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.

Digital Banking 238

Digital Banking Los Angeles Cards California 238

PYMNTS

OCTOBER 20, 2020

They are the brands tracked in PYMNTS’ Provider Ranking of Digital Banking Apps for October 2020, and the surprise can’t be spoiled because, with two very notable exceptions, there aren’t any. 1 spot on the latest ranking of digital banking apps, with its valuation hitting $14.5 8, is Germany-based direct bank N26.

Digital Banking 140

Digital Banking Millennials Tools Mobile 140

Gonzobanker

APRIL 11, 2023

It’s one of a banker’s worst nightmares: the digital banking conversion that was designed to improve the customer experience fails – locking users out of their accounts, not showing balances, making wire transfer features inaccessible… It recently happened to a $25 billion bank in the Midwest. Trust us, it happens. The problem?

Digital Banking 148

Digital Banking social media System Customer Experience 148

PYMNTS

NOVEMBER 17, 2020

Lumin Digital announced today (Nov. 17) that it will provide Los Angeles Federal Credit Union (LAFCU) with its cloud-based online and mobile digital banking platform, according to a press release emailed to PYMNTS. At LAFCU, we continuously want to improve the products and services we offer.

Los Angeles 192

Los Angeles Digital Banking Analytics Mobile 192

PYMNTS

APRIL 23, 2020

More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely. The bank is working with technology giants Google and Microsoft to create new cloud-based tools that will use their cloud computing software.

Digital Banking 262

Digital Banking Security Innovation Google 262

Gonzobanker

OCTOBER 13, 2020

Smaller banks and credit unions can bring unique value to the mobile ‘arms race.’ marketplace have made significant investments in their mobile applications centered around improving the client experience. Mobile app store ratings have gone from an average of 4.2 Make Digital Benchmarks and KPIs Visible.

Strategy 158

Strategy Digital Banking Digital Strategies Mobile 158

PYMNTS

NOVEMBER 18, 2020

Chime , a mobile-based startup delivering banking services that has gained strength during the pandemic, is here to stay, according to CEO Chris Britt , CNBC reports. There’s an increasing willingness to provide and manage your finances through a mobile app. Chime’s transaction volume has more than tripled this year.

Mobile 213

Mobile Digital Banking Online Trends 213

PYMNTS

JULY 15, 2020

MoneyLion , the New York-based mobile bank, announced the launch of RoarMoneySM, a demand deposit account powered by MetaBank N.A. It features two-day early paydays, mobile wallet capabilities, funding options, near real-time transaction alerts and advanced cybersecurity, the company said in a Wednesday (July 15) press release.

Mobile 175

Mobile New York Tools Digital Banking 175

PYMNTS

JANUARY 15, 2021

The remaining $2 billion that was released came from the bank’s wholesale operations. That activity ties in with the near-term uncertainty of the economic landscape, said management on the call. Beyond the trading revenues – which, as would be expected in a volatile stock market environment, were up double digits. million.

Management 151

Management Mobile Conference Lending 151

Gonzobanker

MARCH 26, 2020

Financial institutions that are not ready to fully serve customers digitally face an existential threat. In the aftermath of the housing bubble and during adoption of new Check 21 regulations following 9/11, banks and credit unions proved nimble under pressure to serve the needs of their customers. Get Gritty on Digital Servicing.

Mobile 165

Mobile Digital Banking Strategy Resources 165

PYMNTS

DECEMBER 27, 2019

Early innovators managed cooperatives using the same founding principle that CUs use today: members-first finance in place of indifferent, legacy-style banking. But change is in the air, and it’s the intoxicating scent of digital transformation. Digital Unison. billion), car loans ($382.9

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

SEPTEMBER 16, 2020

Cloud enterprise resource planning (ERP) company Acumatica has rolled out its Acumatica Advanced Expense Management and Electronic Bank Feeds for its Acumatica Cloud ERP solution, which will increase automation and electronic banking, according to a press release.

