Digital Onboarding, Inc.’s Post

Super excited to share my latest NBER WP "To Pay or Autopay? Fintech Innovation and Credit Card Payments"! I study a fintech servicer that employs cashflow underwriting, a cool new technology that combines deposit + credit data for risk prediction 💡. By requiring consumers to link their bank accounts, cashflow underwriting generates a nudge to enroll in autopay. This nudge has BIG EFFECTS on autopay + minimum payments. Based on a regression discontinuity design, the nudge accounts for half of all autopay enrollment, and shifting all consumers into autopay would double minimum payments. https://lnkd.in/gBjGyRP2

The Fintech Times has shared an interview we did at Pay360 this year. While the focus is on all things DECTA, payments and fintech, I think the most important learning from the discussion is that I'm very passionate about lunch (thanks again, DIGISEQ Limited). https://lnkd.in/e_9w7VcN #decta #payments #fintech #pay360 #priorities #scottsthoughts

Navigating the Neobank Evolution: From Turbulence to Triumph 🌊💼 📈 Growth Amidst Challenges Neobanks faced closures due to higher interest rates, but top players thrived, growing 100% YoY and becoming profitable. 💼 Profitability Challenges COVID and low-interest rates exposed profitability issues, with only 5% of neobanks profitable. 💡 Brighter Outlook As interest rates rose, leading neobanks saw accelerated revenue growth from deposits and lending, leading to profitability. 🚀 Future Strategies Neobanks are expanding offerings and geographic reach, focusing on building financial super apps and increasing ARPU. #Neobanks #Fintech #DigitalBanking #FinancialGrowth #Profitability #BankingInnovation #InterestRates #COVID19 #Expansion #SuperApps #ARPU #RevenueGrowth Source: Sacra

Neobanking and the challenge of profitability...very interesting point of view. Attractiveness, loyalty, cost-to-serve and fraud prevention are key elements to reshape the model when necessary. #neobanking #businessmodel #profitability

Pay-by-bank is a trend in fintech these days, but it has some significant drawbacks. Those drawbacks don't matter to merchants and consumers in industries like cannabis and online gaming, and the lessons learned from those industries can tell us how pay-by-bank may evolve. Thanks to Aeropay for sponsoring this deep-dive essay! https://lnkd.in/gf2bEA4K

Come for the network, stay for the insights 💡 As of today we now show users with Bank accounts linked to VibePay, unique insights into their spending behavior - outside the payments we power ourselves 💸 Users primarily come to Vibe to transact. They pay and get paid directly from one bank account to another, by-passing card networks and wallet schemes and with that, any settlement delays and fees associated. However, since the turn of the year we’ve been focused on investing in areas of the product that we think will keep users in the vibe ecosystem for longer and deeper thier engagement and trust with our brand. With a large % of Vibe users having more than one bank account linked to Vibe, these insight messages which are delivered within bank branded channels, gives a holistic view of finances in one place. It's the Monzo Bank wrapped experience, regardless of who you bank with. The information we share and the frequency of which we send these “insight” messages will change over time as we gather feedback from the users (both personal and businesses) and monitor usage data. Intelligence will help us better understand what is and just as important - is not of value to the network. This update takes us one step closer to the fully embedded financial experience we want to create where Vibe users can link all their banks, communicate and regularly transact with those that are important to them, from peers, to small sellers and the brands they want to be seen supporting. Utilizing both PIS; to power real time, fee free transactions and AIS - to deliver better insights into what users of VibePay do with their money means we are now making use of all aspects of #OpenBanking to it’s full potential. #banking #payments #psd2 TrueLayer Plaid Tink Yapily Banked : Tarabut Lean Technologies Akoya Vyne @Ntropy #ai #transactions Godel Technologies Europe Sourcepulp Marcel van Oost

Great night with Headline: Fintech Panel Series💸 1) Despite the advances in digital payments, hundreds of millions of dollars continue to be processed through checks, representing roughly 20% of BILL transaction volume. 2) Given the well-established ACH infrastructure, consumer preferences still dominate the market. The key to winning in the fintech space today is creating a superior user interface (UI). Fintech companies are intensely focused on developing the best UI. 3) At Workee, we’ve encountered this as well - All big players are building ways to make money happen locally while swift remains the biggest system in the world yet. Thank you Henrique Ceribelli King Goh, CFA Matt Schrey Michelle F. and Headline for this event. #Fintech #Payments #Innovation #ConsumerTrends #EmbeddedPayments

Exciting News from Fixerra! 🚀 We are thrilled to announce the launch of our Neo-banking gateway! Digital businesses, apps, and fintechs can now seamlessly integrate digital savings accounts with our partner banks via our APIs, SDKs, and PWAs. This is Fixerra's second major product. After the success of our Fixed Deposit (FD) platform, we listened to your needs and developed this solution to further bridge the gap between banks and fintechs. Our mission is to enable fintech platforms to launch banking products quickly and compliantly. Use Cases: Digital Marketplaces: Offer integrated savings accounts to enhance customer engagement. Fintech Apps: Enable seamless savings account creation for your users. E-commerce Platforms: Add value with financial services directly on your site. Payment Apps: Provide users with easy access to savings accounts for better financial management. The Story Behind It: At Fixerra, our journey began by building digital infrastructure for Fixed Deposits across banks. The overwhelming response and trust our clients placed in us fueled our ambition to expand into liability-focused banking products. Our Neo-banking gateway is a natural progression in our mission to empower fintechs and digital platforms with cutting-edge banking solutions. We invite founders, product owners, and heads of platforms to explore the potential of our new product. Watch our GIF video below to see the features in action. Interested in seeing how it works? Schedule a demo with us today! #NeoBanking #Fintech #DigitalBanking #FixerraLaunch #APIs #SDKs #PWAs Akshar Shah Priyanka Shah Satra Archita Goyal Pranav Agrawal Tanya Kumawat Nagalakshmi K Achyut Gupta Saloni S Desai Vijaya Edke Dilip Rathod Arshya Dhawan

Robeco publishes an insightful piece on the rise of Neobanks.io, highlighting their shift from 'growth at all costs' to profitability. Authors Patrick Lemmens, Michiel Van Voorst, and Koos Burema, CFA discuss major players like Nubank and Revolut, which have reached profitability, and the overall market's potential, particularly in underbanked regions. Neobanks are poised to revolutionize the financial sector through innovation and diversified revenue streams. Explore more details on Robeco’s website. https://lnkd.in/e6Gt8Zy8 #Fintech #FintechNews

Was a pleasure to have Juliette Foster moderate such an impactful discussion with my fellow industry experts Ruth Foxe Blader and Isa Goksu we explored the dynamic fintech landscape, key trends like "banking as a service" and sustainable finance. Evolving consumer behaviours, driven by the popularity of "buy now pay later" services and emerging trends around #AI with recent interest on Generative AI underscored ongoing shifts accross #banking and #fintech landscape. Discussion was rich in reinforcing that collaborative strategies and partnerships are important. The importance of monitoring market trends in the UK and Europe post the US banking was highlighted, alongside the enduring significance of Artificial Intelligence (AI) in shaping product and proposition discussions, crucial for navigating the current financial environment. MoneyLIVE