Fintech News

JULY 15, 2024

billion) in 2022, according to Thant Mam Hein, assistant manager of sustainability at uab bank. Reports also show that approximately 50% of Myanmar’s adult population had a bank account in 2020, reflecting growth in financial inclusion and creating new opportunities for businesses and individuals. trillion (US$3.8 trillion (US$3.8

FinTech 111

FinTech Online and Mobile Banking Financial Inclusion Payroll 111

Fintech News

JULY 3, 2024

Vietnam’s digital finance landscape is undergoing a notable shift as new players emerge, established ones fade, and traditional banks rise to prominence, a new report by Decision Lab shows. However, by Q4 2023, Moca had slipped out of the top rankings, replaced by mobile apps from traditional banks.

Finance 112

Finance Online and Mobile Banking Micro-Entry Non-Bank 112

The Fintech Times

MARCH 14, 2024

Not so many years ago, Filipinos had to visit bank branches or ATMs to transfer money and manage their accounts. The Philippines also has a large, young, and increasingly tech-savvy, population that is more receptive to adopting new innovations.

Online and Mobile Banking 115

Online and Mobile Banking Financial Inclusion Encryption Financial Literacy 115

Clearly Payments

DECEMBER 7, 2023

In the world of eCommerce and online payments, one of the crucial decisions that merchants face is selecting the right online payment gateway. What is a Payment Gateway As online merchants rely on a technology platform to ensure the seamless functioning of e-commerce operations, and this essential tool is known as a payment gateway.

Payment Gateways 52

Payment Gateways Gateways Online and Mobile Banking Payment APIs and Integration 52

The Fintech Times

APRIL 11, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. This trend fosters greater collaboration and innovation. Neobanks are known for their strong focus on improving the overall customer experience.

Embedded Finance 75

Embedded Finance Non-Bank Online and Mobile Banking Financial Inclusion 75

Clearly Payments

JANUARY 29, 2024

The banking landscape is undergoing a transformation, driven by the emergence of neobanks. These digital-only banks are challenging the traditional financial institutions by offering products and services that cater to the needs of tech-savvy consumers. For their banking structure, Neobanks can come in two forms.

Online and Mobile Banking 105

Online and Mobile Banking Payments Innovation Push-to-Card 105

Fintech News

SEPTEMBER 17, 2024

UPI is a real-time payment system developed by the National Payments Corporation of India (NPCI) that enables instant money transfers between two bank accounts through a mobile platform. Finally, the report emphasizes the importance of regulatory frameworks in fostering payment innovation.

Digital Payments 102

Digital Payments Credit Cards Payments Online and Mobile Banking 102

Clearly Payments

APRIL 9, 2024

The Definition of Fintech vs Traditional Finance Fintech refers to financial technology, which encompasses a broad range of tech innovations and advancements applied to financial services. Overall, fintech aims to improve and automate the delivery and use of financial services, often focusing on innovation, usabilty, and efficiency.

Finance 105

Finance FinTech Online and Mobile Banking Payment APIs and Integration 105

The Fintech Times

JUNE 10, 2024

Users of the UAE-based digital bank, Mbank , will now be able to explore, compare, and purchase car, health, travel, and life insurance products directly from its mobile application following a new partnership with Policybazaar.ae , the online insurance aggregator. Policybazaar.ae

Online and Mobile Banking 111

Online and Mobile Banking Security Innovation FinTech 111

PYMNTS

DECEMBER 31, 2020

percent made purchases via mobile in the last 24 hours. 31 percent bank via app. Key Data Points: 46 percent of SMBs experienced an increase in demand for their products or services. 56 percent of restaurants with customers who are using mobile order-ahead features more often have experienced increased revenues.

Innovation 111

Innovation Online and Mobile Banking Real Time Payments Cross-Border 111

PYMNTS

SEPTEMBER 28, 2020

Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. The Hong Kong Monetary Authority (HKMA) approved Ant Bank’s application for a virtual banking license. It was one of eight such recipients, the report stated.

Online and Mobile Banking 108

Online and Mobile Banking eWallet Authorization Returns 108

PYMNTS

OCTOBER 6, 2020

At a time of increased consumer use and acceptance of the new COVID-era digital lifestyle, the pressure is mounting on large, legacy lenders to accelerate their innovations – or become obsolete. 5), J.P.Morgan CEO Jamie Dimon said banks that don’t adapt in how they deal with customers will go the way of the dinosaurs. On Monday (Oct.

