Finovate

JUNE 18, 2024

Now a part of NCR Voyix’s mobile solution, the technology will help banks and credit unions boost customer and member engagement and loyalty. The credit union also underscored how the technology enhanced its ability to communicate and engage with its members, improving in-app support.

Technology 59

Technology Credit Union ATM Mobile Banking 59

PYMNTS

DECEMBER 5, 2019

This is Spear’s second round at PSCU, as he was previously in charge of Client Relations and Services at the company from 2006 to 2012. PSCU supports 1,500 credit unions representing more than 3.8 billion transactions annually.

Credit Union 52

Credit Union Returns Continuity Transactions 52

PYMNTS

SEPTEMBER 20, 2017

For credit unions , the formula seems to be slightly different, although there’s still a decidedly human element to staying in business and helping members maintain financial health. Founded in 1935, BECU began as a credit union for employees of the Boeing Company aircraft manufacturing firm. It all starts with listening.

Credit Union 49

Credit Union FinTech Non-Bank Innovation 49

Finovate

OCTOBER 4, 2024

Also this week, the company announced that it was teaming up with business identity platform, and fellow Finovate alum, Middesk to enhance KYB verification for both banks and credit unions. ” Headquartered in San Francisco and founded in 2019, Middesk made its Finovate debut at FinovateFall 2022. .

Innovation 64

Innovation AI Payment APIs and Integration Online and Mobile Banking 64

Finovate

FEBRUARY 14, 2024

As Executive Director of Product Management at NCR Voyix , Wynn helps both community banks and credit unions form strategies to implement their digital transformation and product roadmap initiatives. In the long run, however, I knew Digital Insight was my home, and I returned to them in 2012. Wynn: AI has notable potential.

Credit Union 64

Credit Union AI FinTech Consumer 64

Fintech Labs Insights

JUNE 23, 2015

A new mobile rewards program, “Lake Trust GO,” will soon be available to the more than 170,000 members of the Lake Trust Credit Union courtesy of a new partnership between the credit union and Larky. Lake Trust Credit Union has more than $1.6

Credit Union 22

Credit Union Online and Mobile Banking Enrollments Debit Card 22

Finovate

AUGUST 6, 2024

The company pointed to one of its customers, a major credit union, that reported that 82% of their new deposit accounts were funded using Astra card funding. Another credit union customer of Blend said that 66% of its consumers preferred funding via Astra card compared to other methods.

Instant Payments 59

Instant Payments Deposit Account Payment APIs and Integration Credit Union 59

PYMNTS

MARCH 29, 2019

Loyalty : Credit unions sizzle when it comes to loyalty, with 81 percent of consumers surveyed in the latest Credit Union Innovation Playbook saying they use CUs as their FI of choice because they trust those institutions. All of this comes amid the strongest quarter for stocks in general logged in a decade.

Credit Union 67

Credit Union Bitcoin Scams Data Breach 67

Finovate

APRIL 29, 2024

Charles Eads, Chief Lending Officer of one such lender, Abound Credit Union, noted RCP’s potential to help the credit union serve members outside of its typical geographic boundary. Currently, more than 20 lenders within Upstart’s network are already using RCP. billion.

Credit Union 52

Credit Union Returns Underwriting AI 52

PYMNTS

FEBRUARY 19, 2018

According to a report, the new group of banks to now support Apple Pay include American Eagle Financial Credit Union, Central Virginia Federal Credit Union and Community Bank & Trust of Florida, among others. Since Apple launched Apple Pay in the U.S., A little more than one in 10 — or 11.7

P2P 57

P2P Venmo Payments Credit Union 57

PYMNTS

NOVEMBER 22, 2019

The bet against those companies, through a process known as “short selling” and a focus on credit default swap, means that Icahn (and others) are betting that the CMBX 6 Index, which tracks roughly two dozen commercial mortgage-backed securities, will fall. The index and the securities, the report said, are in turn tied to loans made in 2012.

Credit Union 40

Credit Union Credit Union Service Organization Federal Trade Commission Push-to-Card 40

Fintech Labs Insights

JANUARY 19, 2016

Location-based loyalty platform, Larky , has been up to the challenge since it was founded in 2012. The startup recently expanded its client base to include three additional credit unions: Wisconson-based Summit CU. The post Larky Launches at Three New Credit Unions appeared first on Finovate. Maine Savings FCU.

Credit Union 15

Credit Union Product Posting 15

Fintech Labs Insights

AUGUST 23, 2024

The credit union industry has dedicated conferences for just about every function. Take a look at our curated list of the top events for credit union technologists, product managers, developers, marketers and as well as the C-Suite and even directors. It’s very refreshing.

