Digital Banking

Digital banking is part of the broader context for the move to online banking, where banking services are delivered over the internet. The shift from traditional to digital banking has been gradual and remains ongoing, and is constituted by differing degrees of banking service digitization.

Source: en.wikipedia.org

Monzo Debuts Digital Bank Accounts for Kids Under 16
Monzo Debuts Digital Bank Accounts for Kids Under 16
July 17, 2024  |  Digital-First Banking

 British digital bank Monzo is launching a free account for children under 16. The bank on Wednesday announced the waitlist for Monzo for Under 16s,...

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Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
July 12, 2024  |  Earnings

Banks today are caught between an ongoing digital shift and a challenging macro environment. With the release of Wells Fargo’s second quarter 2024 earnings on...

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Alacriti and Lumin Digital Partner to Facilitate Loan Payments
Alacriti and Lumin Digital Partner to Facilitate Loan Payments
July 11, 2024  |  Partnerships

Alacriti and Lumin Digital partnered to enable financial institutions to offer a seamless loan payment experience. The collaboration includes the integration of Alacriti’s Orbipay loan...

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FDIC Warnings on Nonbanks Point to Gaps in Deposit Insurance
FDIC Warnings on Nonbanks Point to Gaps in Deposit Insurance
July 10, 2024  |  Digital Banking

They say there are no guarantees in life. That sentiment applies to financial services — at least depending on where you look, or what promises...

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BNP Paribas and Mistral Forge AI-Banking Pact
BNP Paribas and Mistral Forge AI-Banking Pact
July 10, 2024  |  artificial intelligence

French banking group BNP Paribas has formed a partnership with AI firm Mistral. The agreement, announced Wednesday (July 10), is a multiyear partnership that provides...

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New Data: Self-Service Innovation Emerges as Key to Credit Union Retention and Growth
New Data: Self-Service Innovation Emerges as Key to Credit Union Retention and Growth
July 10, 2024  |  Credit Unions

Credit union (CU) members tend to value benefits such as personal service and a sense of community associated with CUs. Data reveals, however, that CU...

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How the World Does Digital: Gen Z and Millennials Drive Singapore’s Digital Economy
How the World Does Digital: Gen Z and Millennials Drive Singapore’s Digital Economy
July 10, 2024  |  Connected Economy

While Singapore captivates visitors with its vibrant culture, food and stunning architecture, this Southeast Asian city-state wears another crown: A world leader in digital engagement....

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Fig Financial Launches Personal Loan Service in Canada
Fig Financial Launches Personal Loan Service in Canada
July 09, 2024  |  Loans

Toronto-based lender Fig Financial says its personal loan service is now open to all Canadians. “We are providing a true alternative to banks for every...

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Traditional Banks Go Digital as Neobanks Face Regulatory Heat
Traditional Banks Go Digital as Neobanks Face Regulatory Heat
July 09, 2024  |  Digital Banking

As regulators draw a bead on neobanks, traditional financial institutions are acting more like neobanks. Open banking looks set to transform financial services in the...

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