PYMNTS

AUGUST 5, 2020

Chief Financial Officer Raj Agrawal told PYMNTS that Q2’s digital growth was “unbelievable.”. Agrawal said the company’s digital operations have grown not just in terms of dollar amounts, but also in terms of how many new customers the pandemic has brought in. Western Union (WU) reported Tuesday (Aug. million ($1.43

United States 337

United States National Retail US 337

NCR

JULY 31, 2017

As we explored in the first part of this two-part guide, digital banking fraud is an escalating threat to financial institutions and their customers. Digital banking fraud can take many forms, such as identity fraud and account takeover , which are becoming increasingly common. million in 2016.

Fraud 74

Fraud Digital Banking social media Security 74

PYMNTS

JULY 15, 2019

The cryptocurrency will reportedly be tested with select customers by the end of the year and demonstrates the firm’s goal to increase digital operations. Digital innovation enhanced the company’s Q1 earnings performance, which surpassed analyst’s predictions. JPMorgan’s earnings report will go out at 7 a.m.

Innovation 139

Innovation Millennials Conference cryptocurrency 139

Bank Innovation

JULY 27, 2018

You might not expect the nation’s leading mobile bank, with north of 31 million users, to be in a hurry to build a digital bank under a new brand, but that’s just what JPMorgan Chase did last October with Finn.

Fintech 170

Fintech National Innovation Digital Banking 170

PYMNTS

OCTOBER 21, 2020

The EBF represents the vast majority of the European banking sector through its membership, spanning 32 national banking associations from across Europe, which in turn encompass more than 3,500 banks. The great digital shift has spurred banks to examine even the most basic levels of services and bring them online.

Data 317

Data Regulation National Examples 317

PYMNTS

JULY 18, 2018

mobile operator Anywhere Sim to allow customers to buy airtime credit through a network of 29,000 retailers, PayPoint said in an announcement. With the integration, consumers can buy top-ups at retailers across the U.K., Customers can send money through digital banking platform and/or the bank’s 38 branches.

National 100

National Retail Cards Digital Banking 100

Gonzobanker

OCTOBER 3, 2017

Balance sheet growth from larger commercial clients does not consume the same headcount and resources that the retail business requires. Yet, these commercially focused banks should think twice before they think they can survive without retail. Mid-size banks need to fight this street war with data.

Retail 60

Retail Strategy Marketing New Jersey 60

Gonzobanker

JULY 7, 2015

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. Retail Banks $1,271,189,782.

Digital Banking 60

Digital Banking Industry Capital Strategy 60

PYMNTS

OCTOBER 31, 2019

A press release this week said Intellect Design Arena will connect Commonwealth Trade Bank to its Intellect Digital Core Solution, IDC 19.1, which Intellect said would help the financial institution (FI) to promote its digitization efforts. will support their vision of becoming an innovative and responsive digital bank.

Innovation 101

Innovation Community Bank Customer Experience Operations 101

PYMNTS

NOVEMBER 11, 2020

The new license from the nation’s central bank will let it have independence in making and directly operating financial services there, along with accessing new kinds of financing. Alacriti, Glia Team Up To Offer Banks Digital Customer Service On Payments. More than 3 million retailers harness its technology.

Philadelphia 165

Philadelphia Fintech National Payments 165

PYMNTS

OCTOBER 13, 2020

Revolut Eyes US Bank Charter. London-based digital bank Revolut, the continent's largest such institution with 13 million users, is close to applying for a U.S. banking license. According to sources, Revolut's will apply for a bank charter in California, but it will allow the bank to operate anywhere in the U.S.

US 130

US Payments Meeting California 130

Gonzobanker

JULY 8, 2022

The operational world of cash, checks, deposit slips, passbooks, and teller terminals used to dominate bank tech budgets. Those were the days of green screen cores and server-based ancillary applications, and digital banking was a Star Trek thing of the future. A national unemployment rate of 3.6% and a shocking 1.3%

Resources 138

Resources Leadership Technology Management 138

PYMNTS

APRIL 17, 2020

Main Street USA: 58 Percent Of Main Street SMB Retailers Say They May Not Survive The Pandemic. NEW DATA: Five Ways Social Distancing Is Transforming Retail . The coronavirus pandemic is making most quick-service restaurants (QSRs) move their operations to delivery and takeout as dine-in areas close. Trackers And Reports.

