United State Bank partners with Bankjoy
The Paypers
JUNE 15, 2023
US-based United State Bank has announced its partnership with digital banking provider Bankjoy to offer online and mobile banking services to its account holders.
Digital bank OakNorth looks to US expansion
BankInovation
APRIL 5, 2024
Digital bank OakNorth is expanding its business beyond the United Kingdom and into the United States, exploring a merger and acquisition strategy. Chief Executive Rishi Khosla told Bank Automation News. We’ve always been clear that we want to build our business across the U.K.
Join 50,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
In Brazil, Banking Customers Turn To Debit, Digital Banking
PYMNTS
APRIL 28, 2020
These shifts have made digital banking and debit transactions more important than ever. Many United States residents are starting to receive federal relief via direct deposits or checks in the mail, but Los Angeles, California, is turning to prepaid debit cards to offer its own pandemic-related financial assistance.
Digital Banking 
238
238 
LGBT+ Digital Bank Daylight Launches With Visa Fast Track Boost
PYMNTS
NOVEMBER 18, 2020
Daylight , the first digital bank for the LGBT+ community, just went live in a Nov. Daylight is just the latest member of Visa’s Fast Track program, an initiative that provides FinTechs looking to get off the ground with a bank sponsor and external payments processor.
Digital Banking 172
172 
By The Numbers: Just 12% of consumers would convert to digital banking
BankInovation
MAY 18, 2023
While banks continue to invest in their digital capabilities, most consumers are not ready to fully commit to a digital bank with no physical presence. A survey by research company UserTesting found that just 12% of consumers say they would use a fully digital bank.
Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds
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
160 
Citizens Debuts Digital Bank
PYMNTS
JULY 11, 2018
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.
Digital Banking 103
103 
Today In Data: Digital Banking Cybersecurity
PYMNTS
OCTOBER 12, 2018
billion: The projected size of the global banking cybersecurity market by 2026. 100 million: The number of members that credit unions represent in the United States. Data: $248.26 85 percent: The percentage of gig workers who would work more often if paid faster.
Data 153
153 
WSFS Bank: Plain Vanilla Digital Banking Won’t Cut It Any More
PYMNTS
JUNE 1, 2020
The new coronavirus had an immediate and profound effect on the financial services industry, as brick-and-mortar bank branches closed to protect public health. Those closures meant that many consumers in countries like the United States were left only with digital platforms to access their bank accounts or to conduct necessary transactions.
Digital Banking 136
136 
New Unicorn Revolut Will Use Capital For International Expansion
Bank Innovation
APRIL 26, 2018
based digital bank Revolut has raised $250 million in a Series C, boosting the company’s valuation to unicorn status. billion, will use the new funding to expand to further markets, including the United States, Australia, and Hong Kong. This new raise brings the amount of money the digital […].
Capital 244
244 
Bitcoin Daily: OCC Grants Crypto Firm Anchorage Conditional Digital Banking License; Crypto Exchange RG Coins Owner Arrested For Money Laundering
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
131 
Monzo’s Cash Burn Sets Stage For Big Capital Raise In 2020
PYMNTS
DECEMBER 29, 2019
Revolut, a rival digital bank, is thought to be in talks to raise similar amounts of funding from investors that could value their company up to $10bn. Concurrently, the digital challengers have also expanded globally, Revolut across Europe and Monzo into the United States earlier this year. In the U.K.,
Capital 143
143 
Bitcoin Daily: Lending Protocol Nuo Announces Digital Banking Platform Built On Ethereum, B2C2 Crypto Liquidity Firm Announces Gold Derivative
PYMNTS
OCTOBER 11, 2019
The founders of lending protocol Nuo have announced the launch of a new digital banking platform called Juno, which will be built on top of ethereum. And Heath Tarbert, the chairman of the United States Commodity Futures Trading Commission (CFTC), believes ether is a commodity, so it falls under the jurisdiction of the CFTC.
Bitcoin 116
116 
Today In Digital-First Banking: Ukrainian Bank Teams With FinTech Startup; Oportun Pursues US National Bank Charter
PYMNTS
NOVEMBER 25, 2020
Singapore Says They’ll Award Digital Banking Licenses By Year's End. Singapore’s financial watchdog is reportedly keeping with the original plan to award digital banking licenses by the close of 2020, no matter how tight the scrutiny is in the United States and China.
National 161
161 
Today In Digital-First Banking: Alfa-Bank Joins Contour Trade Network; JPMorgan Names New Liquidity Solutions And Escrow Exec
PYMNTS
NOVEMBER 4, 2020
In today’s top news in digital-first banking, Alfa-Bank has become a part of Contour's international trade finance network, while J.P. Plus, Visa is collaborating with UAE-based NOW Money to bring digital banking services to low-income customers. . Alfa-Bank Signs Onto Contour International Trade Finance Network.
