CB Insights

JANUARY 5, 2021

In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. First name. First name. Company Name. Phone number. Source: PwC.

Online and Mobile Banking 98

Online and Mobile Banking Financial Inclusion Checks Federal Reserve 98

Fintech News

JULY 15, 2024

billion) in 2022, according to Thant Mam Hein, assistant manager of sustainability at uab bank. Reports also show that approximately 50% of Myanmar’s adult population had a bank account in 2020, reflecting growth in financial inclusion and creating new opportunities for businesses and individuals. trillion (US$3.8 trillion (US$3.8

FinTech 108

FinTech Online and Mobile Banking Financial Inclusion Payroll 108

PYMNTS

MAY 27, 2020

More consumers are turning to the omnichannel offerings of banks and credit unions (CUs) as they follow stay-at-home mandates, and cybercriminals are eager to launch attacks that make use of these channels. Deep Dive: Why Banks Must Examine Customer Behaviors Across Channels. Around The FI Fraud Decisioning World.

Scams 98

Scams Account Takeovers Online and Mobile Banking Credit Union 98

PYMNTS

JULY 25, 2019

According to the report, The Evolution of New Account Fraud , produced by Javelin Strategy & Research , NAF tactics have shifted with the growing popularity of online accounts and payments. Fraud has also migrated, finding less conventional targets, such as loan products, as prime NAF candidates.”. million consumers in 2018.

Accounts 59

Accounts Online and Mobile Banking Enrollments Issuers 59

PYMNTS

FEBRUARY 11, 2019

Mobile devices, apps and voice assistants – by allowing consumers to order ahead and pay, pay via QR codes anywhere in the store and use auto-pay when leaving the store – will make checking out 100 percent digital, even when consumers choose to visit a physical store to make a purchase. Sure, more terminals in the U.S.

Online and Mobile Banking 78

Online and Mobile Banking Consumer Innovation Payments 78

Fintech News

AUGUST 12, 2024

A new report by Reputa, an online reputation monitoring system provided by Viettel, Vietnam’s state-owned telecommunications giant, offers an analysis of the country’s fintech sector and provides rankings of the most reputable fintech companies in Vietnam based on their online reputation and reach.

FinTech 96

FinTech Online and Mobile Banking Point-of-Sale (POS) Payment Gateways 96

CB Insights

MARCH 13, 2019

From gaming to healthcare to pizza delivery, US-based startups which reached unicorn status in 2018 represent a diverse range of industries. Silicon Valley produced plenty of $1B+ companies in 2018, but other parts of the country also had a strong showing. Pizzas are transported in mobile kitchens to improve freshness on delivery.

Online and Mobile Banking 77

Online and Mobile Banking Automation Payment APIs and Integration Technology 77

PYMNTS

JANUARY 4, 2018

Another year, another chance for mobile wallet players to convince consumers to give up their plastic cards and utilize the phone as a payments form factor. The most-used mobile wallet in the U.S. The most-used mobile wallet in the U.S. Mobile adoption in the U.S. It hasn’t been easy. percent to be exact).

Push-to-Card 43

Push-to-Card Online and Mobile Banking Mobile Payments Wire Transfer 43

PYMNTS

SEPTEMBER 11, 2019

Make that leather wallet a mobile one, wielded on smartphones. As we noted in this space earlier in the summer, using apps to bank is markedly being embraced by the younger generation. As spotlighted in the Digital Banking Tracker , the global digital banking market is slated to grow by 16 percent, compounded annually.

Non-Bank 64

Non-Bank Online and Mobile Banking Authorization Regulations 64

PYMNTS

JULY 23, 2020

Open banking has been picking up steam in Latin America for more than two years. Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. Open Banking And Digital Readiness. the region.

Online and Mobile Banking 66

Online and Mobile Banking Regulations Laws Push-to-Card 66

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. Money, Which?

Financial Inclusion 69

Financial Inclusion Bank Closure Online and Mobile Banking Underserved 69

PYMNTS

DECEMBER 5, 2016

The move to adopt mobile payments is progressing at a slow pace, largely because lack of a steady framework across shopping channels is slowing the adoption of mobile payments technology in North American and European markets. Baby steps toward mobile payments. consumers and 74.6 percent of U.K. and Europe.

