June 30, 2020
Societe Generale Buys Entrepreneur-Focused Neobank Shine
Societe Generale is acquiring Shine, a neobank for those who start businesses, according to a Tuesday (June 30) announcement. The financial institution said that the company has become a top neobank...
June 30, 2020
Wirecard Reopens UK Banking As Regulators Remove Restrictions
Wirecard AG got the green light Tuesday (June 30) to resume its banking operations in the United Kingdom (UK), as financial regulators lifted restrictions that had been placed on the...
June 30, 2020
Open Banking Takes On Financial Crime Big Time
Partnerships of legacy financial institutions (FIs) and FinTechs are bringing forth some of the coolest experiences in banking. It’s a trend exemplified by open banking — the European invention that’s...
June 30, 2020
UK Financial Authority On The COVID-19 Pandemic’s Impact On Open...
The pandemic has accelerated consumer preferences for contactless payments, leaving merchants scrambling to process higher volumes while remaining compliant with rules for strong customer authentication (SCA). In the latest Merchants...
June 30, 2020
How Digitizing KYC Processes Helps Accelerate Onboarding
Customer onboarding and account opening is vitally important for banks to get right, as the processes kick off customers’ relationships with a given financial institution (FI). The ongoing COVID-19 pandemic...
June 30, 2020
Deep Dive: How The COVID-19 Pandemic Is Pushing Legacy FIs’...
Digital banking tools’ use continues to rise as the COVID-19 pandemic wears on, and mobile banking usage in the U.S. has increased by 50 percent since the beginning of the...
June 30, 2020
New Report: Aiding Pandemic-Related Financial Hardships Key to Credit Union...
Credit union (CU) members are traditionally loyal, but the accelerated shift to digital banking amid the pandemic has led a growing number to consider other banking options. Members are seeking...
June 30, 2020
How To Deliver The Modern Disbursements Experience
The world of business payments is a complex place, including both recurring and ad-hoc payments to a variety of recipients — vendors, consumers, 1099 contractors and small- to medium-sized businesses...
June 30, 2020
FIs: Embracing The Cloud Involves More Than Business Continuity ‘Lip...
Financial institutions (FIs) are on the cusp of change, as the great digital shift is forcing them to bring new products and services to market with speed and agility. That...
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.