PYMNTS

DECEMBER 27, 2019

That help is forthcoming, as in the case of the Central Bank of Ireland , which is changing regulations to favor more CU lending with higher limits. There is a sense, however, that CUs themselves bear responsibility for falling behind the digital banking trends that first took hold with consumers.

Digital Banking 130

Digital Banking Millennials Banking Trends 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

JULY 8, 2019

InstaReM is currently preparing to apply for one of five (two retail, three wholesale) digital banking licenses that the city-state of Singapore announced it would be issuing earlier this month. Not without uses, not unimportant and a transitional step into the market for some consumers, but also not really a next-level innovation.

Digital Banking 176

Digital Banking Innovation Cards Lending 176

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. First State Bank & Trust in Williston, N.D., started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m The pandemic accelerated the adoption of digital lending for both banks and consumers.

Lending 91

Lending Community Bank Community North Dakota 91

Bobsguide

JULY 7, 2022

Lake Mary, FL, US – June 30, 2022 – Finastra today unveiled its embedded consumer lending solution, enabling access to traditional regulated lending options for consumers at point-of-sale (POS). Finastra Embedded Consumer Lending product brochure. Finastra Banking as a Service: Outlook 2022 | Paving the way for embedded finance.

Lending 68

Lending Seattle Regulation US 68

PYMNTS

OCTOBER 4, 2019

As Mark Rockefeller, co-founder and chief executive officer of small business lending-as-a-service provider StreetShares , told PYMNTS in a recent interview, that pressure to digitize expands to credit unions and community banks in their SMB lending offerings, too, and do it profitably. The Open Banking Trajectory.

Lending 152

Lending Community Bank US Community 152

PYMNTS

JULY 28, 2019

Jack Ma ’s MYbank is aiming to change the way China lends to small businesses. The 4-year-old bank uses real-time payments data and a risk-management system that analyzes more than 3,000 variables to allow borrowers to apply for a loan on a smartphone and receive cash almost instantly if approved. The whole process takes three minutes.

Digital Banking 198

Digital Banking Lending Risk Management Mobile 198

Gonzobanker

MARCH 23, 2022

While the purpose of the lounge itself seems suspect, the bank’s thinking about the metaverse’s potential opportunities is spot on: “Supply and demand dynamics are driving people into the meta-economy. Over time, the market for metaverse real estate could evolve in a similar way as the real estate market in the analog world.

Lending 103

Lending Fintech blockchain Video 103

Bank Innovation

APRIL 11, 2019

Get ready for more banks. Digital ones, that is. 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.

Digital Banking 199

Digital Banking Survey Online Data 199

PYMNTS

OCTOBER 22, 2019

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

Lending 101

Lending New Jersey Online Customer Experience 101

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

NOVEMBER 29, 2017

India-based Paytm Payments Bank not only wants to become the world’s largest digital bank , but also to evolve into a financial services company providing a slew of services like wealth management and trading. 28), Paytm founder Vijay Shekhar Sharma said the company is aiming to have 500 million bank accounts. “We

Digital Banking 122

Digital Banking Lending Cards Payments 122

Gonzobanker

DECEMBER 4, 2019

Precision Lender reports 150 clients, and Cornerstone sees them mostly in commercial banks. Q2’s acquisition follows many years of paced, organic growth in consumer and business digital banking and a string of acquisitions including digital deposit origination specialist Gro Solutions and loan/lease origination system provider Cloud Lending.

Analytics 100

Analytics Lending Fintech Leadership 100

Bank Innovation

OCTOBER 8, 2018

Not even a month has passed since Julie Demarigny, a veteran in digital entertainment industry having served Warner Bros. and Sony Music, has joined West Coast focused Union Bank as its head of digital banking.

Digital Banking 186

Digital Banking Innovation Digital Strategies Strategy 186

PYMNTS

NOVEMBER 2, 2020

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Fed Adjusts Main Street Lending Terms to Help Small Businesses.

Maine 148

Maine Lending Cards Bitcoin 148

Gonzobanker

AUGUST 13, 2018

The mashup of transactional digital banking and digital sales is well under way in the market, as is evidenced by Friday’s announcement by Q2 of its intent to acquire Cloud Lending Solutions. Most transactional digital providers like Q2 have been developing or partnering for origination solutions.

Lending 73

Lending Leadership Digital Banking System 73

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Treasury Department released its report on the sector and concluded that the market would likely benefit from greater oversight from regulators. Commercial Banking. D3 Banking. Lendingkart.

Lending 101

Lending Analytics Capital Industry 101

FICO

JUNE 30, 2021

Lending Improved With Data-Driven Decisions. a , the largest commercial bank in Slovakia, has chosen FICO® Decision Optimizer to increase profitability and improve portfolio management for its cash loan portfolio. As a digital banking leader in Slovakia we are looking forward to this cooperation,” said Zden?k

Lending 52

Lending Case Study Strategy Software 52

PYMNTS

FEBRUARY 27, 2019

HSBC is looking toward the alternative finance sector to strengthen its position in the middle market, the financial institution said. Commercial Banking revealed its partnership with Neptune Financial (NepFin). businesses,” said HSBC Head of Digital Banking EJ Achtner in a statement. Announced Tuesday (Feb.

Marketing 109

Marketing Analytics blockchain Lending 109

Abrigo

AUGUST 1, 2016

Data may serve as a buzzword for marketers, but it doesn’t make it any less important. Data measuring customers’ habits, likes and dislikes, is a critical tool to any marketing pro’s toolbox. Bank and credit union marketers are often in a unique position to leverage the aggregated data of their customers.

