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

ATMs Are Ahead Of Their Time — Again

ATMs Are Ahead Of Their Time — Again
ATMs Are Ahead Of Their Time — Again
February 03, 2020  |  Digital Banking

The automated teller machine (ATM) debuted 51 years ago in the U.S., dispensing small preset amounts of cash … and that’s about it. They quickly...

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APIs May Be The Key To Singapore’s Open Banking Future
APIs May Be The Key To Singapore’s Open Banking Future
February 03, 2020  |  Regulation

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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Top News In Payments: Visa Logs 700M Direct Transactions; CFPB Sues Citizens Bank
Top News In Payments: Visa Logs 700M Direct Transactions; CFPB Sues Citizens Bank
January 31, 2020  |  News

In today’s top news, Visa reported positive first-quarter earnings, totaling 700 million Visa Direct transactions, and CFPB sued Citizens Bank for violating the Truth in...

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Gallup: Credit Unions Feel The Love
Gallup: Credit Unions Feel The Love
January 31, 2020  |  Credit Unions

The notion that credit unions (CUs) play country mouse to their more worldly banking cousins is beyond flawed, as a recent poll by the Gallup...

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Top News In Payments: Facebook Expenses Rise 51 Pct; Goldman Targets $125B In Consumer Deposits
Top News In Payments: Facebook Expenses Rise 51 Pct; Goldman Targets $125B In Consumer Deposits
January 30, 2020  |  News

In today’s top news, Facebook reports a 51 percent increase in expenses for 2019 in its Q4 earnings release, Goldman focuses on expanding its digital...

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BMO’s Digital-First Transformation Unlocks Operational Efficiencies
BMO’s Digital-First Transformation Unlocks Operational Efficiencies
January 30, 2020  |  Digital Banking

Bank customers increasingly prefer self-service transactions over branch visits, and financial institutions (FIs) are meeting them where there. Investments in features — such as remote...

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Goldman Targets $125B In Consumer Deposit Balances In Five Years
Goldman Targets $125B In Consumer Deposit Balances In Five Years
January 29, 2020  |  Banking

Amid the targets for return on equity in the investment banking business, Goldman’s first Investor Day in the wake of a revamped operating structure placed...

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CUs Work Together To Stay Ahead Of The Competition
CUs Work Together To Stay Ahead Of The Competition
January 29, 2020  |  Credit Unions

With 79 percent of credit union members willing to switch to a financial institution with more convenient banking services, offering mobile apps is becoming increasingly...

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Travelex Back Online After Cyberattack
Travelex Back Online After Cyberattack
January 28, 2020  |  Security & Fraud

Money travel service Travelex is back online after a cyberattack forced it to use paper and pen to manually complete transactions for customers over the...

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