Tagged: consumer behavior

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

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

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

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

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

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

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

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

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

  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

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

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

Send this to a friend