Marketing 150

Marketing Data Analysis Tools 150

PYMNTS

JULY 27, 2016

The stock exchange and FX markets may have stabilized, but fallout in the wake of the Brexit vote continues. The latest victim is Virgin Money , which revealed this week that it won’t be moving forward with plans to begin lending to small and medium-sized businesses — for now.

Lending 100

Lending Digital Banking Report Marketing 100

CB Insights

FEBRUARY 27, 2020

The traditional Latin American banking market is characterized by high fees, concentrated market power among a few banks, high percentage of unbanked consumers, and geopolitical challenges. The post The Latin America Digital Banking Investment Landscape appeared first on CB Insights Research.

America 51

America Digital Banking Lending Fintech 51

PYMNTS

FEBRUARY 12, 2018

Transaction banking products provider Intellect Global Transaction Banking (iGTB) and cloud-based software solutions firm Pivotal are partnering to enhance corporate banking technology for businesses in the U.S. in particular, allowing us to deliver one of the most sophisticated corporate banking platforms on the market.”.

Lending 158

Lending Analytics Software Customer Experience 158

FICO

MARCH 22, 2022

The pandemic impacted the financial situation of SME’s in various ways, including the need to suddenly adopt digital banking channels, arrange repayment deferrals and of course an increased need for lending; a need which is increasingly being targeted by new lenders offering a simplified digital lending process.

Lending 52

Lending System Regional Survey 52

Abrigo

MARCH 15, 2022

The commercial and business banking market lost $3.3 Digital account opening as a moat. In addition to being a way to gain new customers, offering online/digital account opening gives financial institutions some defense against the risk of losing customers or members. banking consumers. Lending & Credit Risk.

Online 195

Online Lending Survey Digital Banking 195

PYMNTS

OCTOBER 17, 2019

Chime has described its target market as a younger demographic whose income ranges from $35,000 to $70,000 a year, who don’t want to pay the fees charged by larger brick and mortar banks, and are more likely to take their chances on a startup. Earlier this year, it reached a valuation of $1.5

Digital Banking 107

Digital Banking San Francisco Leadership Cards 107

PYMNTS

JULY 28, 2020

Yet this week’s look at the latest tie-ups reveals new models of collaboration, including FinTechs expanding their footprint within banking, and wielding banks to fit within their own tech solutions. Kabbage Steps Into Banking. ’s financial services arena — and some areas of the market in which it has fallen short.

Fintech 279

Fintech Lending Digital Banking Technology 279

PYMNTS

DECEMBER 23, 2019

However, it is a quickly changing industry, thanks to digital banking. Its omnipresence is altering how members want to interact with their CUs, though regulatory and compliance issues often mean that members cannot reasonably expect the same lightning-fast interactions they might get from banks and FinTech firms. percent and 4.1

Data 131

Data Lending Michigan Regulation 131

PYMNTS

JULY 30, 2019

Granting of the three virtual banking licenses follows moves by regulators in other Asian markets to issue such licenses as internet banks continue to challenge traditional consumer banking, according to the report. . Singapore’s central bank said in June it would issue up to five digital bank licenses. .

Trends 173

Trends Digital Banking Innovation Online 173

CB Insights

JUNE 17, 2021

Eager to turn the ongoing fintech boom into an advantage, big tech companies (Facebook, Apple, Google, Amazon) have been taking a number of strategic steps to grow their market share in financial services. How big tech’s product strategies differ across banking, payments, lending, and e-commerce. get the full report.

Google 100

Google Apple Fintech Report 100

CB Insights

NOVEMBER 21, 2019

The 2019 Canadian fintech market map. The startups selected for inclusion in the market map below are all Canada-headquartered, VC-backed fintech companies that have at least US $1M in equity funding, and have obtained equity funding since the start of 2015. Navigating the Canadian fintech market map. Capital markets.

Fintech 93

Fintech Marketing US Technology 93

FICO

FEBRUARY 12, 2023

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

PYMNTS

DECEMBER 1, 2019

Launched in 2005, Zopa is considered one of the world’s first P2P lenders, lending almost £4 billion to consumers in the U.K. Acquiring our banking license is the starting point for Zopa to become a major force in retail banking,” said Jaidev Janardana, Zopa’s chief executive, in a statement last year. since its inception.

Digital Banking 142

Digital Banking Capital Regulation Lending 142

PYMNTS

JUNE 3, 2019

Santander, a Spanish bank, and eBay have teamed up to offer lending services to small businesses, in an attempt to stave off competition from not only larger companies but smaller ones as well, according to a report by the Financial Times. The company was once a market leader but hasn’t been as successful lately.

Lending 166

Lending Operations Digital Banking Regulation 166

Gonzobanker

JULY 7, 2015

Yet while the demos and screen shots at events like Finovate have provided fascinating fodder regarding the future of digital banking, the FACTS show that these buzz-worthy players have had infinitesimal impact on market share. Bancorp Bank (Simple/PayPal et al) 1,495,558 4,499,959 3,004,401. billion in 2010. What’s Next?

Digital Banking 60

Digital Banking Industry Capital Strategy 60

PYMNTS

DECEMBER 1, 2020

In today’s top news in digital-first banking, European Central Bank (ECB) President Christine Lagarde cautioned that stablecoins could be a risk to monetary sovereignty, while Velo Labs is working with Visa and Lightnet on lending in Asia. Velo Labs Teams With Visa, Lightnet on MSME Lending in Asia.

Lending 140

Lending Digital Banking Policies System 140

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. . Google and Temasek Holdings. .

Digital Banking 130

Digital Banking Capital Google Cards 130