PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. Razer And The Youth Bank .

Digital Banking 130

Digital Banking Groups Regional Mobile 130

PYMNTS

JANUARY 7, 2020

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. The license bid is “an opportunity for us to impact an underserved segment,” said Mi Li, ADVANCE.AI’s chief marketing officer. Their holders can take deposits from retail customers, but must have $1.5

Digital Banking 131

Digital Banking Capital Leadership Fintech 131

PYMNTS

SEPTEMBER 11, 2019

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.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

MARCH 13, 2019

Digital banking customers are looking for an institution that can keep their data safe, with security mishaps creating the possibility that they can move to other apps. 183 billion: The amount the global market for travel activities is expected to reach by 2020. In addition, Stitch Fix Inc. All this, Today In Data. Data: $370.3

Digital Banking 128

Digital Banking Security Data Branding 128

Bank Innovation

MARCH 5, 2019

Growth is the name of the game for this month's notable hires in digital banking and fintech. On one hand, a major FI like Spanish bank Santander hired a former Google executive to create new products, while smaller fintechs are opening up shop in new markets to drive growth.

Digital Banking 186

Digital Banking Fintech Google Marketing 186

Bank Innovation

JANUARY 26, 2018

launched its Marcus digital bank in late 2016, the conventional wisdom was the investment bank wanted to expand into retail banking. EXCLUSIVE— When Goldman Sachs & Co. But, apparently, that’s not the whole story. Marcus, it seems, is an asset pricing play, Goldman’s CEO implied yesterday.

Retail 262

Retail Video Digital Banking Bitcoin 262

Bank Innovation

SEPTEMBER 12, 2019

As digital banking goes mainstream, banks are recognizing that a mobile app that lets customers carry out day-to-day tasks isn’t enough. Bank has been preparing, especially as it reports that 72% of its customers are considered “digital-active” and 50% are using mobile channels.

Digital Banking 250

Digital Banking US Mobile Report 250

PYMNTS

NOVEMBER 23, 2018

In banking and payments architecture, especially in the digital realm, a corollary might be “form and function co-exist, and should be flexible enough to change rather quickly.”. Early next year, 86 400 — representative of the number of seconds in a day — will come to market, branchless and backed by the payments provider.

Digital Banking 134

Digital Banking Mobile Data Marketing 134

Accenture

JULY 26, 2016

Retail banks are focusing on small business lending as a revenue stream in a competitive market. But what exactly do small business owners want from banks? Digital banking options are high on their list. Digital demand is on the rise. Read more.

Digital Banking 150

Digital Banking Lending Retail Marketing 150

Bank Innovation

JUNE 6, 2019

JPMorgan Chase's millennial-friendly digital banking app Finn is shutting down, just one year after it rolled out nationally. The […].

Digital Banking 199

Digital Banking Millennials National Security 199

PYMNTS

OCTOBER 11, 2019

And, in digital banking, banks are innovating with their strategies for fraud protection and anti-money laundering (AML). 96 percent: Share of retail banks that plan to develop services focused on real-time payments by 2020. sales the athleisure market generated as of 2016. All this, Today in Data.

Trends 122

Trends Innovation Technology Marketing 122

Bank Innovation

FEBRUARY 12, 2020

The growth of mobile and digital banking is driving in-store branch numbers down. In-store branches are satellite bank branches located inside large retail spaces, such as supermarkets or chains like Walmart and Safeway. since June 30, 2018, S&P Global Market Intelligence reported.?

FDIC 243

FDIC US Retail Digital Banking 243

PYMNTS

JULY 11, 2018

Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank. Over the last several years, direct bank deposits have grown six times faster than deposits at traditional banks as consumers have sought innovative new ways to save money,” said John Rosenfeld, president of Citizens Access.

Digital Banking 103

Digital Banking United States FDIC ATM 103

PYMNTS

JULY 8, 2019

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.

