The Fintech Times

APRIL 9, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. Banking-as-a-Service (BaaS) describes the concept that enables non-bank platforms to access banking capabilities traditionally only offered by licensed banks.

Financial Inclusion 121

Financial Inclusion Underserved Non-Bank Embedded Finance 121

Lending Front

MAY 11, 2021

The data paints a clear picture: Black entrepreneurs are disproportionately turned down for capital and report more loan challenges than non-minority owned firms. They create jobs, stimulate economic growth, deliver crucial products and services, and add to the vibrancy of communities across the nation.

Community Banks 52

Community Banks Small Business Federal Reserve Non-Bank 52

Fintech Finance

JUNE 11, 2024

As a result, community banks, credit unions, Minority Depository Institutions (MDIs), and Community Development Financial Institutions Funds (CDFIs) are struggling to retain customers and grow deposits. Through Finli’s digital solutions, financial institutions have a direct path to: Growing non-interest income.

Small Business 97

Small Business Credit Union Non-Bank Community Banks 97

PYMNTS

OCTOBER 4, 2019

For community banks and credit unions, their physical proximity to the small businesses they’re servicing is often pointed out as a major advantage these smaller players hold over the big banks, enabling these FIs to develop deeper relationships with their small to medium-size business (SMB) clients, anticipate their needs and establish trust.

Credit Union 60

Credit Union Community Banks Small Business Non-Bank 60

PYMNTS

JANUARY 29, 2018

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. Credit unions cannot invest more than 12.25 Now, a decade on, small business optimism is up in the U.S.,

Credit Union 46

Credit Union Small Business Non-Bank Origination 46

PYMNTS

OCTOBER 4, 2019

FinTechs in Europe have been experiencing a rise in value as many investors look for alternatives to run-of-the-mill, brick-and-mortar banks. Digital banks are generally seen as more attractive, as they are no longer struggling to find a solid foothold after the financial crisis a decade ago. Finastra has been successful, with $1.9

FinTech 78

FinTech Credit Union Community Banks Non-Bank 78

PYMNTS

FEBRUARY 8, 2019

In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. And, according to the report, “multiple sources” claim that FIs beyond credit unions have received such emails. are said to have been sent emails that appeared to have come from other BSA officers.

BSA 53

BSA Phishing NCUA Credit Union 53

PYMNTS

SEPTEMBER 15, 2016

In an effort to bridge what is increasingly being known as the “inclusion gap” for minorities, Visa is finding promise in supporting products for financial inclusion in the credit union and community bank portfolio. and the ways credit unions are tapping into that potential.

Financial Inclusion 76

Financial Inclusion Credit Union Underserved Non-Bank 76

PYMNTS

JANUARY 23, 2020

The RTP Business Committee — comprised of representatives from community banks, credit unions and TCH member banks — green-lighted the new transaction limit. TCH was founded in 1853 and supports hundreds of banks and credit unions. Bank and Wells Fargo. More than half of U.S.

TCH 52

TCH RTP Transactions Credit Union 52

FICO

APRIL 24, 2020

Last Tuesday, FICO’s Matt Stanley and Tom Dehler presented an overview of best practices for the use of analytics in banking to help organizations respond to the challenge of the Covid-19 crisis. Community banks and credit unions need cost effective, fast time-to-value solutions so they can compete effectively with big banks.

Best Practices 52

Best Practices Consumer Credit Union Community Banks 52

Fi911

AUGUST 1, 2023

This is distinct from other customer-centric payment services like Venmo or Zelle in that its implementation hinges on the adoption by banking institutions. This is the inaugural real-time payment system from the US central bank. FedNow is accessible to all banks and credit unions. financial institutions.

FedNow 52

FedNow Federal Reserve Instant Payments Zelle 52

PYMNTS

AUGUST 10, 2020

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. Achieving ubiquity across the 12,000 or so FIs in the U.S.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

PYMNTS

JULY 10, 2020

For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. Today, however, the banking challenge has largely been solved. Augmenting Legacy Infrastructure. According to Muller, data is often at the heart of this issue.

B2B 84

B2B Innovation Non-Bank Payments 84

PYMNTS

JANUARY 8, 2019

Loyalty and rewards are indeed “table stakes at this point,” but consumers increasingly want something more — and that includes not only larger global financial institutions (FIs), but credit unions as well as community and regional banks. It’s about going from “non-real time to real time.”. Cigar Experience.

Credit Union 56

Credit Union Issuers Online and Mobile Banking Push-to-Card 56

PYMNTS

OCTOBER 17, 2017

ILCs are used to form industrial loan companies, better known as industrial banks. An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956.

