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What Open Banking Means For China, Challenger Banks And SMBs

PYMNTS

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 FinTech Enfuce this week announced a partnership with financial crime and fraud management company Featurespace.

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Digital-First Banking With A Human Feel

PYMNTS

“This digital banking shift is likely to continue after the pandemic recedes, too, with a recent study finding that just 46 percent of bank customers planned to return to ‘business as usual’ after the crisis. One does not simply walk into digital-first banking without preparation, however. My Bank Knows Me’.

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Five Fast Facts On Fighting Checkout Friction

PYMNTS

But for all the challenges thrown up by 2020, the surge of consumers online has forced merchants to raise the level of their digital checkout game, according to the latest edition of the PYMNTS Checkout Conversion Index. percent for online and 1.4 The year 2020 saw the overall index score rise by 2.2 The Classics Still Count .

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Banking As A Service — Bring Corporates Into The Digital Age

PYMNTS

Banking as a Service (BaaS) is poised to change the end user experience of corporates as they navigate the daily challenges of cash flow management, supply chain activity and the need to become digital-first. The banks signing on to the new offering include marquee names such as Goldman Sachs, Barclays and Citigroup.

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Mini-Silos: The Opportunity Fintechs Bring to Banks

ZootBlog

It is well known that silos have long prevented banks from achieving the ideal customer experience, because they create a fragmented user experience. The irony is that fintechs are creating mini-silos with the variety of options consumers are using,” she said.”This Fintech companies can only disrupt so much.

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Corporate Cards’ Collaborative Approach To SMB Adoption

PYMNTS

Small Business Credit Card Satisfaction Study, businesses are twice as likely as consumers to switch credit card brands, with many small businesses serving “relatively low” scores for issuers’ rewards, benefits and services. A recent report from J.D. According to its inaugural U.S. ” Razorpay Links Businesses To Cards.

Cards 101
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20 Banking Realities for 2020

Gonzobanker

In the soon to be released What’s Going On In Banking study, Cornerstone ’s Ron Shevlin shows that both bank and credit union execs are most fearful of big tech (Amazon Prime, Venmo, Apple Card) primarily because of their great data reach and ability to drive customer experience. This must change from the top.