July 09, 2024
Traditional Banks Go Digital as Neobanks Face Regulatory Heat
As regulators draw a bead on neobanks, traditional financial institutions are acting more like neobanks. Open banking looks set to transform financial services in the United States, and the approach,...
July 09, 2024
Regulators Wary of Banks Outsourcing to Tech Firms
A top global banking regulator wants financial institutions to take more responsibility in outsourcing services. “Ongoing digitalisation has led to rapid adoption of innovative approaches in the banking sector,” the Basel...
July 09, 2024
Report: Paytm Gets OK to Invest in Payments Subsidiary
Paytm has reportedly received government approval to invest $6 million in its crucial payments subsidiary. That green light came from a government panel overseeing investments tied to China, allowing embattled Paytm...
July 09, 2024
Why Brazil and Singapore Beat the US in Overall Digital...
It may surprise you to learn that the U.S. did not top the global charts for digital engagement in PYMNTS Intelligence’s “How The World Does Digital” report. In fact, it...
July 08, 2024
Australian Banking Association: Open Banking Rules Need ‘New Pathway Forward’
Australian Banking Association (ABA) CEO Anna Bligh said its “time to go back to the drawing board” when it comes to the country’s open banking rules. Bligh said this in a...
July 08, 2024
Computer Vision Checkout Expands Globally Despite Hurdles
Around the world, computer vision checkout is growing, both in terms of its availability and its physical footprint, despite significant cost challenges to making the retail technology worth its while....
July 08, 2024
Trending: Earnings Season Set to Spotlight Digital Banking
The big banks will kick off earnings season Friday (July 12), as is the case quarter after quarter. In addition to the usual metrics that will be closely watched by...
July 08, 2024
Embedded Lending Puts SMBs at Center of Financial Services Landscape
The growing importance of seamless, customer-centric financial solutions has transformed today’s digital economy. And innovations like embedded lending have revolutionized the financial services ecosystem by increasingly placing small and medium-sized...
July 08, 2024
Discover Global CISO on the Connection Between Security and Customer...
When it comes to securing payments, one can never be too safe. As digital transactions increase and technology advances at breakneck speed, so do the tactics of cyber adversaries. Within...
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.