PYMNTS

JUNE 29, 2020

Consumers are leaning heavily on digital banking tools during the pandemic, and studies suggest that they will continue to do so in its wake. Fifty-seven percent of consumers now prefer internet banking solutions, compared to the 49 percent who said the same prior to the pandemic. Mobile Customers Need Mobile Infrastructure.

Online and Mobile Banking 69

Online and Mobile Banking Mobile Banking Volume Innovation 69

The Fintech Times

JANUARY 31, 2024

Lloyds Banking Group is shutting down its mobile van banking service this year and closing 123 branches, sparking concern over reduced access to essential financial services, particularly in rural and underserved areas. is unhappy with Lloyds’ decision to stop its mobile van banking service.

Financial Inclusion 69

Financial Inclusion Bank Closure Online and Mobile Banking Underserved 69

The Fintech Times

APRIL 23, 2024

As mobile banking apps continue to accrue a seemingly ever-growing user base, criminals may sense an opportunity to access people’s finances by exploiting weaknesses in some banks’ security, consumer champions Which? They were not able to test banks’ back-end security systems. While Which?

Addressing 69

Addressing Online and Mobile Banking Security Best Practices 69

PYMNTS

JUNE 1, 2016

Small and medium-size enterprises are on their way to adopting some of the newest technology to help run their business, and that includes embracing solutions to enhance their payments and banking capabilities. The latest PYMNTS.com SMB Technology Adoption Index shows how SMEs are progressing along this line.

Online and Mobile Banking 41

Online and Mobile Banking Wire Transfer Small Business Mobile Banking 41

PYMNTS

SEPTEMBER 27, 2016

One where a trip to the grocery store or the bank is a thing of the past (if it isn’t already). consumers preferred shopping for groceries online and having them delivered to their homes. online grocery sales amounted to about $7 billion in 2015 and are expected to rise to $18 billion by 2020. In 2016, 5 percent of U.S.

Mobile Payments 72

Mobile Payments Online and Mobile Banking On-Demand Payments 72

FICO

FEBRUARY 23, 2016

The China Financial Certification Authority expects that mobile banking customers will account for around 24% of the total e-banking users in 2015, and that 40% of those will buy financial products through their smartphones. So far, in just over a year, the bank has received more than 3.5

Online and Mobile Banking 58

Online and Mobile Banking Credit Cards Advisors Mobile Banking 58

PYMNTS

NOVEMBER 28, 2016

For years, financial institutions have relied heavily on face-to-face interactions at the bank branch in order to determine the financial needs of their customers. But today, banks are struggling to make these complex decisions because, in many branches, customers are nowhere in sight. How can banks truly do more?

Online and Mobile Banking 72

Online and Mobile Banking Mobile Payments Checks Consumer 72

PYMNTS

OCTOBER 19, 2017

Seed , which launched in 2015 to disrupt small business (SMB) banking, is emphasizing its focus on mobile-first solutions in the wake of revelations of its recent survey. 18), Seed revealed news that it is rolling out small business banking solutions and released the results of a survey of 423 small businesses in the U.S.

Small Business 46

Small Business Cash Management Online and Mobile Banking Mobile Deposit 46

PYMNTS

JUNE 20, 2017

As the popularity of online shopping continues to rise, it comes as no surprise that there has also been an uptick in card-not-present purchases. trillion in 2015, representing a 26 percent growth rate that year. A combination of online spending and contactless payments are helping to drive these U.K. In 2016, U.K.

Rules 52

Rules Online and Mobile Banking Card Association Contactless Payments 52

PYMNTS

JUNE 20, 2017

PNC Bank is linking its corporate clients with a new mobile solution that links users of its Visa commercial cards into mobile wallet solutions Apple Pay, Android Pay and Samsung Pay. Instead, the mobile pay app creates a virtual card number unique to each transaction. labor force. ” U.S. . ” U.S.

Commercial Card 44

Commercial Card Online and Mobile Banking Payer Card Issuer 44

PYMNTS

JULY 18, 2019

Online bank N26 is now Germany’s highest-valued startup with a 3.5 The mobile bank now ranks among the most valuable European startups as well as being in the top ten most valuable FinTechs worldwide, N26 announced in a press release. billion valuation following a $170 million extension of Series D funding.

Online and Mobile Banking 43

Online and Mobile Banking Mobile Banking Innovation Transactions 43

PYMNTS

JULY 29, 2019

To accommodate this shift and the nation’s growing number of internet and smartphone users, tech giants like Amazon and Facebook are launching digital banking solutions focused on mobile devices. Chatbots, AI and Personalization in Indian Banking. Other FIs are turning to chatbots as more consumers embrace digital banking, too.

