June 07, 2024
FinTech IPO Index Ticks Down as Earnings Season Wraps Up
The first week of June brought scant movement for the FinTech IPO Index overall, as the group moved 0.6% lower, and earnings continued to trickle in, essentially wrapping up a...
June 06, 2024
Report: Apple to Unveil Password Manager App
Apple will reportedly unveil a password manager app Monday (June 10) at its Worldwide Developers Conference. Dubbed “Passwords,” the app is expected to be part of the next versions of...
June 06, 2024
US Bank Teams With Greenlight on Teen Bank Accounts
U.S. Bank has launched a partnership with Greenlight aimed at increasing financial education. The collaboration will give eligible U.S. bank customers complimentary access to Greenlight’s debit card and money app, designed to help...
June 06, 2024
Security Features Drive Digital Wallet Usage
Mobile payments — and by extension, mobile wallets — are proving to be a favorite means of paying for all aspects of daily life as younger consumers navigate physical and...
June 06, 2024
TymeBank Aims to Raise $100 Million to Fund South Africa...
TymeBank is reportedly trying to raise at least $100 million to expand in its home country. “In South Africa, we want to be the fastest-growing bank,” CEO Coen Jonker said,...
June 06, 2024
Paytm Continues to Lose Digital Payments Ground to Google and...
India-based Paytm’s share of the country’s Unified Payments Interface (UPI) continues to slip. The FinTech made up 8.1% of total UPI transactions last month, down from 13% in January, the...
June 06, 2024
Mastercard to Add Open Banking-Powered Solutions for Accounts
Mastercard will add new open banking-powered solutions that make it easier for consumers to automatically switch their direct deposits and update their recurring bill payments. These capabilities will result from...
June 05, 2024
Consumer-Permissioned Data Expansion Gives Rise to New Data Brokers
The rise of consumer-permissioned data in the U.S. promises to expand the credit landscape. And for the “connectors” and the “collectors” of that data — which includes bank account level...
June 05, 2024
This Week in Web3: Cross-Border Payments, Crypto Investments, User Education
Blockchain-based technologies may one day change the worlds of finance and payments. But so far, they haven’t. At least, not in the sweeping and transformative manner that early proponents of...
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.