PYMNTS

JULY 16, 2020

Bank of America reported Thursday (July 16) that that the number of customers using the firm’s mobile and digital platforms grew during the second quarter even as the pandemic raged. However, the bank nonetheless built up an extra $4 billion in reserves during the period to cover any future credit losses. billion for U.S.

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PYMNTS

OCTOBER 16, 2019

Zelle P2P payments increased 76 percent year-over-year (YoY) in the third quarter of 2019, Bank of America said on Wednesday (Oct. In its Q3 financial release , Bank of America also gave updates on its mobile and digital efforts. million active mobile banking users. During the quarter, consumers made 80.8

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PYMNTS

OCTOBER 9, 2020

In today’s top news in digital-first banking, the government of the Philippines is considering limiting the number of digital banks that run in the country, while Ripple introduced its Line of Credit beta offering. Philippine Government Considers Digital Bank Limits.

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Digital Banking cryptocurrency America Meeting 132

PYMNTS

OCTOBER 15, 2020

Thus far into earnings season, a slew of big banks, spanning J.P. Morgan, Citi, Wells Fargo, Bank of America and Goldman (where consumer deposits stood at $96 billion in the latest tally, up $4 billion in the quarter) have shown variations on a theme: We’re emerging from what seems (so far) to be a nadir seen earlier in the year.

America 171

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PYMNTS

OCTOBER 15, 2020

Thus far into earnings season, a slew of big banks, spanning J.P. Morgan, Citi, Wells Fargo, Bank of America and Goldman (where consumer deposits stood at $96 billion in the latest tally, up $4 billion in the quarter) have shown variations on a theme: We’re emerging from what seems (so far) to be a nadir seen earlier in the year.

America 220

America Cards Mobile Management 220

Banking Exchange

MARCH 18, 2020

Bill Harris to chair One alongside CEO Brian Hamilton; launch slated for summer 2020 after successful funding round The Economy Technology Retail Banking Feature3 Fintech Feature Financial Trends Mobile Online Tech Management Customers.

America 97

America Digital Banking Trends Retail 97

PYMNTS

JUNE 10, 2020

In one of the signs of where we are and where we are headed in the warp-speed transformation of digital banking, consider the internet meme that poses a multiple-choice question and series of answers. Who led the digital transformation of your company? A) CEO B) CFO C) COVID-19.”.

Digital Banking 145

Digital Banking Mobile Security Examples 145

PYMNTS

APRIL 5, 2019

Bank of America said it’s going to modernize more than 50 percent of its branches to match the changing way people bank, according to a report by Reuters. We have been very encouraged by the initial results of our center redesigns and expansions,” said Aron Levine, head of Consumer Banking and Investments for Bank of America.

America 128

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PYMNTS

DECEMBER 30, 2019

In today’s top payments news, PayPal further integrates with Argentinian eCommerce company MercadoLibre, and Singtel and Grab partner to launch a digital bank in Singapore. PayPal expanded its partnership with Argentinian eCommerce company MercadoLibre, positioning itself to capture a larger share of the Latin America market.

Digital Banking 130

Digital Banking eBook Payments America 130

Bank Innovation

APRIL 18, 2017

Bank of America’s mobile customers are fast embracing P2P. “We We remain a leader in digital banking and continue to see strong digital growth,” said Paul Donofrio, Bank of America’s chief financial officer, during the company’s earnings call this morning.

America 300

America Digital Banking Mobile Payments 300

Bank Innovation

MARCH 13, 2018

EXCLUSIVE - Before social media platform Facebook became a popular channel for digital banks to offer banking features to its customers, let’s not forget that FB was first and foremost an important advertising tool for banks to reach a younger audience. Take British challenger bank Starling Bank, for example.

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Digital Banking social media Tools Examples 249

Bank Innovation

FEBRUARY 5, 2020

As consumers increasingly expect to complete bank interactions online, a survey commissioned by Lightico indicates that creating end-to-end digital journeys continues to be a struggle for many banks.

Survey 221

Survey Digital Banking Online Company 221

Chris Skinner

FEBRUARY 22, 2017

That’s why governments use banks as their online police. But what happens when consumers stop banks and governments tracking them through the system in this way? The person was alluding to a collusion between large financial firms and government snooping. Well, of course that’s true.

America 262

America Data Analysis Course 262

The Financial Brand

MAY 19, 2020

Coronavirus unleashed adoption of online and mobile services. Better understanding of past digital reluctance and 10 tips will keep it going. The post How to Keep Seniors Coming to Digital Banking After America Reopens appeared first on The Financial Brand.

America 38

America Digital Banking How To Branding 38

PYMNTS

JULY 21, 2020

The European Union’s financial authorities are monitoring how the pandemic may be affecting banks’ and FinTechs’ compliance with rules such as the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2), for example. How The Pandemic Is Highlighting Open Banking Challenges In Latin America.

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Mobile Report America Regulation 229

PYMNTS

JANUARY 15, 2021

Pushed by that lower spending and low interest rates, Global Consumer Banking was also down by 11 percent to $7.3 In North America the picture was a bit brighter; revenues were down by 11 percent to $4.7 Mobile users of Citi banking services, he noted, are up 95 percent year on year. Citi-branded card revenue came in at $2.1

Digital Banking 160

Digital Banking Cards Mobile Retail 160

The Financial Brand

MAY 20, 2020

Coronavirus goosed adoption of online and mobile services. Better understanding of past digital reluctance and 10 tips will keep it going. The post How to Keep Seniors Coming to Digital Banking After America Reopens appeared first on The Financial Brand.

