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Is Stand-Alone The Future Of Digital Banking?

PYMNTS

As the world goes increasingly digital, banks are struggling to decide how they should package their digital service offerings. Should they fold digital banking services into their existing traditional brick-and-mortar accounts, or spin them off into stand-alone, digital-only entities? Why spin out?

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Banks Should Make 2024 a True ‘Year of Digital’

Gonzobanker

Banks and credit unions that have been hearing grumbles from users, noticing a decline in App Store ratings, or fighting a losing battle to improve their Net Promoter scores (NPS) for active digital users realize it’s time to explore their options in the vibrant digital banking ecosystem. #4. Due diligence is your friend.

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Virgin Money Buyout By CYBG Receives All-Clear

PYMNTS

“This is a unique combination that will enable us to compete with the large incumbent banks,” Duffy said. CYBG, which owns the Yorkshire and Clydesdale brand, moved to quell some consumer concerns about the transition, noting that there will not be an immediate switch for consumers.

Exercises 166
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Scale Matters … But Smart Matters More

Gonzobanker

Here are five key areas that Cornerstone would encourage management to start: Digital Self-Service Utilization – Many bankers are feeling confident they are catching up to the competition in the digital banking experience, but very few have exhausted the sheer productivity benefits of widespread digital self-service.

Tools 163
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Why Credit Unions Crush Loyalty

PYMNTS

Yet, CUs should exercise caution when collaborating with FinTech firms, as many have expressed interest in selling their products directly to members. percent of CU members said they would not switch from a CU to a FinTech because they have less trust in these brands. In fact, 55.8 About the Playbook.

Fraud 139
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Adobe to Acquire Marketo: So What?

Gonzobanker

And as FIs’ budgets move from mostly feel good brand stuff to driving demand, it’s hot. At the recent NCR conference, one of the gritty hallway chats was about how to integrate the Marketo and Digital Insight systems. In the morphing cross-industry world of sales, marketing and even some service outreach, it’s hot. But how hot?

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New Canadian Digital-Only Bank Banking On User Experience

PYMNTS

The challenge for the bank will be remaining competitive when the interest rate is ultimately dialed back and the offering itself – namely its features and user experience — need to steer the ship. It’s a bit of an unprecedented step – I don’t really know many banks that have a waitlist for their bank account.”.