When it comes to American consumers, many may not be ready to admit how dependent they’ve grown on devices and the impact that’s had on the rapid growth of mobile banking and payments. According to a new survey from Bank of America, released on Tuesday...
A longtime retail executive has joined the omnichannel side of the banking industry. U.S. Bank announced the hire of Beau Gray to lead its omnichannel experience team. Gray will be responsible for guiding the team and executing a strategy to determine how customers interact digitally with...
The continued movement by Bank of America toward digital banking could have the impact of lopping off as many as 8,000 jobs from the banking consumer unit, Financial Times reported. The digitization has meant that there is not as much demand for back-office people or...
Hey, big banks, leave millennials alone! In the June edition of the Digital Banking Tracker™, Karen Webster spoke with Chris Britt, co-founder and CEO of Chime, a mobile-first digital banking platform, to discuss why millennials and mobile are a match made in digital banking heaven....
JPMorgan Chase has picked Matt Kane as its new chief executive to head its commerce solutions division. Kane will report to Gordon Smith, CEO of consumer and community banking. He is replacing Mike Passilla, who was chosen as the company’s chief executive in May 2013 to oversee development of Chase...
Hey, big banks, leave millennials alone! In the June edition of the Digital Banking Tracker™, Karen Webster spoke with Chris Britt, co-founder and CEO of Chime, a mobile-first digital banking platform, to discuss why millennials and mobile are a match made in digital banking heaven....
The first transaction between Signicat, a digital identity service for banks, and CWBI, an Italian software provider, as part of the MyBank Identity Verification Pilot, took place on Tuesday (June 7). The ongoing pilot is designed to showcase how consumers can digitally agree to a...
Of late, banks have seen themselves competed against on many fronts — one of which is the world of investing. These days, banks are in somewhat of a technology arms race when it comes to holding investor customers’ loyalty, and an army of new entrants...
There are 26 letters in the alphabet, and it may be the case that mobile banking tech outfit NUMBER26 may be called a string of words that have four letters each. As reported on Wednesday (June 1), the German mobile bank, which Forbes stated wants...
