July 30, 2020
Most Targeted Industries and Conduct in China’s Antitrust Investigations against...
By Cheng Liu, Yun Bi & Jeff Liu (King & Wood Mallesons, Beijing)1 I. INTRODUCTION The abuse of dominant market position is one of the significant infringements under China’s...
July 30, 2020
Digital Shifts In eCommerce And Online Banking
eBay’s CEO outlined his vision for growth in its Q2 earnings call, as the company benefited from the pandemic-driven digital shift. Shopify also reported earnings that reflected the expanding digital shift for consumers, with...
July 30, 2020
Augmenting Payment Rails To Drive Value For Business Users
As businesses large and small expand their payments technology adoption, financial service providers are seeking to augment an array of existing and new payment rails to drive corporate use. The...
July 30, 2020
Money Transfer Startup Remitly Nets $85M On $1.5B Valuation
Remitly, which works to provide remittances and financial services for immigrants, announced an $85 million funding round amid a worldwide surge in demand for those kinds of services, a press...
July 30, 2020
How CUs Can Hone Their Digital Strategies To Face The...
Credit unions have long prided themselves on offering better in-person service, but with lockdowns keeping members from branches, many CUs worry about losing customers to challenger banks with better digital...
July 30, 2020
Betterment Debuts Cash Goals Feature To Help Users Save
To assist its banking users in putting aside funds for set aims, Betterment is rolling out a new Betterment Cash Goals feature. Users can see all of their funds in...
July 30, 2020
Are ATMs The ‘Mini-Branch’ Of The Future?
The ATM isn’t living up to its full potential, a fact that’s really starting to come into focus for financial institutions (FIs) under COVID-19. The days of the ATM serving as...
July 29, 2020
Crypto Markets’ Value Of $323B Shows Investor Interest
With a market value of $323 billion according data from cryptocurrency tracker CoinMarketCap, the crypto market is attracting a wealth of new, prominent investors and traders, according to Nairametrics. The...
July 29, 2020
Paytm Money Taps Veteran FinTech Exec As New CEO
Paytm Money, which bills itself as India’s largest online investment and wealth management platform, announced Wednesday (July 29) it has appointed Varun Sridhar as its new chief executive. The veteran...
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.