FICO
APRIL 7, 2022
Following the highly successful The 11 Commandments of Digital Banking eBook , we are publishing a series of 5 deeper dive blog posts that group the 11 Commandments below into common themes: Digital lift-and-shift is not a strategy! Bank of America [Example]. "We Brian Moynihan, CEO of Bank of America.
CB Insights
JANUARY 5, 2021
In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. Source: FDIC. Source: PwC. The unbanked/underbanked.
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PYMNTS
DECEMBER 16, 2020
Aeldra, whose partners include Blue Ridge Bank, N.A, banking and investment through a “digital private banking” experience. resident and non-resident international clients of Aeldra can open an FDIC-insured U.S. provides global clients with smooth access to U.S. With i2c's partnership we're making it real.
PYMNTS
FEBRUARY 19, 2020
The research filtered data from the Federal Deposit Insurance Corporation (FDIC). Since 2009, bank branches have been steadily declining from a high of near 100,000. In excess of 13,200 branches have closed in the past 10 years as the industry has gone digital, JLL said. Bank of America planned to shutter 129 branches.
PYMNTS
NOVEMBER 12, 2020
FDIC) study found that the number of unbanked U.S. Lacking access to bank accounts is making it more challenging to save.”. Making mobile and digital payments accessible and seamless will go a long way toward financial inclusion in America, while meeting the urgent need for funds during a time of economic difficulty.
PYMNTS
JANUARY 30, 2018
When Bank of America announced last week that it was terminating its free checking option for low-balance customers, a literal Tweet storm broke out. The new program, first launched in 2010, was a digital-only offer for customers with low-balance checking accounts. Last week, the bank shut down the program completely.
PYMNTS
MARCH 18, 2019
According to the Federal Deposit Insurance Corporation (FDIC), the percentage of unbanked Americans fell to its lowest level since the 2007-2009 financial crisis. Bank of America had a free checking account that was popular among low-balance customers, but last year discontinued the program. In 2017, 6.5 percent of 129.3
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