News Topic: Digital banking

A recent survey by the American Bankers Association found that mobile apps surpassed online banking as the go-to platform for consumers earlier this year, and its popularity has continued to rise since the onset of the pandemic. ... Read full article

The challenger bank will start by recommending how much users should allocate toward savings and spending, and will later transfer those amounts automatically. ... Read full article

Financial institutions like Ally Financial, Clinton Savings Bank and First National Bank of Omaha are recruiting personal finance experts, college students and local personalities to promote their products and services. ... Read full article

The fintech startup, which originally helped users cancel duplicate subscriptions, now wants to encourage healthier financial practices. ... Read full article

Scammers may have had more success at duping fintechs than banks in obtaining Paycheck Protection Program loans. But there are reasons for this apparent disparity. ... Read full article

Dean, who joined Capital One in 2014, succeeds Kleber Santos, who left the bank earlier this month to lead diversity initiatives at Wells Fargo. ... Read full article

Though most bank customers expect to return to calling or meeting in person with their bankers when the pandemic is over, Citigroup is gauging how much business it can keep in the videoconferencing channel. ... Read full article

Founder and CEO Neel Ganu has crafted a mobile app through which millennials can invest and spend using the same account. ... Read full article

Some customer fraud and a lack of cooperation from partners Huntington Bank and Dwolla prevented Beam Financial from returning funds to savers, says Aaron Du, the fintech's CEO. He says he’s trying to make things right, but Huntington and Dwolla are ... Read full article

The two banks are among those deploying advanced analytics to give customers advice before they may even know they need it. ... Read full article

Customers say the Beam savings app is down and the company isn't returning their money. The situation is putting third parties like Huntington and Dwolla in the firing line, though they say they're not at fault. ... Read full article

The digital bank is on a larger mission to attract younger customers. It's inserting itself into the popular video game in the hope that game players will learn about its products and have fun at the same time. ... Read full article

The challenger bank now offers small businesses checking, lending and payments services on one platform and can link them through Plaid to external bank accounts. ... Read full article

Renaud Laplanche's fintech will give borrowers cash back when they lower their loan balances. ... Read full article

Donald Felix will join the Rhode Island company in January as head of national banking. He recently was responsible for developing a personal finance management strategy for JPMorgan Chase’s consumer bank. ... Read full article

Both developments are part of the company’s strategy of becoming a full-service bank for its young, affluent customer base. ... Read full article

The global bank has rolled out cash-flow forecasting tools as financial institutions race to meet urgent demands from commercial customers trying to navigate uncertain times. ... Read full article

Spence’s promotion to president could signal that the Cincinnati banking company is grooming him as a potential successor to Chairman and CEO Greg Carmichael. ... Read full article