Digital Banking 176

Digital Banking Innovation Cards Lending 176

Bank Innovation

MARCH 28, 2019

United Arab Emirates-based digital bank Liv on Wednesday launched its virtual assistant Olivia, which was built by conversational AI company Kasisto. Olivia, a play on the bank’s name Liv, can check balances and give spending insights through text and the bank’s mobile app. has 210,000 […].

Digital Banking 170

Digital Banking Millennials Mobile Company 170

Bank Innovation

APRIL 11, 2019

Get ready for more banks. Digital ones, that is. New data shows that consumers -- and financial institutions -- are more inclined toward greenfield digital banks. In a recent survey by Fiserv, 86% of respondents said they would consider leaving their bank, if they could not easily manage their accounts online.

Digital Banking 199

Digital Banking Survey Online Data 199

PYMNTS

AUGUST 1, 2017

When it comes to payments, each market or country has its own preferences. Technology plays a role, of course, in making sure choice is varied, especially when it comes to retail. So it is that QR codes are seeing increased adoption across developing markets. India is a market that is taking off in digital in a big way.”

Marketing 102

Marketing Digital Banking Mobile Security 102

Accenture

SEPTEMBER 23, 2015

Speed is critical for retail banks that want to master digital disruption. In the digital banking era, change happens nearly instantaneously. New competitors enter the market quickly. Tomorrow’s technologies emerge even before banks. Industry boundaries are redrawn in a flash. Read more.

Marketing 157

Marketing Digital Banking Retail Industry 157

PYMNTS

NOVEMBER 19, 2019

The Monetary Authority of Singapore is offering as many as five digital banking permits to non-banks to boost competition. While Ant didn’t reveal if it would pursue a retail or wholesale license, it will be easier for it to obtain the latter. billion ($1.1 billion) in capital and local control.

Digital Banking 101

Digital Banking Capital Taxes Groups 101

PYMNTS

OCTOBER 2, 2020

80%: Portion of global FI execs who believe banks will profit from embracing platform business models. 30%: Salesforce’s estimate of year-over-year growth in global digital commerce during Q4. 3.6T: Projected size of the "embedded finance" market by 2030. Data: $86B: Estimated spend on in-car commerce by 2025.

Innovation 167

Innovation Digital Banking Data Fintech 167

Bank Innovation

OCTOBER 8, 2018

Not even a month has passed since Julie Demarigny, a veteran in digital entertainment industry having served Warner Bros. and Sony Music, has joined West Coast focused Union Bank as its head of digital banking.

Digital Banking 186

Digital Banking Innovation Digital Strategies Strategy 186

PYMNTS

FEBRUARY 11, 2020

Mastercard Gets Nod To Join China’s $27T Payments Market. China approved Mastercard for a bank card clearing business with its partner, NetsUnion Clearing Group, giving the company access to a $27 trillion payments market. Amazon Expected To Control 70 Pct Of US Smart Speaker Market By Next Year.

Marketing 150

Marketing Payments Retail California 150

Chris Skinner

NOVEMBER 28, 2016

I blogged the other day about too many banks and that there’s not a big enough market for forty of them here in Britain. We talk about digital, apps, mobile and more, and yet the average customer … are they bothered? I suspect that many … The post What do retail customers want?

Retail 150

Retail Mobile Marketing Digital Banking 150

Accenture

APRIL 30, 2019

Like this runaway horse, retail banks are now finding that rapidly evolving customer needs and changing expectations are setting the pace for the evolution of the business. Pioneers , for instance, look like the ideal customers for a modern digital bank. This is a far tougher.

Survey 151

Survey Marketing Groups Study 151

PYMNTS

FEBRUARY 14, 2020

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. Mastercard Gets Nod To Join China’s $27T Payments Market. China’s central bank gave Mastercard the green light on Feb.

