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)

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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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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