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

N26 Fined Almost $5M for AML Deficiencies
N26 Fined Almost $5M for AML Deficiencies
September 29, 2021  |  AML

German financial watchdog BaFin blasted online bank N26 for weak anti-money laundering (AML) controls and imposed a 4.25 million euro ($4.93 million) fine on the...

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Starling Expands Digital Banking to Europe
Starling Expands Digital Banking to Europe
September 29, 2021  |  Digital-First Banking

The U.K.-based digital bank Starling plans to offer its Banking as a Service across Europe, including France, Germany, the Netherlands and Spain, in the first...

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AML/KYC: Obstacle or Opportunity for Banks and FinTechs
AML/KYC: Obstacle or Opportunity for Banks and FinTechs
September 28, 2021  |  Bank Regulation

Regulatory agencies and financial institutions (FIs) agree on the importance of protecting the banking ecosystem from illicit activity and fraudulent users, but the methodology of...

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Central Bank Digital Currencies Can Cut Cross-Border Transaction Time 
Central Bank Digital Currencies Can Cut Cross-Border Transaction Time 
September 28, 2021  |  CBDC

Central bank digital currencies (CBDCs) can dramatically reduce the time needed for cross-border payments to clear from days to mere seconds, while cutting costs in...

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Software, Banking Pros Launch BankWise To Help FIs Manage Change
Software, Banking Pros Launch BankWise To Help FIs Manage Change
September 27, 2021  |  Banking

FinTech startup BankWise is being launched by software executives and banking veterans to help financial institutions (FIs) manage industry changes and new technologies, The Business...

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NEW DATA: 66% of Consumers Skip Their Banks’ Bill Pay Service
NEW DATA: 66% of Consumers Skip Their Banks’ Bill Pay Service
September 27, 2021  |  Digital Banking

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Report: Data Security Concerns Keep Nearly Half of US Consumers From Switching to Digital Only Banks
Report: Data Security Concerns Keep Nearly Half of US Consumers From Switching to Digital Only...
September 27, 2021  |  Digital Banking

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US Bank on How Leveraging Request for Payment Alleviates Friction, Offers Visibility Into the Billing Process
US Bank on How Leveraging Request for Payment Alleviates Friction, Offers Visibility Into the Billing...
September 24, 2021  |  Faster Payments

Billers often suffer from a lack of speed and clarity on their receivables, while payors are frequently stumped over what they owe and to whom....

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Goldman’s Marcus Chair Harit Talwar Retiring in October
Goldman’s Marcus Chair Harit Talwar Retiring in October
September 24, 2021  |  Personnel

When Harit Talwar joined Goldman Sachs in 2015, consumer banking was just an idea for the legacy financial institution. Now, after building Marcus into a...

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