Experian has launched the Experian Smart Money Digital Checking Account and Debit Card, featuring FICO score-boosting Experian Boost. The new offering aims to provide consumers with a way to build credit without accumulating debt, the global information services company said in a Monday (Oct. 2)...
Hans Tesselaar, executive director of BIAN, told PYMNTS that the digital transformation of banking hinges on innovation, on interoperability between financial institution and providers forged across an agile ecosystem. But “the industry today is still very siloed,” he said, adding that there are “silos between...
British digital-only bank Monzo has added an investment feature to its offerings. Announced Tuesday (Sept. 12), the bank’s Investments feature lets customers put their money in funds overseen by BlackRock, letting users invest as little as a single British pound, according to the company website....
Fraud attacks against banks and credit unions (CUs) are nothing new, but consumers are taking them much more seriously than they used to. A study found that 74% of consumers rate fraud protection as a top-three priority when opening a new financial account, outstripping ease...
Digital banking has become the primary way many members engage with their credit unions. These interactions are typically quicker and more convenient than traveling to a physical branch or an ATM. However, these transactions are also more susceptible to fraud. Criminals can more easily impersonate...
Preferences for the best digital banking experience remain uncertain, leading to tied scores and the presence of both new and returning names in PYMNTS’ Provider Ranking of Digital Banking Apps. As a result, the current Top 10 ranking includes 11 apps. The Top 5 Tying for...
Serena Smith, chief client officer at i2c, told PYMNTS in a recent interview that although digital innovations in banking have come a long way in just a few short years, “There’s still a long way to go.” Much in the way 9/11 forced financial services...
Despite the growing perception that smartphones provide more security online, most banking consumers said they think smartphones and computers are equally secure for several select online financial activities. In the “Consumer Behaviors and Perceived Security Across Devices” report, PYMNTS gathered insights from a survey of...
Turkish FinTech Colendi says it’s set to launch the country’s first digital deposit bank. That announcement came Monday (Aug. 21), after Colendi received approval from the Turkish Banking Regulation and Supervision Agency (BRSA). “As Turkey’s first digital bank, ColendiBank will target growing the platform to reach 50 million customers regionally,...
