PYMNTS

DECEMBER 17, 2019

One study determined that roughly one-third of consumers have been victimized by fraud, leading them to contact their financial institutions (FIs) to change login credentials, cancel credit cards and guard against suspicious transactions. The Technology Gap That Fosters Fraudsters. FIs around the globe are also grappling with faster.

Technology 142

Technology Fraud Data Security 142

PYMNTS

OCTOBER 28, 2020

Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 This puts them at risk of losing customers to more agile FinTechs that lack these issues. trillion in 2020. trillion in transaction value by 2023.

Payments 219

Payments Compliance Fintech Innovation 219

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. But that’s not all. “We

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

OCTOBER 29, 2018

A report earlier this month from Accenture has estimated that the range of financial sector upstarts — from challenger banks to FinTech firms, to new tech firms coming into financial services — will disrupt top-line growth for entrenched financial institutions (FIs). The study also found that the threat to FI top lines is on the rise.

Fintech 178

Fintech Data United States Report 178

PYMNTS

JANUARY 29, 2019

Efforts in the Middle East by banks and other financial institutions to embrace FinTech are on the rise. As reported from Daily News Egypt , a consortium of banks in the region expects a number of FIs, including those in Egypt, to embrace FinTech. banks) – has joined a $30 million investment round that brings funding to Finxact.

Fintech 145

Fintech Cards System Groups 145

PYMNTS

MARCH 13, 2019

are not only facing competition from their traditional rivals, but from a host of specialist lenders, with new players including tech giants and nimble FinTechs. The latest entrants to the market bring agility and a sharp focus on customer service.

Study 155

Study Customer Experience Fintech Survey 155

PYMNTS

MARCH 13, 2017

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. According to Office Depot senior director of contract marketing, Christine Nessen, “SMBs should strongly consider transitioning to tax software.”. 37 percent of SMEs in the U.K.

Financial Technology 127

Financial Technology Technology social media Taxes 127

PYMNTS

MARCH 2, 2018

Today in PYMNTS data, the kiosk market is seeing continued growth and proliferation, the Equifax breach impacted more U.S. Today in PYMNTS data, the kiosk market is seeing continued growth and proliferation, the Equifax breach impacted more U.S. million | Number of U.S. million from original estimates.

Data 101

Data Fintech Study Capital 101

PYMNTS

FEBRUARY 22, 2018

Southeast Asia is now front and center on the world’s FinTech stage, and it’s no accident. Regulatory efforts to promote FinTech innovation, a bustling climate for blockchain and interest from other markets eyeing the region for expansion have all led to Southeast Asia’s impressive standing in this space.

Fintech 104

Fintech Regional Resources blockchain 104

PYMNTS

OCTOBER 25, 2019

New Zealand is a country that can be easy to overlook when it comes to FinTech. But the story of how payments are evolving there can offer lessons for the rest of the globe, along with glimpses of how the relevant technology might play out in the 2020s. All of those factors combine to make FinTech a robust proposition in that country.

Fintech 111

Fintech Case Study Maine Innovation 111

PYMNTS

NOVEMBER 27, 2018

“What we didn’t know until this study was the size of the credit market for small businesses. While it would be in banks’ best interest to fill this gap, thereby bolstering the resilience of the markets, traditional institutions won’t invest in unprofitable business ventures. ”

Lending 159

Lending Fintech Capital Report 159

Insights on Business

OCTOBER 31, 2019

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. What else changes with the rebranding to IBM FIRST Risk Case Studies? . About FIRST Risk Case Studies. Not yet a customer?

Case Study 79

Case Study Study Compliance Risk Management 79

PYMNTS

NOVEMBER 24, 2016

is already a hotbed of FinTech startups, but the government is getting behind it in a bigger way, committing to invest £500,000 a year into financial technology companies. government is also gearing up to launch a network of regional FinTech envoys as an effort to enhance the country’s status as a leader in FinTech.

