mobile banking

The Forgotten Generation: Driving Digital Adoption With Older Customers

Often when we think of digital banking, we picture millennials glued to their smartphones. But with all this focus on millennials, are banks forgetting about their most loyal customers – the 50+ generation? Theodora Lau, founder of Unconventional Ventures, says yes – but with an understandable reason.

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Consumers Have High Expectations of Their Digital Banking Apps

Consumers want banks to do more than just hold their money. They want their banks to help them meet their financial goals. In fact, a new consumer report by CSI shows that 83 of American consumers agree with that statement.

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Don’t Forget Baby Boomers in the Race to Go Digital

Digital transformation for banks has been all about targeting millennials, people born between 1981 to 1996, and the digital natives who are expected to drive the next generation of growth and profitability. In fact, organizations are spending 500 percent more on marketing to millennials than any other demographic group.

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Will Customers Still Use Branches if They See a Great Digital Alternative?

Ask four different industry experts how satisfied bank customers are with their delivery options and you’ll likely get four completely different answers. Recent examples:The J.D.

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Despite Digital Options, Consumers Stick With Their Own Bank … For Now

Mobile phones are increasingly being used to simplify all aspects of our life, yet ING research shows that when it comes to paying, the majority of consumers continue to prefer to use their own bank.  It comes as no surprise that consumers across the globe are increasingly using their mobile devices as a way to […]

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The Chasm Between Banks With Digital Leadership and Those Without

During Money2020Europe, Tink, the Swedish challenger bank, interviewed me on my opinions about all things finance and technology.

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The Mobile Banking Features Consumers Want (But Don’t Have)

According to the Federal Reserve’s 2016 consumer survey, 43 of mobile phone owners (with a bank account) were mobile banking users, practically double the percentage that the Fed found in its 2012 survey.

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PODCAST: 5 Ways Banks Can Break ‘Digital Gridlock’

In this podcast, John Best, author of “Breaking Digital Gridlock”, explains the obstacles banks hit when they try to innovate and how to overcome them.

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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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Why RBC, JPMorgan Are Backing a New Standard for Financial Apps

Key to the iPhone experience is synergy – the ability for apps to easily communicate with each other to save users time and money. For example, if a customer uses an iPhone app to book a hotel room in Dallas, and then visits United Airlines’ app, the airline will show flights to the city.

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BMO Harris to Emphasize Digital Revamp in U.S. Strategy Shift

Bank of Montreal is revamping its U.S. digital operation and targeting small businesses in the Midwest to boost growth at its BMO Harris Bank lender. The new U.S.

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Frictionless Payments and Top Mobile Banking Innovation

Banks are turning to digital technology to enhance the customer experience – and reduce payment friction – in an effort to boost top and bottom lines.

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