Fintech Labs Insights

AUGUST 31, 2016

The ongoing migration to mobile provides financial institutions a chance to reboot their approach to delivering information digitally. Digital banking v1.0 desktop online banking) was primarily about porting paper-based statements into an online format. Digital banking v2.0 It’s a good long-term move.

Mobile Banking 22

Mobile Banking Online and Mobile Banking Credit Union Non-Bank 22

Finovate

APRIL 18, 2024

Bankjoy, a digital banking provider for banks and credit unions, announced a partnership with Pinwheel this week. Bankjoy will help its more than 70 bank and credit union customers integrate Pinwheel’s digital deposit switching (DDS) solution, Pinwheel Prime.

Direct Deposit 59

Direct Deposit Accounts Credit Union Online and Mobile Banking 59

PYMNTS

SEPTEMBER 1, 2020

Wells Fargo is launching a new, low-cost bank account — with access as well to a new digital payments service — in its latest move to push beyond a series of scandals. bank account, the bank noted in its announcement. The bank said it will also waive the $5 fee for younger account holders ages 13 to 24.

Digital Payments 93

Digital Payments Accounts Zelle Online and Mobile Banking 93

PYMNTS

DECEMBER 1, 2017

This year, Capital One researchers found that treasurers are especially interested in mobile banking capabilities as they seek new tools for their profession. At a time when we’re seeing mobile adoption continuing to gain traction, we hold ourselves to the highest standards to deliver an unparalleled customer experience.”.

Treasury Management 40

Treasury Management Treasury Online and Mobile Banking Cybersecurity 40

PYMNTS

SEPTEMBER 7, 2016

“Around the globe, we continue to work with our bank and merchant customers to deliver new features and functionality to Masterpass that not only solve for their needs but address the issues facing the ultimate customer — the consumer. In doing so, we’ve developed a platform that’s second-to-none and unique in the market today.

Online and Mobile Banking 41

Online and Mobile Banking Issuers Visa Digital Payments 41

PYMNTS

MAY 9, 2017

Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. What’s more, 90 percent said they think they would use biometrics for online payments in the future because they see it as a more secure method.

Mobile Payments 55

Mobile Payments Online and Mobile Banking Authentication Payments 55

PYMNTS

JULY 17, 2019

Zelle P2P payments increased 79 percent year-over-year (YoY) in the second quarter of 2019, Bank of America said Wednesday (July 17), signaling the latest burst of growth for that payment method. In its Q2 2019 financial release , Bank of America also gave updates on its mobile and digital efforts. billion for U.S.

Zelle 47

Zelle Online and Mobile Banking Debit Card Payments 47

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

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 April 26-29.

Online and Mobile Banking 58

Online and Mobile Banking Credit Cards Advisors Automation 58

The Paypers

APRIL 1, 2016

(The Paypers) Hellenic Bank Association (HBA), the representative body of the majority of Greek and foreign credit institutions operating in Greece, and MyBank , an e-authorisation solution that enables customers to pay for their online purchases via their regular online or mobile banking environment, have announced that four local banks will implement (..)

Online and Mobile Banking 34

Online and Mobile Banking Mobile Payments Transactions Mobile Banking 34

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

FICO

DECEMBER 4, 2017

As the proud winner of my local fantasy league’s 2016 trophy (pictured above), I’m keenly focused on gearing up for my 2017 playoff run. Not a mobile payment, Venmo or Zelle, PayPal or Cashbot was in sight. Mobile Payments Proliferate. I’m concerned about the emergence of yet another opportunity for mobile payments fraud.

Mobile Payments 64

Mobile Payments Zelle Online and Mobile Banking ATM 64

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

Fintech Labs Insights

APRIL 17, 2017

Coca-Cola CU (CCCU), an Atlanta-based credit union serving the employees of The Coca-Cola Company and their immediate families, has picked Bankjoy to provide online and mobile banking services for its members. The post Coca-Cola Credit Union Chooses Bankjoy As New Mobile Banking Provider appeared first on Finovate.

