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)

From Checking to Savings to Lending, Platforms Pave Digital Path to Financial Wellness
From Checking to Savings to Lending, Platforms Pave Digital Path to Financial Wellness
May 20, 2024  |  Personal Finance

Over the last several months, PYMNTS Intelligence data has revealed in separate reports that tens of millions of consumers would opt for a single point...

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Self-Serve and Digital-First Channels Can Populate ‘Banking Deserts’
Self-Serve and Digital-First Channels Can Populate ‘Banking Deserts’
May 17, 2024  |  Financial Inclusion

Banks have been fine-tuning their branch efforts as the pandemic recedes, shuttering locations in some markets and building new outposts in others. The Federal Reserve...

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Grab’s Path to Profitability Paved by Operating Leverage and AI
Grab’s Path to Profitability Paved by Operating Leverage and AI
May 16, 2024  |  Earnings

In a dynamic operating environment, the path to profitability requires focus and discipline. It also frequently requires cutting costs and finding new efficiencies by using technology. Singaporean...

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Basel Committee Warns Against Banking Digitalization Risks
Basel Committee Warns Against Banking Digitalization Risks
May 16, 2024  |  Banking

A global financial watchdog is warning against the risks of digitalization in the financial world. The Bank for International Settlements’ Basel Committee on Banking Supervision issued a report Thursday (May...

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Lydia Launches European Banking Super App Called Sumeria
Lydia Launches European Banking Super App Called Sumeria
May 15, 2024  |  Digital-First Banking

French payments app Lydia has launched a European banking super app called Sumeria. The company will invest more than €100 million and hire 400 people in...

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TransNetwork Acquires Inswitch to Facilitate Cross-Border Payments in Latin America
TransNetwork Acquires Inswitch to Facilitate Cross-Border Payments in Latin America
May 15, 2024  |  Acquisitions

TransNetwork has acquired Inswitch to accelerate the development of its digital product suite for cross-border payments in Latin America. The acquisition will add Inswitch’s regional expertise and its...

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Chime to Add Earned Wage Access Offering to Banking App
Chime to Add Earned Wage Access Offering to Banking App
May 15, 2024  |  Digital Banking

Chime will soon add an earned wage access offering called MyPay to its banking app. The FinTech company has opened a waitlist for MyPay and...

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NCR Voyix Sees Growth in Digital Banking and Self-Checkout
NCR Voyix Sees Growth in Digital Banking and Self-Checkout
May 09, 2024  |  Earnings

NCR Voyix’s first-quarter earnings results took note of strength in customer conversions to its commerce platform and growth in digital banking and the adoption of self-checkout technology to help streamline customer...

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Nubank Marks 100 Million-Plus Digital Banking Customers
Nubank Marks 100 Million-Plus Digital Banking Customers
May 08, 2024  |  Digital Banking

Brazilian digital bank Nubank now has more than 100 million customers. The company announced the achievement in a Wednesday (May 8) press release, saying it was the...

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