Maine 141

Maine Tools Payments Retail 141

Gonzobanker

DECEMBER 22, 2020

John Beale , longtime CIO of City National Bank. For more than 20 years, John has helped City National grow its niched commercial and private banking businesses with strategic technologies. The most surreal statement we heard from bank CFOs at the end of 2020 “We may have too much in our allowance for loan losses.”

Idaho 170

Idaho Community Industry Strategy 170

PYMNTS

MAY 28, 2020

As the nation tiptoes toward phased reopenings and embraces a return to at least some life lived in physical spaces as the curve flattens, we’re unlikely to return to banking as it once was. Business Banking, Too. But along the way, he added, the branch experience is on the cusp of marked change.

ATM 174

ATM Examples Digital Strategies Operations 174

PYMNTS

DECEMBER 9, 2020

And with COVID-19 as an incredible accelerant to digitization in 2020, every merchant needs to have a digital proposition and a “minute-by-minute, day-by-day, month-by-month lending proposition” that they can access, Lukies said. As it stands today, the bank’s unique asset is that they are on both sides of closing the loop.

Innovation 306

Innovation Fintech Payments Regulation 306

Bobsguide

FEBRUARY 22, 2022

Through focused, innovative products, services, and a redefined operating model, BDB has been stimulating and driving entrepreneurial activity in the country. The bank was looking for a modern, digital banking solution that would help it transform customer engagement through the delivery of contextual experiences.

Innovation 78

Innovation Customer Experience Strategy Operations 78

Gonzobanker

DECEMBER 19, 2022

Benson Porter, Boeing Employees CreditUnion – Porter led BECU through an amazing streak of growth in the Pacific Northwest, all while building an innovative, stakeholder-driven brand respected nationally. Core System Deal of the Year: Bank. FIS wins Valley National with IBS platform. The Insider Sleeper Deal to Watch Award.

Community 216

Community Fintech Industry Innovation 216

Gonzobanker

OCTOBER 12, 2022

Less than 10 years old, the Brazil-based digital bank counts 70 million clients across its three operating countries ( source ). Heck, in my recent travels to Vancouver and Chicago, words of admiration and wonder accompanied each mention of its growth story. Slip inside the eye of your mind.

Fintech 97

Fintech United States Chicago Mobile 97

PopularBank

OCTOBER 13, 2020

According to a recent study , the state experiences one of the worst racial wealth gaps in the nation. Popular Bank will serve as an initial corporate partner alongside organizations including AT&T, Panasonic and New Jersey Community Capital. Popular Bank COO Manuel Chinea will Join the NWK FAM Fund Advisory Board.

New Jersey 52

New Jersey Community NJ New York 52

PYMNTS

JULY 23, 2020

Growing interest in open banking typically coincides with the expanding use of online financial platforms and tools. The creation of open banking initiatives in the E.U. followed a steady increase in the usage of digital banking products both inside and outside Europe.

America 165

America Regulation Regional Tools 165

Jeff For Banks

JANUARY 14, 2021

Much like competitors nip at community banks' customers. A mid-2020 survey performed by Cornerstone Advisors showed that 51% of retail customers that opened a new bank account within the last three months did so at a large, national bank. Eighteen percent of that group opened an account at a digital bank.

Community Bank 130

Community Bank Community FDIC Strategy 130

FICO

SEPTEMBER 27, 2022

Digitalization and Artificial Intelligence: 5 Keys to Success. Digitalization and artificial intelligence will radically change retail banking. What does this mean for banks? Digitalization will also have an impact on the skillsets required in operations. FICO Admin. Thu, 12/19/2019 - 16:29.

Analytics 52

Analytics Strategy Operations Google 52

Gonzobanker

DECEMBER 20, 2019

Second Curve analyst Zack Maxfield opened a TD Bank checking account on his phone in nine minutes while he waited to speak with a teller at one of the bank’s branches, but waited an hour to fund the account and order a debit card. So many miles to go, retail bankers! The bank that got hacked via AWS wins the tech award?

Idaho 148

Idaho Conference Data Marketing 148

CFPB Monitor

DECEMBER 19, 2019

In their joint press release announcing the proposal, the OCC and FDIC stated that the proposal is intended to address the dramatic changes that have occurred in the banking industry since the CRA’s enactment in 1977 and the last round of extensive regulatory revisions in 1995. Clarification and expansion of activities.

