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Q4 Earnings Reports Show Mobile Banking’s Surge

PYMNTS

Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs. In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 million during the quarter.

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Deep Dive: Credit Unions Respond To The Threat Of Digital-First Challenger Banks

PYMNTS

Some digital technology providers have differing views of challenger banks’ threats, however. Jeffery Kendall, executive vice president and general manager of global banking and financial solutions at Texas-based digital banking platform Kony DBX, said challenger banks do not necessarily pose a major threat when it comes to deposits.

ATM 156
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What U.S. Bank Is Doing To Drive Virtual Card Adoption

PYMNTS

New Jersey-based commercial bank Peapack-Gladstone Bank recently announced that it is undergoing a digital transformation, and turning to Bottomline Technologies for help to mine information about its clients. Bank believes it has the perfect weapon to counter such reluctance: strong client and vendor input.

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Deep Dive: How CUs Are Rethinking Their Credit Solutions During The Pandemic

PYMNTS

Seventy-two percent were highly interested in innovating products that offered digital management capabilities, for example, while 48 percent and 42 percent were highly interested in developing solutions that provided notifications and alerts and instant issuance to digital wallets, respectively.

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2020 GonzoBanker Awards

Gonzobanker

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did community banks and credit unions respond to the COVID craziness? Bank Deal of the Year PNC nabs BBVA USA – paying 1.3 The Strategy Award Goes to Axos Bank.

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Mobilizing Student Loan Disbursements

PYMNTS

Digital banking platform BankMobile , a subsidiary of Customers Bank , has announced a new partnership with 36 U.S. In a recent interview, Andrew Crawford, head of BankMobile’s disbursements business, claimed the partnership would give students a more convenient way to manage their loan funds and tuition payments.

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Temenos to Acquire Kony: So What?

Gonzobanker

This deal looks good for Temenos, Kony and the banking industry clients of both firms. The digital banking market continues a long burn—this time like the smoke of a Texas summer barbecue. If the Kony acquisition is similar to Akcelerant and Avoka acquisitions thus far, disruption at Kony should be manageable.