Industry

post thumbnail

Banks Risk Losing US$280 Billion in Payments Revenue by 2025, According to Accenture Report

Yet, as digital payments continue to grow, banks can tap into US500 billion opportunity in new payments revenue if they adopt innovative business models NEW YORK, LONDON and HONG KONG; Sept.

Read More

Can Smaller Financial Institutions Win the Mobile Banking Arms Race?

The banking industry continues to struggle with issues around reputation, trust and loyalty, failing to completely recover from pre-crisis issues that have resulted in new competitors and consumer backlash.

Read More

Fintech Partnerships With Banks: Key to the Future of Payments?

As the finance industry grapples with what the next generation of banks and payment systems will look like, it’s clear that partnerships are a linchpin for riding the wave of change successfully, whether you’re a multibillion-dollar traditional bank or a startup looking to bring cutting-edge technology into the mainstream.

Read More

Should You Ditch Your Cash? A Growing Number of Cities Say No Way

CLOSE A credit card machine is shown at Mercedes-Benz Stadium during a tour for the NFL Super Bowl 53 football game Tuesday, Jan. 29, 2019, in Atlanta. During its sponsorship renewal with the NFL through the 2025 season, Visa envisions the first cashless Super Bowl. (AP Photo/David J.

Read More

Credit Unions Go on Bank-buying Spree

WASHINGTON * Credit unions are buying small banks in record numbers, a trend that is prompting pushback from the banking industry. Credit unions have acquired 21 U.S. banks since 2018, according to SP Global Market Intelligence, compared with 12 purchases in the prior five years.

Read More

Top Mobile Banking Trends Set to Rule in 2020

Tweet In the age of online transactions, mobile banking remains a popular option among people globally. The thriving banking sector also facilitates customers to avail the advantage of technological advancements while performing banking-related activities on the move. Today, smartphones are used to check the balance and transact online.

Read More

Mobile Payments Have Barely Caught on in the US, Despite the Rise of Smartphones

Despite growing smartphone dependence, most Americans still aren’t using the devices to pay for things. In other countries, it’s a different story. Places like China and India and are witnessing rapid adoption of smartphone payments.

Read More

How Retailers Benefited From the MCX Mobile Wallet’s Failure

CHICAGO — If the retail giants’ Merchant Customer Exchange payments venture collapsed under the weight of trying to create a one-size-fits-all mobile wallet to bypass card networks, then the implosion of that joint venture was the best thing that could have happened.

Read More

6 Applications of E-Commerce in Banking

E-commerce has fundamentally changed the way that companies do business. In fact, some research notes that e-commerce sales alone will make up almost 14% of all retail sales transactions in 2019. It’s more important than ever to have good financial practices in place to grow the business and connect with customers safely, securely, and easily.

Read More

5 Ways Fintech Is Reshaping the Financial Services Industry

Banking institutions, credit unions and big financial players have been playing catch up with new software developments and advances in technology mostly introduced by fintech startups. This phenomenon is quickly and irreversibly changing the global financial landscape.

Read More

Why Conversational Commerce Is Coming Sooner Than You Think

Aug. 22, 2019 By Marco Lafrentz, Vice President, tyntec Social interaction is becoming a fundamental part of the way people and companies do business with each other. Online commerce has evolved significantly over the last two decades, and the ongoing shift is beginning to extend beyond the browser.

Read More

How Challenger Banks Are Giving Legacy Players Key Opportunities

Challenger banks are beginning to offer more robust suites of services beyond the mobile apps and prepaid cards with which they started. Such institutions are working to raise the necessary capital to expand their products and customer bases as they enter new markets. Challengers in North America, Europe and Latin America raised $2.

Read More