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Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds

PYMNTS

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.

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Alt Lending Anxieties Nowhere To Be Found

PYMNTS

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Commercial Banking. D3 Banking. Investors on Monday (June 27) provided $10 million to D3 Banking for it to further its research and development operations, reports said. . Alternative Lending.

Lending 101
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Chase On Gen Z, Mobile Banking — 10 Years In

PYMNTS

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
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The Tale of the Digital Banks

Gonzobanker

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?

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Credit Unions? Bid To Bridge The Challenger Bank Perception-vs.-Reality Gap

PYMNTS

According to Chambers, part of the would-be interest from CU members may stem from the fact that challenger banks have been blanketing the airwaves — digital and otherwise — with advertising on a large scale. Their marketing budgets are deeper and bigger, and they are national,” said Chambers of these and other digitally-focused firms.

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Regions Begins Making Online Consumer Loans with Avant

American Banker

Regions Financial in Birmingham, Ala., has introduced an online consumer lending product that it uses technology developed by Avant.

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Banking Innovation Enters New Era; Consolidation Now The Rule

PYMNTS

Clearly there's regional saturation, which leads to consolidation.”. All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena. He said that traditional banks operate one step removed from the data hub that is the point-of-sale transaction.