PYMNTS

APRIL 10, 2019

With more consumers than ever interested in fulfilling all their financial needs on mobile, both legacy banks and FinTech firms are focusing on creating digital-only banking services, designed to catch and keep customers using their smartphones to bank. Around the Digital Banking World.

Mobile 185

Mobile Digital Banking social media Strategy 185

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 Integrate feedback with app stores reviews.

Strategy 158

Strategy Digital Banking Digital Strategies Mobile 158

PYMNTS

NOVEMBER 15, 2019

National direct bank CIT Bank is introducing eChecking, a new digital checking account with a wide variety of electronic transfer and payment solutions, the company announced in a press release on Friday (Nov. The new accounts have no monthly fee and offer ATM fee reimbursement of up to $15 a month.

National 123

National Samsung Survey Mobile 123

PYMNTS

DECEMBER 27, 2019

But change is in the air, and it’s the intoxicating scent of digital transformation. Specifically, the metamorphic impact of mobile open banking and instant payments has been the first real test of the trust bond that holds CUs together. Digital Unison. Strong balance sheets in key areas like credit card debt ($64.4

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

Bank Innovation

JULY 18, 2018

Digital banks may be sprouting up all over the banking world, but don’t look for one from U.S. On this morning’s earnings call, CEO Andy Cecere noted the bank was looking to expand beyond its current 25-state branch footprint, which covers the Midwest and the western U.S.

Digital Banking 186

Digital Banking National Operations US 186

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. Customers using the app can also ask for funding to aid their working capital and equipment financing needs from their mobile devices. In separate news, a J.D. Power 2019 U.S.

Mobile 131

Mobile Survey California Retail 131

PYMNTS

JANUARY 14, 2021

In Pakistan, for firms seeking to spur that adoption and to foster financial inclusion, it’s important to have a “cash in, cash out” mindset, as Erwan Gelebart, CEO of digital wallet, mobile payments and digital banking provider JazzCash , told Karen Webster in an interview. Apps — And Agents, Too .

Mobile 234

Mobile Payments Course Data 234

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

MAY 12, 2020

In the Playbook, we examine how the different bank types — local and regional, national and digital — are responding to these trends, in particular the demand for highly functional mobile card apps. In contrast, national bank customers are less likely to switch FIs, with 25.9 Overall, national banks offer 6.9

Regional 241

Regional National Cards Mobile 241

PYMNTS

DECEMBER 18, 2018

Virtual bank Radius Bank — which services small businesses (SMBs), micro-firms and consumers — is rolling out a revamped digital banking platform and a mobile banking app, the company said on Monday (Dec. The platforms have added new digital solutions for financial budgeting and tracking as well.

Mobile 122

Mobile User Experience Digital Banking Fintech 122

PYMNTS

JANUARY 13, 2021

The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association.

South Dakota 131

South Dakota Digital Banking Bitcoin cryptocurrency 131

The Paypers

JANUARY 25, 2021

The National Bank of Bahrain (NBB) launched its new mobile app designed to offer the customers a digital banking experience, thereby making remote banking possible.

National 28

National Mobile Digital Banking 28

PYMNTS

JULY 8, 2019

Regulators, particularly in the nations with the largest swaths of unbanked consumers, will say it offers users no easy way to cash in, cash out or reliably spend the Libra currency. At this point, despite a lot of challenger banks rolling out offerings in these areas as “cutting edge” or “innovative,” the reality is they aren’t.

Digital Banking 176

Digital Banking Innovation Cards Lending 176

The Paypers

APRIL 21, 2022

Digital banking solutions provider Apiture has announced that US-based community bank Ephrata National Bank (ENB) , has selected its platform to power its online and mobile banking solutions, according to IBS Intelligence.

National 34

National Community Bank Community Digital Banking 34

PYMNTS

APRIL 19, 2017

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. About the Tracker.

Digital Banking 180

Digital Banking Technology Samsung Meeting 180

PYMNTS

JULY 21, 2020

Many consumers are unbanked , including more than 45 million Brazilian customers, meaning they are likely interacting with financial and merchant entities primarily through mobile channels. Many nations in the region are thus examining their open banking proposals to ensure they address this behavior.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

SEPTEMBER 10, 2018

Roughly 19 million college and university students are loading up their cars and heading back to campus for another school year, according to data from the National Center for Education Statistics. Digital banking platform BankMobile , a subsidiary of Customers Bank , has announced a new partnership with 36 U.S.

Mobile 100

Mobile Arkansas ATM Tools 100

Bank Innovation

JULY 27, 2018

You might not expect the nation’s leading mobile bank, with north of 31 million users, to be in a hurry to build a digital bank under a new brand, but that’s just what JPMorgan Chase did last October with Finn.

Fintech 170

Fintech National Innovation Digital Banking 170

PYMNTS

MAY 9, 2017

Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. HYPR, for example, debuted what it is calling a biometric shopping platform at the National Retail Federation’s BIG Show in New York City in January.

Mobile 137

Mobile Payments New York City Samsung 137

Bank Innovation

FEBRUARY 19, 2020

Level, a digital banking startup based in San Francisco Calif., The company, which launched its products nationally Wednesday, is coming into the market as fintech startups like Wealthfront, Betterment and Varo are touting high-yield savings accounts to vie for market share. is trying to hook customers with a 2.1%

San Francisco 259

San Francisco National Digital Banking Fintech 259

PYMNTS

APRIL 10, 2018

By the numbers, digital banking is — and is not — extremely popular with consumers of all stripes. According to the latest edition of the PYMNTS Digital Banking Tracker, when it comes to some tasks, consumers are clearly comfortable with leaving the physical world behind and making the digital conversion.

