PYMNTS-MonitorEdge-May-2024

Digital Banking

Digital banking is part of the broader context for the move to online banking, where banking services are delivered over the internet. The shift from traditional to digital banking has been gradual and remains ongoing, and is constituted by differing degrees of banking service digitization.

Source: en.wikipedia.org

Staying Competitive: Why Speed and Efficiency Are Crucial for Loan Origination
Staying Competitive: Why Speed and Efficiency Are Crucial for Loan Origination
November 11, 2024  |  Opinion

Banks and credit unions face pressure to meet rising consumer expectations for fast, personalized and seamless digital experiences, Amount Chief Product and Technology Officer Kevin...

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American Express Forms Data Sharing Partnership With MX
American Express Forms Data Sharing Partnership With MX
November 07, 2024  |  Banking

American Express has formed a deal with financial data company MX Technologies, giving their users access to improved financial management capabilities. The API-powered data access...

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Block Earnings Show Jack Dorsey’s Bitcoin and Banking Ambitions
Block Earnings Show Jack Dorsey’s Bitcoin and Banking Ambitions
November 07, 2024  |  Earnings

Block, formerly known as Square and the owner of Cash App, has distinct ambitions. And they vary for each of its business lines. Outside of Square and...

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Lend, Don’t Break: How Mid-Size Banks Can Overcome Digital Lending Growing Pains
Lend, Don’t Break: How Mid-Size Banks Can Overcome Digital Lending Growing Pains
November 07, 2024  |  Digital-First Banking

Throughout their history, mid-sized banks have served as a lifeline for local businesses across America. These financial institutions (FIs) — including community banks, regional banks,...

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FTC Suit vs FinTech ‘Dave’ Spotlights Conflict Over Fee Disclosures and Business Models
FTC Suit vs FinTech ‘Dave’ Spotlights Conflict Over Fee Disclosures and Business Models
November 06, 2024  |  Regulation

If the past few months have shown us anything it’s that the frictions between the regulators and the regulated — in this case, FinTechs —...

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FTC Accuses Digital Banking Platform Dave of Charging Undisclosed Fees to Users
FTC Accuses Digital Banking Platform Dave of Charging Undisclosed Fees to Users
November 06, 2024  |  Regulation

The name of online banking platform Dave suggests a dependable friend. But after fielding consumer complaints, a regulator says Dave’s cash advance app is not...

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Earnings Spotlight FinTech Platforms’ Progress in Speeding Banking’s Digital Shift
Earnings Spotlight FinTech Platforms’ Progress in Speeding Banking’s Digital Shift
November 05, 2024  |  Digital Banking

Digital transformation holds promise for banks, but it could also give them pause. The traditional route, upgrading legacy systems and on-premise technology — going it...

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IBC Integrates Finata Commercial Lending Offering to Bolster Digital Banking
IBC Integrates Finata Commercial Lending Offering to Bolster Digital Banking
November 05, 2024  |  Partnerships

IBC Bank has launched a partnership with commercial lending FinTech Finanta. “By integrating Finanta’s advanced commercial lending platform, IBC Bank will accelerate its digital transformation in commercial...

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VyStar’s ‘Dysfunctional’ System Switch Reveals Risks, Lessons in FinTech Partnerships
VyStar’s ‘Dysfunctional’ System Switch Reveals Risks, Lessons in FinTech Partnerships
November 05, 2024  |  Banking

Successful collaborations between traditional financial institutions (FIs) and FinTechs rest on one shared goal: offering end-users the best of both worlds. FinTechs bring speed and...

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