article thumbnail

The Race To The Cloud: Will Digital Banks Win?

PYMNTS

More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely. The bank is working with technology giants Google and Microsoft to create new cloud-based tools that will use their cloud computing software. About The Tracker.

article thumbnail

Today In Digital-First Banking: Ternio’s BlockCard Collaborates With Paxful For Debit Card; Fed Changes Main Street Lending Terms

PYMNTS

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

OnDeck wants to become ‘mom and pop’ bank of the future

Bank Innovation

Small business lender OnDeck is making a pitch to Main Street. The company, which has been outspoken about its pursuit of a bank charter, is trying to move beyond loans and become a digital bank for small businesses.

Maine 312
article thumbnail

Transactions: Del-One FCU selects Alkami for digital banking

BankInovation

was one of three credit unions that selected Alkami’s ORB digital banking platform in July, according to an FI Navigator report provided to Bank Automation News. The other credit unions include: $584 million Maine State Credit Union, based in Augusta, Maine; and $48 million […].

article thumbnail

Main Street?s Digital Shift, ATM Innovation, PPP Loans Top This Week?s News

PYMNTS

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. NEW DATA: Inside Main Street SMBs’ Digital Shift. One bank impacted by PSD2 implementation, Germany’s Commerzbank , has been leaning into the use of APIs to create its digital-first banking efforts.

Maine 130
article thumbnail

WSFS Bank: Plain Vanilla Digital Banking Won’t Cut It Any More

PYMNTS

Banks today are familiar with the challenges of supporting digital platforms as an increasing number of customers turn to online-only solutions. One study found more than 45 percent of millennial users, for example, have at least considered leaving their FIs and signing up with fully digital banks.

article thumbnail

InstaReM CEO On Why They Want A Digital Banking License

PYMNTS

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. The appeal of the banking license is it ensures the fact that they can provide the full spectrum of services,” he said. “But