 141

Innovation Fintech Fraud Security 141

Independent Banker

DECEMBER 31, 2022

Payments account for up to 30% of bank revenue, and that income stream is under attack. CB Insights revealed that Q3 2022 fintech investments in payments continue to dominate financial services, with early-stage deals reaching a record high even as overall funding begins to cool. billion-asset Bank of Tampa in Tampa, Fla.

Trends 140

Trends Payments Community Bank Texas 140

FICO

JUNE 20, 2019

A recent survey by analytics software firm FICO has revealed that three in five (60%) banks in Asia Pacific have yet to offer a full digital account opening process for new customers, despite recent reports that nearly 9 in 10 financial institutions in the region embarked on digital transformation. by FICO.

Survey 40

Survey Digital Banking Regulation Regional 40

FICO

JUNE 20, 2019

A recent survey by analytics software firm FICO has revealed that three in five (60%) banks in Asia Pacific have yet to offer a full digital account opening process for new customers, despite recent reports that nearly 9 in 10 financial institutions in the region embarked on digital transformation.

Survey 40

Survey Digital Banking Regulation Regional 40

PYMNTS

APRIL 30, 2018

Fifty-two percent of SMBs predict business payments will be digital within the next five years , said Bank of America, while mobile phones are used by nearly all small business owners today – 89 percent say they use smartphones and other mobile devices to manage their business and operations like basic tasks, digital banking and digital payments.

Taxes 144

Taxes America National Community 144

CB Insights

AUGUST 26, 2021

Many of these edtech companies digitize traditionally in-person services like tutoring or test prep — a use case that accelerated tremendously during the pandemic. . The fintech sector represents the second-most frequent investment target for SoftBank in 2021, with 26 fintech companies garnering deals. . Digital banking.

Regional 94

Regional Fintech Analysis Company 94

PYMNTS

NOVEMBER 24, 2020

South African digital identity firm Entersekt is partnering with African FinTech Cellulant to bring enhanced cybersecurity to mobile banking and digital payments. . Banking app security was especially problematic, according to the statement. PYMNTS research last week showed that people are 8.7

Digital Banking 145

Digital Banking Security User Experience Fraud 145

PYMNTS

AUGUST 27, 2019

A new survey of 34 banks in Switzerland showed that only about 50 percent of the population bank online, according to a report by Reuters. . The survey was conducted by the Swiss National Bank (SNB) and released on Tuesday (Aug. Overall, the banks have not yet reached their digitalization targets,” the SNB said.

Survey 129

Survey Online National Lending 129

Independent Banker

DECEMBER 31, 2022

So we’re careful when we lend out commercial real estate loans. West: We have a major initiative to significantly improve our digital delivery system. On the heels of that, we’re going to build a new digital banking platform and data warehouse. It’s a major undertaking for a bank of our size. Colleen Morrison.

Community Bank 91

Community Bank Community Tampa North Carolina 91

PYMNTS

JULY 20, 2017

New players on the digital banking scene are hoping to change the game by looking to industries that are categorically unlike banks for inspiration. Over the past few years, dozens of so-called digital-only “challenger” banks have emerged on the financial scene, ready to compete with larger more traditional banks.

Digital Banking 128

Digital Banking Video Mobile Survey 128

PYMNTS

MARCH 9, 2020

It’s a fair question today, particularly as we observe the blurring of the lines between traditional banks, Big Tech and FinTechs — and as we contemplate the impact that the blurring of the digital and physical worlds has on consumers’ expectations and customer service paradigms. Seven percent (7.4) percent) or PayPal (3.2

How To 232

How To Millennials ATM Fintech 232

CB Insights

FEBRUARY 13, 2020

In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. Business lending and corporate cards. Most recently, Stripe has launched a Corporate Card and a Lending product geared towards small businesses.

Online 98

Online Company Retail Payments 98

Independent Banker

FEBRUARY 28, 2023

More and more community banks offering wealth management now provide these services, not as a substitute for in-person meetings, but rather as a supplement. a fintech that provides a digital communications platform for community financial institutions. They are following a trend across the wealth management sector.

Community Bank 91

Community Bank Video Community Meeting 91

Lars Markull

JUNE 28, 2020

Although this sounds great, there is a catch – the data generated by these actions resides in certain platforms such as banks, stock brokerages, accounting software, and so on. Given the rapid rise of fintech and financial services, there is massive demand for this data with only limited supply. Google, Facebook etc.).

Fintech 52

Fintech Data Security Policies 52

Lars Markull

JUNE 28, 2020

Although this sounds great, there is a catch – the data generated by these actions resides in certain platforms such as banks, stock brokerages, accounting software, and so on. Given the rapid rise of fintech and financial services, there is massive demand for this data with only limited supply. Google, Facebook etc.).

Fintech 59

Fintech Data Security Policies 59

Gonzobanker

DECEMBER 19, 2022

In 2021, there were more than 120 fintech IPOs in the U.S., 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. 1 issue raised by CEOs in our surveys, bankers had to craft a new and compelling post-Covid value proposition to attract it. What a year.

Community 216

Community Fintech Industry Innovation 216

ABA Community Banking

OCTOBER 1, 2020

Business conditions were most often called the single biggest challenge facing community banks, according to an annual survey released yesterday by the Conference of State Bank Supervisors. The post For Community Banks, COVID-19 Brings Existential Concerns to Fore appeared first on ABA Banking Journal.

Community Bank 80

Community Bank Community Survey Conference 80

PYMNTS

DECEMBER 6, 2018

One of the biggest ways FinTech firms have been able to gain a competitive edge on traditional banks, for small business (SMB) customers, is through relationship-building. Banks are shuttering their physical branch locations at the fastest pace in years, according to The Wall Street Journal ( WSJ ). percent — during the month).

Training 161

Training Fintech Lending Customer Experience 161

Gonzobanker

DECEMBER 22, 2015

It’s been almost 20 years since the IPO but this team keeps delivering growth and outstanding financial performance while keeping the values of the hometown bank that started it all. Calling all bank and credit union execs! Take the survey today and find out how your concerns compare with others in the industry. Bravo OZRK!

Community Bank 60

Community Bank Apple Community Technology 60