June 05, 2024
Brazil’s Kanastra Raises $21 Million for Private Credit Funds Platform
Kanastra raised $21 million in a Series A funding round to continue to improve its tech-driven back office for private credit funds and securitizations in Brazil. With the new funding,...
June 05, 2024
UK Neobank Starling Will Not Reapply for EU Banking License
United Kingdom neobank Starling reportedly does not plan to reapply for a European Union banking license. Instead, the company will try to expand internationally via its software business, incoming CEO...
June 05, 2024
Dave CEO: Cash Flow-Based Underwriting Critical to Helping Paycheck-to-Paycheck Consumer
It’s been quite a year so far for FinTechs in general and neobanks in particular. However, Jason Wilk, CEO of digital banking app Dave, doesn’t view the volatility rocking the...
June 04, 2024
Banks Boost Revenue Streams With Transaction Management Services and Technologies
Card spending is volatile, and commercial real estate loans look shaky. Rules on how much capital must be held on banks’ balance sheets are under continued debate. For the largest,...
June 04, 2024
Lydia Turns to Marqeta to Power Sumeria Banking App
Card-issuing platform Marqeta has expanded its partnership with French payments firm Lydia. This extended collaboration, announced Tuesday (June 4), will see Marqeta power Lydia’s European digital banking super app Sumeria....
June 04, 2024
Deutsche Bank and Bitpanda Launch Real-Time Payments for Digital Asset...
Deutsche Bank and cryptocurrency broker Bitpanda have formed an expanded partnership in which the bank will provide real-time payment solutions for the incoming and outgoing transactions of Bitpanda customers in...
June 04, 2024
Monzo: UK Bank Watchdog Ends Money Laundering Probe
The U.K.’s financial watchdog has apparently dropped a probe into Monzo’s anti-money laundering system. That’s according to an item buried deep in the neobank’s annual report issued Monday (June 3), which notes that the Financial...
June 04, 2024
FinTech and Credit Union Innovation Agendas Meet at Gen Z
A key objective among FinTechs is to innovate new products that extend their brand reputation and market reach. For example, FinTechs are expanding their mobile features and capabilities and improving...
June 04, 2024
NCR Voyix’s Tansill Walks the Walk on Digital ‘Everywhere’ Banking
Many companies pay lip service to their “ecosystem” as they navigate the world of digital banking solution providers and FinTech partnerships. Five months into his tenure at NCR Voyix, President...
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.