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

Deep Dive: Why Leveraging Biometrics Can Ease FIs’ $4B ATO Problem

Deep Dive: Why Leveraging Biometrics Can Ease FIs’ $4B ATO Problem
Deep Dive: Why Leveraging Biometrics Can Ease FIs’ $4B ATO Problem
July 13, 2020  |  Fraud Prevention

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Combating ATOs With Multifactor Authentication, Behaviors Analysis And Customer Education
Combating ATOs With Multifactor Authentication, Behaviors Analysis And Customer Education
July 10, 2020  |  Fraud Prevention

Much has been said about the viability of biometrics for guarding against bad actors, but financial institutions (FIs) cannot simply assume that all of their...

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Digital IDs Help Open Banking Reach Its Fullest Potential
Digital IDs Help Open Banking Reach Its Fullest Potential
July 10, 2020  |  Digital Banking

Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen, chief operating officer...

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Deutsche Bank, Google Join Forces For Cloud Services Offering
Deutsche Bank, Google Join Forces For Cloud Services Offering
July 07, 2020  |  Digital Banking

Deutsche Bank has agreed to an alliance with Google to provide the German lender with access to cloud services and to offer technology-based financial products...

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Square Rally Sees Firm’s Valuation Nearing Major Banks
Square Rally Sees Firm’s Valuation Nearing Major Banks
July 06, 2020  |  Investments

With a rally in shares, Square‘s valuation is approaching the level of some of the biggest U.S. banks, Bloomberg reports. Get the Full Story Complete...

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Wells Fargo On What It Will Take To Revive The SMB Economy
Wells Fargo On What It Will Take To Revive The SMB Economy
July 03, 2020  |  SMBs

Small- and medium-sized businesses have been hit hard by the pandemic, but most are scrambling into digital pivots to blunt the impact of physical stores’...

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Survey: Quarter Of Americans Open To Banking With Big-Tech Firms Like Amazon, Apple And Google
Survey: Quarter Of Americans Open To Banking With Big-Tech Firms Like Amazon, Apple And Google
July 01, 2020  |  Digital-First Banking

Despite the surge in mobile payments and online banking, no one is predicting the disappearance of traditional banks and their brick-and-mortar branches.  Get the Full...

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Cloud Banking Gives Legacy Systems A Lift
Cloud Banking Gives Legacy Systems A Lift
July 01, 2020  |  Cloud Banking

Is it surprising to know that 55 percent of legacy financial institutions (FIs) report lacking maturity in core systems? Or that, on average, 15 percent...

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Getting Onboard With Digital-First Banking
Getting Onboard With Digital-First Banking
July 01, 2020  |  Digital Banking

In the post-pandemic terrain, digital onboarding is both hero and villain. That’s because COVID-19’s social distancing rules, plus digital everything, has led to the realization...

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