Independent Banker

FEBRUARY 28, 2022

These community bankers share how they collect positive reviews, and how to respond to negative ones. Your digital footprint outside of your own properties is increasingly how decisions are made,” says Rob Birgfeld, executive vice president and chief marketing officer for ICBA. How to respond to negative reviews.

How To 127

How To Community Bank Community Google 127

Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. The digital world has opened vastly broader avenues for community banks to attract new customers—especially if they partner with fintechs in their endeavors.

Fintech 136

Fintech Marketing Community Bank Community 136

PYMNTS

JANUARY 9, 2020

Amex Cleared To Operate In China. The central bank in China said it accepted an American Express application to start working in the country but did not say when Amex would begin operations. Airbnb: How To Win The $1.4T Hundreds Of FinTechs Move From UK To EU Ahead Of Brexit. Grubhub Mulls Sale As Market Share Drops.

CA 132

CA Operations California Payments 132

PYMNTS

APRIL 12, 2019

But FinTechs and financial institutions are increasingly crafting partnerships designed to help them both thrive in this global world of digital payment and commerce. It used to be — at least according to common perception — that FinTechs and financial institutions were viewed almost as cats and dogs, as natural, even eternal antagonists.

Fintech 168

Fintech Innovation Mobile Payments 168

PYMNTS

DECEMBER 12, 2018

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. Digital Demand.

Fintech 211

Fintech Mobile Analysis Technology 211

Gonzobanker

FEBRUARY 8, 2023

Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. According to CB Insights, fintech funding in the U.S. According to Cornerstone Advisors’ What’s Going On in Banking 2023 study, there are about 500 community banks and credit unions making direct investments into fintech startups.

Community Bank 107

Community Bank Community Fintech Leadership 107

PYMNTS

AUGUST 3, 2018

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability. FinTech Improvements.

Fintech 115

Fintech United States Regulation Innovation 115

PYMNTS

DECEMBER 18, 2020

Canadian FinTech Neo Financial said that it has raised CAD $50 million in a Series A funding round that included $25 million in funding and $25 million in debt facility financing. The company added that it is actively hiring and has 70 positions open across finance, marketing, operations, product and technology.

Fintech 163

Fintech Capital Cards Innovation 163

PYMNTS

SEPTEMBER 10, 2019

Startups may have great ideas for how to deliver mobile financial services but face challenges in convincing customers to entrust the new entities with their sensitive details. Deep Dive: How FinTechs, FIs Can Arm Up Against Fraud. To read the full story, download the Tracker.

Security 185

Security Fintech Fraud Compliance 185

PYMNTS

JUNE 5, 2020

Providing robust services via mobile channels is especially important now, as the COVID-19 pandemic has caused businesses to operate remotely and consumers to stay at home as much as possible. Such vigilant security means FinTechs must vet new customers and continually review existing ones for changes in their money laundering risk, he said.

Security 174

Security Fintech Data Fraud 174

PYMNTS

MAY 1, 2019

FinTech firms are tracking the evolution of digital commerce and payments while tapping into the experiences of their leaders. AvidXchange Chief Operating Officer Steve Boehm, for instance, got the chance to live life at a web 1.0 company through his experiences of roughly six years at eBay.

Fintech 161

Fintech Payments Innovation Software 161

PYMNTS

DECEMBER 11, 2019

10), Craig Moore, CEO of business financing platform Beehive , not only made the case for more P2P lending in the Middle East (the company is based in the United Arab Emirates), but also gave a larger view of the FinTech situation in that region as a new decade dawns. But in a new PYMNTS interview on Tuesday (Dec. But that’s not all. “We

Fintech 144

Fintech Lending Regional Regulation 144

Independent Banker

FEBRUARY 28, 2023

So, as you look to what’s next for your marketing plan, contemplate how partnering with a fintech can help you achieve business objectives. All three of these initiatives achieved impressive outcomes, yet the examples only scratch the surface of performance marketing’s potential.

