Post Tagged with: "digital banking"

ING Will Lay Off 12% of Staff in ‘Digital Transformation’

ING Will Lay Off 12% of Staff in ‘Digital Transformation’

by October 6, 2016 at 12:40 pm 0 comments

Fears of technology displacing human workers are often dismissed by futurists as technophobia or Ludditism, but a Monday “strategy update” from the Dutch bank ING may change the conversation. In the next five years, the bank expects to reduce its workforce by around 5,800 workers, mostly in Belgium and the Netherlands,Read More

Bank of the West Gets Serious About Digital Engagement

Bank of the West Gets Serious About Digital Engagement

by September 16, 2016 at 12:30 pm 1 comment

It’s become a truism that digital banking customers are your best customers, but Bank of the West and Fiserv have the data to back up that assumption — and to do something about it. Digital banking features cost money — your vendor may charge a per-user fee to institute the latestRead More

NICE-Actimize Introduces Cloud-based AML Compliance Tool

NICE-Actimize Introduces Cloud-based AML Compliance Tool

by April 18, 2016 at 12:27 pm 1 comment

‘Cloud’ used to be a scary word in banking — but as the services offered by Amazon, IBM and others grow more sophisticated, both bankers and regulators are learning to love the cloud. Banks have generally been reluctant to move important information from in-house environments to the cloud, but that couldRead More

Top 5 Fintech Capital Raises: The Fintech Punks

Top 5 Fintech Capital Raises: The Fintech Punks

by March 28, 2016 at 2:17 pm 2 comments

Feeling out of place? The five startups below may have the frontier know-how you need. Last week we looked at a group of fintech companies spanning the world with a suite of Series B rounds. This week the common denominator lies in the oddball assistance needed by entrepreneurs, businesses, and investorsRead More

carpe dies irae

3 Startups to Watch — Quantiacs, Cleo and ZigZig

by March 9, 2016 at 12:56 pm 0 comments

This week, we have a group of startups united in their mutual conviction that 20-and-younger-somethings need not leave their financial situation to the vicissitudes of an indifferent fate. Starting from the macro and moving to the micro, today’s list takes us on a journey beginning with the plight of the genius-quant,Read More

Q2 Buys Social Money for $10.6M as Fintech M&A Boils

Q2 Buys Social Money for $10.6M as Fintech M&A Boils

by December 3, 2015 at 12:28 pm 0 comments

Q2 is buying up Silicon Prairie. Q2 Holdings, the parent of bank software provider Q2, announced Tuesday it had acquired Des Moines, Iowa-based Social Money, best known for its SmartyPig savings product. In July, Q2 acquired Lincoln, Neb.-based Centrix, a maker of fraud detection technologies, for about $20 million. InRead More

Digital Customers at BBVA Hit 30% of Total

Digital Customers at BBVA Hit 30% of Total

by August 3, 2015 at 11:11 am 1 comment

BBVA is continuing its march to digitalization. The Spanish bank, among the world’s most aggressive in pursuing a digital strategy, now counts 30% — or 13.5 million — of its active customers as digital consumers, BBVA revealed Friday. Carlos Torres, chief operating officer and president, told investors that BBVA’s “exponentialRead More

Cap One CEO: Digital Is the Centerpiece of Our Agenda

Cap One CEO: Digital Is the Centerpiece of Our Agenda

by July 24, 2015 at 10:44 am 1 comment

It’s become a quarterly ritual: Capital One CEO Richard Fairbank eloquently speaking to the importance of digital banking. We’re not complaining — Fairbank is right, and other bankers should be listening. On yesterday’s earnings call for the McLean, Va.-based bank, Fairbank called digital “a centerpiece of that entire strategic agenda.”Read More

Share of Digital Sales at Bank of America Hits 60%

Share of Digital Sales at Bank of America Hits 60%

by July 16, 2015 at 11:42 am 2 comments

Bank of America might want to change its name to Digital Bank of America. The Charlotte, N.C., megabank is more digital bank than conventional financial institution today. That’s because 60% of the bank’s “sales” are “all digital now,” Brian T. Moynihan, Chairman and CEO of Bank of America, told investorsRead More

Capital One: Think More Like a Tech Company, Less Like a Bank

Capital One: Think More Like a Tech Company, Less Like a Bank

by April 24, 2015 at 10:47 am 3 comments

How will banks compete in a rapidly digitizing world? Capital One CEO Richard Fairbank knows. “We’re going to need to think more like technology companies and maybe a little less like banks,” he told investors on yesterday’s earnings call. His bank is notable for its high-profile acquisitions of not other banks,Read More