Online and Mobile Banking 102

Online and Mobile Banking ATM Mobile Banking Credit Union 102

PYMNTS

JUNE 29, 2020

Consumers are leaning heavily on digital banking tools during the pandemic, and studies suggest that they will continue to do so in its wake. Fifty-seven percent of consumers now prefer internet banking solutions, compared to the 49 percent who said the same prior to the pandemic. Mobile Customers Need Mobile Infrastructure.

Online and Mobile Banking 69

Online and Mobile Banking Mobile Banking Volume Innovation 69

PYMNTS

SEPTEMBER 14, 2020

But the one thing that might work is taking a page from the innovation playbook that Netflix seems to have written and followed over the last 22 years. Apps on mobile phones and tablets with 4G connections introduced even more flexibility to consumers to watch movies and other video content anywhere they wanted. Until March of 2020.

Innovation 98

Innovation Consumer Online and Mobile Banking Checks 98

PYMNTS

APRIL 23, 2020

Crafting the seamlessness customers want means FIs are overhauling their digital infrastructures to enable access to fast, interactive and engaging banking experiences. More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely.

Innovation 105

Innovation Security Automation Consumer 105

Fintech News

MAY 16, 2024

The government has launched several initiatives to promote innovation and growth in the sector, including the Singapore FinTech Festival, which features a dedicated insurtech conference. The market is set for significant growth, driven by the rise of innovative products and services catering to evolving consumer demands.

Online and Mobile Banking 109

Online and Mobile Banking Innovation Blockchain Fraud Detection 109

PYMNTS

JANUARY 14, 2021

Since the onset of the pandemic, banking activities like opening new accounts and applying for loans are now being done virtually to socially distance and help curb the spread of the virus. Mobile apps are particularly popular among Gen Z consumers, with nearly half using them to learn about financial products.

Consumer 89

Consumer Online and Mobile Banking On-Demand Research 89

M2P Fintech

OCTOBER 19, 2023

Modern core banking solutions are every banker’s secret sauce. Irrespective of whether the banks are traditional or new-age, robust core banking solutions are imperative to operational efficiency, customer experience, compliance, and security. Globally, the core banking solutions market is valued at over $14 Bn.

Online and Mobile Banking 52

Online and Mobile Banking ATM Point-of-Sale (POS) Compliance 52

M2P Fintech

JANUARY 3, 2024

Core Banking Solution (CBS) promises a transformative leap for banks. It ensures banking functions are fully digital and compliant with modern banking standards. Migrating from Legacy Systems Transitioning from legacy to modern core banking platforms is a complex task.

Payment APIs and Integration 59

Payment APIs and Integration CRM Online and Mobile Banking Regulatory Compliance 59

PYMNTS

AUGUST 21, 2019

Legacy banks have their work cut out for them if they want to survive another century as key players in the digital banking world. This is driving legacy banks to take a closer look at their own products and strategies, with many rising to the challenge. Around the Digital Banking World.

Online and Mobile Banking 77

Online and Mobile Banking AI Mobile Banking Innovation 77

Fintech Finance

APRIL 30, 2024

This collaboration brings direct deposit, verification of income and employment (VOIE), and payment method switching solutions to financial institutions aiming to secure more primary account holders and elevate the consumer banking experience. ” Seamless digital experiences are a key piece in account primacy.

Direct Deposit 52

Direct Deposit Online and Mobile Banking Verification Payments 52

The Fintech Times

MARCH 25, 2024

BKN301 Group , the digital payments and banking-as-a-service (BaaS) provider in the MENA region, has launched its new BaaS Orchestrator solution, aiming to empower fintechs and banks of all sizes, helping them incorporate financial features into their existing value propositions.

Payment APIs and Integration 59

Payment APIs and Integration FinTech Online and Mobile Banking API 59

PYMNTS

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. But so far, mobile B2B payments have been slow to take off.

Commercial Card 84

Commercial Card Online and Mobile Banking Payer B2B 84

Open Banking Excellence

AUGUST 23, 2023

How can businesses unlock the productivity gains of AI whilst mitigating the risk of ‘hallucinations’ and solving challenges around toxicity, privacy, bias, and data governance, asks Paul O’Sullivan, SVP Solution Engineering at Salesforce? We’re now in the world of generative AI, which creates content based on a text prompt.

