July 23, 2020
How The COVID-19 Pandemic Could Lead To A Permanent Shift...
Six out of 10 customers don’t plan to return to bank branches after the COVID-19 pandemic recedes, instead favoring digital banking. But simply offering digital banking services doesn’t guarantee that...
July 23, 2020
FinTechs Enhance The Value Of Real-Time Payment Rails
This week’s look at payment rail innovation is all about value-added offerings on existing rails, as well as on emerging real-time payment schemes. In the U.S., Nacha noted that as...
July 23, 2020
Deep Dive: Why Teamwork Makes The Dream Work When It...
Financial crime is a constant worry for all financial institutions (FIs). A recent study found that more than one-quarter of malware attacks in 2019 targeted FIs, with hackers seeking banks’...
July 23, 2020
Big Tech’s Big Shadow Over FIs
Consumers cooped up at home by the pandemic have, in many cases, reoriented their entire lives around digital — and in some cases even learned to love the new ways...
July 22, 2020
TradeCore Introduces Platform To Speed FinTech Launch Process
U.K. FinTech TradeCore rolled out a platform that helps new financial institutions (FIs) launch quickly and easily, according to a Financial IT report. CEO Stefan Pajkovic founded the company to...
July 22, 2020
New Infor Payroll Solution To Boost Digital Capabilities For Remote...
Infor, which works in business cloud software, announced its new Infor Payroll program, which can help companies manage multiple types of payroll options for remote workforces and a new digital...
July 22, 2020
Today In Payments: Mastercard Introduces Sustainable Credit Card; Wirecard Seeks...
In today’s top news, Mastercard is promoting sustainable credit cards, and Wirecard seeks a forensic investigation into its recently discovered accounting scandal. Plus, Salesforce expanded its Order Management offerings. Mastercard...
July 22, 2020
WhatsApp To Expand India Banking Partnerships
Facebook is upping its commitment to the Indian tech market with a bid to have WhatsApp work with more Indian lenders. WhatsApp will expand banking services in rural areas and...
July 22, 2020
Embracing Change In The Wake Of A Pandemic
“The need for frictionless experiences for things like accessing cash flow statements and predictions, optimizing payments and payroll, and loan origination is more critical than ever.” The revolution will be...
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.