Post Tagged with: "Mobile banking"

Millennials Are Ready for the Bank of Amazon

Millennials Are Ready for the Bank of Amazon

by January 20, 2017 at 1:47 pm 0 comments

Amazon wins, once again, at a game it didn’t even know it was playing. According to a Jan. 11 survey from Accenture, millennial participants would consider parking their money with nontraditional institutions, and they picked winners. Attractive alt-banking contestants included Apple and Facebook, but it was Google, and of course, Amazon,Read More

Trust, Not Tech, Is Fintech’s Advantage Vs. the Banks

Trust, Not Tech, Is Fintech’s Advantage Vs. the Banks

by January 18, 2017 at 3:23 pm 1 comment

When it comes to banks, only 26% of Americans strongly agreed with the statement that banks had their best interests in mind, according to a recent report conducted by Salesforce—and, unfortunately, the survey respondents do not seem to be distinguishing between banking and fintech. According to the report, fewer thanRead More

Trend Watch: Personalization for Mobile Banking Success [SPONSORED]

Trend Watch: Personalization for Mobile Banking Success [SPONSORED]

by January 12, 2017 at 2:10 pm 1 comment

Customers have recently stepped into the era of personalized services with apps built around their specific wants and needs. After Amazon, Netflix and Google pioneered customization of their offerings based on visitors’ past transaction history, consumers have grown to expect the same tailored experience from all other providers. Banks alsoRead More

Regulation, Data Management Top Industry Concerns

Regulation, Data Management Top Industry Concerns

by January 6, 2017 at 12:54 pm 1 comment

Professionals in the financial services industry are focusing their energy on regulation and data management, according to a survey from consulting firm and technology services provider Synechron. Financial regulation remains the top concern for the new year among those in the financial industry, with 38% of the firms surveyed markingRead More

Clarity Money Has 10,000 Customers Two Days After Launch

Clarity Money Has 10,000 Customers Two Days After Launch

by January 6, 2017 at 10:25 am 1 comment

Two days, 10,000 customers, and a steady trickle of five-star reviews later, and the launch of mobile finance management app Clarity Money appears to have had a good start toward its goal of giving consumers with more power over their financials. “There’s nothing like it on the market, and that’sRead More

The Future of the Bank Branch [INFOGRAPHIC]

The Future of the Bank Branch [INFOGRAPHIC]

by December 26, 2016 at 10:01 am 1 comment

The future of banking most probably involves a completely re-vamped branch structure–but what will the bank branch of the future look like? Bank Innovation conducted a survey to find out, partnered with Worldwide Business Research, which explored the topic at its Future Branches event in La Jolla, California. The executives enjoying theRead More

BofA Launches Budgeting Tool, Updates App

BofA Launches Budgeting Tool, Updates App

by December 13, 2016 at 9:35 am 0 comments

Saving is trendy. Consequently, it’s becoming increasingly hard to keep track of all the budgeting and money management startups out there. And FIs are catching on to the trend as well. Bank of America unveiled a money management and financial education tool for mobile and online banking users this morning.Read More

BankMobile Partners with Vasco for Safer Mobile Transactions

BankMobile Partners with Vasco for Safer Mobile Transactions

by December 9, 2016 at 12:01 pm 1 comment

BankMobile, a mobile-first U.S. bank, has partnered with digital identity security firm Vasco Data Security for more secure mobile transactions through the use of multifactor authentication. BankMobile customers will route their transactions through Vasco’s Digipass for Apps solution as well as its RASP (Runtime Application Self-Protection) solution, both of which areRead More

60% of U.S. Bank Transactions Are Digital, COO Says

60% of U.S. Bank Transactions Are Digital, COO Says

by December 8, 2016 at 11:58 am 0 comments

U.S. Bank’s transactions are now 60% digital, Chief Operating Officer Andrew Cecere said at the Goldman Sachs U.S. Financial Services Conference this week. But that doesn’t mean the Minneapolis-based bank is giving up on branches. It has around 3,000 branches and 80% of its sales activity still takes place thereRead More

People Will Walk a Mile for Good Advice, BofA CEO Says

People Will Walk a Mile for Good Advice, BofA CEO Says

by December 6, 2016 at 11:53 am 1 comment

With all the gadgets, instant payments and mobile functionality, going to a branch sounds so 2012, right? Yes, unless you are going for something more than just depositing a check. “People will go a mile for a good advice,” Brian Moynihan, chairman and CEO of Bank of America said at theRead More