Though often written about and praised highly, the digital-only world may not have quite the number of converts the tech press would lead one to believe. Case in point? Banking. Despite banks’ best efforts to move more of their customers online – and thus lessen the need...
Goldman Sachs has officially thrown its hat into the online lending ring with the launch of Marcus – a new platform The New York Times is calling an online lender for the masses. “For the masses” is not usually a term associated with the elite...
Fees are often a necessary evil, but when it comes to banking charges, consumers are getting a bit of a break this year. That’s according to the semi-annual MoneyRates Bank Fees Survey, which found declines in the average fees for maintenance, overdraft and ATM access....
Consumers want digital banking apps to be secure, but they don’t want security to interfere with their digital banking experience. John Dancu, CEO of IDology, tells PYMNTS that finding that balance could be among the biggest challenges for banks looking to strengthen their digital/mobile solutions....
Citigroup announced on Tuesday (Aug. 16) it has tapped Gavin Michael, head of digital for consumer and community banking at JPMorgan, to lead technology for the company’s global consumer bank. Michael will replace Mark Torkos in the role. Torkos retired from Citigroup in July. Michael...
Consumers want digital banking apps to be secure, but they don’t want security to interfere with their digital banking experience. John Dancu, CEO of IDology, tells PYMNTS that finding that balance could be among the biggest challenges for banks looking to strengthen their digital/mobile solutions....
Mondo, the U.K. banking startup, has officially become a bank as of Thursday (Aug. 11). In a blog post, Mondo, which launched in Feb. 2015 to create a completely different kind of bank, said it is now authorized and regulated by the Financial Conduct Authority...
Brian Moynihan, Bank of America CEO, says the rise of mobile payments will lead to a fall in the cost of doing business
Groupe BPCE, the French banking group, has inked a deal to acquire Fidor Bank, the German digital bank and FinTech pioneer, in an effort to speed up the rollout of its digital strategy. The deal, which was announced on Thursday (July 28), is for an...
