Digital-Only Banks

Japanese Internet Giant GMO’s Web Bank Will Use Blockchain for Payments

Multi-billion-dollar Japanese tech conglomerate GMO has launched a new internet banking business that will use blockchain technology for faster and cheaper payments and financial services.

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Citizens Launches Digital-only Bank

Citizens Financial Group has become the latest traditional lender to launch a standalone digital bank. Citizens Access offers FDIC-insured online savings and certificate of deposit (CD) accounts to people across the US, expanding Citizens’ reach beyond the 11 states it serves through 1150 branches and 3300 ATMs.

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Chase’s Finn Is a Threat to Banks and Credit Unions

After a nine-month test in the St. Louis market, JPMorgan Chase recently took its first step to a national launch of its digital-only bank Finn with a rollout to iOS users.

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Chase All-mobile Bank, Finn, Rolls Out Nationwide in Search of Millennials

Forget the teller. Bypass the local branch. Chase is rolling out its all-mobile bank, Finn, nationally in an effort to woo millennials who are comfortable running their financial lives online.

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