Retail 141

Retail Cards Millennials Fraud 141

Bank Innovation

OCTOBER 24, 2019

Digital banking and stock trading app Revolut, which boasts 8 million customers, is in the midst of a global expansion effort. based company, which operates in Europe and Australia, announced two major milestones this week: a tie-up with Mastercard that will help fuel a planned U.S. rollout, and a launch in Singapore.

US 170

US Marketing Digital Banking Operations 170

ABA Community Banking

JULY 15, 2020

When COVID-19 accelerated customer movement into mobile and online banking solutions, and triggered consumers to push their funds into bank accounts, banks that had made investments in the digital customer experience were positioned to capitalize.

Digital Banking 122

Digital Banking Customer Experience Capital Mobile 122

Perficient

OCTOBER 19, 2020

Digital Banking : Demand for digital banking has accelerated over the last 6+ months and should be a top priority for financial institutions. COVID-19 has changed both customer behavior and expectations, leaving them no choice but to use digital and contactless for their financial interactions.

Video 520

Video Security Tools Strategy 520

Bank Innovation

MARCH 7, 2019

Before Citizens Financial Group launched its digital-only banking unit, Citizens Access, last July, a team of bankers spent months intensely analyzing how customers might interact with a digital bank with no physical presence versus a traditional bank with a large network of branches.

Branding 170

Branding How To Marketing Digital Banking 170

Gonzobanker

APRIL 13, 2020

Converting new digital accounts into lasting relationships will take proactive care and feeding. adults, “During social distancing, how much more or less likely are you to leverage digital banking and digital payments?” ” Not surprisingly, most people said they would perform more digital activity.

Digital Banking 101

Digital Banking Apple Cards Survey 101

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. markets in the near future. “We’ve We haven’t said anything about ether—until now,” Tarbert said at Yahoo Finance ’s All Markets Summit in New York City. “It

Bitcoin 116

Bitcoin Digital Banking Lending New York City 116

PYMNTS

DECEMBER 30, 2019

In today’s top payments news, PayPal further integrates with Argentinian eCommerce company MercadoLibre, and Singtel and Grab partner to launch a digital bank in Singapore. PayPal expanded its partnership with Argentinian eCommerce company MercadoLibre, positioning itself to capture a larger share of the Latin America market.

Digital Banking 130

Digital Banking eBook Payments America 130

PYMNTS

OCTOBER 12, 2018

billion: The projected size of the global banking cybersecurity market by 2026. In addition, Snap’s stock has dropped precipitously since its initial public offering (ICO), and gig workers might drive longer hours or make more deliveries if they received quicker payments. Data: $248.26

Data 153

Data Digital Banking United States Security 153

The Paypers

OCTOBER 27, 2021

Banking software company Temenos has announced that microfinance company Barko plans to enter the retail banking market in South Africa with a new digital bank.

Digital Banking 35

Digital Banking Software Retail Marketing 35

CB Insights

MARCH 8, 2018

Digital banking startups — or challenger banks — have gained traction over the past few years by bringing retail banking services mobile. Banks in Fintech: what’s ahead in 2018. Join us for data-driven look at how major banks are approaching fintech investments and taking on insurgents.

Retail 78

Retail Digital Banking Fintech Regulation 78

Celent Banking

AUGUST 19, 2016

A recent blog post commented on the changing make up of commercial property construction as a result of the continued growth in digital commerce. As retailers close stores ( Macy’s is a recent example ), property developers must re-adjust their development to sustain revenue growth. Arguably, retail banking is highly susceptible.

Retail 100

Retail America Analysis US 100

Gonzobanker

MARCH 28, 2024

In fact, according to Cornerstone’s What’s Going On In Banking 2024 report, 14% of banks and 20% of credit unions stated that they are less than 25% complete with their digital transformation. This is an area where speed-to-market competition will be important. #3. Choosing a new partner is no small feat.

Digital Banking 134

Digital Banking Customer Experience Strategy Exercises 134