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

85% Of Gen Z Prefers Digital Payments to Cash
85% Of Gen Z Prefers Digital Payments to Cash
September 13, 2024  |  Digital Payments

The financial sector is at a pivotal moment, driven by a shift in consumer preferences and technological advancements. A PYMNTS Intelligence report “Tapping Into the...

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Wells Fargo Pledges to Fix AML Program After OCC Agreement
Wells Fargo Pledges to Fix AML Program After OCC Agreement
September 12, 2024  |  Bank Regulation

Trouble with federal regulators continues for Wells Fargo. The Office of the Comptroller of the Currency (OCC) said Thursday (Sept. 12) that it has signed...

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Neobank Bunq Aims to Expand Headcount by 72%
Neobank Bunq Aims to Expand Headcount by 72%
September 12, 2024  |  Digital Banking

Dutch neobank Bunq is reportedly launching a hiring spree as it aims to expand. The company’s chief executive told CNBC in a report posted Thursday (Sept. 13)...

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Revolut Sees Jump in Scam Complaints as APP Fraud Grows
Revolut Sees Jump in Scam Complaints as APP Fraud Grows
September 11, 2024  |  Security & Fraud

Revolut enjoys the distinction of being the most valuable FinTech in Europe. But as a report Wednesday (Sept. 11) by Bloomberg News points out, the company has...

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Banking-as-a-Service Focus Turns to Managing Financial Crime Risks
Banking-as-a-Service Focus Turns to Managing Financial Crime Risks
September 11, 2024  |  Security & Fraud

If you’re tracking year-to-date news stories, Banking-as-a-Service (BaaS) has been in the hot seat. The situation surrounding the Synapse bankruptcy and the limited ripple effect...

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NCR Voyix: Fraud Is ‘Massive And Ever-Present’ Concern
NCR Voyix: Fraud Is ‘Massive And Ever-Present’ Concern
September 10, 2024  |  Opinion

While regulatory changes can present challenges, they can also create opportunities, NCR Voyix Chief Product Officer, Digital Banking Doug Brown writes in a new PYMNTS...

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Low-Code Solutions Gain Traction In Banking And Insurance Digital Transformation
Low-Code Solutions Gain Traction In Banking And Insurance Digital Transformation
September 09, 2024  |  Innovation

Digital transformation without a clear strategy is like setting sail without a destination. Most projects sink before they reach the shore. Seventy percent of digital...

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Nubank Defends Lending Practices as Late Payments Jump
Nubank Defends Lending Practices as Late Payments Jump
September 05, 2024  |  Loans

Lending practices at Brazil’s Nubank reportedly have Wall Street analysts uneasy. As Bloomberg News reported Thursday (Sept. 5), the lender — Latin America’s largest — is enjoying rapid growth,...

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PortX Launches FinTech Hub on AppMarket From Fiserv
PortX Launches FinTech Hub on AppMarket From Fiserv
September 04, 2024  |  Digital Banking

Financial infrastructure and integration technology company PortX is launching Fintech Hub on AppMarket from Fiserv. PortX, which offers integration-platform-as-a-service (IPaaS) to financial institutions, said in a...

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