Finicity news and trends

Jack Henry Launches Centralized Business Banking Solution for Community Banks
Banking // January 25, 2024

Jack Henry has introduced a cloud-native banking solution designed to enable community banks and credit unions to better support small and medium-sized businesses (SMBs). The new Banno Business solution equips these financial institutions with advanced digital tools that deliver modern banking experiences, the company said...

Deserve Adds Digital Processing Capabilities to Credit Card Issuing Platform
Digital Payments // October 24, 2023

Deserve, a mobile-first credit card issuing platform, launched new digital processing capabilities that aim to help banks and credit unions transform digital payment experiences. The capabilities, built using Mastercard technologies, provide direct connectivity to the Mastercard network for mobile apps or software development kits, Deserve...

UpSWOT and Mastercard Partner on Open Banking for Small Businesses
Digital Banking // January 17, 2023

upSWOT and Mastercard have teamed up to help banks offer new services to business clients.  The new partnership adds Mastercard’s open banking capabilities and its subsidiary Finicity’s services to upSWOT’s white-label embedded finance and business management platform, the companies said in a Tuesday (Jan. 17)...

Millennial Minute: Sharing Data Digitally Not a Hangup for 80% of Millennials Opening New Accounts
Data // May 09, 2022

The pandemic has pushed the digital shift forward by three to five years minimum, and that’s made it easier — and more attractive — for high-earning millennials and bridge millennials to open financial accounts. It’s also intensified the focus on the data consumers share to...

Interviews & Exclusives
72% of Consumers Manage Their Lending Accounts Online

March 11, 2022
Most consumers have loan accounts with outstanding balances, and most of them manage those accounts online.  According to “Account Opening And Loan Servicing In The Digital Environment,” a PYMNTS collaboration with Finicity, a Mastercard company, 61% of consumers have loan accounts with outstanding balances.  Get the Report: Account Opening And Loan Servicing In The Digital […]

Security, Trust Key to Consumer Adoption of Open Banking

February 23, 2022
Americans have opened new accounts, taken out additional loans and carried balances in the past year, and many showed preferences for managing all of this digitally. But they remain concerned...

24% of Consumers Don’t Trust Digital Account Opening Tech

February 22, 2022
Fifty-nine percent of consumers have opened new financial accounts in the past year, according to Account Opening And Loan Servicing In The Digital Environment, a PYMNTS collaboration with Finicity, a...

Finicity CEO: Regulatory Patchwork Holds Back Open Banking Efforts in the US

December 16, 2021
U.S. companies may have made significant progress in bringing innovation to the payment systems that undergird the digital economy, but regulation hasn’t necessarily kept apace. That’s the message Finicity CEO...

Quick Reads
Mastercard Introduces White-Label Subscription Management Solution for Financial Institutions

March 12, 2024
Mastercard is piloting a subscription management solution that financial institutions can add to their consumer banking offerings. The new Smart Subscriptions solution enables consumers to cancel, pause and resume their subscriptions, the company said in a Tuesday (March 12) press release. It also helps consumers analyze and categorize their spending, see upcoming bills and receive […]

Jack Henry Launches Centralized Business Banking Solution for Community Banks

January 25, 2024
Jack Henry has introduced a cloud-native banking solution designed to enable community banks and credit unions to better support small and medium-sized businesses (SMBs). The new Banno Business solution equips...

Deserve Adds Digital Processing Capabilities to Credit Card Issuing Platform

October 24, 2023
Deserve, a mobile-first credit card issuing platform, launched new digital processing capabilities that aim to help banks and credit unions transform digital payment experiences. The capabilities, built using Mastercard technologies,...

UpSWOT and Mastercard Partner on Open Banking for Small Businesses

January 17, 2023
upSWOT and Mastercard have teamed up to help banks offer new services to business clients.  The new partnership adds Mastercard’s open banking capabilities and its subsidiary Finicity’s services to upSWOT’s...