PYMNTS

NOVEMBER 8, 2018

PayPal Working Capital will launch in Germany as PayPal Businesskredit, offering small and medium-sized businesses access to working capital financing that is deposited directly into their PayPal accounts. ” German SMBs can apply for the working capital from PayPal online via their existing PayPal accounts. and Australia.

Capital 194

Capital Lending Operations Online 194

PYMNTS

DECEMBER 29, 2020

CUs’ production units could not afford to miss deadlines with members’ financial needs at stake, said Nancy McNeill , senior vice president of Operations at Coast Capital Savings Federal Credit Union. Digital Banking's Rise In The CU Space. The CU — And CU Branch — Of The Future.

Capital 190

Capital Operations Mobile Innovation 190

PYMNTS

NOVEMBER 24, 2020

Digitization also allows CUs to compete more effectively with traditional, larger FIs that have relatively stronger capital positions to invest in new products and services. To counter banks’ inherent capital advantages, CUs can link with FinTechs to address members’ needs on a case-by-case basis, Lotz said.

Digital Banking 267

Digital Banking Analytics Mobile Cards 267

Bank Innovation

DECEMBER 15, 2017

Another digital banking startup has raised funding this week, this time to expand a current account offering aimed at students and millennials. Loot, a startup begun in 2014 by founder Ollie Purdue — who was finishing up school at the time of the company’s founding — has raised £2.2 million, or about $2.9 million, in […].

Digital Banking 191

Digital Banking Millennials Capital Mobile 191

Bank Innovation

AUGUST 5, 2016

Banks only care about millennials, right? Not really, though marketing about digital efforts may make it appear that way.

Capital 150

Capital Online Millennials Tools 150

Perficient

MAY 26, 2021

RevTech Labs alumni have raised over $2 billion in venture capital and have had more than $230 million in company exits. Jamie Warder, EVP & Head of Digital Banking, KeyBank. Bridgit Chayt, SVP Director Commercial Payments & Treasury Management, Fifth Third Bank. Kim Snipes, CIO Consumer and Digital, KeyBank.

Fintech 462

Fintech North Carolina Charlotte Conference 462

PYMNTS

FEBRUARY 21, 2020

The LendingClub announcement follows the news that mobile bank Varo received approval from U.S. regulators to secure a national bank charter, in turn clearing the runway for the entity to accept consumer deposits.

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

PYMNTS

OCTOBER 23, 2020

Capital One reported on Thursday (Oct. These behaviors are amplified by the cumulative effect of stimulus and widespread forbearance across the banking industry,” Founder, Chairman and Chief Executive Officer Richard D. Capital One said its domestic cards’ average loans fell 6 percent compared to Q3 2019 to $97.3

Capital 175

Capital Report Cards US 175

PYMNTS

JANUARY 26, 2020

British banking unicorn Monzo is in talks with Japanese investment conglomerate SoftBank for financial assistance in its growth plans into the U.S. The digital bank is looking to raise around £100 million (nearly $ 130.6 The London-headquartered bank raised £113 million in June from the U.S. million USD) in new funding.

Los Angeles 193

Los Angeles Capital Digital Banking Fintech 193

BankUnderground

JANUARY 12, 2021

Understanding gross capital flows is crucial for both macroeconomic and financial stability policy. However, theory is lagging behind empirical work , as much of the literature continues to rely on net capital flow models developed many decades ago. Gross capital inflows and outflows of individual economies are highly correlated.

Capital 144

Capital Policies US Examples 144

PYMNTS

NOVEMBER 24, 2020

Digital banking platform HMBradley announced on Tuesday (Nov. The funding, which was led by Acrew Capital , will also be used to expand its customer offerings, the bank said in a press release emailed to PYMNTS. 24) that it has raised $18.25 million in a Series A funding round to accelerate its credit program.

Digital Banking 141

Digital Banking Cards Capital Branding 141

PYMNTS

AUGUST 22, 2019

Banks are not just competing for customer engagement and retention — they are also vying for funding and resources as they overhaul their infrastructure and banking tools. The latest Digital Banking Tracker examines how legacy institutions stay competitive with challenger banks. Competition Can Lead to Innovation.

Digital Banking 166

Digital Banking Mobile Study Data 166

PYMNTS

JUNE 3, 2020

The COVID-19 crisis continues to upend the economy, including even the world of digital banking. As previously reported in this space, the Monetary Authority of Singapore (MAS), the country’s central bank, announced its intention to issue five digital banking licenses last year. That was before the pandemic hit.

