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Deposit Account Related Topics 
PYMNTS
JUNE 17, 2019
Discover Financial Services said Monday morning (June 17 th ) that it has ended fees on deposit accounts. Removing all deposit account fees was an easy decision for us based on our commitment to offer the most rewarding banking products in the industry.”.
Payments Dive
OCTOBER 20, 2023
The rule makes it easier for consumers to share deposit account and credit card data with fintechs, the Consumer Financial Protection Bureau said.
157 
PYMNTS
JULY 24, 2019
Betterment is among several FinTech startups that have launched deposit account products. . Although traditional financial institutions largely don’t consider FinTech firms as competition, both established and emerging FinTechs are well-positioned to capture traditional banking customers.
Finextra
SEPTEMBER 16, 2024
Finastra, a global provider of financial services software applications, today announced an integration with Prelim, an industry-leading fintech, for its Finastra Phoenix core solution, enhancing the retail and commercial deposit account opening experience.
FICO
MAY 12, 2016
Are retail banks overlooking deposit accounts? But with the right analytic tools and approach, these issues can be overcome to make deposit accounts more rewarding. The post Video: Unlocking Deposit Account Profitability appeared first on FICO.
Payments Source
MARCH 1, 2021
The payment processing company will offer loans and deposit accounts to its small-business customers through a Utah-based industrial bank.
133 
Payments Source
JULY 18, 2016
Banco Popular North America in New York has launched a digital-banking platform.
The Paypers
MAY 13, 2022
UK-based Standard Chartered Bank has launched ‘Demand Deposit Account’ for corporate clients to align with their sustainability agenda and treasury needs.
Payments Source
SEPTEMBER 24, 2018
Just as Green Dot leveraged partnerships with the likes of Uber and Apple to expand its reach, Netspend also is looking to its retail partners including Kroger, CVS and Kohl’s for new digital payment use cases.
The Paypers
SEPTEMBER 29, 2024
Ireland-based bank AIB has launched a 31 Day Business Notice Deposit account for business customers seeking a higher return and flexibility when accessing funds.
Fintech News
JANUARY 24, 2024
OCBC Money Lock seeks to counter this by necessitating in-branch verification, for any alterations or withdrawals from time deposit accounts. This unlocking process will require a physical card and PIN, akin to the procedure for current and savings accounts.
108 
Finextra
MAY 22, 2024
The collapse of BaaS platform Synapse has forced teen finance app Copper to suddenly discontinue its bank deposit accounts and debit cards, leaving some customers unable to access their funds.
104 
Finextra
SEPTEMBER 16, 2024
Finastra, a global provider of financial services software applications, today announced an integration with Prelim, an industry-leading fintech, for its Finastra Phoenix core solution, enhancing the retail and commercial deposit account opening experience.
98 
Finextra
SEPTEMBER 27, 2024
Responding to a need among their business customers, AIB has launched a 31 Day Business Notice Deposit which is now available to all business customers at a variable rate of 1.5% AER (Annual Equivalent Rate).
The Paypers
JUNE 12, 2018
(The Paypers) Avoka has released its Springboard Deposit Account Opening Solution, offering FIs an off-the-shelf solution that integrates digital KYC, fraud and risk evaluation, and funding.
Bank Automation
SEPTEMBER 11, 2024
The $184 billion bank wants FedNow to reach 5% of demand deposit accounts (DDA) before joining the payment network. DDA’s allow deposited funds to be withdrawn at any time, Jon Briggs, head of […] The post KeyBank to hold off on FedNow until DDA reach hits 5% appeared first on Bank Automation News.
The Paypers
DECEMBER 18, 2020
Wilson Bank & Trust (WBT) has selected Newgen as a digital transformation partner to assist in automating the bank's deposit account opening and commercial lending processes.
Fintech News
AUGUST 13, 2024
This allows them to open accounts, save, and make payments directly within the Grab app without the need for an additional app. Superbank offers products like flexible deposit accounts offering up to 7.5% interest per year and savings accounts with no administrative fees.
114 
Payments Source
MAY 11, 2020
In announcing its plan to offer a deposit account and debit card in partnership with SoFi, the mobile phone maker suggested that the coronavirus pandemic will accelerate consumers’ adoption of contactless payments.
73 Payments Source
SEPTEMBER 13, 2016
eliminated product sales goals for its consumer bankers as the company seeks to reassure regulators, lawmakers and customers after employees opened card and deposit accounts without clients’ approval. Wells Fargo & Co.
71 
PYMNTS
MAY 7, 2020
This is pertinent to artificial intelligence (AI) in finance, where enhanced forms like adaptive AI are fulfilling the technology’s promise by actually “learning” — foremost from the behavior of legitimate deposit account holders — so that hackers stand out when they make a move. Automate to Validate .
99 
PYMNTS
JUNE 17, 2020
Mersch said a retail CBDC could be based on deposit accounts opened with a central bank. Though involving vast numbers of accounts, it would not be a particularly innovative option from a technological viewpoint,” he said.
Payments Source
MARCH 6, 2019
By applying to become an industrial loan company, the fintech would be able to use insured deposit accounts as a cheap source of funding without having to comply with the tough rules banks face.
