July 13, 2020
The Australian Competition and Consumer Act 2.0: Is the New...
Pricing algorithms can be deployed as a tool to facilitate collusion and therefore cause consumer harm. Where this happens, the conduct may not necessarily involve a “contract,” “arrangement” or “understanding”...
July 13, 2020
NYMBUS Partnership With Payrailz Could Help Banks Digitize Faster
Financial services platform NYMBUS announced a partnership with digital payments company Payrailz to help more financial institutions (FIs) quickly transition to digital banking services, according to a press release. The...
July 13, 2020
MUFG Shifts Focus To Digital Investments To Grow Customer Base
Once on a mission to buy up Southeast Asian banks, Japan’s biggest lender is now focused on digital investments to reach new customers and streamline operations, Bloomberg News reported. The...
July 13, 2020
The Pandemic Is Driving Crooks Online, Too
“How can banks, retailers and financial institutions strike the right balance between offering advanced services to customers while flattening the overwhelming spike in fraud?” People aren’t always who they pretend...
July 13, 2020
Deep Dive: Why Leveraging Biometrics Can Ease FIs’ $4B ATO...
Account takeovers (ATOs) are a growing source of pain for financial institutions (FIs) and their customers, with losses from these attacks rising 164 percent in 2018. This fraud type occurs...
July 13, 2020
OCC Tells Banks Not To Hide Under The Cover Of...
The nation’s banks hoping to use COVID-19 as an excuse to shutter branches or get permanent concessions from regulators better think again, the Financial Times reported. Brian Brooks, Acting Comptroller...
July 13, 2020
How To Drive Success In A Digital 3.0 World
In 1946, the then-61 members of the World Health Organization (WHO) saw the need for a consistent yet comprehensive definition of “health.” They felt strongly that any definition had to...
July 13, 2020
Visa On The Role of ‘Super Apps’ In Driving Emerging...
“Careem” is an Arabic word meaning, in part, “noble, admirable and praiseworthy.” In the case of Dubai-based ride-hailing and delivery platform Careem and its efforts to modernize payments in the...
July 10, 2020
How Cannabis Can Become A B2B Payments Innovation Influencer
The legal cannabis market’s financial services challenges are, by now, well-known. For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status...
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.