digital banking

Digital Giant Ally Bank Smacks Branch-Loving Rivals With New Ads

Playing 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.

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25 Digital-Only Banks to Watch

Check 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.

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Goldman Shifts Marcus Digital Bank to Its Wealth Unit

Goldman 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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Barclays Rivals Goldman’s Marcus With Digital Bank

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.

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Wells Fargo Joins the Digital Bank Bandwagon

Wells Fargo announced the launch of Greenhouse, a digital-only bank app, joining Chase and Citibank who have launched or announced their own digital bank offerings.

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Are Challenger Banks Challenging?

I 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.

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Balancing Millennial Branch Preferences and Digital Banking Expectations

Knowing 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.

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Digital Banking Transformation: Where Should You Start?

Many 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.

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Mobile Bank N26 Launches in the UK and Plans US Expansion by Early 2019

German app-only bank N26 has launched in the U.K. and is eyeing another expansion to the U.S. in the first quarter of 2019. The Berlin-based firm, which is backed by Chinese tech giant Tencent, German insurer Allianz and PayPal co-founder Peter Thiel, said on Thursday that its services are now available in Britain, on a […]

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From Hackathons to Sprints: KeyCorp’s Plan to Digitize Everything

Amy 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 […]

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Barclays Launches European Digital Corporate Banking Platform

Barclays 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.

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App-Only Banks Rise in Europe and Aim at Traditional Lenders

Tom 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.

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