AI 72

AI Automation Online and Mobile Banking ATM 72

PYMNTS

MARCH 23, 2017

Adoption of mobile payments has been anything but explosive. Only about a fifth said they use it every chance they get — fewer respondents than October 2015, when 35 percent of them said the same. Bank’s President of Corporate Payment Systems Jeff Jones, corporates want to give mobile payments a try.

B2B 51

B2B Online and Mobile Banking Commercial Card Mobile Payments 51

PYMNTS

JANUARY 25, 2021

In today’s top digital-first banking news, German neobank N26 has hired a new chief financial officer (CFO) as it eyes a future initial public offering (IPO), while FinTech app Goalsetter has raised $3.9 The mobile banking program also allows for peer-to-peer (P2P) transactions and money transfers. million in a seed round.

Financial Literacy 74

Financial Literacy Underwriting Online and Mobile Banking Debit Card 74

PYMNTS

NOVEMBER 26, 2018

LINE is going to lease terminals that can be used with Tencent’s WeChat Pay system, which had 650 million active users as of the third quarter of 2015, as the company reported. The mobile payment industry in Japan is crowded with competition. Chinese tourism in Japan is growing rapidly – about 7.35

Mobile Payments 57

Mobile Payments Online and Mobile Banking Payments NOV 57

PYMNTS

FEBRUARY 17, 2020

Online bank N26 ‘s decision to exit the U.K. The Berlin-based digital bank said it would not be able to operate in the country anymore in the wake of Brexit, as it will no longer have a license to do business there. million customers since opening in 2015. Starling Bank, posted in a Tweet on Monday (Feb.

Online and Mobile Banking 92

Online and Mobile Banking SWIFT Accounts Posting 92

PYMNTS

JUNE 7, 2017

The latest Expectations & Experiences consumer trends survey from Fiserv , a leading global provider of financial services technology solutions, finds that consumers are paying more bills from mobile devices while slowly starting to venture into digital wallets.

Consumer 46

Consumer Online and Mobile Banking Debit Card P2P 46

PYMNTS

SEPTEMBER 3, 2020

Visa is teaming with Norwegian digital wallet company Vipps on a new initiative to boost mobile payments in Europe, according to a report from Cards International. Vipps, launched in 2015, has now reached 3.7 Over 75 percent of Visa payments in Europe have become contactless due to the pandemic, the report stated.

Mobile Payments 55

Mobile Payments eWallet Online and Mobile Banking Best Practices 55

Fintech Labs Insights

SEPTEMBER 17, 2015

The Best of Show votes for FinovateFall 2015 have been cast and counted! ” let’s meet the Best of Show winners of FinovateFall 2015 (in alphabetic order): Blockstack.io Finanteq for its SuperWallet that helps banks take full advantage of their potential by integrating m-commerce and remote services with mobile banking.

Online and Mobile Banking 33

Online and Mobile Banking EMV Innovation Mobile Banking 33

Fintech Labs Insights

MAY 13, 2015

Going into this year’s tally of FinovateSpring 2015 ballots, it was anybody’s guess which companies had won the hearts and minds of our attendees and would take home one of our coveted Best of Show awards. As always, thanks to everyone who attended and participated in FinvoateSpring 2015. We hope you enjoyed the show!

MSPS 33

MSPS Online and Mobile Banking ISOs Underserved 33

Fintech News

SEPTEMBER 18, 2024

In China, for example, biometric payments are already widely used, with services like Alipay offering facial recognition for payments since 2015. Juniper Research forecasts global biometric payments to grow over 100% between 2024 and 2028, and reach US$3 trillion in mobile, biometric-secured payments by 2025.

APACS 117

APACS Stablecoins Alternative Payment Methods BNPL 117

Fintech Finance

OCTOBER 10, 2024

Alipay+ , Ant International’s cross-border mobile payment and digitalization solution, revealed three trends shaping the future of tourism to the benefit of global merchants and the industry. Alipay+’s mobile payment partners from around the world have also seen significant growth.

Cross-Border 98

Cross-Border Transactions Digital Payments Technology 98

Stax

NOVEMBER 14, 2024

They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor. These are not banks, but rather governing bodies that set interchange rates, and arbitrate between acquiring and issuing banks. Acquiring Bank: The business’ (i.e., merchant’s) bank.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

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

Finovate

OCTOBER 4, 2024

Netherlands-based digital banking platform Plumery secured $3.3 Founded in 2022, Plumery offers a digital banking platform that enables businesses to rapidly customize and deploy their banking operations. This week’s edition of Finovate Global features recent fintech news and headlines from the Netherlands.

