Fintech News

MARCH 6, 2024

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.

Online and Mobile Banking 134

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 134

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

Fintech News

AUGUST 26, 2024

Thailand is moving closer to welcoming its first virtual banks, with the Bank of Thailand (BOT) currently accepting applications for the virtual banking license. With the deadline looming on the 19th of September 2024, speculations are rife for Thailand’s virtual banking license applicants.

Online and Mobile Banking 117

Online and Mobile Banking Financial Inclusion Bots Underserved 117

The Payments Association

OCTOBER 14, 2024

Traditionally, consumers stuck with familiar banks, but there’s now a growing trend of current account switching. The service was introduced as part of a government initiative to increase competition in the banking sector, aiming to reduce the inertia that had kept 75% of account holders with the same bank for years.

Accounts 88

Accounts Consumer Online and Mobile Banking Multi-Currency 88

Stax

JULY 9, 2024

We can hail a ride from a mobile app, and our transactions for all sorts of goods and services can be easily paid for from our phones. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. All you need to use a digital wallet is a smartphone.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

Fintech Finance

FEBRUARY 28, 2024

Today Mastercard announced the Open Banking for Account Opening program, providing a foundational set of open banking products as a core benefit to Mastercard consumer and small business debit issuers as well as consumer prepaid issuers in the U.S. year over year, from 20.7 million in 2020 to hit 47.8 million by 2026.

Visa 59

Visa Accounts Issuers Online and Mobile Banking 59

PYMNTS

OCTOBER 6, 2020

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. Banks are good at creating pain points by making customers sign several forms and documents, Dimon told Sibos attendees. “We We’re a mobile app, and that’s how we deliver our services.”. On Monday (Oct.

Online and Mobile Banking 102

Online and Mobile Banking ATM Mobile Banking Credit Union 102

The Fintech Times

MARCH 1, 2024

Payments giant Mastercard has launched its new ‘Open Banking for Account Opening’ programme for select US debit and prepaid products, hoping to streamline and secure account opening. In a recent study, Insider Intelligence found that Gen Z mobile banking adoption continues to rise by 12.4 million by 2026.

Card Issuer 64

Card Issuer Issuers Visa Online and Mobile Banking 64

PYMNTS

SEPTEMBER 9, 2019

challenger bank is expanding its mobile-first strategy to the web. Tide, which targets small and medium-sized business (SMB) customers, announced it will now allow SMBs to sign up for accounts online, according to AltFi reports Friday (Sept. The online account opening tool will go live Monday (Sept. Another U.K.

Online and Mobile Banking 43

Online and Mobile Banking Small Business Mobile Banking Security 43

The Fintech Times

JANUARY 31, 2024

Lloyds Banking Group is shutting down its mobile van banking service this year and closing 123 branches, sparking concern over reduced access to essential financial services, particularly in rural and underserved areas. is unhappy with Lloyds’ decision to stop its mobile van banking service. Money, Which?

Financial Inclusion 69

Financial Inclusion Bank Closure Online and Mobile Banking Underserved 69

The Fintech Times

JULY 26, 2024

The Current Account Switch Service explained that the continued upward switching trend highlights that finding the right bank or building society is still a priority for UK consumers. Online or mobile banking (43 per cent) remained the top reason people preferred their new account, a consistent trend across the last 12 months.

Accounts 69

Accounts Consumer Online and Mobile Banking End User 69

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

NOVEMBER 24, 2020

The pandemic is reshaping banking. The conversation came against a backdrop where, as noted in a recent PYMNTS Tracker , a majority of Americans did their banking online last year. As more banking has shifted online, an increasing amount of that online activity is occurring across mobile conduits.

Credit Union 107

Credit Union Online and Mobile Banking Push-to-Card Disputes 107

PYMNTS

FEBRUARY 18, 2020

LendingClub provides personal lending online, and it wants access to funding that is more stable and not as expensive. The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. This is the first time a FinTech has purchased an actual bank.

FinTech 97

FinTech FDIC Online and Mobile Banking Returns 97

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

OCTOBER 1, 2020

The plastic card, by necessity, is giving way to digital cards, and mobile apps are bringing card-not-present transactions, increasingly, to mobile devices. She noted that mobile app use is up double-digit percentages as of April, when the pandemic shifted so much of everyday life online.

Online and Mobile Banking 106

Online and Mobile Banking Disputes On-Demand Issuers 106

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

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

JANUARY 20, 2021

Pointing to increased demand for premium products and continued lifestyle changes from the coronavirus, Procter & Gamble reported an 8 percent increase in total revenues Wednesday, led by a 50 percent increase in its online sales.

