PYMNTS

APRIL 28, 2020

These shifts have made digital banking and debit transactions more important than ever. Pandemic Puts Digital Banking in the Spotlight. Consumers complying with stay-at-home orders are turning to digital banking services to help them manage their finances while avoiding public spaces like bank branches.

Digital Banking 238

Digital Banking Los Angeles Cards California 238

Bank Innovation

JUNE 6, 2019

JPMorgan Chase's millennial-friendly digital banking app Finn is shutting down, just one year after it rolled out nationally. The […].

Digital Banking 199

Digital Banking Millennials National Security 199

Bank Innovation

FEBRUARY 2, 2018

As online banking becomes more popular, countries are grappling with cybersecurity. In Denmark, the advent of digital banking also saw almost a 60% jump in card fraud, Bloomberg reported yesterday.

Fraud 246

Fraud Digital Banking Cards Online 246

Bank Innovation

APRIL 9, 2018

EXCLUSIVE – Interested in the latest trends in payments, digital banking, blockchain technology, API, security, big data and all the other hot topics in the fintech space? Come join Bank Innovation’s Telegram Group.

Innovation 360

Innovation Big Data blockchain Trends 360

PYMNTS

JULY 29, 2019

To accommodate this shift and the nation’s growing number of internet and smartphone users, tech giants like Amazon and Facebook are launching digital banking solutions focused on mobile devices. Other FIs are turning to chatbots as more consumers embrace digital banking, too.

Digital Banking 181

Digital Banking Fraud Mobile ATM 181

PYMNTS

JUNE 16, 2020

Branch , the digital bank startup, is branching out. Consumers deserve fast and flexible mobile banking services that adapt to their needs,” said Branch CEO Atif Siddiqi in a statement. This trend could be here to stay. Nearly three quarters of respondents, 74 percent, said they will continue to use contactless post-pandemic.

Digital Banking 199

Digital Banking Mobile Los Angeles San Francisco 199

PYMNTS

NOVEMBER 17, 2020

Lumin Digital announced today (Nov. 17) that it will provide Los Angeles Federal Credit Union (LAFCU) with its cloud-based online and mobile digital banking platform, according to a press release emailed to PYMNTS. We are pleased they chose us as that partner.”.

Los Angeles 192

Los Angeles Digital Banking Analytics Mobile 192

PYMNTS

NOVEMBER 24, 2020

Credit unions have had to reach out with messaging to walk consumers through new ways of using their accounts, taking advantage of various digital financial offerings or understanding how CUs have been protecting financial data. Convenience matters, too.

Digital Banking 267

Digital Banking Analytics Mobile Cards 267

Gonzobanker

JUNE 20, 2024

According to Cornerstone’s Digital Banking Performance Metrics study, the percentage of new accounts opened in digital channels dropped for the second straight year. That’s not what’s happening with digital banks and fintech firms. Some digital banks in the U.K., Nor is it a winning strategy.

Digital Banking 172

Digital Banking Fintech Innovation Strategy 172

PYMNTS

DECEMBER 4, 2020

4) chose four firms to receive digital banking licenses, including “digital full bank” licenses for Singapore-based Sea Ltd. to receive “digital wholesale bank” licenses. to receive “digital wholesale bank” licenses. MAS expects the new digital banks to commence operations in early 2022.

Digital Banking 164

Digital Banking Groups Meeting Fintech 164

PYMNTS

FEBRUARY 26, 2020

Digital banking provider Bankjoy and financial literacy education app Zogo are partnering to that end by shifting CU offerings to focus less on sales and more on financial education, which Generation Z customers tend to value more. The partnership is also intended to help RBFCU staff provide targeted products and services to members.

Nevada 192

Nevada Security Innovation Data 192

PYMNTS

FEBRUARY 21, 2020

FinTech has bought a bank, and it shows how digital-first firms can broaden their scale and reach with cross-pollination across financial offerings. The LendingClub announcement follows the news that mobile bank Varo received approval from U.S.