Data 133

Data How To Community Bank Community 133

PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. In the U.K.,

How To 170

How To blockchain Compliance Regional 170

PYMNTS

OCTOBER 26, 2018

Indeed, this week did see some cybersecurity funding action, with several big-name backers participating in the $85 million investment for Team8 , a venture studio that explores how corporate collaboration can develop better cybersecurity tools and businesses. Reports did not reveal exactly how much of the $1.1 Nisa Finance.

Fintech 192

Fintech Capital Tools Management 192

NCR

MARCH 9, 2018

Of the various trends and changes driving the financial services industry at the moment, one that has prompted a lot of discussion is the growing importance of collaboration between established financial institutions (FIs) and smaller, emerging service providers, most notably fintechs. Image: Rawpixel via iStock.

Fintech 73

Fintech How To Exercises Innovation 73

PYMNTS

FEBRUARY 10, 2020

Digital payments FinTech startup Sezzle announced on Monday (Feb. “One million active users is a huge operational achievement, and a testament to the value our users see in our product. . “One million active users is a huge operational achievement, and a testament to the value our users see in our product.

Fintech 130

Fintech Minneapolis social media Retail 130

Independent Banker

AUGUST 31, 2021

The financial services industry is acting on this digital demand, incorporating fintech solutions, instant payments offerings and crypto banking products. For example, enabled by application programming interfaces (APIs), many community banks are embracing fintech solutions. In fact, 45% of U.S.

Trends 91

Trends How To Payments Community Bank 91

PYMNTS

DECEMBER 23, 2020

That way, younger consumers can learn how to use money in a digital world for spending, but also how to manage it better as they get older — all while still being overseen by their parents. More than a half-million users signed on within the first six weeks of operation.

Fintech 322

Fintech Cards FDIC Lending 322

Independent Banker

DECEMBER 1, 2021

However, data from PwC shows that community banks are finding complementary partnerships that evolve their operations and the service they provide customers. Over the next 3-5 years, 82% of financial institutions expect to increase their partnerships with FinTechs, with an average return on investment of 20%.

Community Bank 91

Community Bank Community Fintech Guidelines 91

PYMNTS

DECEMBER 28, 2018

One of the biggest shifts in banking that FinTech newcomers ushered into the market is the demand among customers for advisory services. What some financial institutions have come to realize is that collaborating with FinTechs can enable them to offer cutting-edge solutions while reserving resources to invest in meeting those advisory needs.

Fintech 177

Fintech Customer Experience Tools Technology 177

PYMNTS

MARCH 13, 2019

But mobile devices are an increasingly important part of a small business’ financial management strategy, adding another channel on which banks and FinTechs must innovate to disrupt and improve SMB finances. One of the biggest impacts of mobile-based services will be the shift from weekly or monthly processes to operating in real time.

Mobile 169

Mobile Fintech Software Tools 169

PYMNTS

JANUARY 17, 2018

The commercial card and expense management market is yet another space in which collaboration between FIs and FinTechs has proved key to driving innovative tools – especially as corporates grow weary with the traditional legacy services their banks provide. ” The Power of Data.

Fintech 187

Fintech Data Cards Innovation 187

PYMNTS

SEPTEMBER 27, 2018

This is a big deal, she added, because, for the first time, NovoPayment is seeing corporate customers coming to FinTech firms for solutions to then bring to banks and financial institutions (FIs). The fuel for that trend comes from treasury and operations professionals being pressured to digitize payments and processes. Locals are key.

Fintech 179

Fintech Payments America Innovation 179

Abrigo

APRIL 19, 2016

Further safe and sound operations through effective risk management. Brian Hamilton, chairman and co-founder of Sageworks, says the issue of how to respond to innovation is important, especially for community banks, which make up 97 percent of all U.S. Promote ongoing dialogue through formal outreach. Collaborate with other regulators.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

PYMNTS

OCTOBER 29, 2019

The real estate industry is a popular target for FinTech innovators, particularly when it comes to new services and products that target renters and homeowners. The opportunities of real estate FinTech are vast, and innovation is far from slowing down, according to Ian M.