Tools 190

Tools Management Cards Resources 190

PYMNTS

NOVEMBER 17, 2020

Not only are many account holders visiting brick-and-mortar branches less often than they did before the pandemic, but many are also more reliant on digital banking channels — particularly mobile banking apps — than they have ever been. percent more likely to use mobile banking apps now than they were in 2019, and 51.1

UX 234

UX Mobile Data United States 234

PYMNTS

NOVEMBER 24, 2020

The pandemic is reshaping banking. As more banking has shifted online, an increasing amount of that online activity is occurring across mobile conduits. Generationally, we’re seeing individuals who maybe weren’t accessing their card accounts or their banking accounts on a regular basis through digital,” he said.

Digital Banking 267

Digital Banking Analytics Mobile Cards 267

PYMNTS

FEBRUARY 25, 2020

As the report states, “We … find that a significant share of consumers are willing to bank with the institutions — financial or otherwise — that offer them the best spending and money management tools.”. Mobile Cards: Make or Break? They are the world’s most sought-after banking customers, aside from the wealthy of course.

Mobile 153

Mobile Cards social media Survey 153

PYMNTS

JULY 14, 2020

Convincing consumers to designate precious space on their mobile phones to download yet another app can be a tough sell these days. Interest in mobile card apps is especially high among two key groups: those who primarily use debit cards for purchases and those who primarily use credit cards while carrying balances every month.

Cards 197

Cards Mobile Groups Survey 197

PYMNTS

MARCH 22, 2018

Online and mobile banking interfaces have become must-have features for financial institutions in the digital age. Fifty-five percent of Americans have a full-service banking app on their phone, and 16 percent check these apps at least once per day. Around the Digital Banking World.

Digital Banking 152

Digital Banking Report Mobile Online 152

PYMNTS

NOVEMBER 23, 2018

In banking and payments architecture, especially in the digital realm, a corollary might be “form and function co-exist, and should be flexible enough to change rather quickly.”. That’s partially due to a trust factor, which is conspicuously lacking in traditional banking.

Digital Banking 134

Digital Banking Mobile Data Marketing 134

PYMNTS

JUNE 19, 2019

The Financial Times said on Tuesday (June 18) that RBS picked Marieke Flament, Circle ‘s CMO and European managing director, to serve as CEO of the digital bank, Mettle. lender to launch a separate digital bank, reports noted, with plans to debut the Mettle app in August. RBS is the first top U.K.

Digital Banking 122

Digital Banking Operations Lending Capital 122

PYMNTS

NOVEMBER 9, 2020

The Tracker also examines how mobile and instant disbursement tools could be essential to making sure these individuals are still able to participate and transact within the digital banking world. Another FDIC report found that 31 percent of American consumers are now using peer-to-peer (P2P) mobile wallet apps, for example.

Tools 203

Tools Mobile FDIC Examples 203

PYMNTS

NOVEMBER 25, 2019

German bank N26 is partnering with financial software firm Eurobase International for its treasury management operations, BobsGuide reported on Monday (Nov. Headquartered in Berlin, N26 will use the Eurobase Siena platform to support its treasury management operations throughout most of the Eurozone, U.K., N26 serves over 3.5

Management 142

Management User Experience Software Operations 142

PYMNTS

JUNE 25, 2019

Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said.

Community Bank 116

Community Bank Community Digital Banking FDIC 116

Bank Innovation

OCTOBER 15, 2019

For Bank of America, mobile and digital channels are sustaining its retail business. In a third-quarter earnings call Wednesday, CEO Brian Moynihan stressed the importance of digital banking offerings that are complemented by human support.

America 186

America Mobile Digital Banking Retail 186

PYMNTS

JUNE 29, 2020

Consumers are leaning heavily on digital banking tools during the pandemic, and studies suggest that they will continue to do so in its wake. Fifty-seven percent of consumers now prefer internet banking solutions, compared to the 49 percent who said the same prior to the pandemic. Mobile Customers Need Mobile Infrastructure.

Mobile 174

Mobile Digital Banking System Innovation 174

PYMNTS

MAY 28, 2019

There will always be teenagers, after all, and they have significant power and influence, along with a native mastery of mobile and other associated technologies. According to a report on Tuesday (May 28), a France-based “digital banking startup aimed at teenagers” called Pixpay has raised nearly $3.5. Banking App.