Mobile 101

Mobile Digital Banking Millennials Online 101

PYMNTS

DECEMBER 10, 2020

PYMNTS research found that fi­nancial institutions (FIs) in the United States alone saw a 60 percent increase in the amount of consumers who downloaded mobile banking apps in April and May, for example. Developments From Around The World of Digital-First Banking. PYMNTS research found that 21.6

ATM 233

ATM Tools Study Mobile 233

CB Insights

JUNE 30, 2021

Philippines-based PayMaya, which is owned by Voyager Innovations, offers a slew of fintech services, such as a digital wallet, bill payments, and bank transfers. As of June 2021, PayMaya’s mobile wallet and remittance services have doubled to 38M in a period of 18 months. Want the full post? Become a CB Insights customer.

Digital Banking 51

Digital Banking Company National Innovation 51

Bank Innovation

MAY 30, 2018

Citigroup has a digital-heavy, branch-light business approach that extends beyond its National Digital Bank platform (announced in March and currently in testing phase), according to Stephen Bird, CEO of Citi’s Global Consumer Banking.

Strategy 249

Strategy National Digital Banking America 249

American Banker

JULY 2, 2020

The company said its plan to shutter 12 locations reflects "increased client usage of online and mobile banking and a commitment to improve digital banking technology.".

Colorado 60

Colorado National Digital Banking Mobile 60

PYMNTS

MAY 27, 2020

CU branches across the United States have temporarily closed to help slow the spread of contagion, forcing CUs to find new ways to engage with their members via connected technologies, from mobile devices to laptops and especially ATMs. For more on these and other CU news items, download this month’s Tracker.

ATM 243

ATM Innovation Meeting United States 243

The Financial Brand

NOVEMBER 30, 2021

The mobile bank trails neobank leader Chime by a large measure. The post From Neobank to National Bank: Was Varo’s Quest Worth It? appeared first on The Financial Brand - Banking Trends, Analysis & Insights. But it has a capital war chest and more ways to grow revenue rapidly.

National 36

National Banking Trends Analysis Trends 36

Gonzobanker

MARCH 28, 2024

2024 will prove to be a remarkably busy year in the digital space, when many financial institutions will make near-life-or-death choices about the future of their digital platforms and how they will support them. Banks and credit unions are maturing their internal digital support capabilities.

Digital Banking 148

Digital Banking Customer Experience Strategy Exercises 148

PYMNTS

MAY 14, 2020

The nations include China, Indonesia, India, the Philippines, Malaysia, the United Kingdom, Singapore, and Japan, according to an announcement. .

System 255

System Payments America Security 255

The Financial Brand

SEPTEMBER 3, 2019

With a full banking charter, the challenger bank could be a formidable competitor for traditional banks and credit unions and other fintechs. The post Fintech Varo Money to Launch First Mobile-Only National Bank in 2020 appeared first on The Financial Brand.

National 31

National Fintech Mobile Branding 31

NCR

JULY 28, 2017

This convenience offers many advantages to the consumer, but financial institutions and consumers need to recognize one of the biggest disadvantages of this technological expansion: the increased risk of digital banking fraud. Digital banking fraud affected 14 percent of consumers in 2016, up from 12 percent in 2015.

Fraud 74

Fraud Digital Banking Survey Security 74

PYMNTS

AUGUST 5, 2020

The firm also said that WesternUnion.com was the most downloaded mobile app among peer money transfer companies during the quarter, according to mobile app marketing firm Sensor. Management added that WesternUnion.com is currently available in more than 75 countries, with bank account payout in over 100 nations.

United States 337

United States National Retail US 337

PYMNTS

SEPTEMBER 6, 2019

In fact, PYMNTS’ Digital Identity Lifestyle Capsule found that 100 percent of eCommerce customers who were required to submit digital copies of their physical ID documents when creating accounts said it was a satisfactory authentication process. Digital IDs are growing more popular among world governments as well.

National 179

National Study Digital Banking Trends 179

PYMNTS

JULY 24, 2020

As a CU for the United Nations community, however, United Nations Federal Credit Union (UNFCU) holds a unique, global perspective into the role that these financial institutions (FIs) can play to support payments innovation on multiple fronts. . in markets like Kenya, mobile payments are the norm. .

Innovation 201

Innovation Payments Leadership National 201

Bank Innovation

SEPTEMBER 5, 2018

The digital banking service Varo Money announced last night it had received preliminary approval for a national banking charter from the Office of the Comptroller of the Currency, a division of the U.S. As Bank Innovation previously reported, Varo raised $45 million for this purpose in January. Treasury Department.

National 150

National Digital Banking Innovation Report 150

PYMNTS

OCTOBER 22, 2020

She said the global pandemic has simply advanced a movement that has been underway for years, which has sought to provide banking access and digital financial services to underserved communities, mostly through mobile devices. Crypto And AI/ML. Crypto And AI/ML.

Payments 206

Payments Community Mobile Comparison 206

PYMNTS

SEPTEMBER 21, 2020

Purdue Federal aimed to offer members, a large proportion of which are students, graduates, professors or staff of Purdue University, with “the most innovative digital banking tools,” according to the announcement. The CU aimed to make sure its members use payment services without having to depend on other payment mobile programs.

Payments 159

Payments Indiana Innovation Meeting 159