Digital Banking

Digital banking is part of the broader context for the move to online banking, where banking services are delivered over the internet. The shift from traditional to digital banking has been gradual and remains ongoing, and is constituted by differing degrees of banking service digitization.

Source: en.wikipedia.org

Alexa, Stolen Fingerprints And The Rest Of The Week’s News
Alexa, Stolen Fingerprints And The Rest Of The Week’s News
April 12, 2019  |  News

It’s the end of a busy week, one full of news about payments and commerce. We here at PYMNTS are as excited about the weekend...

READ MORE >
BofA Debuts Digital Financial Coach
BofA Debuts Digital Financial Coach
April 11, 2019  |  Consumer Finance

Bank of America is gearing up to launch Life Plan, a digital portal that helps customers achieve financial goals, this fall. According to a report...

READ MORE >
How Startups Compete With Legacy Firms In Digital Banking
How Startups Compete With Legacy Firms In Digital Banking
April 11, 2019  |  Today In Data

Legacy banks and FinTech firms are looking to create digital-only banking services to capture consumer interest in using smartphones for their banking needs. In information technology news,...

READ MORE >
Chase On Gen Z, Mobile Banking — 10 Years In
Chase On Gen Z, Mobile Banking — 10 Years In
April 10, 2019  |  Digital Banking

With more consumers than ever interested in fulfilling all their financial needs on mobile, both legacy banks and FinTech firms are focusing on creating digital-only...

READ MORE >
The Search For Relief From Banks’ ‘Suffocating’ Legacy Infrastructure
The Search For Relief From Banks’ ‘Suffocating’ Legacy Infrastructure
March 28, 2019  |  B2B Payments

FinTech competition quickly ended banks’ practice of turning a blind eye to a lack of digital offerings. With more options than ever, customers demand better...

READ MORE >
Can AI Turn Banks Into FinTech Firms?
Can AI Turn Banks Into FinTech Firms?
March 28, 2019  |  Artificial Intelligence

There are no incumbent banks that are not paying attention to what the challenger banks are doing. What might have been written off even five years ago as a...

READ MORE >
First Three Digital Banking Licenses Awarded In Hong Kong
First Three Digital Banking Licenses Awarded In Hong Kong
March 27, 2019  |  Digital Banking

Hong Kong has issued its first digital banking licenses, in a move toward strengthening the city’s financial sector, according to reports. The Hong Kong Monetary...

READ MORE >
Is P2P A (Good) Trojan Horse For Banks?
Is P2P A (Good) Trojan Horse For Banks?
March 27, 2019  |  Digital Payments

In mythology, the Trojan Horse is a symbol of hidden intent — a gift hiding warriors ready to slash and burn. In tech, the Trojan...

READ MORE >
Mexican Gov’t. Wants Bank Competition To Help Unbanked
Mexican Gov’t. Wants Bank Competition To Help Unbanked
March 24, 2019  |  Banking

The Mexican government wants local banks to do more to help the millions of unbanked citizens in the country. President Andres Manuel Lopez Obrador, as...

READ MORE >