article thumbnail

4 experts share digital banking insights at Bank Customer Experience Summit

ATM Marketplace

Digital banking is here to stay, but doing it properly requires the right practices and tools. Four experts at the Bank Customer Experience Summit, held in Chicago from Sept. 13 to 15, shared insights into how to succeed in various areas of digital banking.

article thumbnail

Listen: BetaBank will leverage AI to level playing field for SMB lending

BankInovation

A startup digital bank is working with Google and Deloitte to automate its lending for small and midsize businesses (SMBs) and use artificial intelligence (AI) to eliminate bias.

Lending 98
Insiders

Sign Up for our Newsletter

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

article thumbnail

Chime Raises $500M On $5.8B Valuation

PYMNTS

DST Global led the Chime’s previous funding round that closed in March, which valued the digital bank startup at about $1.5 A second office is slated for Chicago and by the end of 2020, the company expects to more than double its staff. Chime’s rapid growth is happening as competition in the digital banking market widens.

article thumbnail

Byline in Chicago joins list of community banks closing branches

American Banker

The company will shutter a fifth of its locations, while reinvesting some of the savings in its digital banking platform.

Chicago 40
article thumbnail

How blockchain is helping Northern Trust self-execute contracts

American Banker

"Smart" contracts enable the Chicago-based trust bank to carry out deals without intermediaries, while archiving details on transactions that can be useful later. Experts say other banks could follow despite the complexities of cutting-edge technology and the risk of being hacked.

Chicago 69
article thumbnail

Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.

article thumbnail

Microsoft Looks To Power First Bank In Nigeria

PYMNTS

In May, Union Bank gave a nod to blockchain, with work in place for remittance channels that come to Singapore. Digital banking is also making inroads in Poland, where Alior Bank is linking with solarisBank, Mastercard and Raisin to create a digital bank geared toward serving all residents in the EU.