California-based challenger bank Aeldra has chosen i2c Inc. to fuel its digital private banking services. The mobile bank, which was started by neo bank veterans, is seeking to reach affluent global clients with household incomes of over $100,000, according to a Tuesday (Dec. 15) announcement e-mailed to...
That banking customers migrated to smartphones and apps in droves as a matter of necessity is now a matter of history. Going forward, digital experience is what banks, financial institutions (FIs) and merchants will be judged on. The time for being a laggard in this...
The pandemic has had a significant impact on consumer adoption of online and mobile banking services as more people are digitally engaging with their banks to curb health risks. Mobile banking use is ticking up, especially among younger users, with PYMNTS data showing that 75.9...
Consumers are looking for digital-first banking tools, but banks can’t put all their eggs into one digital basket. In the latest Digital-First Banking Tracker, Eric Schuppenhauer, president of consumer lending and national banking at Citizens Financial Group, discusses the need for cohesive omnichannel experiences that...
In today’s top news in digital-first banking, digital currency payments company BitPay has filed to become a national bank in the United States, while U.S. Bank is introducing complimentary eCards for users sending funds. Plus, the chief financial officer of Citigroup says the bank is...
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. PYMNTS research found that financial institutions...
In today’s top news in digital-first banking, U.K. FinTech Revolut has introduced its Pockets tool, while Robinhood Markets is reportedly working with Goldman Sachs for its public offering preparations. Plus, Wells Fargo’s CEO believes the U.S. economy will rebound quickly once COVID-19 vaccines can reach...
In today’s top news in digital-first banking, open banking provider Fabrick is collaborating with instant payments company Nets, while Societe Generale and Credit du Nord have approved a plan to combine their retail banking operations. Plus, Social Finance (SoFi) is reportedly in talks about selling...
Bet your last application programming interface (API) that the strong suits for FinTechs as the year heads to a close are innovation and user experience. On the other side of the table sit the traditional community banks and the smart bet there is on risk...