AI 130

AI Risk Online and Mobile Banking CRM 130

PYMNTS

NOVEMBER 27, 2019

In addressing the innovation gap that exists between credit unions and their larger financial institution (FI) brethren, credit unions (CUs) may be perceived to be at a disadvantage, at least when it comes to dollars. Increasingly, technology itself promotes a personalized experience.

Credit Union 86

Credit Union Innovation Payment APIs and Integration Online and Mobile Banking 86

Clearly Payments

FEBRUARY 19, 2024

It encompasses a wide array of services and technologies designed to securely and efficiently handle payments, including credit and debit card transactions, mobile payments, online payments, and more. These states boast a robust entrepreneurial presence, fostering innovation and economic growth. trillion in revenue in 2023.

Process 102

Process Digital Currency Online and Mobile Banking Payments 102

Payment Savvy

SEPTEMBER 5, 2024

The following post will define fintech, discuss the types of companies involved, and comment on how this new industry fundamentally changes the face of banking, investment, and doing business. This has come to mean everything from banking and insurance to investments. What Does Fintech Mean? What Is a Fintech Company?

FinTech 52

FinTech Online and Mobile Banking Payment APIs and Integration Cryptocurrency 52

Clearly Payments

DECEMBER 18, 2023

These key trends are set to redefine how consumers and businesses engage with payments, introducing innovation and unparalleled convenience. The Continued Surge of Contactless Payments Contactless payments , facilitated by tap-to-pay cards, mobile wallets , and wearable devices, are set to maintain their upward trajectory.

Payments Trends 102

Payments Trends Online and Mobile Banking Payment APIs and Integration Contactless Payments 102

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. Around The Credit Union World.

Credit Union 67

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

PYMNTS

JANUARY 21, 2021

In an interview with PYMNTS, Denise Stevens , senior vice president and chief product officer at PSCU , said contextual offers and predictive analytics will help CUs compete more effectively with larger, traditional financial institutions (FIs) — and cement member loyalty. The Trend Toward Mobile. Data Analytics.

Credit Union 96

Credit Union Online and Mobile Banking Contactless Payments Use Case 96

PYMNTS

APRIL 21, 2020

The coronavirus pandemic — which has forced all of us online — is exposing just who in financial services has embraced digitization, and who is truly digital native. We now must bank entirely online, by necessity. And many of us must transact entirely online, by necessity, to get the goods and services we need on a daily basis.

Online and Mobile Banking 92

Online and Mobile Banking IBAN Non-Bank Credit Union 92

PYMNTS

DECEMBER 28, 2018

Though FinTech has, in many ways, heated up the competition with banks, traditional financial institutions (FIs) widely began to realize in 2018 that their best strategy to remain competitive in today’s financial services landscape is often to collaborate with (not against) those FinTech firms. Visa Acquires Longtime Partner Fraedom.

B2B 73

B2B Innovation FinTech Online and Mobile Banking 73

PYMNTS

DECEMBER 14, 2020

It’s been a busy year in digital banking as the pandemic has driven consumers online to manage as much of their day-to-day lives as possible. When Bank of America Rewards Executive John Sellers glanced at his in-house numbers over the last year, the evidence was plain to see.

Online and Mobile Banking 116

Online and Mobile Banking Product Credit Cards Authentication 116

PYMNTS

DECEMBER 6, 2016

The speed at which digital banking is being transformed by new technologies is rapidly increasing. Whether that’s on their mobile device on the go or in their kitchen while they make dinner. KW: Innovation in the banking sector is blossoming. Where do you see this going, and how do you see it being adopted by banks?

Innovation 76

Innovation Online and Mobile Banking Zelle Venmo 76

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

PYMNTS

DECEMBER 3, 2020

Might mobile payments help revolutionize corporate cards? But more than ever before, the “bank-of-the-employee,” where employees willingly used their personal cards for business, will be a diminished quantity as people become more cautious with their money. No longer are people happy with physical cards in their wallets.

Mobile Payments 85

Mobile Payments Online and Mobile Banking Payments Issuers 85

Finovate

FEBRUARY 2, 2024

First up is news that Grupo Financiero Banorte has launched Mexico’s first fully digital bank, bineo. The new digital bank also offers financing products for bineo account holders. The bank also pledges competitive rates and instant access to funds once loans are approved. The company noted that it hopes to add 2.8

BNPL 59

BNPL Online and Mobile Banking Debit Card Non-Bank 59