PYMNTS

SEPTEMBER 14, 2017

Banks and FinTechs have been both competitors and collaborators in the financial services space. In recent years, banks have even seen greater competition in the lending market from new FinTech players that can quickly approve loan applications and distribute funds to lenders. New tools for new FinTechs. An ‘API-first’ strategy.

Innovation 191

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PYMNTS

JANUARY 28, 2020

Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic advantages. One such innovation comes from credit union service organization (CUSO) PSCU , which recently released a desktop automation system to optimize CU call centers. million in 2019.

Innovation 155

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PYMNTS

APRIL 24, 2020

COVID-19 has closed bank and credit union (CU) branches across the United States, sending the demand for digital banking solutions soaring as consumers hop online to manage their finances from home. However, CUs are not the only financial institutions (FIs) looking to offer digital banking innovations to their members. percent and 72.5

Data 187

Data Innovation Digital Banking Meeting 187

Abrigo

SEPTEMBER 11, 2023

DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when. Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences.

Risk Management 195

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PYMNTS

SEPTEMBER 28, 2020

Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. Now, users can download the bank’s mobile app to establish personal bank accounts in as little as three minutes, according to the report. It was one of eight such recipients, the report stated.

Groups 272

Groups Fintech Mobile Report 272

CB Insights

SEPTEMBER 10, 2020

After a difficult first quarter, fintech funding rebounded in a big way in Q2’20. Free Download: State of Fintech q2’20. Fintech funding rebounded in Q2’20 but deal activity continues to fall. Below, we answer some of our readers’ most pressing questions from the webinar on the state of fintech.

Fintech 46

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PYMNTS

SEPTEMBER 20, 2018

As a result, there is no industry standard for how to manage inter-business payment flows, and companies are usually forced to expend precious time collectively negotiating just to settle their bills. With spiking investments in digital payment solutions, the B2B sphere appears to finally embrace innovation. We may soon have an answer.

Innovation 124

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CB Insights

MAY 20, 2022

This round drew participation from Coatue Management, Insight Partners, and Tiger Global Management, among others. <span Download the report to learn more.</p> q1 2022 brought a -18% decline in quarterly fintech funding. .</p> q1 2022 brought a -18% decline in quarterly fintech funding.

Innovation 57

Innovation Regional Fintech Payments 57

PYMNTS

AUGUST 10, 2017

Banks and FinTech companies have a complicated history. While traditional banks offer a more established and tested set of products, the offerings of newer FinTech companies — such as real-time data, streamlined payments and quick notifications — are helping these new players encroach on banks’ territories. Why the tension?

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PYMNTS

JULY 1, 2020

But one thing is clear: Americans would be willing to dispense with their local bank and make Amazon , Apple or Google their primary payment account provider if those 21 st -century accounts allowed them to more easily manage and spend their money. A PYMNTS survey of 3,000 U.S. The results?

Survey 183

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PYMNTS

JULY 19, 2018

It’s no secret that banks and FinTechs are collaborating at a rate faster than ever before. The need is there for a comprehensive approach for risk management, which in turn means that both FinTechs and FIs need a strong, consistent strategy and roadmap from the very start of collaborations.

Fintech 107

Fintech Risk Management Big Data Management 107

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’s still going under the stewardship of fintech famous Jim Marous, who modernized the name to Digital Banking Report (and recently opened the archives for free access).

Innovation 15

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PYMNTS

FEBRUARY 5, 2020

FinTech firms show less reluctance, however, and many of these companies are seizing APIs to launch new offerings for SMBs. Cloud financial management provider Sage Intacct is one company seeking to leverage APIs to better serve SMBs. To get the full scoop, download the Tracker. Around The B2B API World.

Payments 195

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Chris Skinner

APRIL 30, 2018

Here are my headlines: 76% of millennials are looking for new forms of banking 40% of people in their twenties have downloaded a money management app 80% of millennials … The post The future of money (research report) appeared first on Chris Skinner's blog.

