Search Results for: Traditional banks

Banking Featured Finance Fintech Security

How Are Open Banking APIs Levelling the Playing Field for Traditional Banks?

Prajakta Ayade
by Prajakta Ayade0
The financial industry has seen significant disruption from fintech companies and neobanks, which benefit users by offering advanced technologies and customer-centric services. To keep pace, traditional banks are increasingly adopting Open Banking APIs (Application Programming Interfaces), a transformative technology that enables them to compete more effectively by fostering innovation, enhancing......
Pathward Partners With Propel to Launch New Line of Credit for Consumers Overlooked by Traditional Banks
Lending News

Pathward Partners With Propel to Launch New Line of Credit for Consumers Overlooked by Traditional Banks

Business Wire
by Business Wire0
Lending as a Service partner and fintech, Propel, will service new Pathward consumer loans Pathward, N.A., a national bank driven by its purpose to power financial inclusion, is adding a new line of credit to open access for credit challenged consumers. While credit options are abundant for some consumers, others......
Africa’s Fintech Transformation: Traditional Banks Can Still Gain an Edge
Digital Payments Fintech News

Africa’s Fintech Transformation: Traditional Banks Can Still Gain an Edge

Fintech News Desk
by Fintech News Desk0
This latest report in CR2’s Market Insight series discusses how Africa represents a massive market that is providing opportunity for investors to bring large segments of the continent’s unbanked online DUBLIN, Ireland, November 10, 2021/ — Africa is in the midst of a fintech transformation. Millions of Africans are now......
Fintechs vs. Traditional Banks: Frost & Sullivan Uncovers Who Will Survive the COVID-19 Business Disruption
Banking Fintech News

Fintechs vs. Traditional Banks: Frost & Sullivan Uncovers Who Will Survive the COVID-19 Business Disruption

Fintech News Desk
by Fintech News Desk0
Webinar looks at how this massive transformation will impact consumer preferences for traditional banks and fintechs The COVID-19 pandemic has forced banks to accelerate their digital transformation initiatives, with some banks achieving their full-year plan in the first half of 2020. But, by doing this, have they secured their future?......
European Banks Say That Traditional Money Management Tools Are Not Meeting Expectations
Digital Finance News

European Banks Say That Traditional Money Management Tools Are Not Meeting Expectations

Fintech News Desk
by Fintech News Desk0
New report reveals: Fewer than 50% of banks’ customers are engaging with traditional PFM and money management tools Personetics, the global leader in financial data-driven customer engagement for financial services released a report titled Spotlight On Europe: Banks Need To Nurture Customers’ Financial Well-Being. The report, based on a study conducted by Forrester......
BankShift Launches Free Trial To Manage Traditional Financial Accounts and Coinbase Wallet In One App
Banking Digital Fintech Mobile Banking News

BankShift Launches Free Trial To Manage Traditional Financial Accounts and Coinbase Wallet In One App

Fintech News Desk
by Fintech News Desk0
Managing money should be easy and safe, no matter where you are or who you bank with. Poised as the solution to multiple logins, expensive transfers, and disparate user experiences across financial institution apps, BankShift puts it all together while protecting the data and privacy of every-day people. ShiftSense Co-Founder......
Banks and Title Companies Grow Using the Bank Shot App: Bank Shot Payment Solution Benefits Versus the Traditional ACH Transaction
Banking Fintech News Risk Management

Banks and Title Companies Grow Using the Bank Shot App: Bank Shot Payment Solution Benefits Versus the Traditional ACH Transaction

Fintech News Desk
by Fintech News Desk0
Fraud in banking transactions(Banks), especially wire transfers, have become an increasingly serious issue in regard to unrecoverable loss of funds and overall risk. Bloomberg Business reports that cyber-criminals steal as much as $1 billion a year this way. Read More: COVID-19 and Automation are Changing Finance for Good Bank Shot......
New FIS Research Shows Consumers Leaning on Social Media for Financial Advice, Giving Banks an Opportunity to Avoid a Generational Trust Cliff
Finance Fintech News

New FIS Research Shows Consumers Leaning on Social Media for Financial Advice, Giving Banks an Opportunity to Avoid a Generational Trust Cliff

Business Wire
by Business Wire0
New survey reveals significant shift in relationship between younger generations and traditional financial institutions as trust in financial advice from social media grows. According to the survey, social media has become the primary source of financial advice for younger generations, which can promote unrealistic comparisons and financial insecurity. FIS, a......
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