Digital-First Banking

Digital-First Banking
Digital Banks Lack ‘Home Field’ Advantage Needed to Overcome Consumer Security Concerns
August 11, 2022

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Digital-First Banking
UK’s CMA Warns Monzo Not to Inhibit Current Account Holders Switching Accounts
July 28, 2022

Financial transaction records can act as important evidence when securing a loan or mortgage, and U.K. banks are legally obliged to provide this information to customers so as to not create barriers to switching accounts providers. Get the Full Story Complete the form to unlock...

Digital-First Banking
NCR Says Financial Literacy Should Be Left to Community Banks and Credit Unions, Not TikTok
July 27, 2022

Strong growth in digital banking during the pandemic didn’t come with seminars in financial literacy. It should have, as younger demographics are found to be less fluent in personal finance than older cohorts, and a little education goes a long way in improving this situation....

Digital-First Banking
How ‘Invisible’ Tech Is Revolutionizing the U.S. Banking System
July 19, 2022

Way before he was a Broadway star, Alexander Hamilton was a formidable presence on another stage — in this case, the development of the U.S. financial system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Digital-First Banking
Truist Debuts Digital Consumer Accounts With No Overdraft Fees
July 18, 2022

Truist Financial on Monday (July 18) rolled out two accessible account options that will extend banking services to new customers while avoiding overdraft fees, a press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Digital-First Banking
Loan Loss Reserves Creep Up at Cautious Wells and Citi
July 15, 2022

The banks see strength — in consumer spending, debit, credit and in a recession that may prove short-lived. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Digital-First Banking
Stripe, SoFi and Robinhood Alums Launch Gen Z Neobank Uprise
July 13, 2022

Uprise, a FinTech which aims to help Gen Z manage money in a “digital family office,” has launched after raising $1.4 million in a seed funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Digital-First Banking
Balancing Profit, Sustainability Can Woo UK Millennials, Gen Z Customers From High Street Banks
July 05, 2022

Eighty-four percent of the entire U.K. population still banks with the top seven high street banks, which include the “Big Four” clearing banks: Barclays, Lloyds, HSBC, and NatWest. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Digital-First Banking
EMEA Neobank Weekly: Newcomers Seek to Differentiate as UK Grants Fresh Licenses
July 01, 2022

This week in the news, the U.K is to get two new neobanks as Ashman and Kroo are granted licenses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....