Hollywood’s Newest Special Effect, Digital Banking?

PYMNTS

From phone support and mobile apps to ATMs and chatbots — when it comes to customer service, banking automation has come a long way. However, the one missing piece that these automated banking features lack is a real human being to interact with during a transaction.

The growing interest in digital banks

Insights on Business

With few exceptions, “banking hours” are becoming 24/7/365, or whenever and wherever a customer wants to do banking. Traditionally, banking was a conservative industry with relatively high barriers to entry. Banking products and services were defined and controlled by the bank.

Citigroup Eyes Creation Of National Digital Bank

PYMNTS

Citigroup is gearing up to launch a digital consumer bank that will be national in scope and will arrive within the next three years. Citing Citigroup Chief Financial Officer (CFO) John Gerspach, Reuters reported the executive said at an investor conference that the financial company is “laying the groundwork for having a national digital bank. Digital Banking Citigroup consumer banking Merchant Innovation News Technology What's Hot

NEW REPORT: Wells Fargo On Leveling Up Its Digital Banking Game

PYMNTS

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. Customers think of these digital offerings as crucial to their banking decisions. More than 50 percent reportedly believe it’s important for banks to provide mobile deposits, P2P services and account openings.

Digital banks are 35+ times more productive than traditional banks

Chris Skinner

I’m launching the new book Digital Human in New York on the evening of April 12. BTW, I’ve also heard a lot of people have been frustrated that Amazon cancelled their pre-orders of the new … The post Digital banks are 35+ times more productive than traditional banks appeared first on Chris Skinner's blog. Blog Index Case Studies Chris Skinner Digital Bank Fintech Future Grid Inclusion Innovation Mobile Numbers Opinion Payments Technology

Digital Bank Tandem Buys British Fintech Pariti

Bank Innovation

based digital bank Tandem closed a deal to acquire fellow British fintech Pariti, a personal money management app in the country with about 95,000 registered users. Exclusive Mobile Payments acquisitions Harrods Bank neobanks Pariti Tandem UK fintech

Paytm Says On Track To Be World’s Biggest Digital Bank

PYMNTS

India-based Paytm Payments Bank not only wants to become the world’s largest digital bank , but also to evolve into a financial services company providing a slew of services like wealth management and trading. 28), Paytm founder Vijay Shekhar Sharma said the company is aiming to have 500 million bank accounts. “We Digital payments was our entry point, we want to become a vertically-integrated financial services company.”.

Finding Value In The Digital Banking Lifestyle

PYMNTS

Consumers have come to expect the ability to bank digitally, but is there a way to make the experience more than just a transaction? PYMNTS: What’s the biggest impact mobile is having on payments and commerce that you’ve experienced?

Look Beyond Technology for Better Digital Banking, Fiserv Says

Bank Innovation

EXCLUSIVE—With mobile banking services offered at the majority of financial institutions, innovating the digital space is becoming more important in the fintech ecosystem, especially for smaller players like regional banks or credit unions.

Digital Banking Startup Loot Raises $2.9M Series A

Bank Innovation

Another digital banking startup has raised funding this week, this time to expand a current account offering aimed at students and millennials. Capital Exclusive Mobile capital digital banking mobile app neobanks startups

Is Stand-Alone The Future Of Digital Banking?

PYMNTS

As the world goes increasingly digital, banks are struggling to decide how they should package their digital service offerings. They don’t make any sense to a customer – they’re just bank constructs.”. . What’s a traditional bank to do?

Digital Banking Startup Alkami Secures Series D Funding

PYMNTS

Alkami Technology , a startup providing banks and credit unions with digital banking technologies, has announced new funding. In an era of digital transformation , our clients, who consist of credit unions and banks in the U.S., count on Alkami to inspire and power their digital strategies through enhancing value, growth, service, efficiency and relationships,” said Alkami CEO Mike Hansen in a statement.

In Digital Banking Age, Personal Touch Still Matters

PYMNTS

Technology has brought transparency and speed to financial interactions, including those between banks and their customers. But must everything be at arm’s length, a technology-enabled hit-and-run where banking is ruled by apps and apps alone? Human interaction still matters and, for some smaller players in the banking realm, can make all the difference in providing a positive experience that will keep customers in the fold.

