Bud Financial has expanded into the United States. The U.K.-based provider of open banking and transactional data intelligence has already made key hires as it goes to market in the U.S., Bud said in a Wednesday (March 29) press release. “We are thrilled to bring...
Big banks are reportedly considering expanding their efforts to support First Republic Bank. After 11 banks deposited $30 billion into the bank Thursday (March 16), they are now considering other options that include investing in the bank, the Wall Street Journal (WSJ) reported Monday (March 20). A sale...
Consumers across age, income and lifestyle demographics are concerned about the safety of their personal information. When it comes to consumer-facing sectors such as retail or banking, convenience isn’t always king. In retail, deals or customer service may take precedence. For banks, credit unions and...
Traditional financial institutions (FIs) have an opportunity to increase customer retention by embracing embedded banking. Consumers worldwide quickly embraced the industry’s seismic shift toward digitization, which was hastened by the pandemic. Many FIs that had hesitated to invest in their digital offerings found themselves left...
Brazil’s Pismo has debuted a lending tool to respond to increased demand for digital banking. “Financial institutions have become used to selecting from a series of ‘Lending-in-a-Box’ solutions, which must be inserted into their existing infrastructure,” Faisal Khan, the FinTech’s head of lending, said in...
Banks embarking on a banking as a service (BaaS) journey may feel they have their work cut out for them, especially if they are relatively new to the digital banking scene. While traditional financial services such as loan approval, credit issuing and know your customer...
Banks are brands, but consumers care more about the brands they engage with on mobile apps or social media, Mbanq’s Vlad Lounegov explains — and why he says legacy banks must innovate fast to avoid having BaaS rivals eat their lunch.
Traditional FIs are at risk of losing their business banking relationships — especially with smaller firms. Doug Brown, president of NCR, told PYMNTS’ Karen Webster that the typical small and medium-sized business (SMB) owner “is really time starved. They don’t have a lot of time...
Digital banking has become the default means of financial interaction for countless consumers worldwide, with the ongoing pandemic supercharging a shift that was years in the making. PYMNTS research found that nearly three-quarters of consumers have used digital channels to open a new account, for...
