CB Insights

FEBRUARY 20, 2019

Download the free report to learn about the biggest trends from fintech in 2018 and ones to watch for 2019. Below, we answer some of our readers’ most pressing questions on the state of fintech, coming straight from our 2019 Fintech Trends To Watch report. What markets outside of Europe are ripe for fintech in 2019?

FinTech 57

FinTech Online and Mobile Banking Participant Research 57

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. S&P’s analysis shows that Indian mobile-payment transactions grew 163 percent to $287 billion in 2019.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Payments 56

PYMNTS

MAY 8, 2020

Shopping on mobile devices has increased 7.7 percent in March, even as shopping in stores is down, according to recent PYMNTS research. Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. Online Gambling Changes .

Online and Mobile Banking 70

Online and Mobile Banking ACH Regulations Laws 70

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. S&P’s analysis shows that Indian mobile-payment transactions grew 163 percent to $287 billion in 2019.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Payments 56

FICO

JANUARY 6, 2020

Here are the 5 customer development posts from 2019 with the most views on the FICO Blog. Consumer Banking Predictions 2019: Four Trends to Watch. Banks Will Get Smarter in the War for Deposits. “…any top 100 banks will invest in an area that has been neglected for too long — deposit pricing strategy.”.

Posting 52

Posting AI Online and Mobile Banking Real Time Payments 52

PYMNTS

JULY 23, 2020

Open banking has been picking up steam in Latin America for more than two years. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. It also analyzes how the pandemic is affecting the future of open banking in. the region.

Online and Mobile Banking 66

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

CB Insights

JANUARY 23, 2020

GET THE 88-PAGE q3 2019 FINTECH TRENDS REPORT. The majority of US consumers already prefer to pay their bills online, either through bank websites or directly through the biller’s site. The post The Future Of Payments: Bill Payments Are Going Mobile appeared first on CB Insights Research. Want the full post?

Payments 43

Payments Mobile Payments FinTech Research 43

PYMNTS

NOVEMBER 14, 2019

While small businesses often struggle with a lack of integrated digital tools from their traditional financial service providers, the friction in small business banking is often acute even before an SMB opens an account. Recent research from J.D. Power found that small businesses continue to embrace mobile banking, with its 2019 U.S.

AML 59

AML Online and Mobile Banking Small Business Deepfake 59

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

PYMNTS

FEBRUARY 4, 2020

The decision opened the floodgates to legalized sports betting – both in-person and online – in the U.S. All in, counting online and in-person wagers, Super Bowl betting was worth roughly $6.8 In a microcosm of the national expansion, New Hampshire’s newly online sports gambling program raked in $2.31

Legal 53

Legal Online and Mobile Banking Verification Regulations 53

PYMNTS

SEPTEMBER 17, 2019

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses. Arou nd the Digital Banking World. Banks in other regions are also dealing with data breaches of their own, such as U.K. digital bank Monzo. market debut.

Online and Mobile Banking 78

Online and Mobile Banking Account Takeovers Breach Data Breach 78

Fintech News

MAY 15, 2024

The increasing affordability of leisure time, the seismic surge in the digital economy , the proliferation of high-speed internet, advancements in mobile technology, and the shift towards remote work will also play significant roles. Since 2019, active gamers have surged across all key markets.

FinTech 105

FinTech Online and Mobile Banking Payment APIs and Integration Economy 105

PYMNTS

NOVEMBER 16, 2020

A new report from TransUnion shows that average consumer-level credit card balances have declined during the course of the COVID-19 pandemic and now stand at $5,075 as of Q3 2020, down from $5,668 in Q3 2019. The recent declines in total credit card balances reverse a three-year trend between the third quarters of 2017-2019,” said TransUnion.

Credit Cards 121

Credit Cards Online and Mobile Banking Consumer Research 121

PYMNTS

JUNE 10, 2020

The need to stay at home and minimize person-to-person contact during the COVID-19 pandemic has pushed mobile banking use into overdrive. Customers are unable or unwilling to visit bank branches, instead using apps to conduct their financial activities and generating an 85 percent rise in mobile banking activity in April.

