PYMNTS

JULY 31, 2020

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. the San Francisco-based online bank, had the last laugh. On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter.

National 172

National Fintech San Francisco Connecticut 172

PYMNTS

APRIL 19, 2017

However, the one missing piece that these automated banking features lack is a real human being to interact with during a transaction. The company’s new technological development is intended to bring back the human component to customer service without relying on actual people. An Oscar-Worthy Banking Solution?

Digital Banking 180

Digital Banking Technology Meeting Samsung 180

PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. Technologies like video onboarding and AI have shown promise in facing this threat, but each is vulnerable when deployed alone.

Technology 208

Technology Report Fraud Study 208

PYMNTS

SEPTEMBER 11, 2019

The push toward digital banking seems an inexorable one, with the technology and demographics acting as tailwinds, and where governments have increasingly gotten into the act of promoting digital banks (the pure-play kind) and making forays into bits and bytes, where once paper and face-to-face transactions reigned.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

Chris Skinner

JULY 22, 2020

I’ve seen a few big deals signed this month to get banks onto the cloud, such as National Australia Bank (NAB) switching to Microsoft’s Azure, and Deutsche Bank moving to the Google Cloud. appeared first on Chris Skinner's blog.

Google 488

Google National Digital Banking Innovation 488

PYMNTS

OCTOBER 11, 2018

Europe’s largest banks have landed in the hot seat, thanks to a recent Fortytwo Data report that found 90 percent had been sanctioned for money laundering activities. Now, a new report is shining a spotlight on European banks’ lackluster performance in another area: small business (SMB) services.

Digital Banking 172

Digital Banking Survey Online Report 172

PYMNTS

SEPTEMBER 24, 2019

The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades. The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV.

Digital Banking 109

Digital Banking NV Cyber Security Innovation 109

PYMNTS

JUNE 26, 2020

This is because many legacy FIs in particular are still reliant upon legacy infrastructure, which is simply not designed to handle the sheer volume of data generated in today’s digital banking sphere. The Tracker also analyzes how the use of cloud technology can help FIs stay on top of that shift. customers in late May.

Meeting 227

Meeting Mobile Digital Banking Tools 227

PYMNTS

NOVEMBER 30, 2020

Digital banking firm Emirates National Bank Dubai (Emirates NBD) has rolled out its new businessONLINE platform, a new omnichannel platform for small businesses, a report from NSBanking.com says. To Rio Tinto, the focus should be on remaining competitive through speed and a focus on technology.

Digital Banking 215

Digital Banking Regional System Technology 215

Abrigo

DECEMBER 26, 2024

Compliance will be further complicated for some institutions moving from intermediate to large bank status or expanding markets. Those changes require upgraded technology and staffing efforts. More institutions will look to technology for help. Consequently, cybersecurity will be an ongoing priority.

Fraud 195

Fraud Compliance South Dakota Resources 195

PYMNTS

MAY 27, 2020

CU branches across the United States have temporarily closed to help slow the spread of contagion, forcing CUs to find new ways to engage with their members via connected technologies, from mobile devices to laptops and especially ATMs. Developments From Around The CU Ecosystem. About The Tracker.

ATM 243

ATM Innovation Meeting United States 243

PYMNTS

MAY 14, 2020

To bolster global payments for businesses throughout the world, EMQ launched its new enterprise payment technology with same-day settlement functions in local currencies throughout eight countries. The SCB payment platform would work with the EMQ network to reportedly provide secure and cost-effective cross-border offerings.

System 255

System Payments America Security 255

PYMNTS

DECEMBER 10, 2019

Tencent’s WeBank , which is a digital bank in China that provides loans to individuals and small businesses, will be the technical infrastructure provider for China’s national blockchain network, according to a report by Coindesk.

blockchain 148

blockchain Technology Bitcoin National 148

PYMNTS

FEBRUARY 21, 2018

In the February edition of the Digital Banking Tracker , a Feedzai Collaboration, PYMNTS explores the latest developments surrounding AI and machine learning in the financial services space. Around the Digital Banking world. Meanwhile, Emma Technologies LTD has celebrated an AI milestone. contact-form-7].