Digital Banking 131

Digital Banking Groups Retail Strategy 131

Bank Innovation

JANUARY 28, 2020

As digital banks strive to lock in customers, a Texas-based newcomer to the industry is betting on travel miles as an incentive. Bask Bank, a fee-free digital savings bank created and funded by Texas Capital Bank, launched earlier this week with “thousands of customers.”

Texas 221

Texas Digital Banking Capital Industry 221

PYMNTS

DECEMBER 29, 2019

million customers in 2019, offering those users a mobile app bank account and a distinctively-colored coral credit card. Revolut, a rival digital bank, is thought to be in talks to raise similar amounts of funding from investors that could value their company up to $10bn. RBS released Bó, yet another digital banking app.

Capital 143

Capital United States Digital Banking Online 143

Chris Skinner

FEBRUARY 16, 2020

Things we’re reading today include … China disinfects banknotes and quarantines them for 14 days Brexit: Britain and EU ‘will rip each other apart’ in trade talks Former Morgan Stanley president slams Europe’s capital markets Climate change could make premiums unaffordable: QBE Insurance UK digital bank Monzo plans to hire … (..)

Digital Banking 260

Digital Banking Capital Marketing 260

Bank Innovation

APRIL 26, 2019

Capital One Financial plans to complete the exit from its data centers and to go fully into the public cloud by the end of 2020, Chairman and CEO Richard Fairbank said during the bank’s first-quarter earnings call on Thursday. based bank is expecting its full-year operating efficiency ratio to improve to 42% in […].

Capital 170

Capital Operations Data Digital Banking 170

PYMNTS

FEBRUARY 14, 2020

Venture capital funding rounds this week showed some concentration on the continent, with several announcements tied to Europe. Additional participation came from ERA, 645 Ventures, Stage 2 Capital and Green Visor Capital. million USD) in a Series B funding round, led by NGP Capital and ETF Partners. Starling Bank.

Digital Banking 131

Digital Banking Capital Risk Management Operations 131

Abrigo

FEBRUARY 26, 2025

Community banks have a unique opportunity to strengthen their deposit base by embracing digital transformation, optimizing customer engagement, and enhancing their product offerings. By offering tailored solutions, community banks can strengthen relationships with local businesses while growing deposits.

Community Bank 195

Community Bank Community Strategy Analytics 195

PYMNTS

JANUARY 11, 2021

In today’s top digital-first banking news, British challenger bank Revolut is seeking a U.K. financial services license, while Capital One has agreed to join Fiserv’s surcharge-free MoneyPass ATM network. Plus, the Reserve Bank of New Zealand revealed on Sunday (Jan. 10) that it had been hacked.

ATM 145

ATM Capital Digital Banking National 145

Bank Innovation

AUGUST 23, 2018

Consumers want banks to do more than just hold their money, they want their banks to help them meet their financial goals. In fact, a new consumer report by CSI shows that 83% of American consumers agree with that statement. That number jumped to 87% for consumers with an annual household income of $100,000 or […].

Digital Banking 236

Digital Banking Meeting Report America 236

PYMNTS

JULY 28, 2019

Small and medium enterprises are really the boiler room of the economy,” said Keith Pogson, a senior partner in charge of banking and capital markets at Ernst & Young LLP in Hong Kong, according to Bloomberg. “It It used to be a segment that banks thought was too difficult and too risky.

Digital Banking 198

Digital Banking Lending Risk Management Mobile 198

PYMNTS

JANUARY 13, 2021

Brazil’s Nubank has also been boosted by pandemic demand for digital banking, Co-Founder Cristina Junqueira told the Reuters conference. Junqueira said the health crisis has pushed many Brazilians to engage in digital banking for the first time, particularly to receive government stimulus payments.

Digital Banking 156

Digital Banking Conference Lending Payments 156

Bank Innovation

FEBRUARY 5, 2020

As consumers increasingly expect to complete bank interactions online, a survey commissioned by Lightico indicates that creating end-to-end digital journeys continues to be a struggle for many banks.

Survey 221

Survey Digital Banking Online Company 221

PYMNTS

JUNE 17, 2020

“Once your credit score improves, you get access to capital loans at a lower rate, which then frees up more cash [over time],” Nazari said. The joint efforts of Credit Sesame (with 16 million registered members) and STACK will combine credit management and digital banking — with digital wallets — across a single platform.

