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Wells Fargo On Why First Impressions Are Key In Digital Banking

PYMNTS

Bank branches are either closing outright or slashing their business hours to help customers maintain social distancing guidelines — but fortunately, the growing familiarity of digital banking has allowed customers to meet their financial needs online and has kept financial institutions (FIs) in business.

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Digital Shifts In eCommerce And Online Banking

PYMNTS

Data: 50K: Minimum number of users who attended the Shopify Reunite virtual event. 41.4%: Portion of credit union execs who believe challenger banks will be a significant competitive threat in the near future. 30%: Share of Gen Z consumers opting for online-only bank accounts.

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Deep Dive: Why FIs Must Master Tomorrow’s Digital Banking Needs Today

PYMNTS

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. Online account openings have increased 14.5 Confronting Digital Banking Reality. Forty-five percent of U.S.

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WSFS Bank: Plain Vanilla Digital Banking Won’t Cut It Any More

PYMNTS

That means thinking about what online banking and payment methods they offer in a fundamentally different light, a shift in digital transformation strategies that could have widespread effects on what products they expand upon or which they leave behind post-pandemic. Why FIs Must Master Tomorrow’s Digital Banking Needs Today.

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Entersekt: The COVID-Led Future Of Digital Banking

PYMNTS

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.”.

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UK Digital Bank Monzo Crosses Pond To US

PYMNTS

Digital bank Monzo, based in the United Kingdom, is crossing the pond. The company said it will be signing up consumers for its cards through the next few weeks at events slated to be held in cities including Los Angeles, New York and San Francisco. Reuters reports that the company has reached U.S. In the U.K., In the U.S.

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11 Commandments of Digital Banking: The Customer Journey

FICO

Last year we published a highly successful The 11 Commandments of Digital Banking eBook that introduced the 11 commandments: Digital lift-and-shift is not a strategy! In addition to a new blog post that will be published monthly over 5 months, we are also excited to launch the following event: LinkedIn Live on Digital Banking.