Credit Union 17

Credit Union Mobile Banking Wire Transfer Online and Mobile Banking 17

Fintech Labs Insights

JUNE 1, 2016

The “tech startup from New York” as it called itself during its Finovate debut this spring is the choice of China’s Fujian Rural Credit (FJRC) , which is enhancing its online and cloud-based banking offerings. The post Big Blue Backs Mobile Banking in Rural China appeared first on Finovate. Virginia M.

Mobile Banking 15

Mobile Banking Online and Mobile Banking Credit Union Credit Risk 15

PYMNTS

JANUARY 26, 2021

CU members who reported shopping online at least several times a week increased by nearly 50 percent since the pandemic began last spring. Affinity Federal Credit Union is one such CU that began upgrading its systems in 2016 as the New Jersey-based CU began its evolution to an automated service model.

Credit Union 110

Credit Union Contactless Payments Online and Mobile Banking Credit Union Service Organization 110

PYMNTS

JUNE 30, 2016

Today marks the last day of June 2016, which means we’re halfway through the year. And what better way to mark that milestone than with a monthly recap of the Top 12 news items in one major market in the payments ecosystem: mobile payments. Here’s what you may have missed this month from some of the top mobile pay players.

Online and Mobile Banking 41

Online and Mobile Banking Mobile Payments PayPal Visa 41

PYMNTS

JANUARY 30, 2019

Bank of America is giving free trades to its most loyal members, according to a report by Bloomberg. The bank will expand the eligibility for free trades on stocks and exchange-traded funds to the upwards of 5.25 million customers enrolled in the bank’s preferred rewards program. In all, Bank of America now has 36.3

Zelle 56

Zelle Online and Mobile Banking P2P Enrollments 56

PYMNTS

FEBRUARY 20, 2018

It doesn’t look like global banking regulators will be rushing to change their rules for FinTechs anytime soon. According to Reuters , traditional banks will feel the impact if FinTechs start offering services such as payments, crowdfunding, mobile banks and online trading.

Regulations 40

Regulations Rules FinTech Online and Mobile Banking 40

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

AUGUST 3, 2017

Latin America’s fintech scene is gaining momentum, with 80+ fintech deals closing for around $300M in 2016, and over 100 deals already closed in 2017. Latin America fintech companies are creating solutions aimed at rethinking banking, lending, and payments in the region. Digital Banking. Digital Banking. 630+ items.

FinTech 65

FinTech Online and Mobile Banking Digital Currency Cryptocurrency 65

Fintech News

FEBRUARY 7, 2024

Netbank – US$344 million (Series A, Philippines) Filipino banking-as-a-service (BaaS) provider Netbank secured the largest funding round in Southeast Asia (excluding Singapore) last year, raising in May 2023 a US$344 million Series A funding round, data from KPMG and Pitchbook show. billion (US$36 million) in premiums.

FinTech 106

FinTech Online and Mobile Banking Non-Bank On-Demand 106

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

PYMNTS

AUGUST 17, 2017

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Can banks have it both ways?

Online and Mobile Banking 53

Online and Mobile Banking Non-Bank FinTech Addressing 53

PYMNTS

OCTOBER 21, 2016

20) it has signed a memorandum of understanding (MoU) with Mastercard to roll out Masterpass QR, a mobile payment solution, across 33 African countries. Soon, 32 more countries across Africa will receive the benefits of the partnership by the end of 2016. The Ecobank Group announced Thursday (Oct.

Online and Mobile Banking 59

Online and Mobile Banking Visa Digital Payments Payment Solutions 59

PYMNTS

SEPTEMBER 29, 2017

For consumers looking for mobile banking options, there’s no shortage of solutions available in digital download stores alone. based, startup, digital and mobile financial firm Starling Bank, the answer has often involved trying to stay ahead in the crowded digital banking race. Pushing forward on partnerships .

