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

Majority Raises $37.5M to Further Serve Banking Needs of US Migrants

Majority Raises $37.5M to Further Serve Banking Needs of US Migrants
Majority Raises $37.5M to Further Serve Banking Needs of US Migrants
September 14, 2022  |  Banking

Mobile bank for migrants Majority raised $37.5 million in a Series B funding round for expanding its suite of essential services as it continues its...

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Why Banking Apps Need to Be More Than Just Banking Apps
Why Banking Apps Need to Be More Than Just Banking Apps
September 14, 2022  |  Banking

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

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YAP CEO Says Collaboration, Not Competition, Creates More Wins for MENA Neobanks
YAP CEO Says Collaboration, Not Competition, Creates More Wins for MENA Neobanks
September 14, 2022  |  Banking

Unconstrained by legacy systems, decades-long financial commitments and the obligations of a full banking license, digital banking apps are shaking things up and introducing a...

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EMEA Daily: Verto and Xente Team up on NGO Payments; Wio Digital Bank Launches in UAE With Initial Focus on SMBs
EMEA Daily: Verto and Xente Team up on NGO Payments; Wio Digital Bank Launches in...
September 13, 2022  |  Europe

Today in Europe, the Middle East and Africa (EMEA), Verto has partnered with Xente to provide payment services to NGOs and the United Arab Emirates...

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Wio Digital Bank Launches in UAE With Initial Focus on SMBs
Wio Digital Bank Launches in UAE With Initial Focus on SMBs
September 13, 2022  |  Banking

Wio, a government-backed digital bank, has launched in the United Arab Emirates. Get the Full Story Complete the form to unlock this article and enjoy...

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The Data Point: 57% of Millennials and Bridge Millennials Drawn to Digital Banks
The Data Point: 57% of Millennials and Bridge Millennials Drawn to Digital Banks
September 13, 2022  |  Banking

While digital banking still accounts for a small percentage of the overall pie, interest is growing in neobanks over traditional banks for some demographics who...

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Turkish Startup Fimple Raises $2M to Grow BaaS Solutions
Turkish Startup Fimple Raises $2M to Grow BaaS Solutions
September 12, 2022  |  Investments

Turkish startup Fimple has drawn $2 million worth of investments in a two-month, pre-seed tour and aims for global expansion of its cloud-based financial services....

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Western Union Acquires Te Enviei to Speed Digital Wallet Launch in Brazil
Western Union Acquires Te Enviei to Speed Digital Wallet Launch in Brazil
September 12, 2022  |  Mobile

Western Union will begin offering its digital wallet in Latin America in the first half 2023, beginning with a launch in Brazil enabled by the...

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