Mobile Banking/page/5 news and trends

Pinwheel and Candescent Launch Direct Deposit Switching Partnership
Partnerships // October 30, 2024

FinTech Pinwheel teamed with account opening solutions firm Candescent, formerly Terafina. The partnership brings Pinwheel’s direct deposit switching solution to Candescent’s bank and credit union clients, according to a Wednesday (Oct. 30) press release. “Consumers today have more accounts than ever before, banking at multiple...

Self-Service Banking Gets Boost From New Digital Channels
Banking // October 28, 2024

It wasn’t long ago that self-service banking meant punching a keypad on an ATM located at a bank vestibule — after banking hours, perhaps — and getting access to cash or depositing checks. Banking is moving beyond the confines of the branch setting and ATMs,...

66% of Zillennials Prefer Mobile Banking, Outpacing Other Generations by 47%
Zillennials // October 22, 2024

A new wave of financial engagement is emerging among zillennials — those straddling the line between Generation Z and younger millennials. This microgeneration, currently ranging from their late 20s to early 30s, is prompting a major change in banking habits, primarily through mobile technology, while...

Balance Sheet Optimization, Expense Discipline, Digital Growth Define Truist’s Quarter
Earnings // October 17, 2024

After weathering volatility in recent years, banks can now deploy excess capital, signaling confidence in their long-term growth prospects. That was the story shared by Truist executives during a third-quarter 2024 earnings call Thursday (Oct. 17). They said the bank “returned $1.2 billion of capital...

Interviews & Exclusives
66% of Zillennials Prefer Mobile Banking, Outpacing Other Generations by 47%

October 22, 2024
A new wave of financial engagement is emerging among zillennials — those straddling the line between Generation Z and younger millennials. This microgeneration, currently ranging from their late 20s to early 30s, is prompting a major change in banking habits, primarily through mobile technology, while still maintaining ties to traditional financial institutions. A PYMNTS Intelligence […]

60% of Millennials Primarily Use Mobile Banking Apps

September 16, 2024
The surge in digital banking has redefined the financial services landscape, appealing particularly to tech-savvy younger generations. As digital transactions and mobile apps become commonplace, banks are at a crossroads....

Exclusive: Mercado Pago CEO on Building Brazil’s Biggest Digital Bank

August 16, 2024
Most countries measure banking activity in terms of where and how it happens. Hence distinctions such as in-branch, ATMs, online and mobile. But in Latin America, for all intents and...

Cardinal Credit Union’s Digital Leap: Financial Education Meets Modern Banking

August 06, 2024
Cardinal Credit Union, a 71-year-old CU based in Ohio, is rooted in bringing financial education to the community and in educating younger generations. But the key to its future success...

Quick Reads
Pinwheel and Candescent Launch Direct Deposit Switching Partnership

October 30, 2024
FinTech Pinwheel teamed with account opening solutions firm Candescent, formerly Terafina. The partnership brings Pinwheel’s direct deposit switching solution to Candescent’s bank and credit union clients, according to a Wednesday (Oct. 30) press release. “Consumers today have more accounts than ever before, banking at multiple institutions to satisfy their varying financial needs,” the release said. […]

FIS and Neural Payments Partner on P2P Payment Service

August 15, 2024
FIS and Neural Payments have partnered to help banks offer peer-to-peer (P2P) payment capabilities to their customers. This collaboration will make Neural Payments’ P2P payment solution available via FIS’ NYCE...

Lydia Turns to Marqeta to Power Sumeria Banking App

June 04, 2024
Card-issuing platform Marqeta has expanded its partnership with French payments firm Lydia. This extended collaboration, announced Tuesday (June 4), will see Marqeta power Lydia’s European digital banking super app Sumeria....

J.P. Morgan Adds Fractional Shares Capability to Self-Directed Investing Experience

May 30, 2024
J.P. Morgan has enhanced its Self-Directed Investing experience, adding new features to provide clients with better tools and resources for making informed investment decisions. One of the key enhancements is...