June 23, 2024
Apple and Meta Reportedly Pursuing AI Collaboration
Apple has reportedly held discussions with Meta about partnering on artificial intelligence (AI). The iPhone maker and the social media giant have discussed integrating Meta’s AI model into Apple’s recently...
June 21, 2024
Verituity Raises $18.8 Million to Expand AI-Powered Verified Payout Platform
Verituity has raised $18.8 million to support the growth of its B2B and B2C verified payout platform. The firm will use the new funding to continue to develop the machine...
June 21, 2024
Banking as a Service Faces ‘Slowdown’ as FIs Wait for...
For the banking as a service (BaaS) firms, the Synapse bankruptcy, the cease-and-desist order against Evolve, and the wait for regulatory clarity are all proving to be headwinds for the...
June 21, 2024
Traditional Banks Must Innovate Their B2B Solutions to Stay Competitive
Both the banking and business landscape are being reshaped by next-generation behavioral expectations. In order to meet these emerging end-user expectations, which tend to center around convenience, security and digital...
June 21, 2024
Report: Revolut Planning Share Sale at $40 Billion Valuation
Revolut is reportedly planning a share sale and seeking a valuation that would be close to that of Lloyds Banking Group. The British FinTech is seeking a valuation of greater...
June 21, 2024
Meet the 27 Million Americans Who Drive 8% of Consumer...
The big consumer news last Friday was that the University of Michigan’s June Consumer Sentiment Index hit a seven-month low. Many scratched their heads, particularly since the CPI print earlier...
June 21, 2024
Thredd CEO Counts on Regulators to Address Vulnerabilities of Banking...
The relationships between FinTechs, banks and neobanks has been placed under a harsh spotlight with the recent revelations around the Synapse bankruptcy. The reaction from the industry so far has...
June 20, 2024
AI Money: Nvidia Soars, Oracle Invests $1B in Spain
In a week of seismic shifts in the tech industry, Nvidia has claimed the title of world’s most valuable company, surpassing a $3 trillion market cap on the back of...
June 20, 2024
Singapore Says Banking Sector Is Top Money Laundering Risk
Singapore has identified banks as the entities posing the greatest money laundering (ML) risk to the country. The Monetary Authority of Singapore (MAS), which is a government agency, said this in...
With nearly half of CU executives saying a lack of resources prevent them from bringing innovations to market, CUs are stuck piloting the digital innovations their members crave — and are willing to switch FIs for. The rise of strategic mergers is a way that some CUs are exploring to pool resources, innovate and drive scale. Read more in the “Credit Union Tracker®,” a collaboration with PSCU.
To drive growth and reduce churn, credit unions should invest in digital solutions that improve user experience, offer robust security features, and provide convenient self-service options tailored to the preferences of Gen Z and millennial consumers. PYMNTS Intelligence’s latest 40-page report,“How CUs Can Drive Engagement with Self-Service Banking Innovation,” a collaboration with Velera (formerly PSCU/Co-op Solutions), examines why CUs need to up their self-service banking innovation.