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
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,...
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...
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....
London-headquartered FinTech Revolut is launching its app-based digital-only bank in the U.S. after attracting more than 10 million customers across Europe and the U.K. U.S....
In today’s top news, the travel industry stands to lose $820 billion due to coronavirus fears, Uber may sideline riders and drivers who have the...
In today’s top news, TurboTax creator Intuit is reportedly buying Credit Karma, and JPMorgan Chase is looking to open a digital bank in the U.K....
JPMorgan Chase is taking steps to open a digital bank in the U.K. by the end of the year. The banking firm has been talking...
In today’s top payments news, Wells Fargo is trying to revamp its approach to technology to appease regulators, and Goldman Sachs finally launches a mobile...
The former head of technology at Barclays, Mark Hipperson, is launching a digital bank called Ziglu that will serve both crypto and fiat accounts, according...