September 16, 2020
Digital Innovations In Retail, ID Verification And Banking
Sharing economy providers are investing in digital identity verification offerings to keep their users safe. In digital-first banking, the evidence of the great digital shift is not only visible anecdotally – it is...
September 16, 2020
Open Banking Tie-Ups Challenge SMB Banking Incumbents
PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market...
September 16, 2020
FIs Need To Renovate – And Relocate – The Core
To meet consumers where they want to bank — across mobile devices wherever they may be — financial institutions (FIs) must focus on re-tooling their core services in the digital...
September 16, 2020
Why There’s No One-Size-Fits-All Path To Global ID Verification
We may be wondering what’s on the other side of commerce, banking, and “normal” life after the pandemic — but rest assured it will be done (at a significant and accelerating...
September 15, 2020
Standard Chartered, Amazon To Offer Installment Payments In UAE
Standard Chartered and Amazon.ae, the company’s United Arab Emirates website, are launching a new installment payments method for customers, according to The Fintech Times. Standard Chartered cardholders will now be...
September 15, 2020
PayMyTuition Rolls Out B2B Supplier Payments Module
To reshape how schools handle global business payments, payment processing provider PayMyTuition has rolled out an international vendor management module. The technology takes on the task of handling international business...
September 15, 2020
EU Regulators Will Focus On Big Tech In Drafting New...
European Union (EU) regulators plan to target new rules squarely against Big Tech companies like Facebook and Apple, a Financial Times report says. The new focus, according to European Commission Vice...
September 15, 2020
Today In Payments: Klarna Valued At $10.65B After $650M Funding;...
In today’s top news, Klarna is valued at $10.65 billion after a $650 million funding round, and J.P.Morgan could be on the road to rebuilding its reserves. Plus, retail sales...
September 15, 2020
Major German Tech Firm Backs Call For Accelerated EU Digital...
A major German digital security firm that is a significant player in the electronic payments sector on Tuesday (Sept. 15) has backed a call by the head of the European...
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.