Barclays is ready to offer U.S. consumers a low-cost, digital-only bank that will directly compete with Goldman Sachs’s Marcus brand. Barry Rodrigues, CEO of cards and payments at Barclaycard International, told Financial Times that the new offering would leverage Barclays’ U.K. knowledge and expertise to create a checking account for its U.S.
Read MoreDigital bank volt announces PayPal partnership as competition between new banks heats up. Despite not having launched to the public yet, new digital startup bank volt is already changing the way Australians bank through a new partnership with PayPal.
Read MoreI keep seeing headlines about Amazon opening a bank, challenger banks pulling the crown off the incumbent banks heads, the end of old banks, the disruption of the system and the end of all traditional financial services.
Read MoreNew digital bank Up has officially launched in Australia today following a successful two-month beta trial with more than 1,500 customers. Up is a fully-digital, cloud-hosted bank run through an app offering multiple savings accounts, called Life Savers, with an interest rate of up to 2.75 p.a. and no fees.
Read MoreKnowing what’s really important to consumers is critical to acquisition, retention and cross-selling in the banking industry. But Millennial stereotypes frequently fool financial marketers, muddling their marketing strategies with faulty assumptions. Turns out they love branches just as much as Gen X and Baby Boomers.
Read MoreMany organizations are overwhelmed by the scope of change required to become a digital bank. Instead of being stuck in neutral, here are some ideas that can be implemented relatively easily, increasing revenue, decreasing costs and improving the customer experience.
Read MoreNew Zealand consumers love digital banking because of its speed and convenience, but they’re also worried about sharing too much personal data – something that New Zealand’s small businesses should take on board if they’re in the business of e-commerce.
Read MoreAmy Brady is out to digitize KeyCorp from front to back. I’m not sure we’ll ever achieve it, but if you have that goal out there, it causes you to create different solutions and not settle for the status quo, said the chief information officer of the 138 billion-asset company. My role is to challenge […]
Read MoreBarclays has rolled out a new digital platform in Western Europe as part of a wider move to boost its corporate banking operations in the region. The new platform is designed to bring the products and processes already enjoyed by Barclays’ UK corporate banking clients to those domiciled in Europe.
Read MoreTom Blomfield, a founder and the chief executive of Monzo, a banking start-up in Britain. The internet lets you run these traditional businesses at a fraction of the cost, he said.
Read MoreCustomers of the Australia and New Zealand Banking Group (ANZ) can now ditch their plastic bank cards, with a few thousand of ANZ ATMs now accepting cash withdrawal via smartphones and smartwatches. The cash withdrawal function can be accessed at 2,4000 of the bank’s ATMs through Apple Pay, Samsung Pay, Google Pay, Gamin Pay, and […]
Read MoreThe collapse of Lehman Brothers 10 years ago wasn’t just a reckoning for the financial system – it was an epiphany for coders and entrepreneurs who thought they could do better. Lehman’s shuttering not only stunned nervous bankers, investors and savers.
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