Sections
Digital Banking
Digital banking is part of the broader context for the move to online banking, where banking services are delivered over the internet. The shift from traditional to digital banking has been gradual and remains ongoing, and is constituted by differing degrees of banking service digitization.
(source: en.wikipedia.org)
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854NewsTop News in Payments: FTC Considers Blocking Facebook App Integration; Bill.com Shares Spike 60 Pct On NYSE Debut
In today’s top news in payments, officials at the Federal Trade Commission are considering blocking Facebook’s app integration, and Delta announces plans...
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887CryptocurrencySwitzerland Gov’t Takes Skeptical View Of Central Bank Digital Currency
With the belief that it could cause instability within the country’s financial system, the government of Switzerland spoke against making a central...
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2.0KDigital BankingInside N26’s Strategy To Win US Customers
Challenger banks with a couple of operating years behind them are beginning to get a taste of the problems they handed to...
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1.3KArtificial IntelligenceBoA’s Virtual Assistant Exceeds 10M Users; Launches New Features
Bank of America (BoA) is introducing new features for its virtual financial assistant Erica, which has over 10 million users since launching...
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2.2KDigital BankingN26 US Expands Debit Card Perks Program
The U.S. subsidiary of Germany’s mobile bank N26 has expanded its Perk partnerships for debit cardholders, the company said in a press...
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2.0KDigital BankingToken’s M10 Networks Launches ‘Bank-Grade’ Digital Money Rail
Open banking platform provider Token.io has announced the launch of affiliate company M10 Networks, which will focus on developing solutions for digital...
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2.0KB2B PaymentsQuestions Over Whether UK’s Starling Bank Will Hit SMB Loan Target
London’s digital bank startup Starling Bank has loaned just 1 percent of the amount it has pledged to give to small and...
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3.5KBitcoinBitcoin Daily: Bank of China Issues $2.8B Via Blockchain; Brazil Fines Failure To Declare Crypto
Bank of China announced that it has issued 20 billion yuan ($2.8 billion) in blockchain-based bonds for small- and micro-sized businesses using...
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2.8KBitcoinBitcoin Daily: Speedy Crypto Exchange Launched By Former Morgan Stanley Developers; Starling Bank Co-founder Joins Winklevoss’ Gemini Trust
A group of former software developers from Morgan Stanley have created a cryptocurrency derivatives exchange that will reportedly execute trades in less...
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2.1KDigital BankingLumin Digital To Power Banking, Bill Pay For University Of Illinois Credit Union
Lumin Digital has signed a multi-year contract with the University of Illinois Community Credit Union (UICCU) that will have Lumin’s cloud-based platform...
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1.7KB2B PaymentsEika Group Teams Up With EedenBull On Payment Solutions
Norwegian banking group Eika Group has invested in FinTech EedenBull to help its banks with new and innovative payment solutions to serve...
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2.5KInvestmentsZopa P2P Lender To Land 12th-Hour Investment To Become Bank
Peer-to-peer (P2P) lender Zopa will secure a £130 million ($1.67 million USD) investment that it needs to become a challenger bank. The...
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3.7KDigital BankingNigeria Turns To FinTechs To Boost Financial Inclusion
In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers,...
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2.1KPayment MethodsTeen-Focused Digital Bank Pixpay Raises $3.4M
French startup Pixpay is the first challenger bank to cater to teens, offering a debit Mastercard for cashless payments, news outlets reported...
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3.1KB2B PaymentsBanking-As-A-Service Has Its Own ‘Build Vs Buy’ Conundrum
Banks’ digitization journeys have been a rocky road, to say the least. The spark of FinTech innovation in recent history has set...
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4.1KSMBsWhat The UAE Is Teaching Global FinTechs About SMB Banking
It’s not easy being small — especially in business, and often when it comes to banking and payments. The bigger players take...
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3.0KBankingHow Credit Unions Can Win The FinServ Innovation Game
In addressing the innovation gap that exists between credit unions and their larger financial institution (FI) brethren, credit unions (CUs) may be...
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1.9KBankingBank Branch Closings Take Toll On Rural Communities
More than half of the 3,114 counties in the U.S. lost bank branches between 2012 and 2017, with rural areas feeling the...
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5.6KPayments InnovationDoes ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes?
Banks and credit unions are certainly not on their way out, even as they face more pressure from challenger banks, FinTechs and...
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4.6KCredit UnionsWhat Grubhub, Uber Can Teach CUs About Loyalty And Rewards
Credit unions (CUs) are unique among financial institutions (FIs) for the sense of loyalty they inspire among their members. PYMNTS’ Credit...
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2.7KB2B PaymentsRazorpay Debuts Fin Services Suite For Underbanked Businesses
Razorpay, a large payments processing outfit in India, has introduced an array of new services to provide startups, businesses and gig workers...
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4.2KInnovationMastercard Teams With Galileo For Instant Debit Card Issuing
Mastercard and Galileo have announced Thursday (Nov. 21) a collaboration to help FinTechs and other financial-affiliated businesses with fast issuing of debit...
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2.6KAPIPlaid Expands Global Footprint
The FinTech unicorn Plaid has rolled out in three more European countries – Ireland, France and Spain – as part of an...
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3.4KFintech InvestmentsAspiration Bank Struggles To Raise More Capital
A digital bank that raised $110 million from investors — including celebrities Leonardo DiCaprio and Orlando Bloom — is suddenly struggling to...
