The Payments Association

OCTOBER 14, 2024

Traditionally, consumers stuck with familiar banks, but there’s now a growing trend of current account switching. Since its 2013 launch, CASS has simplified switching by allowing customers to move accounts within seven working days, ensuring smooth transfers of direct debits and payments.

Accounts 88

Accounts Consumer Online and Mobile Banking Multi-Currency 88

Fintech Labs Insights

MARCH 30, 2015

The Fed''s latest mobile banking/payments usage numbers ( full text ) were bouncing around the fintech blogosphere last week. Note: The online survey was fielded in December of each year. The only sour note was the flatline of mobile banking usage among smartphone owners. Why has smartphone mobile banking stalled?

Online and Mobile Banking 33

Online and Mobile Banking Mobile Banking Non-Bank Issuers 33

CB Insights

AUGUST 23, 2018

trillion in total assets, JPMorgan Chase is the largest bank in the US. Its retail bank, Chase, spans 61 million American households. Led by Chairman and CEO Jamie Dimon, the bank is undergoing a transformation, moving away from offline legacy systems and into the digital age. Live briefing: Consumer Banks in The Digital Age.

Consumer 76

Consumer Online and Mobile Banking Credit Cards Push-to-Card 76

CB Insights

OCTOBER 10, 2018

Traditional banking products, including checking, credit, and savings accounts, are under threat from a new crop of digital-first startups. Many of these startups are launching products without a bank charter and targeting a very specific customer base. DOWNLOAD THE 61-PAGE consumer banking REPORT. savings accounts.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

PYMNTS

MARCH 18, 2019

The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 Thasunda Duckett, chief executive of Chase Consumer Banking, told the news service she “hopes the new accounts will attract more low-income individuals and people who have never had bank accounts.”

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

PYMNTS

JULY 25, 2019

Customers have varying banking needs, but the global fraud phenomenon tends to have equal impacts. Banking customers are affected by attacks ranging from phishing schemes to identity scams, and it is still up to FIs to provide accurate and real-time protection regardless of where their customers are located. It is growing its U.S.

Online and Mobile Banking 65

Online and Mobile Banking Data Breach Breach Phishing 65

PYMNTS

FEBRUARY 20, 2019

A look at Tencent’s recent investment activity tells a story about the modern state of eCommerce and the digital economy, and about the demands of online consumers across the world. For instance, India has emerged as a battleground for online retail and digital, mobile payments, with tech startups in that country raising some $10.5

Online and Mobile Banking 51

Online and Mobile Banking Economy Mobile Payments Mobile Banking 51

PYMNTS

JANUARY 15, 2020

Raisin will license Choice FS’ software to banks in the U.S., Banks will be able to offer the new solutions directly to their own customers or use Raisin’s platform to reach all potential retail consumers. Raisin , which is backed by PayPal, was founded in Berlin in 2013 and has raised about $200 million in funding from investors.

FinTech 52

FinTech Credit Union Deposit Account Online and Mobile Banking 52

CB Insights

SEPTEMBER 10, 2019

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. From big banks to big tech.

Finance 77

Finance Online and Mobile Banking Advisors Micro-Entry 77

Fintech Labs Insights

MAY 19, 2015

So, if you want to get your core customers’ kids engaged with the bank, your strategy pretty much must begin with (and can probably end with), mobile. Banks haven’t really been able to devote resources to mobile youth banking as yet. adult) mobile banking was introduced.

Online and Mobile Banking 26

Online and Mobile Banking Mobile Banking Audit Accounts 26

CB Insights

JULY 19, 2017

With industries being unbundled left and right ( supermarkets , banking , cars — just to name a few) more companies are opening up in-house innovation labs every day. Innovation Lab Name: IBM Mobile Innovation Lab. Avaya Labs Research center focuses on WebRTC, mobility, cloud, and video solutions. Founded: 2013.

Innovation 74

Innovation Online and Mobile Banking Research Technology 74

Fintech Labs Insights

JUNE 22, 2015

online banking are rarer than the (not-so) mythical fintech unicorn. And mobile banking fees are pretty much non-existent outside a few remote deposit fees (see previous post). The service is mobile only, and the company currently has no plans to add it to the desktop version. Fees in U.S.

Identity Theft 26

Identity Theft Online and Mobile Banking Non-Bank Debit Card 26

CB Insights

APRIL 10, 2019

While the technology is still developing, many companies (including Amazon) are banking on it as a disruptive force in a myriad of markets. Facial recognition, for example, could capture what a shopper is looking at, and enable retailers to later serve up related promotions to the shopper via email or online ads.

Law Enforcement 78

Law Enforcement Online and Mobile Banking Use Case Laws 78

PYMNTS

AUGUST 1, 2018

As of Wednesday (August 1) South Africa’s Absa Group officially rolled out WhatsApp banking as part of its continuing effort to develop a digitally-led bank in Africa. The addition of WhatsApp banking is part and parcel to a growth plan for Absa that observers have called “ambitious.”

Online and Mobile Banking 43

Online and Mobile Banking Payments Governance Government 43

PYMNTS

NOVEMBER 16, 2017

As credit unions (CUs) face increased competition from traditional banks and new players from the FinTech crowd, many institutions ponder the same question: What can we do to keep our doors open? Mary’s Bank of Manchester, New Hampshire, holds the distinction of being the nation’s first and oldest credit union. Founded in 1908, St.

