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Citi tweaks digital channels to handle COVID-19 volume spike 

BankInovation

As consumers are flocking to digital banking channels during the COVID-19 pandemic, banks are rethinking how they handle customer interactions. For Citibank, this has meant tweaking its mobile app to help customers easily self-serve.

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In Banking Innovation, Eyeing The Needs Of The ‘Digital Native’

PYMNTS

As millennials rise through the ranks and within the ranks, we see the rise of what he termed “digital natives.”. In exploration of just who those natives might be, he explained, “These are the kids that actually have been born with a mobile device in their hand. The average age of a first-time phone owner in the U.S. is 10 years old.

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Satisfaction Drops As People Bank Digitally More Often: How to Avoid That

The Financial Brand

Banks and credit unions shouldn't focus solely on creating a better mobile experience, but build a holistic relationship based on trust. The post Satisfaction Drops As People Bank Digitally More Often: How to Avoid That appeared first on The Financial Brand.

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Why BofA, not Fintechs or Amazon, Should Keep Bankers Awake at Night

The Financial Brand

Senior executives reveal eye-opening digital growth statistics as the megabank unveils new mobile banking features and branch and ATM plans. The post Why BofA, not Fintechs or Amazon, Should Keep Bankers Awake at Night appeared first on The Financial Brand.

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Traditional Customer Acquisition Methods in Banking Are Dead

The Financial Brand

New growth will come less from branches and buying other banks and more from acquiring tech, shopping, media or other data-rich companies. The post Traditional Customer Acquisition Methods in Banking Are Dead appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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How Huntington Bank Has Quietly Become a Digital Powerhouse

The Financial Brand

Some insist regional banks are doomed. But they overlook a midwestern institution that gives away little to the megabanks in retail banking. The post How Huntington Bank Has Quietly Become a Digital Powerhouse appeared first on The Financial Brand.

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Challenger Bank Strategies for Banks and Credit Unions

The Financial Brand

Taking a page from challengers' playbooks can help traditional institutions avoid the 'commodity' product trap and spur customer acquisition. The post Challenger Bank Strategies for Banks and Credit Unions appeared first on The Financial Brand.