Despite the growing perception that smartphones provide more security online, most banking consumers said they think smartphones and computers are equally secure for several select online financial activities. In the “Consumer Behaviors and Perceived Security Across Devices” report, PYMNTS gathered insights from a survey of...
The view may be better from the edge, but the experience is richer at the center. And for end-users, that is truer than ever when it comes to payments. “The one thing I get asked by execs at financial institutions is, ‘How do I get...
Short-form video app Triller’s reported number of users doesn’t match the estimates of market intelligence firm Apptopia. While Triller reported 550 million lifetime sign-ups on its S-1 filing, Apptopia estimates the app has been downloaded 73.2 million times since its launch, TechCrunch reported Monday (Aug. 21). The...
FinTech company Clara has reportedly launched a cross-border payments service in Mexico. The service facilitates international transactions by allowing clients to pay bills in foreign currencies, Reuters reported Monday (Aug. 21). While the users of the service in Mexico will be charged in pesos, the recipients of their payments...
The FinTech industry has experienced significant growth in recent years, but it is has not been immune to economic headwinds. In fact, rising interest rates, high inflation, and lower consumer spending have led to a sharpened focus on belt-tightening among venture capital (VC) investors in...
Turkish FinTech Colendi says it’s set to launch the country’s first digital deposit bank. That announcement came Monday (Aug. 21), after Colendi received approval from the Turkish Banking Regulation and Supervision Agency (BRSA). “As Turkey’s first digital bank, ColendiBank will target growing the platform to reach 50 million customers regionally,...
The battle for loyalty — from merchants and consumers — may be won along the last mile. The news Monday (Aug. 21) that Amazon would re-instate its shipping service to handle deliveries deepens the battle between the eCommerce giant, the traditional carriers like UPS and FedEx and...
Goldman Sachs could sell its personal financial management business as it moves away from retail banking. “We see continued opportunities to invest in this segment but with less strategic impact to GS,” the bank said in a statement provided to PYMNTS Monday (Aug. 21). “As such,...
That age-old routine of daily life — the grocery run — is getting a makeover thanks to advanced technology, specifically artificial intelligence (AI) and self-service models. As noted in PYMNTS’ study “Digital-First Banking Tracker® Series Report,” self-service retail is fast becoming a preferred consumer experience...
