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Online/Digital Account Opening: A Bridge and A Moat

Abrigo

Offering Digital Consumer and Commercial Accounts Benefits Financial Institutions Banks and credit unions that enable online/digital account opening win new customers and members and retain existing ones. . Takeaway 1 Many financial institutions are adding or improving online or digital account opening capabilities. .

Online 195
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5 Considerations When Seeking a Financial Advisor

Perficient

In fact, in a survey conducted by MagnifyMoney , 42% of respondents (notably, 48% of women and 35% of men surveyed) indicated they believe financial advisors are “only for wealthy people,” and 25% of respondents indicated they don’t see the need for a financial advisor for those younger than middle-aged.

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Mobile Order-Ahead Sector Goes All-In On AI

PYMNTS

That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. Businesses rapidly embraced digital solutions in 2020 as shopping (and eating) moved online while everyone hid out indoors.

Mobile 289
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CPG Companies Capitalize On Dramatic Digital Shift

PYMNTS

Consumer packaged goods (CPG) – which just four years ago had only a 1 percent penetration rate online – are capturing the digital shift in a dramatic way during the pandemic. As the crisis pushed online grocery into exponential growth during the crisis, CPG companies are finally starting to sell and advertise online.

Company 140
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India’s Millennials Dial Up Mobile Shopping

PYMNTS

Young adults in India are using their smartphones for shopping online at an increasing rate. According to eMarketer , it’s expected that younger generations in India will help drive the number of smartphone users in the country to 267.1 Researchers point to India as the fastest-growing eCommerce market on the planet.

Mobile 100
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UK Merchants Unprepared For SCA

PYMNTS

This research has found a distinct lack of market readiness amongst all key stakeholders,” the EPA said in the report. As part of SCA, consumers who are based in Europe will need to confirm their identities in order for online transactions to proceed. As has been widely reported, the rules will come into place on Sept.

Survey 172
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Geolocation Puts A Pin In Anti-Fraud Solutions

PYMNTS

Whether it’s simple online purchases or banking, or more complex areas like cryptocurrency or money laundering, Trevor Wingert , a senior know your customer (KYC) and anti-fraud solutions consultant for GeoGuard , told PYMNTS that rapidly changing use cases and technology highlight gaps in the current security approaches being used.

Fraud 270