September 23, 2020
Why Data Centers Will Be FIs’ Dodo Bird In Five...
For financial institutions (FIs), five years from now, the data center will be but a memory. In an interview with Karen Webster, Vijay Oddiraju, founder and CEO of Volante, said...
September 23, 2020
Making Digital Card Features Stick – And Sticky
Consumer engagement has become a very different ballgame for financial institutions (FIs) in the past several months, as the physical branches that were the cornerstone of making connections with customers...
September 23, 2020
Report: Overcoming ID Fraud’s Technology Blind Spots
Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. A recent study from PwC found that 47 percent of companies...
September 22, 2020
Today In Digital-First Banking: Paya To Buy The Payment Group;...
In today’s top news in digital-first banking, digital payment processor Paya has come to an arrangement to purchase The Payment Group (TPG), and Purdue Federal Credit Union has tapped digital...
September 22, 2020
SatoshiPay Launches DTransfer For Quick X-Border Payments
According to Blue Star Capital, its investee company SatoshiPay has launched a new B2B payments platform to speed up cross-border payments, Proactive reported. The platform, called DTransfer, is built on...
September 22, 2020
FTC Reports $145M In COVID-Related Scams Since January
More than 200,000 Americans have lost $145 million linked to the COVID-19 pandemic since the start of the year, the Federal Trade Commission (FTC) reported on Tuesday (Sept. 22). The...
September 22, 2020
Federal Banks, Savings Associations Win Approval For Some Crypto Activities
The regulator of the nation’s banks has issued its first guidance on stablecoins, the cryptocurrency backed by traditional currency. A letter by the Office of the Comptroller of the Currency...
September 22, 2020
Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints
Banks from the United States to Europe are closing bank branches as consumers embrace digital banking amid the pandemic. These are just some of the financial institutions that are reducing...
September 22, 2020
In China, Green Shoots For Luxury Spending To Prove Fragile?
Chinese consumers may be starting to open their wallets to buy luxury goods – but it remains to be seen whether the green shoots will blossom. As reported by Bloomberg on...
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.