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)
Goldman Sachs is moving its Marcus business line into its wealth-management unit. According to an internal memo seen by Bloomberg, the firm’s $1.5 trillion investment-management...
Goldman Sachs Group has launched its consumer bank, Marcus, in the United Kingdom, the latest salvo of the company’s push into retail banking, this time...
Citigroup announced Monday (Aug. 13) that Jud Linville, CEO of global cards and consumer services, will leave the bank as part of executive reshuffling. According...
Monzo, the digital bank, announced Monday (Aug. 6) that it is making its bank accounts open to anyone in the U.K. between the ages of...
Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank. Citizens Access safely and securely offers Member FDIC-insured online savings and CD accounts with...
Santander Online, the Spanish banking giant and lender, is gearing up to launch a digital bank in the U.K. that is a standalone operation. The...
India-based digital payments company Paytm announced Wednesday (Dec. 27) that it had surpassed the 100 million downloads mark on the Google Play Store. In a company blog...
India-based Paytm Payments Bank not only wants to become the world’s largest digital bank, but also to evolve into a financial services company providing a...
Portland, Oregon-based online bank Simple reduced its workforce by nearly 10 percent earlier this week, marking its second round of layoffs in 2017. According to a...