PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? With various banks and FinTechs producing innovative solutions — like mobile banking and P2P tools aimed at improving the speed of payments — the pressure is on for community banks to keep up. faster payments system.

Community Banks 46

Community Banks Faster Payments Innovation Same Day ACH 46

PYMNTS

SEPTEMBER 23, 2016

22) it launched a new app dubbed Business Banking Mobile. The app will enable community financial institutions (CFIs) to compete with larger financial institutions by providing their business banking customers with iOS and Android access to this secure and easy-to-use account management platform.

Credit Union 70

Credit Union Community Banks Wire Transfer Wires 70

The Paypers

APRIL 21, 2022

Digital banking solutions provider Apiture has announced that US-based community bank Ephrata National Bank (ENB) , has selected its platform to power its online and mobile banking solutions, according to IBS Intelligence.

Online and Mobile Banking 34

Online and Mobile Banking Community Banks Mobile Banking 34

PYMNTS

OCTOBER 6, 2020

PYMNTS research shows that 89 percent of American bank customers use mobile banking apps to manage their accounts, with 94 percent of mobile banking users completing at least one transaction per month. billion people – will likely be using online and mobile banking services by 2024.

Online and Mobile Banking 102

Online and Mobile Banking ATM Mobile Banking Credit Union 102

PYMNTS

MARCH 26, 2020

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.

Payment APIs and Integration 99

Payment APIs and Integration Online and Mobile Banking Credit Union Community Banks 99

PYMNTS

APRIL 29, 2019

Retail Banking Satisfaction Study , retail banking was declared to have bounced back reputation-wise over the past decade, due to improvements in customer service spurred by innovations like mobile banking. Community banks (45.6 percent or commercial banks at 32.4 percent) and corporate (91.7

Credit Union 77

Credit Union FinTech Community Banks Innovation 77

PYMNTS

DECEMBER 3, 2020

Wintrust Financial Corporation has selected global enterprise technology provider NCR Corporation to provide its new digital-first banking platform, according to a press release. PYMNTS ’ June 2020 Digital-First Banking Tracker , done in collaboration with NCR, looked at the realization setting in that much business could be done remotely.

Online and Mobile Banking 76

Online and Mobile Banking Community Banks API Mobile Banking 76

PYMNTS

JULY 31, 2017

. -14% of SMEs using a large global bank have switched providers in the last year, while even more told FIS they are considering doing so in the next year. and Europe are looking at switching banks to access more high-tech services, like faster payment capabilities. -48%

Small Business 45

Small Business Online and Mobile Banking Community Banks Non-Bank 45

PYMNTS

JULY 29, 2020

Consumers’ affinity for online banking solutions, especially mobile banking, is far from new. The COVID-19 pandemic is highlighting how necessary these solutions are for consumers’ banking needs, however, and how high their standards for these channels have become.

Credit Union 67

Credit Union Online and Mobile Banking Remote Deposit Capture Mobile Banking 67

PYMNTS

MARCH 2, 2020

Verdigris touts cost savings with its “banking in a box” model, which means a consolidation of banking jobs like internet and mobile banking, deposits, loans and payment solutions, among other things.

Volume 60

Volume Community Banks P2P Verification 60

PYMNTS

AUGUST 31, 2020

percent of these credit unions are eyeing mobile banking capabilities, while 61.1 Leaning Into Community-First Lending. In order to differentiate themselves from other financial services providers, credit unions should lean in and promote their community-first values,” Stevens said. PYMNTS’ findings reveal that 66.7

Credit Union 61

Credit Union Community Banks SWIFT Mobile Banking 61

Finovate

APRIL 2, 2024

Indiana-based New Washington State Bank (NWSB) has selected Apiture’s Digital Banking Platform to power its online and mobile banking solutions. The community bank will also deploy Apiture’s Account Opening and Data Intelligence solutions to onboard customers faster and to offer tailored campaigns.

Online and Mobile Banking 64

Online and Mobile Banking Mobile Banking Credit Union Community Banks 64

PYMNTS

MAY 17, 2018

He noted that his own firm’s digital strategy has helped customers transfer $1 billion across mobile devices. We are proud to partner with Premier Community Bank to bring automation and payment innovation to their large and growing HOA customer base in central Florida.”. The partnership involves strategic referrals.

