Sections
Digital Banking
-
446Credit UnionsCUs Face A Generational Innovation Divide
Like many other financial institutions (FIs), credit unions (CUs) need responsive websites and mobile apps to address their members’ needs. It’s through...
-
1.5KInvestmentsTencent Invests In Argentinian Mobile Banking Startup
Chinese technology conglomerate Tencent has invested in Argentinian mobile banking startup Uala, according to a report from Reuters. Point72 Ventures and George...
-
1.1KToday In DataTaking New Approaches To Onboarding Security
Businesses are facing greater pressure to provide robust, digital know your customer (KYC) checks and other security measures amid increased interest in...
-
3.5KDigital BankingRevolut Refines Its Culture As It Seeks Expansion
Revolut is making some changes to its business practices and company culture as the company aims to move from a startup to...
-
3.5KEarningsBoA’s Zelle Transactions Up 103 Pct In Q1
Bank of America (BoA) missed on revenue when it reported its Q1 earnings on Tuesday (April 16) and predicted net interest income...
-
2.8KDigital BankingGoldman’s Digital Roadmap, As Marcus Lands $46B In Deposits
Trading slump, yes. Goldman Sachs is still, of course, tied to the vagaries of investors’ back-and-forth on Wall Street, as evidenced by its...
-
6.5KSecurity & FraudWhy ‘Always Be Onboarding’ Should Be The New Mantra For FIs
Just two generations ago, banks generally did business with people known by the financial institution’s employees and officers, lending to “people in...
-
3.9KNewsAlexa, Stolen Fingerprints And The Rest Of The Week’s News
It’s the end of a busy week, one full of news about payments and commerce. We here at PYMNTS are as excited...
-
3.1KConsumer FinanceBofA Debuts Digital Financial Coach
Bank of America is gearing up to launch Life Plan, a digital portal that helps customers achieve financial goals, this fall. According...
-
2.5KToday In DataHow Startups Compete With Legacy Firms In Digital Banking
Legacy banks and FinTech firms are looking to create digital-only banking services to capture consumer interest in using smartphones for their banking needs. In...
-
6.8KDigital BankingChase On Gen Z, Mobile Banking — 10 Years In
With more consumers than ever interested in fulfilling all their financial needs on mobile, both legacy banks and FinTech firms are focusing...
-
4.5KB2B PaymentsThe Search For Relief From Banks’ ‘Suffocating’ Legacy Infrastructure
FinTech competition quickly ended banks’ practice of turning a blind eye to a lack of digital offerings. With more options than ever,...
-
7.2KArtificial IntelligenceCan AI Turn Banks Into FinTech Firms?
There are no incumbent banks that are not paying attention to what the challenger banks are doing. What might have been written off even five years...
-
3.0KDigital BankingFirst Three Digital Banking Licenses Awarded In Hong Kong
Hong Kong has issued its first digital banking licenses, in a move toward strengthening the city’s financial sector, according to reports. The...
-
7.4KDigital PaymentsIs P2P A (Good) Trojan Horse For Banks?
In mythology, the Trojan Horse is a symbol of hidden intent — a gift hiding warriors ready to slash and burn. In...
-
4.3KBankingMexican Gov’t. Wants Bank Competition To Help Unbanked
The Mexican government wants local banks to do more to help the millions of unbanked citizens in the country. President Andres Manuel...
-
4.1KToday In DataThinking Differently On Digital Payments And Data
Data breaches are a serious threat to the financial health of businesses and consumers. Is there a newer way to treat data that...
-
7.0KDigital BankingChase Launches Low-Cost Accounts To Win Unbanked Consumers
The percentage of unbanked people in the U.S. recently fell to the lowest rate since the 2007-2009 financial crisis, but a new...
-
7.0KDigital BankingPaytm Launches New Mobile Banking App
Paytm, the India-based eCommerce and digital wallet company, has announced a new mobile banking app called Payments Bank, according to reports. The...
-
3.4KToday In DataThe Evolution Of Digital Banking Security
Digital banking customers are looking for an institution that can keep their data safe, with security mishaps creating the possibility that they can move...
-
5.8KB2B PaymentsMobile Devices Take On SMB FinTech Functionality, Usability
As the financial services space focuses on digitizing offerings for their small business customers, much of these efforts are targeting online banking...
-
3.9KDigital BankingFinTech Stash Launches Mobile Bank With Stock-Based Rewards
Stash, the FinTech aimed at simplifying how people save and invest, announced Tuesday (March 12) the launch of its mobile-first banking service...
-
9.4KDigital BankingHow Wells Fargo Uses AI, Biometrics To Fight Money Laundering
Digital banking customers of today aren’t looking for the bank with the newest features — they’re looking for the bank that can...
-
4.2KDigital BankingIBM To Bring Blockchain-Based Services To CUs
CULedger, a credit union service organization, has inked a partnership with IBM to create blockchain services geared toward credit unions. According to a...
-
6.0KB2B PaymentsHSBC Launches APIs, Developer Portal For PSD2
HSBC has unveiled its application program interfaces (APIs) and developer portal to comply with the EU’s Second Payment Services Directive (PSD2). Reports...
-
7.3KDigital BankingAnt Financial Launches Banking As A Service Platform
Ant Financial Services Group and Jiangsu-based Hoperun Information Technology announced Wednesday (March 7) a new banking product aimed at financial institutions. In...