Fintech Labs Insights
MAY 20, 2015
It has long been a pet peeve that financial institutions usually tell me to “apply” for a checking or deposit account. The post Tuesday Tactics: Removing “Application” from your Deposit Account Sales Process appeared first on Finovate. I’m sending you my money and you might not let me?
Fintech News
MARCH 10, 2024
UOB’s data shows that women are prioritising savings, with a notable increase in the ownership of high-yield savings accounts and fixed deposit accounts held by female customers.
108 
Fintech News
JUNE 5, 2024
The bank offers a range of services designed for MSMEs, including multi-currency business accounts, unsecured financing with flexible repayment options, and fixed deposit accounts with low entry thresholds. million.
110 
PYMNTS
MARCH 19, 2020
The bank will extend small business loans and deposit accounts, Square said in a statement. “We One of the conditions would require the proposed bank to maintain levels of capital that are significantly higher than typical FDIC-insured banks,” FDIC Chairman Jelena McWilliams said a statement. The new bank anticipates opening next year.
110 
Fintech Finance
NOVEMBER 13, 2024
NovoPayment’s flagship platform offers a comprehensive suite of solutions ranging from digital wallets, instant issuance of deposit accounts and virtual cards to RTP, cross-border transfers, digital lending and cash management. NovoPayment serves 15 markets across Latin America, the Caribbean and the United States.
PYMNTS
MAY 21, 2020
Mersch added that a retail CBDC could be based on deposit accounts with the central bank. Though involving vast numbers of accounts, it would not be a particularly innovative option from a technological viewpoint.
PYMNTS
APRIL 15, 2020
Walmart is hoping customers will sign up for its Walmart MoneyCard to create a direct deposit account to access the government stimulus payments being sent out this week, touting waived fees and quick access, according to an emailed press release. The retail giant said the process would be safe, easy and affordable.
98 
PYMNTS
APRIL 16, 2020
In separate news, Walmart was hoping that customers would sign up for its Walmart MoneyCard to create direct deposit accounts to access government stimulus payments. Some of the benefits of the card include rewards, text alerts and bill pay, among others.
Finextra
AUGUST 19, 2024
InvestiFi, Inc, the only InvestTech platform designed to enable trading to and from deposit accounts, will deliver new natively integrated investing solutions and expanded financial education for Bluestone Federal Credit Union members.
52 
Finextra
MAY 6, 2024
KeyBank (NYSE: KEY) announced the launch of KeyVAM, a virtual account management solution for treasury management clients who have complex demand deposit account (DDA) structures and want to streamline their cash-flow and account structure.
Finextra
APRIL 16, 2024
ATB Ventures, the research and innovation arm of ATB Financial, today announced a strategic partnership between Oliu™, its state-of-the-art layered ID verification platform and thirdstream, a leading provider of deposit account opening and retail lending solutions for financial institutions.
52 
Finovate
SEPTEMBER 17, 2024
Finastra will integrate Prelim’s technology into its Finastra Phoenix core solution to enhance the deposit account opening experience for both retail and commercial accountholders. Prelim’s clients use the platform to add deposit accounts, treasury services, credit cards and more to their offerings.
59 
Finovate
AUGUST 6, 2024
The partnership will integrate Astra’s Card to Account payment solution directly within Blend’s Deposit Account application flow. “Today consumers expect a frictionless, real-time product experience, and that starts at account opening,” Astra CEO and Co-Founder Gil Akos said.
PYMNTS
MAY 26, 2020
In April, news surfaced that Walmart was hoping that clients would sign up for the Walmart MoneyCard to make a direct deposit account to get government stimulus payments, noting fast access and waived fees. In addition, they can also visit a website to learn more about the product offering.
The Paypers
MAY 6, 2022
The Philippines-based e-wallet GCash has announced it has plans to start offering up to 7% interest rates for new deposit accounts on its app, in partnership with CIMB.
PYMNTS
JANUARY 11, 2021
customers expect from their everyday primary bank account.” . He added that Revolut strives to be “the best in class for customer experience, value and capabilities” and offer a full range of services from deposit accounts and overdraft protection to loans and credit cards. 11) that having a U.K.
The Paypers
SEPTEMBER 17, 2024
Financial software provider Finastra has integrated fintech Prelim with its Finastra Phoenix core solution to augment retail and commercial deposit account opening.
45 
The Paypers
JANUARY 27, 2022
Payment service provider Klarna has launched a fixed-term deposit offer "Festgeld+" in the Klarna App for German customers.
PYMNTS
NOVEMBER 13, 2020
This means immigrants will get access to deposit accounts, bill payment, cross-border transfers and more all via the same app.”. Other strong points for BaaS adoption point to cost savings and new revenue streams. The World Bank found that consumers globally are charged an average of 6.75
103 
PYMNTS
NOVEMBER 9, 2016
According to an investigation by the CFPB, Wells Fargo employees not only made fake deposit accounts but also submitted 565,443 unauthorized credit card account applications on behalf of unknowing customers. It’s estimated that 14,000 of those accounts accrued $403,145 in fees.
Fintech Finance
JULY 23, 2024
Efficiently locating transactions is critical for businesses with higher volumes of transactions: 82% of the Scorecard banks’ mobile apps provide small business account owners the ability to search, sort or filter deposit account transactions, 73% enable history search by amount and description, and 45% support keyword search.
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