Credit Union 40

Credit Union Online and Mobile Banking Third-Party Service Provider Origination 40

Fintech Labs Insights

MAY 13, 2015

Our advanced risk assessment and pricing engine generates a highly personalized and targeted menu of offers based on each individual’s unique financial profile, then communicates these offers within the institution’s online banking, mobile banking, branch, call center, direct mail, and email channels.

Online and Mobile Banking 23

Online and Mobile Banking Risk Assessment Assessments B2B 23

Fintech Labs Insights

AUGUST 3, 2016

The company announced today that it is transitioning away from its origins as a payment card system in order to embrace real-time, P2P mobile payments. ” Specifically, the company is abandoning its white-label, bank-oriented debit card strategy in favor of “instant P2P transfers utilizing mobile phones and online systems.”

Online and Mobile Banking 15

Online and Mobile Banking P2P Debit Card Payments 15

PYMNTS

JUNE 17, 2016

Silicon Valley has the banking industry in its crosshairs. You want to buy them out,” referring to the banks. Peer-to-peer lenders “match borrowers and lenders directly the way Uber connects passengers and drivers,” as Stripe’s Patrick Collison put it to Stahl as he recited the ways FinTech is disrupting banking.

Bitcoin 45

Bitcoin Blockchain Online and Mobile Banking Caps 45

Fintech Labs Insights

OCTOBER 10, 2016

A new partnership between mobile capture innovator Mitek and omni-channel digital banking solution provider Backbase will make Mitek’s document scanning and validation technology available via the Backbase Open Banking Marketplace. ’s oldest bank, C. James DeBello is CEO. and chosen by U.K.’s

Online and Mobile Banking 19

Online and Mobile Banking Multi-Currency Origination Authentication 19

Fintech Labs Insights

MARCH 27, 2017

Many banks understand the value of catering to younger generations– if you hook them young, it’s easier to score them as clients for life. Worldline and FamZoo both offer solutions for banks that appeal to kids as well as their parents. With FamZoo’s Virtual Family Bank, parents help kids manage their money.

Online and Mobile Banking 17

Online and Mobile Banking B2C B2B Automation 17

Fintech Labs Insights

FEBRUARY 25, 2016

Cardlytics , a company that harnesses the power of customer purchase data, has introduced the first major product outside of its flagship native banking channel, Cardlytics Direct. This flagship product allows financial institutions to provide merchant-funded rewards within its online or mobile banking application to boost customer loyalty.

Online and Mobile Banking 14

Online and Mobile Banking Visa Mobile Banking Product 14

Fintech Labs Insights

AUGUST 22, 2024

Tuum: Raised $48M for its modular banking technology, gaining traction with banks and financial institutions across Europe. Mahalo Banking: Raised $21M for its banking software; successfully launched new features, experiencing strong growth in client base. QuickFi : Reported a 45% increase in loan volume.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

CB Insights

SEPTEMBER 4, 2019

in 2018, up from less than $2B in 2013. Online platforms like Hipcamp and Campsy have emerged to help campers book unique lodging experiences like yurts, treehouses, and caves. From Starbucks to Panera, chains are embracing mobile ordering and in-store pickup to attract a busier, millennial audience.

Online and Mobile Banking 78

Online and Mobile Banking On-Demand Product Consumer 78

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. Note: These are the rankings from 10 years ago.

Online and Mobile Banking 15

Online and Mobile Banking Innovation FinTech NOV 15

Fintech Labs Insights

DECEMBER 29, 2015

The end of the year provides a unique challenge to banks. For banks it’s a good time to run a few simple messages: Thank customers for a great year. Detail holiday branch hours & service options (extra credit for a plug for online/mobile banking). Banks in the Holiday Spirit.

Online and Mobile Banking 18

Online and Mobile Banking Chip Cards Credit Cards Checks 18

Finovate

DECEMBER 10, 2024

Mobile banking platform MoneyLion has been acquired by identity protection and cybersecurity company Gen Digital Inc. Mobile banking platform MoneyLion is the latest among a string of acquisitions taking place in fintech this month. The $1 billion deal is expected to close in 2025. billion. .

Acquirers 59

Acquirers Embedded Finance Online and Mobile Banking Payment APIs and Integration 59

CB Insights

MAY 15, 2019

Founded: 2013. Visa’s Innovation Center aims to increase collaboration among teams working on tech solutions spanning tokenization, payment apps, mobile location confirmation, and more. .” DBS Bank — DBS Asia X (DAX). This brainchild from the Lab offers a way to modernize the traditional retail banking experience.

Innovation 78

Innovation Finance Online and Mobile Banking Blockchain 78

Fintech Labs Insights

APRIL 18, 2016

PayStack : Online card processer in Nigeria. Bankjoy : Mobile banking for credit unions. Razorpay : Online payments for India. Seed : Small business banking for innovators. Zidisha : Online microlending community. Standard Treasury : APIs for commercial banks. Total Companies. Fintech Companies.

FinTech 18

FinTech Online and Mobile Banking Small Business Debit Card 18