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Traditional FIs Drive Modernization Through FinTech Pairings

PYMNTS

In this week's roundup of bank-FinTech collaboration and open banking initiatives, Citi embraces the unlocking of account data to third-party FinTechs, while WEX weighs in on opportunity for banks to take advantage of partnerships. Plus, one FinTech offers a new spin on the open banking model to drive financial inclusion.

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How 5G Will Shake Up Banking and FinTech?

PYMNTS

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. Latency Advantages.

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The Pandemic’s Push For The FI/FinTech ‘Win-Win’

PYMNTS

Kikkeri said this is the highest penetration that mobile banking has ever seen among consumers. Kikkeri said that’s why FIs must consider how to leverage their FinTech partnerships and push to market the digital services that customers have become habituated to in the past six months. That’s where FinTechs can come in.

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Radius Bank Goes Mobile For Micro-Businesses

PYMNTS

Virtual bank Radius Bank — which services small businesses (SMBs), micro-firms and consumers — is rolling out a revamped digital banking platform and a mobile banking app, the company said on Monday (Dec. The platforms have added new digital solutions for financial budgeting and tracking as well.

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Entersekt Finds Trust Can Help Banks Get Ahead In Mobile FinTech

PYMNTS

As mobile commerce and apps become more sophisticated (cooler, perhaps), it can be easy to look down on the contribution of banks to this expanding digital ecosystem. Banks and [FinTech firms] have been looking for secure ways to bring the convenience and user experience that people love about apps into the world of financial services.

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New Canadian Digital-Only Bank Banking On User Experience

PYMNTS

The challenge for the bank will be remaining competitive when the interest rate is ultimately dialed back and the offering itself – namely its features and user experience — need to steer the ship. The focus for us has to be customer experience,” Dickinson explained of the pause due to speed of growth.

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CellPoint Mobile Rebrands As CellPoint Digital To Power Travel Payments

PYMNTS

CellPoint Mobile, which specializes in digital commerce and payment solutions for airlines and travel companies, today rebranded as CellPoint Digital with a new website and product offerings, the company said in a press release on Tuesday (Sept. We started out with a radical, mobile-first solution.

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