December | 2017 | BankNews.com
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Monthly Archives: December 2017

Mobile User Authentication: Increasing BYOD Adoption Drives Growth

December 29 — The Global Mobile User Authentication market is expected to grow from $0.86 billion in 2016 to reach $3.36 billion by 2022 with a CAGR of 25.4%.

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WaterStone Partners with Grocery Store to Expand ATM Network

December 29 — WaterStone Bank announced a new partnership with FCTI Inc., a nationwide ATM network company, and Pick ‘n Save, the largest of four grocery banners of Roundy’s Supermarkets Inc., a wholly-owned subsidiary of The Kroger Co., to offer a network of 25 ATM locations at select Pick ‘n Save locations in late 2017. The new ATM network will be within WaterStone Bank’s footprint in suburban Milwaukee.

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Credit Card Rewards Drives Card Selection

December 28 — The most recent Insight Summary Report from Mercator Advisory Group’s biannual CustomerMonitor Survey Series, titled U.S. Consumers and Credit: Playing the Rewards Game, reveals that bank-issued rewards programs are becoming more valuable. When considering applying for a new credit card, consumers are more likely to visit their primary financial institution and consider it more valuable than searching online at other financial institutions or at an aggregator site.

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Santander Awards Nearly $6.6 Million to NPOs in Second Half of 2017

December 28 — Santander Bank announced that it awarded nearly $6.6 million in charitable contributions to 177 community-based non-profit organizations and 15 Community Development Financial Institutions (CDFIs) throughout its northeast footprint in the second half of 2017. These grants include more than $4.1 million awarded to non-profits providing financial education and small business support, including capital to low- and moderate-income (LMI) individuals, families and business owners, and more than $1 million in grant funding to private sector CDFIs. Together, these grants are part of the Bank’s recently announced $11 billion ‘Inclusive Communities’ plan, which outlines Santander’s Community Reinvestment Act (CRA) commitment across its eight-state northeastern U.S. footprint for 2017 through 2021 and details its strategy to increase its CRA activity by 50 percent and triple its investment in charitable grants.

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First National Bank and Trust to Launch Small Business Digital Lending Platform

December 27 — First National Bank and Trust Company (FNBT) has selected RCGILTNER Services Inc. to deploy a new digital lending platform for small businesses in the first quarter of 2018.

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