PYMNTS

NOVEMBER 1, 2019

Merchants and disbursements providers need to innovate quickly to stand up against their competitors, many of which are smaller FinTechs or startups that can capitalize on the host of customers that near-exclusively transact and receive money through digital and mobile devices. Around The Disbursements World.

Lending 112

Lending Trends Payments Mobile 112

PYMNTS

JULY 7, 2020

The small- to medium-sized business (SMB) lending industry is used to adaptation, especially since the 2008 financial crisis, when legacy financial institutions (FIs) began pulling back and FinTechs and digital players stepped up in the space. Outdated Lending Practices Fail To Meet SMBs’ Current Needs .

Lending 138

Lending Study Industry Tools 138

PYMNTS

FEBRUARY 19, 2019

Those who work in and around high tech and innovation are lulled into a narrative about progress being on a march ever forward, rarely slowing, never stopping and certainly never turning around and marching in the wrong direction. . Even worse, it’s having an impact on how quickly their innovations can get to market.

Innovation 160

Innovation Fintech Marketing Study 160

Bank Innovation

JUNE 11, 2019

According to a new study commissioned by Divido, a white-label platform for point-of-sale lending, three of four traditional lenders identified losing ground to new entrants like Affirm and Klarna as a top concern for their business. Upstart lenders, including startups that offer checkout loans, are rattling incumbents.

Fintech 186

Fintech Lending Study Cards 186

PYMNTS

SEPTEMBER 14, 2016

Pivoting from concerns and risks around financial technology innovation in the banking system, the U.S. Comptroller of the Currency said the agency will roll out a new framework for regulating marketplace lending.

Lending 100

Lending Regulation Conference Study 100

PYMNTS

FEBRUARY 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. Liu pointed out that the online database of the aforementioned state licensing and FinTech guidance will go live later in 2019.

Regulation 147

Regulation Fintech Community Bank Community 147

Bank Innovation

MARCH 27, 2017

Banks’ fear of fintechs has (mostly) receded, but banks are still keeping an eye on the new entrants. In fact, according to a new study by The Economist Intelligence Unit, banking executives expect fintechs to gain the most marketshare in mortgage lending, as well as consumer finance and credit, including car and payday loan products.

Fintech 150

Fintech Marketing Study Lending 150

PYMNTS

AUGUST 20, 2020

Seventy percent of SMBs are adding new digital capabilities or enhancing existing ones to continue their operations, but firms often require financing to implement these innovations. SMB Lending Risks. Many FinTechs are using these ML applications to accelerate their financing approval processes.

Fintech 177

Fintech Fraud Lending Regulation 177

Bank Innovation

SEPTEMBER 25, 2017

Australia has become the second largest market for alternative lending due to the country’s favorable regulations for lenders. This is according to new data by financial regulator KPMG, in tandem with the Australian Centre for Financial Studies, which shows that the market grew over 50% within the last year.

Lending 170

Lending Marketing Regulation Study 170

PYMNTS

JANUARY 13, 2021

Ingo Money CEO Drew Edwards recently told PYMNTS that “Historically, banks have viewed FinTechs through an ‘us versus them’ lens — and rightly so, because, in so many cases, the banks were disintermediated or relegated to become ‘dumb vaults’ for the FinTechs they partnered with. Consumerization Continues.

Fintech 130

Fintech Customer Experience Lending Risk Management 130

Chris Skinner

SEPTEMBER 12, 2018

The reason I raise it is that I … The post China’s blood on the carpet in P2P lending appeared first on Chris Skinner's blog.

Lending 310

Lending US System Case Study 310

PYMNTS

JUNE 1, 2018

Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based The report, entitled “The Economic Benefits of Online Lending to Small Businesses and the U.S. based economic research firm.

Lending 103

Lending Online Community Washington 103

PYMNTS

SEPTEMBER 18, 2018

Singapore Signs On With FinTech Firms. In Singapore, news came this week that the country will open up its real-time payment system to FinTech firms. The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets. In The Middle East.

Fintech 166

Fintech New York US National 166

Gonzobanker

FEBRUARY 26, 2019

Luckily for the banks, there are many more of the latter than the former.” – Bank Innovation. Recent fintech deals across digital, lending, payments and infrastructure are telling a big story. So here’s the follow-the-money skinny on recent fintech deals—and what it says about what’s likely to come next. Money talks.

Fintech 100

Fintech Analytics Lending Case Study 100

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 98

Community Bank Community Fintech Leadership 98

PYMNTS

SEPTEMBER 25, 2017

The Australian market is quickly becoming a hotbed of alternative lending , and new analysis from KPMG suggests it has risen up in the ranks. A key driver of that growth is favorable government policies, researchers said, with regulators around the world exploring how to ensure borrower protections without stifling innovation.

Lending 100

Lending Regional Analysis Survey 100

Abrigo

FEBRUARY 13, 2020

Key Takeaways To better serve their community, as well as stay competitive in this fast-moving environment, savvy CFIs are carefully blending digital innovations with their hallmark relationship banking practices. However, to stay competitive in today’s fast-paced banking industry, CFIs must be willing to innovate processes to adapt.

Community 273

Community Lending Management Innovation 273

CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space. In the introduction to the RFI, the FHFA noted President Biden’s March 2022 executive order.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

Bank Innovation

FEBRUARY 20, 2019

Can regularly checking your credit score actually help improve your results? We wanted to know the answer to that critical question, so Credit Sesame partnered with Megan Hunter Antill and Jessica Yu, Ph.D., candidates in Quantitative Marketing at Stanford Graduate School of Business, to find out.

Study 284

Study Analysis Marketing Operations 284

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. The fear of non-payment, in particular, tends to be the smaller merchants’ worst nightmare.

