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

Banks Must Bundle Up or Lose Customers Who Are Done With Piecemeal Services

Banks Must Bundle Up or Lose Customers Who Are Done With Piecemeal Services
Banks Must Bundle Up or Lose Customers Who Are Done With Piecemeal Services
August 15, 2022  |  Banking

In banking, simplicity rules, and financial institutions (FIs) must simplify and consolidate what’s on offer to consumers — lest they lose nearly half of their...

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Central Bank Chief: Brazil’s Banks Do Not Lose Money With Pix
Central Bank Chief: Brazil’s Banks Do Not Lose Money With Pix
August 12, 2022  |  Digital Payments

The head of Brazil’s central bank is refuting the idea that banks lose money with the country’s Pix instant payment system. Get the Full Story...

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BM Technologies on Managing Digital Security and the Customer Experience
BM Technologies on Managing Digital Security and the Customer Experience
August 12, 2022  |  Digital-First Banking

While 50% of consumers avoid digital-only FIs due to security concerns, BM Technologies CTO Jamie Donahue tells PYMNTS that digital-first institutions actually have a home-field...

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FinTechs Use Investing APIs to Help Millennials, Gen Zs Build Wealth
FinTechs Use Investing APIs to Help Millennials, Gen Zs Build Wealth
August 12, 2022  |  API

The art of investing is often considered a sophisticated practice reserved for only high net worth individuals who have the resources to play to win....

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Digital Banks Lack ‘Home Field’ Advantage Needed to Overcome Consumer Security Concerns
Digital Banks Lack ‘Home Field’ Advantage Needed to Overcome Consumer Security Concerns
August 11, 2022  |  Digital-First Banking

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Wise, Plaid Launch Open Finance Partnership
Wise, Plaid Launch Open Finance Partnership
August 10, 2022  |  Partnerships

Money transfer service Wise and payments processing company Plaid have formed an open finance agreement to help customers move money across different financial institutions (FIs)....

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Thread Bank, Unit Collaborate to Expand Banking-as-a-Service
Thread Bank, Unit Collaborate to Expand Banking-as-a-Service
August 10, 2022  |  Partnerships

Banking-as-a-Service (BaaS) platform Unit has teamed up with digital-first bank Thread Bank to allow companies to embed banking services into their products. Get the Full...

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Hello Digit Hit By $2.7M CFPB Fine Over Fees Connected to Automated Savings 
Hello Digit Hit By $2.7M CFPB Fine Over Fees Connected to Automated Savings 
August 10, 2022  |  Bank Regulation

A faulty algorithm caused overdraft penalties for automated savings withdrawals for customers of Hello Digit and it has neglected to make good on promises, the...

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Figure Teams With Visa to Improve Banking in a Box Platform
Figure Teams With Visa to Improve Banking in a Box Platform
August 10, 2022  |  Partnerships

Blockchain lending startup Figure Technologies has teamed with Visa to offer issuing processor services using Figure’s Banking in a Box online banking platform. Get the...

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