Security 52

Security Online and Mobile Banking Enrollments Mobile Banking 52

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

PYMNTS

SEPTEMBER 26, 2016

The newspaper cited Ripple’s use of blockchain technology and the ability of two small banks, one in Canada and one in Germany, to complete cross-border online transactions in record time as an example of the latest banking innovations. While most international bank transfers take days to complete, this took just 20 seconds.

Regulations 72

Regulations FinTech Online and Mobile Banking Third-Party Service Provider 72

PYMNTS

JULY 31, 2020

China’s State Council’s Anti-Monopoly Commission is considering investigating Alipay and WeChat Pay , two of the county’s biggest online payment and money transfer platforms, Reuters reported. COVID-19 and its aftermath moved the country from cash to online payments. The mobile banking market reported 56.2

Regulations 72

Regulations Online and Mobile Banking Request for Comment Central Bank 72

PYMNTS

DECEMBER 19, 2019

PayPal has acquired a 70 percent equity stake in Guofubao Information Technology ( GoPay ) and will head to China as the country’s first online-only payments platform, PayPal said in a press release on Thursday (Dec. 30 by the People’s Bank of China, according to reports. mobile apps and spend 6.3 They use an average of 2.22

PayPal 53

PayPal Online and Mobile Banking Central Bank Cross-Border 53

PYMNTS

JUNE 25, 2019

Bank of America (BofA) announced on Tuesday (June 25) that it’s launching a digital debit card, according to a release by the company. It’s also making other additions to its banking app to help customers handle their finances while they’re on the move.

Debit Card 52

Debit Card Online and Mobile Banking ATM Small Business 52

PYMNTS

OCTOBER 13, 2016

While mint chocolate chip ice-cream might be the way to a foodie’s heart, MintChip digital currency is not the way to a millennial’s mobile wallet, apparently — at least not in Liberty Village, Toronto. South Korea Is Mega Mobile. Korean consumers see no evil in mobile payments. is that Android mobile users in the U.K.

Mobile Payments 79

Mobile Payments Online and Mobile Banking Payments Digital Currency 79

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. Thu, 12/19/2019 - 16:29. billion globally in 2021 – banks and credit unions are losing their status as the primary financial services providers to American consumers. Taking the FinTech Threat Seriously: What Should Banks Be Doing to Compete?

Credit Union 52

Credit Union FinTech BNPL Online and Mobile Banking 52

PYMNTS

JANUARY 7, 2019

But while alternative payment methods are certainly on the upswing in 2019, there are significant hurdles that promise to impede their progress in the developing world and elsewhere. Mobile Fuel. The online payments industry in India is expected to grow tenfold to $500 billion by 2020. WeChat provides good evidence of that.

Alternative Payment Methods 76

Alternative Payment Methods Online and Mobile Banking Payments eWallet 76

Clearly Payments

MARCH 18, 2024

They’re also big fans of mobile wallets. A report by Juniper Research predicts that by 2024, there will be 4.6 billion mobile wallet users worldwide, with Gen Z and Millennials leading the pack. Baby Boomers (born 1946-1964): They still rely on cash quite a bit, according to a study by the Federal Reserve Bank of Boston.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

PYMNTS

NOVEMBER 26, 2019

In today’s top payments news, more than half of the 3,114 counties in the United States lost bank branches from 2012 to 2017. Bank Branch Closings Take Toll On Rural Communities. Kaspersky: Fake Push Notifications Have Grown Nearly 70 Pct In 2019. How Spend Tools Feed Food Banks’ Need For Accountability. for $4 billion.

Online and Mobile Banking 52

Online and Mobile Banking Federal Reserve Push-to-Card NOV 52

CB Insights

MARCH 7, 2019

Startups are building applications for the 66% of citizens in Sub-Saharan Africa that are unbanked, according to the World Bank. live briefing: Payments Trends to Watch in 2019. Join us for a live briefing as we take a look at some of the most important trends happening in payments, both at the physical point-of-sale and online.

