PYMNTS

APRIL 15, 2019

Specifically, who knows what dangers — for banks, at least — lurk in shadow banking, as FinTechs emerge to nibble at market share? In the United States, there’s a bit of concentration here, as 29 percent of shadow banking is tied to the country, at $15 trillion in assets. The Question of Regulation.

Non-Bank 70

Non-Bank Online and Mobile Banking PayPal Risk 70

PYMNTS

APRIL 3, 2018

Small business (SMB) banking is in need of an overhaul. Between the threat of FinTechs and small business owners’ increasing willingness to switch banking providers, financial institutions are waking up to the demand for better SMB services. That means risks for innovators (and banks) — but a massive opportunity too.

Small Business 70

Small Business Payment APIs and Integration Faster Payments Blockchain 70

Fintech News

FEBRUARY 7, 2024

Netbank – US$344 million (Series A, Philippines) Filipino banking-as-a-service (BaaS) provider Netbank secured the largest funding round in Southeast Asia (excluding Singapore) last year, raising in May 2023 a US$344 million Series A funding round, data from KPMG and Pitchbook show. Soft Space – US$31.5

FinTech 108

FinTech Online and Mobile Banking Non-Bank On-Demand 108

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 136

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 136

PYMNTS

SEPTEMBER 11, 2019

Make that leather wallet a mobile one, wielded on smartphones. As we noted in this space earlier in the summer, using apps to bank is markedly being embraced by the younger generation. As spotlighted in the Digital Banking Tracker , the global digital banking market is slated to grow by 16 percent, compounded annually.

Non-Bank 64

Non-Bank Online and Mobile Banking Authorization Regulations 64

PYMNTS

JANUARY 28, 2020

It’s not that banks don’t want to go more digital and mobile, he said. They are heavily regulated and require heavy investment,” both in terms of capital and human resources. “It But such shifts must happen, lest those banks get left behind. The benchmarks are being set by non-banks.”. Outside Standards.

Online and Mobile Banking 67

Online and Mobile Banking FinTech Credit Union P2P 67

Fintech News

FEBRUARY 7, 2024

Netbank – US$344 million (Series A, Philippines) Filipino banking-as-a-service (BaaS) provider Netbank secured the largest funding round in Southeast Asia (excluding Singapore) last year, raising in May 2023 a US$344 million Series A funding round, data from KPMG and Pitchbook show. Soft Space – US$31.5

FinTech 98

FinTech Online and Mobile Banking Non-Bank On-Demand 98

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

CB Insights

OCTOBER 10, 2018

Traditional banking products, including checking, credit, and savings accounts, are under threat from a new crop of digital-first startups. Many of these startups are launching products without a bank charter and targeting a very specific customer base. DOWNLOAD THE 61-PAGE consumer banking REPORT. savings accounts.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

Finovate

AUGUST 16, 2024

Dublin-based regtech Fenergo has inked a partnership with Caribbean-based PROVEN Bank. PROVEN Bank Deputy Chief Executive Officer Nikita Kissoon underscored increasing regulatory pressure on financial institutions as one of the reasons the bank sought the partnership with Fenergo. The Bank of Ireland wants you!

AML 64

AML Disaster Recovery Payments Non-Bank 64

PYMNTS

DECEMBER 18, 2017

Following the global financial crisis and a pullback among banks from small business (SMB) lending, some jurisdictions have recently begun introducing new initiatives to entice competition in the space. This is the scenario of Europe, where, according to Lav Odorović, “business banking can be really awful.”.

Small Business 44

Small Business Non-Bank Online and Mobile Banking API 44

PYMNTS

SEPTEMBER 16, 2019

has not implemented regulations like GDPR or SCA, but there has been a groundswell of interest, at least from the private sector. The potential cost for non-compliance is huge. Regulators are also closely examining biometrics as the deadline moves closer. Previous efforts for the U.S. Immediate Challenges.

