PYMNTS

JANUARY 7, 2021

After Simple Bank launched as an online bank specializing in high-interest savings accounts, the current economic climate ended up making it unfeasible. The letter says that in the future, those accounts will solely be operated under BBVA, but customers will be able to access their money normally until then.

FDIC 336

FDIC Google User Experience Lending 336

PYMNTS

JULY 11, 2018

Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank. Citizens Access safely and securely offers Member FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States.

Digital Banking 103

Digital Banking United States FDIC ATM 103

Perficient

AUGUST 9, 2022

Mike Randall, a co-founder of Greenwood, wanted to address the specific issue of bank branches being replaced by check cashing places that charge absurdly high-interest rates. To offer another example of a bank consciously aimed at supporting the underserved, Forbes just recognized Quontic as the number one “best overall online bank.”

Community 275

Community Customer Experience ATM Examples 275

PYMNTS

AUGUST 22, 2016

Despite banks’ best efforts to move more of their customers online – and thus lessen the need for overhead-heavy branches – consumers are turning out to be way more into visiting the local branch than initially imagined. Which is a bit of a problem, since there are objectively fewer banks now than there were even five years ago.

FDIC 100

FDIC ATM Community Bank Digital Banking 100

Gonzobanker

MAY 4, 2020

And businesses that deferred moving online or had no reason to operate online have made the leap practically overnight.”. LendingClub/Radius Bank: The acquisition of Radius Bank would bring an FDIC-approved, low-cost source of deposits and broader banking services to LendingClub. customer impact.

Fintech 109

Fintech FDIC Capital Community Bank 109

PYMNTS

AUGUST 17, 2017

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. appear to support that claim. “We

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

PYMNTS

JULY 16, 2018

This week, the lucky winner is Macy’s , which disclosed to the world that hackers had obtained names and passwords of online customers — and might have accessed credit card numbers and expiration dates as well. Citizens Rolls Out Digital Bank.

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Cards Data Digital Banking Retail 100