Digital Banking

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

Source: en.wikipedia.org

UK’s Revolut Accuses Meta of ‘Woefully Short’ Effort in Battling Fraud
UK’s Revolut Accuses Meta of ‘Woefully Short’ Effort in Battling Fraud
October 03, 2024  |  Security & Fraud

U.K. FinTech Revolut has reportedly criticized Meta’s approach to combating financial fraud. As CNBC reported Thursday (Oct. 3), Revolut argues that the Facebook owner should be the one to provide compensation...

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FinTechs and FIs Find Common Ground on Scaling Real-Time AML Compliance
FinTechs and FIs Find Common Ground on Scaling Real-Time AML Compliance
October 02, 2024  |  Digital-First Banking

Recent announcements and partnerships have shown core banking’s appeal — not just for traditional FIs, but FinTechs too — as anti-money laundering (AML) efforts must...

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Intrepid and Alkami Partner as Credit Unions Embrace Digital Banking
Intrepid and Alkami Partner as Credit Unions Embrace Digital Banking
October 02, 2024  |  Partnerships

Alkami Technology, a digital banking solutions provider, announced a new partnership with Intrepid Credit Union to give the latter’s members access to new financial tools....

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PicPay Plans IPO Amid Brazil’s Digital Payments Revolution
PicPay Plans IPO Amid Brazil’s Digital Payments Revolution
October 02, 2024  |  IPO

Brazilian digital bank PicPay is reportedly planning to go public in the U.S. next year. The company is set to hire financial firms to help it with...

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52% of Gen Z and Millennial Consumers Say They Might Give Community Banks a Try
52% of Gen Z and Millennial Consumers Say They Might Give Community Banks a Try
October 02, 2024  |  Credit Unions

As digital banking transforms the financial landscape, community banks and credit unions (CUs) are poised to capture Generation Z and millennials. These digital natives are...

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Chime’s Free Overdraft Feature Extended $30 Billion to Users
Chime’s Free Overdraft Feature Extended $30 Billion to Users
October 01, 2024  |  Digital-First Banking

FinTech firm Chime says it has covered billions in overdrafts for its users. Through SpotMe, the banking app’s free overdraft feature, Chime’s members have received a...

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NCR Voyix Finalizes $2.4 Billion Digital Banking Sale to Veritas Capital; Rebrands as Candescent
NCR Voyix Finalizes $2.4 Billion Digital Banking Sale to Veritas Capital; Rebrands as Candescent
September 30, 2024  |  Digital-First Banking

NCR Voyix has completed the sale of its digital banking unit, the company said in a Monday (Sept. 30) news release. The unit was sold...

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LatAm Draws FinTechs Seeking to Transform Digital Banking
LatAm Draws FinTechs Seeking to Transform Digital Banking
September 25, 2024  |  Digital Banking

Digitally savvy, younger consumers with mobile devices in hand. Underbanked and even unbanked populations ripe for financial inclusion. A regulatory environment conducive to digital innovation....

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Mercado Pago Applies for Banking License in Mexico
Mercado Pago Applies for Banking License in Mexico
September 25, 2024  |  Digital-First Banking

Mercado Pago, the FinTech arm of MercadoLibre, reportedly applied for a banking license in Mexico earlier this month. The firm sent the application to the Mexican...

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