Compliance 52

Compliance Authentication Online and Mobile Banking Privacy 52

PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Banks 52

Community Banks FinTech Small Business FDIC 52

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

FICO

JULY 27, 2020

Once you’re at your home screen, your fingerprint or facial scan grants access to mobile payments apps, banking apps and all manner of ways to spend and move money. Instead of a fingerprint, FICO’s voice signature capabilities allow users to enroll in online and mobile banking by saying a short phrase, such as “I love chips!”

Authentication 52

Authentication Online and Mobile Banking Non-Bank Enrollments 52

Fintech Finance

MAY 16, 2024

Pay by Bank Non-card payments don’t deliver the same experience, security and protections as card-based payments. Since its acquisition of Tink , Visa has expanded across Europe, giving millions of bank customers innovative financial management tools and removing friction from their payment experiences.

Product 52

Product Online and Mobile Banking Credential RTP 52

PYMNTS

JANUARY 27, 2017

government and firms that are being regulated. As Madhu stated, though banks want to, and can, share transaction data across multiple levels, “the challenge is that liability concerns are not well-demarcated,” as they extend across consumers and across the globe. And in the U.S.,

Social Security 57

Social Security Online and Mobile Banking Credential Governance 57

Finovate

MARCH 15, 2024

Last month at FinovateEurope, we introduced Swedish embedded banking and payments company Visualizy to our audiences. Founded in 2022, the company offers a multi-bank platform that helps businesses lower costs, reduce errors, and boost security in their financial and payment operations. open banking a major boost.”

Central Bank 52

Central Bank Payment Service Provider (PSP) Non-Bank Settlement 52

FICO

SEPTEMBER 19, 2022

Regulation F has articulated prohibitions on harassment or abuse, false or misleading representations and unfair practices. These rules require the debt collectors and recoveries staff to—if non-complaint—make significant changes on how and when they can communicate with debtors. But the reality is that they have never left that seat.

Regs 52

Regs Consumer Financial Protection Bureau (CFPB) CFPB Rules 52

PYMNTS

MARCH 30, 2020

He pointed to features that lend themselves well to banking on mobile devices. Security is also top of mind for CUs as amendments to California data privacy laws may effectively insulate these FIs from penalties tied to data breaches, owing to CUs’ non-profit status.

Credit Union 57

Credit Union Credit Union Service Organization Privacy Cybersecurity 57

PYMNTS

MAY 22, 2017

9, 2016, a surprise announcement by India’s Prime Minister Narendra Modi demonetized 500 and 1,000-rupee bank notes, essentially removing from circulation 86 percent of the country’s currency (in a heavily cash-reliant society). However, the movement leading up to adoption of mobile banking has been very, very slow.

Online and Mobile Banking 41

Online and Mobile Banking Digital Payments Non-Bank Settlement 41

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. VocaLink is clearly part of that strategy. s ATM network.

Visa 43

Visa Faster Payments ACH Non-Bank 43

PYMNTS

NOVEMBER 16, 2018

Even so, it doesn’t veer too much toward the illusionary and nostalgic to submit the proposition that banking, and other financial services , used to be much more personalized — much more one on one — than is the case now. percent of banks have genuine artificial intelligence systems in place. The report found that 81.8

AI 43

AI Fraud Prevention Online and Mobile Banking Money Laundering 43

PYMNTS

JULY 1, 2016

Treasury Department released its report on the sector and concluded that the market would likely benefit from greater oversight from regulators. Commercial Banking. D3 Banking. Investors on Monday (June 27) provided $10 million to D3 Banking for it to further its research and development operations, reports said.

Online and Mobile Banking 40

Online and Mobile Banking Small Business Non-Bank Finance 40

The Fintech Times

MAY 22, 2024

However, in its latest report published today, the UK banking and financial services trade association announced that there was a four per cent decrease in the amount stolen to £1.17billion in 2023. “We have to work together across industries to ensure all customers are protected against fraud, regardless who they bank with.”

Scams 59

Scams Finance Push-to-Card Romance Scams 59

PYMNTS

AUGUST 5, 2016

Mastercard started with week with an announcement of how its Mastercard Send product would extend the reach and the speed of Early Warning’s clearXchange P2P network for bank customers with a Mastercard branded debit product. all 14k of them – and have that money deposited into that receiver’s bank account instantly. Iris Scanning.

