How Startups Compete With Legacy Firms In Digital Banking

By  |  April 11, 2019
 | 
How Digital Banking Competes With Legacy Firms

Legacy banks and FinTech firms are looking to create digital-only banking services to capture consumer interest in using smartphones for their banking needs. In information technology news, the U.S. — and the federal government in particular — needs more cybersecurity experts. Urjanet, which collects and aggregates consumer utility data, is adding new providers every month. In retail, merchants and providers are gearing up for contactless payments. All this, Today In Data.

    Get the Full Story

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

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Data: 

    150 million: Number of U.S. consumers who are expected to use in-store mobile payments by 2021.

    100: Approximate number of new providers that Urjanet is adding on a monthly basis.

    91 percent: Share of Canadian customers who believe technology has made banking more convenient.

    20 percent: Portion of U.S. banking branches that are expected to close between 2014 and 2020.

    Advertisement: Scroll to Continue

    4.2 percent: Share of federal cybersecurity workers who are age 30 and under.


    Recommended

    FinCEN: Ransomware Incidents and Payments Dropped in 2024 After Law Enforcement Actions

    SoFi Aims to Raise $1.5 Billion to Fund Additional Business Opportunities

    Apple’s General Counsel and Government Affairs Head to Retire

    Prediction Market Polymarket Begins Rolling Out US App

    See More In: , , , , , , , , , , ,