Bank Innovation

SEPTEMBER 12, 2019

As digital banking goes mainstream, banks are recognizing that a mobile app that lets customers carry out day-to-day tasks isn’t enough. Bank has been preparing, especially as it reports that 72% of its customers are considered “digital-active” and 50% are using mobile channels.

Digital Banking 250

Digital Banking US Mobile Report 250

Bank Innovation

FEBRUARY 7, 2018

Is digital banking killing physical bank branches? How much truth is there to the longtime fear that online banking will replace consumer interaction with bank branch tellers?

Digital Banking 326

Digital Banking Online Report Regional 326

BankInovation

OCTOBER 1, 2021

Digital banking solutions provider Backbase was ranked best-in-class in a new evaluation of eight banking point solutions vendors. Other banking point solutions vendors in the evaluation ?

Digital Banking 98

Digital Banking Groups Report 98

PYMNTS

NOVEMBER 24, 2020

Singapore's financial regulator is sticking to the original plan to award digital banking licenses by the end of the year, according to a Bloomberg report, no matter how tight the scrutiny is in China and the U.S. The digital banking licenses are highly coveted due to Singapore's status as a financial regulatory hub.

Digital Banking 157

Digital Banking Groups Regulation Policies 157

PYMNTS

JUNE 3, 2020

The COVID-19 crisis continues to upend the economy, including even the world of digital banking. As previously reported in this space, the Monetary Authority of Singapore (MAS), the country’s central bank, announced its intention to issue five digital banking licenses last year. billion ($1.1 billion).

Digital Banking 131

Digital Banking Groups Retail Strategy 131

PYMNTS

APRIL 27, 2020

The number of online banking customers is growing worldwide, and FIs’ consumers are coming to expect seamless digital experiences as a result. One study recently determined that the number of digital banking users is expected to exceed 3.6 Global banking revenues are expected to reach approximately $5.4

Digital Banking 248

Digital Banking Tools social media Mobile 248

Bank Innovation

FEBRUARY 2, 2018

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.

Fraud 246

Fraud Digital Banking Cards Online 246

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

JANUARY 21, 2021

Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs. In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 million during the quarter.

Mobile 252

Mobile Report Trends Digital Banking 252

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

OCTOBER 6, 2020

Of course, the pandemic has forced banks – like all businesses – to rethink their priorities and make adjustments to how they interface with customers. In addition, the report says, services that were once available only at branches, such as loan or credit card applications, are being moved to mobile apps and ATMs.

Digital Banking 256

Digital Banking ATM Mobile Atlanta 256

TheGuardian

JULY 21, 2022

‘Landmark’ for eight-year-old British enterprise as it turns £14m loss into £32m annual profit helped by Covid loans Starling Bank has reported its first annual profit thanks to a surge in lending, though executives played down the impact that a controversial boom in Covid loans had on its path to profit.

Digital Banking 61

Digital Banking Report Lending Fintech 61

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 68

Digital Banking Capital Online Report 68

PYMNTS

APRIL 28, 2020

Brattleboro Savings & Loan (BS&L) has chosen NCR Corporation , a global enterprise technology provider for the financial industry, to provide customers with an improved digital banking experience, the companies announced Tuesday (April 28) in a press release. “We only got four uploaded.”.

Digital Banking 142

Digital Banking Vermont Atlanta US 142

PYMNTS

JULY 27, 2020

Hackers boasting that they have “cracked” some of the hashed passwords stolen from digital banking aggregator Dave may be one of the most disturbing elements to emerge from the cyberheist that exposed the private information of millions of users, a top expert notes.

Data 246

Data Fintech Report Security 246

PYMNTS

JUNE 16, 2020

Branch , the digital bank startup, is branching out. Consumers deserve fast and flexible mobile banking services that adapt to their needs,” said Branch CEO Atif Siddiqi in a statement.

Digital Banking 199

Digital Banking Mobile Los Angeles San Francisco 199

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 6, 2020

Another group of Singaporean businesses, Beyond Consortium, has thrown its hat in the ring to apply for the country’s digital bank licenses. The Monetary Authority of Singapore will award five licenses for digital banking, which it plans to announce its decisions on in mid-2020.