4 winners and losers from the American Banker Digital Banking 2018 Conference

Gonzobanker

Attendance at American Banker’s Digital Banking conference has grown significantly since I was here in 2016, reflecting the obvious interest levels in digital, yet the vibe remained largely the same as two years ago…. Is voice banking even a blip on your digital roadmap?

How Facebook Became Fast Friends with Digital Banks

Bank Innovation

EXCLUSIVE - Before social media platform Facebook became a popular channel for digital banks to offer banking features to its customers, let’s not forget that FB was first and foremost an important advertising tool for banks to reach a younger audience.

What's Missing in Digital Banking? Empathy

American Banker

Increasingly, our conversations about digital banking are only about technology. We must expand our dialogue to include ways to make digital banking empathetic. digital-banking mobile bank-technology

Qonto Opens Digital Banking Doors To Corporates

PYMNTS

French startup Qonto has officially launched its corporate digital banking solution. The company said this week that businesses can now open a bank account on its website, with customers able to access digital and mobile banking services for a monthly fee. Reports said Qonto wants to be the N26 of business banking.

New Tracker: Business Banking’s Mobile Momentum Mounts

PYMNTS

American consumers have fallen for mobile banking apps, but up to now, most businesses were not seemingly showing apps the same love. Despite that, the vast majority of American companies, particularly small businesses, have yet to adopt mobile financial management apps.

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Most U.K. Customers Would Not Choose a Digital Bank Over a Traditional One

Bank Innovation

Long before PSD2 arrived ( the European regulation that requires banks to open their platforms to fintechs), the U.K. had already established itself as a hub in Europe for digital banks like Revolut, Monzo etc.

Barclays on quest to gamify digital banking

BankNXT

Collaboration between fintech specialists and banks is set to become the primary engine of innovation (and gamification), says Daoud Fakhri. Barclays on quest to gamify digital banking on BankNXT.

O-Mobile to provide support to SMEs via blockchain-based digital banking

The Paypers

(The Paypers) Fintech company O-Mobile has unveiled strategies to support not less than 500,000 small and medium enterprises (SMEs) through a blockchain-based digital banking system

How digital banking is changing customer behavior

BankThink

Here are some major ways that mobile banking, P-to-P payments and fintech are changing banking. Mobile banking Mobile payments Mobile wallets Digital banking Millennials Generation Z Bank technology

8 takeaways from Digital Banking 2018

BankThink

From the opportunities — and threats — in artificial intelligence to envisioning a world in which "Wi-Fi is like air," here is what everyone was buzzing about at American Banker's Digital Banking conference. Bank technology Digital banking Mobile banking Fintech Artificial intelligence Internet of things Cathy Bessant Bank of America U.S. Bank JPMorgan Chase Umpqua Bank

Digital banking priority: Make it personal

BankThink

Banks such as Citigroup, Regions and TD have decided they need to offer mobile customers truly customized experiences. Digital banking Mobile banking Customer experience Customer-centricity PFM Machine learning Artificial intelligence Analytics Bank technology Consumer banking Citigroup Regions Bank TD BankThey are experimenting with different ways of doing so that come across as helpful without being intrusive.

As Digital Banking Advances, Denmark Sees 60% Jump in Card Fraud

Bank Innovation

As online banking becomes more popular, countries are grappling with cybersecurity. In Denmark, the advent of digital banking also saw almost a 60% jump in card fraud, Bloomberg reported yesterday.

