mobile banking

Mobile banking is the act of making financial transactions on a mobile device (cell phone, tablet, etc.).

Bank of America Reports Digital Banking Alerts, Logins Rise 11%
Bank of America Reports Digital Banking Alerts, Logins Rise 11%
February 12, 2024  |  Digital-First Banking

Bank of America clients had a record 23.4 billion digital interactions with the bank in 2023. Those interactions include logging into their accounts 12.8 billion times...

READ MORE >
H&R Block Mobile Banking Platform Sees Deposits Nearly Quadruple YoY
H&R Block Mobile Banking Platform Sees Deposits Nearly Quadruple YoY
February 06, 2024  |  Earnings

H&R Block’s mobile banking platform has nearly quadrupled its customer deposits over the past year. Since its launch in January 2022, in cumulative results as...

READ MORE >
5G Promises Connected Consumers More Personalized, Efficient Banking Experiences
5G Promises Connected Consumers More Personalized, Efficient Banking Experiences
February 06, 2024  |  Technology

With the launch of Apple Vision Pro in the United States, the spotlight has again turned to its enabling technology: 5G. This resurgence is not...

READ MORE >
Lloyds Slashes Jobs as Banking Customers Shift to Digital
Lloyds Slashes Jobs as Banking Customers Shift to Digital
January 25, 2024  |  Banking

Lloyds Bank is reportedly eliminating 1,600 jobs amid an increased focus on digital banking. The British lender also plans to create 830 new jobs for its “relationship growth” team...

READ MORE >
Truist Ups Digital Focus as Mobile Transactions Climb
Truist Ups Digital Focus as Mobile Transactions Climb
January 18, 2024  |  Earnings

Truist Financial continues to see digital engagement among its customers climb. The North Carolina-based bank reported earnings Thursday (Jan. 18) showing the number of  mobile app users grew...

READ MORE >
Most Customers Switch Banks for Better Digital Experiences Despite AI Concerns
Most Customers Switch Banks for Better Digital Experiences Despite AI Concerns
January 17, 2024  |  Digital Banking

The increasing popularity of mobile banking apps, especially among younger generations, has driven the rise of digital banking.  In fact, the convenience and ease of...

READ MORE >
Big Bank Earnings Show Digital’s App-Driven Appeal to Consumers
Big Bank Earnings Show Digital’s App-Driven Appeal to Consumers
January 16, 2024  |  Digital Banking

As earnings season rolls on, key themes from banks are emerging. Consumers are continuing to engage with their banks via mobile means, and branches are...

READ MORE >
CE 100 Index: AI, Banks and BNPL Names Were Standouts During 2023’s 42% Rally 
CE 100 Index: AI, Banks and BNPL Names Were Standouts During 2023’s 42% Rally 
January 04, 2024  |  Connected Economy

The CE 100 Index soared in 2023, largely on the wings of widespread rallies among banking and buy now, pay later (BNPL) names, up double...

READ MORE >
TD Bank and Plaid Partner to Ease Access to Apps
TD Bank and Plaid Partner to Ease Access to Apps
December 14, 2023  |  Digital Banking

TD Bank Group and Plaid have partnered to eliminate the need for TD customers in Canada and the United States to share login credentials with...

READ MORE >