FinTech 51

FinTech Online and Mobile Banking Payments Trends Research 51

PYMNTS

JUNE 27, 2019

As consumers rely on digital channels to fill more complex financial needs, identity verification is crucial in the world of banking. Fraudsters are finding new ways to slip past technological defenses, which leaves banks constantly upgrading the tools used to keep them out. Around the Digital Banking World. by the end of 2019.

Online and Mobile Banking 43

Online and Mobile Banking Authentication AI Innovation 43

PYMNTS

DECEMBER 31, 2020

Key Data Points: Consumers are performing 12 percent more activities at home in 2020 than they did in 2019 and making purchases during 12 percent of those activities, on average. percent made purchases via mobile in the last 24 hours. 31 percent bank via app. percent made purchases via mobile in the last 24 hours.

Innovation 111

Innovation Online and Mobile Banking Real Time Payments Cross-Border 111

PYMNTS

DECEMBER 11, 2020

Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits.

BNPL 70

BNPL Online and Mobile Banking Credit Cards Community Banks 70

CB Insights

AUGUST 26, 2021

In 2019, the firm launched a $5B Latin American Fund, as well as a second Vision Fund, which has since grown in size to roughly $30B. It’s on track to reach 197 deals by year-end — nearly 3x its previous record in 2019. SoftBank has backed Gympass , which provides access to in-person gyms, across multiple rounds since 2019. .

Online and Mobile Banking 94

Online and Mobile Banking Participant AI Automation 94

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

JANUARY 24, 2020

Amazon is making new moves in payments, 2019 holiday sales trends are helping to set the table for 2020, a virus is infecting the world of commerce and stationery sales might find signs of new life in this digital world. Ex-Wells CEO Fined, Banned From Banking For Life. Fiserv: What The 2019 Holiday Shopping Data Says About 2020 Spend.

Online and Mobile Banking 60

Online and Mobile Banking Office of the Comptroller of the Currency Central Bank OCC 60

PYMNTS

DECEMBER 24, 2020

If there was a defining trend for payments in 2020, or a trend that gained the most traction compared to 2019, it was buy now, pay later (BNPL). Millennials have shown remarkable interest in these solutions, which allow consumers to finance purchases with specific terms when they check out online. PYMNTS research shows 11.5

RTP 104

RTP BNPL Real Time Payments Online and Mobile Banking 104

PYMNTS

NOVEMBER 20, 2020

The space has experienced robust expansion, with one report noting that more than 17 million consumers around the globe joined CUs in 2019. Membership stood at a record 291 million across 118 countries last year, and research shows that these figures are poised to stay steady or grow. Mixing Digital, In-Branch Banking Approaches.

Credit Union 101

Credit Union Technology AI Direct Deposit 101

PYMNTS

NOVEMBER 26, 2020

Many banks, utility companies and government agencies have been leveraging two-factor authentication (2FA) for several years. A key facet of this shift has been an increased reliance on mobile phones. A silver lining exists, however. That number appears to be rising, too, as just 37 percent of consumers said the same last year.

Verification 69

Verification Security Authentication Online and Mobile Banking 69

PYMNTS

JANUARY 26, 2018

Methods like a one-time password sent by text message (SMS), for example, can cause many consumers to abandon their online shopping carts. 23) that its issuers must offer biometric identification to its account holders by April 2019. Many banks already provide biometric authentication for their online banking apps,” Sass said.

Authentication 66

Authentication Visa Regulations Online and Mobile Banking 66

PYMNTS

JANUARY 23, 2020

More than 42 percent of consumers received at least one instant payment in 2019, but such disbursements have a way to go before they are as common as many would like. They may be less common in retail, especially as more purchases move online, but they are holding on as the disbursement methods of choice for businesses.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

PYMNTS

JANUARY 19, 2021

What if close to half of all companies surveyed said productivity during COVID-19 work-from-home (WFH) orders is actually rising, as more business is conducted efficiently online and less time goes into commutation or gets siphoned off by sundry other office intrusions? Well, they’ve said it. billion in 2020 alone.”.

Continuity 60

Continuity Verification Online and Mobile Banking Cross-Border 60