Digital Banking 163

Digital Banking Fintech Software Operations 163

PYMNTS

OCTOBER 21, 2020

In an interview with Karen Webster, the European Banking Federation’s ( EBF ) Alexandra Maniati , Director of Cybersecurity & Innovation, said the European banking industry is, increasingly, embracing the cloud to pivot to new financial services and products across the Continent.

Data 317

Data Regulation National Examples 317

CFPB Monitor

JUNE 25, 2020

The OCC has issued an Advance Notice of Proposed Rulemaking (ANPR) seeking comments in connection with a comprehensive review of its regulations on electronic activities of national banks ( 12 CFR part 7, subpart E ) and federal savings associations ( 12 CFR part 155 ). Comments on the ANPR must be received by August 3, 2020.

National 103

National Regulation Innovation Technology 103

PYMNTS

SEPTEMBER 28, 2020

This week's look at the latest in bank-FinTech collaboration and open banking initiatives finds treasury management in the spotlight. Plus, a new challenger bank in Italy has plans for the nation's largest open banking platform. HighRadius & Commerce Bank. Illimity & HYPE.

Fintech 204

Fintech Tools Groups Management 204

Jack Henry

SEPTEMBER 11, 2023

I grew up in a small town before regional or national banks were common (or even allowed). Banking was synonymous with community, and walking through the doors of my local branch to deposit my paper route earnings meant conversations with tellers and managers that I’d known – quite literally – my entire life.

Digital Banking 109

Digital Banking Regional Community National 109

Accenture: Banking

OCTOBER 24, 2016

We’ve partnered with Lloyds Bank on its UK Business Digital Index (BDI) for the last three years. It’s a fascinating project, tracking the digital maturity of SMEs and charities year-on-year across the country. We all know large companies are embracing. Read more.

National 150

National Company Banking Trends Trends 150

PYMNTS

OCTOBER 29, 2020

Small business lending platform BlueVine is the latest FinTech to take this path, having taken the wraps off of its banking solution this week with the launch of BlueVine Business Banking. First Horizon Bank Adopts NCR Technology. That’s a critical advantage in the new normal.".

US 203

US Fintech Tennessee Compliance 203

Perficient

DECEMBER 2, 2020

“Having a Balance With a Bank Doesn’t Make You a Customer.”. Our financial services team recently spoke with the great Jim Marous, the co-publisher of The Financial Brand and the publisher of the Digital Banking Report. One happens to be a national bank that I’ve been with for as long as I can remember.

Data 294

Data Customer Experience Case Study Branding 294

PYMNTS

DECEMBER 11, 2020

PYMNTS’ December 2020 Digital Identity Tracker® , done in collaboration with Jumio , delves with enthusiasm and deep detail into the burgeoning field of video-based KYC , highlighting a number of compelling use cases from around the world that showcase its effectiveness.

Video 204

Video Security National Digital Banking 204

PYMNTS

DECEMBER 17, 2019

HSBC has announced an expanded partnership with Open Banking technology firm Bud in its latest Open Banking initiative, a according to a press release. A press release announcing the pilot also revealed that Metro Bank plans to expand the integration’s capabilities into services like invoicing and bookkeeping.

Metro 136

Metro Regional Fintech National 136

PYMNTS

NOVEMBER 30, 2020

Plus, Emirates National Bank Dubai (Emirates NBD) has rolled out its businessONLINE omnichannel platform for small firms. Emirates NBD Debuts Omnichannel Corporate Banking Program. Some of the functions include integration with many technology partners. CSI, Featurespace Team up to Fight Money Laundering.

National 148

National cryptocurrency Digital Banking Fraud 148

PYMNTS

OCTOBER 9, 2020

The worldwide COVID-19 pandemic has accelerated cashless payments and highlighted the impact of technology on how money is exchanged, Jon Cunliffe , deputy governor at the Bank of England (BoE) and chair of a BIS committee on payments, said in a Reuters report on Friday (Oct.