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

PYMNTS

JANUARY 27, 2021

This increased digital presence also brings a greater risk of digital fraud, however. Some schemes that are impractical to wage in person are simpler to perpetrate online because of a decreased security presence, the anonymity of transactions and fraudsters’ abilities to stage hundreds of attacks simultaneously.

Security 213

Security Innovation Fraud Study 213

PYMNTS

JANUARY 18, 2021

Contactless payments have surged in popularity over the past year, fueled by both an increased reliance on digital banking as well as the effort to contain COVID-19’s spread by preventing consumers and workers from having to touch point of sale (POS) system surfaces or handle cash. Challenges In Deploying QR Codes.

Security 209

Security Payments System Retail 209

PYMNTS

JUNE 24, 2020

Launched in 2005, Zopa is considered one of the world’s first P2P lenders — and in late 2018, it became the first P2P lender to be granted a conditional banking license by the Financial Conduct Authority (FCA), with plans for its digital bank offering to include a fixed-term savings product, a credit card and a money management app, the report said.

Security 215

Security Capital Cards Report 215

PYMNTS

APRIL 24, 2020

Ensuring that customers can access fast and secure services is critical and one of the many reasons legacy and challenger banks alike are shifting how they view many processes. The introduction of innovative infrastructures and features will keep entities competitive as digital banking becomes broader and more complex.

Digital Banking 207

Digital Banking Cards Tools Examples 207

PYMNTS

MAY 1, 2020

have passed laws or implemented programs over the past two years to put more focus on digital banking and data security, fundamentally changing how online transactions work. with ease, control and security.”. Consumer Trust Drives Open Banking . Financial institutions (FIs) and regulators in Singapore, the E.U.

Innovation 245

Innovation Regulation Digital Banking Security 245

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

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. Developments From Around The World Of Digital-First Banking. billion by 2024. billion by 2024.

Analytics 266

Analytics Fraud ATM Report 266

PYMNTS

MARCH 12, 2019

Digital banking customers of today aren’t looking for the bank with the newest features — they’re looking for the bank that can keep their data safe. Any security mishap can send customers to one of the other digital banking apps that are ready and waiting for them. Around the Digital Banking World.

Digital Banking 209

Digital Banking Fraud United States Security 209

Abrigo

FEBRUARY 26, 2025

watch webinar Embrace digital banking solutions Modern consumers expect seamless, convenient banking experiences, and the benefits of online/digital account opening are clear. Conclusion As banks continue to navigate shifting economic conditions, attracting and retaining deposits requires a strategic approach.

Community Bank 195

Community Bank Community Strategy Analytics 195

Gonzobanker

APRIL 11, 2023

It’s one of a banker’s worst nightmares: the digital banking conversion that was designed to improve the customer experience fails – locking users out of their accounts, not showing balances, making wire transfer features inaccessible… It recently happened to a $25 billion bank in the Midwest. And to all … a good night.

Digital Banking 147

Digital Banking social media System Customer Experience 147

Chris Skinner

MAY 6, 2020

Things we’re reading today include … Banking the rich and famous: the rise of private digital banks Bank of England expected to hold off on fresh stimulus for now Coronavirus threatens future of eurozone, Brussels warns Small firms secure £2bn in bounce-back loans in first 24 hours Virgin Money suspends … The post Things worth reading: (..)

Digital Banking 260

Digital Banking Security 260

PYMNTS

JANUARY 25, 2021

The banking industry is still grappling with the pandemic’s unprecedented effects, including a broad digital shift across numerous sectors. This increased digital engagement can create challenges, however, as it opens up new avenues for fraud in addition to making transactions more convenient for customers.

Fraud 235

Fraud Digital Banking Missouri Trends 235

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 billion).

