Digital Transformation: Only 40% of Consumers Expect to Visit Physical Bank Branches After COVID-19, a Survey by Fintech Novantas Reveals

May 29, 2020 @ 6:54 pm By Omar Faridi |

The month of April 2020 saw a dramatic 200% surge in the number of new mobile banking registrations, meanwhile, mobile banking traffic increased by 85%, according to data from Fidelity National Information Services (FIS). The significant increase in mobile-based transactions may be attributed to the… Read More

Read more in: Fintech | Tagged brandon larson, consumer behavior, coronavirus, covid-19, digital banking, fis, jamie warder, key bank, maria schuld, north america, Novantas, online banking, united states, us

Argentina based Fintech Ohana to Launch Digital Wallet to Help Locals Pay for Daily Services via QR Codes, Send Money, Settle Taxes

May 26, 2020 @ 11:21 pm By Omar Faridi |

Argentina-based Fintech firm Ohana (which means “family” in Hawaiian) has revealed that its digital wallet will allow users to pay for everyday goods and services, and taxes. The company’s electronic wallet may also be used to send money to friends and family members. There’s an… Read More

Read more in: Fintech, Global | Tagged argentina, consumer behavior, digital payments, digital transformation, digital wallet, ohana, online payments, online wallet, South America

Digital Transformation Report: US Consumers were Already Shifting to Mobile, Online, Contactless Payments Before COVID-19

May 19, 2020 @ 11:09 pm By Omar Faridi |

The COVID-19 outbreak has led to significant changes in consumer behavior globally as many people throughout the world are now working remotely from home. Analysts are now questioning whether the behavioral changes are actually permanent or fundamental shifts that will last even after the Coronavirus… Read More

Read more in: Fintech | Tagged consumer behavior, digital banking, digital commerce, digital transformation, digital wallets, diigtal payments, e-commerce, fintech trends, mobile wallets, online paymments, online wallets, united states, us

AI-based Risk Assessment Solution Provider Deep Labs Secures $16 Million in Commitments from Fintech Investors

May 15, 2020 @ 4:56 pm By Omar Faridi |

US-based Deep Labs, a company that leverages artificial intelligence (AI) to develop “persona-based” risk assessment solutions, has reportedly managed to secure $16 million in commitments from several Fintech investors. Gunnar Overstrom, partner at Corsair Capital, Gramercy Ventures, and Serendipity Capital led the firm’s funding round…. Read More

Read more in: Artificial Intelligence, Fintech | Tagged ai, anti money laundering, artificial intelligence, consumer behavior, deep labs, identity fraud, risk assessment, scott edington

Touch-Free Shopping and Contactless Payments Increasingly Being Adopted by Consumers Due to COVID-19: Report

May 5, 2020 @ 7:56 am By Omar Faridi |

Touch-free shopping and contactless payments are being increasingly adopted by consumers across the globe, in order to prevent the further spread of the deadly Coronavirus. Many consumers have been trying to avoid ATMs that require users to manually enter their PINs, according to a… Read More

Read more in: Fintech, General News, Global | Tagged consumer behavior, contactless payments, coronavirus, covid-19, digital commerce, digital payments, e-commerce, foolproof, online payments, peter ballard, uk, united kingdom

Digital Banking: Nearly 65% of Singapore Residents Would Consider Working with a Neobank, Recent Survey Reveals

March 25, 2020 @ 8:51 pm By Omar Faridi |

Nearly 65% of Singapore residents say they would consider working with an all-digital bank, according to the recently published Visa Consumer Payment Attitudes Study. The study reveals that 84% of Singapore-based respondents said that they’d be willing to use virtual banking services offered by an… Read More

Read more in: Asia, Fintech, Global | Tagged consumer behavior, digital bank, digital banking, digital payments, Kunal Chatterjee, online banking, online payments, singapore, survey, visa