June 18, 2024
Velera CEO: Credit Unions Need Gen Z Consumers to Gain...
The average credit union member is 53 years old. Reasonably affluent, well traveled down the journey of life’s financial goals — and well aware of the personalized and community approach...
June 17, 2024
Report: Spain’s BBVA Considering Opening Digital Consumer Bank in Germany
Spanish bank BBVA is reportedly considering opening a digital consumer bank in Germany. In this effort, the bank will use existing technology to lower the cost of expansion, Bloomberg reported...
June 17, 2024
Tether Launches New Digital Asset Backed by Tether Gold
Tether has launched a new digital asset called Alloy by Tether, which is backed by Tether Gold. This asset aims to “redefine stability in the digital economy” by combining the strengths of...
June 17, 2024
nCino Unveils AI-Powered Banking Advisor
Cloud banking company nCino has unveiled an artificial intelligence (AI)-powered solution dubbed Banking Advisor. The new offering, announced Monday (June 17), is a “banker-focused, conversational copilot tool” that provides portfolio...
June 17, 2024
Making Sense of For Benefit Accounts (FBOs) and FinTech’s Future
The recent Synapse bankruptcy represents one of the biggest implosions in the FinTech sector’s history. The ongoing mess at the banking-as-a-service (BaaS) platform has affected over a hundred thousand U.S....
June 17, 2024
Evolve Was Served a Cease-and-Desist Order — Now What?
The Federal Reserve Board issued a “cease and desist” order against Evolve Bancorp and its subsidiary, Evolve Bank & Trust, that may have a chilling effect on bank-FinTech partnerships. In addition...
June 17, 2024
Mastercard and Thought Machine Partner to Deliver Core Banking Capabilities
Mastercard and Thought Machine have expanded their partnership to deliver payments and core banking capabilities to financial institutions worldwide. This collaboration brings together Mastercard’s global network and digital solutions and...
June 16, 2024
JPMorgan Doubts Crypto Inflows Will Remain as Robust
America’s largest bank says the state of the cryptocurrency market may not be sustainable. This year has seen crypto net inflows of $12 billion thus far — a figure that...
June 16, 2024
Paytm Reportedly Explores Sale of Ticketing Unit to Zomato
India’s Paytm is reportedly in discussions to sell its movie/event ticketing business to Zomato. Talks between the FinTech and the food delivery firm are in the advanced stages, Bloomberg News...
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.