Digital Banking FDIC Online Retail 
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.
PYMNTS
APRIL 27, 2016
Goldman Sachs has officially entered the world of online retail banking. On Tuesday (April 26), various media outlets reported that the investment bank is expanding its customer base with the launch of its own FDIC-insured, Internet-based savings bank called GS Bank.
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Celent Banking
FEBRUARY 26, 2015
Controversy around the wisdom (or not) of investing in the branch channel amidst rapidly growing digital banking adoption is showing no signs of letting up. Consider three articles published in the past week: Bank Innovation covering Associated Bank branch closures to fund digital channel initiatives.
PYMNTS
JULY 24, 2019
High-yield checking and savings are now being offered by online wealth advisor Betterment as a way to attract new customers. . It’s really hard for banks to follow us here,” Betterment founder and CEO Jon Stein told CNBC. “If The average national yield of savings accounts is 0.10%, whereas Betterment’s annual yield is 2.69%.
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. Macy’s is, of course, just the latest retailer in a long string to be hit with such a breach. Citizens Rolls Out Digital Bank.
PYMNTS
MARCH 18, 2019
According to the Federal Deposit Insurance Corporation (FDIC), the percentage of unbanked Americans fell to its lowest level since the 2007-2009 financial crisis. Bank of America had a free checking account that was popular among low-balance customers, but last year discontinued the program. In 2017, 6.5 percent of 129.3 million U.S.
PYMNTS
OCTOBER 29, 2018
Facebook reported on their website that their teams have made progress: They removed 837 million pieces of spam in Q1 2018 before anyone reported it, disabled 583 million fake accounts “within minutes” of going online and removed 24 million inappropriate pictures related to violence and nudity. 93 percent had a bank account.
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