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Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds

PYMNTS

As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. One of the first neobanks in the region, Nubank , traces its genesis back to 2013, having raised hundreds of millions of dollars to expand across several financing rounds. The age of personalized service is upon us.

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Despite Plenty Of Concerns, SMB Optimism Holds Fast

PYMNTS

millennial small business owners expect revenue to increase in 2018 , a whopping 30 percent greater than the national average of small- and medium-sized businesses (SMBs) overall, according to Bank of America’s latest Business Advantage Small Business Owner Report , released last week. Eighty-one percent of U.S.

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For SEC, Subpoenas No Mere “Token Interest” In ICOs

PYMNTS

And yet: How and why to regulate? And where – and just who should do the regulating? federal agencies that are trying to figure out if something is under their purview and should they [even] be regulating this.”. Japan, of course, has taken the leap to require exchanges to be registered with regulators.

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How Can Regional and Mid-Tier Banks Catch Up to the Big Banks in Mobile?

Tech and Finance

Regional and mid-tier banks face an uphill battle on the digital front, but have advantages they can capitalize on with some focus and determination. Alarm bells are sounding in boardrooms of regional and mid-tier banks across the U.S. Or at least they should be. The 2016 U.S. Retail Banking Customer Satisfaction Study from J.D.

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Mortgage Tech 101: What It Is & Why It’s Taking Off Now

CB Insights

Banks have receded from mortgage lending for a host of reasons, principally because the cost of complying with strict regulation from the Consumer Financial Protection Bureau on loan qualification and capital requirements has made the business more expensive. This helped navigate fragmented regional regulations.

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Mobile Payments And The Blurry Lines Of Commerce

PYMNTS

Now, he added, mobile is slowly being adopted as technology is improving along different fronts, including authentication, and even along regional divides. You will always see this in payments,” he said, that “things wind up slowly going in the right direction … It’s a combination of adoption, regulation, security.”.

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Expanding the Banking Talent Pool

Banking 2020

We’ll soon have four generations within the global workplace: next gens, millennials, gen X and traditionalists. The cynics will argue that this new hiring method won’t work for regulated financial services, or that people would rather go to a technology firm than a bank. This is true in some cases, but it isn’t a sweeping reality.