FinTech 43

FinTech Multi-Currency Community Banks Treasury Management 43

PYMNTS

OCTOBER 27, 2017

According to Merritt, large institutions may be able to fulfill SMBs’ needs for a better technological experience, but if they want an advisory service, they have traditionally turned to the community bank. The problem today, he added, is that community banks are unable to fulfill SMBs’ needs for a better technological experience.

Community Banks 41

Community Banks Small Business Economy B2C 41

PYMNTS

JULY 16, 2019

Ondot said its 4,000 banks and credit unions will see faster and easier upgrades while also gaining access to the latest innovations and functionality. This option allows mid-sized and smaller issuers to more quickly and easily launch these services and compete with large national banks on digital customer experience.”.

Disaster Recovery 51

Disaster Recovery Credit Union Innovation Issuers 51

PYMNTS

JULY 24, 2019

Community banks and credit unions are likely to go out of business, he said, “and they do not have the money to launch these mobile banking platforms.” The size, he said, doesn’t mean the merged entity will be good for consumers or communities in which the new firm will be located.

Credit Union 52

Credit Union Community Banks Small Business Data Security 52

PYMNTS

DECEMBER 7, 2018

Community Bank of the Bay. Community First Credit Union (OH). Evans Bank. Federated Bank. First Bank of Boaz. First National Bank of Milaca. Grand Savings Bank. Greater Cleveland Community Credit Union. Greenleaf Wayside Bank. Hometown Community Banks.

Credit Union 52

Credit Union Mobile Payments Online and Mobile Banking Community Banks 52

PYMNTS

MARCH 31, 2020

Digital and mobile banking may be more popular than ever, but it would be a mistake to count out the power of in-branch services just yet. Consumer surveys have found that 75 percent of financial institution (FI) customers place a great deal of importance on branch visits , with 70 percent visiting banks on a monthly basis or more.

Privacy 69

Privacy Fraud Prevention Enrollments Authentication 69

PYMNTS

JUNE 1, 2020

It is therefore important for FIs to make sure the services they offer can support the needs of these customers at speed, and more importantly, that these tools fully fulfill their changing needs, according to Lisa Brubaker, executive vice president and chief technology officer for Delaware-based community bank WSFS Bank.

Online and Mobile Banking 54

Online and Mobile Banking Digital Payments Community Banks Mobile Banking 54

PYMNTS

SEPTEMBER 12, 2016

million stock-and-cash bonus, because “under her leadership, Community Banking achieved a number of strategic objectives, including continued strong cross-sell ratios, record deposit levels and continued success of mobile banking initiatives.”. In a proxy statement from 2015, Tolstedt was awarded a $7.3

Consumer Financial Protection Bureau (CFPB) 57

Consumer Financial Protection Bureau (CFPB) CFPB Community Banks Settlement 57

PYMNTS

OCTOBER 12, 2018

In reference to the consumer, too, consumer and community banking revenues were up 1 percent to $13.3 Loans during the period came to just under $425 billion. Drilling down a bit, card loans were $147 billion, up 5 percent year on year to $147.9 billion, a 2 percent gain. In terms of headline results, earnings of $2.34

Commercial Card 57

Commercial Card Volume Community Banks Origination 57

Fintech Labs Insights

FEBRUARY 12, 2016

Around the web: Popular Community Bank and Oriental Bank to deploy Cardless Cash, mobile banking technology from FIS. Mitek to combine its Mobile Verify solution with fraud prevention and risk management technology from IdentityMind Global.

Fraud Prevention 15

Fraud Prevention Community Banks Risk Management Mobile Banking 15

PYMNTS

AUGUST 22, 2016

“This thesis…that we have mobile banking and high-tech banking, therefore the branch offices are dinosaurs and going away appears to be substantially overstated,” noted FDIC Chief Economist Richard Brown, who said he often fields questions about why the industry still has so many branches. .

FDIC 41

FDIC Consumer Online and Mobile Banking ATM 41

PYMNTS

JUNE 14, 2019

In an interview with PYMNTS , Jim Priestley, chief revenue officer at Feedzai, also mentioned the importance of mobile banking in connecting the online and offline worlds. Where once mobile strategies were reserved for big national banks, now community banks and credit unions have also adopted mobile offerings.