Cleveland 262

Cleveland Boston Survey National 262

PYMNTS

NOVEMBER 17, 2020

In today’s top news in digital-first banking, Transcard is rolling out an account-to-account (A2A) offering, while Banco Santander has closed a deal for Wirecard’s technology infrastructure. Plus, Revolut announced the debut of open banking for German users. Transcard Unveils New Account-To-Account Payments Solution .

Payments 208

Payments Google Conference Technology 208

Chris Skinner

FEBRUARY 22, 2017

If a bank needs to do KYC, I give permission for a validation of my name, address and nationality to the bank to my identity data – just those parts they need to access – for a period of up to 24 hours.

America 262

America Data Analysis System 262

PYMNTS

JULY 24, 2020

As a CU for the United Nations community, however, United Nations Federal Credit Union (UNFCU) holds a unique, global perspective into the role that these financial institutions (FIs) can play to support payments innovation on multiple fronts. .

Innovation 201

Innovation Payments Leadership National 201

PYMNTS

DECEMBER 10, 2020

PYMNTS research found that fi­nancial institutions (FIs) in the United States alone saw a 60 percent increase in the amount of consumers who downloaded mobile banking apps in April and May, for example. Developments From Around The World of Digital-First Banking. PYMNTS research found that 21.6

ATM 233

ATM Tools Study Mobile 233

PYMNTS

JUNE 26, 2020

Brazil Central Bank Cites Lack Of Competition In Shutting Down WhatsApp Payments. The central bank of Brazil has reportedly halted WhatsApp’s payment functionality in the nation, pointing to antitrust concerns. Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust . Mastercard Inc.

Apple 231

Apple Payments Meeting Conference 231

NCR

JULY 31, 2017

As we explored in the first part of this two-part guide, digital banking fraud is an escalating threat to financial institutions and their customers. Digital banking fraud can take many forms, such as identity fraud and account takeover , which are becoming increasingly common. million in 2016.

Fraud 74

Fraud Digital Banking social media Security 74

PYMNTS

JANUARY 29, 2019

The site, quoting Ayman Hussein, sub-governor of the bank for payment systems and information technology, said the central bank is eyeing the creation of digital banks. banks) – has joined a $30 million investment round that brings funding to Finxact.

Fintech 145

Fintech Cards System Groups 145

PYMNTS

JUNE 5, 2020

Citi ‘s Treasury and Trade Solutions (TTS) customers have increased their utilization of the firm’s digital banking technology, while firms globally implemented continuity plans and telecommuting to stay in operation amid the pandemic. Digital onboarding is more complicated for corporates than consumers.

Report 132

Report Online National Taxes 132

PYMNTS

OCTOBER 8, 2020

one of the biggest payments processors in the world, one of the top 3 banks in Brazil, one of the big four banks in Australia, the largest national card processor in Europe, and several others),” according to the release. Co-founder and CEO Nuno Sebastiao contrasted his company’s experience with those of others.

Report 247

Report Fraud Risk Management America 247

PYMNTS

JANUARY 13, 2021

As it stands, PSCU works with CUs throughout the nation and helps with more than 5.4 Vietnam’s MoMo, the digital wallet company, has raised $100 million from a collection of six investors co-led by Goodwater Capital and Warburg Pincus. billion transactions annually.

Digital Banking 141

Digital Banking ATM Capital Regional 141

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.

Digital Banking 127

Digital Banking Tools ATM Technology 127

PYMNTS

SEPTEMBER 21, 2020

Purdue Federal aimed to offer members, a large proportion of which are students, graduates, professors or staff of Purdue University, with “the most innovative digital banking tools,” according to the announcement. Payrailz is focused on digital payments and works with CUs and banks across the nation.

Payments 159

Payments Indiana Innovation Meeting 159