PYMNTS

DECEMBER 30, 2019

Singtel and Grab are looking to consolidate their powers to create a new digital bank for the people of Singapore, they announced in a press release. Reuben Lai, Senior Managing Director with Grab Financial Group, said the core of their mission has always been to “solve everyday challenges and unlock economic potential” in the region.

Digital Banking 134

Digital Banking Groups Online Regional 134

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. Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. What is each player bringing to the race?

Digital Banking 130

Digital Banking Groups Regional Mobile 130

PYMNTS

FEBRUARY 21, 2020

Axiata Group, a Malaysian telecom firm, has been in talks with as many as 11 different partners to bid for a digital banking license in the country, according to a report by Reuters. Mohd Izzaddin Idris, the company’s deputy chief executive, said Axiata was in talks with banks as well. million).

Digital Banking 141

Digital Banking Groups Report Operations 141

PYMNTS

JANUARY 21, 2020

As it joins the competition to bring change to the financial space in Singapore, Chinese eCommerce firm Zall Smart Commerce Group said it is part of a consortium to apply for a digital wholesale banking license in the city-state, Bloomberg reported. a Japanese trading firm, are among the other group partners.

Digital Banking 101

Digital Banking Groups Capital National 101

CFPB Monitor

SEPTEMBER 6, 2022

I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She is resident in the firm’s Minneapolis office.

Groups 78

Groups Minneapolis National Lending 78

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

JULY 11, 2018

Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank. Over the last several years, direct bank deposits have grown six times faster than deposits at traditional banks as consumers have sought innovative new ways to save money,” said John Rosenfeld, president of Citizens Access.

Digital Banking 103

Digital Banking United States FDIC ATM 103

CB Insights

AUGUST 17, 2021

Chime , a digital banking platform, has raised $750M in a Series G. The round drew participation from Sequoia Capital, Tiger Global Management, General Atlantic, SoftBank Group, and Dragoneer Investment Group. HOW’S THE COMPANY PERFORMING? The company is adding hundreds of thousands of accounts per month.

Capital 78

Capital Operations California Regional 78

PYMNTS

JANUARY 19, 2021

The collaboration is part of Eedenbull’s efforts to expand globally after having secured 65 banking partnerships across Europe, according to a report. Italy’s BNL , part of BNP Paribas Group , has debuted its multi-banking solution developed in conjunction with open banking FinTech Tink , according to a press release.

Fintech 341

Fintech National Groups Tools 341

PYMNTS

NOVEMBER 19, 2019

Ant Financial Services Group might apply for a virtual banking license in Singapore. “We The Monetary Authority of Singapore is offering as many as five digital banking permits to non-banks to boost competition. and Temasek Holdings Pte’s venture capital arm on a wholesale virtual banking license, reports said.

Digital Banking 101

Digital Banking Capital Taxes Groups 101

PYMNTS

DECEMBER 11, 2020

Consumers were flocking to digital and mobile banking well before the pandemic’s onset, but social distancing and limited branch operations highly accelerated that uptake. Citizens, like most banks, has seen engagement with its digital banking tools grow as the pandemic has pushed consumers to reduce in-person interactions.

Groups 169

Groups Mobile Tools Branding 169

PYMNTS

APRIL 30, 2020

Banks must now consider how to best expand remote services and emphasize these channels once consumers can safely visit branches again. This month’s Deep Dive examines how consumers are approaching digital banking and how FIs are leveraging online and mobile channels to prevent service gaps during the pandemic.

Digital Banking 150

Digital Banking Mobile Online Millennials 150

Bobsguide

AUGUST 10, 2022

GFT has been identified as a leader in the field of digital banking by analyst firm Quadrant knowledge solutions. Cloud native digital banking solutions have set new standards in the industry. New banking entities can now be set up in as little as twelve weeks – compared to years when using legacy technology.

Digital Banking 68

Digital Banking Groups Technology Innovation 68

PYMNTS

SEPTEMBER 9, 2019

JD.com and the biggest retailer in Thailand, Central Group, have launched a financial services app called Dolfin to help connect with local banks and increase the companies’ online presence, according to a report by Reuters. The app has e-wallet capabilities, digital lending services and wealth and insurance management.

