PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Banks 52

Community Banks FinTech Small Business FDIC 52

PYMNTS

MARCH 18, 2019

The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 Thasunda Duckett, chief executive of Chase Consumer Banking, told the news service she “hopes the new accounts will attract more low-income individuals and people who have never had bank accounts.”

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

PYMNTS

AUGUST 17, 2017

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Can banks have it both ways?

Online and Mobile Banking 53

Online and Mobile Banking Non-Bank FinTech Addressing 53

PYMNTS

OCTOBER 4, 2019

Credit Karma , a company that enables people to gain access to their credit scores, is launching a high-yield savings account that customers can use through an app and online. Credit Karma is partnering with West Virginia-based MVB Bank on the venture. The bank will handle the funds and will offer FDIC protection up to $5 million.

Accounts 52

Accounts FDIC API Product 52

FICO

JANUARY 13, 2020

banking industry in the 2020. . The laws and rules governing anti-money laundering and combating the financing of terrorism compliance have not been substantively updated since the Bank Secrecy Act was adopted in 1970. In December, the FDIC and OCC issued a proposed rule to modernize the Community Reinvestment Act (CRA).

AML 52

AML Authentication Finance OCC 52

CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

OCTOBER 12, 2018

For 73 percent of Americans, participating in the digital economy is as easy as securing internet access and entering their relevant credit, debit or bank account numbers with the merchants and service providers they want to buy from and setting up their mobile banking app.

PayPal 63

PayPal Online and Mobile Banking Visa Financial Inclusion 63

Fintech Labs Insights

MAY 24, 2021

I’ve been expecting digital banking disrupters in the SMB space since the beginning of the online banking era (late-1990s). The website ( see screenshot below ) has a modern look and feel and immediately highlights the startup’s USP: Banking designed for freelancers.” Choice Financial is the banking provider.

Online and Mobile Banking 15

Online and Mobile Banking FDIC Direct Deposit Small Business 15