Finovate

OCTOBER 29, 2024

Array , an embedded consumer products platform, has agreed to acquire embedded debt guidance solutions provider Payitoff. “We acquired Payitoff because our companies have a shared vision to provide seamless, embeddable products that fuel financial progress. Terms of the transaction were not disclosed.

Acquirers 105

Acquirers Consumer Payment APIs and Integration Privacy 105

The Fintech Times

SEPTEMBER 22, 2024

There seems to be a divide in what consumers want vs want banking providers think they want. However, less than one in four customers uses more than one product (23 per cent). However, less than one in four customers uses more than one product (23 per cent). However, they often fail to follow the data.

Product 58

Product Innovation Consumer On-Demand 58

NFCW

OCTOBER 2, 2024

When the customer taps the NFC tag with their smartphone or scans a QR code, they are taken to a product page with details of materials, design and care services. From here, they can sign into their Coach account, click through to add the item for resale and automatically fill the listing on Poshmark with product information.

Product 88

Product Near Real-Time Accounts Regulations 88

Finextra

MAY 16, 2024

Visa has unveiled a suite of new digital-first products and services that it claims will revolutionise the card and address the future needs of businesses, merchants and consumers and the financial institutions that serve them

Product 137

Product Addressing Consumer 137

The Paypers

JULY 18, 2024

Barclays US Consumer Bank has announced the launch of a new Barclays Tiered Savings product aiming to help consumers advance their personal financial goals.

Product 36

Product Consumer 36

The Payments Association

NOVEMBER 19, 2024

In today’s competitive landscape, implementing a card product can be a powerful addition for businesses looking to enhance customer loyalty, streamline expenses, or broaden their financial offerings. Designing and launching a debit or credit card product requires navigating a complex web of stakeholders and intricate processes.

Product 88

Product Push-to-Card Card Issuer Issuers 88

Finextra

NOVEMBER 28, 2024

Leading consultancy Kearney has today released the latest data from its annual European Retail Banking Radar, revealing that 74% of all product sales in the UK do not involve a branch or human interaction, confirming that consumers overwhelmingly prefer to interact with financial institutions remotely.

Product 52

Product Consulting Consumer 52

Bank Automation

OCTOBER 8, 2024

“We’re always gathering feedback from our clients to understand what their emerging needs are, and if there is a solution that we need to develop to help address those needs,” Mary Hines Droesch, head of product for consumer, business and wealth management banking and lending […] The post Bank of America takes measured approach to product launches (..)

Product 59

Product Addressing Automation Innovation 59

Fintech Finance

NOVEMBER 1, 2024

TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, announces the soft launch of Salom Card, its flagship debit card product. A sleek and innovative daily banking product, Salom Card will transform how people in Uzbekistan interact with their bank. This product will drive our customer growth.

Product 83

Product Debit Card ATM Finance 83

The Payments Association

OCTOBER 22, 2024

The FCA’s Consumer Duty and how payments firms must prioritise consumer outcomes in their operations. The FCA’s Consumer Duty represents a shift in how payments firms must operate, seeing consumer outcomes take centre stage in business practices. Consumer Duty implementation improves MI but adds to IT costs.

Consumer 88

Consumer Assessments Compliance Payments 88

Finextra

OCTOBER 23, 2024

MoneyLion (“MoneyLion”) (NYSE: ML), a digital ecosystem for consumer finance that empowers everyone to make their best financial decisions, today announced the launch of MoneyLion Checkout, a new marketplace solution that lets consumers search, apply for, and complete transactions instantly across numerous third-party financial products, all within (..)

Product 52

Product Finance Transactions Consumer 52

NFCW

JANUARY 11, 2024

Already one of the most energy efficient and low e-waste wireless technologies to connect products, the NFC Forum community is proud to announce its next tangible steps towards researching, learning and advancing our sustainable thinking and approach to do even more,” says Mike McCamon, executive director of the NFC Forum.