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HDFC Loops India SMEs Into Digital Banking

PYMNTS

HDFC wants to connect small businesses in India into digital banking, and has launched a new unit as part of the initiative. Reports Thursday (June 30) said HDFC has launched SM@Bank , what it says is a full-fledged digital banking service for SMEs in the country that enables 24×7 access via mobile device or computer to financial services. B2B Payments B2B eBanking HDFC mobile banking small business banking SME banking What's Hot In B2B

Digital Bank or FinTech? You’re not a digital bank…

Banking 4 Tomorrow

If you listen to the Breaking Banks AM Radio Show today (also available via stream and podcast) you’ll hear a spirited rematch of the Great Digital Banking Debate that Michal Panowicz and I had on Twitter a few weeks ago. Mobile Banking Payments Retail Banking Strategy Technology Innovation Twitter Bruce Lee chris skinner digital bank Financial Brand Jim Marous mBank Michal Panowicz Moven

Finastra Acquires Mobile Banking Provider Malauzai

PYMNTS

Finastra , the FinTech company, announced Monday (June 18) that it has acquired Malauzai , a provider of mobile and internet banking solutions for community financial institutions (FIs). retail and business banking sectors by further enabling digital transformation for community banks and credit unions around the U.S. Simon Paris, CEO at Finastra said in the press release, “Credit unions and community banks are the fabric of American financial services.

Digital banking's key trends: Demand, competition, mobile on the rise

BankThink

Consumers around the world are increasingly accessing banking solely through digital means, according to new global studies by Oracle and the World Bank. Bank technology International banking Digital banking Fintech Mobile banking PFM Digital payments

Study 40

Fintech expert Maule to join British digital banking startup

BankThink

Digital banking Mobile banking Fintech Bank technologySam Maule is set to head up North America expansion for 11:FS.

Predictive analytics and its role in modern digital banking

Banking

Some of the most significant recent trends in financial services – such as the ongoing growth of the mobile channel and the expansion of the fintech market – have demonstrated that the evolution of the industry is being driven by technology.

BofA Consumers Can Add Credit, Debit Cards To PayPal From Mobile Banking App

PYMNTS

Bank of America announced news on Tuesday (March 20) that customers can now add multiple credit and debit cards to their PayPal account without having to use a laptop or desktop computer. In a press release , Bank of America said customers can add cards through the bank’s mobile banking app — a result of the initial integration of a partnership between Bank of America and PayPal, which was announced in July 2017.

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What it takes to build a digital bank

BankThink

EQ Bank, BankMobile and solarisBank offer insights to how they built their digital-only banks with design thinking, new products and money management tools. Digital banking P-to-P payments PFM Mobile banking Bank technology

Revolut, Klarna and PayTM – All roads lead to digital Banking

Daily Fintech

The emergence of Fintech has created some serious pressure on banks and the banking industry. As the Fintech industry matures and sees sustained investments, some of its senior players are transitioning into digital banks. of all Mobile Wallet transactions.

Overheard at Digital Banking 2017

BankThink

The following are some of the noteworthy things we heard at American Banker’s Digital Banking 2017 conference held earlier this month in Austin, Texas. Digital banking Mobile banking Disruptors Bank technology Bank of America Regions Bank Bank of the West Wells Fargo Fifth Third TD Bank U.S.

They liked this digital banking company so much, they bought it

BankThink

Digital banking Mobile banking Core systems Bank technology M&A Malauzai SoftwareThree years ago the core provider Finastra sought the help of Malauzai to meet customers' cutting-edge technology demands. This week, it bought the software maker.

Another Digital Bank for Millennials? Nope. This One's Yours, Gen X

American Banker

MemoryBank, a new digital-only bank unit of Republic Bank & Trust, aims to serve the sweet spot of customers who are digitally savvy but also have money. community-banking digital-banking mobile social-media bank-technology

TRENDING: Prepping Banks For AI’s Pandora’s Box

PYMNTS

From artificial intelligence to blockchain to new mobile app features and offerings, banks and financial institutions are investing more in innovations to give customers a better experience and gain an edge over their competition. Around the Digital Banking World .

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Digital bank in a box: Fintech offers branding tool

BankThink

Nymbus is offering its bank clients a service to create a digital brand under their existing charter in as little as 90 days. Bank technology Digital banking Mobile banking Online banking Fintech Millennials Platforms

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Consumers Are Getting More Comfortable With Mobile Loans (But Not That Comfortable)

Bank Innovation

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. DataBank Lending Mobile digital banking digital lending Firserv lending Mobile banking smartphone loans

Study 180