Fintech 100

Fintech New York Financial Technology Regional 100

Gonzobanker

FEBRUARY 26, 2019

Recent fintech deals across digital, lending, payments and infrastructure are telling a big story. Heck, we weren’t even three weeks into 2019 when Fiserv ’s $22 billion proposed First Data acquisition—one of the biggest fintech deals ever —was announced to the Street. Money talks. To name a few…. Jack Henry acquired BOLTS.

Fintech 100

Fintech Analytics Lending Case Study 100

Insights on Business

OCTOBER 31, 2019

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. What else changes with the rebranding to IBM FIRST Risk Case Studies? . About FIRST Risk Case Studies. Not yet a customer?

Case Study 70

Case Study Study Compliance Risk Management 70

PYMNTS

OCTOBER 15, 2020

FIs of all sizes are developing new systems to supplant or replace correspondent banking models, with many partnering with FinTechs to do so. One study projects that cross-border B2B payments will top out at $27 trillion by the end of 2020, and that their value will not exceed the $35 trillion reached in 2019 until 2022.

Payments 228

Payments Report Study Security 228

PYMNTS

APRIL 27, 2020

One study recently determined that the number of digital banking users is expected to exceed 3.6 billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired.

Digital Banking 248

Digital Banking Tools social media Mobile 248

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. The topics were perfect, and there were some great case studies, but the substance was standard, bordering on underwhelming.

Conference 221

Conference Las Vegas Fraud Case Study 221

Insights on Business

FEBRUARY 7, 2019

Now, advances in technology are finally enabling them to plan for the retirement that they want by automating a critical part of financial planning: wealth decumulation. According to a study by Schroders , there is a large gap between the income level retirees expect to receive in their golden years and the amount they actually collect.

Technology 102

Technology Study Security Management 102

PYMNTS

DECEMBER 5, 2018

The firm released its “Data Risk in the Third-Party Ecosystem” study last month, and found that 59 percent of more than 1,000 executives surveyed said they had experienced a data breach as a direct result of a cyberattack on a vendor or other third-party partner. Hospital network Atrium Health revealed that the data of up to 2.65

Security 192

Security Fintech Risk Management Strategy 192

Gonzobanker

JANUARY 18, 2024

That said, here are my banking and fintech predictions for 2024: 1. A sneak peek into Cornerstone Advisors’ forthcoming What’s Going On In Banking study shows that the percentage of banks looking to get into the banking as a service (BaaS) space is down from previous years. You’re probably right. money) is.

Fintech 88

Fintech Customer Experience Tools Payments 88

PYMNTS

OCTOBER 6, 2020

PYMNTS' October Banking As A Service Playbook: Powering The Next Generation Of FinTech Innovation , a collaboration with Transcard , examines developments around banking as a service (BaaS) and how its digital-first nature makes it ideal for current banking needs. And it goes well beyond that as a unifying financial faculty.

Innovation 161

Innovation Study System Fintech 161

PYMNTS

FEBRUARY 27, 2020

At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. Open banking may seem like an inevitability in any market, but in China, the path to unlocking bank data may be more complicated.

Fintech 192

Fintech Fraud Data Lending 192

Chris Skinner

MARCH 22, 2017

I blogged a year ago about TechFin, the incumbents’ view of applying technology to existing banking services, versus FinTech which seeks to transform the financial system. TechFin is to rebuild the system with technology. What we want to do is to solve the problem of a lack of inclusiveness.”

Company 350

Company Payments System Fintech 350

Independent Banker

JANUARY 31, 2022

The ThinkTECH Accelerator is one of several initiatives underway this year to foster community bank-enabled fintech partnerships. The ThinkTECH Accelerator is one of several initiatives underway this year to foster community bank-enabled fintech partnerships. By Charles Potts, ICBA.

