June 06, 2024
New Report: Younger Consumers Could Make Buying Insurance From a...
Most consumers get their insurance from various providers, but data shows that consumers want to simplify the process. PYMNTS Intelligence finds that 44% of all consumers would turn to their...
June 05, 2024
Ninth Circuit Orders New Trial for Sutter Health in Antitrust...
The Ninth Circuit Court of Appeals has ordered a new trial for Sutter Health, Northern California’s largest hospital chain, following allegations of anticompetitive contracting practices. The decision, reached by a...
June 03, 2024
Live Oak Bank Launches First Embedded Banking Partnership
Live Oak Bank has launched its first embedded banking partnership. Powered by the bank’s in-house technology and a Finxact core, this offering enables software companies to directly deliver Live Oak...
June 03, 2024
FDIC Notes More ‘Problem’ Banks; Sparks Debate Over Deposit Insurance
The Federal Deposit Insurance Corp.’s (FDIC) first-quarter assessment on the banking industry takes note of several trends: Declining loan demand, delinquencies that were higher than a year ago … …...
June 03, 2024
Paul, Weiss Welcomes Christopher M. Wilson as New Litigation Partner
Paul, Weiss, Rifkind, Wharton & Garrison LLP announced today the addition of Christopher M. Wilson as a partner in its Litigation Department, based in Washington. Wilson, a former trial lawyer...
June 02, 2024
Thailand Seizes Assets Tied to Massive FBI Botnet Case
Thailand is reportedly investigating $27.2 million that an alleged hacker funneled into the country. Wang YunHe and other co-conspirators had purchased properties and shares of several companies, Bloomberg News reported...
May 31, 2024
FintechOS Raises $60 Million to Expand Financial Product Management Platform
FintechOS has raised $60 million in a Series B+ investment round to accelerate the global expansion of its financial product management platform. The company’s platform is designed to help banks,...
May 31, 2024
Dissecting the Criminal Mind: Why They Target Company Data
Data is the oil of the 21st century, as you’ve likely heard. That’s because digital information acts as both a lubricant and an ignition agent for nearly every innovation transforming...
Instant insurance payouts benefit both customers and carriers by enhancing both speed and efficiency, but barriers such as costs and complexity are blocking the way to their adoption — especially for smaller insurers. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, explains how insurance companies are jumping these hurdles by collaborating with FinTechs to facilitate instant payments implementation.
Consumers increasingly want to receive insurance disbursements instantly, yet insurers are sending instant payments less. PYMNTS Intelligence’s latest 22-page report, “Generation Instant: Growing Use of Instant Pay for Insurance Disbursements,” a collaboration with Ingo Payments, contains five charts revealing how this mismatch in demand and supply presents a missed opportunity for insurers to improve customer satisfaction.