PYMNTS

JULY 1, 2019

While it gears up to apply for a digital banking license in Singapore, cross-border payments firm InstaReM is reportedly seeking lending business partners. It processes billions of dollars a year for payments institutions, retail users and banks worldwide. Grab, Razer and Singapore Telecommunications Ltd.

Digital Banking 123

Digital Banking Lending America Report 123

PYMNTS

AUGUST 23, 2019

The PYMNTS Weekender has you covered with any news you might have missed over the past week. Trending: FIs Use AI to Challenge Challenger Banks. Legacy banks have their work cut out for them if they want to survive another century as key players in the digital banking world. Trackers and Reports.

Lending 109

Lending North Carolina Fraud United States 109

PYMNTS

OCTOBER 11, 2019

The founders of lending protocol Nuo have announced the launch of a new digital banking platform called Juno, which will be built on top of ethereum. The platform will rely on the Nuo protocol and is set to launch early next year. Juno’s flagship product will allow users to hold the dollar-pegged stablecoin and earn a 5.5

Bitcoin 116

Bitcoin Digital Banking Lending New York City 116

PYMNTS

AUGUST 4, 2020

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.

Google 298

Google Digital Banking Course Branding 298

PYMNTS

OCTOBER 15, 2018

While he would not reveal how many current account customers Barclays hoped to attract to the new checking account, its initial target market will be the 10 million customers that already hold a Barclays co-branded credit card, as well as the 3 million in its existing digital bank.

Digital Banking 187

Digital Banking Cards Online Branding 187

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

DECEMBER 30, 2019

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.

Digital Banking 134

Digital Banking Groups Online Regional 134

PYMNTS

OCTOBER 1, 2020

In today’s top news in digital-first banking, Memo Bank is rolling out an interest-bearing account for companies, while lending marketplace October has notched roughly $303 million in funding. Memo Bank Launches Interest-Bearing Account for Businesses. Lending Platform October Raises Funding for SMB Loans.

Lending 150

Lending Innovation Fintech US 150

PYMNTS

JULY 8, 2019

When Facebook’s Libra news broke like a tidal wave on the payments and commerce ecosystem a few weeks ago, there was no shortage of opinions about what it meant and whether or not it would take the world by storm. The appeal of the banking license is it ensures the fact that they can provide the full spectrum of services,” he said. “The

Digital Banking 176

Digital Banking Innovation Cards Lending 176

PYMNTS

JANUARY 7, 2020

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. ” The Monetary Authority of Singapore determined last year that it would issue up to five virtual banking licenses to enhance competition and innovation. Winners will be announced in mid-2020.

Digital Banking 131

Digital Banking Capital Leadership Fintech 131

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

JUNE 19, 2019

The Financial Times said on Tuesday (June 18) that RBS picked Marieke Flament, Circle ‘s CMO and European managing director, to serve as CEO of the digital bank, Mettle. lender to launch a separate digital bank, reports noted, with plans to debut the Mettle app in August. RBS is the first top U.K.

Digital Banking 122

Digital Banking Operations Lending Report 122

PYMNTS

AUGUST 21, 2020

JPMorgan Chase plans to launch a digital bank in the United Kingdom early next year, Sky News reported Friday (Aug. The move “will enable it to capitalize on the accelerating transition of millions of bank customers from branch-based activity to digital services during the COVID-19 pandemic,” the news outlet said.

Report 173

Report Digital Banking Lending Technology 173

Gonzobanker

AUGUST 18, 2021

We’re losing ground to neobanks and other fintech companies because we haven’t digitized the delivery of our existing products and services. Therefore, our first priority for digital transformation must be digital account opening.”. I have bad news — there is something wrong with most banks’ products.

Lending 163

Lending Survey Industry Software 163

PYMNTS

JANUARY 2, 2020

In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one of Singapore’s five available digital banking licenses. Plus, Indonesia is planning to implement flat-rate fees for certain digital wallet transactions.

Fintech 133

Fintech Payments Digital Banking America 133

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

Bank Innovation

AUGUST 20, 2019

Oregon Community Credit Union (OCCU) has launched phase one of its digital platform, a move meant to “set the foundation” for the credit union’s new focus toward automation, Chris Whittaker, vice president of consumer lending, told sister publication Auto Finance News on Monday.