-
7.2KDigital BankingRevolut’s CFO Departs Amid AML Saga
Amid controversy around an anti-money laundering system, Revolut CFO Peter O’Higgins resigned from the firm. O’Higgins didn’t mention the issue in his resignation...
-
4.6KStartup Check-InA New Approach To Bank-FinTech Collaborations
Banks have historically developed their own solutions for the marketplace, using sophisticated information technology (IT) and development resources. “If they wanted something...
-
2.6KToday In DataDigital Tech Removes The Drama From Payments And Commerce
For consumers, merchants and financial institutions, drama usually means hassle, frustration and lost sales. When it comes to the fast-growing world of...
-
5.3KBankingWhy ‘Mobile-First’ Must Mean ‘Trust-Always’
Trust is inherent in banking, and has been since the beginning, when people decided to store coins and bills in vaults. Entersekt SVP...
-
7.4KBankingGreen Dot CEO: 20 Years Of Innovating ‘Banking For The Masses’
It’s easy to mistake the trappings of success for stability. Beautiful office buildings, favorable earnings reports, an international presence and a growing global team...
-
4.4KDigital BankingDeep Dive: How Challenger Banks Navigate Licensing Obstacles
Many challenger banks pursue charters to establish themselves as trustworthy institutions and compete directly with legacy FIs. Yet, pursuing charters can be...
-
4.6KDigital BankingAnt, Tencent, Xiaomi Seek Hong Kong Digital Banking Licenses
As Hong Kong gears up to roll out digital banking licenses, a few of the largest banks in the world are set...
-
5.7KDigital BankingHow Invisible Engines Drive FinServ Innovation
Consumers take a somewhat binary view of the features and functions that come packaged as innovative: They either believe those innovations can...
-
5.6KB2B PaymentsChallenging The Truths Of Small Business Banking
The small business (SMB) banking sector continues to endure seismic disruption from many angles. In the U.K., regulators are cracking down on...
-
4.9KDigital BankingHow Argentina’s Wilobank Brings Financial Services To Unbanked Populations
In Latin America, where roughly 70 percent of the population is unbanked due to traditional banks’ stringent KYC requirements, digital-only challenger banks...
-
11.6KFintech InvestmentsWhy Not All FinTech Providers Are FinTech Firms
The distinction between firms that offer financial technology and FinTechs needs to be clearer, according to Provenir Managing Director Paul Thomas, and...
-
8.6KDigital BankingDigital Challengers Are Closing Argentina’s Banking Gap
Challengers. Neobanks. Upstart institutions. Alternative banks. These newcomers to the financial services landscape go by many names, and have gained popularity, especially...
-
5.9KBankingDiebold Nixdorf: Why Bank Branches Need To Move Beyond The Transaction
There is something of a strange dichotomy when one looks at the types of things bank brands are developing, particularly around mobile...
-
2.4KInvestmentsStarling Bank Raises £60M For Expansion
Starling Bank, the U.K. digital banking platform, announced on Wednesday (Feb. 13) that it has raised £60 million ($77.15 million) in venture...
-
2.6KInvestmentsLunar Way Raises €13 Million In Funding To Bankroll Growth
Lunar Way, the Nordic banking app, has raised €13 million in venture funding led by SEED Capital. According to a report, Greyhound...
-
2.1KBankingUK Digital Bank Monzo Eyes Expansion, Tests SMB Accounts
Monzo, a digital bank out of London, wants to expand past just mobile-based personal banking customers to small and medium-sized businesses (SMBs)....
-
6.1KEarningsFiserv’s Yabuki Points To Payments Digitization Amid 4Q Sales Growth
Fiserv's Q4 results were in line with a preliminary announcement, including 6 percent payments growth. As the deal with First Data sinks...
-
3.5KInvestmentsBarclays Invests $12.9M In Loyalty Startup Bink
British financial institution Barclays has invested $12.9 million in Bink, a startup that lets customers store and view all their loyalty cards...
-
3.9KDigital BankingLloyds Launches Open Banking App Feature
Lloyds Bank, a British financial institution, has released a new feature to its banking app that will allow customers to see their...
-
4.9KDigital BankingBank Of America Rolls Out Digital Tool For Entrepreneurs
Bank of America announced on Wednesday (Feb. 6) the launch of Business Advantage 360, a digital dashboard aimed at helping entrepreneurs manage...
-
3.2KDigital BankingDeep Dive: Fighting Fraud At The Genetic Level
To fight fraud effectively, financial institutions need to clearly understand it, right down to its DNA. The Digital Banking Tracker's includes a...
-
6.0KInnovationArtificial Intelligence Innovation Steered By U.S. and China
Artificial intelligence has started — slowly — to make its presence felt in payments and commerce, including in fraud prevention, via early deployments...
-
4.6KDigital BankingHow HSBC Uses AI To Boost Its Digital Banking Immune System
What good is an AI-powered insight if core banking systems do not know how to act on it in real time? In...
-
3.2KDigital BankingStandard Chartered Expands Africa Digital Bank Initiative
Standard Chartered announced Thursday (Jan. 31) that it has kicked off the second phase of its initiative to roll out a digital-only...
