September 25, 2020
Nium Teams With Business Neobank Aspire To Enable Google Pay
Aspire, the first business neobank in Southeast Asia, unveiled plans to go “plastic-less” via the issuance of Visa corporate cards with the help of FinTech firm Nium. The tie-up will...
September 25, 2020
Cloud Banking Data Storage In The Spotlight
Here’s an eye-opener: Up to 1 in 5 customers in Italy, Spain and the United States are now likely to increase their online banking tool usage after the pandemic abates....
September 25, 2020
Commerce-as-a-Service Takes The B2B Venture Capital Lead
This week was one of the strongest for B2B FinTech investments, as accounts payable (AP) automation and small business trade finance companies landed impressive funding rounds, with one SMB InsurTech...
September 25, 2020
How Gamification Helps SMBs Achieve Their Business Performance Goals
With the global pandemic dramatically accelerating enterprises’ modernization roadmaps, small- to medium-sized businesses (SMBs), once reluctant to embrace the digital realm, are now quickly building up troves of valuable data...
September 25, 2020
Deep Dive: How Identity Fraud Targets Banks
Fraudsters leverage an array of schemes to conduct financial crimes, including digital methods like botnets and brute force hacks as well as old-school ones like social engineering. One of the...
September 25, 2020
Report: Credit Unions Look Past FICO Scores To Unlock Member...
Credit product innovation was on many credit unions’ (CUs’) agendas in the months before the pandemic struck. Some 47% of CU executives were expecting credit card processing revenues to surpass...
September 25, 2020
The Rise Of The ‘Device Biometric’
Big data is a trillion-dollar industry. But for merchants and financial institutions (FIs), it’s what they do with the data that counts. In an interview with PYMNTS, Sanjay Gupta, vice...
September 24, 2020
EU Releases Proposed Cryptocurrency Rules
A much anticipated first-ever plan to regulate cryptocurrency in Europe was unveiled on Thursday (Sept. 24) by the European Commission. The executive branch of the European Union (EU), the agency...
September 24, 2020
Visa, EBANX Grow Partnership For Commerce In Brazil
International FinTech company EBANX and Visa said they have grown their strategic partnership sealed by a participation agreement in Visa’s Money Transfer Merchant Program inked with Visa do Brasil, according to a...
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.