Mobile Payments 65

Mobile Payments Multifactor Authentication Online and Mobile Banking Authentication 65

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. Key takeaways.

Online and Mobile Banking 78

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

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 22, 2019

Banks are not just competing for customer engagement and retention — they are also vying for funding and resources as they overhaul their infrastructure and banking tools. The latest Digital Banking Tracker examines how legacy institutions stay competitive with challenger banks. Competition Can Lead to Innovation.

Online and Mobile Banking 66

Online and Mobile Banking Non-Bank Acquirers Fed 66

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. How the products work.

Debit Card 71

Debit Card Checks Accounts FinTech 71

PYMNTS

JULY 24, 2020

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. FinTechs Flourishing.

Online and Mobile Banking 67

Online and Mobile Banking Regs Regulations Cross-Border 67

PYMNTS

MARCH 22, 2018

Online and mobile banking interfaces have become must-have features for financial institutions in the digital age. Fifty-five percent of Americans have a full-service banking app on their phone, and 16 percent check these apps at least once per day. Around the Digital Banking World.

Online and Mobile Banking 60

Online and Mobile Banking Mobile Deposit Checks P2P 60

PYMNTS

DECEMBER 26, 2018

A good education on this online retail trend — an education backed by original data — comes from Azita Habibi, business development lead at Braintree , a payments services firm owned by PayPal. online shoppers leave behind $1.79 That’s the authentication issue tackled here by ModoPayments (Modo) Founder and CEO Bruce Parker.

Cross-Border 62

Cross-Border Real Time Payments RTP Online and Mobile Banking 62

PYMNTS

DECEMBER 24, 2018

It may seem like 2018 was the year of the fraudster, of bad guys and gals acting in concert to steal money, steal privacy and use data for any number of gains. David Divitt, vice president of financial crime products at Vocalink, told PYMNTS’ Karen Webster that $1.45 gig workers in 2018, according to the PYMNTS Gig Economy Index.

Financial Crimes 65

Financial Crimes B2B Real Time Payments Crime 65

PYMNTS

APRIL 30, 2020

The coronavirus pandemic has consumers around the world turning to digital devices to access banking services. The new surge in demand is putting financial institutions’ (FIs’) online and mobile offerings to the test and allowing FIs to show off their digital investments and know-how to assure customers that they are in good hands.

Online and Mobile Banking 60

Online and Mobile Banking Debit Card Mobile Banking Adjustments 60

Fintech News

MARCH 6, 2024

Prior to Airwallex, Liu worked as an investment consultant for banking firm China International Capital Corporation (CICC) in Shanghai. She also won the EY Entrepreneur Of The Year Australia Southern Region award 2018. At Airwallex, Liu is responsible for the company’s branding and operations.

APACS 102

APACS FinTech Online and Mobile Banking Multi-Currency 102

PYMNTS

JUNE 3, 2020

Brick-and-mortar branches shuttered as social distancing measures were enforced, and customers subsequently turned to mobile apps or websites to fulfill their banking needs rather than risking in-person visits. Online account openings have increased 14.5 Confronting Digital Banking Reality.

Online and Mobile Banking 52

Online and Mobile Banking Contactless Payments Mobile Banking Volume 52

PYMNTS

SEPTEMBER 13, 2016

According to a press release , ING said it will transform social media sites, including WhatsApp, Facebook , Twitter and LinkedIn, into payment request channels for customers who use its mobile app. The recipients get the payment request, as well as a one-click link that takes them to online payment service iDeal. 22 to Oct.

Online and Mobile Banking 70

Online and Mobile Banking Payments Accounts Mobile Banking 70

Stax

JANUARY 24, 2024

Existing QuickBooks Desktop users face the choice of upgrading to a newer version, switching to QuickBooks Online, or exploring alternative accounting software. This change affects the following products: QuickBooks Desktop Pro Plus QuickBooks Desktop Premier Plus QuickBooks Desktop Mac Plus QuickBooks Desktop Enhanced Payroll subscription.