Groups 125

Groups Google Lending Online 125

PYMNTS

OCTOBER 29, 2019

Gazprombank is a financial group that’s owned by the state. Group, as well as the control of most of its voting rights. Sberbank said it wants to grow its operations and put pressure on Yandex, a rival in the space. Sberbank is going to purchase a 35 percent stake in MF Technologies, which has ownership of 58.9

Operations 101

Operations Groups Technology Marketing 101

PYMNTS

OCTOBER 29, 2019

Gazprombank is a financial group that’s owned by the state. Group, as well as the control of most of its voting rights. Sberbank said it wants to grow its operations and put pressure on Yandex, a rival in the space. Sberbank is going to purchase a 35 percent stake in MF Technologies, which has ownership of 58.9

Operations 100

Operations Groups Technology Marketing 100

FICO

JANUARY 11, 2022

Last year we published a highly successful The 11 Commandments of Digital Banking eBook that introduced the 11 commandments: Digital lift-and-shift is not a strategy! We are kicking off a series of 5 blog posts that take a deeper dive into these posts, grouping the 11 commandments into common themes. Respect the data.

Digital Banking 98

Digital Banking Customer Experience eBook UX 98

Insights on Business

FEBRUARY 13, 2019

How do banks prepare for this new reality? For Bradesco, a large Brazilian bank, NEXT is the answer. Next is a digital bank, completely disassociated from the Bradesco brand. Next has access to all of Bradesco’s ecosystem, ATMs, call center, internet banking. IBM Think LinkedIn Group. IBMFintech Twitter.

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

PYMNTS

JULY 30, 2019

One of the three licenses was granted to Rakuten International Commercial Bank, which is operated by Japanese eCommerce firm Rakuten Inc and Taiwan’s IBF Financial Holdings. A license was also granted to LINE Financial Taiwan, led by Japanese app operator LINE Group.

Trends 173

Trends Digital Banking Innovation Online 173

PYMNTS

JUNE 15, 2020

The owner of TikTok , the Chinese video sharing social network, is expanding into financial services with the family that owns OCBC Bank , the global financial services corporation headquartered in Singapore. The Lee family owns several businesses including Lee Rubber Group, which manufacturers rubber products.

Groups 268

Groups Video Digital Banking Apple 268

FICO

APRIL 7, 2022

Following the highly successful The 11 Commandments of Digital Banking eBook , we are publishing a series of 5 deeper dive blog posts that group the 11 Commandments below into common themes: Digital lift-and-shift is not a strategy! How FICO Can Help You Advance Your Digital Banking. Respect the data.

Digital Banking 52

Digital Banking Security Fraud America 52

PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. Developments From Around The World Of Digital-First Banking. billion by 2024.

Analytics 266

Analytics Fraud ATM Report 266

PYMNTS

JANUARY 18, 2021

Last week, Grab announced that its Grab Financial Group had raised $300 million in a Series A funding round led by Hanwha Asset Management and joined by K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures. Last month, Grab and Singtel announced they had received a license to set up a digital bank in Singapore.

Fintech 198

Fintech US Groups Management 198

PYMNTS

JANUARY 26, 2020

British banking unicorn Monzo is in talks with Japanese investment conglomerate SoftBank for financial assistance in its growth plans into the U.S. The digital bank is looking to raise around £100 million (nearly $ 130.6 The London-headquartered bank raised £113 million in June from the U.S. million USD) in new funding.

Los Angeles 193

Los Angeles Capital Digital Banking Fintech 193

Insights on Business

JUNE 21, 2016

Ensuring continuous operations. A case in point is Lloyds Banking Group, UK’s largest retail bank, which transformed itself by adopting DevOps. Built over a number of years, the bank’s digital platform was well-regarded and successful, but there was constant pressure to release new business functionality.

Groups 123

Groups Industry System Community 123

Bank Innovation

JULY 19, 2017

Pittsburgh-based PNC Financial Services Group is making a significant digital push this quarter, and highlighted a number of areas this is benefiting the bank’s consumer business. Here’s CEO Bill Demchak: I would tell […].

