PYMNTS

MAY 27, 2020

The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. Deep Dive: Offering An End-To-End Customer Experience Through ATMs.

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ATM Innovation Meeting United States 243

Chris Skinner

MARCH 17, 2017

On Wednesday the American Office of the Comptroller of the Currency (OCC)* followed up on its promise last December to introduce a national bank charter for Fintech bank startups by issuing a white paper on how to apply for a licence, the evaluation process and what will be involved.

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Apple Innovation Fintech United States 307

PYMNTS

DECEMBER 10, 2020

Consumers were forced to swiftly adapt to a world where their primary way to interact with businesses or banks became digital-first, with the pandemic seemingly increasing the number of consumers turning to digital tools to conduct their financial activities. Developments From Around The World of Digital-First Banking.

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ATM Tools Study Mobile 233

PYMNTS

SEPTEMBER 23, 2019

The total number of CUs in the United States has decreased by 177 year-over-year, though, a sign that CU mergers and consolidations have concentrated more members in a smaller number of CUs. How Digital-First CUs Can Break The Impersonality Barrier. A study from the Cuna Mutual Group found that CU membership has increased 3.5

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social media Trends Michigan United States 157

PYMNTS

SEPTEMBER 14, 2016

Allpoint Network , a surcharge-free ATM network with 43,000 ATMs in the United States, announced the latest bank to join its ATM channel — First Tennessee Bank.

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ATM Tennessee United States National 100

PYMNTS

NOVEMBER 4, 2019

PSCU, a national payments credit union service organization, is teaming up with dispute management firm Lean Industries to process disputes, PSCU announced in a press release on Monday (Nov. Membership in credit unions (CU) based in the United States tops 115 million and loan volume continues to grow, as does asset size.

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Industry Management United States Risk Management 101

PYMNTS

NOVEMBER 10, 2020

The central bank and several other commercial banks collaborated on a cross-border bank account offering that Pakistanis overseas can use to store rupees and foreign currencies as well as to pay bills and make other transactions in the nation. customers to recipients in Asia and Europe.

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Report Fintech United States Meeting 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 ). Why, then, are banks continuing to spend two-thirds of their delivery channel investments on branches while investing only incrementally in digital-only? Slip inside the eye of your mind.

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Fintech United States Chicago Mobile 97

PYMNTS

OCTOBER 8, 2019

As Magnus Larsson, CEO of Majority , told PYMNTS in an interview shortly after the firm’s launch, no matter where they are from, where they work or how much they make, migrant workers all face a common problem in the United States: Financial services are not always easy to secure.

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Community United States Meeting Houston 126

PYMNTS

OCTOBER 1, 2019

The capital infusion is sought as Revolut attempts a five-nation expansion to include Singapore, Japan and the United States. The bank has dealt with some negative publicity this year, particularly around its working culture , which some have described as “ toxic.”

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United States Maine Compliance Cards 109

PYMNTS

OCTOBER 8, 2019

As Magnus Larsson, CEO of Majority , told PYMNTS in an interview shortly after the firm’s launch, no matter where they are from, where they work or how much they make, migrant workers all face a common problem in the United States: Financial services are not always easy to secure.

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Community United States Meeting Houston 116

PYMNTS

MAY 10, 2018

Bangkok Bank is able to offer direct access into the OurCrowd portfolio, and the latter’s platform is slated to top $1 billion in 2018. ZDNet reports that a digital bank, Neon Pagamentos, has found a partner to supplant a previous relationship. Within the FinTech space, there may be a resurgence of sorts for one firm.

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Capital Fintech Kansas United States 122

Gonzobanker

DECEMBER 14, 2023

Through a unique reverse merger structure and $400 million P/E injection, PacWest made it through a ring of fire and the two have created a $36 California business banking franchise while helping to calm a bank panic in the spring of this year. Merger of Equals Deal of the Year (Bank) – Burke & Herbert Financial Services Corp.

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Fintech Community Regional Technology 194

Gonzobanker

MAY 4, 2020

Here are a few of the recent deals (in no order) that caught my attention: MVB Financial/Paladin: MVB, a mid-size bank with a stated focus on serving fintechs, acquired Paladin, a specialty fraud prevention company with a suite for merchants, credit agencies, fintechs and vendors. SoFi/Galileo: This $1.2

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Fintech FDIC Capital Community Bank 109

PYMNTS

NOVEMBER 13, 2018

Millions of social security numbers are floating around the dark web in the wake of data breaches like those seen with Equifax, so efforts by the Social Security Administration can aid verification efforts by banks.