Product 106

Product CHIPS Use Case Regulations 106

Finovate

NOVEMBER 19, 2024

Blackhawk Network (BHN) is transitioning Mastercard’s open-loop prepaid products from plastic to paper-based materials, aligning with Mastercard’s goal to eliminate PVC plastics from payment cards by 2028. Photo by DS stories The post Blackhawk Network Teams with Mastercard to Add Paper Prepaid Products appeared first on Finovate.

Visa 52

Visa Product Issuers Card Issuer 52

Fintech Finance

JULY 3, 2024

Paymentology , the leading global issuer-processor, today announces the appointment of Stephen Bowe as Chief Product Officer. With over 15 years of experience in banking and payments Stephen joins Paymentology’s leadership team to build on the company’s success by driving further innovation in the company’s payment products.

Product 81

Product Payment APIs and Integration Cross-Border Payments Cross-Border 81

Fintech Review

JULY 16, 2024

This practice allows third-party providers (TPPs) to access banking data with customer consent, enabling the development of new financial services and products. The concept of open banking originated from regulatory initiatives aimed at increasing competition and consumer choice in the financial sector.

Innovation 98

Innovation Consumer API Financial Inclusion 98

Fintech Finance

JULY 10, 2024

In a letter sent to customers, Metro Bank have announced they are to remove personal credit cards from their product range. Transactions can be made by all account holders up to 10 September 2024 and authorised transactions between £100 and £30,000 will be covered by Section 75 of the Consumer Credit Act.

Credit Cards 79

Credit Cards Product Disputes Accounts 79

The Fintech Times

OCTOBER 22, 2024

Ethical and environmental considerations are becoming increasingly important for consumers – and are looking to banks, insurers and other financial providers to help them make financial decisions with these in mind, new research commissioned by CRIF , the consumer and credit information provider, has found.

Product 52

Product On-Demand Consumer Finance 52

The Fintech Times

NOVEMBER 23, 2024

Eligible , a UK-based AI-driven servicing solution for the mortgage market, has launched ‘Conversations’, a new product enabling clients to engage borrowers at critical stages of their mortgage journey, to ensure customers are making informed decisions about their mortgages.

Product 58

Product AI Compliance Consumer 58

Fintech News

JUNE 5, 2024

Currently, most BNPL products are not covered by the National Consumer Credit Act, leaving consumers without the same protections such as affordability checks that apply to credit cards and loans. BNPL providers will need to assess whether their products are suitable and affordable for consumers.

Regulations 108

Regulations BNPL Product Consumer Protection 108

The Fintech Times

NOVEMBER 27, 2024

Consumers want to be more green but the initial cost to install green technology is putting them off from making the change. Although a high proportion (74 per cent) of consumers are interested in installing green tech, an equally high amount (75 per cent) are put off by costs. We’re on a mission to change that.

Consumer 63

Consumer Credit Cards Finance Regulations 63

The Payments Association

OCTOBER 14, 2024

Traditionally, consumers stuck with familiar banks, but there’s now a growing trend of current account switching. Rivero co-founder Fatemeh Nikayin tells Payments Intelligence: “Today’s surge in current account switching is driven by consumers seeking more than just basic banking services.

Accounts 88

Accounts Consumer Online and Mobile Banking Multi-Currency 88

Fintech Finance

NOVEMBER 28, 2024

However, consumers are demanding more flexible options at checkout. Over half (54%) of British consumers choose online payment services such as PayPal, Google Pay and Klarna for online transactions, according to Statista (October 2024).

Consumer 83

Consumer Cross-Border Cross-Border Payments PayPal 83

Fintech News

DECEMBER 12, 2023

SingSaver, a personal finance comparison platform in Singapore that is a part of the MoneyHero Group, has recently enhanced its service offerings to include a comprehensive comparison of 43 travel insurance products. The products available for comparison and purchase include those from HL Assurance, MSIG, and Seedly, among others.

Product 105

Product Consumer Finance FinTech 105

Fintech Finance

JULY 19, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. Typically offered online, these products provide paycheck advances before payday.

