SMBs want cutting-edge digital banking services that help them attract — and interact — with global customers, yet still with personalized financial offers that cater to their business. In the Digital-First Banking Tracker, Canvas Credit Union’s Frank Robinson explains why offering hybrid approaches such as...
The digital transformation has been challenging for all businesses in the last two years of the pandemic, but perhaps none have been harder hit than small- to medium-sized businesses (SMBs). Approximately three-quarters of small businesses suffered losses in revenue, profit margins and sales due...
Not all that long ago, at the dawn of the millennium, money movement was no easy task. Netspend President Kelley Knutson told Karen Webster that much has changed in two decades — giving rise to what might be termed Banking 3.0 and shifting the way...
Single-function automated teller machines (ATMs) are on the way out, and worldwide deployment of multifunction automated deposit terminals (ADTs) is projected to grow 8% by 2026, even as the overall number of deployed ATMs declines. The Asia-Pacific market led the world in deployment of ADTs in 2020...
ATMs will occupy a central role in customers’ financial lives as long as cash is in play, but that doesn’t mean their features and services shouldn't evolve. In the Digital-First Banking Tracker, Quontic Bank’s Grace Pace explains how fee-free ATMs offering video chat services and...
Banking customers are increasingly reliant on digital tools for their banking needs, but 41% still use ATMs for some portion of their transactions. At the same time, the total number of ATMs deployed across the globe is declining, even as the functionality provided at ATMs...
There’s a great divide in cross-border remittances between send- and receive-heavy countries. Naushad Contractor, CEO of Fable FinTech, told PYMNTS that traditionally, banks and money transfer firms on the receiving side of the equation operated simply as a form of “dumb pipes” as money earned...
Roughly 70% of consumers have extremely or very high levels of trust in their financial institutions (FIs), which may lead one to wonder what’s going on with the other 30%. In an interview with PYMNTS, Mzukisi Rusi, vice president of solutions at Entersekt, said that...
Digital bank Lunar has closed a $76 million (€70 million) Series D-2 funding round, the Scandinavian company said in a blog post Friday (March 11). Lunar said the latest round brings its Series D funding to $307 million (€280 million) and will help it continue...
