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 28, 2020

Banks' embrace of FinTech is often driven by consumers' growing demand for a more seamless and unified experience. Increasingly, treasurers are seeking intelligent solutions augmented by artificial intelligence (AI) and machine learning (ML) — and banks are turning outward to meet those needs. HighRadius & Commerce Bank.

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Fintech Tools Groups Management 204

PYMNTS

JUNE 13, 2019

Digital bank Monzo, based in the United Kingdom, is crossing the pond. banking license, Blomfield told the newswire, coming into the U.S. through a partnership with Sutton Bank, which is in turn based in Ohio. s FinTech-friendly regulatory environment.”. Reuters reports that the company has reached U.S.

Digital Banking 119

Digital Banking Los Angeles San Francisco US 119

Chris Skinner

JUNE 30, 2016

I was piqued by Victor Matarranz’s [SEVP Head of Group Strategy and Chairman’s Office, Banco Santander] presentation at MoneyConf last week, mainly because he began by talking about Fintech 1.0 versus Fintech 2.0. Fintech 1.0

Fintech 292

Fintech Maine Strategy Groups 292

Chris Skinner

MARCH 5, 2019

I’ve talked a little about TechFin in the past but, in my presentations, I talk more and more about TechFin versus FinTech. FinTech is doing what we’ve always done, cheaper and faster and better with technology. It’s a … The post Are banks customer focused? appeared first on Chris Skinner's blog.

Fintech 391

Fintech Technology Digital Banking 391

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service providers, creating a logistical nightmare for financial institutions (FIs) that still rely on manual and outdated customer onboarding workflows.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

NOVEMBER 9, 2020

"We are very pleased with how quickly we were able to stand up this partnership despite the unexpected challenges presented by COVID-19 from March through September.". Digital banking was a key driver for Bottomline Technologies during the quarter, too, CEO Rob Eberle said during the firm's earnings call , also on Thursday.

Innovation 255

Innovation Fintech Payments Mobile 255

CB Insights

SEPTEMBER 1, 2020

CB Insights has unveiled the third annual Fintech 250 — a list of 250 of the top private fintech companies using technology to transform financial services. The 2020 Fintech 250 cohort has raised approximately $49.2B 25+ winners will be presenting at our upcoming fully virtual Future of Fintech Conference (Nov.

Fintech 101

Fintech Company Lending Capital 101

Chris Skinner

AUGUST 13, 2019

I recently attended a FinTech conference where Henry Ma, Vice President & Chief Information Officer of WeBank, presented an update of how the bank is faring in China. This may … The post A bank that runs accounts for just 50 cents a year appeared first on Chris Skinner's blog.

Conference 403

Conference Fintech Case Study Study 403

Chris Skinner

APRIL 8, 2019

During the weekend I presented the trends on FinTech and Tech Fin, my two favourite subjects. The … The post The challenge of transforming into “Banks of the Future” (research) appeared first on Chris Skinner's blog.

Conference 368

Conference Study Trends Fintech 368

South State Correspondent

OCTOBER 26, 2023

In this article, we detail our thoughts and the trends we saw last week in Las Vegas from a banking perspective in hopes of giving you the flavor and insight from the conference without you having to walk 10 miles per day and listen to endless vendor pitches. The near-frictionless Know Your Customer (KYC) solution merits a look from banks.

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Conference Las Vegas Fraud Case Study 221

Chris Skinner

NOVEMBER 5, 2019

I attended the New Stateman’s FinTech Summit yesterday. I gave the opening speech and was followed by the indomitable Anne Boden, CEO and Founder of Starling Bank, who talked about the path to profitability.

Fintech 277

Fintech Digital Banking 277

PYMNTS

SEPTEMBER 15, 2020

Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient. The world doesn’t need another bank,” Poovala told Webster. The world needs a FinTech operating system.”.

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System Operations Fintech Taxes 258

PYMNTS

NOVEMBER 1, 2018

The ongoing struggle, supposedly existential in nature, that pits upstart, relatively young FinTech firms against arrogantly complacent banks for supremacy in this new and growing world of digital payments and commerce. Trust in Banks. It’s a bit more complicated than suggested by the CNBC article, to say the least.

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Fintech UX Mobile FDIC 191

PYMNTS

NOVEMBER 2, 2020

Nor did they know it would take years to get all of the regulatory permissions and infrastructure in place to offer cloud-based technological solutions to thousands of banks across rural India. But Agashe said digital banking has gotten a major boost from India’s demonetization push, combined with India’s Unified Payments Interface (UPI).

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Fintech ATM Community Bank Cards 210

PYMNTS

NOVEMBER 12, 2020

It may be an open road for open banking as, three years after the rollout of the second Payment Services Directive (PSD2), bank-FinTech collaborations and new initiatives unlocking bank account data continue to flourish. Visa Launches FinTech Collaboration Initiative In Europe. business customers, the FIs revealed.

Fintech 220

Fintech User Experience System Data 220

Payments Source

OCTOBER 7, 2019

Susan French, head of product at BBVA Open Platform, discussed the bank's vetting of fintech partners and how it deals with the competitive threat that their products present.

