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

Finxact Raises $30M For Banking SaaS
Finxact Raises $30M For Banking SaaS
January 28, 2019  |  B2B Payments

Finxact announced that it has raised $30 million in equity financing, with participation from new and existing investors. New investors include the American Bankers Association...

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Online Shift Trims Citi’s Russian Bank (Branches)
Online Shift Trims Citi’s Russian Bank (Branches)
January 24, 2019  |  Banking

Regulatory oversight may have the impact of reducing some banks’ physical footprint abroad. To be specific, that may be the case in at least one...

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SWIFT Messages Hit All-Time High, Driven By gpi Adoption
SWIFT Messages Hit All-Time High, Driven By gpi Adoption
January 23, 2019  |  Digital Banking

SWIFT, a leader in secure financial messaging services, said that it facilitated an average of 31 million messages a day in 2018, an increase of...

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Santander To Close 140 UK Branches, Lay Off 800
Santander To Close 140 UK Branches, Lay Off 800
January 23, 2019  |  International

Banco Santander’s U.K. unit is gearing up to close 140 branches and let go of roughly 800 employees. According to a report in Bloomberg, the...

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Today In Data: The Seen And Unseen Advantages Of The Digital World
Today In Data: The Seen And Unseen Advantages Of The Digital World
January 21, 2019  |  Today In Data

The world of financial services is no longer going digital – it’s gone digital, a fact confirmed by the recent spree of bank earnings reports...

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Credit Unions Step Up During Government Shutdown
Credit Unions Step Up During Government Shutdown
January 18, 2019  |  Credit Unions

There is no shortage of headlines about the partial government shutdown that is now on its 27th day, and no shortage of articles speculating how long...

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Online Bank Tandem Mulls IPO
Online Bank Tandem Mulls IPO
January 17, 2019  |  IPO

Digital bank Tandem has revealed plans to go public within the next five years. The U.K. bank said an initial public offering (IPO) would “make...

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FinTech And Banking Apps Are Getting Stickier
FinTech And Banking Apps Are Getting Stickier
January 16, 2019  |  Mobile Applications

Consumers in the U.K. really, really like to keep tabs on their banking accounts. In fact, in 2018, they did so more than seven times...

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Goldman’s Marcus Logs $35B In Deposits In 2018
Goldman’s Marcus Logs $35B In Deposits In 2018
January 16, 2019  |  Earnings

Goldman Sachs saw its latest quarterly results beat Street estimates, helped by a combination of investment banking-related activity – but also by strength in its...

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