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. The cut comes after the retailer announced a $1.5

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

Bank Innovation

DECEMBER 29, 2019

to apply for a full digital banking license, jumping aboard a Singapore government initiative to attract technology firms into its financial sector. A Grab entity will own a 60% stake in the consortium that will apply for the bank license in Singapore, while the telco known […]. Grab Holdings Inc.

Digital Banking 243

Digital Banking Technology Customer Experience Compliance 243

Insights on Business

APRIL 28, 2017

Recently, new digital technologies – driven by cloud, mobile, social media and analytics – have significantly lowered entry barriers and put customers much more at the center of the banking relationship. At the same time, regulators in many countries also have relaxed regulations to encourage innovation in the banking industry.

Digital Banking 171

Digital Banking User Experience Branding social media 171

PYMNTS

SEPTEMBER 11, 2019

In France, Treezor , a banking as a service platform, said this week that has deployed the Thales SafeNet Data Protection On Demand solution for what is being billed as “safety across the entire payment chain, from tier one banks and neo banks to crowdfunding organizations,” as noted in a release. Banking on Banking Licenses.

Digital Banking 177

Digital Banking Regulation Payments cryptocurrency 177

PYMNTS

JULY 1, 2019

While it gears up to apply for a digital banking license in Singapore, cross-border payments firm InstaReM is reportedly seeking lending business partners. InstaReM , which was started in 2014, is regulated in Singapore, Canada, Hong Kong, Australia, India, Malaysia, the U.S. and the European Union.

Digital Banking 123

Digital Banking Lending America Report 123

PYMNTS

JULY 8, 2019

Regulators, particularly in the nations with the largest swaths of unbanked consumers, will say it offers users no easy way to cash in, cash out or reliably spend the Libra currency. The appeal of the banking license is it ensures the fact that they can provide the full spectrum of services,” he said. “But The Wider Future.

Digital Banking 176

Digital Banking Innovation Cards Lending 176

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

PYMNTS

NOVEMBER 19, 2019

The Monetary Authority of Singapore is offering as many as five digital banking permits to non-banks to boost competition. While Ant didn’t reveal if it would pursue a retail or wholesale license, it will be easier for it to obtain the latter. billion ($1.1 billion) in capital and local control.

Digital Banking 101

Digital Banking Capital Taxes Groups 101

CB Insights

MARCH 8, 2018

Digital banking startups — or challenger banks — have gained traction over the past few years by bringing retail banking services mobile. Banks in Fintech: what’s ahead in 2018. Join us for data-driven look at how major banks are approaching fintech investments and taking on insurgents.

Retail 78

Retail Digital Banking Fintech Regulation 78

PYMNTS

DECEMBER 1, 2019

In December 2018, it became the first P2P lender to be granted a conditional banking license by the Financial Conduct Authority (FCA), with plans for its digital bank offering to include a fixed-term savings product, a credit card and a money management app. since its inception.

Digital Banking 142

Digital Banking Capital Regulation Lending 142

PYMNTS

OCTOBER 11, 2017

That’s because retailers have so far been quick to jump on the connected commerce bandwagon. Banks, well, haven’t. But, he added, with many banks thinking about how to leverage technology and innovation to better serve clients, getting executives to engage has become easier. Maybe it comes down to regulations.

Retail 118

Retail ATM San Francisco Chicago 118

Bank Innovation

MAY 29, 2018

A lot happened in the digital banking world this month, from major events in the payments worlds like PayPal acquiring iZettle for $2.2 billion only days before its IPO to major regulations such as GDPR going live last week.

Trends 246

Trends Fintech Innovation Digital Banking 246

FICO

FEBRUARY 12, 2023

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. Read the full customer development post 4.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

PYMNTS

OCTOBER 16, 2020

It’s been another busy week in the world of payments and commerce, with the expansion of installment point of sale (POS) credit and digital banking. banking license. Afterpay went in-store with major retailers in the U.S., Digital Banking Innovation . banking license. in time for holiday shopping.

Report 176

Report San Francisco Payments Digital Banking 176

CFPB Monitor

DECEMBER 19, 2019

The OCC and FDIC have issued a joint proposal to revise their regulations implementing the Community Reinvestment Act (CRA). Although the Federal Reserve, OCC and FDIC, are the primary CRA regulators, the Fed did not join the proposal and presumably will issue a separate proposal. Clarification and expansion of activities.

FDIC 78

FDIC Regulation Community Retail 78

PYMNTS

DECEMBER 26, 2019

That process will entail accelerating payments system reform, adding new categories of financial services providers, and using the digital payments infrastructure to make the supply of traditional banking services accessible to everyone.

System 209

System cryptocurrency Digital Banking Survey 209

PYMNTS

JULY 23, 2020

Open banking has been picking up steam in Latin America for more than two years. Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. The creation of open banking initiatives in the E.U.

America 165

America Regulation Regional Tools 165

Chris Skinner

MARCH 15, 2017

For example, it shows that the UK retail banking market place has become a dull playground thanks to mergers and acquisitions over the past half century: As a result, the six large banking groups held an 89% market share of the current account market. Anyways, there is some key metric data in the report.

Regulation 291

Regulation Retail Survey Mobile 291

PYMNTS

OCTOBER 21, 2020

In April, for example, the EBF, European Association of Co-operative Banks (EACB) and the European Savings and Retail Banking Group (ESBG) said that tech-driven priorities include the development of instant payments capabilities across the EU and robust data sharing.

