French payments app Lydia has launched a European banking super app called Sumeria. The company will invest more than €100 million and hire 400 people in three years to become a major player in this sector in France before expanding to other parts of Europe, Lydia...
It has been a wild ride for many companies that come under the heading ‘“FinTech.” Case in point: MoneyLion. Just a year ago the company was a neobank struggling under a $9 million loss for Q1 2023. Fast forward a year and the data-driven financial...
The shift toward digital channels in financial services shows no signs of slowing down, as evidenced by the latest earnings results from incumbent banks and financial services providers. During the first quarter, Bank of America logged a staggering 3.4 billion digital logins, with digital sales accounting for half...
The banking landscape is undergoing a digital transformation, as traditional financial institutions (FIs) race to keep pace with evolving consumer preferences and technological advancements. Santander’s recent announcement of plans to launch its digital bank, Openbank, in the United States and Mexico in the second half of 2024 underscores...
March 28, 2024
For decades, consumer expectations around the convenience and always-on capabilities of their financial services could not be met. The typical Monday-through-Friday banking hours and 4 p.m. branch closings have made it difficult for consumers to decide when and how they bank. That’s quickly changed. Consumer expectations, technological advancements and shifting market dynamics are redefining what […]
March 27, 2024
Eric Foust, VP of Banking Partnerships, North America at Trustly, said that in the wake of the pandemic, consumers are looking toward banks to deliver the same ease of use and...
March 26, 2024
If video killed the radio star, then what has digitization done to the banking landscape? Well, some observers believe it may have just given the industry a new lease on...
March 26, 2024
Did the mobile device kill the bank branch? Not quite, but as the world moves increasingly toward digital rather than physical banking channels, the banking sector may have already crossed...
May 15, 2024
French payments app Lydia has launched a European banking super app called Sumeria. The company will invest more than €100 million and hire 400 people in three years to become a major player in this sector in France before expanding to other parts of Europe, Lydia said in a Wednesday (May 15) post on LinkedIn, translated from […]
April 09, 2024
Santander will launch its digital bank, Openbank, in the United States and Mexico in the second half of 2024. Currently, Openbank serves 2 million customers in four European countries — Spain, Portugal,...
February 15, 2024
Cash App is now offering up to 4.5% interest on savings. “Earn up to 4.5% interest on your savings on Cash App through our partner bank and reach your goals faster,”...
February 12, 2024
Bank of America clients had a record 23.4 billion digital interactions with the bank in 2023. Those interactions include logging into their accounts 12.8 billion times and receiving 10.6 billion proactive...