Online and Mobile Banking 41

Online and Mobile Banking Credit Union Community Banks Consumer 41

PYMNTS

APRIL 12, 2019

In supplemental materials provided along with earnings, JPMorgan said its consumer and community banking unit logged net income of $4 billion, which was up 19 percent year over year. Drilling down into the consumer unit, the company said core consumer loan volume was up 3 percent. billion.

Volume 43

Volume Credit Cards Community Banks Consumer 43

PYMNTS

MAY 27, 2020

The pandemic, said NCR’s Brown, “is the ultimate stress test on every channel that a bank has to offer” — especially as measured across digital products and services. “We Here, then, lies the challenge of the challenger banks: They’re poised to steal customers and deposits away from traditional players.

FinTech 94

FinTech Online and Mobile Banking Innovation FDIC 94

PYMNTS

FEBRUARY 1, 2019

Early Warning said that 85 percent of the FIs that are part of the Zelle network “are regional and community banks, or credit unions with assets less than or equal to $10 billion, while 77 percent of participants list assets less than or equal to $1 billion.”

Venmo 71

Venmo P2P Zelle PayPal 71

PYMNTS

APRIL 1, 2019

If a credit union is encouraging its members to try new things — mobile banking, lending, faster payments — that trust plays directly into safety and security, those two ideas are entirely intertwined,” he said. And those concerns are clearly fairly close to top of mind for a bulk of credit union members today — 42.4

Credit Union 56

Credit Union Innovation Online and Mobile Banking FinTech 56

Finovate

MAY 29, 2024

At the conference, the company demoed Personified, a suite of products that enable FIs to provide personalized financial guidance via their mobile banking apps. According to Graham, this compares favorably to the “less than one minute per month” that users spend on the average mobile banking app.

Credit Union 59

Credit Union Online and Mobile Banking Embedded Finance Mobile Banking 59

PYMNTS

JULY 19, 2018

Banking solution provider Finastra recently announced it would acquire FinTech solution provider Malauzai Software for an undisclosed price. According to a Finastra press release, the move is designed as part of its efforts to help community banks, credit unions and other smaller FIs enable digital banking capabilities for their customers.

AI 40

AI Credit Union Community Banks FinTech 40

Fintech News

MAY 23, 2024

Retail Banking provides loans to individuals and small businesses, along with liability products, card services, internet and mobile banking, ATM services, and NRI services, primarily through its branch network. The Corporate and Wholesale Banking segment manages corporate relationships outside of retail banking.

Online and Mobile Banking 126

Online and Mobile Banking Treasury Non-Bank Finance 126

Fintech Labs Insights

SEPTEMBER 23, 2016

If you are a community bank or credit union, then there’s a lot to like in the launch of Business Banking Mobile from NCR.

Credit Union 18

Credit Union Wire Transfer Funds Transfer Wires 18

Fintech Labs Insights

AUGUST 22, 2024

FINANTEQ: Mobile banking solutions, added new clients across Europe. Avoka (acquired by Temenos): Digital customer acquisition for banks, acquired by Temenos, integrated into broader banking solutions. Moven: Raised $47M for its mobile banking startup, expanded features for budget tracking and savings.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

Fintech Labs Insights

SEPTEMBER 8, 2015

So whether or not a small business is currently seeking capital , down the road most hope to grow, so the POTENTIAL to tap more funding is a huge factor when selecting a bank. It’s why small businesses have long sought to establish quality relationships with community banks or larger FIs. Security and transaction alerts.

Small Business 27

Small Business ACH P2P CFPB 27

PYMNTS

JUNE 18, 2018

retail and business banking sectors by further enabling digital transformation for community banks and credit unions around the U.S. Simon Paris, CEO at Finastra said in the press release, “Credit unions and community banks are the fabric of American financial services.

Mobile Banking 40

Mobile Banking Acquirers Credit Union Community Banks 40

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. Community banks just aren’t offering that, according to Fossella.

Mobile Banking 82

Mobile Banking Community Banks Non-Bank Consumer 82

Fintech Labs Insights

AUGUST 1, 2016

With the “always-on aggregation” and UX/UI of MX , the newly-launched Contextual PFM from Q2 is designed to make actionable financial insights a part of every customer’s mobile banking routine. This is in addition to the role the solution provides in helping customers become better banking consumers.

Technology 14

Technology Credit Union API Community Banks 14