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

APRIL 27, 2020

Banks do not always have the budgets or resources to craft cutting-edge online and mobile experiences, although they can no longer afford to put off digital transformations. The number of online banking customers is growing worldwide, and FIs’ consumers are coming to expect seamless digital experiences as a result.

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

OCTOBER 7, 2020

Higher volumes of consumers are continuing to shop online even as brick-and-mortar stores reopen. Businesses and financial institutions (FIs) are following suit, reordering their products and services for a new digital normal — but unfortunately, fraudsters are tagging along. About The Tracker.

Online 223

Online Report Tools Fraud 223

PYMNTS

SEPTEMBER 28, 2020

Saudi Arabia and the United Arab Emirates are attempting to square away increasing consumer use of online channels with their privacy and banking standards. The aim of doing so is to create a more robust framework for digital banking. The ensuing lawsuit would represent the country’s largest class-action GDPR lawsuit.

Online 151

Online Report Payments Regulation 151

PYMNTS

JANUARY 21, 2021

In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 Active digital banking users likewise grew 3 percent to 39.3 Citigroup said that per its latest results, mobile users of Citi banking services are up 95 percent year on year.

Mobile 252

Mobile Report Trends Digital Banking 252

PYMNTS

JUNE 5, 2020

Citi ‘s Treasury and Trade Solutions (TTS) customers have increased their utilization of the firm’s digital banking technology, while firms globally implemented continuity plans and telecommuting to stay in operation amid the pandemic. Digital onboarding is more complicated for corporates than consumers.

Report 132

Report Online National Taxes 132

Bank Innovation

AUGUST 23, 2017

China Citic Bank and search engine Baidu got the greenlight to go forward with their joint online banking venture. The digital bank, which is called aiBank, will offer deposits and loans to individuals and small businesses. The bank will be exclusively online, according to reports, […].

Online 186

Online Digital Banking Report Lending 186

American Banker

MAY 9, 2024

Depositors are still flocking to online-only banking platforms offered by companies such as Ally, Capital One and Discover. Power report. But overall customer satisfaction took a "statistically significant" drop, according to a new J.D.

Digital Banking 73

Digital Banking Capital Online Report 73

PYMNTS

OCTOBER 6, 2020

Dimon’s comments come at a time of aggressive growth and gains by numerous digitally native startups that have modernized and streamlined online banking and payments for the masses. billion people – will likely be using online and mobile banking services by 2024. We've got to do more of it.”.

Digital Banking 256

Digital Banking ATM Mobile Atlanta 256

PYMNTS

AUGUST 21, 2020

JPMorgan Chase plans to launch a digital bank in the United Kingdom early next year, Sky News reported Friday (Aug. The move “will enable it to capitalize on the accelerating transition of millions of bank customers from branch-based activity to digital services during the COVID-19 pandemic,” the news outlet said.

Report 173

Report Digital Banking Lending Technology 173

PYMNTS

OCTOBER 15, 2018

online bank, which already offers credit cards, savings and loans to 13 million customers. There have also been reports that Germany will be the next country in Europe to gain access to Marcus. knowledge and expertise” to create a checking account for its U.S. It recently rolled out its services in the U.K.,

Digital Banking 187

Digital Banking Cards Online Branding 187

PYMNTS

FEBRUARY 21, 2020

Axiata Group, a Malaysian telecom firm, has been in talks with as many as 11 different partners to bid for a digital banking license in the country, according to a report by Reuters. Mohd Izzaddin Idris, the company’s deputy chief executive, said Axiata was in talks with banks as well.

Digital Banking 141

Digital Banking Groups Report Operations 141

PYMNTS

DECEMBER 30, 2019

Singtel and Grab are looking to consolidate their powers to create a new digital bank for the people of Singapore, they announced in a press release. The bank will be able to serve retail customers, lend money and take deposits, along with other online banking functions.

Digital Banking 134

Digital Banking Groups Online Regional 134

PYMNTS

JUNE 3, 2020

Brick-and-mortar branches shuttered as social distancing measures were enforced, and customers subsequently turned to mobile apps or websites to fulfill their banking needs rather than risking in-person visits. Online account openings have increased 14.5 Confronting Digital Banking Reality. Forty-five percent of U.S.

Digital Banking 131

Digital Banking Mobile Tools Online 131

PYMNTS

JULY 30, 2020

eBay ’s CEO outlined his vision for growth in its Q2 earnings call, as the company benefited from the pandemic-driven digital shift. Shopify also reported earnings that reflected the expanding digital shift for consumers, with the company noting a rise in the number of stores on its platform and consumer spending at those merchants.

Online 192

Online Data Tools Strategy 192

PYMNTS

JULY 8, 2020

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . The news service reports that the world’s most valuable tech “unicorn” had been looking to sell shares in Hong Kong and mainland China simultaneously, according to sources.

Groups 175

Groups Report Capital Regulation 175

PYMNTS

APRIL 30, 2020

The coronavirus pandemic has consumers around the world turning to digital devices to access banking services. The new surge in demand is putting financial institutions’ (FIs’) online and mobile offerings to the test and allowing FIs to show off their digital investments and know-how to assure customers that they are in good hands.

Digital Banking 150

Digital Banking Mobile Online Millennials 150

PYMNTS

APRIL 23, 2020

Branch visits are vital to customers’ financial lifestyles, despite mobile and online banking’s growing popularity. One bank working to ensure its in-branch systems match its online capabilities is Cleveland, Ohio-based KeyBank , which operates 1,197 branches across the country and handles more than $137 billion in assets.