Bitcoin 43

Bitcoin Multi-Currency Push-to-Card Chip Cards 43

Fintech Labs Insights

NOVEMBER 18, 2014

In late summer, I published a two-part post detailing the most important retail banking projects for next year ( here and here ). So in semi-prioritized order, here are six myths that continue to hamper the strategic planning of retail banks (at least in the United States). Those things can easily be done on mobile.

Online and Mobile Banking 30

Online and Mobile Banking Non-Bank P2P Consumer 30

Fintech Labs Insights

NOVEMBER 18, 2015

Alpha Payments Cloud’s AlphaHub offers banks, merchants and payment & risk product vendors unlimited vendor access and orchestration, using a single integration. Asseco Poland offers customers a tailored and satisfying banking experience for both internet and mobile banking systems.

Payment APIs and Integration 31

Payment APIs and Integration Non-Bank Multi-Currency Risk 31

PYMNTS

OCTOBER 22, 2018

Despite the rise of FinTech firms and challenger banks hoping to offer small businesses (SMBs) a better banking experience, large traditional financial institutions (FIs) continue to hold the dominant position in the SMB financial services (FinServ) space.

Online and Mobile Banking 62

Online and Mobile Banking Small Business Non-Bank Regulations 62

PYMNTS

APRIL 2, 2018

Users don’t like it, investors don’t like it, advertisers don’t like it – and regulators are beginning to wonder if Facebook has turned one too many blind eyes to these situations. At this point, at the end of the current investigation into all that went wrong with Cambridge Analytica, there is almost no doubt that new regulations are coming.

Privacy 46

Privacy Regulations Authentication Bots 46

Fintech News

DECEMBER 4, 2024

In the last two years, some large banks have been hit with very public, lengthy – over 10 hours – disruption of their digital banking services. Such unreliability erodes customer trust, impacts revenue, and perhaps most importantly, raises the ire of regulators. And that’s just the incidents we are aware of.

TPS 124

TPS Non-Bank Database Transactions 124

Fintech Review

JANUARY 14, 2025

This dynamic industry thrives on innovation, leveraging technology to disrupt traditional banking models and set new standards for customer experience. The interplay of technology, regulation, and customer preferences drives the development of transformative solutions. They provide streamlined, technology-driven financial services.

Embedded Finance 59

Embedded Finance FinTech Payment APIs and Integration Financial Inclusion 59

The Fintech Times

DECEMBER 18, 2024

Increasing accessibility and inclusion remain significant priorities for many banks and financial institutions, although, many are still falling short of what is expected of them. However, new initiatives are coming across the globe, with the aim of making it easier for a far larger number of users to access banking services.

FinTech 59

FinTech Financial Inclusion Online and Mobile Banking Non-Bank 59

PYMNTS

JANUARY 7, 2019

This shift from mobile payments to ambient commerce means that the decade of the ‘20s won’t be dependent on devices, but will be driven by an intermediary – an intermediary that can connect the consumer to any device and any commerce experience that is relevant for them at any moment in time.

Online and Mobile Banking 82

Online and Mobile Banking Mobile Payments Innovation Consumer 82

PYMNTS

APRIL 11, 2019

The top executives of seven of the biggest banks in the U.S. After all, the hearing was titled “Holding Megabanks Accountable: A Review of Global, Systemically Important Banks 10 years after the Financial Crisis.”. Seven up and, depending on how one likes their congressional hearings, less than lucky number seven? The Big Picture.

Non-Bank 63

Non-Bank Online and Mobile Banking Risk Cryptocurrency 63

PYMNTS

APRIL 11, 2019

The top executives of seven of the biggest banks in the U.S. After all, the hearing was titled “Holding Megabanks Accountable: A Review of Global, Systemically Important Banks 10 years after the Financial Crisis.”. Seven up and, depending on how one likes their congressional hearings, less than lucky number seven? The Big Picture.

Non-Bank 40

Non-Bank Online and Mobile Banking Risk Money Laundering 40