Fintech News

MAY 23, 2024

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

Online and Mobile Banking 133

Online and Mobile Banking Treasury Non-Bank Credit Cards 133

Finextra

JUNE 11, 2025

Indigenous Banking (Shroffs and Mahajans): Long before modern banks, India had a thriving indigenous banking system. These banks introduced formal ledger-based accounting and cheque payments. This was a significant step towards non-cash payments but was slow and prone to errors.

Financial Inclusion 52

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer 52

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

The Fintech Times

FEBRUARY 20, 2025

He brings over 30 years experience in financial services with senior roles across global banking, private equity and accounting. He also joins the board of Quantum as director of fintech and banking, helping with its plan to list on the London Stock Exchange in 2026. Radford previously held the CEO role at Revolut UK from 2020 to 2023.

FinTech 64

FinTech Cross-Border Payments Disaster Recovery Online and Mobile Banking 64

PYMNTS

DECEMBER 28, 2020

Her job required her to use the T-Chek system to pay for expenses incurred by truck drivers, but the individual reportedly altered the reports so that reimbursements would be paid to her personal bank account. In another case, the Bank of Ireland intercepted a $1.34 million business email scam. "We

B2B 116

B2B Email Compromise NACHA Small Business 116

PYMNTS

MARCH 9, 2020

Questions like, “What is a bank?”. It’s a fair question today, particularly as we observe the blurring of the lines between traditional banks, Big Tech and FinTechs — and as we contemplate the impact that the blurring of the digital and physical worlds has on consumers’ expectations and customer service paradigms.

Credit Union 92

Credit Union ATM Online and Mobile Banking PayPal 92

PYMNTS

DECEMBER 16, 2020

And then, after the transaction is made, there’s the task of understanding the byzantine codes and data that are tied to online statements. The “language” of the statements may represent a Rosetta Stone of sorts for the 110 million consumers who have pivoted online in the wake of the pandemic.

Disputes 91

Disputes Transactions Issuers Online and Mobile Banking 91

FICO

AUGUST 24, 2020

This week’s reveal: prior to March 2020, I had never used the mobile deposit feature of the banking app on my phone. Second, after I figured out how to use mobile deposit the first time, I asked myself, “Why did I ever go to the bank? Mobile deposits are so easy!”. Mobile deposits are so easy!”.

Online and Mobile Banking 52

Online and Mobile Banking Mobile Deposit Funds Availability Contactless Payments 52

PYMNTS

SEPTEMBER 27, 2016

One where a trip to the grocery store or the bank is a thing of the past (if it isn’t already). consumers preferred shopping for groceries online and having them delivered to their homes. online grocery sales amounted to about $7 billion in 2015 and are expected to rise to $18 billion by 2020. In 2016, 5 percent of U.S.

Mobile Payments 72

Mobile Payments Online and Mobile Banking On-Demand Payments 72

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 in 2020 to 47.8

Card Issuer 64

Card Issuer Issuers Visa Online and Mobile Banking 64

PYMNTS

JANUARY 28, 2020

Everyone knows that digital and mobile services are key to success in the 2020s — not only in terms of more revenue, but also larger transformations. It’s not that banks don’t want to go more digital and mobile, he said. But such shifts must happen, lest those banks get left behind. Gen Z is growing up.

Online and Mobile Banking 67

Online and Mobile Banking FinTech Credit Union P2P 67

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. million in 2020 to hit 47.8 year over year, from 20.7 million by 2026.

Visa 59

Visa Accounts Online and Mobile Banking Issuers 59

Fintech News

APRIL 10, 2025

From bustling megacities to remote villages, digital finance is breaking down barriers, giving millions access to banking, credit, and investment opportunities for the first time. It claims to run on a tech platform for mutual fund distribution, with an instant online registration process.

