Remove 2018 Remove Digital Banking Remove Marketing Remove Millennials
article thumbnail

Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds

PYMNTS

The push toward digital banking seems an inexorable one, with the technology and demographics acting as tailwinds, and where governments have increasingly gotten into the act of promoting digital banks (the pure-play kind) and making forays into bits and bytes, where once paper and face-to-face transactions reigned.

article thumbnail

Credit Unions Unite Behind Digital Banking

PYMNTS

There is a sense, however, that CUs themselves bear responsibility for falling behind the digital banking trends that first took hold with consumers. Digital Unison. There are encouraging signs, too, such as fee income rising more than 7 percent year over year (2018-19) and robust loan originations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Canada’s Twist On The Digital Banking Model

PYMNTS

Exhibit A: EQ Bank , at the beginning of 2016, took its place as Canada’s first digital-born bank, and has now reached $2 billion in deposits. The concept is a bit different than might be seen with other digital banking models. Such a meteoric pace indicates a key question for banks considering the digital route.

article thumbnail

Ukrainian Bank Partners With Swedish FinTech

PYMNTS

Rosvall added that its “mission of helping millennials save more and feel better about their money” makes Dreams an “ideal” partner. The collaboration will also help UKRSIBBANK stay ahead of the competition and “futureproof its digital banking offering” as challenger banks and FinTechs crowd the personal finance landscape.

Fintech 131
article thumbnail

Today In Data: Going Big, Thinking Small

PYMNTS

The marketplace of 2018 and its many opportunities are the favored fodder for optimists in the digital age. 372 million: Estimated property damage (so far) from the Kilauea volcanic eruptions of 2018. 1 trillion: Value of loan balances held by credit unions as of March 2018.

Data 100
article thumbnail

Credit Unions’ Digital Future: More Like YouTube, Less Like Online Banking

PYMNTS

Digital banking is not the main element that drives consumers toward using a credit union. However, as Lumin Digital President Jeff Chambers told Karen Webster in a recent conversation, that doesn’t mean the digital banking experience isn’t critical to credit unions’ relationships with their members.

Online 123
article thumbnail

Chime’s Expanding Banking Services Menu

PYMNTS

By 2016, Chime was in the market with the full suite of features that digital banks offer today. As a pure-play digital bank, Chime offers as its primary product an entirely mobile/digital banking application that gives customers access to a network-branded debit card and a savings account.