Digital Banking 130

Digital Banking Groups Capital Industry 130

BankInovation

MAY 2, 2024

The bank is prioritizing delivering “a superior customized digital experience that is personal, easy, relevant and instant,” Chief Executive Steven van Rijswijk said during the digital bank’s first-quarter earnings call today. The Amsterdam-based bank reported […]

Digital Banking 68

Digital Banking Mobile Report Retail 68

PYMNTS

OCTOBER 15, 2018

While he would not reveal how many current account customers Barclays hoped to attract to the new checking account, its initial target market will be the 10 million customers that already hold a Barclays co-branded credit card, as well as the 3 million in its existing digital bank. It recently rolled out its services in the U.K.,

Digital Banking 187

Digital Banking Cards Online Branding 187

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 158

Strategy Digital Banking Digital Strategies Mobile 158

PYMNTS

DECEMBER 27, 2019

There is a sense, however, that CUs themselves bear responsibility for falling behind the digital banking trends that first took hold with consumers. Digital Unison. The National Credit Union Administration (NCUA) trade group reported that net income for credit unions fell by 1.1

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

JUNE 19, 2019

Royal Bank of Scotland (RBS) is pressing forward with its digital-first bank, targeting small and medium-sized businesses (SMBs), and reports have said the financial institution (FI) has chosen a leader for that initiative. financial services disruption, particularly in the small business banking landscape. .”

Digital Banking 122

Digital Banking Operations Lending Capital 122

PYMNTS

JUNE 29, 2020

haven’t been able to get ahold of their cash, CNBC reported. digital banking apps such as Anna, Curve, U Account and Pockit since they depend upon the technology of Wirecard to handle payment processing, per the CNBC report. But complete banking licenses would enable them to keep the funds of their clients.

Digital Banking 150

Digital Banking Cards Regulation Payments 150

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

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. Other companies considering doing so include Standard Chartered Bank, NTUC Enterprise, the V3 Group and Razer.

Digital Banking 134

Digital Banking Groups Online Regional 134

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

JUNE 25, 2019

Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Seed members will be migrated to Cross River as the community bank expands with new offices in California and Oregon. reports said.

Community Bank 116

Community Bank Community Digital Banking FDIC 116

PYMNTS

SEPTEMBER 14, 2020

Standard Chartered has announced the completion of the first cross-bank Letter of Credit (LC) transaction over blockchain, between Vietnam and Thailand, according to a report from FinanceFeeds. It was completed over the blockchain-based Contour network, which is an open industry platform and focused on digitizing trade finance.

blockchain 302

blockchain Report Operations Innovation 302

PYMNTS

JANUARY 7, 2020

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. Other companies include Razer, Grab Holdings and Ant Financial.

Digital Banking 131

Digital Banking Capital Leadership Fintech 131

PYMNTS

JANUARY 7, 2019

Royal Bank of Scotland (RBS), which is gearing up to launch a new digital bank, has acquired a 25 percent stake in Loot , a U.K. According to a report in Financial Times , citing Royal Bank of Scotland , Loot offers customers a current account and pre-paid debit card. digital-only bank that is exploding.

Digital Banking 155

Digital Banking Fintech Cards Branding 155

PYMNTS

MARCH 2, 2020

To provide its digital banking experience to more financial institutions, Clinc is teaming with Visa in a partnership that brings artificial intelligence (AI) technology to payments and banking customers. The company reportedly provides a complete conversational AI solution with a 90 percent containment rate.

Digital Banking 149

Digital Banking Michigan Cards Technology 149

PYMNTS

JANUARY 21, 2020

As it joins the competition to bring change to the financial space in Singapore, Chinese eCommerce firm Zall Smart Commerce Group said it is part of a consortium to apply for a digital wholesale banking license in the city-state, Bloomberg reported. Global eTrade Services, a CrimsonLogic Pte unit, and Marubeni Corp.,

Digital Banking 101

Digital Banking Groups Capital National 101

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

MARCH 6, 2018

Citigroup is gearing up to launch a digital consumer bank that will be national in scope and will arrive within the next three years. Following on the heels of the financial crisis, Reuters reported the company pull away from having locations in smaller cities, as well as Texas, in an effort to slash costs. percent to $17.26

National 135

National Digital Banking Conference Texas 135

PYMNTS

NOVEMBER 23, 2018

In banking and payments architecture, especially in the digital realm, a corollary might be “form and function co-exist, and should be flexible enough to change rather quickly.”. Kennedy stated that 86 400 will exist, effectively, as a white-label offering to Cuscal clients, allowing for the emergence of Open Banking.

Digital Banking 134

Digital Banking Mobile Data Marketing 134