mobile banking

Mobile banking is the act of making financial transactions on a mobile device (cell phone, tablet, etc.).

Lloyds Slashes Jobs as Banking Customers Shift to Digital

Lloyds Slashes Jobs as Banking Customers Shift to Digital
Lloyds Slashes Jobs as Banking Customers Shift to Digital
January 25, 2024  |  Banking

Lloyds Bank is reportedly eliminating 1,600 jobs amid an increased focus on digital banking. The British lender also plans to create 830 new jobs for its “relationship growth” team...

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Truist Ups Digital Focus as Mobile Transactions Climb
Truist Ups Digital Focus as Mobile Transactions Climb
January 18, 2024  |  Earnings

Truist Financial continues to see digital engagement among its customers climb. The North Carolina-based bank reported earnings Thursday (Jan. 18) showing the number of  mobile app users grew...

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Most Customers Switch Banks for Better Digital Experiences Despite AI Concerns
Most Customers Switch Banks for Better Digital Experiences Despite AI Concerns
January 17, 2024  |  Banking

The increasing popularity of mobile banking apps, especially among younger generations, has driven the rise of digital banking.  In fact, the convenience and ease of...

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Big Bank Earnings Show Digital’s App-Driven Appeal to Consumers
Big Bank Earnings Show Digital’s App-Driven Appeal to Consumers
January 16, 2024  |  Banking

As earnings season rolls on, key themes from banks are emerging. Consumers are continuing to engage with their banks via mobile means, and branches are...

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CE 100 Index: AI, Banks and BNPL Names Were Standouts During 2023’s 42% Rally 
CE 100 Index: AI, Banks and BNPL Names Were Standouts During 2023’s 42% Rally 
January 04, 2024  |  Connected Economy

The CE 100 Index soared in 2023, largely on the wings of widespread rallies among banking and buy now, pay later (BNPL) names, up double...

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TD Bank and Plaid Partner to Ease Access to Apps
TD Bank and Plaid Partner to Ease Access to Apps
December 14, 2023  |  Banking

TD Bank Group and Plaid have partnered to eliminate the need for TD customers in Canada and the United States to share login credentials with...

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MoneyLion Revenue Rises Amid Changing Loan Landscape
MoneyLion Revenue Rises Amid Changing Loan Landscape
November 07, 2023  |  Earnings

MoneyLion said it recorded rising revenue this quarter after developing new personal finance tools. The financial app released quarterly earnings Tuesday (Nov. 7) showing revenues of $110...

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Banks Closed 11% of Supermarket Branches Over Past Year
Banks Closed 11% of Supermarket Branches Over Past Year
October 27, 2023  |  Banking

While brick-and-mortar bank branches have been closing for years, those located within supermarkets are reportedly shutting at a rate that is seven times higher than...

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