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.

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

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? Beyond the fact that those CEOs said systemic risk is not yet in the cards, the septet also said these alternative lenders bear watching, lest the growing nonbank sector eventually give cause for alarm.

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Non-Bank Online and Mobile Banking PayPal Risk 70

CB Insights

DECEMBER 4, 2019

While the anticipation for Amazon’s plunge into banking gets louder each year, it’s important to first understand Amazon’s existing strategy in financial services — what Amazon has launched and built, where the company is investing, and what recent products tell us about Amazon’s future ambitions. Amazon Payments.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

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. ” Unauthorised fraud losses Unauthorised fraud is when your card details are used by someone else without your permission. .”

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Scams Finance Push-to-Card Romance Scams 59

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.

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Accounts Consumer Online and Mobile Banking Multi-Currency 88

The Fintech Times

JANUARY 17, 2024

We see a tremendous opportunity for banks to show consumers how these new technologies and processes like explainable AI are being used to safeguard their finances.” Banks and other financial institutions are increasing their defences against these threats, with 86 per cent of respondents saying their company is investing in new technologies.

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AI Financial Crimes Crime Security 59

PYMNTS

JANUARY 31, 2018

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. The price can be a heavy one to pay, as 31 percent of respondents reported having a negative view of their financial institution after abandoning a mobile banking activity.

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

PYMNTS

OCTOBER 8, 2018

launched its Faster Payments scheme, after the regulator said the banks had to comply, but has amped up ever since, as regulators in a few other countries have followed in the U.K.’s Largely immune to external threats like weather, driver fatigue and driver shortages, railroads can also mitigate delivery delays and uncertainty.

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B2B Same Day ACH Payments ACH 76

PYMNTS

FEBRUARY 18, 2019

A contrarian, so says the dictionary , is someone who feels comfortable pushing back against the status quo, inevitably associated with going against the grain. A contrarian, so says the dictionary , is someone who feels comfortable pushing back against the status quo, inevitably associated with going against the grain.

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Push-to-Card Online and Mobile Banking Consumer Government 67

PYMNTS

APRIL 22, 2019

However, we are living in an era when the physical is giving way to the digital, when data is becoming a more valuable commodity than oil — and when an increasing number of consumers, including those who’ve displayed decades of loyalty to their local credit unions, are demanding more mobile banking products. Role Of Tradition.

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Credit Union Push-to-Card Innovation Consumer 53

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Virtual card issuance. Business lending and corporate cards. Supporting merchant partner growth. Growing the internet economy.

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Online and Mobile Banking Payment APIs and Integration Payments Push-to-Card 98

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.

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Faster Payments Real Time Payments Same Day ACH Payments 78

PYMNTS

OCTOBER 7, 2019

The questions are about how is this going to work, what are regulators going to do, how are consumers going to react to the emerging field of choices. They log in to the biller’s site or banking apps, and arrange payment via a direct debit. Today, more than 90 percent of U.K.

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Instant Payments Real Time Payments Payments RTP 67

PYMNTS

FEBRUARY 17, 2017

Santander first rolled out its mobile banking app’s voice technology functionality last year, though its capabilities were much more limited in scope. high street bank to enable customers to make payments using just their voice, offering them another channel of choice in how they wish to bank.”.

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Privacy Laws Push-to-Card Social Security 43

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. Lock, stock and barrel. s ATM network.

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Visa Faster Payments ACH Non-Bank 43

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. Disbursements.

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

Fintech Labs Insights

JULY 16, 2015

Alfa-Bank’s Sense Financial Advisor brings personalization to larger universal banks by using big data analysis and artificial intelligence. The Buzz Points mobile app and merchant portal benefits local financial institutions and local businesses by creating a currency to incentivize account holders.

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Online and Mobile Banking Payment APIs and Integration Advisors Push-to-Card 26

PYMNTS

JULY 8, 2019

Regulators, particularly in the nations with the largest swaths of unbanked consumers, will say it offers users no easy way to cash in, cash out or reliably spend the Libra currency. At this point, despite a lot of challenger banks rolling out offerings in these areas as “cutting edge” or “innovative,” the reality is they aren’t.

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Push-to-Card Innovation Cross-Border Authorization 70

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.

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Data Breach Breach Debit Card Push-to-Card 40

PYMNTS

JANUARY 7, 2019

And, yes, this likely sounds blasphemous from someone who’s been beating the mobile payments drum since 2005, well before the iPhone and the App Store changed how consumers, retailers and payments players all use mobile devices. Mobile handsets have made commerce possible anywhere a consumer, handset in hand, wants to buy something.

Online and Mobile Banking 82

Online and Mobile Banking Mobile Payments Innovation Consumer 82

The Fintech Times

JANUARY 18, 2025

We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financial inclusion and helping people develop healthy financial habits. However, becoming a fintech that genuinely does ‘good’ is far more complex than simply deciding to do so.

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FinTech Financial Inclusion Underserved Cybersecurity 59