Tag: digital banking

Finance Tech, Mobile Banking & Payments

Smartphone banking: the best app-based bank accounts

August 3, 2022

Via: MoneyWeek

Smartphone banking, digital banking, app-only banking – whatever you call them, accounts offered by newer challenger banks such as Starling Bank and Monzo have become very popular over recent years because of the convenience they provide as people’s lives shift […]

Finance Tech, Mobile Banking & Payments

BoA reports consumers digital banking engagement hits record levels

February 12, 2021

Via: Mobile Payments Today

Consumers are embracing mobile banking with one banking institution experiencing record levels of engagement. Bank of America reports 70% of consumer client households and small business clients and 77% of wealth management client households are digitally active and the company’s […]


UK banks facing stiff competition from digital rivals, report suggests

December 22, 2020

Via: TechRadar

UK banks are increasing their adoption of digital platforms as businesses and their customers move towards a cashless society, claims a report published today. The document, published by Information Services Group (ISG) highlights the growing popularity of cloud-based core banking […]

Finance Tech, Mobile Banking & Payments

Banking-As-A-Service (BaaS) Making Payments Faster And ‘Smarter’

November 13, 2020


Several narratives have emerged from this pandemic. First has been the focus on digital transformation that essentially saved the economy during lockdowns. Another related theme is the need for legacy core banking systems to upgrade in ways that don’t protract […]

Financial Services, Industries

2019: A Bad Year for the Banker as Job Cuts Continue to Soar

December 27, 2019

Via: Fortune

Banks around the world are unveiling the biggest round of job cuts in four years as they slash costs to weather a slowing economy and adapt to digital technology. This year, more than 50 lenders have announced plans to cut […]

Finance Tech, Mobile Banking & Payments

Forgot your ATM Card? At Wells Fargo, Your Smart Phone Will Suffice

March 28, 2017

Via: TheStreet

Ever stopped at an ATM for cash only to realize all you had with you was your cell phone? At Wells Fargo (WFC) , that’s no longer a problem. The San Francisco-based bank announced an upgrade today to all of its […]


Traditional banks may be in trouble due to digital banking

April 29, 2016

Via: Business Insider

More millennials are moving toward digital banking, and as a result, they’re walking into their banks’ traditional brick-and-mortar branches less often than ever before. This generation accounts for the greatest share of the U.S. population at 26% and the employed population […]