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Paytm, Nubank Could Soon Swing To Profit Amid Surging Demand For Digital Banking

PYMNTS

India’s Paytm and Brazil’s Nubank could soon turn the corner to profitability thanks to surging demand for digital payment services in India and Brazil amid the ongoing COVID-19 pandemic. “We I was surprised by the opportunity of monetization in 2020 during the pandemic, not just by our wealth accounts but also by lending.”. “I

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Mambu, Ranqx Partner To Enhance SMB Digital Lending

PYMNTS

Berlin's Mambu is partnering with New Zealand digital lending platform Ranqx , which will use Mambu's API-first digital banking platform to provide digital lending experiences, loan origination, decisioning and monitoring for small- to medium-sized businesses (SMBs), according to a press release.

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Credit Unions Unite Behind Digital Banking

PYMNTS

Early innovators managed cooperatives using the same founding principle that CUs use today: members-first finance in place of indifferent, legacy-style banking. But change is in the air, and it’s the intoxicating scent of digital transformation. Strong balance sheets in key areas like credit card debt ($64.4

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Today In Digital-First Banking: Volante Collaborates With Goldman Sachs Bank USA; Sezzle Forms Partnership With Ally Lending

PYMNTS

In today’s top news in digital-first banking, Volante Technologies Inc. is collaborating with Goldman Sachs Bank USA on digital transaction banking, while Sezzle has created a partnership with digital financial services company Ally Lending. Volante Technologies Inc.

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3 Tips to Head Off a Digital Banking Conversion Nightmare

Gonzobanker

It’s one of a banker’s worst nightmares: the digital banking conversion that was designed to improve the customer experience fails – locking users out of their accounts, not showing balances, making wire transfer features inaccessible… It recently happened to a $25 billion bank in the Midwest. It can change its core system.

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BBVA On Google, Digital Banking And The Rise Of The ‘Everyday App’

PYMNTS

The writing has been on the wall: PYMNTS research has found that though most people are satisfied with their in-place relationships with banks, only about 40 percent of people would be “extremely” or “very” likely to bring their banking relationships to Big Tech or FinTechs. According to Khwaja, the digital shift is here to stay.

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Singtel, Grab Team Up To Launch Digital Bank In Singapore

PYMNTS

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. The bank will be able to serve retail customers, lend money and take deposits, along with other online banking functions.