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)

Revolut Extends Accounts in US to Non-Citizens
Revolut Extends Accounts in US to Non-Citizens
July 25, 2023  |  Digital-First Banking

Revolut is now offering accounts to non-United States citizens lawfully in the country, who do not have a Social Security number (SSN) or individual taxpayer identification...

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NCR Planned Business Split Creates NCR Voyix and NCR Atleos
NCR Planned Business Split Creates NCR Voyix and NCR Atleos
July 24, 2023  |  Business

The two businesses created by the planned separation of NCR will retain “NCR” in their names. The digital commerce business will be called NCR Voyix, while the...

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Bunq Raises $49 Million to Further International Expansion and Growth
Bunq Raises $49 Million to Further International Expansion and Growth
July 24, 2023  |  Investments

European neobank bunq has closed a 44.5-million-euro (about $49 million) funding round that brings its total capital raised this year to nearly 100 million euros (about $111...

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JPMorgan to Expand Online Banking Platform Into Germany and EU
JPMorgan to Expand Online Banking Platform Into Germany and EU
July 21, 2023  |  Digital-First Banking

J.P. Morgan reportedly plans to expand its online banking platform Chase into Germany and other European Union (EU) countries. Preparations for such a move have...

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Spend Platform Brex Taps Airwallex as It Plans Global Expansion
Spend Platform Brex Taps Airwallex as It Plans Global Expansion
July 19, 2023  |  Spend Management

Payments platform Airwallex says it is helping FinTech Brex with its worldwide expansion. “In today’s economic climate, every business is navigating two competing interests: expanding...

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Neobank bunq Launches Cash Back and Savings Interest
Neobank bunq Launches Cash Back and Savings Interest
July 18, 2023  |  Digital Banking

European neobank bunq has added cash-back and savings bonuses to its offerings designed for digital nomads. bunq now offers 1% cash back on food and...

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Bank of America: Digital Adoption Has Reached 83% of Customer Households
Bank of America: Digital Adoption Has Reached 83% of Customer Households
July 18, 2023  |  Earnings

Bank of America’s latest results show an increasing adoption of digital channels by customers to get their banking done. The presentation materials from the company...

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CFPB and European Commission Open Dialogue About Digitization of Finance
CFPB and European Commission Open Dialogue About Digitization of Finance
July 17, 2023  |  CFPB

As financial services become more digital, consumer advocates on both sides of the Atlantic are taking notice. To that end, Didier Reynders, commissioner for justice...

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14% of Small Businesses and Gig Workers Only Use Digital Banks
14% of Small Businesses and Gig Workers Only Use Digital Banks
July 12, 2023  |  Digital-First Banking

This next installment of PYMNTS’ mini-series on consumer behavior popularized during the pandemic focuses on the rise of digital-only banking. Traditional, brick-and-mortar banking through well-established...

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