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

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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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Citizens Debuts Digital Bank

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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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BMO’s Digital-First Transformation Unlocks Operational Efficiencies

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The banking industry is increasingly favoring self-service, as customers making transactions grow to prefer tellerless ATM and kiosk interactions. Banks are rapidly undergoing digital-first transformations to offer these services. BMO Harris Bank , originally founded in 1817 as the first bank in Canada, is one such example.

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Scotiabank: Why Banks Need To Rethink Personalization

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Banks have been forced to reduce or suspend in-branch activities to prevent the risk of infection at branches at least temporarily. The largest bank in the United States, J.P. Developments From Around The World Of Digital-First Bank ing. The global digital banking platform industry generated $3.95

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CEO Davies Exits Revolut After One Year

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Banking veteran Richard Davies is leaving his role as CEO of banking at digital-banking shop Revolut , one year after coming aboard to bring his seasoned skills to the startup, the Financial Times reported. Davies’ exit comes just four days after the London-based operation announced $80 million in new funding.

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Innovating The ATM Beyond Cash

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The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. Deep Dive: Offering An End-To-End Customer Experience Through ATMs. About The Tracker.

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Branching Out: Physical Locations Boost CUs' Digital Plans

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The pandemic has cost more than 300,000 lives in the United States alone, and it has also challenged many institutions — such as credit unions (CUs) — that were never designed to operate on a primarily remote basis. Deep Dive: Where CUs Are Making Digital Headway, And Where They Can Do Better.