By David Mitchell Digital, standalone bank brands are rapidly entering the U.S. marketplace following the success of Simple, launched by BBVA Compass in 2009. Since then, several large banks have followed, including JPMorgan Chase with Finn and Wells Fargo with Greenhouse-and with good reason.
Read MoreHaving rounded out its technology suite and begun beta app testing, Australian neo bank 86 400 has started a waiting list for prospective customers and opened up to talks with future investors.
Read MoreAustralian mobile banking startup Xinja is returning to the crowd in a bid to raise a further $5 million from private investors as it prepares to apply for a full banking licence.Xinja has so far raised $4.4 million (including an earlier $2.
Read MoreThe next generation of banks is getting ready to open their doors. A considerable number of Australians have never switched banks: 40%, according to a November 2018 study from F5 Networks.
Read MoreAt a time of rapid innovation, fierce competition and spiralling customer expectations, many banks are assessing how different technologies can contribute to their digital transformation strategies.There are no easy or short answers.
Read MoreA big advantage that neobanks have over the big four is that they are nimble and highly scalable technology companies focused on customer experience, according to the co-founder of Up.
Read MoreAs banks work to compete in an increasingly digital world, many are exploring new launching digital-only brands. Banks of all sizes, including industry heavyweights Chase, Citi and Wells Fargo, are in various stages of developing such parallel banks.
Read MoreSoon, going into a bank branch to speak to the manager about getting a loan will be as outdated as driving to Blockbuster to rent a VHS cassette.Banking in Australia will increasingly be digitised over the coming years, as neo-banking looks set to disrupt Australia’s financial industry.
Read MoreNatWest Bank is testing an app-based business banking platform aimed at small and medium-sized enterprises (SMEs), which combines banking with other business services. The app, known as Mettle, offers an SME current account as well as tools for invoicing, payment chasing and book-keeping.
Read MorePlaying off the fictional ‘National Online Bank Day,’ the branchless bank takes its fight to competitors, attacking their poor service and lousy rates while rolling out a new cashback rewards program. Did you miss National Online Bank Day on October 8th? Of course you did. That’s because your financial institution was closed for Columbus Day.
Read MoreCheck out this round up of digital banks from around the world and see how these pioneers are redefining the banking industry by connecting with a new generation of mobile-first consumers.
Read MoreGoldman Sachs Group is shifting a heavily touted business line into its wealth management unit as the bank eyes expansion through products that can be pitched to the division’s customers. The firm is handing oversight of the Marcus business – its retail-banking effort, which offers personal loans online – to its 1.
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