WayaPay, which describes itself as a Kenyan FinTech based in the United States, says it has launched its full-service digital bank and money-transfer app tailored to the needs of immigrants from Africa. Kenya’s ambassador to the United States, Lazarus Amayo, joined in the launch festivities...
For NCR Corp., the goal is to capitalize on the continued shift to digital banking. Underpinning its newly-announced split into two independent companies, we see some other shifts taking root: A shift from roots as a hardware-centric vendor towards software and a shift from manufacturing...
“Mobile banking apps are no longer about simple transactions and balance checks. They need to provide users with end-to-end banking capabilities, including everything from money movement [and] opening accounts to full-service interactions with bankers. [As if that were] not difficult enough, [they need to offer] a seamless, easy-to-use experience.” Eric Brandt, strategic market analyst, NCR...
Last year, 76% of Americans used their banks’ mobile apps to conduct everyday banking tasks, from depositing checks to viewing statements, yet Atomic’s Lindsay Davis says more is needed to keep customers loyal.
Retail banking, indeed. In the most literal sense. In a move that is not a surprise — but is a seismic shift in financial services, nonetheless — Walmart is branching into bank accounts. And, by extension, bringing the banking branch into the retail aisles. Bloomberg...
Codat, an API for small business data, will be partnering with cloud banking firm nCino to automate and accelerate the ways banks can underwrite small business loans, a press release said. nCino’s services help cut down the time it takes banks to transfer information from...
Consumers are using mobile banking apps like never before. The pandemic served as a catalyst for mobile adoption, as the portion of consumers reporting that they most often used mobile banking apps to bank rose from 33% pre-pandemic to 44% since it began. Importantly, this change...
While digital banking still accounts for a small percentage of the overall pie, interest is growing in neobanks over traditional banks for some demographics who feel digital banking aligns with their needs. For the study “How Consumers Use Digital Banks,” a PYMNTS and Treasury Prime...
Turkish banking regulations meant to keep the cost of credit low for small to medium-sized businesses (SMBs) and exporters are reportedly causing banks to pull back on corporate lending. Because the credit and collateral regulations aim to provide cheaper credit to businesses that are smaller...