FinTech 112

FinTech Payment APIs and Integration Online and Mobile Banking AI 112

Stax

APRIL 18, 2024

For a merchant to accept credit cards, they need to pay both credit card processing fees to the banks involved and for the soft and hardware required to process cards. Acquiring Bank (Merchant Bank): The financial institution that establishes and maintains the merchant’s account, enabling them to accept credit card payments.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

CB Insights

JUNE 7, 2021

Marqeta allows businesses to offer payment card products to customers without having to deal directly with a traditional bank. It handles the back-end payment technology while working with banks that process the payment transactions. . In 2020, the company processed $60.1B G lobal online sales are expected to reach $4.8T

Issuers 73

Issuers Card Issuer Payment APIs and Integration Innovation 73

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

MAY 8, 2020

The first quarter of 2020 should have been business as usual — especially for the payments processors and financial services technology companies — the firms that keep commerce humming across offline and online channels. Merchants, too, enjoyed the tailwinds of a strong economy and sanguine consumer mindset. Setting The Stage.

PayPal 98

PayPal Online and Mobile Banking Volume Point-of-Sale (POS) 98

PYMNTS

MAY 7, 2020

April 2020 was also a record-breaking month for PayPal in terms of enrollment and use. The first quarter of 2020 also saw payment transactions pickup by 20 percent to 1.2 non-GAAP EPS without credit reserves came in at $.83 66 non-GAAP EPS. PayPal added 7.4 million net new active accounts.

PayPal 99

PayPal Transactions Process Venmo 99

PYMNTS

NOVEMBER 30, 2019

On the cusp of 2020, board games remain relevant, and may even be enjoying a renaissance. The newest version of Monopoly is called “Monopoly Voice Banking.” For starters, expect even more board games to have an online or mobile component, allowing people to play by themselves or with other, distant players.

Non-Bank 84

Non-Bank Online and Mobile Banking Research Consumer 84

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

PYMNTS

JUNE 18, 2019

Both the Libra network and the Calibra application are expected to launch in second half of 2020. Facebook hopes to increase the number of Members — and therefore the Council — to 100 by 2020. billion people in the world without access to a bank account the ability to have one at no or low cost. I explain how it all works below.

Payments 98

Payments Online and Mobile Banking Cross-Border Financial Inclusion 98

PYMNTS

JULY 3, 2020

PYMNTS’ June 2020 Credit Union Tracker® , done in collaboration with PSCU , explores the loyalty dynamic at work deep within CUs – and the threats to it should these financial institutions (FIs) fail in their mission to provide members with experiences not typically found at banks. “A Easy is the New Loyalty’. Likewise, 33.3

Credit Union 61

Credit Union Online and Mobile Banking Innovation Non-Bank 61

CB Insights

SEPTEMBER 10, 2019

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. From big banks to big tech.

Finance 77

Finance Online and Mobile Banking Micro-Entry Advisors 77

PYMNTS

JANUARY 9, 2020

China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulatory reins. The overall number of P2P platforms has decreased dramatically in recent years because of money scandals. “The billion yuan (US$70.4

P2P 52

P2P Shutdown Non-Bank Regulations 52

FICO

JULY 28, 2021

NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% Additionally, ACH internet transactions rose 15% from 2019 to 2020. As it happens, 2020 was a banner year for ACH fraud, too. Use financial institution credentials to access the end user’s bank accounts.

NACHA 52

NACHA ACH Scams Account Validation 52

The Fintech Times

MAY 2, 2024

This was supported by business-friendly financial technology regulations and the widespread adoption of digital banking services. This represents Visa’s first project in the local open banking sector. Mobile payments are also increasingly becoming the preferred option for in-store payments.

Online and Mobile Banking 59

Online and Mobile Banking Cross-Border Mobile Payments Non-Bank 59

PYMNTS

JULY 12, 2019

Mobile-based digital identities could play an important role in solving this issue as smartphone ownership has become more widespread, paving a natural avenue for such tools. Mobile devices enable fast and secure access to services, many of which are solely available online. Device Manufactures Explore Mobile ID.