Data 317

Data Regulation National Examples 317

Celent Banking

NOVEMBER 11, 2015

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. The timing will undoubtedly put pressure on regulators to push through strong regulation.

Cyber Security 100

Cyber Security Regulation Security New York 100

Gonzobanker

AUGUST 31, 2021

Checking fee income is facing extreme downward pressure during 2021, influenced by competitive factors and the specter of greater future regulation. Non-Interest Income’s Impact to the Consumer Banking Model. But it comes with a pile of unintended consequences. The Unintended Consequences of Waiving Overdraft Fees.

Strategy 132

Strategy Analytics Retail Mobile 132

CB Insights

OCTOBER 10, 2018

See which startups are helping JPMorgan, Bank of America, and Citi build the digital banking platforms of the future. Why now for digital banking startups. Digital banking adoption among consumers and small businesses (SMBs) is at an inflection point. Incumbents Play Catch-Up. savings accounts.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

FEBRUARY 11, 2020

A judge rejected a request by Uber and Postmates to stop new California regulations on gig economy workers. NEW DATA: Consumers Like Cashier-less Retail But Retailers Aren’t Hitting The Mark. The approval is part of the country’s decision to open its financial system, part of the “phase one” trade deal with the U.S.

Marketing 150

Marketing Payments Retail California 150

Cisco

MAY 29, 2019

In retail banking, it’s clear customer experience matters, and the stakes have never been higher. 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? According to the J.D.

Customer Experience 71

Customer Experience Retail San Diego Study 71

Bank Innovation

DECEMBER 7, 2016

Year-old Citi Fintech, the digital banking sub-brand of Citigroup Inc., That may seem like a long time by startup reckoning, but it’s not so bad for a (gigantic, regulated, global) bank. has launched its first product.

Fintech 150

Fintech Digital Banking Regulation Branding 150

PYMNTS

JULY 22, 2020

And in bank regulation, open banking is developing at a fast clip in Brazil, while the pandemic may have sped up the digital banking shift in many markets beyond the region. 86%: Share of global banks seeking to use APIs for open banking within the next year. All this, Today in Data. Data: .

Innovation 130

Innovation Regional Data Digital Banking 130

PYMNTS

NOVEMBER 1, 2018

These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping. Payments in this market require “transparency, integrity and trust with regulators,” he said. ”

Taxes 122

Taxes California Regulation Innovation 122

Bank Innovation

FEBRUARY 11, 2020

This week, digital banking startup Varo received approval from the Federal Deposit Insurance Corporation, a significant milestone in the company’s three-year quest to become a bank.

Digital Banking 293

Digital Banking Company Innovation Strategies FDIC 293

PYMNTS

MAY 9, 2019

The banking regulator in Hong Kong has issued an additional four online-only banking licenses to Ping An, Alibaba, mobile phone maker Xiaomi and a joint venture (JV) consisting of Tencent, ICBC and Hillhouse Capital. Reuters is reporting that this totals eight total licenses handed out by the government.

Online 171

Online Capital Regulation Fintech 171

PYMNTS

DECEMBER 28, 2020

In today’s top news in digital-first banking, financial regulators in China are moving to check the influence of Jack Ma’s Ant Group, while the second pilot of a digital yuan by the People’s Bank of China has concluded. China's Central Bank Tells Ant Group To Concentrate On Payments Business.

Groups 156

Groups Payments Conference Regulation 156

PYMNTS

NOVEMBER 15, 2019

Deutsche Bank Admits Widespread Payment Failures To BoE. Deutsche Bank told U.K. regulators that it still has ongoing problems processing high-value payments despite more than three years of remediation efforts. million American adults subscribing to some type of subscription retail product offering.

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

JANUARY 13, 2020

In today’s top payments news, Wells Fargo is trying to revamp its approach to technology to appease regulators, and Goldman Sachs finally launches a mobile app for its online-only bank, Marcus. 8, three years after launching the digital-only bank. Also, Karen Webster examines the economics of delivery aggregators.

Mobile 131

Mobile Payments Regulation Resources 131

Cisco

MAY 29, 2019

In retail banking, it’s clear customer experience matters, and the stakes have never been higher. 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? According to the J.D.

Customer Experience 48

Customer Experience Retail San Diego Study 48

Bank Innovation

OCTOBER 29, 2019

Digital banking brand Varo has 1 million customers, and is pushing ahead with plans to become a nationally-chartered bank early next year, CEO Colin Walsh told Bank Innovation Tuesday.

National 284

National Innovation Digital Banking Branding 284

PYMNTS

OCTOBER 17, 2018

A few weeks before the CCC issued its final licenses, GFA Federal Credit Union of Gardner, Massachusetts, announced it would be willing to work with legalized marijuana businesses, extending financial services to the industry and providing marijuana retailers with the same financial benefits used by traditional businesses.

Colorado 126

Colorado Massachusetts US Industry 126

Bobsguide

JULY 7, 2022

Financial institutions and retail brands gain a new embedded finance platform to help consumers access regulated loans at point-of-sale, powered by Banking as a Service. This cost-effective solution delivers consumers a safer, regulated alternative when it comes to POS financing.

Lending 68

Lending Seattle Regulation US 68

PYMNTS

JUNE 15, 2020

In today’s top news, ByteDance joins the race for one of Singapore’s five digital banking licenses, and American Express has received initial approval to process transactions in China. TikTok’s ByteDance Bids For Singapore Banking License. Senate Committee To Consider Telehealth’s Future.

Guidelines 131

Guidelines Payments Digital Banking Company 131