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Oregon-Based Simple Bank Laying Off Nearly 10 Percent Of Workforce

PYMNTS

Portland, Oregon-based online bank Simple reduced its workforce by nearly 10 percent earlier this week, marking its second round of layoffs in 2017. “We have been acting like a bank instead of a technology company. “We “We have been acting like a bank instead of a technology company.

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i2c, Sightline Team Up For Cashless Cross-Channel Gaming 

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Digital banking and payments firm i2c is partnering with next-generation commerce firm Sightline Payments to deliver cashless, mobile and omnichannel programs to over 45 gaming resorts, state lotteries, digital gaming and sports betting sites across eight states, i2c announced on Wednesday, Feb. There are more than 2.5

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New Report: How Behavioral Analytics Help FIs Block Fraud At The ITM

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Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. Developments From Around The World Of Digital-First Banking. billion by 2024.

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Top News In Payments: More Companies Ponder Malaysia Banking Application; Vodafone Bails On Libra

PYMNTS

In today’s top news, Grab, Razer, AirAsia and CIMB join other companies considering applying for one of five digital banking licenses in Malaysia, and Vodafone leaves the Libra Association. Grab, Razer, AirAsia, Others Ponder Malaysia Banking Application. Also, Big Rech shines at the first day of Davos. Vodafone Bails On Libra.

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REPORT: Credit Unions Go The (Social) Distance With Mobile Banking Tools

PYMNTS

Despite these hurdles, members’ adoption of mobile apps and other digital tools shows no signs of slowing. It is thus incumbent upon credit unions to listen to members’ feedback as they work to enhance their mobile and online offerings — or else risk losing them to competitors who provide superior experiences.

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