Credit Union 15

Credit Union NOV NACHA Audit 15

PYMNTS

MARCH 14, 2017

The company services 8,000 banks, specialty lenders, credit unions, governments and corporations, with more than 5,500 employees around the world and revenue of almost C$1.7 Vista, which has offices in Austin, Texas, Chicago and San Francisco, took Misys privately in 2012 for £1.3 s shares rose 9 percent to C$25.12. billion ($1.6

Acquirers 40

Acquirers Credit Union Legal Checks 40

PYMNTS

FEBRUARY 5, 2020

One standout, and germane to payments: the allowance for credit losses that are estimated for credit cards increased across several big players in financial services. CECL dawned for those larger public firms this year, but will take effect for smaller, private banks and credit unions beginning in 2023.

Rules 63

Rules Accounts Credit Cards Credit Union 63

PYMNTS

SEPTEMBER 12, 2018

Meanwhile, institutional lenders’ approval rates maintained the same level as in July, while credit unions saw a slight one-tenth of a percent drop in their approval rates, hitting 40.2 percent approval rating in March of 2012, Biz2Credit noted.

Small Business 40

Small Business Community Banks Credit Union Economy 40

PYMNTS

FEBRUARY 5, 2020

One standout, and germane to payments: the allowance for credit losses that are estimated for credit cards increased across several big players in financial services. CECL dawned for those larger public firms this year, but will take effect for smaller, private banks and credit unions beginning in 2023.

Rules 56

Rules Credit Cards Credit Union Accounts 56

Fintech Labs Insights

JUNE 24, 2015

“But ultimately, payments are the domain of banks and credit unions.” And as these banks and credit unions begin launching their own mobile wallets and payment services, Prairie Cloudware will be there. Prairie Cloudware was founded in December 2012.

Credit Union 24

Credit Union Digital Payments Gateways Participant 24

Fintech Labs Insights

SEPTEMBER 9, 2014

Thoughts : Many banks and credit unions offer products with similar benefits. credit unions offer "credit builder loans." Banks and credit unions also offer CD/saving secured loans. Source: NY Times, 6 Feb 2012. Credit Reports & ID Theft Protection Launches Loans & Credit'

Credit Union 25

Credit Union FDIC Debit Card ACH 25

PYMNTS

APRIL 30, 2020

Stanford Federal Credit Union first introduced the service, followed by Presidential Bank in 1995, kicking off a trend that would see 80 percent of U.S. Sixty-eight percent of consumers reported they had used smartphone-based banking within the past 12 months in 2012. Digital banking has had a long evolution in the U.S.,

Online and Mobile Banking 60

Online and Mobile Banking Debit Card Mobile Banking Adjustments 60

PYMNTS

JUNE 13, 2018

Across the board, banks, credit unions and FIs are turning to new tools that rely on AI and machine learning. Founded in 2012, Tink debuted its AI and machine learning-focused digital banking platform the following year to give customers better financial insights. That’s beginning to change, however.

API 46

API Regulations B2B On-Demand 46

Fintech Labs Insights

JULY 14, 2016

“Buzz Insight will enable community banks and credit unions to better comprehend how their customers and members are interacting within their communities,” Buzz Points CEO Dwayne Spradlin said. Founded in 2012 and headquartered in Austin, Texas, Buzz Points demonstrated its mobile app at FinovateFall 2015.

Credit Union Service Organization 20

Credit Union Service Organization Credit Union Online and Mobile Banking Enrollments 20

Fintech Labs Insights

JULY 29, 2015

While the first ( on left above ), unveiled in Oct 2012 , was a massive rebuild, the latest is a more of a large remodel. I was not a huge fan of the 2012 version, so I’m glad to see the improvement, especially downsizing the page-dominating login area. But I think other homepages (e.g. It is making me dizzy as I write this.

Credit Union 25

Credit Union Credit Cards Checks Origination 25

PYMNTS

MARCH 27, 2018

Mortgages have dominated the top spot since the database itself launched in 2012 — which is unsurprising given the CFPB was created following a crisis in mortgage underwriting. 2 spot in 2017 when the credit reporting agencies (normally the No. Debt collectors managed to lose their No. 3 contender) secured the silver medal position.

CFPB 48

CFPB FTC Consumer Financial Protection Bureau (CFPB) Push-to-Card 48

Fintech Labs Insights

JUNE 8, 2015

The company’s eye print technology has been deployed by financial institutions, most recently at Mountain America Credit Union , looking to secure their mobile apps. And smartphone manufacturer Alcatel announced this spring that it was launching a new phone with EyeVerify’s eyeprint technology included.