Digital Banking 143

Digital Banking Management Cards Survey 143

PYMNTS

OCTOBER 9, 2020

In today’s top news in digital-first banking, the government of the Philippines is considering limiting the number of digital banks that run in the country, while Ripple introduced its Line of Credit beta offering. Philippine Government Considers Digital Bank Limits.

Digital Banking 132

Digital Banking cryptocurrency America Meeting 132

PYMNTS

DECEMBER 1, 2019

million) from Global Founders Capital. This is not the first banking account designed for teenagers. based Starling Bank, a mobile-only bank, rolled out current accounts for 16- and 17-year-olds. Pixpay also has an educational vocation because “teens do not necessarily know what is the value of money,” Ménager said.

Digital Banking 151

Digital Banking ATM Cards Capital 151

Chris Skinner

MAY 12, 2017

In his recent visit to Karachi for a training workshop organized by Terrabiz group, BR Research had an interesting discussion with him on the digital revolution, the future of the banking industry, and its potential in Pakistan. BRR: How critical are the capital requirements? Below are edited transcripts of the transcription.

Regulation 255

Regulation Capital Fintech Innovation 255

PYMNTS

SEPTEMBER 11, 2019

That license will let the challenger bank launch banking operations, regulated by both the PRA and the Financial Conduct Authority. Allica said in the announcement that it acts as a “bespoke bank for SMEs,” targeting small and medium-sized.

Digital Banking 177

Digital Banking Regulation Payments cryptocurrency 177

South State Correspondent

JULY 24, 2024

” This banker may even be thinking of starting a completely new digital bank using a high-yield account as its flagship product. Not everyone needs rewards points, instant payments, or weekend service, but everyone needs cheap capital and more income. The logic that “rate sells itself” is true.

South Carolina 417

South Carolina Marketing Capital Idaho 417

Bank Innovation

AUGUST 30, 2017

SaaS-based digital banking platform Urban FT said that troubled cloud-based SaaS technology provider, Digiliti Money has rejected its takeover offer of $10.5

Digital Banking 207

Digital Banking Capital Technology Marketing 207

PYMNTS

SEPTEMBER 11, 2019

Kuda, Nigeria’s first digital-only bank with a standalone license, has raised $1.6 Unlike other FinTech startups, Kuda was granted a banking license from the Nigerian Central Bank. million in pre-seed funding led by Haresh Aswani, as reported on Wednesday (Sept.

Digital Banking 181

Digital Banking Fintech Google Software 181

PYMNTS

DECEMBER 17, 2020

Kakao Bank Corp. , a South Korean digital bank, has chosen Credit Suisse and KB Investment & Securities as its advisors for its upcoming initial public offering (IPO), Reuters reported. The bank's most current valuation is estimated to be around 10 trillion won ($9.1 Kakao Pay , the FinTech arm of Kakao Corp.

Samsung 243

Samsung Digital Banking Security Fintech 243

PYMNTS

AUGUST 11, 2020

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. Other investors included Menlo Park, California-based TCV and Index Ventures , the global venture capital firm with dual headquarters in San Francisco and London, along with half a dozen others.

San Francisco 239

San Francisco Fintech Digital Banking California 239

Bank Innovation

DECEMBER 4, 2019

Koho, a Toronto-based digital banking startup, is on track to expand its product suite to include credit and savings products in 2020, CEO Daniel Eberhard told Bank Innovation on Wednesday. In late November, the […].

Tools 332

Tools Digital Banking Innovation Cards 332

PYMNTS

NOVEMBER 24, 2020

FinTech, digital banking, saving, N26, banking, news, what's hotGerman FinTech N26 is launching a subscription-based digital banking suite to help individuals and businesses better manage their savings and spending. N26 is the pioneer of a freemium subscription model in banking. Value d at $3.5

Tools 231

Tools Management Digital Banking ATM 231

PYMNTS

MARCH 31, 2020

Tokyo, Japan’s digital banking startup Kyash has closed a $45 million Series C funding deal co-led by Greenspring Associates and Goodwater Capital, Kyash said in a statement on Sunday (March 30). Goodwater Capital also invested in Kyash’s Series B Round. growth equity investment firm Greyhound Capital; U.S.

Fintech 201

Fintech Capital Groups ATM 201