digital bank

Digital banking is part of the broader context for the move to online banking, paperless 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.

Digital banking involves high levels of process automation and web-based services and may include APIs enabling cross-institutional service composition to deliver banking products and provide transactions.

(source: en.wikipedia.org)

Crypto Bank Custodia Sues Federal Reserve Over ‘Black-Box’ Master Account Decision
Crypto Bank Custodia Sues Federal Reserve Over ‘Black-Box’ Master Account Decision
June 08, 2022  |  Legal

Custodia Bank, a Wyoming-based digital asset bank, has taken legal action against the Federal Reserve Bank of Kansas City and the Board of the Federal...

READ MORE >
FinTech Ant Group Hires for Singapore Digital Bank
FinTech Ant Group Hires for Singapore Digital Bank
May 13, 2022  |  International

Chinese FinTech giant Ant Group is looking to hire 20 new positions in Singapore as part of an expansion across Southeast Asia, according to a...

READ MORE >
Today In Payments: JPMorgan Acquires Stake In Brazil’s C6 Bank; EU Plans To Accelerate Open Banking
Today In Payments: JPMorgan Acquires Stake In Brazil’s C6 Bank; EU Plans To Accelerate Open...
June 29, 2021  |  News

In today’s top news, J.P. Morgan has acquired a 40 percent stake in C6 Bank, a Brazilian digital bank, and the European Banking Authority outlined...

READ MORE >
Monzo Launches New Premium Consumer Banking Accounts
Monzo Launches New Premium Consumer Banking Accounts
July 16, 2020  |  Digital Banking

U.K. digital bank Monzo is taking another crack at offering premium online consumer banking accounts with features designed to help account holders create — and...

READ MORE >
Today In Payments: ByteDance Bids For Singapore Banking License; AmEx Cleared To Process Transactions In China
Today In Payments: ByteDance Bids For Singapore Banking License; AmEx Cleared To Process Transactions In...
June 15, 2020  |  News

In today’s top news, ByteDance joins the race for one of Singapore’s five digital banking licenses, and American Express has received initial approval to process...

READ MORE >
Monzo To Cut 120 Jobs Due To Pandemic Fallout
Monzo To Cut 120 Jobs Due To Pandemic Fallout
June 03, 2020  |  Banking

U.K. digital bank Monzo will cut 120 jobs due to the impact of the coronavirus, Reuters reports. The news came from an internal note from...

READ MORE >
UK Digital Bank Starling Raises $49 Million In Latest Funding Round
UK Digital Bank Starling Raises $49 Million In Latest Funding Round
May 29, 2020  |  Investments

Starling, a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co. and Harald McPike,...

READ MORE >
Aion Bank’s BusinessMax Offers Digital Solutions For SMBs
Aion Bank’s BusinessMax Offers Digital Solutions For SMBs
May 28, 2020  |  B2B Payments

Aion Bank’s newly-launched BusinessMax aims to generate high-quality digital banking services for small and medium-sized businesses (SMBs), according to a press release. The Belgian challenger...

READ MORE >
Monzo Ahead Of Revolut For US Banking License
Monzo Ahead Of Revolut For US Banking License
April 24, 2020  |  Banking

Monzo Bank Ltd., the British digital bank, has taken the next step to expand into the U.S. market, where it has already done some testing....

READ MORE >