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

Santander Says Its US Digital Bank Will Become Full Service
Santander Says Its US Digital Bank Will Become Full Service
October 24, 2024  |  Banking

Three days after Santander launched its digital bank in the United States, offering high-yield savings accounts, Executive Chair Ana Botin reportedly said the bank will...

READ MORE >
LendingClub Loan Originations Surge 27% as Consumers Look to Consolidate Debt
LendingClub Loan Originations Surge 27% as Consumers Look to Consolidate Debt
October 23, 2024  |  Earnings

LendingClub’s latest quarterly results show an acceleration of loan originations, and banks have moved back to the company’s platform as consumers look for ways to...

READ MORE >
Evolve to Begin Returning Funds to Synapse Brokerage End Users in November
Evolve to Begin Returning Funds to Synapse Brokerage End Users in November
October 23, 2024  |  Banking

Evolve Bank & Trust said Wednesday (Oct. 23) that it expects to begin returning funds it holds to Synapse Brokerage end users impacted by the...

READ MORE >
BaaS Faces Regulatory Reckoning: OCC and FDIC Actions Underscore Growing Scrutiny
BaaS Faces Regulatory Reckoning: OCC and FDIC Actions Underscore Growing Scrutiny
October 23, 2024  |  Banking

Banking-as-a-service (BaaS), as a business model, promises to reshape financial services. And a drumbeat of regulatory actions and continued scrutiny from a veritable alphabet soup...

READ MORE >
Green Dot Launches Brand Focused on Embedded Finance Capabilities
Green Dot Launches Brand Focused on Embedded Finance Capabilities
October 22, 2024  |  Banking

Green Dot has launched an embedded finance brand and platform of services called Arc by Green Dot. This new platform offers businesses a range of...

READ MORE >
Embedded Finance Comes With Side-Helping of More Merchant Sales
Embedded Finance Comes With Side-Helping of More Merchant Sales
October 22, 2024  |  Payments Innovation

The promise of embedded payments — and the march toward embedded everything — says that commerce and money movement is seamless and intuitive. In the...

READ MORE >
66% of Zillennials Prefer Mobile Banking, Outpacing Other Generations by 47%
66% of Zillennials Prefer Mobile Banking, Outpacing Other Generations by 47%
October 22, 2024  |  Zillennials

A new wave of financial engagement is emerging among zillennials — those straddling the line between Generation Z and younger millennials. This microgeneration, currently ranging...

READ MORE >
Santander Positions New Digital Platform as First Step in US Expansion
Santander Positions New Digital Platform as First Step in US Expansion
October 21, 2024  |  Banking

Santander’s digital banking platform, Openbank, is now officially live in the United States. According to a Monday (Oct. 21) press release, the launch marks a...

READ MORE >
Treasury Calls for Federal Payments Framework, but Key Details Remain Unclear
Treasury Calls for Federal Payments Framework, but Key Details Remain Unclear
October 18, 2024  |  Legal & Regulation

Through the past several weeks and months, the drumbeat’s grown louder for regulations at the federal level to govern nonbanks — especially FinTechs, neobanks and...

READ MORE >