Authentication 25

Authentication Credit Union Technology Security 25

PYMNTS

DECEMBER 21, 2016

When the smoke cleared, the numbers were ugly : 40 million cards breached, 70 million customer records stolen, 1 million to 3 million cards successfully sold and used in fraudulent transactions, $200 million spent on reissuing cards by banks and credit unions for compromised cards, and an estimated $57.3

Breach 52

Breach EMV Compromise Push-to-Card 52

Segpay

JUNE 25, 2024

Launched in 2012, Swish was developed by collaborating with all central Swedish banks. In July 2023, the Federal Reserve launched the FedNow Service, an instant payments infrastructure that allows participating banks and credit unions to send and receive transactions within seconds, 24/7.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52

Fintech Labs Insights

FEBRUARY 24, 2017

” Founded in 2008 and headquartered in Toronto, Ontario, Canada, SecureKey demonstrated its technology at FinovateFall 2012. The company announced this week that Affinity Credit Union had become a “trusted sign-in” partner for its SecureKey Concierge program.

Blockchain 20

Blockchain Credit Union Authentication Credential 20

Fintech Labs Insights

DECEMBER 30, 2016

Or better yet, how about a holiday skip payment offer similar to that featured on Texas Tech Federal Credit Union’s homepage (see above). Previous year-end holiday posts: 2015 , 2014 , 2013 , 2012 , 2011 (big banks), 2011 (CUs/community banks), 2009 part 1 , 2009 part 2 , 2007 , 2006 , 2006 , 2004. ———-.

Non-Bank 20

Non-Bank Credit Union Community Banks Participant 20

Fintech Labs Insights

DECEMBER 2, 2015

” Pictured: Social Money CEO Scott McCormack demonstrating GoalSaver at FinovateSpring 2012. For its part, Social Money sees the acquisition as an opportunity to continue helping community banks and credit unions, in the words of Social Money CTO Adam Anderson, “establish direct-to-digital capabilities in the future.”

Acquirers 14

Acquirers Credit Union Community Banks Audit 14

Fintech Labs Insights

APRIL 12, 2024

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

Online and Mobile Banking 15

Online and Mobile Banking Innovation FinTech NOV 15

Fintech Labs Insights

AUGUST 26, 2015

Produced more than 100% revenue growth annually since 2012. And what if we did this not just for the ATM channel, but for any channel, mobile, online, branch, IVR, you name it … that’s what we’re doing with INETCO Analytics.” ” Stats. Founded in June 1984. Headquartered in Burnaby, British Columbia, Canada.

Transactions 24

Transactions ATM Online and Mobile Banking Credit Union 24

Fintech Labs Insights

JUNE 23, 2016

. “The future of payments is now, and consumers shouldn’t have to wait any longer to gain access to a convenient, secure and preferred mobile payments experience provided by their bank or credit union,” Prairie Cloudware chief revenue officer Doug Parr said. In January, the company announced that $3.2

Digital Payments 16

Digital Payments Debit Card Credit Union Payments 16

Fintech Labs Insights

APRIL 30, 2015

Onovative provides banks and credit unions with modern APIs and a simple UI to help them grow. Founded: 2012. Onovative’s powerfully simple marketing automation software helps financial institutions meet the challenge of cross-selling current customers. Why it’s great. Founded: 2013. HQ: Jeffersonville, IN.

Online and Mobile Banking 26

Online and Mobile Banking API Credit Union Automation 26

Fintech Labs Insights

JANUARY 13, 2016

INTECH announced in October that it was licensing Digital Payments Guardian to provide to its credit union clients. Union Bank & Trust was founded in 1917 as the Farmer’s State Bank, changed its name to Union Bank in 1935, and added trust powers in 1959, becoming Union Bank & Trust Company.

Digital Payments 15

Digital Payments Credit Union Debit Card Mobile Payments 15

Fintech Labs Insights

OCTOBER 5, 2016

Founded in 2012. Co-founder and CEO of CUneXus credited his firm’s 1-click consumer lending technology for catching the Fintech Forward judges’ attention. “ORB gives banks and credit unions a competitive advantage by placing strong emphasis on delivering the ultimate digital banking experience,” Bohanon said.

FinTech 16

FinTech Credit Union Technology Mobile Banking 16

Fintech Labs Insights

JULY 24, 2024

million $557 3 GoHenry (Acorns) 2012 Lymington, UK 610,000 $121 4 Step 2018 Palo Alto, CA 100,000 $491 5 FamZoo 2006 Palo Alto, CA 35,000 Unknown 6 Busykid (AKA Leapspring) 2011 Phoenix 34,000 8.3 million $1,700 2 Greenlight 2014 Atlanta 1.3 7 Till 2018 Nantucket, MA 20,000 $6.0 8 Jassby 2017 Waltham, MA 14000 $7.9

Financial Literacy 15

Financial Literacy FDIC Credit Union Venmo 15