Banking

Banking
Legacy FIs Losing Sight Of SMB Data Must Step Up With Digital Agility
November 23, 2020

Small and medium-sized businesses (SMBs) got their clocks cleaned by the pandemic, and turning to their traditional lending sources, they’ve encountered sclerotic systems and outdated policies not conceived for the needs of the recovering Main Street merchants of 2021. Get the Full Story Complete the...

Banking
Mastercard’s Vosburg: Trusted Intermediaries Will Drive Consumer Data Aggregation
November 23, 2020

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used to be called. But there’s a new data revolution underway and this one is on...

Banking
COVID Casts More Doubt On Future Of Bank Branches
November 20, 2020

Physical banking was already on the decline before the COVID-19 pandemic put much of the physical economy into the deep freeze for a year and left customers scrambling to digitize their day-to-day lives as much as possible and as fast as possible. Consumers were already shifting...

Banking
Mobile Banking App Users Pull Ahead Of FIs On Expectations
November 20, 2020

It’s been a long slog since April 2020 when a harmonic convergence of bad financial news and a worsening global health crisis formed the “crater” of the pandemic. April was also the month that financial institutions (FIs) and Big Tech firms alike learned that mobile...

Banking
Chime CEO Predicts Mobile Banking Surge Is Here To Stay
November 18, 2020

Chime, a mobile-based startup delivering banking services that has gained strength during the pandemic, is here to stay, according to CEO Chris Britt, CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
LGBT+ Digital Bank Daylight Launches With Visa Fast Track Boost
November 18, 2020

Daylight, the first digital bank for the LGBT+ community, just went live in a Nov. 18 launch made possible by a big assist from Visa’s Fast Track program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Visa Expands Fast Track Program To Give FinTechs A Post-COVID Digital-First Edge
November 18, 2020

Visa’s goal of building what it has called a “network of networks” reflects its view of what adds value in a global financial services ecosystem where the shared interest in doing what’s best for consumers and businesses is what drives outcomes. Collaboration and not competition,...

Banking
Today In Digital-First Banking: Transcard Introduces New A2A Payment Offering; Santander Closes Deal For Wirecard...
November 17, 2020

In today’s top news in digital-first banking, Transcard is rolling out an account-to-account (A2A) offering, while Banco Santander has closed a deal for Wirecard’s technology infrastructure. Plus, Revolut announced the debut of open banking for German users. Get the Full Story Complete the form to unlock...

Banking
Revolut Brings Open Banking To Germany In Deal With TrueLayer
November 17, 2020

Revolut announced Tuesday (Nov. 17) that, in collaboration with TrueLayer, it will expand into Germany. Earlier this year, the European digital bank had taken on Ireland, France and Italy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...