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)

Varo Unveils Instant Payments to Anyone With US Debit Card
Varo Unveils Instant Payments to Anyone With US Debit Card
September 21, 2023  |  Real-Time Payments

Varo Bank introduced Varo to Anyone, the digital bank’s free instant payment service. The service allows for payments from Varo Bank accounts insured up to...

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Temenos and IBM Team to Help Banks Modernize Payments
Temenos and IBM Team to Help Banks Modernize Payments
September 20, 2023  |  Partnerships

Banking software platform Temenos is now part of IBM’s Cloud for Financial Services. Temenos said its payments hub is the first dedicated payments solution on...

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Retail CBDCs Can’t Get an ‘A’ Grade From US Lawmakers
Retail CBDCs Can’t Get an ‘A’ Grade From US Lawmakers
September 18, 2023  |  CBDC

The use of digital cash is growing. Americans currently leverage digital payments for many — if not all — of their daily purchases, using credit...

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Banks and Payment Firms Tap AI to Combat Fraud Amid Surge in Sophisticated Financial Crime
Banks and Payment Firms Tap AI to Combat Fraud Amid Surge in Sophisticated Financial Crime
September 14, 2023  |  Fraud Prevention

The rise of digital banking and faster digital payment methods has brought about increasingly sophisticated fraud and financial crime.  Against that backdrop, financial institutions (FIs)...

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Greenlight and Apiture Team up to Provide Family Banking Solutions
Greenlight and Apiture Team up to Provide Family Banking Solutions
September 14, 2023  |  Partnerships

Apiture, a provider of digital banking solutions for banks and credit unions, has joined forces with family FinTech company Greenlight Financial Technology to make family...

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Nearly 70% of Consumers Prioritize Trust Over Convenience When Choosing a Bank
Nearly 70% of Consumers Prioritize Trust Over Convenience When Choosing a Bank
September 13, 2023  |  Banking

In the retail banking industry, convenience and trust are two pivotal elements that significantly influence customer satisfaction and the acquisition of new customers. In the...

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UK Neobank Monzo Unveils Investment Tools
UK Neobank Monzo Unveils Investment Tools
September 12, 2023  |  Digital Banking

British digital-only bank Monzo has added an investment feature to its offerings. Announced Tuesday (Sept. 12), the bank’s Investments feature lets customers put their money...

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Italy and Spain Lead European Demand for All-in-One App
Italy and Spain Lead European Demand for All-in-One App
September 07, 2023  |  financial apps

Consumers’ appetites for an all-in-one app are growing, with nearly 4 in 10 European consumers craving a single app to manage their everyday digital activities....

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Temenos Introduces Gen AI Solution for Classifying Banking Transactions
Temenos Introduces Gen AI Solution for Classifying Banking Transactions
September 06, 2023  |  Artificial Intelligence

Temenos has introduced a secure solution that uses generative artificial intelligence (AI) to deliver personalized banking experiences by automatically classifying customers’ banking transactions. The tool...

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