PYMNTS

AUGUST 6, 2020

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Airwallex Taps Deutsche Bank. In another bank-FinTech tie-up, J.P.

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Fintech Cards Technology Samsung 277

Gonzobanker

AUGUST 17, 2022

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

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Fintech Lending Software Compliance 197

PYMNTS

JUNE 3, 2020

Brick-and-mortar branches shuttered as social distancing measures were enforced, and customers subsequently turned to mobile apps or websites to fulfill their banking needs rather than risking in-person visits. Online account openings have increased 14.5 Confronting Digital Banking Reality. Forty-five percent of U.S.

Digital Banking 131

Digital Banking Mobile Tools Online 131

Bank Innovation

FEBRUARY 2, 2018

As online banking becomes more popular, countries are grappling with cybersecurity. In Denmark, the advent of digital banking also saw almost a 60% jump in card fraud, Bloomberg reported yesterday.

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Fraud Digital Banking Cards Online 246

PYMNTS

MARCH 27, 2019

Hong Kong has issued its first digital banking licenses, in a move toward strengthening the city’s financial sector, according to reports. The Hong Kong Monetary Authority (HKMA) gave the licenses to three outfits: the first went to Livi VB, a joint venture between the Bank of China (Hong Kong), JD Digits and Jardines.

Digital Banking 158

Digital Banking Fintech Customer Experience Branding 158

PYMNTS

NOVEMBER 25, 2020

In today’s top news in digital-first banking, Ukrainian financial institution UKRSIBBANK is collaborating with Sweden-based FinTech upstart Dreams, while Oportun Financial is pursuing a national bank charter with the Office of the Comptroller of the Currency (OCC). Ukrainian Bank Partners With Swedish FinTech.

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PYMNTS

JANUARY 7, 2020

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. Research companies predict for the digital lending market in Southeast Asia to more than quadruple to $110 billion in the next five years. Other companies include Razer, Grab Holdings and Ant Financial.

Digital Banking 131

Digital Banking Capital Leadership Fintech 131

Bank Innovation

APRIL 10, 2018

Long before PSD2 arrived ( the European regulation that requires banks to open their platforms to fintechs), the U.K. had already established itself as a hub in Europe for digital banks like Revolut, Monzo etc. And indeed, these digital banks are growing in popularity, at least when it comes to people knowing they exist.

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Digital Banking Regulation Fintech social media 220

PYMNTS

FEBRUARY 18, 2020

FinTech LendingClub is purchasing Radius Bancorp for $185 million in cash and stock, according to a report by CNBC. LendingClub provides personal lending online, and it wants access to funding that is more stable and not as expensive. This is the first time a FinTech has purchased an actual bank. billion in assets.

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Fintech FDIC Boston Lending 242

PYMNTS

SEPTEMBER 30, 2020

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). Capify is an online alternative lender that serves SMBs in the U.K.

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Fintech New York Capital Lending 210

PYMNTS

FEBRUARY 21, 2020

Earlier this week, a FinTech took the leap into the full spectrum of financial services, perhaps paving the way for future mashups. Upon releasing its latest earnings, LendingClub , known up until now for its personal loans delivered through its online platform, said it had struck a deal to buy Radius Bancorp.

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Digital Banking Conference Samsung Fintech 224

PYMNTS

MARCH 22, 2018

Online and mobile banking interfaces have become must-have features for financial institutions in the digital age. Fifty-five percent of Americans have a full-service banking app on their phone, and 16 percent check these apps at least once per day. Around the Digital Banking World.

Digital Banking 152

Digital Banking Report Mobile Online 152

PYMNTS

NOVEMBER 24, 2020

The conversation came against a backdrop where, as noted in a recent PYMNTS Tracker , a majority of Americans did their banking online last year. As more banking has shifted online, an increasing amount of that online activity is occurring across mobile conduits. Getting Customers Used To More Self-Service.