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Fraud Security United States Analytics 128

PYMNTS

APRIL 27, 2017

The United States bore the brunt of this rise, Haley said, in a number of ways. the nation most targeted for ransomware attacks — tend to respond to this form of cyberattacks. We used to think that cyberattacks on nation-states were just about stealing secrets,” Haley said. But it’s moved into doing more.

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US National Security United States 124

PYMNTS

APRIL 28, 2017

The United States bore the brunt of this rise, Haley said, in a number of ways. the nation most targeted for ransomware attacks — tend to respond to this form of cyberattacks. We used to think that cyberattacks on nation-states were just about stealing secrets,” Haley said. But it’s moved into doing more.

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Security Software National Report 157

PYMNTS

JANUARY 16, 2020

As stated in the agreement : “The United States emphasizes trade secret protection. But the nod seems there to more fully address where data and other types of information resides and how it is transferred between companies and between the two nations. Maybe call it the beginning of the beginning.

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Payments social media Operations Examples 132

PYMNTS

FEBRUARY 14, 2020

China’s central bank gave Mastercard the green light on Feb. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation.

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Retail Cards Millennials Fraud 141

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players.

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Innovation Fintech Online Mobile 15

CB Insights

JULY 25, 2019

While many Boomers and senior citizens may not be aware of the wide variety of fintech services available to them, such as digital banking, a number of tools exist that aim to raise awareness. . Elder financial exploitation is a common issue throughout the United States. Source: Capital One. Source: Capital One.

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Millennials Fintech Tools Fraud 73

PYMNTS

FEBRUARY 18, 2020

CEO Scott Sanborn said on an earnings call with analysts that the deal provides Lending Club with additional sources of funding and paves the path for the combined entity to become a digital bank. With the deal, said Sanborn, the combined company has “two sides f the bank balance sheet, at scale.”.

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Conference Lending United States Digital Banking 132

Fintech Labs Insights

JULY 20, 2020

But that doesn’t mean they don’t need specialized banking services. Finally, 25 years into the digital banking era, there are a half-dozen challengers focused entirely on serving small businesses and freelancers. Grasshopper Bank. The bank has raised $133M, more than double the other 5 combined.

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San Francisco Austin Video United States 15

PYMNTS

NOVEMBER 20, 2018

Israel’s Bank Leumi is planning to bring its online-only bank Pepper to the United States. Launched in 2017, Pepper is a digital banking venture that is initially offering individual accounts with plans to move into securities and mortgages, as well as joint banking options.

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Online US United States Mobile 128

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. THE VENDOR AWARDS.

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Conference Industry Community Bank Community 91

Tomorrow's Transactions

APRIL 7, 2015

The big four – Barclays, HSBC, Lloyds and RBS – act as sponsor banks with direct access to payments systems. From UK launch of digital bank Fidor hamstrung by payments providers – Telegraph ]. None has accepted Fidor as a customer.

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Regulation System Operations Payments 30

PYMNTS

JANUARY 2, 2017

DIGITAL BANKING TRACKER. The Digital Banking Tracker looks at how old ways of banking are evolving with the advent of faster technology that allows customers to get real-time updates on their accounts, share money with ease among contacts and even open accounts with a selfie. FASTER PAYMENTS TRACKER.

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Retail Millennials blockchain Mobile 123

PYMNTS

AUGUST 4, 2017

But Visa’s senior vice president of digital products, Sam Shrauger, told PYMNTS’ Karen Webster in an interview earlier this week that the story gets richer. As nations worldwide have been working to push toward a cashless standard, QR has turned out to be a remarkable applicable technology to that end. There were $5.5

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Payments Mobile United States Technology 124

PYMNTS

JULY 29, 2016

There are digital banks popping up just to woo them. Traditional banks are adapting services to attract more of them. In fact, if you added the population of China (#1) to the entire population of the United States (#3), Facebook users would still outnumber the group. Context + commerce = sizzle. Millennials.

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Apple Millennials Mobile Fintech 100