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

Federal Reserve Approves VersaBank Acquisition of Stearns Bank; OCC Up Next
Federal Reserve Approves VersaBank Acquisition of Stearns Bank; OCC Up Next
June 07, 2024  |  Acquisitions

VersaBank received one of two U.S. regulatory approvals it needs to proceed with its previously announced proposed acquisition of Stearns Bank Holdingford. The Federal Reserve...

READ MORE >
FinTech IPO Index Ticks Down as Earnings Season Wraps Up
FinTech IPO Index Ticks Down as Earnings Season Wraps Up
June 07, 2024  |  Fintech Investments

The first week of June brought scant movement for the FinTech IPO Index overall, as the group moved 0.6% lower, and earnings continued to trickle...

READ MORE >
TymeBank Aims to Raise $100 Million to Fund South Africa Expansion
TymeBank Aims to Raise $100 Million to Fund South Africa Expansion
June 06, 2024  |  Investments

TymeBank is reportedly trying to raise at least $100 million to expand in its home country. “In South Africa, we want to be the fastest-growing...

READ MORE >
Dave CEO: Cash Flow-Based Underwriting Critical to Helping Paycheck-to-Paycheck Consumer
Dave CEO: Cash Flow-Based Underwriting Critical to Helping Paycheck-to-Paycheck Consumer
June 05, 2024  |  Digital-First Banking

It’s been quite a year so far for FinTechs in general and neobanks in particular. However, Jason Wilk, CEO of digital banking app Dave, doesn’t...

READ MORE >
Lydia Turns to Marqeta to Power Sumeria Banking App
Lydia Turns to Marqeta to Power Sumeria Banking App
June 04, 2024  |  Partnerships

Card-issuing platform Marqeta has expanded its partnership with French payments firm Lydia. This extended collaboration, announced Tuesday (June 4), will see Marqeta power Lydia’s European...

READ MORE >
Monzo: UK Bank Watchdog Ends Money Laundering Probe
Monzo: UK Bank Watchdog Ends Money Laundering Probe
June 04, 2024  |  Bank Regulation

The U.K.’s financial watchdog has apparently dropped a probe into Monzo’s anti-money laundering system. That’s according to an item buried deep in the neobank’s annual report issued Monday (June...

READ MORE >
FinTech and Credit Union Innovation Agendas Meet at Gen Z
FinTech and Credit Union Innovation Agendas Meet at Gen Z
June 04, 2024  |  Credit Unions

A key objective among FinTechs is to innovate new products that extend their brand reputation and market reach. For example, FinTechs are expanding their mobile...

READ MORE >
NCR Voyix’s Tansill Walks the Walk on Digital ‘Everywhere’ Banking
NCR Voyix’s Tansill Walks the Walk on Digital ‘Everywhere’ Banking
June 04, 2024  |  Digital Banking

Many companies pay lip service to their “ecosystem” as they navigate the world of digital banking solution providers and FinTech partnerships. Five months into his...

READ MORE >
Live Oak Bank Launches First Embedded Banking Partnership
Live Oak Bank Launches First Embedded Banking Partnership
June 03, 2024  |  Digital-First Banking

Live Oak Bank has launched its first embedded banking partnership. Powered by the bank’s in-house technology and a Finxact core, this offering enables software companies...

READ MORE >