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

JUNE 26, 2020

This is because many legacy FIs in particular are still reliant upon legacy infrastructure, which is simply not designed to handle the sheer volume of data generated in today’s digital banking sphere. The FI officially opened the digital platform to U.S. customers in late May. About the Tracker.

Meeting 227

Meeting Mobile Digital Banking Tools 227

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

NCR

JULY 28, 2017

This convenience offers many advantages to the consumer, but financial institutions and consumers need to recognize one of the biggest disadvantages of this technological expansion: the increased risk of digital banking fraud. Digital banking fraud affected 14 percent of consumers in 2016, up from 12 percent in 2015.

Fraud 74

Fraud Digital Banking Survey Security 74

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

American Banker

JULY 9, 2020

It comes nearly three years after SoFi pulled the plug on an earlier effort to open an industrial bank. If it’s approved, the charter is expected to lower the fintech’s cost of funds and allow for more product offerings.

National 86

National Industry Digital Banking Lending 86

Gonzobanker

DECEMBER 8, 2021

. #267 on the list is Thought Machine , a company started only six years ago that recently announced signed core system deals with Chase and Arvest Bank. Bank CEOs are looking at fintech investment rounds. Mark Cuban is tweeting about Jill Castilla’s fintech efforts with lending system startup Teslar. OK, me neither.

Fintech 213

Fintech Los Angeles Lending Analytics 213

PYMNTS

JUNE 9, 2020

Their marketing budgets are deeper and bigger, and they are national,” said Chambers of these and other digitally-focused firms. you could turn on a basketball game and see slickly produced ads for challenger banks, promising to deliver a range of financial services through the convenient small screen of a smartphone.

Digital Banking 133

Digital Banking Millennials Lending Marketing 133

Gonzobanker

FEBRUARY 26, 2019

Luckily for the banks, there are many more of the latter than the former.” – Bank Innovation. Recent fintech deals across digital, lending, payments and infrastructure are telling a big story. That’s three times the change rate of core systems and twice the change rate of transactional digital banking systems.

Fintech 104

Fintech Analytics Lending Case Study 104

PYMNTS

OCTOBER 29, 2020

With more and more FinTechs introducing their own banking services, the competition is heating up. Small business lending platform BlueVine is the latest FinTech to take this path, having taken the wraps off of its banking solution this week with the launch of BlueVine Business Banking.

US 203

US Fintech Tennessee Compliance 203

Perficient

DECEMBER 2, 2020

“Having a Balance With a Bank Doesn’t Make You a Customer.”. Our financial services team recently spoke with the great Jim Marous, the co-publisher of The Financial Brand and the publisher of the Digital Banking Report. One happens to be a national bank that I’ve been with for as long as I can remember.

Data 294

Data Customer Experience Case Study Branding 294

Gonzobanker

APRIL 8, 2020

CMS and digital banking – Today’s regulatory environment will not tolerate a bank sending batch content updates to a vendor using a proprietary CMS requiring lots of manual intervention. There are over two dozen digital banking and origination providers in the market. Email us for a list. Email us for a list.

Leadership 173

Leadership Analytics System Digital Banking 173

PYMNTS

JANUARY 12, 2020

Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million. When we were building Google Tez, we realized that a consumer’s financial journey extends beyond digital payments.

Google 101

Google Capital Millennials Digital Banking 101

Gonzobanker

JULY 9, 2021

As fintech startups, challengers, and even mature fintech providers laser in on evermore specific pain points, investors pour funds into the payments, lending, data, and other approaches to pain relief. Banks and fintechs are in a heated mashup and seeking niches. Lending: Where there is smoke, there’s a growing fire.

Fintech 197

Fintech Lending Community Payments 197

PYMNTS

OCTOBER 31, 2019

A press release this week said Intellect Design Arena will connect Commonwealth Trade Bank to its Intellect Digital Core Solution, IDC 19.1, which Intellect said would help the financial institution (FI) to promote its digitization efforts. will support their vision of becoming an innovative and responsive digital bank.

Innovation 101

Innovation Community Bank Customer Experience Operations 101

PYMNTS

DECEMBER 23, 2020

Most of the supply chains in the nation — in cities and outside of them — are based on paper or cash per the official. 21) will help banks by easing a pivotal small-business lending effort’s rules, among other stipulations. Pandemic Aid Package Provides Relief For Lenders To Help SMBs. The nearly $900 billion U.S.

Management 141

Management Conference Lending National 141

Gonzobanker

FEBRUARY 29, 2024

Here are five key areas that Cornerstone would encourage management to start: Digital Self-Service Utilization – Many bankers are feeling confident they are catching up to the competition in the digital banking experience, but very few have exhausted the sheer productivity benefits of widespread digital self-service.

Tools 163

Tools Analytics Data System 163

PYMNTS

APRIL 6, 2020

America is still the most prosperous nation the world has ever seen.”. JPMorgan, the country’s largest bank by assets, is in a solid position to grapple with the financial fallout caused by the pandemic, he said. We have the resources to emerge from this crisis as a stronger country,” Dimon said in the letter. trillion a year.

Strategy 159

Strategy Resources America Cards 159

American Banker

MAY 31, 2016

Arjun Sirrah takes great pride in his company's national-level success as a community bank in Connecticut competing against digital lending startups in student loan refinancing. billion in loans in the last couple of years. …

Connecticut 28

Connecticut Digital Banking Community Bank Lending 28

American Banker

JUNE 22, 2016

Kabbage is licensing its digital lending technology to one of Canada's largest banks, which plans to offer an online application process to small businesses.