Online and Mobile Banking 117

Online and Mobile Banking On-Demand Product Consumer 117

The Fintech Times

JANUARY 26, 2024

The Current Account Switch Service is a free UK service helping consumers to switch a current account from one participating bank or building society to another, in seven working days. “Some of the banks with the highest number of switches were near the bottom of Which?’s John Dentry, product owner at Pay.UK

Accounts 59

Accounts Online and Mobile Banking Facilitators Volume 59

PYMNTS

JUNE 29, 2020

The COVID-19 pandemic is one of the most monumental crises the banking industry has faced, and the sector must stare down the dual challenges of creating safety measures at branch locations while addressing the ongoing economic downturn that has stretched their capacity for processing and deferring loans.

Online and Mobile Banking 126

Online and Mobile Banking IRS Adjustments Checks 126

PYMNTS

JANUARY 31, 2018

In online banking, 40 percent abandonment is … intolerable. As many as four in 10 consumers have at some point in their journey into online banking found the process frustrating enough to give up, as estimated by Signicat. In life, 40 percent of anything is a lot. And the frustration level has grown.

Online and Mobile Banking 61

Online and Mobile Banking Push-to-Card Money Laundering AML 61

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? When businesses trust AI, they can drive genuine productivity gains.

AI 130

AI Risk Online and Mobile Banking CRM 130

PYMNTS

JUNE 8, 2020

The new coronavirus led many financial institutions (FIs) to close or limit the hours of operation of their brick-and-mortar branches amid stay-at-home orders, in effect making digital platforms the only option for many consumers to interact with their banks. Around The Digital Onboarding World.

Online and Mobile Banking 62

Online and Mobile Banking Mobile Banking Verification Accounts 62

The Fintech Times

JULY 24, 2024

Nicky Senyard, CEO and founder of Fintel Connect “Developing countries are actually great places for new ideas because they often don’t have traditional banks. This shift has led to a bunch of great advancements in mobile banking and money apps, making it possible for financial services to reach even the most remote areas.

Finance 59

Finance Micro-Entry Online and Mobile Banking Financial Inclusion 59

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

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 93

Online and Mobile Banking Payments Innovation Push-to-Card 93

PYMNTS

OCTOBER 19, 2017

Seed , which launched in 2015 to disrupt small business (SMB) banking, is emphasizing its focus on mobile-first solutions in the wake of revelations of its recent survey. 18), Seed revealed news that it is rolling out small business banking solutions and released the results of a survey of 423 small businesses in the U.S.

Small Business 46

Small Business Cash Management Online and Mobile Banking Mobile Deposit 46

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

JUNE 3, 2020

Brick-and-mortar branches shuttered as social distancing measures were enforced, and customers subsequently turned to mobile apps or websites to fulfill their banking needs rather than risking in-person visits. Online account openings have increased 14.5 Confronting Digital Banking Reality.

Online and Mobile Banking 52

Online and Mobile Banking Contactless Payments Volume Mobile Banking 52

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

Fintech Labs Insights

MAY 12, 2015

The company is demonstrating how it incorporated beacon technology into its mobile banking app. Digital Insight is illustrating the use of beacons within its mobile banking app. Product Manager) and Ronald Yeung (Engineering Lead). mobile banking end users. Presenting Marshall Yuan (Sr.

Mobile Banking 31

Mobile Banking Online and Mobile Banking End User Acquirers 31

PYMNTS

MARCH 13, 2019

As the financial services space focuses on digitizing offerings for their small business customers, much of these efforts are targeting online banking portals accessed via desktop. Today, he explained, small businesses often do the bare minimum to manage finances, despite the rise in FinTech platforms and products available to them.

FinTech 67

FinTech Online and Mobile Banking Small Business Payment APIs and Integration 67

The Fintech Times

JANUARY 9, 2024

” Protecting online and mobile banking platforms Andy Cease, director of product marketing at Entrust Protecting sensitive data and banking platforms could also emerge as one of the most important uses of AI in the industry.

AI 119

AI FinTech Online and Mobile Banking Best Practices 119

PYMNTS

JUNE 1, 2020

The new coronavirus had an immediate and profound effect on the financial services industry, as brick-and-mortar bank branches closed to protect public health. Those closures meant that many consumers in countries like the United States were left only with digital platforms to access their bank accounts or to conduct necessary transactions.

Online and Mobile Banking 54

Online and Mobile Banking Digital Payments Community Banks Mobile Banking 54

PYMNTS

APRIL 30, 2020

The coronavirus pandemic has consumers around the world turning to digital devices to access banking services. The new surge in demand is putting financial institutions’ (FIs’) online and mobile offerings to the test and allowing FIs to show off their digital investments and know-how to assure customers that they are in good hands.

Online and Mobile Banking 60

Online and Mobile Banking Debit Card Mobile Banking Adjustments 60

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