Fintech 70

Fintech Digital Banking Data Payments 70

PYMNTS

OCTOBER 22, 2020

That trend has pushed FinTechs and FIs to craft more direct financial interactions with consumers. In the great digital shift, as Purcell mused, is every app becoming a bank (and vice versa)? It is extremely difficult to succeed as a bank,” he said. Piecemeal approaches to data privacy (or in the U.S., Challenges .

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Fintech Capital Innovation Data 169

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

CB Insights

JUNE 17, 2021

The adoption of fintech apps has skyrocketed throughout the Covid-19 pandemic, spurring further growth and investor interest in this category. Fintech had one of the most successful quarters in history in Q1’21 , with record deals, funding, exits, and mega-rounds. . Big tech investment in fintech companies reached $2.2B

Google 100

Google Apple Fintech Report 100

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. Ron Shevlin and Steve Williams will present a deep dive into the report’s findings in a free webinar on Feb.

Strategy 109

Strategy Fintech Study Customer Experience 109

PYMNTS

OCTOBER 18, 2018

In search of added convenience and simplicity, banking customers are migrating to online and mobile banking interfaces, leaving in-person visits to brick-and-mortar branches behind. Around The Digital Banking World. Westpac , one of Australia’s “Big Four” FIs, for one, is rolling out new omnichannel banking offerings.

Fraud 178

Fraud social media Data Trends 178

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

PYMNTS

SEPTEMBER 23, 2020

Piatt said card-present transactions have fallen by as much as 20 percent during the pandemic, but card-not-present transactions have bounced up by 40 percent. Recreating The Card For A Digital-First World . Simple: Start with the cards.

Cards 283

Cards Meeting Mobile Digital Strategies 283

PYMNTS

JANUARY 15, 2021

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup X1 notched $12 million in a funding round headed up by Spark Capital. Plus, the Federal Reserve’s Beige Book report noted that the U.S.

Cards 152

Cards California Capital Tools 152

PYMNTS

JULY 1, 2020

The partnership has secured financing for 4,600 trade transactions through 185 banks in 48 emerging market countries. While disturbing, it presents an opportunity for FinTechs at a time when the market is ripe for banking disruption and digitization. But the trade finance gap remains.

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Marketing Washington New York Fintech 232

Gonzobanker

MARCH 28, 2024

Banks and credit unions are maturing their internal digital support capabilities. While very few are developing digital applications from the ground up, efforts are being made to better configure, customize and integrate digital platforms more at fintech speed. Choosing a new partner is no small feat.

Digital Banking 133

Digital Banking Customer Experience Strategy Exercises 133

PYMNTS

SEPTEMBER 30, 2019

We imagine if presented with an iPhone, penicillin, an automobile or just a ballpoint pen, even the original scribe would have been forced to concede that exciting innovations might be coming up on humanity’s horizon in the intervening 30 centuries. 30), the card network announced just such a FinTech partnership. So today (Sept.

Marketing 211

Marketing Fintech Cards Branding 211

Chris Skinner

JUNE 20, 2017

Anyways, one little moment stood out enough for me to blog about, and it was the presentation from Capco’s FinTech lead Jeff Tijssen. He did, so here’s his presentation deck. The post 12 reasons why banks don’t innovate appeared first on Chris Skinner's blog.

Innovation 407

Innovation Conference Regulation Fintech 407

PYMNTS

JULY 1, 2020

The partnership has secured financing for 4,600 trade transactions through 185 banks in 48 emerging market countries. While disturbing, it presents an opportunity for FinTechs at a time when the market is ripe for banking disruption and digitization. But the trade finance gap remains.

Marketing 193

Marketing Washington New York Fintech 193

Gonzobanker

FEBRUARY 1, 2023

While AOBA provides a fertile forum for buyers and potential sellers in the bank M&A space to commensurate, the crowd uses this valuable face time to also delve into discussions about the economy, strategic growth, fintech innovation, competition, and talent wars.

Arizona 144

Arizona Kansas City Industry Phoenix 144

Chris Skinner

JUNE 12, 2019

I just went through a conversation about my presentation for a forthcoming conference. … The post The logic of digital change appeared first on Chris Skinner's blog. They didn’t want to provide a prescriptive approach, and just asked what I talked about in general.

Conference 419

Conference Digital Banking Fintech 419

Chris Skinner

NOVEMBER 30, 2017

I recently presented in Miami and BBVA were kind enough to summarise what I said so … here is their summation.

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Miami Meeting Fintech Digital Banking 236

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

AUGUST 21, 2020

In fact, the majority of 2020’s new accounts have gone to megabanks and digital banks, not to community institutions. In the past 90 days, Lesher said, 51 percent of new accounts have been opened at megabanks, 18 percent at digital banks, 15 percent at regional banks and just 10 percent at credit unions and community banks.

Cards 224

Cards Mobile Community Bank Community 224

Chris Skinner

JULY 23, 2017

This week’s main blog headlines are … Why FinTech start-ups think they can beat the banks There’s an old joke about the guy who’s lost driving in the countryside who stops to ask a pedestrian how to get to the city. You will all know by now that I love the innovations in retail banking in Turkey, and Gürhan didn’t disappoint.

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Boston Bitcoin Innovation Conference 171

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.

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