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1.5KCredit UnionsPSCU Backs Subsidiary Lumin Digital With Additional $35M
PSCU, a credit union service organization (CUSO), is backing its subsidiary Lumin Digital, a cloud-based banking platform, with an additional $35 million,...
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2.4KDigital BankingDeep Dive: How Emerging AI Data-Driven Models Influence The Fraud Fight
Bank and credit card fraud losses are likely to reach $44 billion by 2025, and new fraud types — like attacks from...
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3.0KB2B PaymentsBarclays Enhances Biometric Authentication For Corporates
Barclays is collaborating with Hitachi on a biometric scanner designed to accelerate and boost the security of corporate transactions. Planet Biometrics reported...
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2.2KDigital BankingHow Scotiabank Manages Fraud Protection For A Data-Driven Future
With more than 4.1 billion user credentials exposed in the first half of 2019 alone, financial institutions (FIs) are rushing to artificial...
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1.9KDigital BankingPSCU To Invest $100M To Advance Credit Union Solutions
Payments credit union service organization (CUSO) PSCU has announced it will invest $100 million over the next few years to focus on...
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3.9KDigital BankingScotiabank: Slow But Steady Wins The AI Fraud Race
The fact that fraud is on the rise is not new, nor is it surprising that banks are turning to artificial intelligence...
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11.9KPayments InnovationWhy Google’s Deal With Citi Isn’t About Becoming A Bank (But Is Still A Big Deal)
It was the gasp heard ‘round the world last week. Google confirmed that it will partner with Citi and Stanford Federal Credit...
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3.4KDigital BankingCIT Bank Rolls Out Digital Checking Product
National direct bank CIT Bank is introducing eChecking, a new digital checking account with a wide variety of electronic transfer and payment...
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3.3KBankingDeep Dive: The Many Roads To Digital-First Banking
PYMNTS’ Where Will We Bank Next? Survey found that banking customers are increasingly placing a higher value on convenience, personal data security...
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3.3KB2B PaymentsHow SMBs’ Digital Banking Demands Change The KYC Challenge For Banks
While small businesses often struggle with a lack of integrated digital tools from their traditional financial service providers, the friction in small...
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5.4KDigital BankingNEW REPORT: Behind Regions Bank’s AI-Powered Digital-First Push
In the face of growing competition, banks around the world are working hard to become the first choice of today’s customers. Recent...
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7.2KDigital BankingRevolut Seeks $500M To Staff Global Expansion
Revolut, a British-based banking app, wants to raise $500 million to continue hiring and expanding into new markets, according to a report...
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4.3KB2B PaymentsHSBC’s Digital SMB Banking Platform Launches In Beta
U.K. lender HSBC made progress in the launch of its digital banking platform for small businesses, Kinetic, which is now operating in...
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2.4KEarningsBottomline Results Show 17 Pct Digital Banking Subscription Growth
Bottomline Technologies reported fiscal first-quarter results that showed continued traction in areas of digital banking and accounts payable (AP) technologies. In terms...
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1.7KLoansBBVA, Prosper Partner To Offer Easier Home Equity Loans
Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home...
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2.5KB2B PaymentsExperian API Enables Faster OCBC Business Account Opening
Singapore bank OCBC is accelerating the bank account opening process for startups through a collaboration with Experian. An announcement on Monday (Nov....
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3.3KBankingSouth Korea Starts Pilot-Launch Of Open Banking System
South Korea has started a pilot-testing program for open banking, according to a release. The company started testing on Wednesday (Oct. 30)....
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2.2KB2B PaymentsCommonwealth Trade Bank Overhauls Infrastructure
The U.K.’s Commonwealth Trade Bank is planning to overhaul its trade finance infrastructure and has announced a new partner to support the...
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2.4KMobile ApplicationsAre Mobile Card Apps Small FI’s Killer App?
The need is pretty clear in the world of payments: Apps can potentially be game-changers, but only if they are seamless and...
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3.1KBankingJack Henry’s Payments Hub Connects 15 FIs To RTP Network
The Clearing House (TCH) reported that 15 Jack Henry & Associates financial institutions (FIs) will use JHA PayCenter to connect to the...
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1.8KDigital BankingRussia’s Sberbank To Acquire Part Of Mail.ru Internet Firm
Russia’s Sberbank, which is trying to become more digitally inclined as a financial institution, said it is buying Gazprombank’s holding stake in...
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4.0KDigital PaymentsDiscover Launches P2P Payments
Discover Bank has announced that customers of its savings and money market accounts can now use the Zelle network for person-to-person (P2P)...
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3.0KB2B PaymentsCanada’s CIBC Enables Mobile Account Opening For Businesses
Canadian financial institution (FI) CIBC announced it now supports the opening of digital accounts for its business clients. The FI said in...
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1.5KInvestmentsNeo-Bank Current Lands $20M In Funding, Surpasses Half-Million Accounts
Current announced that it has closed a $20 million Series B round, bringing its fundraising total to $45 million. The round was...
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7.2KDigital BankingWhat The World Can Learn From New Zealand FinTech
New Zealand is a country that can be easy to overlook when it comes to FinTech. But the story of how payments...
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2.6KB2B PaymentsBottomline Tech Integrates RTP Functionality
Bottomline Technologies has announced the expansion of its Digital Banking IQ suite with the launch of its Real-Time Payments (RTP) module, utilizing...