Digital Banking 139

Digital Banking Google Mobile Groups 139

Bank Innovation

NOVEMBER 7, 2017

Money management app Yolt has integrated with Starling Bank, its first fully digital bank partner. By integrating with Starling Bank, Starling customers can now view their Starling account and transaction details in the Yolt app, alongside details with all their other bank accounts. It is […].

Management 223

Management Digital Banking Online Innovation 223

PYMNTS

SEPTEMBER 25, 2019

Emirates banking group Emirates NBD has announced the creation of E20., a digital bank for the region, according to a release by the company. It will have a mobile app and provide different services necessary to carry out banking needs. said Emirates NBD Vice Chairman and Managing Director Hesham Abdulla Al Qassim.

Digital Banking 122

Digital Banking Regional ATM Groups 122

PYMNTS

SEPTEMBER 25, 2019

Emirates banking group Emirates NBD has announced the creation of E20., a digital bank for the region, according to a release by the company. It will have a mobile app and provide different services necessary to carry out banking needs. said Emirates NBD Vice Chairman and Managing Director Hesham Abdulla Al Qassim.

Digital Banking 109

Digital Banking Regional ATM Groups 109

PYMNTS

AUGUST 28, 2019

challenger bank NorthOne has announced the launch of its mobile-first small business banking platform, the result of a collaboration with digital-first Radius Bank. Our team has torn apart the small business banking playbook and created our own digital banking platform and operating model from the ground up.”.

Mobile 144

Mobile FDIC Tools Taxes 144

Banking Exchange

JUNE 30, 2019

The banking sector has caught “digital transformation fever” Technology Mobile Online Tech Management Feature3 Fintech Feature CSuite.

Mobile 79

Mobile Strategy Digital Banking Fintech 79

PYMNTS

FEBRUARY 2, 2020

CIT’s Southern California branch network, OneWest Bank , unveiled a new mobile app to help small businesses meet their financial goals. Our new app is an accessible and convenient solution for local entrepreneurs looking to manage their money digitally, from anywhere at any time.”. In separate news, a J.D. Power 2019 U.S.

Mobile 131

Mobile Survey California Retail 131

PYMNTS

AUGUST 21, 2020

Deposits had already been trending away from community banks and credit unions anyway, but COVID-19 has accelerated that shift. In fact, the majority of 2020’s new accounts have gone to megabanks and digital banks, not to community institutions. Lesher said a few key features comprise a modern, digital-first offering.

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

OCTOBER 1, 2020

The great digital shift is transforming credit cards into money management tools. Through the expanded program, cardholders will also be able to manage their accounts, review their transaction history, check their balances and complete other activities – all in a digital environment.

Cards 249

Cards Management Tools Guidelines 249

PYMNTS

NOVEMBER 6, 2020

Starling Bank is pushing ahead with plans to raise another $263 million as the U.K.-based based digital bank looks to fuel additional expansion in its home market while eyeing an initial public offering (IPO) down the line. digital bank public. Bank of England granted Starling a banking license in 2016.

Digital Banking 115

Digital Banking Capital Policies Management 115

PYMNTS

FEBRUARY 21, 2020

FinTech has bought a bank, and it shows how digital-first firms can broaden their scale and reach with cross-pollination across financial offerings. The LendingClub announcement follows the news that mobile bank Varo received approval from U.S.

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

PYMNTS

APRIL 23, 2020

Branch visits are vital to customers’ financial lifestyles, despite mobile and online banking’s growing popularity. We don’t think about digital just as a client-facing tablet,” Warder explained. “We’re We think about digital very broadly in that way.”. Adapting to Social Distancing .

System 226

System Digital Banking Guidelines Online 226

Bank Innovation

FEBRUARY 27, 2018

Customers are growing more comfortable completing (at least parts of) the loan process over online or mobile mediums, a study released today by Fiserv found. adults surveyed, reported that they were comfortable researching loan options online, the Fiserv Expectations & Experiences: Borrowing and Wealth Management study.Read More.

Mobile 240

Mobile Study Survey Online 240