Digital banking

CFCU Community Credit Union Selects Constellation’s Digital Banking to Power New Member Experience and Boost Digital Offerings

Retrieved on: 
Tuesday, December 5, 2023
Banking, Technology, Electronic Commerce, Professional Services, Payments, Public Relations, Investor Relations, Security, Other Technology, Communications, Software, Networks, Other Professional Services, Internet, Data Management, Finance, Consulting, Fintech, Constellation, Electronics manufacturing services, Digital, Digital banking, Credit union, Cryptocurrency

Leading cloud-native digital banking services provider Constellation Digital Partners (Constellation) announced today that $1.4 billion asset-sized CFCU Community Credit Union (CFCU) has selected the Constellation Digital Banking platform , to power its new digital banking experience, offering more control over the products and services available to its members.

Key Points: 
  • Leading cloud-native digital banking services provider Constellation Digital Partners (Constellation) announced today that $1.4 billion asset-sized CFCU Community Credit Union (CFCU) has selected the Constellation Digital Banking platform , to power its new digital banking experience, offering more control over the products and services available to its members.
  • The credit union initiated its journey towards a complete digital overhaul in 2024 by introducing the "CFCU More" app, delivered on the Constellation platform, late in 2022.
  • This approach has been successful, with about 17% of active digital banking users already using the app, and the credit union expects this number to grow.
  • By leveraging Constellation's Digital Banking platform, the credit union can maintain collaborations with existing vendors and explore new technology partnerships, enhancing its service offerings to members.

CREDIT ONE BANK EXPANDS DIGITAL BANKING PORTFOLIO WITH LAUNCH OF JUMBO HIGH-YIELD SAVINGS ACCOUNT

Retrieved on: 
Wednesday, December 13, 2023
Federal Deposit Insurance Corporation, Senior, Bank, Digital banking, Customer engagement, Credit One Bank, FDIC, APY

LAS VEGAS, Dec. 13, 2023 /PRNewswire/ -- Credit One Bank, a financial services company and one of the fastest-growing credit card issuers in the U.S., announced today the launch of its new Jumbo High-Yield Savings Account (JHYSA) offering a 5.05% APY* to qualified customers.

Key Points: 
  • Additionally, customers have 24/7 Account Access online and through the Credit One Bank Deposits mobile app.
  • Credit One Bank's digital banking portfolio also includes a Jumbo Certificate of Deposit (CD) and Jumbo Bump-Up Certificate of Deposit (Bump-Up CD).
  • "The new Jumbo High-Yield Savings Account expands Credit One Banks's digital offerings, giving customers more power than ever to grow their money."
  • Consumers can visit CreditOneBank.com/deposits to find information about each digital banking product including savings and CD rates, account benefits, terms and conditions, and account sign-up.

OneConnect Announces Third Quarter and Nine Months Ended September 30, 2023 Unaudited Financial Results

Retrieved on: 
Monday, November 13, 2023
Research, Digital banking, Risk management, Administration, Research and development, OneConnect Financial Technology, ADS, Ecosystem, Marketing, Digital, Development, Operating cost, General Motors Gamma platform, Video game, Pharmaceutical industry

SHENZHEN, China, Nov. 13, 2023 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE: OCFT and HKEX: 6638), a leading technology-as-a-service provider for financial services industry in China, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2023.

Key Points: 
  • Gross profit in the third quarter of 2023 decreased to RMB295 million from RMB375 million for the same period in the prior year.
  • Gross margin decreased slightly by 0.1 percentage point from 35.1% in the third quarter of 2022 to 35.0% in the third quarter of 2023.
  • For a reconciliation of the Company's IFRS and non-IFRS gross margin, please refer to "Reconciliation of IFRS and Non-IFRS Results (Unaudited)".
  • For the third quarter of 2023, net cash used in operating activities was RMB190 million.

