Banks are seeing a surge in customers enrolling in digital banking initiatives, often from baby boomers who have been historically...
Since the onset of the pandemic banking customers have been forced to use digital tools more than ever before; new...
Digital banking has been a big positive for the financial services industry, though it has opened companies to greater cyber...
Digital banking has been ramping up in recent years with digital only challengers and traditional banks building tools so customers...
Sen. Sherrod Brown, D-Ohio, is pushing for legislation which would require banks to offer free digital accounts to consumers that...
Chime, a 5-year-old digital banking startup, has passed 1 million customers and $4.5 billion in transaction volume. The San Francisco company markets itself...
Mission based digital banking startup Varo Money secured their second significant round of the last two years by raising $45mn; investors in the round include The Rise Fund, led by U2 ‘s lead singer Bono, and Warburg Pincus who also helped to lead their first round; Varo applied for a national bank charter in July and plans to use the money for hiring, product development and marketing. Source.
According to a new report by Juniper Research the number of digital banking users could surpass 3.6 billion by 2024;...
According to a new survey by Cornerstone Advisors 6 percent of U.S. adults with a checking account consider a digital...
Digital only banks have certainly attracted the attention of incumbents as they look to keep up with customer experience innovation; in the past year banks like Chase, RBS and others have started creating their own digital only brands; the digital only banks have been able to more easily create online marketplaces for products, better options for traveling and mobile workers and they have made the customers a part building the experience; this more nimble, quicker way of building has put pressure on big banks to keep up as many sizable banks have many layers of compliance and process to build. Source.