Citi’s 2018 Mobile Banking Study released today shows that 31% of consumers...
News Roundup
This page contains an archive of the Global Newsletter summaries and the weekly fintech news roundups.
Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.
Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.
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With bank earnings season upon us we have seen a continued growth among mobile users at some of the biggest banks; JPMorgan Chase saw active mobile customers jump 13 percent and Wells Fargo saw total active digital users jump 3 percent; mobile banking has become a priority for all banks as the focus has shifted from just offering mobile to increasing engagement on mobile. Source.
A 2019 survey by Cornerstone Advisors found that 44 percent of millennials...
2019 was a banner year for mobile banking with finance apps accessed...
Alkami’s white label technology has helped to provide mobile banking apps for credit unions and banks; they just raised a $70mn series D round led by General Atlantic, with participation from MissionOG, S3 Ventures and Argonaut Private Equity; the company has a SaaS model where they charge banks on the number of users per month; they plan to use the new infusion of capital to grow their sales and invest in innovation. Source.
According to Fidelity National Information Services (FIS) there was a 200 percent...
Many people around the world still lack access to formal financial services and a financial identity; using a smartphone as a means to provide a financial identity is the best place to start when it comes to financial inclusion; article discusses why financial identity matters and the idea of communication as a commodity using data from data scientists at Juvo. Source
Citigroup reported that the number of customers using its mobile app rose...
A recent study by the Global Financial Literacy Excellence Center at the...
Pymnts.com talks with OnDeck executives and reports on alternative lending volumes; online small business lender OnDeck has loaned more than $7 billion to merchants since 2007; OnDeck Chief Revenue Officer Andrea Gellert and Vice President of Marketing and Communications Jim Larkin provide insights on the lending market and OnDeck's lending processes; discuss OnDeck's partnership with JPMorgan and how collaboration is benefiting small and medium size business. Source