PYMNTS

APRIL 27, 2020

The number of online banking customers is growing worldwide, and FIs’ consumers are coming to expect seamless digital experiences as a result. One study recently determined that the number of digital banking users is expected to exceed 3.6 The Cloud and its Role in Banking Transformations. Starting at the Core.

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Digital Banking Tools social media Mobile 248

FICO

APRIL 7, 2022

Following the highly successful The 11 Commandments of Digital Banking eBook , we are publishing a series of 5 deeper dive blog posts that group the 11 Commandments below into common themes: Digital lift-and-shift is not a strategy! Customers expect financial institutions to provide an ample amount of security and protection.

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Digital Banking Security Fraud America 52

PYMNTS

FEBRUARY 23, 2020

JPMorgan Chase is taking steps to open a digital bank in the U.K. The banking firm has been talking with London regulators about the idea, according to The Financial Times on Saturday (Feb. bank Goldman Sachs launched a digital bank called Marcus in the U.K. by the end of the year.

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Digital Banking Lending Regulation Operations 255

PYMNTS

JANUARY 10, 2018

Alkami Technology , a startup providing banks and credit unions with digital banking technologies, has announced new funding. Separate reports in TechCrunch said the firm secured $70 million. Alkami offers financial institutions (FIs) a digital banking platform based in the cloud.

Digital Banking 108

Digital Banking Security Digital Strategies Innovation 108

PYMNTS

OCTOBER 30, 2020

In today’s top news, Mastercard reveals its AI tool Cyber Secure to help banks fight cyber breaches, and Amazon reported record-setting earnings. Mastercard’s Cyber Secure Uses AI to Help Banks Fight Cyber Fraud. EAF: New B2B Payment Tech Expedites Disaster Relief.

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Cyber Security Security Fraud Payments 148

PYMNTS

AUGUST 3, 2020

BankMobile, BBVA USA, BMO Harris, The Coastal Community Bank, First Independence Bank (a federally designated minority depository institution) and SEFCU will join Citi and Stanford Federal Credit Union in the offering beginning next year. “We 3) in announcing the bank’s agreement with Google. .

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Google Digital Banking Pennsylvania FDIC 239

PYMNTS

NOVEMBER 17, 2020

Lumin Digital announced today (Nov. 17) that it will provide Los Angeles Federal Credit Union (LAFCU) with its cloud-based online and mobile digital banking platform, according to a press release emailed to PYMNTS. At LAFCU, we continuously want to improve the products and services we offer.

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Los Angeles Digital Banking Analytics Mobile 192

PYMNTS

DECEMBER 4, 2020

4) chose four firms to receive digital banking licenses, including “digital full bank” licenses for Singapore-based Sea Ltd. to receive “digital wholesale bank” licenses. to receive “digital wholesale bank” licenses. MAS expects the new digital banks to commence operations in early 2022.

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Digital Banking Groups Meeting Fintech 164

Gonzobanker

APRIL 11, 2023

It’s one of a banker’s worst nightmares: the digital banking conversion that was designed to improve the customer experience fails – locking users out of their accounts, not showing balances, making wire transfer features inaccessible… It recently happened to a $25 billion bank in the Midwest. And to all … a good night.

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Digital Banking social media System Customer Experience 146

PYMNTS

DECEMBER 27, 2019

But change is in the air, and it’s the intoxicating scent of digital transformation. Specifically, the metamorphic impact of mobile open banking and instant payments has been the first real test of the trust bond that holds CUs together. Digital Unison. Strong balance sheets in key areas like credit card debt ($64.4

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Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

DECEMBER 10, 2019

PSCU’s Lumin Digital has converted over 10,000 Mutual Security Credit Union digital users to a cloud-based platform, Lumin Digital said in a press release on Tuesday (Dec. Our team worked in close coordination with the Lumin Digital team to execute a well-orchestrated conversion for our members.

