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

Chime Cuts 10% of Workforce in AI Pivot

Chime Cuts 10% of Workforce in AI Pivot
Chime Cuts 10% of Workforce in AI Pivot
July 31, 2026  |  Banking

Chime Financial plans to lay off about 150 people, or 10% of its workforce, Bloomberg reported Friday (July 31), citing a memo to employees from...

READ MORE >
SoFi Cross-Selling Grows as Existing Members Drive 51% of New Products
SoFi Cross-Selling Grows as Existing Members Drive 51% of New Products
July 29, 2026  |  Earnings

SoFi wants artificial intelligence to do more than answer a customer’s financial questions. It wants AI to eventually act on them, and in the process...

READ MORE >
Barclays Profits Jump 17% Due to Rise in Dealmaking
Barclays Profits Jump 17% Due to Rise in Dealmaking
July 28, 2026  |  Earnings

British lender Barclays logged a 17% increase in profits for the first half of 2026. Get the Full Story Complete the form to unlock this...

READ MORE >
X Money Makes Debut For Premium Subscribers
X Money Makes Debut For Premium Subscribers
July 28, 2026  |  Digital Payments

Elon Musk’s “everything app” vision is one step closer to reality, though not yet for everyone. Get the Full Story Complete the form to unlock...

READ MORE >
Western Union Pulls Plug on Digital Banking Service
Western Union Pulls Plug on Digital Banking Service
July 28, 2026  |  Banking

Western Union Digital Bank is being discontinued, is ending its services and will close all accounts two months after users have received their closure notice,...

READ MORE >
Happen’s Digital Banking Push Helps Deposits Jump 18%
Happen’s Digital Banking Push Helps Deposits Jump 18%
July 27, 2026  |  Banking

The clearest evidence of LendingClub’s new incarnation into a full-scale digital bank can be measured not merely in another jump in personal loan volume, but...

READ MORE >
FIS Links Digital Money to Smarter Bank Networks
FIS Links Digital Money to Smarter Bank Networks
July 27, 2026  |  Blockchain

Watch more: What’s Next in Payments With FIS’ David Trecker Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

READ MORE >
40% of Digital Bank Users Choose Mobile Wallets Over Plastic
40% of Digital Bank Users Choose Mobile Wallets Over Plastic
July 23, 2026  |  Digital Payments

Digital bank customers are turning the mobile wallet from a convenience into their default way to pay. Get the Full Story Complete the form to...

READ MORE >