Community Bank 143

Community Bank Georgia Community Resources 143

PYMNTS

NOVEMBER 18, 2020

market anymore, but reports of its demise have often proved to be a bit premature. A 2017 study identified over 100 different strains of bacteria on dollar bills circulating in New York City. The study found all kinds of things on the bills — with food and drugs both being incredibly common. Cash may not be king in the U.S.

Study 304

Study New York City ATM Maine 304

PYMNTS

FEBRUARY 28, 2020

The banking industry is undergoing a sea change in the new decade, with online and mobile banking growing ever more popular among customers, and challenger banks and FinTechs disrupt the market with new technologies. Digital-first technologies are also being used for charitable purposes.

ATM 159

ATM Study Analytics Meeting 159

PYMNTS

MARCH 3, 2020

A recent study found that 75 percent of this generation’s members visit financial institutions (FIs) at least once per month. Banks looking to make the most out of these rare visits must use the latest technologies. BMO Harris is one bank enjoying the improved efficiencies that come with digital-first banking.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

APRIL 27, 2016

There’s the entrance into new markets and the ability to reach new customers. But, as with any shift beyond the home market, there are growing pains. Not just staffing issues, learning the local culture in a new market and, as is germane for payments, learning the local views on cash, credit and import and export taxes.

Study 100

Study Payments America Regulation 100

Insights on Business

FEBRUARY 6, 2019

The financial services industry is one of the fastest adopters of this technology. –> Read the Bradesco case study to learn more. –> Explore IBM Banking and Financial Markets Solutions. The IBM Watson Assistant team has been busy in the past year helping clients implement state-of-the-art chatbots.

Technology 144

Technology Video social media Case Study 144

PYMNTS

FEBRUARY 1, 2021

One PYMNTS study found that 59 percent of United States consumers would use instant payments because of their convenience, for example. The Tracker examines how FIs can apply the Nordic instant payments approach in their own markets, what technologies and tools can help and what challenges may be holding them back.

Payments 246

Payments Regional Study Examples 246

PYMNTS

FEBRUARY 26, 2020

Back then, FinTechs asked for forgiveness instead of permission, rushing headlong into markets, disrupting them and operating in newly invented spheres of finance that regulators barely understood. For a case study in the new privacy rules at scale, people are looking to China and its Multi-Level Protection Scheme 2.0

Regulation 130

Regulation Case Study Fraud Study 130

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. CUs are also leveraging the latest technologies, including cloud computing, to continue fostering the relationships with their customers. Around The Credit Union World.

Innovation 155

Innovation St. Louis Fraud United States 155

PYMNTS

DECEMBER 16, 2020

After a two-year test drive as a client of market data and analytics firm CarStory, Vroom announced on Tuesday (Dec. Marketing Cars Online. Unity believes the tool will empower the auto industry’s digital marketing professionals to easily create and publish content and interactive experiences.

Louisiana 242

Louisiana Arkansas Online Retail 242

PYMNTS

AUGUST 6, 2020

In August’s The FI’s Guide To Modernizing Digital Payments , PYMNTS explores the latest in the world of payments modernization, including record numbers of digital payment users in India, high demand for instant payments from corporates as well as consumers, and emerging competition from FinTechs and challenger banks. About The Tracker.

Regulation 245

Regulation Payments Innovation Fintech 245

PYMNTS

DECEMBER 4, 2020

Address verification and validation technologies have emerged to help co mpanies ease these issues. A new report has found that FinTechs are failing to onboard more than 25 percent of potential customers due to lengthy and inefficient sign-up processes. For more on these and other onboarding news items, download this month’s Tracker.

Tools 169

Tools Study Online Meeting 169

South State Correspondent

FEBRUARY 20, 2023

Understanding the competitive banking landscape helps community banks set proper pricing, respond to rival marketing, and compete more effectively. Unfortunately, banking is challenging to study, and some banks inadvertently ignore their significant competitors.

National 195

National Lending How To Community Bank 195