Technology

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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8 Challenger Banks Traditional Institutions Should Worry About

In the U.S. today, there are at least 40 digital-first challenger banks. The U.K. has more than double that. Now granted, you can debate what is and isn’t a challenger bank until you’re blue in the face.

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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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‘Invisible Payments’ Will Have More Than a Token Appearance

They will fuel the next wave of digital transactions Convenience has long been the driver of payments innovation. As customers crave greater ease in the ways they pay, the industry has responded with fast, easy, secure and seamless payment options.

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Under the Mobile Umbrella

Mobile payments aren’t taking off in the US the way they are in Asia. Although smartphone ownership has been maturing, mobile payment adoption remains flat. There was some excitement around testing the technology back in 2016, but now we are seeing that retailer mobile apps are the only category still growing.

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FinTech on France’s Commercial Card Adoption

Commercial cards remain merely a small fraction of the massive B2B transaction pool in the U.S., yet adoption is steadily climbing at an estimated compound annual growth rate ( CAGR) of 10 percent through 2022.

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This New Credit Card Helps Build a Credit Score for People Who Don’t Have One

In his home country of Ecuador, Andres Mosquera felt pretty good about his finances. Mosquera, who has a master’s degree in business education, had two credit cards with a combined limit equal to around 20,000, and he never had any trouble paying them off.

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Venmo and Zelle’s P2P Battle Royale | PYMNTS.com

The fourth quarter of 2018 was kind to Venmo and Zelle, the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy – a fight that pits PayPal, the owner of Venmo, against the banks that operate Zelle. The numbers tell a story of ongoing growth and more consumer acceptance.

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Grocery Stores Increasingly Turn to Mobile Payments, Self-Driving Delivery Cars | Payment Week

January 31, 2019 By: Steven Anderson We’ve seen the self-driving car become increasingly part of the last-mile delivery options set at grocery stores, and even to a lesser extent at restaurants. A new report suggests that this trend is likely to continue, and grocery stores will be leading the way.

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HSBC Uses AI, Humans to Boost Its Immune System

Banks must have constant insight into potentially suspicious activities to stay ahead of fraudsters. Many financial institutions are achieving this state of vigilance by investing in artificial intelligence (AI) and machine learning (ML) solutions as part of their anti-fraud efforts.

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Payments Body Calls for Digital IDs to Tackle Financial Crime

UK financial institutions and payment processors should collaborate on the creation of a national digital identity scheme to face down the threat posed by money laundering and payments-related financial crime, according to a new report published by the Emerging Payments Association (EPA).

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Loyalty Advantage Shifts Towards Digital Banks and Big Tech Firms

Trust and loyalty in banking are the foundation of current and future financial relationships. But, as large and small technology firms continue to create solutions that are both easier to use and more responsive to customer expectations. this long-standing foundation is beginning to crumble.

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