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Chime’s Expanding Banking Services Menu

PYMNTS

But, he realized, there are plenty of customers who can get bank accounts pretty easily, but can’t afford to maintain an account at a more traditional bank. King and Britt launched Chime in 2014 to address that underbanked segment. ”

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Google Pay Co-founders’ Indian Neobank Has Raised $13.2M

PYMNTS

Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million. When we were building Google Tez, we realized that a consumer’s financial journey extends beyond digital payments.

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Who are the holdouts still not using online banking?

NCR

It can be tempting to view online banking as the inevitable future of the sector. For many people, digital services are not only their preferred way of managing their finances, but the only way. Even if they are a shrinking part of a bank’s base, these consumers remain too numerous to be ignored.

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The Role Of ATMs In Bank Omnichannel Strategy

PYMNTS

Millennials are taking a mobile-first approach to banking, driving that transformation. However, older populations — and even millennials — still need the services provided by bank branches. Just like checking out their own groceries, customers want to handle basic banking transactions themselves.

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Are Rewards Programs a Requirement?

Independent Banker

Banking customers are no different. Statistics are especially compelling for those trying to attract and maintain the millennial segment. 2014, August 8). Consumers Say More Rewards Is Their Top Demand from Banks. Retrieved April 19, 2016, from https://www.colloquy.com/latest-news/2015-colloquy-loyalty-census/.

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CaixaBank Launches imaginBank, a Mobile-Only Bank for Millennials

Fintech Labs Insights

Available only via mobile app, imaginBank is a new initiative by Spanish bank, Caixabank targeting millennials. CaixaBank CEO Gonzalo Gortázar said the new mobile-only bank was part of a “commitment to providing new services that perfectly complement the more traditional banking model.” CaixaBank serves 2.9

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Getting Mobile Ready

Independent Banker

But how far are they willing to go to do their banking on small mobile devices? A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. Epperson, a managing director at the global business advisory firm AlixPartners LLP.

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