Digital banking

Challenger banks insist they’re equal to the task of lending

09/18/19

MoneyLion and Varo say familiarity with existing customers — whom they already offer savings, investment and personal finance products — will help them make smart credit decisions.

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Banks have upper hand in tech but no room to be complacent

09/15/19

The largest financial institutions have a golden opportunity to capture more market share because of the under-40 crowd’s decided preference for digital banking, J.D. Power says. Yet so do nonbanks.

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Why BOK Financial gave its robo adviser human backup

09/11/19

In addition to launching an automated investing app, the bank created a dedicated adviser unit to provide personal service to customers when they need it.

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Patriot Financial leads $15 million round for Numerated

09/10/19

Numerated, vendor of loan prospecting, marketing and underwriting software that was developed within Eastern Bank, now has $32 million.

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Why this community bank was one of the first to trust voice banking

09/10/19

Bank Independent in Alabama was among the first to let customers bank through Amazon Alexa. Its digital chief, Kelly Burdette, shares how and why.

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Challenger banks apply pressure with fee cuts

09/08/19

Charging customers $40 for a $10 overdraft “makes no mathematical sense,” Chime CEO Chris Britt says in a critique of traditional banks.

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Fintech aims to resolve bank infighting over robo assets

09/04/19

Despite the growth of digital advice, there's resistance to the business inside banks because of internal politics and a lack of data sharing, the company's CEO says.

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Payday loans for employees; Deutsche Bank CEO pledges big stock buy

09/03/19

A growing number of companies, led by Walmart, are offering payroll advance loans to their workers; Christian Sewing said he will invest 15% of his net earnings in the German bank’s struggling shares.

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Temenos will buy digital banking software vendor Kony

08/30/19

The core-banking provider Temenos, based in Geneva, was drawn to Kony's strong U.S. presence, its software for banks and a special app it owns.

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Digital IDs: The next financial services frontier?

08/28/19

The idea of a common digital identity for consumers has become more compelling amid the digitalization of the world's economy. Many bank and credit union executives consider it a natural fit, one the industry should be prepared to lead on.

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