National 302

National Digital Banking Groups Company 302

Chris Skinner

NOVEMBER 29, 2018

In a final write-up on leadership, there was a fantastic presentation about the lessons DNB had learned in trying to make digital change happen.

Leadership 373

Leadership Groups Operations Digital Banking 373

Bank Innovation

MARCH 7, 2019

Before Citizens Financial Group launched its digital-only banking unit, Citizens Access, last July, a team of bankers spent months intensely analyzing how customers might interact with a digital bank with no physical presence versus a traditional bank with a large network of branches.

Branding 170

Branding How To Marketing Digital Banking 170

PYMNTS

MARCH 20, 2020

Banking giant HSBC and Cainiao Network Technology, which is a logistics arm of Alibaba Group , have announced they will offer rapid finance approvals to online merchants that use Chinese shopping site Tmall, according to reports. Eight virtual banks are starting operations this year. The competition will be keen.

Big Data 203

Big Data Lending Regional Operations 203

PYMNTS

JUNE 28, 2019

The central bank in Singapore has announced that it will issue five digital bank licenses to eligible applicants, according to a report by Reuters. . The move could significantly alter the financial landscape for the first time in 20 years, as the space is currently controlled by traditional banks. .

Digital Banking 109

Digital Banking Groups Fintech Innovation 109

PYMNTS

SEPTEMBER 28, 2020

In a statement , BNY Mellon Head of Liquidity Services George Maganas said the connectivity between the two solutions is a "natural fit, as it will enable clients to operate within one ecosystem to manage both their cash and payments while interacting with their global digital liquidity network for short-term investments via BNY Mellon.".

Fintech 204

Fintech Tools Groups Management 204

PYMNTS

JANUARY 2, 2020

Gaming company Razer is going after a Singapore digital banking license, along with China’s largest online monetary platform Ant Financial , according to reports on Wednesday (Jan. Razer FinTech will own a 60 percent majority stake Razer Youth Bank, which will be headquartered in Singapore. .

Digital Banking 130

Digital Banking Capital Google Cards 130

PYMNTS

JANUARY 27, 2020

Singapore is aiming to boost cryptocurrency firms by offering them a chance to apply for operating licenses. The move, called the Payment Services Act, will allow global cryptocurrency firms the chance to expand their operations. Among the firms gearing up to apply for licenses are Tokyo-based Liquid Group, Inc.

Regulation 151

Regulation cryptocurrency Payments Bitcoin 151

PYMNTS

FEBRUARY 26, 2020

Digital banking and payments firm i2c is partnering with next-generation commerce firm Sightline Payments to deliver cashless, mobile and omnichannel programs to over 45 gaming resorts, state lotteries, digital gaming and sports betting sites across eight states, i2c announced on Wednesday, Feb. There are more than 2.5

Oregon 232

Oregon Pennsylvania Innovation Operations 232

South State Correspondent

SEPTEMBER 30, 2022

A couple of weeks ago, we delved into the origination and operating costs of manufacturing commercial loans ( HERE ). However, if you are not, or if you want to get both more accurate and granular, then we turn to the Kohl Analytics Group , whose sole focus is to help financial institutions with profitability. Interest Cost.

Operations 361

Operations Marketing Data Analytics 361

PYMNTS

DECEMBER 11, 2020

Sheryl Sandberg, chief operations officer of Facebook, is pushing back against two antitrust lawsuits filed against the social media giant, CNBC reported on Friday (Dec. David Evans, chairman of Global Economics Group, said in a PYMNTS roundtable that competition authorities challenged just 2.8

social media 205

social media Digital Banking Groups Innovation 205

PYMNTS

JUNE 17, 2019

After financial startup Loot reportedly went into administration in May, Loot Founder Ollie Purdue is reportedly becoming a part of a digital bank being developed by RBS-owned Natwest called Bó. As for Bó, the company is operating as a distinct unit from the legacy operations of RBS and created on a technology stack that is new.

Digital Banking 101

Digital Banking Maine Report Operations 101