FDIC 78

FDIC Regulation Community Retail 78

PYMNTS

JANUARY 21, 2019

The two nations are beginning to press up against a March 2 deadline before new tariffs come into effect. There have been reports that China has pressured Visa and Mastercard to also operate in the country through joint ventures, and PBoC has yet to reveal why it has not acknowledged their applications.

Data 122

Data Cards Payments Marketing 122

Celent Banking

OCTOBER 21, 2016

My primary motivation for attending OpenWorld was to get an update on Oracle's two banking platforms — the new flagship Oracle Banking Platform (OBP) aimed at large retail banks and its stable mate FlexCube , the universal banking platform deployed by nearly 600 banks globally.

Chicago 100

Chicago San Francisco Cleveland Data 100

American Banker

AUGUST 18, 2016

The regional bank has consolidated all of its digital operations under a single leader. Find out what he thinks about customer expectations, bots, fintechs and the coming convergence of digital banking.

Regional 28

Regional Digital Banking Fintech Operations 28

Gonzobanker

DECEMBER 17, 2021

Union has been a stalwart of the California marketplace since the ’50s, and this gives Andy Cecere and team a great expansion into the Golden State and also some nice wholesale banking business. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis.

Fintech 142

Fintech Strategy Leadership Lending 142

American Banker

JUNE 3, 2016

The bank, which operates in 12 states, is bringing customers in the door even as it cuts its retail square footage by half. The offer of a financial "checkup" that tens of thousands of people have accepted.

Retail 28

Retail Operations Branch Strategies Regional 28

CB Insights

JUNE 3, 2020

Most notably, Covid-19 is contributing to an explosion in e-commerce at the expense of physical retail. This shift is driving transaction volume to the payments companies behind online retailers and taking market share away from those serving physical retailers. Banking and Lending. Wealth & Capital Markets.

Lending 75

Lending Capital Online Marketing 75

NCR

FEBRUARY 25, 2016

And the country’s banks have shown how collective action can make a big difference by using mobile money to get payments flowing. Bim, the product of Peru Digital Payments , which is owned and operated by the country’s leading banks, is a new service launched in December that offers electronic payments through customers’ mobile devices.

Payments 40

Payments Mobile National Strategy 40

Independent Banker

AUGUST 9, 2016

Points can be redeemed for gift certificates to local or national businesses, for travel or cash gift cards or even donations to local charities. Consumers Say More Rewards Is Their Top Demand from Banks. Retrieved April 19, 2016, from https://www.colloquy.com/latest-news/2015-colloquy-loyalty-census/. 2 – Chaudhuri, S.

Community 70

Community Millennials Community Bank America 70

Gonzobanker

DECEMBER 19, 2017

Goes to new speculative and gutsy startup ventures in the credit union industry that include CUNA Mutual Vantage Analytics, the Constellation Digital Banking venture started out of Coastal Credit Union and the CU Ledger consortia now being led by former MasterCard executive John Ainsworth.

Conference 90

Conference Industry Community Bank Community 90

PYMNTS

JANUARY 2, 2017

From using virtual reality to overhauling the retail industry to shifting trends in cross-border payments, here are some of the highlights from our 2016 Trackers. Prpic and his team are hoping to use VR technology to transform luxury and high-end retail as we know it. DIGITAL BANKING TRACKER. DEVELOPER TRACKER.

Retail 123

Retail Millennials blockchain Mobile 123

PYMNTS

FEBRUARY 21, 2020

Not Chinese nationals just in from China, but any consumer who looks Chinese, even if they are an American who has never been closer to China than Chinatown in New York City. The firm is stopping operations in five states after it reportedly failed to meet the standards of Amazon. The $8 billion U.S.

Payments 130

Payments New York City Meeting New York 130

Tomorrow's Transactions

APRIL 7, 2015

From UK launch of digital bank Fidor hamstrung by payments providers – Telegraph ]. With respect to this point about the need for “sponsor banks”, who can access the payment system and under what circumstances, the PSR says that they propose an “Access Rule”. None has accepted Fidor as a customer.

Regulation 30

Regulation System Operations Payments 30