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Here is our Digital Banking Playbook

South State Correspondent

You might need a new digital banking platform. Chances are your bank chose your current digital platform because it was easy. The Problem with Most Digital Banking Platforms The problem is architecture. Banks often lack a technology architecture plan and are channeled down dead-end streets.

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Why Retail Banking Needs a Reputation Rehab

PYMNTS

Most consumers probably don’t have strong opinions about their banks, since the relationship tends to be more transactional than emotional. However, in the 2019 Retail Banking Report, a study by Reputation.com that analyzed online data relating to retail banking locations for 23 major U.S.

Retail 103
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Banks Should Make 2024 a True ‘Year of Digital’

Gonzobanker

In fact, according to Cornerstone’s What’s Going On In Banking 2024 report, 14% of banks and 20% of credit unions stated that they are less than 25% complete with their digital transformation. Importantly, the company’s announced migration of “CEB” customers to D1 is a major lift and cheese-moving event for FIS customers.

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PNB, Nymbus launch digital bank Facile 

BankInovation

Miami-based Pacific National Bank is using a stand-alone digital brand called Facile to reach younger customers and position itself for long-term success. It’s aimed at giving the bank a peak into what we think banking is going to look like.

Miami 98
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Banking startup Level enters the high-yield savings race

Bank Innovation

Level, a digital banking startup based in San Francisco Calif., is trying to hook customers with a 2.1% The company, which launched its products nationally Wednesday, is coming into the market as fintech startups like Wealthfront, Betterment and Varo are touting high-yield savings accounts to vie for market share.

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Fighting digital banking fraud – Part 2: Mitigate the threat

NCR

As we explored in the first part of this two-part guide, digital banking fraud is an escalating threat to financial institutions and their customers. Digital banking fraud can take many forms, such as identity fraud and account takeover , which are becoming increasingly common. million in 2016.

Fraud 74
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The Tale of the Digital Banks

Gonzobanker

Yet while the demos and screen shots at events like Finovate have provided fascinating fodder regarding the future of digital banking, the FACTS show that these buzz-worthy players have had infinitesimal impact on market share. Bancorp Bank (Simple/PayPal et al) 1,495,558 4,499,959 3,004,401. Retail Banks $1,271,189,782.