Citigroup Attributes Q1 Deposit Growth to Its Digital Channels
Citigroup‘s digital channels are crucial to growing its new-to-bank customer deposits, according to CFO Mark Mason, who reported single-digit YOY ...
Tag: Bank of America
Nexi Raises $2.3 Billion in Europe’s Largest IPO in 2019
The initial public offering of payment-service company Nexi SpA raised 2.01 billion euros ($2.3 billion), making it the biggest listing ...
Movers and Shakers: Notable March Hires in Fintech and Banking
Goldman Sachs recently announced plans to hire more women and people of color. The bank wants to increase its representation ...
BofA’s Erica Surpasses 6 Million Users, Aims to be ‘More Proactive’
Bank of America‘s virtual assistant Erica has crossed 6 million users, representing growth of over 29% in the past three ...
Capital One Trains Virtual Assistant Eno To Be Proactive with New Tax Feature
Most virtual assistants are reactive, but Capital One is training its virtual assistant, Eno, to be proactive, according to Ken ...
Wells Fargo’s Other Post-Scandal Problem: Less-Productive Staff
Wells Fargo & Co.’s leaders have repeatedly assured the public its aggressive sales culture is gone after quotas led workers ...
Fears of a Fintech Slowdown? How to Pivot Your Brand for a New Era
For most of the past decade, the fintech sector seemed to have nothing but blue skies ahead. But over the ...
Fintech Partnerships Excel in Improving Customer Experience for FIs, BI Poll Finds
Fintech partnerships provide the greatest value in creating a better customer experience, according to 30% Bank Innovation‘s February poll takers. Of ...
Low Checking Account Rates Give Neobanks a Competitive Edge
Digital-only banks have lower operational costs than traditional banks, which have both digital and physical branches. These traditional banks often ...
Most FIs Don’t See Significant Value from AI, Report Says
AI is all the buzz in financial services right now, but only a little over one in 10 FIs around ...
