Digital-First Banking

Digital-First Banking
AI Adds Fuel To New Credit Scoring Data
February 09, 2021

There’s arguably no more important issue for financial service companies than customer acquisition. Yes, it costs more to get a customer than to keep them. And yes, banks spend tens of millions of dollars on lead generation to find new business. But what if banks...

Digital-First Banking
Today In Digital-First Banking: Cashplus Granted Bank License By UK Regulator; GajiGesa Indonesia Lands $2.5...
February 04, 2021

In today’s top news in digital-first banking, Cashplus received an unrestricted banking license from the Prudential Regulation Authority, while GajiGesa Indonesia has notched $2.5 million in a seed round. Plus, Stash is closing a $125 million Series G Eldridge-led funding round. UK Regulator Awards Full...

Digital-First Banking
Today In Digital-First Banking: PSCU’s CU Recovery & TLSC Widens Relationship With Advia; MoneyGram Collaborates With...
February 02, 2021

In today’s top news in digital-first banking, PSCU company CU Recovery & The Loan Service Center grew its relationship with Advia Credit Union, while MoneyGram and Visa are collaborating to introduce a peer-to-peer (P2P) payment offering to people in Vietnam. Plus, Virgin Money has added...

Digital-First Banking
Keeping Cybercrooks Out Of Digital-First Banking
January 28, 2021

PYMNTS recently reported Federal Trade Commission (FTC) figures finding, “More than 200,000 Americans were scammed out of $145 million relating to the pandemic since the beginning of 2020.” It’s one of many such warning to come from FinCEN and other financial watchdogs as the digital-first...

Digital-First Banking
Deep Dive: How FIs Can Keep Their Digital-First Innovations Secure
January 27, 2021

The banking industry faces many day-to-day business challenges, including competition with digitally native FinTechs and the ubiquitous social distancing restrictions brought on by the pandemic. Financial institutions (FIs) around the world are confronting these issues with numerous digital implementations, as 85 percent of banks are...

Digital-First Banking
First Bank On Fighting Internal And External Digital Fraud
January 26, 2021

Digital-first banks are used to fending off external threats like data breaches and botnet attacks, but their cybersecurity measures can fall short of protecting against internal threats like phishing schemes. In the Digital-First Banking Tracker, Bala Nibhanupudi, chief technical officer at First Bank, discusses why...

Digital-First Banking
First Bank Takes Two-Pronged Approach To Fighting Internal, External Fraud Threats
January 25, 2021

The banking industry is still grappling with the pandemic’s unprecedented effects, including a broad digital shift across numerous sectors. Digital banking apps in particular have benefited from this new trend, with 60 percent of bank customers using such apps more often during the health crisis...

Digital-First Banking
Today In Digital-First Banking: Green Dot Debuts GO2bank; Stimulus Checks Pose Challenges For TurboTax, H&R...
January 07, 2021

In today’s top news in digital-first banking, California FinTech Green Dot is rolling out the GO2bank mobile banking to help cash-strapped individuals, while stimulus checks are reportedly posing challenges for some users of H&R Block and TurboTax. Plus, the banks that help support supply chains...

Digital-First Banking
Today In Digital-First Banking: OCC OKs Stablecoins, INVNs For Banks; States Sue Banking Watchdog Over...
January 06, 2021

In today’s top news in digital-first banking, the Office of the Comptroller of Currency (OCC) has OK’d independent node verification networks (INVNs) and stablecoins for federal banks, while multiple states are suing a banking watchdog over the “true lender” regulation. Plus, two-thirds of the second...