CFPB 90

CFPB Rules Product Consumer Financial Protection Bureau (CFPB) 90

The Paypers

MAY 10, 2023

US-based Worldcoin has launched its first consumer product in the form of a wallet app that allows users to transfer crypto tokens via Polygon.

Product 36

Product Consumer 36

The Fintech Times

JULY 13, 2024

With Consumer Duty’s next deadline looming, new research from engagement, data and customer journey platform Moneyhub reveals just how much work firms still have to do before they realise the business and consumer benefits of the Duty.

Compliance 105

Compliance Consumer Regulations Non-Bank 105

Fintech Finance

NOVEMBER 25, 2024

Designed to help consumers spread the cost of a large purchase into manageable payments directly at point of sale, HSBC Flexipay will be available to customers of its merchant partners, regardless of whether they have an existing HSBC relationship. We’re on a mission to change that. For more information visit www.hsbc.co.uk/loans/flexipay

Finance 86

Finance Payment Solutions Consumer Payments 86

Neopay

OCTOBER 11, 2024

The Financial Conduct Authority (FCA) recently published the findings from its review of how payment firms have implemented the Consumer Duty (the Duty), which came into force on July 31, 2023, for open products and services.

Consumer 52

Consumer Assessments Payments Compliance 52

Bank Automation

SEPTEMBER 24, 2024

Banks have already been strengthening their client relationships by leaning on data and analytics to offer clients specific products that help them save for retirement or home purchases. Now […] The post Real-time data drives consumer decisions post rate cut appeared first on Bank Automation News.

Posting 78

Posting Federal Reserve Consumer Automation 78

Fintech Finance

SEPTEMBER 9, 2024

Consumer product giant LG has opened its first-ever direct-to-consumer ecommerce store in South Africa, with online payment solution leader Payfast by Network supporting seamless transactions. The post Consumer Giant LG Offers Direct Sales with Payfast by Network appeared first on FF News | Fintech Finance.

Consumer 75

Consumer Payment Gateways Financial Inclusion Payment Solutions 75

NFCW

JULY 3, 2024

The apparel industry alone will be responsible for issuing more than 62.5bn Digital Product Passports a year by 2030, ABI Research predicts, generating annual revenues of US$1.59bn for suppliers of supporting IT and software.

Product 87

Product Regulatory Compliance Compliance Authentication 87

The Fintech Times

JULY 5, 2024

As the number of people paying for and benefiting from financial advice lessens over time, the lang cat has questioned the success of the FCA’s Consumer Duty regulation, which was introduced to provide better outcomes for consumers. “This is not a criticism of the profession – in fact, it makes complete sense. .

Consumer 68

Consumer Consulting Regulations Research 68

Fintech News

SEPTEMBER 8, 2024

DBS has announced that Calvin Ong will take over as Head of Consumer Banking Singapore starting from 1 January 2025. Calvin Ong Ong, currently the Head of Investment Products & Advisory at DBS , has been with the bank since 2007, holding various roles in Corporate Treasury and Wealth Management.

Consumer 104

Consumer Advisors Treasury Innovation 104

Bank Automation

OCTOBER 22, 2024

US banks will now have to give customers access to their financial data after the top consumer watchdog finalized a long-awaited rule aimed at fueling more competition for financial products.

Consumer 59

Consumer On-Demand Rules Automation 59

Fintech Finance

MARCH 21, 2024

Pockit , the UK fintech providing vital financial services to people whose needs aren’t met by the traditional banking system, has announced the official launch of its Income Advance product, enabled by its partner SteadyPay. The post Pockit Launches Income Advance Product appeared first on Fintech Finance. As of October 2023, 4.2

Product 52

Product Underwriting On-Demand Underserved 52

Tearsheet

APRIL 5, 2024

Expectations for instant gratification permeate many aspects of consumer behavior. This extends beyond products or services to payments, where consumers expect swift, hassle-free processes that align with their fast-paced lifestyles and the convenience of modern technology.

Product 103

Product Payment APIs and Integration Payments Embedded Finance 103