PYMNTS
AUGUST 7, 2020
Whatever nomenclature you prefer — neobank, challenger bank, digital bank — the common denominator is app-based convenience and the power of algorithms to help manage and save that has people downloading these apps like mad. The latest PYMNTS Provider Ranking of Digital Banking Apps shows how the players are stacking up.
PYMNTS
APRIL 28, 2020
These shifts have made digital banking and debit transactions more important than ever. Pandemic Puts Digital Banking in the Spotlight. Consumers complying with stay-at-home orders are turning to digital banking services to help them manage their finances while avoiding public spaces like bank branches.
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PYMNTS
JANUARY 3, 2020
In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Only two of the licenses will full digital banking licenses, while the other three will be wholesale banking licenses.
PYMNTS
MARCH 22, 2018
But even as more consumers use mobile and online banking apps than ever before, they are frustrated by the experience when they log on, and still prefer visiting a bank branch for more involved transactions. . Around the Digital Banking World. It’s an ambitious plan, as the U.K. billion in investment last year. .
PYMNTS
JUNE 3, 2020
Brick-and-mortar branches shuttered as social distancing measures were enforced, and customers subsequently turned to mobile apps or websites to fulfill their banking needs rather than risking in-person visits. during the past two months, for example, and mobile banking app downloads saw a 60 percent jump.
PYMNTS
JUNE 1, 2020
Banks today are familiar with the challenges of supporting digital platforms as an increasing number of customers turn to online-only solutions. One study found more than 45 percent of millennial users, for example, have at least considered leaving their FIs and signing up with fully digital banks.
PYMNTS
JUNE 6, 2019
Barely more than a year after banking giant JPMorgan launched an effort to bring younger clients into the fold — through digital means and specifically through a digital banking app — the firm is killing that particular nationwide project.
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