Tag: digital banking

March 13, 2020

In a warning published on its website, the regulator says criminals and scammers are trying to take advantage of confusion and market instability in the wake of the virus’ spread across the globe. “Watch out for scams related to coronavirus […]

February 14, 2020

Bank of America is enhancing the capabilities of its digital cash management tool for small businesses, Business Advantage 360, by integrating with third-party platforms, including QuickBooks, Run Powered by ADP, G Suite by Google Cloud and Google Analytics. “Businesses go […]

January 30, 2020

Citigroup is making a push for investors’ dollars with a new digital robo-advisor that’s free for customers with at least $50,000 in deposits or investments at the bank. That’s the threshold needed to qualify for the bank’s Citi Priority bundle […]

January 16, 2020

In what is being billed as a push to reduce risk in the financial sector and encourage new entrants into the marketplace, the new rules could allow existing foreign companies in China – Like HSBC and Standard Chartered – to […]

December 30, 2019

The past year saw digital lenders enhance their product suites beyond credit, as big banks focused on adding features to their digital platforms to keep customers in their ecosystems, S&P Market Intelligence reported in a December research note. Lenders move […]

December 19, 2019

#1 The banking monopoly is crushed forever: admit or quit In the digital age, in which almost everyone is able to build an app, banks are losing their power over customers. The monopoly of banking is disrupted by global banking […]

November 25, 2019

Generation Z (or Gen Z), the demographic cohort following the Millennials, presents a new breed of customers for financial institutions. Born after 1995, Gen Z is the first generation to be born and raised with YouTube, Instagram and Netflix. Unlike […]

September 10, 2019

U.S. Bancorp USB recently completed the acquisition of Talech, a Palo Alto-based software company, thus taking another step toward digital banking, which has become essential in the technology-driven environment. Financial terms of the deal, however, remain undisclosed. Talech works to […]

September 9, 2019

Community banks should look for ways to make their digital banking experience stand out for consumers in the face of increasingly commoditized offerings. Most community banks in the United States are focusing on enhancing the digital experience for their customers, […]

April 23, 2019

The Japan-based bank aims to drive operational transformation, create a more flexible IT environment, bolster operational security, enhance its initiative to support local community development and be able to respond more quickly to the demand for more personalised digital services. […]

January 24, 2019

Based on Broadway, the start-up will be looking to make a grand entrance and a real show of its ambitions. The bank says it will offer a transaction processing engine integrating businesses and their digital-native customers for banking services. This […]

December 26, 2018

Many banks haven’t found an efficient way to deal with issues like payment clearing inefficiencies, consumer fraud, and the general limitations of fiat currencies. Blockchain, however, may be the go-to solution for many of these challenges. Issues Traditional Banks Face […]

October 1, 2018

As consumer expectations towards digital user experience are increasing, more and more banks are striving to provide great customer experience on their digital banking channels – online, mobile, and tablet banking. According to the EFMA – Capgemini World Retail Banking […]

September 18, 2018

Julie Demarigny has joined Union Bank as head of Digital Banking. Demarigny is responsible for leading digital strategies for both Union Bank and PurePoint and for growing the overall digital banking business. She will work closely with the bank’s technology […]

August 31, 2018

The modern banking landscape has changed fundamentally at the hand of digital transformation. Retail banking disruptors such as Monzo and Atom have ripped up the rule book on what effective banking looks like, and consumers have voted with their feet. […]

August 28, 2018

According to the U.S. Small Business Administration Office of Advocacy, there are currently 29.6 million micro and small businesses in the United States. Of those, 80 percent are one-person businesses, and 22 percent are made up of 10 employees or […]

December 15, 2017

Another digital banking startup has raised funding this week, this time to expand a current account offering aimed at students and millennials. Loot, a startup begun in 2014 by founder Ollie Purdue — who was finishing up school at the […]

December 7, 2017

Voice assistants like Alexa and Siri could be the future of banking, as more and more consumers indicate a willingness to interact with their bank through these platforms, a study released this week by NTT Data found. When it comes […]

October 26, 2017

Digital wallet adoption is slowly on the rise, and payments provider PayPal seems to be the most popular choice for users. Users of the PayPal digital wallet far extend users of its closest competition, Apple Pay, according to a Market […]

October 20, 2017

The Diebold Nixdorf International Management Seminar 2017 in Amsterdam provided insights on the digital strategies that banks are implementing today and what the future holds for retail banking. Shaping The Future of Retail Banking Around 200 banking industry managers from […]