Digital Banking

  • Samsung is working with banks to roll out retail pop-ups

    …: a bus promoting a certain bank that drives a number of customers to an NFL game; a university campus presence where banks look to attract customers as they become of banking age; a shopping center that normally just has ATMs where banks could roll up for a weekend service to attract these potential new customers. Samsung, the consumer electronics giant…

    Digiday- 25 readers -
  • More than a cash dispenser: How banks are rethinking the ATM

    … Arguably no banking technology in the last 50 years has been as disruptive as the ATM machine, celebrating its birthday Tuesday. Banking may look different on the surface, but its core functions look the same. Growth of mobile banking usage is slowing, mobile payments haven’t really taken off, and banks are re-investing in their branches…

    Digidayin How To's- 18 readers -
  • The retailpocalypse: Bank branches are closing in droves

    … There may be no physical institution as historically revered as a bank. Community centers and trusted destinations, the banks of our imaginations are cool and quiet spaces housed inside classical limestone buildings. Ceilings are high, floors are marble; words echo. Behind bronze-framed windows, tellers take money from trusting customers…

    Digiday- 14 readers -
  • What banks can learn from Amazon

    …,” like the Fire TV or the Kindle. “They don’t care if you buy them because they still sell the iPad and everything else.” It’s probably a little out there for banks. But more and more, changing customer expectations and an increasingly digital world are forcing banks to accept the idea of open banking platforms. But they should also bring that thinking to their actual business model. Read the full story on tearsheet.co The post What banks can learn from Amazon appeared first on Digiday. …

    Digiday- 17 readers -
  • Citi FinTech CEO Yolande Piazza: We’re not too big to change

    … Bankers like to say their organizations are actually technology companies with a banking license. At the end of the day, they’ve still got that large-bank feel, but Citi’s fintech unit is dedicated to making its workplace feel like a startup. Yolande Piazza has been at Citi for almost 20 years. Earlier this month, she was named chief executive…

    Digiday- 25 readers -
  • The state of bank innovation in 5 charts

    … innovation labs and digital hubs and creating C-suite roles dedicated to leadership in innovation. Smaller institutions have been thinking about a digital overhaul for just as long, but without the resources to invest in fintech initiatives or the massive customer base to test pilots, they’ve been slower to move. Below is a look in five charts…

    Digiday- 17 readers -
  • Why ‘challenger banks’ haven’t taken off in the U.S.

    … largely distrusting of startups when it comes to handing over all their deposits, and digital banks are waiting for that doubt to wear away, said banking and payments consultant Faisal Khan. Customers responded well to startups that give them convenience by connecting to their existing bank accounts, like Venmo for easy peer-to-peer payments or Moven…

    Digiday- 21 readers -
  • The Rise of Mobile Banking

    … the only young consumer looking to escape the in-person process for the ease of mobile banking. According to a January 2017 Salesforce study, 31 percent of millennials use mobile as their primary banking option, nearly double any other channel. Millennials aren’t the only generation choosing to automate their finances. Fifty-one percent of Gen X…

    The Content Strategist- 23 readers -