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

Making Sense of For Benefit Accounts (FBOs) and FinTech’s Future
Making Sense of For Benefit Accounts (FBOs) and FinTech’s Future
June 17, 2024  |  Legal

The recent Synapse bankruptcy represents one of the biggest implosions in the FinTech sector’s history. The ongoing mess at the banking-as-a-service (BaaS) platform has affected...

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Elder Scams Spike as More Boomers Move Online
Elder Scams Spike as More Boomers Move Online
June 14, 2024  |  Security & Fraud

As more baby boomers and seniors go online to get their banking done — making payments, investing and paying bills or taxes — the fraudsters...

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Why Banks Are Starting to Care About MACH Architecture
Why Banks Are Starting to Care About MACH Architecture
June 14, 2024  |  Digital-First Banking

Financial institutions (FIs) can’t meet the evolving needs of digital-first customers with traditional solutions and infrastructure.  That’s why the finance industry must continually modernize the...

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How Credit Unions Are Playing David Against Industry Goliaths
How Credit Unions Are Playing David Against Industry Goliaths
June 13, 2024  |  Credit Unions

Regardless of a credit union’s size, members expect digital-first capabilities that can compete with what for-profit financial institutions (FIs) offer. While many CUs are rising...

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Why This CTO Says the Bank of the Future Is Already Here
Why This CTO Says the Bank of the Future Is Already Here
June 13, 2024  |  artificial intelligence

Digital banks have long eschewed physical branches in favor of direct, digital customer engagement. Digital banking’s convenience has been a competitive advantage for challenger or...

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TymeBank Raising $150 Million as It Prepares for IPO
TymeBank Raising $150 Million as It Prepares for IPO
June 12, 2024  |  IPO

The CEO of South Africa’s TymeBank says the company is raising $150 million. “We are currently valued at close to $1 billion and busy with...

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UK Neobank Starling Profits Soar 55% for Third Year in the Black
UK Neobank Starling Profits Soar 55% for Third Year in the Black
June 12, 2024  |  Digital Banking

Starling has just finished its third profitable year amid plans to expand its software operations. The British neobank on Wednesday (June 12) released its annual report, showing...

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Experts Say Composable Banking Builds Better Digital Customer Experiences
Experts Say Composable Banking Builds Better Digital Customer Experiences
June 12, 2024  |  Digital Banking

Digital banking architecture is having a moment. Financial technology companies and consumer-facing neobanks are using it to create new features, applications and customer experiences. Regulators...

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BNY Mellon Rebrands as BNY
BNY Mellon Rebrands as BNY
June 11, 2024  |  Banking

Say goodbye to BNY Mellon and hello to BNY. The bank — America’s oldest — is updating its logo and taking BNY as its new name, it announced...

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