pymnts

The State of FI Innovation: Moving in ReverseĀ 

Those who work in and around high tech and innovation are lulled into a narrative about progress being on a march ever forward, rarely slowing, never stopping and certainly never turning around and marching in the wrong direction.

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Budding Collaboration Between FIs/FinTechs

Open banking in the United Kingdom is a bit more than a year old, fostering data-sharing by financial institutions and a collaborative mindset between financial services firms that might at first glance seem the fiercest of competitors.

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How Innovators Are Enabling Contextual Commerce

In the highly connected digital age, consumers are interacting with a multitude of social media sites as well as apps and connected devices. During this time, retailers and tech companies are bringing integrated shopping experiences into the sites and apps where consumers spend the most time.

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What FIs Don’t Know About AI and ML

Artificial intelligence (AI) and machine learning (ML) aren’t part of a far-off future. They are here, and they are at the bank. In fact, 100 percent of modern financial institutions (FIs) use some type of AI, ML or other learning system in varying forms and capacities. Today, nearly 70.

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Plaid Expands Auth App to All US Banks

The U.K. may have been ground zero for Open Banking, but the collaborative model that brings together traditional financial services players and tech upstarts has been gaining traction in far-flung corners of the globe.

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FinTech Credit: Not So Clear and Present Danger

As the payments landscape evolves and becomes ever more digital in scope, and as FinTech firms make inroads into traditional financial services, regulators are looking at FinTech credit – and how it might be defined and shaped. There seem to be no easy answers on just how to regulate the space.

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Integrating Payments Into Workflow, Workforce

Much has been made of the Uberization of payments, where transactions are done in-app, on the go and 24/7. The payment is cued up at the beginning of the ride, completed at the end and money changes hands with nary a thought between the parties involved.

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The Making of a Digital Subprime Marketplace

No one needs to be told that eCommerce is becoming a more important part of consumers’ daily lives. Any number of stats – from the 2018 holiday shopping season, for instance, or a Deep Dive by PYMNTS into how much shoppers spend with Amazon – confirm that.

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Cross-Border Efforts Mark Open Banking, APIs

This new age of Open Banking and PSD2 has opened the door to collaboration between banks and FinTech firms – so, too, has it opened the door to cross-border efforts. In recent news marking the financial services arena, Cross River Bank, based in the U.S., and Railsbank, based in the U.K.

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NJ Legislators Pass Bill to Ban Cashless Stores

New Jersey is one step closer to making it illegal to run a cashless store in the state. With overwhelming support, state legislators passed a bill that will ban cashless stores. If Gov. Phil Murphy signs it into law, New Jersey will become the second U.S. state to prevent businesses from not accepting cash payments […]

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Target Turns to Digital Brands for Millennials

Brick-and-mortar retailers are bringing direct-to-consumer (D2C) brands into their stores to reach younger consumers who don’t want to use the same brands as their parents, with Target selecting women’s body care brand Flamingo to include in its product lineup.

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Mortgages: The On-Ramp for Financial Management | PYMNTS.com

Of the scores of innovations and updates to consumer lending seen and written about over the last decade or so, speed is always offered as a central value proposition.

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