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
i2c and Affiniti Partner on Trade Association Co-Branded Credit Programs
i2c and Affiniti Finance said Monday (June 3) that they are providing trade associations with credit programs that include features and rewards specific to each industry. Their offering, which was...
June 03, 2024
Neobank Bunq Looks to Court UK’s Digital Nomads
Dutch neobank Bunq is reportedly aiming to return to the U.K. Founder and CEO Ali Nikham told CNBC in a report published Monday (June 3) that the company is hoping to obtain a banking license from...
June 03, 2024
UK Neobank Monzo Marks First Profitable Year
British neobank Monzo is planning further expansion as it marks its first profitable year. The company’s annual report, released Monday (June 3), showed its profit before tax at $144 million...
June 03, 2024
Are Retail Media Networks Financial Services’ Next Big Move?
This year more than 5 trillion digital ads will be shown globally. It’s a staggering number and a testament to the desire of companies from ad giants like Coca-Cola to...
June 02, 2024
Reimbursement Backlash Forces Hemsley Out at UK’s Payment Systems Regulator
The managing director of Great Britain’s Payments Systems Regulator (PSR) is reportedly stepping down. As Bloomberg News noted in a report Saturday (June 1), Chris Hemsley’s departure comes amid rising...
June 02, 2024
Biden Shoots Down Measure Limiting SEC Crypto Authority
President Joe Biden has vetoed a resolution limiting the Securities and Exchange Commission’s (SEC) authority over the cryptocurrency sector. Biden announced the veto Friday (May 31) evening, saying that the...
June 02, 2024
California Aims to Place Limits on Self-Checkout
Lawmakers in California want to put some checks on the use of self-checkout. As a recent Wall Street Journal editorial noted, the state’s Senate has just passed a bill that...
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,...
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.