Search Results for: COVID

Rapid Shift to Digital Banking During COVID-19 Accelerating Erosion in Consumer Trust, Accenture Report Finds
Fintech Mobile Banking News

Rapid Shift to Digital Banking During COVID-19 Accelerating Erosion in Consumer Trust, Accenture Report Finds

Fintech News Desk
by Fintech News Desk0
Banks must earn consumer trust if they hope to provide lucrative advisory services as a cornerstone of their growth strategies The replacement of in-person branch interactions with impersonal digital transactions through online and mobile channels during the COVID-19 pandemic has accelerated the ongoing erosion of consumer trust in banks, according......
In the Wake of COVID-19, Majority of Banks Say Payment Technology is an Arms Race They’re Unprepared For
Banking Digital Payments News

In the Wake of COVID-19, Majority of Banks Say Payment Technology is an Arms Race They’re Unprepared For

Fintech News Desk
by Fintech News Desk0
New Marqeta study shows that while COVID-19 has made payments an even more crucial digital battleground for banks, legacy technology is creating barriers to innovation. Marqeta, the global modern card issuing platform, released the second part of its European Banking report, based on a survey of 200 European banking executives,......
POPi/o Enables Free Virtual Santa Visits To Inspire Holiday Cheer Despite Continuing COVID-19 Concerns
Banking Fintech News

POPi/o Enables Free Virtual Santa Visits To Inspire Holiday Cheer Despite Continuing COVID-19 Concerns

Fintech News Desk
by Fintech News Desk0
Virtual banking platform lends financial institutions digital yet face-to-face chat capability to bring Santa directly to consumers while avoiding large social gatherings. POPio Mobile Video Cloud (POPi/o), the industry’s leading virtual banking solution, today announced an exclusive holiday initiative facilitating financial institutions in providing virtual, one-on-one meetings with Santa Claus as......
COVID-19 forced changes in banking industry, data shows
Banking Fintech News

COVID-19 Forced Changes in Banking Industry, Data Shows

Fintech News Desk
by Fintech News Desk0
2020 Crowe Bank Compensation and Benefits Survey reports bank salary benchmarks and the impact of the pandemic While most banks stayed extremely busy administering Paycheck Protection Program (PPP) loans, the impact of the COVID-19 pandemic was still notable, according to data from the 2020 Crowe Bank Compensation and Benefits Survey. The......
RazorpayX Partners with Visa to Launch Corporate Cards to help Small Business Owners weather Covid-19
Business Fintech News Risk Management

RazorpayX Partners with Visa to Launch Corporate Cards to help Small Business Owners weather Covid-19

Fintech News Desk
by Fintech News Desk0
The company aims to target 50,000 entrepreneurs by March 2021 Razorpay, the newest FinTech Unicorn and India’s leading full-stack financial solutions company, and Visa, the global leader in payments technology, announced the launch of RazorpayX Corporate Cards. These bank-issued cards will help provide relief and stabilize the financial operations of......
AIO and Finastra awarded $1M grant from the BIRD Foundation to expedite banks' customer onboarding and loan origination
Fintech News

Homebuyers Embrace Digital Lending in COVID-19 Era, According to Finastra Survey Results

Fintech News Desk
by Fintech News Desk0
Financial institutions underestimate consumers’ demand for speed in the mortgage process New research from Finastra shows that while rates remain consumers’ key driver in the mortgage lender selection process, trends relating to COVID-19 have put increased importance on digital experience and time-to-close. The pandemic is having an influence on both of these......
IDnow reports 250% increase in fraud attempts since the beginning of the COVID-19 pandemic - detection remains very good
Business Fintech News Risk Management

IDnow Reports 250% Increase in Fraud Attempts Since the Beginning of the COVID-19 Pandemic – Detection Remains Very Good

Fintech News Desk
by Fintech News Desk0
IDnow (www.idnow.io), a leading provider for Identity Verification-as-a-Service solutions, publishes the latest figures on changes in fraud methods within the digital environment in its “Cyber Security Report 2020”. The company sees a strong increase of 250% in fraud attempts. Technology and security systems remain ahead of the new trends. Read......
Atradius-Will-COVID-legacy-threaten-profitability-of-European-business-in-2021
Business Fintech

Atradius: Will COVID Legacy Threaten Profitability Of European Business In 2021?

Fintech News Desk
by Fintech News Desk0
Atradius economists predict a decline in global GDP of 4.3% in 2020. This means the negative impact of COVID-19 is bigger than that of the financial crisis during 2008/2009. Risks to the current forecast are to the downside as many countries are tightening quarantine measures to deal with a resurgence......
Credit-Fund-Managers-Pause-Implementation-of-New-Investment-Strategies-Due-to-COVID-19_-According-to-Ropes-_-Gray-Research
Business Fintech News

Credit Fund Managers Pause Implementation Of New Investment Strategies Due To COVID-19, According to Ropes & Gray Research

Fintech News Desk
by Fintech News Desk0
COVID-19 has stalled the emergence of new credit fund investment strategies and has pushed managers to focus on their existing credit platform products, according to a new report from global law firm Ropes & Gray. The report, “Challenges and Opportunities in Post-COVID-19 Credit Fund Platforms 2020” analyzes the responses of......
Credit Card Companies’ Support for Small Businesses During COVID-19 Not Enough to Drive Customer Satisfaction, J.D. Power Finds
Business Fintech News

Credit Card Companies’ Support for Small Businesses During COVID-19 Not Enough to Drive Customer Satisfaction, J.D. Power Finds

Fintech News Desk
by Fintech News Desk0
Significant efforts by credit card issuers to support their small business customers with late payment forgiveness, waived charges and community initiatives during the COVID-19 pandemic have failed to drive strong customer satisfaction, loyalty or brand advocacy. According to the J.D. Power 2020 U.S. Small Business Credit Card Satisfaction Study,SM released today,......
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