digital first banking

Digital Banks Take Aim at Primary Accounts With Help of Platforms
Digital Banks Take Aim at Primary Accounts With Help of Platforms
February 13, 2023  |  Digital Banking

The ultimate aim for any FI is to become the home of the consumer’s primary account. That’s true of any provider — whether brick-and-mortar or...

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NatWest Pays $174M for UK Savings FinTech Cushon 
NatWest Pays $174M for UK Savings FinTech Cushon 
February 13, 2023  |  Acquisitions

One of the U.K.’s largest banks is expanding its workplace savings offerings. NatWest announced Monday (Feb. 13) it was acquiring Cushon, a British FinTech that provides...

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DCI Taps Atomic to Digitize Direct Deposit
DCI Taps Atomic to Digitize Direct Deposit
February 13, 2023  |  Digital-First Banking

Digital banking company DCI has teamed with Atomic to offer consumers easier direct deposit access through their banks. The partnership announced in a Monday (Feb. 13) news release, will let...

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Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud
Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud
February 03, 2023  |  Security & Fraud

 Not knowing who’s on the other side of the transaction is expensive.  As noted here last month, financial institutions (FIs) were fined nearly $5 billion for...

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New York Regulator Requires New Disclosures for Small Businesses Financing
New York Regulator Requires New Disclosures for Small Businesses Financing
February 01, 2023  |  Regulation

New York’s financial watchdog wants small businesses to have enough information when they seek financing. To that end, the New York Department of Financial Services (NYDFS) has...

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Bank Customers Want Advice on Best Way to Use Credit
Bank Customers Want Advice on Best Way to Use Credit
January 30, 2023  |  Consumer Finance

Card-issuing banks offering payment advice to clients may benefit from decreased delinquencies and higher long-term customer retention.  Data suggests that consumers are increasingly reaching for...

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Federal Reserve Denies Digital Asset Bank Custodia’s Application
Federal Reserve Denies Digital Asset Bank Custodia’s Application
January 27, 2023  |  Banking

The Federal Reserve Board has denied digital asset bank Custodia Bank’s application. The Fed said in a Friday (Jan. 27) press release that the Wyoming-based digital asset bank’s submitted application...

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Credit Union Data Helps Millennials Improve Financial Health, Attain Wealth
Credit Union Data Helps Millennials Improve Financial Health, Attain Wealth
January 19, 2023  |  Credit Unions

The new year is only a few weeks old. Many of us have set new financial goals as inflation injects uncertainty into daily life. The...

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BNPL Firm Tabby Raises $58M Series C for Expansion
BNPL Firm Tabby Raises $58M Series C for Expansion
January 18, 2023  |  Buy Now Pay Later

Dubai-based FinTech Tabby has raised $58 million in a Series C funding round. Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and...

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