Report 280

Report Millennials Management Digital Banking 280

PYMNTS

DECEMBER 28, 2020

Many CUs have since leaned into these efforts with digital innovations aimed at a range of issues, such as tackling fraud or enhancing members’ remote banking access. The new cloud-based system can help FIs manage loans from origination and review to renewal and modification. To get the full story, download the Tracker.

North Carolina 197

North Carolina Houston Fraud Innovation 197

CB Insights

APRIL 22, 2020

GET THE 102-PAGE State of fintech REPORT. Download the free report for all the details. Below, we dig into how the financial difficulties that many SMBs face could impact fintech companies (especially B2B fintech startups). What a cash flow crisis means for fintech companies.

Fintech 87

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PYMNTS

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. APIs invite innovative changes to banking. To read the story, download the latest Tracker. . contact-form-7] About the Tracker.

Strategy 190

Strategy Report Lending Fintech 190

Celent Banking

MARCH 31, 2015

Last week was busy for Celent: on Monday we hosted our annual Innovation and Insight Day at Carnegie Hall (more on that later). The Banking Team recognized nineteen model banks across five categories: Digital; Omnichannel; Legacy and Ecosystem Transformation; Innovation and Emerging Technologies; and Payments.

Innovation 100

Innovation social media Conference US 100

Abrigo

OCTOBER 4, 2022

Several factors make this rising-rate environment different, so strong asset/liability management is critical for increased earnings. DOWNLOAD . Takeaway 1 Banks and credit unions can increase earnings in a rising-rate environment with careful asset/liability management. Lean on innovation. 5 rate hikes. Whitepaper.

Strategy 195

Strategy eBook Security Management 195

PYMNTS

FEBRUARY 25, 2020

As the report states, “We … find that a significant share of consumers are willing to bank with the institutions — financial or otherwise — that offer them the best spending and money management tools.”. Does any doubt remain that banks and legacy FIs are next on the Silicon Valley hit list? Mobile Cards: Make or Break?

Mobile 153

Mobile Cards social media Survey 153

PYMNTS

AUGUST 4, 2017

The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies. faster payment system. The use cases are going to keep growing,” Giorgio said. .

Community Bank 116

Community Bank Community Innovation Millennials 116

Abrigo

MARCH 7, 2022

You might also like this whitepaper on combatting domestic terrorism financing DOWNLOAD . Takeaway 2 Planning ahead and informing management of expected changes will help financial institutions adapt to anticipated rules and guidance. Manage with caution and have a good quality assurance process in place.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

PYMNTS

DECEMBER 14, 2017

Banks and FinTechs may have had frosty relations in the past , but new open API ecosystems are now enabling former competitors to collaborate and grow their respective businesses. Specifically, these financial institutions (FIs) must learn how to collaborate and innovate at a considerably faster pace. API economics 101.

Fintech 173

Fintech Innovation Apple System 173

Abrigo

MARCH 11, 2022

You might also like this whitepaper on combatting domestic terrorism financing DOWNLOAD . Takeaway 2 Planning now and informing executive management of expected changes will enable NBFIs to move forward with anticipated rules and guidance. Manage with caution and have a good quality assurance process in place to satisfy regulators.

Regulation 195

Regulation cryptocurrency Policies Management 195

Chris Skinner

JULY 3, 2017

These changes have empowered customers in the way they choose to manage their finances. These innovations are helping us to manage our finances more easily. Whether we want to visit our local bank branch, use a mobile or internet-bank, there are more ways we can now choose to access and manage our money than ever before.

Mobile 286

Mobile Cards Video Management 286

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. The selection was based on several factors, including company-submitted data, business model, tech innovation, marketplace momentum, team strength, and more. First name.

