digital banking

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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One Unintended Consequence of Lehman Collapse: The Birth of a New Kind of Bank

The 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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We Need to Launch a Digital Bank? OK, Here’s $3 Billion!

I recently blogged about JP Morgan Chase spending 10 billion a year on technology of which 3 billion goes into new projects. There were then several other announcements that caught my attention about Citibank and Bank of America investing similar amounts in digital.

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HSBC Plans Digital Bank to Counter Online Rivals

HSBC is close to launching a new digital bank known internally as “Project Iceberg” in a move to sink new competition from online upstarts. Europe’s largest lender has recruited more than 100 people to the secret project, based in offices in the Aldwych area of central London.

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Starling to Help RBS Develop Digital Bank

Royal Bank of Scotland (RBS) has reportedly enlisted the help of challenger bank Starling in its efforts to develop a digital bank of its own.

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