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Security Illinois User Experience Digital Banking 130

PYMNTS

APRIL 30, 2020

Banks must now consider how to best expand remote services and emphasize these channels once consumers can safely visit branches again. This month’s Deep Dive examines how consumers are approaching digital banking and how FIs are leveraging online and mobile channels to prevent service gaps during the pandemic.

Digital Banking 150

Digital Banking Mobile Online Millennials 150

PYMNTS

MAY 14, 2020

To bolster global payments for businesses throughout the world, EMQ launched its new enterprise payment technology with same-day settlement functions in local currencies throughout eight countries. Last May, news surfaced that Shanghai Commercial Bank (SCB) was working with EMQ to bolster cross-border money transfers.

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System Payments America Security 255

FICO

MAY 8, 2020

Security and Authentication in a Digital World. For many years we’ve been reliant on usernames and passwords to secure digital accounts – but we know these aren’t adequate. Any new authentication methods as a minimum, must offer a suitable level of security and be acceptable to those that use them.

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Security Digital Banking Study Survey 83

PYMNTS

JUNE 29, 2020

digital banking apps such as Anna, Curve, U Account and Pockit since they depend upon the technology of Wirecard to handle payment processing, per the CNBC report. Apps like Anna and Curve depend upon eMoney licenses that let the platform take care of payments. After the U.K.’s The move affected multiple U.K.

Digital Banking 150

Digital Banking Cards Regulation Payments 150

Bank Innovation

FEBRUARY 25, 2019

Security firm Gemalto will offer biometric EMV payment cards to its bank customers using biometric company Fingerprint Cards’ T-Shape sensor and licensing its recently-launched Biometric Software Platform for payments. Gemalto’s roughly 300 digital banking […].

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Cards Payments Software Digital Banking 170

PYMNTS

JUNE 30, 2020

Careem , the Dubai-based ride hailing company, has entered into a partnership with Visa to expand digital payments. The agreement is expected to accelerate cashless payments and digital banking across the Middle East and North Africa, the companies announced.

Payments 207

Payments Security Regional Digital Banking 207

PYMNTS

NOVEMBER 24, 2020

The pandemic is reshaping banking. Generationally, we’re seeing individuals who maybe weren’t accessing their card accounts or their banking accounts on a regular basis through digital,” he said. Safety and security have been part of the drivers and [provide] the opportunity to re-educate the membership base,” he said.

Digital Banking 267

Digital Banking Analytics Mobile Cards 267

PYMNTS

OCTOBER 29, 2018

This is particularly true for legacy FIs, as they must now allow third parties — once considered competitors — access to customer transaction histories and other information, and give FinTech firms the ability to initiate payments from customer accounts to pay for goods and services. Adapting To Open Banking .

Security 192

Security Fraud Tools Data 192

PYMNTS

JUNE 21, 2020

HSBC Hong Kong ‘s new application programming interface (API) will simplify the payment system for businesses down to a one-stop payment hub, a press release says. The API will assist Futu with processing incoming funds in a more streamlined way.

Payments 359

Payments System Security Management 359

PYMNTS

SEPTEMBER 24, 2019

Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits.

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Mobile Payments Apple Millennials 246

PYMNTS

JANUARY 20, 2021

Bad actors have moved to take advantage of the rush to digital payments — particularly those made with debit cards — leaving banks and financial institutions (FIs) racing to keep them off their platforms. More Debit Payments, More Debit Fraud. Security And The Consumer Element . is huge,” Tremont said.

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Security Cards Mobile Fraud 130

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Or watch its digital disruption. Payments Security As A Digital Business Enabler.

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Security CA Payments Big Data 100

PYMNTS

FEBRUARY 21, 2020

FinTech has bought a bank, and it shows how digital-first firms can broaden their scale and reach with cross-pollination across financial offerings. The LendingClub announcement follows the news that mobile bank Varo received approval from U.S. Home sales were up 34 percent in the month, the best showing since 2012.