Fintech 80

Fintech US Lending Cards 80

FICO

AUGUST 1, 2018

Luckily, Decision Management (DM) technology has been invented and has come a long way since AC/DC released this epic anthem in 1975. With solutions like the FICO Decision Management Platform (DMP), the journey from novice to rockstar can be faster than a speed metal riff. trillion. Merchant Onboarding: The need for speed.

Management 58

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PYMNTS

AUGUST 19, 2016

The Future Of FinTech? Japan’s Financial Services Agency (FSA) announced its own plan to boost the FinTech market by making it easier for companies to collaborate with the financial technology industry. The move is a significant one for a country that has long been considered a “laggard” in embracing the FinTech revolution.

Fintech 100

Fintech Mobile Guidelines System 100

PYMNTS

APRIL 28, 2020

FIs and FinTechs are promoting social distancing by providing online card applications and virtual payment cards to help customers avoid using cash or visiting bank branches. Consumers complying with stay-at-home orders are turning to digital banking services to help them manage their finances while avoiding public spaces like bank branches.

Digital Banking 238

Digital Banking Los Angeles Cards California 238

Chris Skinner

FEBRUARY 21, 2017

You can download and listen to this interview if you prefer] This isn’t your first startup. And then, GoCardless in 2011, we founded it, myself and my two co-founders, Matt and Hiroki, and I was there for almost three years, and that was my first experience with FinTech. I think the word FinTech wasn’t yet around.

Study 283

Study Training Fintech Digital Banking 283

PYMNTS

AUGUST 9, 2017

The rivalry between banks and FinTechs has, at times, been tense if not downright combative. Over in India, Innoviti Payments Solutions is making a big investment in its own platform that provides lending services for smaller merchants. Are APIs the ‘common language’ banks and FinTechs need to collaborate? In the U.S.,

Lending 192

Lending Fintech Trends Security 192

CB Insights

DECEMBER 19, 2019

From payments to insurtech to lending, fintech companies are attracting investor attention. In 2018, startups in the space raised more than $45B, a record amount, while Q3’19 fintech funding recently clocked in with a quarterly record of nearly $9B. GET THE 88-PAGE q3 2019 FINTECH TRENDS REPORT. Data is as of 12/19/2019.

Fintech 51

Fintech Regional Analytics Groups 51

PYMNTS

JUNE 27, 2018

As recent research from PYMNTS reveals, the most innovative FIs know that providing exceptional service to their consumer base comes down to focusing on three key components: user experience, digital technology and data analytics. Consumers expect digital banking products that are easy to use and help improve the management of their finances.

Data 129

Data Customer Experience User Experience Innovation 129

PYMNTS

MARCH 10, 2020

In B2B FinTech, spend management is a greenfield opportunity as innovators explore how to help corporates understand the nuances of how money flows out of the enterprise. The many layers of spend management software traditionally have had nothing to do with payments,” he said in a recent interview.

Data 147

Data Management Software Cards 147

PYMNTS

OCTOBER 18, 2019

It’s not a separate app to download or service to sign-up for — it works through the mobile banking app a user has. WHSmith is excited to launch Mastercard’s innovative new payment method, Pay by Bank app. Managing director since 2017, Dobbie is leading Vocalink in the expansion of B2B payment services in the U.K.

Retail 116

Retail User Experience ATM Security 116

Gonzobanker

FEBRUARY 11, 2021

But some things do change, and according to Cornerstone Advisors’ 2021 What’s Going On In Banking study, the change in three priorities signal a shift in how FIs are managing technology: 1. A few institutions indicated they’ll roll out new treasury management services in 2021. Improving efficiency. The Organizational Solution.

Lending 128

Lending Fintech Technology System 128

PYMNTS

SEPTEMBER 12, 2018

FinTech security solution provider Deposit Solutions , for one, recently wrapped up a funding round worth $100 million, the second largest round ever received by a German FinTech player. The company recently announced a strategic alliance with digital consent management and open banking platform provider consents.online.

Security 139

Security Report CA Fraud 139