Payroll 88

Payroll Accounts Multi-Currency Product 88

PYMNTS

OCTOBER 14, 2020

The way it works, since the company began testing it in the city of Kahramanmaras in 2018, is that users can send a text message and refill their cards via mobile phone. That was inconvenient for those who lacked bank accounts. The country otherwise has sophisticated online banking products and an emerging FinTech sector.

Online and Mobile Banking 70

Online and Mobile Banking FinTech Push-to-Card Credit Cards 70

PYMNTS

OCTOBER 31, 2018

But competition and marketing expenses will cut into profits, and mobile revenue declined about 12 percent year over year. That news comes as Samsung better positions itself for the coming of 5G mobile technology — in mid-October, Samsung said it had bought Zhilabs to further enhance its 5G capabilities. Mobile Flagship Sales.

Online and Mobile Banking 49

Online and Mobile Banking On-Demand AI ATM 49

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. billion to US$15 billion during the period. monthly active users in 2021.

FinTech 103

FinTech Payment APIs and Integration Online and Mobile Banking Security 103

Finovate

OCTOBER 4, 2024

Netherlands-based digital banking platform Plumery secured $3.3 “Our commitment to product excellence and expansion into key markets (are) central to our roadmap, and this funding will propel us even further,” Plumery Founder and CEO Ben Goldin said. million in funding this week.

AI 64

AI Innovation Payment APIs and Integration Online and Mobile Banking 64

CB Insights

OCTOBER 26, 2020

In 2006, investment banks were at the top of the finance world. After the collapse of Lehman and Bear Stearns and the global financial crisis that ensued, the business models of the world’s biggest investment banks needed to change. As a result, banks are facing dropping IPO profits. Some banks have collapsed.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

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

JANUARY 12, 2020

It will integrate with the financial giant’s digital bank Marcus. Exactly what I was waiting for,” one Apple App comment read regarding Goldman’s latest product. Prior to that time, the venerable Goldman Sachs was primarily an investment bank and trading house utilizing wholesale market funding since being founded in 1869.

Credit Cards 52

Credit Cards Consumer Finance Transactions 52

PYMNTS

MARCH 23, 2018

But customers’ constant demand for cutting-edge products and services is adding to the load of already heavy security burdens. Bank customers’ needs and demands of financial service providers are growing more sophisticated and complex. FinServ cybersecurity is, of course, a prime target for innovation. What is driving this trend?

Innovation 74

Innovation Security Visa Online and Mobile Banking 74

PYMNTS

JANUARY 20, 2021

In broad strokes, open banking lays out a path and process for banks and other financial institutions (FIs) to share their customers’ data with third parties (even competitors), where that data tie into apps and new products and services. Dan Weaver, open banking expert at Equifax U.K., Open Banking In The States .

Consumer Financial Protection Bureau (CFPB) 75

Consumer Financial Protection Bureau (CFPB) CFPB Online and Mobile Banking API 75

PYMNTS

JANUARY 18, 2019

Now, though, mobile and other forms of digital payments are making inroads into penitentiaries around the world. And that’s not only for money going into prisons to help inmates purchase toiletries, foods and other products. And last year, the People’s Bank of China found 602 instances in which merchants refused to accept cash.

Mobile Payments 63

Mobile Payments Payments Online and Mobile Banking Digital Payments 63

PYMNTS

AUGUST 28, 2020

The COVID-19 pandemic has accelerated the need for FIs to quickly scale and roll out faster payment experiences , whether that means offering businesses instant access to loans or enabling access to consumers’ stimulus funds without any wait, says Bryce Elliott , CIO at Truist Bank. Trackers and Reports. Fun, Cool, and Otherwise Interesting.

Online and Mobile Banking 83

Online and Mobile Banking Faster Payments Push-to-Card Issuers 83

PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. million in tokens for DENT, a mobile data ICO; and over $1.1 Theranos Investors Settle. They also stole $13.8

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40