Oregon 150

Oregon Community Lending Digital Banking 150

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

PYMNTS

OCTOBER 16, 2018

Goldman Sachs booked a 4 percent year-over-year revenue increase for the third quarter of 2018, with that growth powered in part by increased lending through its Marcus by Goldman Sachs online consumer savings and lending platform. Q3 revenue for the investment bank hit $8.65

Lending 147

Lending Digital Banking Retail Branding 147

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

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.

Digital Banking 122

Digital Banking Lending Cards Payments 122

BankInovation

JANUARY 24, 2022

Florida-based Locality Bank is partnering with banking core vendor Nymbus to provide integrated digital banking services to small business customers, launching this month with a focus on cloud-native community banking and lending. We're […].

Florida 98

Florida Community Bank Digital Banking Lending 98

TheGuardian

JULY 21, 2022

‘Landmark’ for eight-year-old British enterprise as it turns £14m loss into £32m annual profit helped by Covid loans Starling Bank has reported its first annual profit thanks to a surge in lending, though executives played down the impact that a controversial boom in Covid loans had on its path to profit.

Digital Banking 60

Digital Banking Report Lending Fintech 60

PYMNTS

FEBRUARY 14, 2020

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business.

Retail 141

Retail Cards Millennials Fraud 141

FluentBanking

APRIL 1, 2020

“We've started executing the Bangladesh Bank’s order from today (Wednesday) on single-digit bank rate," Syed Mahbubur Rahman, Managing Director and CEO of the Mutual Trust Bank, told UNB. He, however, said it may take this month to fully implement the new rate for all kinds of lending designated under the BB order.

Lending 81

Lending Meeting Industry Compliance 81

PYMNTS

SEPTEMBER 26, 2018

Bank has debuted its online lending portal for small business borrowers, the financial institution announced on Tuesday (Sept. Following in the path of alternative and marketplace lenders, traditional banks are increasingly digitizing their financing offerings for small firms. The latest to do so is U.S.

Lending 128

Lending Online US Survey 128

PYMNTS

OCTOBER 4, 2019

Visa Powers Revolut’s Global Expansion Into 24 New Markets. The decision to not list shares amid a game of “how low can they go” — rapidly reduced valuations highlighted a desperate bid to find out where Wall Street would finally lend its support ­— may signal that the age of high-flying unicorns is over. Goldman’s Marcus Has Lost $1.3B

Fraud 108

Fraud Google Apple Chicago 108

Bank Innovation

FEBRUARY 21, 2020

In this episode, editors discuss the following news developments: Implications from LendingClub’s acquisition of Radius Bank; How Ally’s acquisition of the non-prime lender CardWorks boosts the bank’s long-term plans; and The launch of digital banking startup Level […].

Fintech 243

Fintech Digital Banking Customer Experience Innovation Strategies 243

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. The companies made an announcement Friday (Feb.

Lending 158

Lending Analytics Software Customer Experience 158

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

DECEMBER 1, 2019

million USD) investment that it needs to become a challenger bank. The news comes days before its conditional banking license is set to expire on Tuesday (Dec. Launched in 2005, Zopa is considered one of the world’s first P2P lenders, lending almost £4 billion to consumers in the U.K. based fund, and its U.K.

Digital Banking 142

Digital Banking Capital Regulation Lending 142

PYMNTS

OCTOBER 17, 2019

billion after raising $200 million in a venture funding round led by DST Global, which Chime said would be used toward growing the business and launching additional lending and credit products, as well as doubling its size to more than 200 employees and expanding its leadership team. Earlier this year, it reached a valuation of $1.5

Digital Banking 107

Digital Banking San Francisco Leadership Cards 107

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

JULY 30, 2019

What MoneyLion is designed to do is offer a mobile financial services platform that combines deposit accounts with low dollar lending, investing and wealth management services. The platform also allows users to connect all their bank accounts and credit cards and receive personalized advice on how to better spend their money.

Digital Banking 190

Digital Banking ATM Study FDIC 190

PYMNTS

MARCH 20, 2020

But analysts said the move represents an attempt to compete with a number of new online challenger banks that will appear in the region later in the year. Through this digital financing solution, more merchants can easily obtain rapid loans,” Zhao Wei, general manager of Cainiao Network Supply Chain Finance, told the news outlet. “As

Big Data 203

Big Data Lending Regional Operations 203

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