July 22, 2020
Innovating With Digital Fitness And Commerce Platforms
Connected fitness has a new competitor in the direct-to-consumer (DTC) company Liteboxer. The firm’s hardware looks nothing like a punching bag – it comes with six circular lights embedded in its surface,...
July 22, 2020
Kabbage Rolls Out New Checking Accounts For SMBs
Kabbage, which works in small- to medium-sized business (SMB) cash flow solutions, has rolled out Kabbage Checking, which will help SMBs access digital banking services like electronic wallets and bill...
July 22, 2020
Credit Unions Accelerate Modernization With FinTech Collabs
Credit unions continue to drive modernization efforts, often with a focus on their growing business member segment, and often with a FinTech as a co-pilot. This week’s look at bank-FinTech...
July 22, 2020
Open Banking For The Unbanked: How The Pandemic Is Affecting...
With nearly 50 percent of the Latin American population unbanked, there's a growing appetite for mobile banking services. And the ongoing pandemic is only accelerating this trend, says Paula Arregui,...
July 22, 2020
Radius Bank’s Approach To Collective Intelligence In Fraud Prevention
Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. But to beat highly organized fraudsters at their own...
July 22, 2020
Scotiabank: Why Banks Need To Rethink Personalization
Financial institutions (FIs) are beginning to see the light at the end of the tunnel for bouncing back from the pandemic, but the crisis has not been without its casualties....
July 21, 2020
Capital One’s Credit Card Business Shrinks, But Delinquencies Fall
Capital One reported on Tuesday (July 21) that its credit card business shrank during the second quarter, but that delinquencies fell despite the pandemic. “The impacts of the COVID-19 pandemic...
July 21, 2020
New QuickBooks Features Boost SMB Access To Cash Flow, Payroll...
QuickBooks has rolled out new products to aid with small- to medium-sized businesses’ (SMBs’) recovery from the pandemic, which will include new payroll options and automated cash flow tools, according...
July 21, 2020
Digital-First Banking – July 2020
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.