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

PYMNTS

JANUARY 1, 2021

Digital-First Banking. Banks will need to seriously revamp their in-branch experiences to accommodate the new normal as customers are growing used to the unparalleled convenience and speed that mobile banking has to offer. We suspect this is going to broaden the demographic.”. Disbursements.

Economy

PYMNTS

SEPTEMBER 19, 2018

Business cards and document pouch? According to Bank of America ’s new vision of the future, those trips — and other B2B payment activities such as buying supplies — would go much more efficiently if plastic was replaced by mobile wallets. Mobile Wallet Tool. Mobile Wallet Growth. Polished shoes and nice jacket?

B2B

PYMNTS

JANUARY 8, 2019

When Chime ’s Co-founders Chris Britt (CEO) and Ryan King (CTO) first set out to start a web bank, it was with one idea in mind: offering middle-class consumers a good deal. It was something that was surprisingly hard for them to find in mainstream banking. King and Britt launched Chime in 2014 to address that underbanked segment.

Debit Card

PYMNTS

MARCH 2, 2020

Cloud computing, advanced ATMs and data analytics are just some of the offerings being employed by financial institutions (FIs) to meet customers’ demands for digital experiences. BBVA USA , the Alabama-based subsidiary of Spanish multinational FI Banco Bilbao Vizcaya Argentaria and the 30th largest bank in the U.S.,

Credit Cards

PYMNTS

JANUARY 13, 2017

12) the national launch of a mobile payments bank, which, according to a report , is India’s first one. According to the report, Airtel is taking advantage of a big push by the Indian government to accelerate financial inclusion and bring more competition to the market by issuing payment bank licenses.

Mobile Payments

PYMNTS

NOVEMBER 29, 2016

Citi has just provided its members an in-app window into the status of their replacement cards. 29), Citi credit card members in the U.S. will be able to track the progress of their replacement card delivery in real time. Customers will also be able to activate their card through the tracker. Starting today (Nov.

Online and Mobile Banking

CB Insights

AUGUST 23, 2018

Over the past two years, the bank has spent nearly $20B to scale its technology and prepare itself for the next generation of banking. Live briefing: Consumer Banks in The Digital Age. Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. First Name.

Consumer

PYMNTS

JUNE 4, 2020

One-third of those surveyed since the outbreak said in a recent study that they planned to up their digital and mobile banking tool usage, for example.”. Digital payment technologies enable banks to meet evolving customer needs in everything from refunds and consumer incentives to [B2B] payments. Server farms didn’t melt.

Digital Payments

PYMNTS

FEBRUARY 11, 2019

Visa and Mastercard , via their debit rails, enable real-time push payments in support of a number of peer-to-peer (P2P) and business-to-peer (B2P) use cases. The “state” of — well, anything — refers to its condition, the attributes and even the state of “mind” that denotes where we are at any given time on an endeavor. Where We Are Now.

Faster Payments

PYMNTS

SEPTEMBER 10, 2018

Some lenders are turning to reloadable debit cards and other disbursement tools to both provide more direct loan fund access and retain greater transparency. Some lenders are turning to reloadable debit cards and other disbursement tools to both provide more direct loan fund access and retain greater transparency.

Checks

PYMNTS

MARCH 14, 2017

New digital authentication tools are allowing India’s rural consumers to open bank accounts in the blink of an eye. As India moves to a cashless society, new digital banking tools — such as iris scanning technology — are being adopted by the nation’s banks to help verify customers’ identities.

Authentication

PYMNTS

OCTOBER 23, 2018

What banks have to learn is that whether one is shopping for physical products or financial services, the consumer wants an experience that is harmonized across channels and personalized to their needs.”. What the consumer, the bank and the retailer are looking at today is the same,” Engel said. “We Tapping Into Personalization.

Consumer

PYMNTS

JULY 28, 2020

Cloud-based banking technology can help FIs keep up with digitally savvy customers, but banks must realize that no single tool is sufficient to meet their needs. I see a lot of other companies — other banks, actually — go, ‘Up is using [the cloud]. If we use [the cloud], we will also be innovative,’” Morris said. “I

Technology

PYMNTS

APRIL 18, 2016

In a quartet joining forces to bring mobile cross-border payments to 22 million Bangladeshis, MasterCard is linking up with Western Union, bKash and BRAC bank. The service will allow bKash’s customer base to use mobile phones to receive remittances that come from outside the country directly into their bKash accounts.

P2P

PYMNTS

MAY 21, 2016

And, if the success Santander UK is finding in an early in-app voice pilot is any indication, you can likely expect your banking to be voice-enabled in the near future as well. When Santander UK recently launched a voice assistant in its student-geared mobile banking app, SmartBank, it marked the first bank in the U.K.

Technology

PYMNTS

JULY 22, 2016

As Michael Miebach, Mastercard’s Chief Product Officer, shared with Karen Webster shortly after the news was announced, the move will enable Mastercard to power the connection between any digital payment method, including bank accounts, and any connected device its network supports. s ATM network. Lock, stock and barrel.

Visa

PYMNTS

MARCH 1, 2018

In recent weeks, some big names have joined the push to pay employees more quickly. Payment solution provider i2c recently announced a partnership with mobile banking FinTech Payfare to pay rideshare drivers using a prepaid Mastercard. As such, this generation is driving a greater issuance of debit cards than credit cards.

Push-to-Card

CB Insights

MAY 15, 2019

Visa’s Innovation Center aims to increase collaboration among teams working on tech solutions spanning tokenization, payment apps, mobile location confirmation, and more. DBS Bank — DBS Asia X (DAX). One popular approach: in-house financial innovation labs. Visa — One Market Center. Founded: 2013. Founded: 2016.

Innovation

PYMNTS

AUGUST 21, 2016

For the initial launch earlier this year, Uber partnered with GoBank — drivers who signed on with Instant Pay would receive an Uber Debit Card from GoBank tied to a mobile bank account offered by Green Dot. debit card that is attached to a traditional checking and savings account. Labor Day is two weeks from today.

Data Breach