mobile banking

Mobile banking is the act of making financial transactions on a mobile device (cell phone, tablet, etc.).

Customer Is Still King and Queen of Banking Innovation
Customer Is Still King and Queen of Banking Innovation
March 15, 2024  |  Banking

In a world where change is constant, digitization has become one of life’s certainties. This advancement is coming to even traditionally staid sectors like financial...

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Mastercard to Launch New Open Banking-Powered Digital Account Opening Experience
Mastercard to Launch New Open Banking-Powered Digital Account Opening Experience
February 28, 2024  |  Digital Banking

Mastercard is preparing to launch a new digital account opening experience for select U.S. debit and prepaid products. The program will use open banking solutions...

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PSCU/Co-Op Solutions Combination Creates Innovation ‘Aggregator’ for Credit Unions
PSCU/Co-Op Solutions Combination Creates Innovation ‘Aggregator’ for Credit Unions
February 21, 2024  |  Credit Unions

Mergers are born of the principle that a combination of enterprises is greater than the sum of the respective parts. Chuck Fagan, president and CEO...

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Bank of America Reports Digital Banking Alerts, Logins Rise 11%
Bank of America Reports Digital Banking Alerts, Logins Rise 11%
February 12, 2024  |  Digital-First Banking

Bank of America clients had a record 23.4 billion digital interactions with the bank in 2023. Those interactions include logging into their accounts 12.8 billion times...

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H&R Block Mobile Banking Platform Sees Deposits Nearly Quadruple YoY
H&R Block Mobile Banking Platform Sees Deposits Nearly Quadruple YoY
February 06, 2024  |  Earnings

H&R Block’s mobile banking platform has nearly quadrupled its customer deposits over the past year. Since its launch in January 2022, in cumulative results as...

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5G Promises Connected Consumers More Personalized, Efficient Banking Experiences
5G Promises Connected Consumers More Personalized, Efficient Banking Experiences
February 06, 2024  |  Technology

With the launch of Apple Vision Pro in the United States, the spotlight has again turned to its enabling technology: 5G. This resurgence is not...

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Lloyds Slashes Jobs as Banking Customers Shift to Digital
Lloyds Slashes Jobs as Banking Customers Shift to Digital
January 25, 2024  |  Banking

Lloyds Bank is reportedly eliminating 1,600 jobs amid an increased focus on digital banking. The British lender also plans to create 830 new jobs for its “relationship growth” team...

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Truist Ups Digital Focus as Mobile Transactions Climb
Truist Ups Digital Focus as Mobile Transactions Climb
January 18, 2024  |  Earnings

Truist Financial continues to see digital engagement among its customers climb. The North Carolina-based bank reported earnings Thursday (Jan. 18) showing the number of  mobile app users grew...

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Most Customers Switch Banks for Better Digital Experiences Despite AI Concerns
Most Customers Switch Banks for Better Digital Experiences Despite AI Concerns
January 17, 2024  |  Digital Banking

The increasing popularity of mobile banking apps, especially among younger generations, has driven the rise of digital banking.  In fact, the convenience and ease of...

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