A recent report finds that a majority of American and Canadian consumers say they’d be willing to share financial information with FinTechs if it meant faster and more convenient digital financial experiences. This report, issued by Mastercard, suggests 90% of consumers in both countries use...
Despite a slow start in the United Kingdom and much of Europe, open banking is catching on, and this progress will likely accelerate rather than slowing down, Pinar Ozcan, professor of entrepreneurship and innovation at Saïd Business School, Oxford University, told PYMNTS. Ozcan, who also serves as academic director of the Oxford Future...
People have embraced digital financial services, with 43% saying they handle their banking needs entirely online or through a mobile app. Alongside this digital shift, ATMs are seeing popularity, with the ATM market growing at a 4.9% compound annual growth rate (CAGR). Banks have found...
Unit, a Banking-as-a-Service platform empowering companies to embed financial services into products, announced Thursday (Jan. 20) that it has debuted a new way to issue virtual cards. It will be a new pilot environment, letting companies making live bank accounts and issue virtual cards in...
As the result of the pandemic, more and more banking customers worldwide rely on mobile and online banking solutions: 41% of consumers report that they bank primarily via mobile app, in fact, and 26% now say they prefer to use their computers. Aside from these trends, there is another...
In the age of machine learning, when relying on algorithms that consume, process and ultimately deliver a verdict on large amounts of data, it can be challenging to understand and explain what’s going on behind the scenes — and why the outcome is what it...
London challenger bank Revolut is launching Savings Vault to provide Revolut Metal customers with a savings product that offers a 0.7% interest rate to help people reach their financial goals, according to a press release emailed to PYMNTS on Monday (Jan. 17). The global FinTech...
Serving digital-first banking clients means meeting them where they are, whether they reach out online or want to talk finances over a glass of wine at an in-branch cellar. In the Digital-First Banking Tracker, Silicon Valley Bank’s Milton Santiago explains how cross-channel access to personalized...
Banking customers are less likely than ever before to visit branches, and 43% say they bank entirely online or through a mobile app. At the same time, the ATM market is growing at a 4.9% compound annual growth rate (CAGR), as interactive teller machines (ITMs)...