System 226

System Digital Banking Guidelines Online 226

PYMNTS

MARCH 24, 2020

The first online bank in Hong Kong, ZA Bank, opened on Tuesday (March 24), according to reports. The bank is a unit of China’s ZhongAn Online P&C Insurance Co. In 2019, Hong Kong issued about eight digital banking licenses to companies like Ant Financial, and a team-up of Tencent and Standard Chartered.

Online 135

Online Digital Banking Lending System 135

PYMNTS

FEBRUARY 21, 2020

Upon releasing its latest earnings, LendingClub , known up until now for its personal loans delivered through its online platform, said it had struck a deal to buy Radius Bancorp. The $185 cash and stock deal would bring an online bank with $1.4 billion in assets under LendingClub’s umbrella. Home sales: In a sign that U.S.

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

PYMNTS

OCTOBER 11, 2018

Europe’s largest banks have landed in the hot seat, thanks to a recent Fortytwo Data report that found 90 percent had been sanctioned for money laundering activities. Now, a new report is shining a spotlight on European banks’ lackluster performance in another area: small business (SMB) services. In the U.K.

Digital Banking 172

Digital Banking Survey Online Report 172

Gonzobanker

OCTOBER 13, 2020

Customers are communicating their frustration with experiences that are not ready for prime time in the digital world. Cornerstone’s Growth Engine Framework illustrated below summarizes common measurements used to monitor the digital customer through the capture, acquire and nurture stages of relationship development.

Strategy 156

Strategy Digital Banking Digital Strategies Mobile 156

PYMNTS

SEPTEMBER 11, 2019

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.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Only two of the licenses will full digital banking licenses, while the other three will be wholesale banking licenses.

Digital Banking 130

Digital Banking Groups Regional Mobile 130

PYMNTS

JANUARY 7, 2020

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. Grab, an online business and one of Southeast Asia’s largest operators in the digital space, is partnering with Singtel for the chance at a full banking license.

Digital Banking 131

Digital Banking Capital Leadership Fintech 131

PYMNTS

JULY 29, 2019

To accommodate this shift and the nation’s growing number of internet and smartphone users, tech giants like Amazon and Facebook are launching digital banking solutions focused on mobile devices. Other FIs are turning to chatbots as more consumers embrace digital banking, too.

Digital Banking 181

Digital Banking Fraud ATM Mobile 181

PYMNTS

AUGUST 4, 2020

The writing has been on the wall: PYMNTS research has found that though most people are satisfied with their in-place relationships with banks, only about 40 percent of people would be “extremely” or “very” likely to bring their banking relationships to Big Tech or FinTechs. ” Looking Ahead.

Google 298

Google Digital Banking Course Branding 298

PYMNTS

MARCH 27, 2019

Hong Kong has issued its first digital banking licenses, in a move toward strengthening the city’s financial sector, according to reports. The Hong Kong Monetary Authority (HKMA) gave the licenses to three outfits: the first went to Livi VB, a joint venture between the Bank of China (Hong Kong), JD Digits and Jardines.

Digital Banking 158

Digital Banking Fintech Customer Experience Branding 158

PYMNTS

DECEMBER 16, 2019

South Korean FinTech startup Viva Republica , creator of the financial services platform Toss, was granted preliminary approval for a digital banking license from the Financial Services Commission of Korea , a Monday (Dec. Toss Bank will become South Korea’s third digital bank operating without a physical location.

Fintech 131

Fintech Online Digital Banking System 131

PYMNTS

JULY 21, 2020

The latest Merchants Guide To Navigating Global Payments Regulations examines how open banking initiatives are developing in Latin America as well as how the pandemic is affecting these moves. Open banking is developing quickly in Brazil, where financial authorities recently announced plans to implement an initiative for the country’s FIs.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

OCTOBER 8, 2020

The fraud issue can make some customers more hesitant to utilize online banking — a recent report found that near half of online banking and mobile banking users that had experienced fraud were at least “somewhat concerned” about the issue. And meanwhile, 35.7

Report 247

Report Fraud Risk Management America 247

PYMNTS

JANUARY 7, 2020

If you can’t beat ’em, join ’em — at least when it comes to reporting structure. To that end, investment banking giant Goldman Sachs said it has revamped its reporting into new segments. By creating new divisions, the company may be training a brighter spotlight on its consumer banking efforts.

Report 134

Report Apple Lending Cards 134

PYMNTS

AUGUST 15, 2019

Monzo , an online bank out of London, has added loans to its menu of services, the Financial Times reported on Thursday (Aug. can apply for loans as the online bank advances its efforts toward profitability. . The bank is offering loans from £200 to £15,000, following a successful test pilot last year.

Lending 161

Lending Los Angeles Digital Banking San Francisco 161

PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. British banks spend upward of £6.7 Deep Dive: How Banks Are Threatened With Identity Fraud. billion ($8.9

Technology 208

Technology Report Fraud Study 208

PYMNTS

JUNE 13, 2019

Digital bank Monzo, based in the United Kingdom, is crossing the pond. Reuters reports that the company has reached U.S. We are taking it slow to start with,” Monzo Chief Executive Tom Blomfield said in the report. “We We want to understand how U.S. consumers think and feel about their money.” In the U.K.,

Digital Banking 119

Digital Banking Los Angeles San Francisco US 119

PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. Developments From Around The World Of Digital-First Banking. billion by 2024.

Analytics 266

Analytics Fraud ATM Report 266

PYMNTS

JULY 1, 2020

After all, consumers facing uncertain times want continuity in their financial services, even as their mode of accessing CUs was rapidly switching to digital. “We We’ll certainly continue to invest in the developer portal and APIs,” he said.

ATM 250

ATM Digital Banking Data Video 250