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)
In today’s top news in payments, officials at the Federal Trade Commission are considering blocking Facebook’s app integration, and Delta announces plans...
With the belief that it could cause instability within the country’s financial system, the government of Switzerland spoke against making a central...
Challenger banks with a couple of operating years behind them are beginning to get a taste of the problems they handed to...
Bank of America (BoA) is introducing new features for its virtual financial assistant Erica, which has over 10 million users since launching...
The U.S. subsidiary of Germany’s mobile bank N26 has expanded its Perk partnerships for debit cardholders, the company said in a press...
Open banking platform provider Token.io has announced the launch of affiliate company M10 Networks, which will focus on developing solutions for digital...
London’s digital bank startup Starling Bank has loaned just 1 percent of the amount it has pledged to give to small and...
Bank of China announced that it has issued 20 billion yuan ($2.8 billion) in blockchain-based bonds for small- and micro-sized businesses using...
A group of former software developers from Morgan Stanley have created a cryptocurrency derivatives exchange that will reportedly execute trades in less...
Lumin Digital has signed a multi-year contract with the University of Illinois Community Credit Union (UICCU) that will have Lumin’s cloud-based platform...
Norwegian banking group Eika Group has invested in FinTech EedenBull to help its banks with new and innovative payment solutions to serve...
Peer-to-peer (P2P) lender Zopa will secure a £130 million ($1.67 million USD) investment that it needs to become a challenger bank. The...
In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers,...
French startup Pixpay is the first challenger bank to cater to teens, offering a debit Mastercard for cashless payments, news outlets reported...
Banks’ digitization journeys have been a rocky road, to say the least. The spark of FinTech innovation in recent history has set...
It’s not easy being small — especially in business, and often when it comes to banking and payments. The bigger players take...
In addressing the innovation gap that exists between credit unions and their larger financial institution (FI) brethren, credit unions (CUs) may be...
More than half of the 3,114 counties in the U.S. lost bank branches between 2012 and 2017, with rural areas feeling the...
Banks and credit unions are certainly not on their way out, even as they face more pressure from challenger banks, FinTechs and...
Credit unions (CUs) are unique among financial institutions (FIs) for the sense of loyalty they inspire among their members. PYMNTS’ Credit...
Razorpay, a large payments processing outfit in India, has introduced an array of new services to provide startups, businesses and gig workers...
Mastercard and Galileo have announced Thursday (Nov. 21) a collaboration to help FinTechs and other financial-affiliated businesses with fast issuing of debit...
The FinTech unicorn Plaid has rolled out in three more European countries – Ireland, France and Spain – as part of an...
A digital bank that raised $110 million from investors — including celebrities Leonardo DiCaprio and Orlando Bloom — is suddenly struggling to...
PSCU, a credit union service organization (CUSO), is backing its subsidiary Lumin Digital, a cloud-based banking platform, with an additional $35 million,...
Bank and credit card fraud losses are likely to reach $44 billion by 2025, and new fraud types — like attacks from...
Barclays is collaborating with Hitachi on a biometric scanner designed to accelerate and boost the security of corporate transactions. Planet Biometrics reported...
With more than 4.1 billion user credentials exposed in the first half of 2019 alone, financial institutions (FIs) are rushing to artificial...
Payments credit union service organization (CUSO) PSCU has announced it will invest $100 million over the next few years to focus on...
The fact that fraud is on the rise is not new, nor is it surprising that banks are turning to artificial intelligence...
It was the gasp heard ‘round the world last week. Google confirmed that it will partner with Citi and Stanford Federal Credit...
National direct bank CIT Bank is introducing eChecking, a new digital checking account with a wide variety of electronic transfer and payment...
PYMNTS’ Where Will We Bank Next? Survey found that banking customers are increasingly placing a higher value on convenience, personal data security...
While small businesses often struggle with a lack of integrated digital tools from their traditional financial service providers, the friction in small...
In the face of growing competition, banks around the world are working hard to become the first choice of today’s customers. Recent...
Revolut, a British-based banking app, wants to raise $500 million to continue hiring and expanding into new markets, according to a report...
U.K. lender HSBC made progress in the launch of its digital banking platform for small businesses, Kinetic, which is now operating in...
Bottomline Technologies reported fiscal first-quarter results that showed continued traction in areas of digital banking and accounts payable (AP) technologies. In terms...
Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home...
Singapore bank OCBC is accelerating the bank account opening process for startups through a collaboration with Experian. An announcement on Monday (Nov....
South Korea has started a pilot-testing program for open banking, according to a release. The company started testing on Wednesday (Oct. 30)....
The U.K.’s Commonwealth Trade Bank is planning to overhaul its trade finance infrastructure and has announced a new partner to support the...
The need is pretty clear in the world of payments: Apps can potentially be game-changers, but only if they are seamless and...
The Clearing House (TCH) reported that 15 Jack Henry & Associates financial institutions (FIs) will use JHA PayCenter to connect to the...
Russia’s Sberbank, which is trying to become more digitally inclined as a financial institution, said it is buying Gazprombank’s holding stake in...
Discover Bank has announced that customers of its savings and money market accounts can now use the Zelle network for person-to-person (P2P)...
Canadian financial institution (FI) CIBC announced it now supports the opening of digital accounts for its business clients. The FI said in...
Current announced that it has closed a $20 million Series B round, bringing its fundraising total to $45 million. The round was...
New Zealand is a country that can be easy to overlook when it comes to FinTech. But the story of how payments...
Bottomline Technologies has announced the expansion of its Digital Banking IQ suite with the launch of its Real-Time Payments (RTP) module, utilizing...