Payment APIs and Integration 46

Payment APIs and Integration Online and Mobile Banking Faster Payments Cross-Border 46

Fintech News

FEBRUARY 7, 2024

Netbank – US$344 million (Series A, Philippines) Filipino banking-as-a-service (BaaS) provider Netbank secured the largest funding round in Southeast Asia (excluding Singapore) last year, raising in May 2023 a US$344 million Series A funding round, data from KPMG and Pitchbook show. billion (US$36 million) in premiums.

FinTech 93

FinTech Online and Mobile Banking Non-Bank On-Demand 93

PYMNTS

DECEMBER 14, 2018

Banks and businesses handling personal information face a delicate balancing act as global systems embrace smarter payments. Data is crucial and — fortunately, for banks and businesses in the smarter payments space — plentiful. financial services sector as consumers embrace digital technology for the banking and retail industry.

Payments 72

Payments Online and Mobile Banking Regulations Faster Payments 72

PYMNTS

JANUARY 25, 2017

Like so many other industries, banking sure isn’t what it used to be. Modern technology has revamped everything from retail to shipping, and financial services has been transformed from a brick-and-mortar business, with most transactions being conducted in person at bank branches and other physical locations, to a digital endeavor.

Online and Mobile Banking 46

Online and Mobile Banking Wire Wires Breach 46

PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Banks 52

Community Banks FinTech Small Business FDIC 52

PYMNTS

SEPTEMBER 7, 2016

Chinese telecommunications firm Huawei and Indian IT firm Infosys are pairing up to help banks get on the cloud. 5) said the two companies have launched Mission Critical Cloud for Bank 3.0, The reference to Bank 3.0 “Banking is no longer somewhere you go but something you do,” he said in his address.

Online and Mobile Banking 40

Online and Mobile Banking CRM Mobile Banking Authorization 40

PYMNTS

NOVEMBER 30, 2017

was raised in 2016 from £20 to £30, the overall volume of contactless payments tripled. As of 2016, total banknotes in circulation grew by 10 percent to reach £70 billion — the fastest growth in a decade, according to the Bank of England (BoE). in 2016, according to BoE’s data. continues to climb. And rightfully so.

Contactless Payments 66

Contactless Payments Alternative Payment Methods Online and Mobile Banking ATM 66

PYMNTS

APRIL 5, 2016

Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing today.

Risk 40

Risk Fed FinTech Online and Mobile Banking 40

Fintech Labs Insights

JANUARY 13, 2016

Can you imagine spending as much time with your banking app as you do with Facebook or Twitter? Not only can FINANTEQ imagine it, but with its new banking app, SuperWallet , the Polish spin-off from eLeader is doing everything it can to make it happen across Europe and, soon, the U.S. ” The Future.

Innovation 15

Innovation Online and Mobile Banking Non-Bank Mobile Banking 15

PYMNTS

FEBRUARY 27, 2017

SoFi, an online finance company providing student loan refinancing, mortgages, personal loans and more, announced last week it has entered into an agreement for $500 million in Series F financing, led by Silver Lake, a private technology-investing firm. According to Finextra , this round brings the company’s total funding to $1.9 customers.

Online and Mobile Banking 46

Online and Mobile Banking Finance Agreements Origination 46

Fintech News

JUNE 3, 2024

The firm counts 20 Indonesian fintech companies in its portfolio, including open finance startup Finantier, crypto investment app Nobi, SME finance platform Fazz, and SME banking platform KoinWorks. Since 2016, MDI Ventures has been trusted in managing multiple funds and has invested in over 80+ companies across 12 countries.

FinTech 116

FinTech Boot Camp Participant Online and Mobile Banking 116

FICO

MARCH 27, 2017

Four years ago, we at FICO started saying it’s time for banks to upgrade fraud protection in their retail banking departments. Are banks truly ready for same-day ACH? Are banks truly ready for same-day ACH? This exposes banks to fraudsters, who will quickly find and exploit the weakest link. How to fight back.

Same Day ACH 40

Same Day ACH ACH AI Online and Mobile Banking 40