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)

Gen Z Is Only 4% of Credit Union Members, and That’s a Problem
Gen Z Is Only 4% of Credit Union Members, and That’s a Problem
June 09, 2023  |  Credit Unions

Young consumers are feeling the pinch. According to recent PYMNTS data, 73% of millennials live paycheck to paycheck — the highest rate among all generations,...

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Digital-Only Banks May Already Be Winning the Savings Deposit War
Digital-Only Banks May Already Be Winning the Savings Deposit War
June 08, 2023  |  Digital-First Banking

Digital-only banks may fill the gap between traditional institutions’ low rates and Apple’s reported newcomer wrinkles.  As some of Apple’s first set of savings account...

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UK Regulator: Banks Have Five Days to Reimburse Push Payments Fraud Victims
UK Regulator: Banks Have Five Days to Reimburse Push Payments Fraud Victims
June 07, 2023  |  Regulation

Authorized push payments (APP) fraud victims in the U.K. could soon see faster reimbursements. That’s according to Great Britain’s Payment Systems Regulator (PSR) which on Wednesday (June...

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Credit Unions Now Face Innovate-or-Else Member Crisis
Credit Unions Now Face Innovate-or-Else Member Crisis
June 05, 2023  |  Credit Unions

Innovating is often easier said than done. But in today’s digital age, where a seamless and convenient experience across various touchpoints has become table stakes,...

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Revolut’s Global Retail Customer Base Tops 30 Million
Revolut’s Global Retail Customer Base Tops 30 Million
June 01, 2023  |  Digital Banking

British financial platform Revolut says it now has more than 30 million retail customers. That’s according to an announcement from the company Thursday (June 1),...

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UK Neobank Monzo Records First Monthly Profits
UK Neobank Monzo Records First Monthly Profits
May 31, 2023  |  Digital Banking

British neobank Monzo says it has reached profitability while reducing its annual losses. According to the bank’s annual report, Monzo reported net operating income of...

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JPMorgan Chase: Process, People and Partnerships Help Treasurers Build Business Resiliency
JPMorgan Chase: Process, People and Partnerships Help Treasurers Build Business Resiliency
May 31, 2023  |  Payment Methods

Just as the payments ecosystem is constantly changing, so too must treasurers’ approach to executing transactions and battling fraud. Arnold Evans, managing director and co-head...

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Mambu and iuvity Partner to Help Banks Launch Digital Solutions
Mambu and iuvity Partner to Help Banks Launch Digital Solutions
May 30, 2023  |  Partnerships

Mambu and iuvity have partnered to help banks accelerate the launch of new digital capabilities. With this collaboration, the companies offer a full range of...

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Banks Aim AI at Fraud Management but Need Help
Banks Aim AI at Fraud Management but Need Help
May 30, 2023  |  Fraud Prevention

A substantial number of Americans can expect to experience digital fraud at least once in their lifetime. A recent study found that bad actors have...

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