New Report Reveals Growing Small Business Check Fraud Problem

Retrieved on: 
Tuesday, November 7, 2023
Security, Data Management, Legal, Technology, Finance, Small Business, Banking, Other Consumer, Professional Services, Online Privacy, Digital Cash Management, Digital Assets, Other Technology, Payments, Consumer, Internet, Benchmark, Diamond, Digital, Small business, CI&T, Fraud, Financial Crimes Enforcement Network, Research, Department of the Treasury, Multimedia, Senior, Growth, Digital banking, Small Business Administration, Partnership, Cornerstone, GM, CI, Cryptocurrency, MTX Audio

View the full release here: https://www.businesswire.com/news/home/20231107781210/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231107781210/en/
    The Mitek report revealed that nearly a third (31%) of small businesses have been victimized by check fraud in the past year.
  • In addition, among the small businesses affected by check fraud, a total of 65% reported losses exceeding $50,000 – a significant sum of money for a small business to absorb, especially in uncertain times.
  • Small businesses underpin the American economy, with 33.2 million small businesses across the U.S., according to the Small Business Administration.
  • “The findings in Mitek's 2023 Mobile Deposit Benchmark Report show the heightened need for comprehensive fraud protection solutions designed to cater to the needs of small businesses."

Survival of the fintech - WFIS to unveil Indonesia's market leaders

Retrieved on: 
Monday, October 23, 2023
Cloud, Crypto, System, Fintech, Digital, OutSystems, CX, Grandiosity, Credit bureau, Big data, FSI, Policy, Security, Ab Initio Software, Organization, WFIS, Operational technology, Trust, Digital Trust Center, OpenText, Perkasa, Digital banking, Risk, Digital asset, Policy studies, Hype, Ciso, OJK, AI, Finance, IBM, Retail Banking Academy, Cryptocurrency, Medical device, Newgen

JAKARTA, Oct 23, 2023 - (ACN Newswire) - While the stakes are soaring high, fintech companies in Indonesia are vying to get on top and dominate the FSI market.

Key Points: 
  • JAKARTA, Oct 23, 2023 - (ACN Newswire) - While the stakes are soaring high, fintech companies in Indonesia are vying to get on top and dominate the FSI market.
  • Jakarta's most iconic 5-star hotel, The Ritz-Carlton Jakarta, Pacific Place has been chosen as the venue for the 2-day event.
  • As a long-standing annual platform, WFIS over the years has emerged as the home turf for Indonesia's leading fintech companies to demonstrate their thought leadership and cutting-edge solutions.
  • The reputation for hosting the strongest buyers from the region is the primary reason that entices the fintech companies to participate at WFIS.

Entersekt Launches the First Mobile Application Authentication Solution Through the Q2 Innovation Studio

Retrieved on: 
Wednesday, October 18, 2023
Banking, Technology, Professional Services, Payments, Electronic Commerce, Online Privacy, Security, Apps, Applications, Internet, Mobile, Wireless, Finance, SIM, Wire, Q2, Fraud, ACH, Manual, Digital banking, SDK, Apple Pay, Entersekt, Friction, FIS, Security printing, Online shopping, Cryptocurrency

Entersekt announced today that fully integrated mobile application authentication with biometrics is now available for financial institutions using the Q2 Digital Banking Platform.

Key Points: 
  • Entersekt announced today that fully integrated mobile application authentication with biometrics is now available for financial institutions using the Q2 Digital Banking Platform.
  • The pre-integration allows for instant deployment to an FI’s mobile banking app, simple configuration, and accelerated time to value.
  • Avoid 3rd party one-time passcodes for debit card ecommerce payments and provide a simple, trusted user experience within the mobile banking app.
  • Entersekt is a Q2 Innovation Studio partner, and Entersekt Authentication for the Q2 Digital Banking Platform can be found on the Q2 Marketplace .

Discover Financial Services Reports Third Quarter 2023 Net Income of $683 Million or $2.59 Per Diluted Share

Retrieved on: 
Wednesday, October 18, 2023
Other Professional Services, Other Retail, Finance, Banking, Professional Services, Consumer, Other Consumer, Retail, Digital, Club, NYSE, Delinquent, PULSE, Acquisition, DFS, Bank statement, Growth, Interest, Risk management, Digital banking, Marketing, Restaurant, Central Time, Payment, Investment, Discover Financial, Cryptocurrency, Pharmaceutical industry, Bank, Health insurance

The comparative prior quarter ended September 30, 2022 has been restated to reflect immaterial corrections to the financial statements.