Lending 51

Lending Technology Online Regional 51

PYMNTS

SEPTEMBER 7, 2020

The Australian Services and Investments Commission (ASIC) has banned John Louis Anthony Bigatton, who was the Australian national representative for crypto platform BitConnect, from engaging in financial services for the next seven years after he was found to be engaging in deceptive practices, a report from Financial Standard finds.

Bitcoin 132

Bitcoin Fraud Payments cryptocurrency 132

American Banker

MAY 31, 2016

Arjun Sirrah takes great pride in his company's national-level success as a community bank in Connecticut competing against digital lending startups in student loan refinancing. billion in loans in the last couple of years. …

Connecticut 28

Connecticut Digital Banking Community Bank Lending 28

American Banker

DECEMBER 30, 2020

Several consumer advocacy organizations have urged the Office of the Comptroller of the Currency to deny the online lender's application for a national bank charter, citing concerns about its lending and debt-collection practices.

Meeting 39

Meeting National Lending Online 39

American Banker

FEBRUARY 26, 2016

The nation's largest marketplace lender announced changes Friday to its partnership with Utah-based WebBank. The revisions are designed to preserve Lending Club's ability to ignore state interest rate caps.

Lending 28

Lending Utah National Digital Banking 28

PYMNTS

SEPTEMBER 10, 2018

Roughly 19 million college and university students are loading up their cars and heading back to campus for another school year, according to data from the National Center for Education Statistics. Others are looking to additional solutions to solve student lending problems. colleges and universities, for example.

Mobile 100

Mobile Arkansas ATM Tools 100

PYMNTS

APRIL 30, 2018

National Small Business Week is this week in the U.S., But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. and finance experts are celebrating with new data on the state of the entrepreneurial community.

Taxes 144

Taxes America National Community 144

Gonzobanker

DECEMBER 22, 2020

And how did community banks and credit unions respond to the COVID craziness? Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. John Beale , longtime CIO of City National Bank.

Idaho 181

Idaho Community Industry Strategy 181

Gonzobanker

MAY 4, 2020

Here are a few of the recent deals (in no order) that caught my attention: MVB Financial/Paladin: MVB, a mid-size bank with a stated focus on serving fintechs, acquired Paladin, a specialty fraud prevention company with a suite for merchants, credit agencies, fintechs and vendors. SoFi/Galileo: This $1.2 The transaction has not yet closed.

Fintech 109

Fintech FDIC Capital Community Bank 109

American Banker

MAY 24, 2016

During the ascension of marketplace lending, banks responded to the competitive threat in several different ways. Now some banks are better positioned than others to take advantage of the online sector's recent woes.

Lending 37

Lending Online Regional National 37

PYMNTS

DECEMBER 9, 2020

And with COVID-19 as an incredible accelerant to digitization in 2020, every merchant needs to have a digital proposition and a “minute-by-minute, day-by-day, month-by-month lending proposition” that they can access, Lukies said. Banks should realize that they don’t have to “become a systems integrator themselves,” said Lukies.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

JANUARY 14, 2021

In Pakistan, for firms seeking to spur that adoption and to foster financial inclusion, it’s important to have a “cash in, cash out” mindset, as Erwan Gelebart, CEO of digital wallet, mobile payments and digital banking provider JazzCash , told Karen Webster in an interview.

Mobile 234

Mobile Payments Course Data 234

FICO

APRIL 2, 2019

Thousands of thought leaders across industries like financial inclusion, digital banking, and lending will share insights on the latest fintech industry market trends and future challenges. To learn more, join us at the below keynote session and panel on Tuesday, April 9 th.

Innovation 40

Innovation San Francisco Analytics Lending 40

PopularBank

OCTOBER 13, 2020

According to a recent study , the state experiences one of the worst racial wealth gaps in the nation. Popular Bank will serve as an initial corporate partner alongside organizations including AT&T, Panasonic and New Jersey Community Capital. NWK FAM Fund Seeks to Narrow the Wealth Gap in New Jersey.

New Jersey 52

New Jersey Community NJ New York 52

American Banker

MAY 24, 2016

During the ascension of marketplace lending, banks responded to the competitive threat in several different ways. Now some banks are better positioned than others to take advantage of the online sector's recent woes.

Lending 31

Lending Online Regional National 31

American Banker

AUGUST 9, 2016

The embattled firm is offering financial incentives in an effort to kick-start lending, but compliance-focused banks have been slow to respond.

Lending 28

Lending Compliance Regional National 28

PYMNTS

NOVEMBER 25, 2019

Mazie Hirono of Hawaii and Dan Sullivan of Alaska entered the bill into consideration earlier this month, and several CU organizations — including the Hawaii and Alaska Credit Union Leagues as well as the Credit Union National Association (CUNA) — have so far praised it.

Alaska 154

Alaska Hawaii California Analytics 154

PYMNTS

DECEMBER 11, 2020

These interactions must give consumers the impression that they are still transacting with the same bank regardless of which channel they have chosen to use, said Eric Schuppenhauer , president of consumer lending and national banking at Citizens Financial Group.

Groups 169

Groups Mobile Tools Branding 169