In today’s top news in digital-first banking, the Financial Crimes Enforcement Network (FinCEN) has issued a warning about COVID-19 vaccine scams and cybersecurity, while J.P. Morgan Chase has agreed to purchase cxLoyalty Group Holdings’ rewards division. Plus, the U.S. Securities and Exchange Commission’s lawsuit against Ripple...
Banks are fast-tracking digital-first banking solutions, but customers used to walking into a branch struggle to adapt, says CarrieAnne Cormier, senior vice president of retail operations and strategy for Avidia Bank. In the Digital-First Banking Tracker, Cormier explains how a cross-channel approach can help these...
The pandemic’s end is finally in sight as vaccines are approved and distributed, but the financial industry is not out of the woods yet. More than 20,000 bank branches in the United States are expected to close by end of the year, and four U.S....
In today’s top news in digital-first banking, Goldman Sachs is testing out a wealth management program for the general public, while PayPal will allow customers to cash in their next stimulus checks without a fee. Plus, the State Bank of Pakistan (SBP) is eyeing the...
In today’s top news in digital-first banking, a former Citigroup executive has joined J.P. Morgan Chase to lead Channels, while results from the Survey of Consumer Expectations (SCE) Credit Access Survey were released. Plus, Plastiq has grown its platform with an offering that will let...
In today’s top news in digital-first banking, FIS is working with Quontic Bank on the Bitcoin Rewards Checking Account, while Aeldra has chosen i2c Inc. to power its digital private banking offerings. Plus, Barclaycard is launching a Barclaycard Precisionpay Go system to let companies issue...
California-based challenger bank Aeldra has chosen i2c Inc. to fuel its digital private banking services. The mobile bank, which was started by neo bank veterans, is seeking to reach affluent global clients with household incomes of over $100,000, according to a Tuesday (Dec. 15) announcement e-mailed to...
That banking customers migrated to smartphones and apps in droves as a matter of necessity is now a matter of history. Going forward, digital experience is what banks, financial institutions (FIs) and merchants will be judged on. The time for being a laggard in this...
The pandemic has had a significant impact on consumer adoption of online and mobile banking services as more people are digitally engaging with their banks to curb health risks. Mobile banking use is ticking up, especially among younger users, with PYMNTS data showing that 75.9...