Digital Banking 267

Digital Banking Analytics Mobile Cards 267

Bank Innovation

APRIL 11, 2019

New data shows that consumers -- and financial institutions -- are more inclined toward greenfield digital banks. In a recent survey by Fiserv, 86% of respondents said they would consider leaving their bank, if they could not easily manage their accounts online. Additionally, 82% of respondents […].

Digital Banking 199

Digital Banking Survey Online Data 199

Jack Henry

MAY 14, 2020

Just because your financial institution (FI) has an online presence doesn’t mean it’s driving new business or making your existing clients happy. We’re at the beginning of huge transition to digital banking – for logistic and demographic reasons.

Digital Banking 92

Digital Banking Fintech Online 92

Bank Innovation

MAY 29, 2018

A lot happened in the digital banking world this month, from major events in the payments worlds like PayPal acquiring iZettle for $2.2 Here are some of the important trends that Bank Innovation pulled out of the fintech chatter […].

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PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Only two of the licenses will full digital banking licenses, while the other three will be wholesale banking licenses.

Digital Banking 130

Digital Banking Groups Regional Mobile 130

PYMNTS

SEPTEMBER 11, 2019

The push toward digital banking seems an inexorable one, with the technology and demographics acting as tailwinds, and where governments have increasingly gotten into the act of promoting digital banks (the pure-play kind) and making forays into bits and bytes, where once paper and face-to-face transactions reigned.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

MARCH 31, 2020

Tokyo, Japan’s digital banking startup Kyash has closed a $45 million Series C funding deal co-led by Greenspring Associates and Goodwater Capital, Kyash said in a statement on Sunday (March 30). FinTech venture capital fund Broadhaven Ventures; U.S. and Japanese banks Mizuho Financial Group Inc.,

Fintech 201

Fintech Capital Groups ATM 201

PYMNTS

OCTOBER 14, 2020

Head Keith Grose and Innovate Finance CEO Charlotte Crosswell told Karen Webster as part of a recent PYMNTS TV session on London’s FinTech environment, in partnership with London & Partners, the official international trade, investment and promotion agency for London. It was an obvious choice for [Plaid] to be in, honestly,” Grose said.

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Fintech Industry Innovation Charlotte 258

PYMNTS

AUGUST 4, 2020

Where once the marquee names in tech (and no shortage of FinTechs) jockeyed for primary banking services relationships, an increasing number of partnerships are now taking shape. To that end, BBVA was one of six banks that said on Monday (Aug.

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Google Digital Banking Course Branding 298

Bank Innovation

MARCH 1, 2018

According to Malauzai Software, that’s the term used for vendors that “scrape” digital banking apps on the internet to gather data and then provide that data to fintechs. Scrapegators, what’s that? In other words, they are aggregators.

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Fintech Software Digital Banking Data 276

PYMNTS

SEPTEMBER 15, 2020

Necessity being the mother of invention, consumers rapidly reset their lives around digital across the board — from working to shopping to learning to managing their financial lives online. And for financial institutions (FIs), that translates into an incredible opportunity to build better digital banking journeys for their customers.

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Fintech Idaho Apple Google 224

Gonzobanker

JULY 9, 2021

The fintech market is smokin’ hot right now. Fintech is no different. Q1 2021 was the largest funding quarter on record, according to CB Insights , with fintechs raising $22.8 Banks and fintechs are in a heated mashup and seeking niches. Fifth Third Bank is acquiring healthcare fintech Provide.

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Fintech Lending Community Payments 197

PYMNTS

SEPTEMBER 28, 2020

Saudi Arabia and the United Arab Emirates are attempting to square away increasing consumer use of online channels with their privacy and banking standards. The ongoing pandemic has caused many regulators in the MENA region to examine the digital and open banking infrastructure they have in place.