Alabama 162
162 
Scotiabank: Why Banks Need To Rethink Personalization
PYMNTS
JULY 22, 2020
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
ATM 225
225 
How Wells Fargo Uses AI, Biometrics To Fight Money Laundering
PYMNTS
MARCH 12, 2019
Digital banking customers of today aren’t looking for the bank with the newest features — they’re looking for the bank that can keep their data safe. Any security mishap can send customers to one of the other digital banking apps that are ready and waiting for them. Around the Digital Banking World.
Digital Banking 209
209 
Trending: FIs Use AI To Challenge Challenger Banks
PYMNTS
AUGUST 21, 2019
Legacy banks have their work cut out for them if they want to survive another century as key players in the digital banking world. This is driving legacy banks to take a closer look at their own products and strategies, with many rising to the challenge. Around the Digital Banking World. About the Tracker.
Trends 194
194 
How BBVA Is Using AI To Fight Against AI-Armed Fraudsters
PYMNTS
JULY 25, 2019
Banks need to make sure they’re using tech in ways that keep the fraudsters out, but don’t send customers looking for another service. In the July Digital Banking Tracker , PYMNTS examines how banks are using tools like artificial intelligence (AI) and automation to both fight against fraud and better engage customers.
Digital Banking 176
176 
NEW DATA: How COVID-19 Is Driving CUs’ Digital Leap
PYMNTS
APRIL 24, 2020
COVID-19 has closed bank and credit union (CU) branches across the United States, sending the demand for digital banking solutions soaring as consumers hop online to manage their finances from home. FinTechs are also emerging as major CU competitors. We surveyed 4,058 U.S.
Data 187
187 
Becoming Efficient, Adaptive And Real-Time To Thrive In A Digital World
PYMNTS
JULY 8, 2020
The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by Alessandro Petroni , head of financial services strategy at Red Hat. The pandemic has exposed the weakness of digital laggards.
United States 176
176 
Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints
PYMNTS
SEPTEMBER 22, 2020
Banks from the United States to Europe are closing bank branches as consumers embrace digital banking amid the pandemic. The bank indicated the decision would save a forecast $4.3 The closings comprise approximately one in five of the firm’s branches in New York, Pennsylvania, Indiana and Ohio.
Pennsylvania 210
210 
How FinTech Keeps Banks Focused On Customer Experience With AP Automation
PYMNTS
MARCH 6, 2020
Adams says there’s certainly many paper checks written in the United States but that is on the decline — at a likely slower pace that one might anticipate. As it stands, AvidXchange helps one in four banks across the United States automate AP and payments.
N26: Cloud-Banking Core Key To Meeting Consumers’ Mobile Banking Needs
PYMNTS
JUNE 26, 2020
Financial institutions (FIs) worked quickly to ensure they could operate smoothly as the pandemic kept consumers at home and closed brick-and-mortar branches in Europe, the United Kingdom and the United States. Why the Pandemic Is Pushing Legacy F Is’ Cloud Migrations Forward. About the Tracker.
Meeting 227
227 
Innovating The ATM Beyond Cash
PYMNTS
MAY 27, 2020
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.
ATM 243
243 
Bank of America To Update Branches In Response To Customer Behavior
PYMNTS
APRIL 5, 2019
David Tyrie, head of consumer advanced solutions and digital banking, said that by 2021 Bank of America’s branches and ATMs will cover upwards of 90 percent of the population in the United States. . The bank has about 5,000 branches all over the country. There’s also a plan to install 2,700 new ATMs.
America 128
128 
Banks’ leadership teams are fatally flawed
Chris Skinner
MAY 17, 2017
After all, the business model of banks was built for face-to-face interactions backed up by paper documentation; the business model of digital banks is for device-to-device interactions backed up by data. In North American banks, 12.1% in European banks and 5% in Asian banks.
Leadership 321
321 
Why FIs Must Take A Bottom-Up Approach To Upgrading Infrastructure
PYMNTS
JULY 27, 2020
Financial institutions (FIs) are still struggling to respond to the rise in digital banking adoption spurred by the pandemic. The increase in digital banking use has also breathed new life into the discussions surrounding the technology FIs are employing to make sure they can offer this level of support.
Digital Banking 202
202 
CEO Davies Exits Revolut After One Year
PYMNTS
JULY 27, 2020
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. The company recently expanded into the United States.
United States 140
140 
Western Union CFO On Q2 And The New-To-WU Consumers’ Big Digital Shift
PYMNTS
AUGUST 5, 2020
The outflow of funds from the United States has also ticked up. The key sending markets like Europe and the United States — those customers, many of them have had the ability to keep sending,” Agrawal said. That certainly has helped out.”.
United States 337
337 
Today In Payments Around The World: Chase, Air Canada, Mastercard Team On Credit Card; Mexican Regulator Green-Lights Uber’s Cornershop Buy
PYMNTS
DECEMBER 14, 2020
Chase Bank and Mastercard have teamed with Air Canada to debut the air carrier’s Aeroplan credit card in the United States. United Arab Emirates (UAE) financial institution First Abu Dhabi Bank (FAB) has teamed with Visa to launch an in-depth collection of digital payment offerings for business clients.
