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)

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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Citi Debuts Digital Platform for Commercial Banking Customers
Citi Debuts Digital Platform for Commercial Banking Customers
July 10, 2023  |  Digital Banking

Citi has launched a “single entry point” digital platform aimed at its commercial banking clients. The platform, dubbed CitiDirect Commercial Banking, gives customers a better view of...

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Report: Revolut US Payments Flaw Leads to $20 Million Theft
Report: Revolut US Payments Flaw Leads to $20 Million Theft
July 09, 2023  |  Security & Fraud

A flaw in Revolut’s U.S. payment system reportedly let criminals steal more than $20 million. As the Financial Times (FT) reported Sunday (July 9), the thefts occurred over...

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Revolut Launches Instant Cash Back Rewards in US
Revolut Launches Instant Cash Back Rewards in US
July 06, 2023  |  Loyalty & Rewards

Revolut has launched a new in-app feature in the United States that provides instant cash back rewards. The financial app’s new Shops feature provides up to 3% instant...

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How Digital Innovation Is Unifying Africa’s Fragmented Payments Landscape
How Digital Innovation Is Unifying Africa’s Fragmented Payments Landscape
July 06, 2023  |  Digital Payments

In 2019, Meta CEO Mark Zuckerberg said it was time to simplify money movement and make sending money to someone as easy as sending a...

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PYMNTS Intelligence: How FIs Can Augment Their Digital Experiences With Cloud Technology
PYMNTS Intelligence: How FIs Can Augment Their Digital Experiences With Cloud Technology
July 05, 2023  |  Digital Banking

The financial industry is at a turning point in its history as more users flock to digital banking, many of whom plan never to set...

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Revolut Launches in New Zealand With Waitlist of 26,000
Revolut Launches in New Zealand With Waitlist of 26,000
July 03, 2023  |  Digital Banking

British financial app Revolut has launched in New Zealand. Customers in the country can now use the app to access foreign currency exchange, peer-to-peer payments,...

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Two-Thirds of CUs Take Risky Approach to Digital Innovation
Two-Thirds of CUs Take Risky Approach to Digital Innovation
June 29, 2023  |  Credit Unions

Many credit unions (CUs) have resolved to follow rather than lead in digital innovation. Nearly two-thirds adopt a cautious wait-and-see approach even as more members...

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Orange to Exit Banking Business and Partner With BNP Paribas
Orange to Exit Banking Business and Partner With BNP Paribas
June 28, 2023  |  Digital Banking

French telecom Orange plans to exit the retail banking business in France and Spain. The firm, which launched Orange Bank in 2017, is in exclusive talks with BNP Paribas to have that...

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