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

Citigroup’s Jud Linville To Leave As Part Of Executive Reshuffling

Citigroup’s Jud Linville To Leave As Part Of Executive Reshuffling
Citigroup’s Jud Linville To Leave As Part Of Executive Reshuffling
August 13, 2018  |  Banking

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...

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Monzo Extends Its Bank Accounts To UK Residents Aged 16, 17
Monzo Extends Its Bank Accounts To UK Residents Aged 16, 17
August 06, 2018  |  Banking

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...

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Citizens Debuts Digital Bank
Citizens Debuts Digital Bank
July 11, 2018  |  Banking

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...

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Santander Online Banking Debuts In UK
Santander Online Banking Debuts In UK
May 14, 2018  |  Merchant Innovation

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...

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Paytm Tops 100M Downloads
Paytm Tops 100M Downloads
December 28, 2017  |  Payment Methods

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...

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Paytm Says On Track To Be World’s Biggest Digital Bank
Paytm Says On Track To Be World’s Biggest Digital Bank
November 29, 2017  |  Banking

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...

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Oregon-Based Simple Bank Laying Off Nearly 10 Percent Of Workforce
Oregon-Based Simple Bank Laying Off Nearly 10 Percent Of Workforce
August 18, 2017  |  Banking

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...

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Startup Tandem Acquires Harrods Bank
Startup Tandem Acquires Harrods Bank
August 08, 2017  |  Partnerships

Startup bank Tandem has acquired Harrods Bank, officially achieving its goals of moving into the U.K. banking market. Get the Full Story Complete the form to...

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