FDIC 43

FDIC FinTech Community Banks Push-to-Card 43

Fintech Labs Insights

DECEMBER 30, 2016

Still, how hard would it be to throw a couple non-denominational snowflakes on top of your logo and wish everyone a happy holiday? Or better yet, how about a holiday skip payment offer similar to that featured on Texas Tech Federal Credit Union’s homepage (see above). ———-. 2016 Holiday Messages.

Non-Bank 20

Non-Bank Credit Union Community Banks Participant 20

PYMNTS

MARCH 18, 2019

Then came PayPal’s debut of Instant Transfer to Bank. This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. A Couple of Important Dots.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

Finovate

FEBRUARY 6, 2024

The company, which returned to the Finovate stage in 2022 and 2023 for FinovateFall, helps community banks and credit unions access modern banking technology. Bankjoy’s solutions help FIs better target specific market niches and deliver superior digital banking experiences.

Innovation 118

Innovation FinTech Credit Union AI 118

PYMNTS

MARCH 9, 2020

At the same time, bank branch closures appear to be accelerating, with small towns across the country losing a combined 14 percent of their banks between 2012 and 2017. Many small businesses, too, are struggling to access the bank products they need to survive and thrive, like bank loans and deposit accounts.

Credit Union 75

Credit Union Community Banks Small Business Online and Mobile Banking 75

PYMNTS

MARCH 9, 2020

Questions like, “What is a bank?”. It’s a fair question today, particularly as we observe the blurring of the lines between traditional banks, Big Tech and FinTechs — and as we contemplate the impact that the blurring of the digital and physical worlds has on consumers’ expectations and customer service paradigms.

Credit Union 92

Credit Union Online and Mobile Banking ATM PayPal 92

PYMNTS

JUNE 18, 2018

Finastra , the FinTech company, announced Monday (June 18) that it has acquired Malauzai , a provider of mobile and internet banking solutions for community financial institutions (FIs). retail and business banking sectors by further enabling digital transformation for community banks and credit unions around the U.S.

Mobile Banking 40

Mobile Banking Acquirers Credit Union Community Banks 40

PYMNTS

MARCH 28, 2019

The Clearing House (TCH), which operates the RTP Business Committee, has added four seats to the committee to incorporate community bank and credit union representation, and also released a set of business principles to outline the RTP’s work.

TCH 49

TCH RTP Credit Union Volume 49

PYMNTS

SEPTEMBER 23, 2016

Nine years after the introduction of the iPhone to the market — and the subsequent great mobile leap forward — the verdict is pretty much in on mobile banking applications: Consumers like it, verging on loving it, and are eager for more of it. The first is the obvious issue: They lack the massive scale and deep IT pockets of the large banks.

Mobile Banking 82

Mobile Banking Community Banks Non-Bank Consumer 82

PYMNTS

DECEMBER 14, 2017

214 | The number of banks surveyed in the PYMNTS Bank Innovation Readiness Index, in collaboration with payments solutions provider i2c. It also included banks outside this profile and represents a broad range of FIs reflective of the market. Here are the numbers: 1.6

Bitcoin 49

Bitcoin Compliance Non-Bank Credit Union 49

PYMNTS

NOVEMBER 16, 2018

Even so, it doesn’t veer too much toward the illusionary and nostalgic to submit the proposition that banking, and other financial services , used to be much more personalized — much more one on one — than is the case now. percent of banks have genuine artificial intelligence systems in place. The report found that 81.8

AI 43

AI Fraud Prevention Online and Mobile Banking Money Laundering 43

PYMNTS

APRIL 22, 2020

That’s aimed at community banks and credit unions, a move meant to rectify a flaw in the first appropriation, where mom-and-pop businesses found themselves crowded out of PPP funds by larger “small” businesses that worked with big banks. . trillion CARES Act stimulus were quickly exhausted.

Small Business 94

Small Business Non-Bank Credit Union Returns 94

PYMNTS

JULY 31, 2018

In addition, there is increased lawmaker attention to promote innovation among non-bank providers of new payments and payment-related technology, and more consumer concern about online and data security. Treasury Department. The report arrives at a time of growing optimism for U.S. financial technology efforts. FinTech Sandboxes.

AI 77

AI FinTech Security Rules 77

Fintech Labs Insights

SEPTEMBER 1, 2015

Market segments include insurance, banks, telecom, utilities, and property management. Alfa-Bank offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending. It is currently deployed at 20+ retail banks with over 500m transactions a year. Blockstack.io

Online and Mobile Banking 28

Online and Mobile Banking Card Issuer Credit Union Issuers 28