PYMNTS

JULY 27, 2020

The strategy includes layoffs as well as strengthening commercial lending. EU Banks Prep For $26B In Q2 Loan Losses. European banks are estimating at least 23 billion euros ($26.8 New Report: Why Real-Time Settlement Can Make or Break Main Street Businesses.

Google 148

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Bobsguide

MAY 18, 2022

In fact, it was our clients who reported that one of the main impediments to effective problem resolution was the lack of awareness of each other’s efforts during remote work. To address this critical client need, we made changes and added new functionality to CompatibL Cloud.

Fintech 147

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PYMNTS

APRIL 10, 2019

As consumers flock to banking apps, succeeding in the world of digital banking is not as easy as it used to be when mobile apps emerged a decade ago. Around the Digital Banking World. China isn’t the only nation where consumers have their pick of banking options, though. About the Tracker.

Mobile 185

Mobile Digital Banking social media Strategy 185

PYMNTS

MAY 23, 2019

Digital banking is not the main element that drives consumers toward using a credit union. However, as Lumin Digital President Jeff Chambers told Karen Webster in a recent conversation, that doesn’t mean the digital banking experience isn’t critical to credit unions’ relationships with their members.

Online 123

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PYMNTS

FEBRUARY 20, 2019

While they were once seen as novelties, challenger banking institutions are further encroaching into traditional banks’ territory, adding new responsibilities and products to their portfolios, such as lending. News From the Digital Banking Landscape. In the U.K., About the Tracker.

Digital Banking 155

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Chris Skinner

APRIL 23, 2017

A summary of the main blogs of the week … Arguing with a banker … A banker and I were talking about the function of a bank. It is blockchain like, but more scalable and robust by using a network structure rather than a chain.

America 184

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PYMNTS

JULY 18, 2018

The investment bank, which has made major advances to bolster its digital investments, continued moves to bolster its increasingly important digital expansion, including its Marcus by Goldman Sachs online consumer savings and lending platform. Goldman Sachs said net income jumped $2.57 billion, compared with $1.83

Apple 100

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PYMNTS

JANUARY 18, 2017

2017 could have some big changes in store for digital banking. As the calendar turned to January, banks rolled out new ways for both commercial and corporate banking clients to conduct business by tapping the potential of several new financial innovations. Notable news from the Digital Banking space.

Data 100

Data social media Report Community Bank 100

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

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PYMNTS

JUNE 18, 2019

digital bank, has set up shop in the U.S. As Monzo CEO Tom Blomfield said in an interview with The Verge, “Initially, it will be a partnership with Sutton Bank, as we’re not a regulated bank in the U.S. banking charter. … The main thing that will be removed is lending. We’re not a bank [in the U.S.],

Fintech 108

Fintech Los Angeles San Francisco Examples 108

PYMNTS

OCTOBER 1, 2020

In the inaugural edition of the Banking As A Service Playbook: Powering The Next Generation of FinTech Innovation series, PYMNTS examines the trends and technologies that are helping banks, FinTechs and corporations capitalize on the shift to digital banking and payments. Around The BaaS World.

Payments 169

Payments Fintech Trends United States 169

PYMNTS

NOVEMBER 27, 2019

When it comes to a country such as the UAE, demographics can play a role on that — some 80 percent of the population is made up of expats, and they don’t always have the best luck in navigating the local financial, banking and regulation landscape. New Venture. The new venture, E20, is geared toward entrepreneurs and SMBs.

Fintech 167

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PYMNTS

OCTOBER 31, 2018

While acquiring customers at a quick pace has resulted in widening pre-tax loss, the bank is improving on that thanks to a reduction in the cost to acquire new customers and launching some lending. In order for the bank to make money users have to treat the Monzo account as their main bank account, noted the report.

Capital 153

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PYMNTS

NOVEMBER 23, 2020

Small and medium-sized businesses (SMBs) got their clocks cleaned by the pandemic, and turning to their traditional lending sources, they’ve encountered sclerotic systems and outdated policies not conceived for the needs of the recovering Main Street merchants of 2021.

Data 143

Data User Experience Fintech Lending 143

PYMNTS

APRIL 21, 2020

There are a whole range of forward-thinking firms leveraging application programming interfaces (APIs) to issue cards, to create virtual accounts, promote micro-lending and micro-saving and even pay workers — all in bits and bytes. “It’s As Verdon said, “it’s not just financial services businesses going into these new use cases.”

Branding 232

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PYMNTS

MAY 31, 2019

Over the last several months, the Federal Reserve has hiked up rates, which means banks follow suit, and charge more for money they lend out. Yet he contended that most of these customers will still opt to keep Chase as their main institution. Rates have risen recently, albeit off a historically low base.

Online 108

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CFPB Monitor

DECEMBER 27, 2019

Those who are supportive of the proposal argue that this improves clarity for banks, but community groups are concerned that these new target percentages will allow banks to do just enough to get the rating that they desire without putting in any effort beyond that.

FDIC 117

FDIC Community Groups Regulation 117

PYMNTS

MARCH 1, 2018

Securing bank financing for a small business (SMB) is neither fast nor easy, but the people running those SMBs need it to be both. For financial institutions (FIs), too, it’s in the bank’s best interest to move the process along. Efficiency benefits not only their SMB customers, but also the banks themselves, he said.

Data 101

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PYMNTS

APRIL 20, 2017

Just last month, Virgin Money prompted renewed talk of launching its own challenger bank that would similarly focus on small businesses. These challenger banks aren’t just disrupting the U.K.’s A new report by Burnmark is looking to make sense of an ever-crowding challenger bank ecosystem. s main street banks.