Innovation 103

Innovation Fintech Industry Tools 103

PYMNTS

SEPTEMBER 25, 2019

The interview happened during a time of expansion and aggressive future planning for the company, a small business and consumer micro-lending technology company that operates in Nigeria. FinTech is helping to transform daily consumer life in Nigeria and other developing markets. Our vision is to be a one-stop shop,” Hainy told Webster.

How To 130

How To Lending Digital Banking Examples 130

PYMNTS

FEBRUARY 23, 2017

Banks and FinTechs are going in on blockchain technology , as two separate reports released earlier this month conclude. Analysis from Corporate Insight and Infosys Finacle say banks and FinTechs are readying increased involvement and investment in distributed ledger technologies.

Fintech 115

Fintech blockchain Survey Technology 115

Insights on Business

FEBRUARY 19, 2016

These firms collectively known as FinTechs or Financial Technology firms are disrupting the banking industry by dis-intermediating across a banking customer’s financial value chain. What can banks learn from the FinTechs? This will help maximize the impact and value for both topline growth and bottom-line optimization.

Fintech 132

Fintech Video Lending Industry 132

Bank Innovation

FEBRUARY 22, 2017

Innovation groups are a relatively recent, but an increasingly important, addition to traditional bank structures. FIs employ different approaches when forming those teams: some banks have full-time, devoted engineers and technologists, while others source their existing employee-base to bring in a mixture of expertise from different departments.

Innovation 290

Innovation How To Groups Operations 290

PYMNTS

DECEMBER 18, 2018

” Kepczyk described this market as the “wild west,” as more technologies and FinTech innovators enter the small business financial services space, not only to automate, but to provide deeper insights into company finances and enable predictive analytics involving too much data for one (human) accountant to manage. .

Management 134

Management Fintech Tools Technology 134

PYMNTS

MARCH 12, 2020

Open banking and bank-FinTech collaboration can be an effective way for financial institutions (FIs) to launch new digital products. Below, PYMNTS rounds up the latest tie-ups and data sharing efforts as institutions explore how open banking models might accelerate their modernization efforts. Yet maturation is low.

Lending 194

Lending Risk Management Fintech Community 194

PYMNTS

AUGUST 10, 2017

The emergence of FinTech operators has definitely thrown a fair amount of challenge to players like us. FinTech operators are very nimble. Many of the issues we face are being addressed by collaborating with FinTech entities and the innovative solutions they have brought to market. Let me give you an example.

How To 136

How To Risk Management Technology US 136

PYMNTS

OCTOBER 3, 2017

That is the opportunity that FinTech has: What we have to do as an industry is find innovative ways to serve small businesses and give access where access is lacking,” said Okeshola. FinTech, Okeshola said, can offer SMBs streamlined access to funds in ways that are unprecedented. Promise And Problems.

Lending 108

Lending Fintech Capital Marketing 108

PYMNTS

DECEMBER 28, 2020

And as FinTechs continue to challenge banks, but also offer new opportunities within the B2B space, they’re advancing a corollary to the build vs. buy question: How about partnerships? Drilling down a bit into those innovation efforts, he said, FinTechs and software companies, in general, are trying to become payment companies.

Payments 215

Payments Innovation Software Fintech 215

PYMNTS

JULY 1, 2016

JPMorgan just launched its own version of a FinTech accelerator, but with a twist. That’s all part of JPMorgan’s Corporate and Investment Bank’s new strategy for a program called In-Residence , a FinTech startup-like lab designed to help young companies overcome industry challenges.

Fintech 103

Fintech Innovation Big Data Industry 103

PYMNTS

OCTOBER 1, 2018

As financial institutions (FIs) invest in technology in an effort to position themselves more competitively against FinTech firms, the development of so-called chat bots and “robo advisors” has accelerated.

How To 177

How To Data Technology Meeting 177