Goldman Sachs has officially entered the world of online retail banking. On Tuesday (April 26), various media outlets reported that the investment bank is expanding its customer base with the launch of its own FDIC-insured, Internet-based savings bank called GS Bank. The minimum account balance...
Digital banking is do or die in the age of the digital consumer, but how banks get there is all but clear. Should banks go it alone with a stand-alone digital bank, or embed a very robust set of clicks into their traditional set of...
Digital banking is do or die in the age of the digital consumer, but how banks get there is all but clear. Should banks go it alone with a stand-alone digital bank, or embed a very robust set of clicks into their traditional set of...
Citibank is shrinking its footprint in China as it looks into expanding its digital banking network. The bank’s move to shutter some of its branches comes as it sees a shift in the banking preferences of Chinese consumers. According to Reuters, 95 percent of Citi customers chose...
What if the secret to financial institutions providing both convenient and secure banking experiences what right in the palm of their customers’ hands? In a recent webinar, Entrust Datacard Senior Manager Bradi Van Noy Hays and Senior Product Manager Mike Byrnes discussed how the marriage...
Britain’s first digital-only bank just got an approval from regulators to launch an app-based savings account. Atom Bank, which was launched in April 2014, received its license from the Bank of England in June last year and plans on providing app-based banking services, including current accounts, fixed savings...
JPMC has capped ATM withdrawals at $1,000 per day for those who are not accountholders with the bank. The move comes following the bank’s initiative to allow ATMs to dispense an unlimited number of $100 bills, which, unsurprisingly, led to abuses and people pulling tens of...
Bank of America said on Thursday (March 31) that it will begin pre-selecting eligible Visa cards owned and used by customers to be enrolled in Visa Checkout directly from BoA Online Banking. In a press release, the firm said that, in a move toward simplifying...
Banking on mobile devices is continuing to grow in popularity. The Federal Reserve released the results of a survey on Wednesday (March 30) that showed 43 percent of adults used their phones for financial activities, a number that has steadily increased. The number of survey...