Compliance 110

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BankBazaar

JUNE 3, 2020

Considered to be a more nimble version of old-fashioned banking, neo-banks appeal to a more digital-savvy generation like millennials. In India, there are at least eight such banks among which some notable ones are Razorpay X, Niyo Solutions, Open, etc.

Regulation 127

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PYMNTS

AUGUST 12, 2020

. “In this day and age, it is very important for community financial institutions to be able to compete with their main new competitors — challenger banks and national banks — and have access to the same technology that can be deployed in weeks, not years,” said Agora Services Founder and CEO Arcady Lapiro in a statement.

North Carolina 193

North Carolina Fintech Technology Community 193

PYMNTS

DECEMBER 17, 2019

That’s one of the main messages of a new PYMNTS interview with Regio Martins, CEO and founder of nobli , which aims to enable businesses to offer more forms of collateral when seeking loans — the company’s personal loans are secured by financial collateral. FinTech Prognosis.

Fintech 136

Fintech blockchain Trends America 136

Independent Banker

JANUARY 31, 2022

—Matt Gallman, Drummond Community Bank. A recent report by Cornerstone Advisors found that bankers are either strongly interested in or already working with fintechs in three main areas: digital account opening (71%), mobile wallets (41%) and fraud/risk management (47%). Digital account opening. “You

Community Bank 159

Community Bank Community Fintech Risk Management 159

PYMNTS

APRIL 7, 2020

CIT Group is focusing on lending, too, and released a new point-of-sale lending platform and accompanying APIs that B2B merchants can use to integrate the tool into their direct sales channels. The APIs also help lenders conduct loan-related activities, such as account verification and collections management.

Groups 159

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PYMNTS

JUNE 17, 2019

In a discussion with Karen Webster, Samuel-Ogbu talked about the role of API aggregation and how incentives can help to ignite open banking, one of the main efforts now taking place in the world of payments and commerce. The discussion took place as more attention shifts to open banking. 14 deadline?

User Experience 196

User Experience Examples Innovation Cards 196

CB Insights

SEPTEMBER 10, 2020

Our recent webinar — The State of Fintech Q2 2020: Funding Rebound Reveals the Next Leg of Fintech Innovation — highlighted key fintech trends and deals from the second quarter of 2020, including the rise of embedded fintech applications and demand for digital banking services. What is the main differentiator regarding open banking?

Fintech 46

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Insights on Business

DECEMBER 27, 2017

While we have separately covered what we think will be the main trends in FinTech for 2018, here’s a selection our more popular posts from 2017. Banking on blockchain for increased trust”. We are sharing more of our personal data, and that lends itself, despite with all the security measures in place, ripe for further fraud.

Fintech 129

Fintech blockchain Fraud United States 129

PYMNTS

SEPTEMBER 7, 2018

How Digital Disbursements Are Changing Low-Dollar Lending. While 75 percent of young college-going consumers said they prefer to interact with mobile banking apps, the vast majority of student loan recipients are still paid via paper check or other legacy payment method. trillion insurance claims market.

Trends 109

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Celent Banking

NOVEMBER 30, 2015

Santander UK with Funding Circle and Union Bank with Lending Club ) to more complicated engagements where new services are plugged into a banks’ existing digital banking platform through APIs. Acquiring Fintech : The main benefit of acquisition is that these companies are largely already established.

Fintech 100

Fintech Report Innovation Trends 100

Gonzobanker

MARCH 9, 2022

Fiserv had previously been recommending Finxact as the occasional digital bank core alternative to its traditional DNA, Premier, and Cleartouch core platforms. In principle, this structure was designed to deliver faster and simpler mashups between traditional payments, savings, lending, and off-balance sheet products.

Financial Technology 134

Financial Technology Technology Fintech Community 134

William Mills

SEPTEMBER 25, 2018

They see themselves as a platform for managing digital identity, secure by biometrics. However, they see their main value as helping to improve customer experience. ^SR banks @cashoff_uk Lina Perez, Billy Leung. SME Lending for the Indian marketplace. And of course, SMB lending has been a huge focus for fintech.

Mobile 78

Mobile Customer Experience Lending Analytics 78

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. And community banks, he noted, are gearing up to be part of that coming wave — and to continue on as their members’ trusted advisors on how to best surf it.

Innovation 141

Innovation Fintech Fraud Security 141

Accenture

NOVEMBER 27, 2017

Cybersecurity remains a top industry agenda, not just as an IT issue, but as a business issue affecting the wide spectrum of the digital banking landscape. Banks and market infrastructure will need to be one step ahead of perpetrators, due to the diverse and fast-evolving nature of threats to information security.

Innovation 171

Innovation Conference Fintech blockchain 171

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.

Community Bank 91

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PYMNTS

JULY 14, 2016

Webster: What effect do you think the vote will have on the digital banking industry in the U.K. Steggall: Brexit or no Brexit, I think the shift into digital banking is becoming even more present in the U.K. I think you’re starting to even see the lending services become part of that offering.

National 100

National Strategy Fintech Regulation 100

Lex Sokolin

SEPTEMBER 19, 2019

In Europe, over $10 billion could be invested this year, doubling that of 2018 and driven by the sector’s leadership in integrated digital banking (e.g., That’s partly due to the Ant Financial outlier last year, partly due to the collapse of the P2P digital lending industry, and partly (I think) due to the rise of crypto assets (e.g.,

Fintech 40

Fintech Lending United States Data 40

Gonzobanker

MAY 30, 2017

At the recent Financial Brand Forum , the main stage sessions I saw focused more on experience and culture as customer interactions head in a digital direction. The busiest expo booths were one-off specialists like lending analytics campaign provider Intuvo and digital banking provider Alkami talking about applying data.

Analytics 71

Analytics Data System social media 71