Online and Mobile Banking 43

Online and Mobile Banking Governance Government Enrollments 43

PYMNTS

NOVEMBER 2, 2020

billion in the bank. The Prime, Plus Membership Face-off: In-store Versus Online. Walmart+, as advertised, also includes mobile Scan and Go in-store using the Walmart app — a feature that has consistently failed to excite Walmart customers over the last six years. But these results also suggest that the U.S.

Consumer 98

Consumer Online and Mobile Banking Product Non-Bank 98

PYMNTS

SEPTEMBER 30, 2016

The CFPB doesn’t like it and has decided it needs to go – and just like Wells was the big fish on the line for the ongoing crackdown/smackdown of big banks, nailing the startup that went to market as the kindler, gentler side of payday loans may be the example that’s held up to put the rest of the industry out to pasture. Better not.

CFPB 69

CFPB Online and Mobile Banking Bots Same Day ACH 69

PYMNTS

MAY 11, 2017

Several major banks, including Citi and Standard Chartered, recently launched their own APIs to help their various clients access each banks’ financial toolsets to address their individual needs. trillion by 2020 in terms of B2B transactions. Bank, host hackathons to motivate the developer community to build these tools.

API 57

API Payment APIs and Integration Online and Mobile Banking Small Business 57

Fintech News

OCTOBER 28, 2024

It enables financial institutions, especially those without core banking systems or with systems lacking API integration, to manage bulk transactions. Integrated with bank accounts and digital wallets in Pakistan, Hakeem provides customers with easy disbursement options. ThitsaWorks Pte.

AI 108

AI FinTech Innovation Payment APIs and Integration 108

PYMNTS

NOVEMBER 30, 2020

billion during 2020’s first nine months, down from $3.7 trillion for “experiences,” Airbnb’s COVID-era initiative to host paid online events like cooking classes or tours of exotic cities. The higher valuation comes even as Airbnb continues to weather a global pandemic that’s slammed the travel business. That included $1.8

Addressing 60

Addressing Online and Mobile Banking Origination Non-Bank 60

Fintech News

JANUARY 24, 2024

Entities providing DPT services before 28 January 2020 are temporarily exempted from licensing under specific conditions. FOMO Pay provides a digital payment processing platform that allows merchants and financial institutions in emerging markets to accept a full suite of mobile payments, including cryptocurrencies.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

PYMNTS

SEPTEMBER 16, 2019

Essentially, SCA mandates that millions of consumers will need to confirm their identities for most of their online purchases using two of the following: who they are (e.g., The potential cost for non-compliance is huge. The potential cost for non-compliance is huge. a fingerprint), what they have (e.g., a password).

Compliance 52

Compliance Authentication Online and Mobile Banking Privacy 52

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. billion globally in 2021 – banks and credit unions are losing their status as the primary financial services providers to American consumers. Taking the FinTech Threat Seriously: What Should Banks Be Doing to Compete? banks collected $15.47 by Darryl Knopp.

Credit Union 52

Credit Union FinTech BNPL Online and Mobile Banking 52

Stax

JANUARY 24, 2024

Existing QuickBooks Desktop users face the choice of upgrading to a newer version, switching to QuickBooks Online, or exploring alternative accounting software. However, it’s worth noting that Intuit has been steadily discontinuing versions of Desktop as far back as 2018 (QuickBooks Desktop 2020 was discontinued on May 31st, 2023).

Payroll 88

Payroll Accounts Product Multi-Currency 88

PYMNTS

SEPTEMBER 22, 2017

Among the front row seat observers in the battle for payments security is Stephen Stuut, CEO of online mobile payments and identity verification company Jumio. Furthermore, delay in application processing leads to about 75 percent drop off in online applications, and businesses witness a decline in conversion rates.

Online and Mobile Banking 56

Online and Mobile Banking Verification Data Breach Breach 56