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Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds

PYMNTS

The push toward digital banking seems an inexorable one, with the technology and demographics acting as tailwinds, and where governments have increasingly gotten into the act of promoting digital banks (the pure-play kind) and making forays into bits and bytes, where once paper and face-to-face transactions reigned.

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Today In Data: Digital Banking Cybersecurity

PYMNTS

billion: The projected size of the global banking cybersecurity market by 2026. 100 million: The number of members that credit unions represent in the United States. Data: $248.26 85 percent: The percentage of gig workers who would work more often if paid faster.

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Citizens Debuts Digital Bank

PYMNTS

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.

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New Unicorn Revolut Will Use Capital For International Expansion

Bank Innovation

based digital bank Revolut has raised $250 million in a Series C, boosting the company’s valuation to unicorn status. billion, will use the new funding to expand to further markets, including the United States, Australia, and Hong Kong. This new raise brings the amount of money the digital […].

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Visa Powers Revolut’s Global Expansion Into 24 New Markets

PYMNTS

Once upon a time in the 1960s, banks were building a series of one-off card-based solutions, much the way today in the ending days of the 2010s we see global digital banking, mobile wallets and alternative underwriting schemes building one-off tech-based solutions for financial services products. So today (Sept.

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Bitcoin Daily: Lending Protocol Nuo Announces Digital Banking Platform Built On Ethereum, B2C2 Crypto Liquidity Firm Announces Gold Derivative

PYMNTS

The founders of lending protocol Nuo have announced the launch of a new digital banking platform called Juno, which will be built on top of ethereum. And Heath Tarbert, the chairman of the United States Commodity Futures Trading Commission (CFTC), believes ether is a commodity, so it falls under the jurisdiction of the CFTC.

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How BBVA Is Using AI To Fight Against AI-Armed Fraudsters

PYMNTS

Banks need to make sure they’re using tech in ways that keep the fraudsters out, but don’t send customers looking for another service. In the July Digital Banking Tracker , PYMNTS examines how banks are using tools like artificial intelligence (AI) and automation to both fight against fraud and better engage customers.