AI 64

AI Innovation Payment APIs and Integration Online and Mobile Banking 64

PYMNTS

SEPTEMBER 26, 2016

Gone are the days when bank robbers wore face masks and carried guns and dynamite to get into safes. Earlier this year, cybercriminals stole $81 million from the Bangladeshi central bank, and they also stole the trust that the SWIFT global payments network had built with its 11,000 users. from March 2015 to March 2016.

Online and Mobile Banking 78

Online and Mobile Banking SWIFT Credential Central Bank 78

Fintech News

FEBRUARY 20, 2024

In 2022, the country was home to 993 active fintech companies, representing about 25% of all fintech ventures operating across the ASEAN region, data from a 2022 report by the United Overseas Bank (UOB), PwC Singapore and the Singapore Fintech Association (SFA) reveal. Founded in 2015, Investree is a Jakarta-based alternative finance player.

FinTech 122

FinTech Payment APIs and Integration Online and Mobile Banking Security 122

Clearly Payments

APRIL 9, 2024

This includes digital platforms, software, and applications that offer financial services such as mobile banking, peer-to-peer (P2P) payments , online lending, and investment management. Key features of the fintech experience include mobile-first interfaces, 24/7 accessibility, and tech-driven personalized services.

Finance 89

Finance FinTech Online and Mobile Banking Payment APIs and Integration 89

PYMNTS

DECEMBER 7, 2017

If the definition of insanity is doing the same thing time and again and expecting different results, then perhaps the way we pay through, and interact with, online banking may have a hint of madness, or at least complacency. Security only works if both ends are using the network — and the world is a big place with lots of banks.

Security 40

Security Online and Mobile Banking Blockchain Credit Cards 40

Fintech Labs Insights

NOVEMBER 18, 2014

In late summer, I published a two-part post detailing the most important retail banking projects for next year ( here and here ). So in semi-prioritized order, here are six myths that continue to hamper the strategic planning of retail banks (at least in the United States). Those things can easily be done on mobile.

Online and Mobile Banking 30

Online and Mobile Banking Non-Bank P2P Consumer 30

PYMNTS

APRIL 30, 2018

But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. According to Bank of America head of small business Sharon Miller, this marks the highest level of optimism among SMBs since 2015.

Small Business 57

Small Business Online and Mobile Banking Credit Union Laws 57

PYMNTS

OCTOBER 14, 2016

According to Forbes, the past few years has seen an increase in bad loans that has caused traditional lenders to be more cautious in their lending, and that includes the nationalized banks. But few in India have good credit, and many do not have a bank account. Gyandhan has partnered with SBI and Axis Bank.

Finance 74

Finance Online and Mobile Banking Credit Cards On-Demand 74

Fintech Labs Insights

MAY 12, 2015

This post is part of our live coverage of FinovateSpring 2015. The company is demonstrating how it incorporated beacon technology into its mobile banking app. Digital Insight is illustrating the use of beacons within its mobile banking app. mobile banking end users. Digital Insight is up next.

Mobile Banking 31

Mobile Banking Online and Mobile Banking End User Acquirers 31

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

PYMNTS

NOVEMBER 28, 2018

Tencent’s WeBank, China’s first internet-only bank, is banking on artificial intelligence to improve customer service, reported CNBC. “Banking, traditionally, was passive in a sense that … there is an office and people walk in and get services and only the VIP get(s) the best services,” Qiang said.

AI 57

AI Automation Consulting Process 57

Fintech News

MAY 7, 2024

Top 100 Cross-Border Payment Companies for 2024, Source: FXC Intelligence, Apr 2024 The Top 100 Cross-Border Payment Companies for 2024 list encompasses companies operating across consumer money transfers and remittances, business-to-business (B2B) payments, e-commerce companies, payment processors, mobile payments players and beyond.

Cross-Border Payments 103

Cross-Border Payments Cross-Border Payment APIs and Integration APACS 103

The Fintech Times

NOVEMBER 16, 2024

per cent Central Bank of Armenia (CBA) Armenia’s growth has been driven in part by its young, tech-savvy population. Through its regulatory sandbox, the Central Bank of Armenia (CBA) has attracted $90million in investments, propelling the country to 34th place in the Global Fintech Index 2023. per cent holding a credit card.

FinTech 69

FinTech Central Bank Financial Literacy Online and Mobile Banking 69