Coronavirus

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COVID-19 Accelerated the Global Fintech App Usage in H1 2020

According to the latest report on global fintech app usage, the average sessions in investment apps surged 88%, while payment and banking app sessions increased by 49% and 26%, respectively, during the COVID-19 pandemic.

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How COVID-19 Permanently Changed American’s Financial Habits

How COVID-19 Permanently Changed American’s Financial Habits

The unexpectedly rapid increase in use of digital banking channels as a result of the COVID-19 lockdowns, and the ongoing desire for social separation and less contact, has left banks and credit unions with a two-fold challenge. First, they need to better understand what’s transpired — and how much of it is going to stick.

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Coronavirus and a Cashless Society

Coronavirus and a Cashless Society

COVID-19 has changed society as we know it over just a few months — working from home, social distancing, masks and countries across the globe on the brink of an economic crash.

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Mastercard Study Shows COVID-19 a Catalyst for Digital B2B Payments Adoption

As COVID-19 continues to stress small businesses financially and operationally, small business owners across North America are turning to digital services to improve cash flow and modernize their payments ecosystems.

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Amid Covid-19, Fintechs Use Debit to Boost Their Lending, Savings, and Investing Apps

Amid Covid-19, Fintechs Use Debit to Boost Their Lending, Savings, and Investing Apps

With underbanked consumers and gig workers looking for financial products to help them track spending, create savings, and manage debt, many financial-technology companies are layering debit products onto their core application to attract and retain customers.

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The Evolution of Payments Following a Global Pandemic

The Evolution of Payments Following a Global Pandemic

It’s 2022 and people around the world are finding a ‘new normal’, with employees commuting to work and roads and public transport are busy once again. Consumers are spending more confidently with retailers once again. After a continued global effort to flatten the curve and months of social distancing, life is slowly returning to normality.

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Big U.S. Banks Predict More Economic Pain From Coronavirus

Big U.S. Banks Predict More Economic Pain From Coronavirus

NEW YORK (Reuters) – Three of the largest U.S. banks said on Tuesday they had set aside a whopping $28 billion for loan losses, in a stark reminder that much of the economic pain from the coronavirus pandemic is still to come.

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Don’t Use Coronavirus as Excuse to Close Branches, OCC Says

Don’t Use Coronavirus as Excuse to Close Branches, OCC Says

Dive Brief: Banks should not be using the coronavirus pandemic as a cover to shutter branches, the acting head of the Office of the Comptroller of the Currency (OCC) told the Financial Times.

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6 Ways the Coronavirus Has Changed Credit Unions

6 Ways the Coronavirus Has Changed Credit Unions

Credit unions have had to scramble to adjust to the fallout from the coronavirus as it became widespread in March. Employees at Jax Federal Credit Union now wear masks on the job to help protect against the coronavirus.

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The Coronavirus is Pushing Wider Acceptance of Contactless Payments

The Coronavirus is Pushing Wider Acceptance of Contactless Payments

Diana Gamboa was in the middle of the busy tax preparation season when the COVID-19 outbreak forced her business, Diana’s Tax Services, into shutdown. As she contemplated a late April reopening, Gamboa knew she would need to change a few things.

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COVID-19 Accelerates Urgency for Digital Banking Transformation

Banks and credit unions will need to increasingly leverage data, innovation and a platform business model to deliver digital banking solutions. The post COVID-19 Accelerates Urgency For Digital Banking Transformation appeared first on The Financial Brand.

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Coronavirus Fuels Shift to Contactless Payments Methods

Coronavirus Fuels Shift to Contactless Payments Methods

As health officials around the globe seek to contain the novel coronavirus that causes COVID-19, economies and citizens remain unsettled.

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