America 35

America Digital Banking How To Branding 35

PYMNTS

JUNE 16, 2016

The continued movement by Bank of America toward digital banking could have the impact of lopping off as many as 8,000 jobs from the banking consumer unit, Financial Times reported. Online usage and headcount have been on the rise, and users have surpassed 20 million, the company stated.

Digital Banking 100

Digital Banking America Online Report 100

PYMNTS

JUNE 28, 2018

Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami. Mexico suffers the most cyberattacks in Latin America, followed by Brazil, according to the latest analysis from the Wilson Center. Fraud is a Top Worry. But that may now change, he said.

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America Security Miami Conference 102

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. The digital divide spans countries as well.

Digital Banking 98

Digital Banking US Online FDIC 98

BankInovation

OCTOBER 3, 2023

Banks are shuttering physical locations as digital and mobile banking adoption rises and footfall in branches dwindles. According to Forrester’s “The State of Digital Banking 2023” March report, online banking is the most popular channel in North America and throughout most of Europe.

America 63

America Survey Digital Banking Online 63

PYMNTS

FEBRUARY 7, 2020

Bank of America can now integrate data from key third-party business applications on its Business Advantage 360 platform to offer a more complete financial picture for small businesses, according to an announcement. Since the February 2019 launch, over 1 million Bank of America business owner clients have engaged with the platform.

America 160

America Google Analytics California 160

Bank Innovation

OCTOBER 26, 2016

LAS VEGAS — Bank of America announced its new chatbot, erica, yesterday at Money20/20 here. Erica should roll out for BofA digital and mobile banking users “late next year,” according to a spokeswoman from the bank.

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Las Vegas Meeting Video Digital Banking 150

CB Insights

DECEMBER 10, 2020

Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . The banking industry has not been spared from the impact of Covid-19. Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. Consumer deposits & savings.

America 101

America Lending Cards San Francisco 101

PYMNTS

JULY 24, 2020

The health crisis could have significant long-term impacts on open banking development in Latin America, where most countries’ regulators are either revamping existing strategies or rolling out new ones,” according to the July Guide. FinTechs Flourishing. Similarities To The EU.

America 168

America Regional Regulation Fintech 168

PYMNTS

JULY 23, 2020

Open banking has been picking up steam in Latin America for more than two years. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. The creation of open banking initiatives in the E.U.

America 165

America Regulation Regional Tools 165

PYMNTS

JANUARY 21, 2021

Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs. In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 million during the quarter.

Mobile 252

Mobile Report Trends Digital Banking 252

PYMNTS

APRIL 22, 2020

In the April Digital-First Banking Tracker ® , PYMNTS explores the latest in the world of digital-first banking, including new simplified loan deferment processes from Bank of America, $3.6 Developments From Around The World Of Digital-First Banking.

Analytics 141

Analytics Data America Cleveland 141

PYMNTS

DECEMBER 2, 2020

Miami-based eCapital said the move will enable it to grow its geographical presence beyond North America and add to its specialty lending offerings. The company is a provider of financing to small and medium-sized businesses (SMBs).

Miami 142

Miami Online Groups America 142

PYMNTS

APRIL 1, 2016

Bank of America said on Thursday (March 31) that it will begin pre-selecting eligible Visa cards owned and used by customers to be enrolled in Visa Checkout directly from BoA Online Banking. Customers being enrolled through the bank’s site need not go through Visa’s site.

Online 100

Online America Cards Apple 100

PYMNTS

JULY 3, 2019

” Users will have access to both digital and physical prepaid cards for online and offline purchases. They will not need a formal credit history or a traditional bank account to use the services, and the Airfox Mastercard will make it even easier to get cash from most ATMs in Brazil.

Digital Banking 100

Digital Banking ATM America Security 100

PYMNTS

JANUARY 30, 2019

Bank of America is giving free trades to its most loyal members, according to a report by Bloomberg. The bank will expand the eligibility for free trades on stocks and exchange-traded funds to the upwards of 5.25 million customers enrolled in the bank’s preferred rewards program. In all, Bank of America now has 36.3

America 142

America Mobile Digital Banking Tools 142

PYMNTS

JANUARY 15, 2020

Zelle peer-to-peer (P2P) payments increased 76 percent year-over-year in the fourth quarter of 2019, Bank of America said on Wednesday (Jan. In its Q4 financial release , Bank of America also gave updates on its mobile and digital efforts. As it stands, Bank of America now has 38.3

America 132

America Mobile Cards Digital Banking 132

Bank Innovation

AUGUST 23, 2018

Consumers want banks to do more than just hold their money, they want their banks to help them meet their financial goals. In fact, a new consumer report by CSI shows that 83% of American consumers agree with that statement. That number jumped to 87% for consumers with an annual household income of $100,000 or […].

Digital Banking 236

Digital Banking Meeting Report America 236

Bank Innovation

MARCH 5, 2018

EXCLUSIVE – Most Bank of America users do their deposits online or through ATMs, only 25% of them make deposits at branches. And yet, branches are still important to the bank.

ATM 210

ATM America Innovation US 210

PYMNTS

JANUARY 20, 2021

But the push into digital consumer banking proceeds apace, according to the numbers and management commentary. Bank of America’s Mobile Banking Customers Top 30 Million. Bank of America announced on Tuesday (Jan. Digital sales accounted for 45 percent of all consumer banking sales for the quarter.

Payments 142

Payments America Online Digital Banking 142

BankInovation

MAY 6, 2022

Most small and midsize business (SMB) owners have adopted new banking technology but are experiencing losses due to inflation.

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