Regulation 141
141 
Using AI And Machine Learning To Make Payments Faster, Safer
PYMNTS
DECEMBER 20, 2017
What do track and field stars, NASCAR drivers and millions of businesses owners around the United States have in common? While more speed may mean more endorsement money for athletes, it means faster settlements and more efficient business for commercial banking customers. They all have an appreciation for speed.
Payments 209
209 
The Newest Neobank is for the 62+ Crowd
Gonzobanker
JUNE 7, 2023
The launch of Charlie points to an underserved niche in banking: older adults. In mid-May, a digital bank account for the 62+ crowd debuted in the United States. It’s only a matter of time for retirees to get a rewrite of digital banking. Well, it happened. You’ve been the everything to everyone.
Los Angeles 133
133 Inside Synchrony Financial’s AML Playbook
PYMNTS
OCTOBER 10, 2019
Consumers have noticed the rising levels of fraud in digital banking, and they are not pleased. Around the Digital Banking World. Regulators as well as banks are searching for ways to keep launderers and other fraudsters out of online banking. In fact, one recent study found that 71.2 About the Tracker.
Fraud 126
126 
Citizens Financial Takes Digital-First Approach For Post-Pandemic Future
PYMNTS
DECEMBER 10, 2020
Consumers were forced to swiftly adapt to a world where their primary way to interact with businesses or banks became digital-first, with the pandemic seemingly increasing the number of consumers turning to digital tools to conduct their financial activities. Developments From Around The World of Digital-First Banking.
ATM 233
233 
Mambu’s Valuation Hits $2 Billion After TCV-Led Investment Round
PYMNTS
JANUARY 7, 2021
The Berlin-based firm said it plans to use the money to speed up its expansion and “deepen its footprint” in the 50 countries where it currently operates, with a special focus on the United States, Japan and Brazil.
United States 255
255 
Branching Out: Physical Locations Boost CUs' Digital Plans
PYMNTS
DECEMBER 28, 2020
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. It will allow the institu tions to use one solution for the entire process.
North Carolina 197
197 
NEW DATA: 43M Consumers Are Holding Out On Mobile Banking Apps — How Banks Can Change Their Minds
PYMNTS
NOVEMBER 17, 2020
Consumers’ banking habits have changed radically since the pandemic was first declared in March. Not only are many account holders visiting brick-and-mortar branches less often than they did before the pandemic, but many are also more reliant on digital banking channels — particularly mobile banking apps — than they have ever been.
UX 234
234 FinTech InstaReM Launches Remittance Service In Canada
PYMNTS
SEPTEMBER 18, 2019
“At InstaReM we’re committed to giving people the platform to use their money their way and after launching successful operations in some of the high-traffic corridors in the Asia-Pacific, European Union and the United States, we are thrilled to arrive in Canada,” InstaReM Co-Founder and CEO Prajit Nanu said in the release. .
Fintech 164
164 
JPMC Co-CEO Sees Big Tech As ‘Real Competitors’ In 2020
PYMNTS
DECEMBER 27, 2019
percent in the United States. When CNBC asked about the rise of digital banks, such as Chime , Monzo and Revolut , Pinto said their challenge would come by way of transferring membership into meaningful primary accounts and relationships. percent or 1.8
United States 153
153 
PSCU: Accelerated Digital-First Strategy Drives Priorities
PYMNTS
JANUARY 26, 2021
In " A Look Forward: What Executives Wish for America and the World in 2021, " he shares how PSCU has taken steps to prepare for the shifts in digital habits of credit union members, supporting its owner CUs’ needs for digital modernization by offering a full suite of payment offerings. .
Strategy 173
173 Temenos to Acquire Kony: So What?
Gonzobanker
SEPTEMBER 10, 2019
This deal looks good for Temenos, Kony and the banking industry clients of both firms. The digital banking market continues a long burn—this time like the smoke of a Texas summer barbecue. Geneva-based Temenos’ announced the acquisition of Austin, Texas-based digital application provider Kony in a deal totaling $580 million.
JPMC Co-President Shares Economic Predictions For 2020
PYMNTS
DECEMBER 27, 2019
percent in the United States. When CNBC asked about the rise of digital banks, such as Chime , Monzo and Revolut , Pinto said their challenge would come by way of transferring membership into meaningful primary accounts and relationships. percent or 1.8
United States 136
136 
Today In Digital-First Banking: Revolut Rolls Out Goals Feature For Youth; Bank of Korea To Start Piloting Cryptocurrency Distribution
PYMNTS
OCTOBER 8, 2020
As of now, the Junior’s Goals function is available to every Revolut Premium and Metal user in the United States and the European Economic Area. Bank Of Korea To Begin Testing Distribution Of Digital Currency. Children or parents can put Junior goals into place with a target value or without one.
cryptocurrency 246
246 
Let's personalize your content