Online 151

Online Report Payments Regulation 151

PYMNTS

MAY 9, 2019

The banking regulator in Hong Kong has issued an additional four online-only banking licenses to Ping An, Alibaba, mobile phone maker Xiaomi and a joint venture (JV) consisting of Tencent, ICBC and Hillhouse Capital. Insight Fintech is a JV with Xiaomi and investment bank AMTD Group. Expect fireworks.”.

Online 171

Online Capital Regulation Fintech 171

Payments Dive

OCTOBER 18, 2019

Traditional banks in the U.S. and Europe are picking up the transition to digital banking as they face heightened competition from fintech startups and consumers become more and more comfortable with mobile apps and online sites for routine functions.

Digital Banking 320

Digital Banking Fintech Mobile Online 320

PYMNTS

OCTOBER 9, 2020

In today’s top news in digital-first banking, the government of the Philippines is considering limiting the number of digital banks that run in the country, while Ripple introduced its Line of Credit beta offering. Philippine Government Considers Digital Bank Limits. Ripple Announces Line Of Credit Offering.

Digital Banking 132

Digital Banking cryptocurrency America Meeting 132

Chris Skinner

JULY 21, 2017

The problem is that old systems and legacy technologies stop the bank moving forward into the nimble and agile future on offer today, and this is exactly what FinTech start-ups believe they can exploit as it is clearly a weakness for the large banks. Not bad for a six-year-old start-up.

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Fintech System Apple Technology 361

Bank Innovation

MARCH 9, 2017

Community banks can also play the fintech game. BankMobile — the digital bank, formerly a division of Customers Bancorp Inc. — was acquired by Flagship, a Florida-based community bank, for $175 million. “We We are no longer a partner or a division of […].

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Community Bank Community Fintech Florida 252

PYMNTS

JANUARY 13, 2021

The company, which was valued at $16 billion during a 2019 funding round, is backed by Chinese FinTech titan Ant Financial and Japanese conglomerate Softbank, Reuters said. India has until this point been a cash-based economy, where even consumers shopping online often paid in physical currency via cash on delivery (COD).

Digital Banking 156

Digital Banking Conference Lending Payments 156

Bank Innovation

MARCH 13, 2018

EXCLUSIVE - Before social media platform Facebook became a popular channel for digital banks to offer banking features to its customers, let’s not forget that FB was first and foremost an important advertising tool for banks to reach a younger audience. Take British challenger bank Starling Bank, for example.

Digital Banking 249

Digital Banking social media Tools Examples 249

Chris Skinner

NOVEMBER 6, 2018

Simon Vans-Colina, Monzo’s lead engineer for Open APIs, was talking about their approach to partnering with others in an API ecosystem, including TransferWise and Investec Bank. What was not surprising is that the lion’s … The post How online gaming created a challenger bank appeared first on Chris Skinner's blog.

Online 305

Online Digital Banking Innovation Fintech 305

PYMNTS

JUNE 13, 2019

Digital bank Monzo, based in the United Kingdom, is crossing the pond. Drilling a bit down into the details of the rollout, beginning today (June 13), would-be customers can also opt to join an online waiting list to get the aforementioned cards. s FinTech-friendly regulatory environment.”. In the U.K., In the U.S.

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Digital Banking Los Angeles San Francisco US 119

PYMNTS

AUGUST 15, 2019

Monzo , an online bank out of London, has added loans to its menu of services, the Financial Times reported on Thursday (Aug. can apply for loans as the online bank advances its efforts toward profitability. . The bank is offering loans from £200 to £15,000, following a successful test pilot last year.

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Lending Los Angeles Digital Banking San Francisco 161

Bank Innovation

JANUARY 10, 2018

EXCLUSIVE—With mobile banking services offered at the majority of financial institutions, innovating the digital space is becoming more important in the fintech ecosystem, especially for smaller players like regional banks or credit unions.

Digital Banking 276

Digital Banking Technology Regional Mobile 276

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. Matt Gallman, Drummond Community Bank.

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Community Bank Community Fintech Risk Management 159