Key Points: 
  • The comparative prior quarter ended September 30, 2022 has been restated to reflect immaterial corrections to the financial statements.
  • See Reconciliation of Prior Periods in the Financial Supplement for reconciliation to previously reported results
    Discover Financial Services (NYSE: DFS) today reported net income of $683 million or $2.59 per diluted share for the third quarter of 2023, as compared to a net income of $1.0 billion or $3.56 per diluted share for the third quarter of 2022.
  • Net interest income for the quarter increased $479 million, or 17% driven by higher average receivables partially offset by net interest margin compression.
  • Payment Services pretax income of $85 million was up $32 million year-over-year primarily driven by increased PULSE revenue.

TD named Best Consumer Digital Bank in North America for third consecutive year by Global Finance

Retrieved on: 
Thursday, October 19, 2023
Digital, Scotiabank, Toronto-Dominion Bank, Bank, CIBC, Financial services, Digital banking, Commercial software, Consumer, Financial system, Neobank, Growth, Comscore, RBC, TD, J.D. Power, BMO, Cryptocurrency, Mobile phone, Online shopping, Infosys

TORONTO, Oct. 19, 2023 /CNW/ - TD Bank Group (TD) has been named the "Best Consumer Digital Bank in North America" for the third consecutive year by Global Finance in their World's Best Digital Banks Awards 2023.

Key Points: 
  • TORONTO, Oct. 19, 2023 /CNW/ - TD Bank Group (TD) has been named the "Best Consumer Digital Bank in North America" for the third consecutive year by Global Finance in their World's Best Digital Banks Awards 2023.
  • "Developing a deeper understanding of customer preferences so we can serve their unique needs through digital is critical," says Rizwan Khalfan, Chief Digital and Payments Officer, TD Bank Group. "
  • We're proud to be recognized by Global Finance for our personalized digital offerings for the third year in a row."
  • To learn more about TD Bank Group's enterprise approach to innovation, TD Invent, please visit https://tdinvent.td.com

TAB Bank Appoints Austin Strong as Chief Strategy Officer

Retrieved on: 
Thursday, October 5, 2023
Real Estate Bank of Arkansas, Strategic partnership, Customer experience, CSO, Certified Public Accountant, Risk, Real estate, TAB, Digital, Internal audit, Zions Bancorporation, Growth, Marketing, Digital banking, Ernst & Young, Ernst, Executive, Weber State University, Retail, Management

OGDEN, Utah, Oct. 05, 2023 (GLOBE NEWSWIRE) -- TAB Bank , a technology-driven online bank, announces its long-time employee, Austin Strong, has been promoted to Chief Strategy Officer (CSO).

Key Points: 
  • OGDEN, Utah, Oct. 05, 2023 (GLOBE NEWSWIRE) -- TAB Bank , a technology-driven online bank, announces its long-time employee, Austin Strong, has been promoted to Chief Strategy Officer (CSO).
  • Strong started his journey with TAB 11 years ago, initially as the Director of Internal Audit and most recently as the Executive Vice President of Digital Banking.
  • “For over a decade, Austin Strong has been instrumental in fulfilling TAB Bank’s mission of unlocking dreams for our customers with bold financial solutions that lift and empower,” said Rick Bozzelli, President and CEO of TAB Bank.
  • Before joining TAB Bank, Strong worked with Ernst & Young in its assurance practice, supporting public and private businesses in the banking, automotive, real estate, entertainment, and insurance industries.

Fintech Surge to Unleash Financial Innovation

Retrieved on: 
Wednesday, October 11, 2023
Nexus, Investment, Partnership, SME, Morgan Stanley, Dubai World Trade Centre, AI, Small business, World Bank, Digital banking, Emirate, Mastercard, World Economic Forum, Emirates NBD, Drug, Bank, Cryptocurrency, Swift, Fintech

Global gathering to capitalise on Dubai's pioneering status as a leading fintech hub

Key Points: 
  • Driven by emerging digital technologies, changing consumer behaviours, lower regulations for financial services provided by non-banks and increased investments, start-ups are now challenging traditional banks and fintech innovation is accelerating at pace.
  • Trixe LohMirmand, Executive Vice President of Dubai World Trade Centre, comments: "Fintech Surge is the epicentre of technological revolution.
  • Fintech Surge will offer two conference tracks where more than 80 global leaders will discuss the trends propelling the sector.
  • As the industry-defining platform for financial innovations and with more than 1,000 investors expected to attend, Fintech Surge remains a leading platform for the global fintech ecosystem.