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Digital Banking Conference Samsung Fintech 224

Accenture

MARCH 24, 2017

With the introduction of PSD2, a new era of secure payments has begun in the European Union. PSD2 requires European banks and other payment service providers to allow customers’ accounts to be accessed via. PSD2 requires European banks and other payment service providers to allow customers’ accounts to be accessed via.

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Fraud Security System Payments 188

Accenture

MARCH 24, 2017

With the introduction of PSD2, a new era of secure payments has begun in the European Union. PSD2 requires European banks and other payment service providers to allow customers’ accounts to be accessed via. PSD2 requires European banks and other payment service providers to allow customers’ accounts to be accessed via.

Fraud 186

Fraud Security System Payments 186

PYMNTS

OCTOBER 12, 2018

With new risks come new solutions, and banks are taking this approach to data security: They are adopting technologies such as biometric authentication to protect sensitive information. billion: The projected size of the global banking cybersecurity market by 2026. Data: $248.26

Data 153

Data Digital Banking United States Security 153

PYMNTS

JANUARY 31, 2020

Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2). Around The Data Protection And Security World. About The Tracker.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

JANUARY 28, 2020

To ensure the security of transactions, Apple Pay does not store card numbers in any device or server. Each device is assigned a device account number that is encrypted and securely stored. In addition, transaction authorizations get a one-time unique dynamic security code. Customers can also change accounts when shopping.

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Apple Digital Banking Cards Security 141

PYMNTS

OCTOBER 1, 2020

The pandemic has exposed the pain points of all verticals when it comes to payments, and especially when it comes to transacting in person, in a tactile environment, with cash, and where banking conduits are limited. Banks have been inching into the space; cash still remains a hallmark.

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Payments Colorado Marketing Cards 271

PYMNTS

MAY 28, 2019

Much thought is given to millennials and even Generation Z — consumers who were born during fixed periods of time, and who are having an increasing impact on payments and commerce. But let’s not forget the role of the teenager in digital retail, financial services and transactions. million in fresh capital.

Digital Banking 139

Digital Banking Google Mobile Groups 139

Bank Innovation

FEBRUARY 2, 2018

As online banking becomes more popular, countries are grappling with cybersecurity. In Denmark, the advent of digital banking also saw almost a 60% jump in card fraud, Bloomberg reported yesterday.

Fraud 246

Fraud Digital Banking Cards Online 246

PYMNTS

SEPTEMBER 3, 2020

Only 26 percent of all consumer payments are made in the U.S. Beyond the wholesale shift to digital payments, Cole told PYMNTS in a recent interview, there are pockets of growth that are seeing more digital acceleration than others as lockdowns linger and businesses reopen on a staggered basis. The Demographics .

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Payments Security Millennials Retail 262

PYMNTS

JUNE 25, 2019

Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said.

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Community Bank Community Digital Banking FDIC 116

PYMNTS

NOVEMBER 13, 2020

Another related theme is the need for legacy core banking systems to upgrade in ways that don’t protract disruptions. The One-Stop Digital Banking Experience. This means immigrants will get access to deposit accounts, bill payment, cross-border transfers and more all via the same app.”. Fraud is another consideration.

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Payments User Experience Meeting System 259

PYMNTS

FEBRUARY 18, 2020

The PSCU company Lumin Digital has signed Bartlett, Tennessee-based First South Financial credit union to a multi-year digital banking and cloud computing agreement, Lumin announced on Tuesday (Feb. We are pleased to partner with Lumin Digital to provide these necessary digital banking services to our members.”.

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Tennessee Mississippi Digital Banking Payments 206

Bank Innovation

APRIL 9, 2018

EXCLUSIVE – Interested in the latest trends in payments, digital banking, blockchain technology, API, security, big data and all the other hot topics in the fintech space? Come join Bank Innovation’s Telegram Group.

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Innovation Big Data blockchain Trends 360