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

49% of US Consumers Interested in Digital Banking Services from Larger Firms

49% of US Consumers Interested in Digital Banking Services from Larger Firms
49% of US Consumers Interested in Digital Banking Services from Larger Firms
October 05, 2021  |  Digital Banking

The report “Digital Banking: The Brewing Battle for Where We Will Bank,” a PYMNTS and Optherium collaboration, surveyed 2,225 U.S.-based consumers to gauge their impressions...

READ MORE >
Ribbit Capital Invests in Indonesian Digital Bank, Bank Jago 
Ribbit Capital Invests in Indonesian Digital Bank, Bank Jago 
October 04, 2021  |  Investments

Venture capital firm Ribbit Capital recently bought a minority stake in a Jakarta-based digital bank Bank Jago, the country’s first fully digital bank, according to...

READ MORE >
Security Breaches Underscore Questions on Open Banking’s Data Liability  
Security Breaches Underscore Questions on Open Banking’s Data Liability  
October 04, 2021  |  Security & Fraud

The chain of data protection – keeping the most sensitive information out of the hands of hackers and other bad actors – is only as...

READ MORE >
Challenger Bank Monzo Abandons US Banking License Application
Challenger Bank Monzo Abandons US Banking License Application
October 04, 2021  |  Digital-First Banking

London-based FinTech company Monzo has pulled back its application for a U.S. banking license, according to a Monday (Oct. 4) report from CNBC. Get the...

READ MORE >
Google Abandons Plans for Plex User Bank Accounts
Google Abandons Plans for Plex User Bank Accounts
October 01, 2021  |  Digital Banking

Google has jettisoned its plan to offer bank accounts to its users, The Wall Street Journal reported on Friday (Oct. 1). Get the Full Story...

READ MORE >
Fiserv to Open Location in New Jersey
Fiserv to Open Location in New Jersey
September 29, 2021  |  Digital Banking

Global FinTech Fiserv on Wednesday (Sept. 29) announced it will open a new office in Berkeley Heights, New Jersey, expanding the company’s presence in the...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >