The past several years have been good times for digital banking players popping up to challenge traditional brick-and-mortar financial institutions for market share, but recent months have accelerated that trend into overdrive. Consumers worldwide are realigning their entire lives around digital — and looking for...
BBVA USA is collaborating with Google to offer consumers a digital bank account through Google Pay. The Alabama-based bank holding company said the partnership is key to its strategy of growing the bank throughout the U.S. as it deepens its transformation and capitalizes on the innovations that...
Six additional U.S. banks and credit unions (CUs) have signed on to offer checking and savings accounts through Google Pay. BankMobile, BBVA USA, BMO Harris, The Coastal Community Bank, First Independence Bank (a federally designated minority depository institution) and SEFCU will join Citi and Stanford...
The pandemic has pushed digitization from a “nice to have” to a “have to have” for consumers all over the world and across all age demographics. But as Karen Webster noted in a recent On the Agenda conversation with a panel of industry experts, a...
The Bank of England (BoE) is pushing ahead with an overhaul of a key part of the United Kingdom’s financial payments infrastructure. The U.K.’s central bank announced on Thursday (July 30) that it has hired IT firm Accenture to revamp and modernize what is known...
The ATM isn’t living up to its full potential, a fact that’s really starting to come into focus for financial institutions (FIs) under COVID-19. The days of the ATM serving as just a quick cash dispensary are numbered, Sonia Sedler, Diebold Nixdorf’s global head of managed...
Touchless. Contactless. These are the adjectives attending COVID-19 everywhere we find it — or fear it. And while it can be fairly said that good relationships don’t start with fear, that doesn’t always apply. Fear signals risk and attunes us to it, improving the most...
The way banks and their customers are coping with the new realities brought on by the COVID-19 pandemic could be a bellwether for the future of the financial industry. Online banking currently ranks as the most commonly utilized form of banking, followed by mobile banking,...
If open banking developments in the European Union (EU) are any indication of what’s coming to America — that’s been the case in recent years — then it’s open season for open banking. “A new survey of European FI customers is … indicating the massive...
