Search Results for: Traditional banks

Banking Fintech Guest Posts

Banks Are Experiencing a Kodak Moment: Lessons Learned from a Fallen Giant

Johanna Pugh
Giants have fallen when they reacted too slowly to changing consumer needs. Kodak, despite developing the first digital camera, did not believe digital photography would dominate the market, and therefore did not leverage the opportunities their discovery offered. They chose to focus on film, not innovation, and fell after a......
Banking Blockchain Fintech Guest Posts

Bank Of The Future: How Banks And Fintechs Are This Decade’s Unlikely Duo

Vincent Bezemer
Rewind the clock (to say 35 years ago from today) and cinemas were opening for the first time to the iconic time-traveling antics of Back to the Future. Looking at Doc and Marty and knowing their contrasting personalities – one an eccentric inventor and one a streetwise kid – you......
OppLoans Teams Up with Experian®, Steady, and BillShark Furthering its Commitment to Social Impact
Banking Fintech InsurTech News

OppLoans Applauds Newly-Released Interagency Lending Principles for Banks and Credit Unions Offering Responsible Small-Dollar Loans

Fintech News Desk
Guidance further supports the need for financial institutions to provide access to loans for the 60 million credit-challenged Americans, while protecting consumers OppLoans, a leading financial technology platform that powers banks to serve middle income, credit-challenged consumers, applauds the release of the Interagency Lending Principles on small-dollar lending by the......
Banking Fintech Guest Posts

How the Crisis-Fuelled Digitization of Banks Will Spark Long-Term Customer Loyalty

Meenaz Sunderji
In the wake of COVID-19, most industries are adjusting their processes, operations and offerings to help support the needs of their customers. The steps organizations take now could lay the foundation for the next several years. For example, all eyes are on the banking industry. As the world navigates the......
Boom Commerce Completes Strategic Investment in POS Technology Leader Ovvi
Fintech Investment Services News Risk Management

Strategic Investment Advances Boom Commerce’s Strategy to Broaden Its Sponsor Bank Relationships and Support a Much Broader Range of Higher Risk/Non-Traditional and Higher Margin Merchants

Fintech News Desk
Boom Commerce announced that it has completed a strategic investment in G.O.A.T. Payments (“GP”) located in Westlake Village, CA. GP brings decades of experience acquiring, underwriting and supporting higher risk, higher margin and non-traditional merchant categories that require white glove attention and support, even more so now in light of......
COVID-19 is Digitally Transforming Commercial Lending; Banks See Mass Adoption of Businesses Applying for Paycheck Protection Program Loans Online
Banking Business Fintech News

Numerated Launches Forgiveness Automation After Partnering with 70+ Banks to Originate 5% of Paycheck Protection Program Loans

Fintech News Desk
Numerated, the financial technology company making it easy to purchase financial products from banks and credit unions, announced it has expanded its platform to automate Paycheck Protection Program loan forgiveness. As of , more than 70 banks and credit unions have used Numerated to launch digital lending for the Paycheck......
World FinTech Report 2020: FinTech Collaboration Is Even More Essential Now for Banks to Achieve Customer-Centricity
Banking Fintech News

World FinTech Report 2020: FinTech Collaboration Is Even More Essential Now for Banks to Achieve Customer-Centricity

Fintech News Desk
Banks that collaborate, embrace Open X and transform into Inventive Banks are most likely to prosper Capgemini and Efma  published the World FinTech Report 2020 revealing that despite a widening gulf between traditional banks on one side and BigTechs and challenger banks on the other, traditional banks have an opportunity to thrive in......
TurboTax to Help Millions of Americans Get Their Stimulus Payments With Launch of Free Stimulus Registration Product
Banking Fintech News

Corporate and Investment Banks Must Reinvent Themselves

Fintech News Desk
As Competitive Pressure Intensifies and Profitability Erodes, Small and Midsize CIBs Must Overhaul Business and Operating Models in Order to Remain Viable Corporate and investment banks (CIBs), facing rising challenges that the COVID-19 crisis has made even more pressing, must fundamentally transform themselves—targeting high-value clients, shedding subscale business lines, and......
ACI Worldwide Retail Banking Technology Honored at Fstech Awards
Banking Mobile Banking News Risk Management

ACI Worldwide Launches Advanced Machine Learning Capability to Dramatically Reduce Payment Fraud for Banks and Merchants and Their Customers

Fintech News Desk
Patented Incremental Learning technology will deliver machine learning models that can adapt quickly to changing fraud patterns ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced the launch of its new ‘Incremental Learning’ technology – an innovative industry-first approach to machine learning that will......
All Banks in Aruba Now Offer Instant Payments Through IP-infrastructure of the Central Bank of Aruba Implemented by equensWorldline
Banking News

All Banks in Aruba Now Offer Instant Payments Through IP-infrastructure of the Central Bank of Aruba Implemented by equensWorldline

Fintech News Desk
Aruba’s entire banking community has switched to Instant Payments (IP) using the Clearing and Settlement Mechanism (IP CSM) of the Centrale Bank van Aruba (CBA), which was implemented by equensWorldline SE, a subsidiary of Worldline [Euronext: WLN], the European leader in the payments and transactional services industry. The implementation of this new......
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