Samsung 243

Samsung Digital Banking Security Fintech 243

Jack Henry

DECEMBER 16, 2024

Back in the early 2000s, I faced a devastating situation when the digital banking company I worked for experienced a massive data breach impacting hundreds of financial institutions. In the early days of digital banking, end-user adoption was very low.

Digital Banking 78

Digital Banking Fraud Trends Fintech 78

Bank Innovation

MAY 4, 2017

Consumers are becoming more comfortable with biometrics in banking—most are now actively asking for the capability to be included in their mobile and online banking experience. Almost 80% of customers want more biometric authentication methods in their digital banking (online and mobile) experience, according to a survey of 1,000 U.S.

Survey 308

Survey Digital Banking Mobile Online 308

PYMNTS

JANUARY 28, 2021

The latest Digital-First Banking Tracker® done in collaboration with NCR , notes that “FIs are devoting more money than ever to fraud prevention as more consumers go digital. Quick And Seamless Security. This development comes as 68 percent of fraud experts report increases in cybercrime over the past year.”.

Fraud 244

Fraud Survey Digital Banking Security 244

PYMNTS

JULY 1, 2020

“Migrating to cloud- and AI-based solutions could help FIs handle growing calls for faster banking tools during the COVID-19 pandemic, and recent trends show they are beginning to do so,” according to PYMNTS’ June 2020 Digital Banks And The Power Of The Cloud Tracker® done in collaboration with NuoDB.

System 268

System Digital Banking Tools User Experience 268

PYMNTS

MAY 28, 2020

Hispanic immigrants access digital banking services, according to a press release. Hispanic immigrants have access to actual banking services, the release states, citing an FDIC survey. Welcome Technologies is using Green Dot’s Banking-as-a-Service technology to create and optimize the features.

Mobile 248

Mobile US FDIC Survey 248

PYMNTS

JULY 27, 2020

Hackers boasting that they have “cracked” some of the hashed passwords stolen from digital banking aggregator Dave may be one of the most disturbing elements to emerge from the cyberheist that exposed the private information of millions of users, a top expert notes.

Data 246

Data Fintech Report Security 246

PYMNTS

SEPTEMBER 22, 2020

Consumers moved to digital banking in droves during the early months of the COVID-19 pandemic — it appears they are not moving back. Consumers pivoting to online banking are also more concerned over the privacy and security of their data, especially as fraud volumes creep up —and financial regulators are taking notice.

Compliance 191

Compliance Digital Banking Security Online 191

PYMNTS

OCTOBER 7, 2020

But by and large, with branch activities curtailed and lingering public health fears in place, banks have to offer a uniform, consistent and safe experience to all users, across all types of (online) interaction. That security layer itself is only as strong as the authentication process.

Mobile 245

Mobile Security Fraud Digital Banking 245

PYMNTS

SEPTEMBER 16, 2020

The shift is increasingly necessary as the digitization of payments and commerce continues to accelerate, especially with the tailwind of the pandemic in place. In the digital banking world, the customer expects a ‘customer-centric’ experience across channels,” Caldeira told PYMNTS.

Digital Banking 294

Digital Banking Software System Meeting 294

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic. Security Takes Center Stage.

Compliance 225

Compliance Regulation Guidelines Security 225

PYMNTS

MAY 29, 2020

In the May edition of the Digital Banks And The Power Of The Cloud Tracker , PYMNTS examines how both legacy and challenger FIs are using cloud technologies to enhance their online offerings. Why Cloud Computing Is Critical To Banking Innovation. For more on these and other stories, visit the Trackers News & Trends.

Digital Banking 230

Digital Banking Innovation Online Technology 230

PYMNTS

SEPTEMBER 17, 2019

About 40 percent of all ATO attacks now count as high-risk, meaning banks of all shapes and sizes must reexamine how they think about data protection, security and the tools they use to guard against emerging threats. Arou nd the Digital Banking World. digital bank Monzo. market debut. About the Tracker.

Fraud 196

Fraud Digital Banking Delaware Tools 196