Strategy 190

Strategy Report Lending Fintech 190

Bank Innovation

DECEMBER 13, 2017

Those savings numbers decline even further when considering the Hispanic population, according to a new study by IRA savings platform, Finhabits. Well, that’s exactly what New York-based fintech startup is hoping to provide. EXCLUSIVE – Young Americans are bad when it comes to setting aside money for retirement. The solution?

New York 258

New York Study Fintech Lending 258

PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Regulatory News, of the Global Type.

Washington 101

Washington Regulation Conference Fintech 101

PYMNTS

DECEMBER 4, 2020

That’s one of the key advantages of BaaS, which, as part of the evolving open banking landscape, brings third-party innovation together with banks’ account holder data (accessible through APIs — and, as noted in the Banking as a Service Playbook , an important framework for banks as they endeavor to create value-added services).

Lending 224

Lending Meeting User Experience Innovation 224

PYMNTS

MAY 16, 2016

The alternative lending market is showing signs of defeat against traditional bank loans, and SMEs are strengthening their demands for more than the typical solutions currently offered by traditional FIs. Explore how B2B FinTech is on the cusp of change as we break down all of the statistics and surveys below. 65% of U.K.

Fintech 108

Fintech Lending Fraud Cards 108

Bank Innovation

DECEMBER 29, 2019

Lenders move into banking “Digital lenders are increasingly pushing into nonlending services,” the study noted. “Such expansion […].

Study 221

Study Marketing Report Innovation Strategies 221

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. In addition, there are some concerns regarding the effectiveness of FIs’ fintech partnerships. Improving efficiency. The Organizational Solution.

Lending 128

Lending Fintech Technology System 128

Celent Banking

APRIL 7, 2017

Undoubtedly, the highlight was attending Celent's Innovation and Insight Day on April 4th, where we celebrated achievements of the Model Bank and Model Insurer award winners. Lending Product. Consumer Banking Channel Innovation. Product Innovation. Emerging Technology for Businesses. CBW Bank, USA. Open Banking.

Case Study 189

Case Study Boston Risk Management Study 189

PYMNTS

JUNE 9, 2020

Right now, at least as found recently in the PYMNTS/PSCU collaboration , “Credit Union Innovation Playbook: Challenger Banks Edition,” CUs face some competitive pressures. . As the survey of more than 4,000 CU members, CU leaders and FinTech executives showed, 41.4 They acquire a lending product, and then a digital banking platform.

Digital Banking 133

Digital Banking Millennials Lending Marketing 133

Jessica Ellerm

JULY 17, 2016

Australian lenders are well behind on CCR, much to the detriment of Australian borrowers, argue many fintech startups. Compared to the major four banks, fintech CPs suffer from large information asymmetries when it comes to assessing the credit risk of a potential customer. SoFi is one such fintech lender.

Fintech 40

Fintech Report Lending Data 40

PYMNTS

DECEMBER 3, 2019

Though commercial card innovation has recently hit an acceleration point, there is still plenty of room for progress. Power Director of Wealth and Lending Intelligence John Cabell in a statement. “Basics like credit card terms, and benefits and services, are the lowest-scoring factors in our study.

Cards 101

Cards Innovation Tools Study 101

FICO

NOVEMBER 21, 2022

FICO awarded first place in six categories on risk and compliance technology in the 2023 Chartis RiskTech100 ® Report, including Innovation for the sixth year in a row. We brought home a total of six wins, most impressively winning Innovation for the sixth consecutive year: Innovation. asokolowski. Fri, 06/03/2022 - 12:24.

Report 52

Report Risk Management Compliance Analytics 52

PYMNTS

FEBRUARY 5, 2018

Last month, Canada’s Competition Bureau released its final study on tech-led innovation in FinTech, offering regulators some thoughts on competition in the payments sphere, along with suggestions on where the competitive landscape could be improved. And why hasn’t that quite happened yet? and the EU.

Regulation 103

Regulation Bitcoin Innovation Study 103

South State Correspondent

MARCH 7, 2024

The uptake of this sophisticated technology is setting records at every turn from the pace of innovation to adoption. A CoE community should allow for employees to share usage tips, experiences, concerns, case studies and techniques. The power of generative AI is strong and cannot be ignored for too long. AI handled 2.3

Training 195

Training Data Tools Technology 195

Cisco

JANUARY 26, 2022

A recent Cornerstone Advisors study conducted in Q2 2021 concluded that today’s consumers – including younger age groups – desire both human interactions and improved digital experiences in their financial lives. The extreme circumstances of the COVID-19 pandemic do not appear to have changed the desire for financial relationships.

Meeting 100

Meeting Customer Experience Study Tools 100

Celent Banking

JANUARY 23, 2017

Consumer Banking Channel Innovation – for the most creative use of consumer channels, or the most effective channel integration. Branch Transformation – for the most compelling branch transformation initiative, including branch format innovations and creative use of live agents.

Risk Management 100

Risk Management Innovation Case Study Boston 100

PYMNTS

MARCH 13, 2017

Only 13 percent say they’re willing to jump on the innovation bandwagon. Clearly, there’s still a long way for SMEs to go before they fully embrace FinTech – and the latest research on the topic reinforces the notion that small businesses aren’t using technology the way some may have hoped. 37 percent of SMEs in the U.K.

Financial Technology 127

Financial Technology Technology social media Taxes 127

PYMNTS

AUGUST 27, 2019

One of the largest factors that sets credit unions (CUs) apart from large banks and FinTech providers is their emphasis on member relations. While the PYMNTS study found loyalty programs are members’ most popular desire at 49.1 It seems that CUs are often out of sync when it comes to knowing what members want, however.

Data 122

Data Report Los Angeles California 122