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After The Disruption: Alt-Banking Goes Straight, Chases Bad Guys

PYMNTS

As alt-banking matures and FinTechs mushroom, challenger banks are losing their cool “disruptor cred” and blending into the banking landscape. Their rebel veneer fading, challenger banks and FinTechs are learning the price of being just another part of the financial ecosystem. Not as cool.

San Diego 131
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Mitek Unveils Update For Mobile Banking Deposits

PYMNTS

The technology update “will help customers get access to funds securely and quickly,” the San Diego, California-based firm said, adding that the new release will give financial institutions (FIs) “even more control over” the mobile deposit feature.

Mobile 130
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How Axos Bank Uses Multilayered Filtering To Keep Bad Bots Out And Good Bots In

PYMNTS

Digital FIs are particularly concerned about fraud’s threats, including San Diego-based Axos Bank , which has more than $12 billion in assets to protect and sees the constant battle with “bad” bots as a never-ending arms race. “We Simple techniques like that don’t scale for a digital bank like us.”.

Fraud 141
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The Best Opportunities for Retail Banks to Improve Customer Experience

Cisco

But, when it really comes down to it, how can banks, saddled with regulations and security challenges, compete with the experiences offered by customer-obsessed tech powerhouses and agile fintechs? Features such as end-to-end online account opening and simple, secure ID verification tell customers “we see you, and we value your time.”

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The Best Opportunities for Retail Banks to Improve Customer Experience

Cisco

But, when it really comes down to it, how can banks, saddled with regulations and security challenges, compete with the experiences offered by customer-obsessed tech powerhouses and agile fintechs? Features such as end-to-end online account opening and simple, secure ID verification tell customers “we see you, and we value your time.”

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2020 GonzoBanker Awards

Gonzobanker

By meeting the deposit and banking needs of customers and members minus branch systems that were shuttered in a two-week period. Mixed Metaphors Quote of the Year Bank EVP recruited into the industry six years ago from being a CTO in other industries: “Banking has a decent coat of paint on it, but you get in here and it’s duct tape and bad.”.

Idaho 181
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Fintech Fundings: 20 Companies Raise $300 Million Week Ending July 17

Fintech Labs Insights

Online alt-lender. Mobile banking platform. HQ: San Diego, California. Digital payments solutions. Tags: Payments, prepaid cards, digital banking, mobile, global payments. Source: Finovate. Merchant-issuer collaboration software. HQ: Toronto, Ontario, Canada. Latest round: $45 million. RealtyMogul.

Fintech 12