Post Tagged with: "Mobile banking"

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 0 comments

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

India’s Cash Crunch Means Opportunity for Mobile Wallets

India’s Cash Crunch Means Opportunity for Mobile Wallets

by December 1, 2016 at 11:03 am 0 comments

For those championing the death of cash, Prime Minister Narendra Modi’s decision to de-monetize the 500 and 1,000 rupee notes in India might seem like the perfect opportunity for online and mobile banking providers to jump right on in. The de-monetization of the 500 and 1,00 note rendered 86% ofRead More

Jack Henry Partners with Early Warning, Links to Zelle Network

Jack Henry Partners with Early Warning, Links to Zelle Network

by November 29, 2016 at 12:42 pm 0 comments

Financial technology solutions provider Jack Henry has announced a partnership with Early Warning, the company behind the Zelle network, The partnership has the potential to link about 3,000 new financial institutions to the faster payments network. The service formally known as clearXchange, which was officially rebranded as Zelle this year, isRead More

There Are Almost As Many Mobile Subscriptions As People

There Are Almost As Many Mobile Subscriptions As People

by November 22, 2016 at 10:21 am 0 comments

Nearly half the world’s population will be connected to the internet by the end of 2016, according to the annual Measuring the Information Society Report released today by the United Nation’s International Telecommunications Union (ITU). Much of this may be attributable to the rise of mobile penetration, with the ITURead More

We’re A Little Worried About this Android Banking Malware, and Here’s Why

We’re A Little Worried About this Android Banking Malware, and Here’s Why

by November 7, 2016 at 12:19 pm 2 comments

It’s a rough year to be an Android fan: a new banking Trojan has infected over 200,000 Android devices over the last month, by influencing or pushing users to enter their online or banking credentials into a screen overlaid onto the open app. The Android Trojan is targeting a collectionRead More

Meet Erica, Bank of America’s Chatbot for Digital Banking [VIDEO]

Meet Erica, Bank of America’s Chatbot for Digital Banking [VIDEO]

by October 26, 2016 at 9:55 am 1 comment

LAS VEGAS — Bank of America announced its new chatbot, erica, yesterday at Money20/20 here. Erica should roll out for BofA digital and mobile banking users “late next year,” according to a spokeswoman from the bank. At an event where chatbots were one of the main topics of interest for many ofRead More

Wells Fargo Says Mobile Customers Holding Steady

Wells Fargo Says Mobile Customers Holding Steady

by October 25, 2016 at 11:00 am 0 comments

A recent report by the survey software provider SurveyMonkey indicated that mobile downloads for the bank had dropped 7.7% since the cross-selling scandal broke, while the other megabanks saw increases. So, while Chase, BoA, and Citi saw growth within the expected range for their app downloads after the scandal, onlyRead More

ClearXchange Rebrands as Zelle, Announces Plans for New App

ClearXchange Rebrands as Zelle, Announces Plans for New App

by October 24, 2016 at 4:31 pm 1 comment

Yesterday the payments network formerly known as clearXchange, a product offered by Early Warning, officially re-branded itself as Zelle. The announcement was made by Early Warning’s president and CEO Paul Finch as he strode onto the Money20/20 stage wearing a polo with the brand–Zelle–proudly embroidered in white. The Zelle network willRead More

Digital Wallets Are on the Rise, But Consumers Still Don’t See the Value

Digital Wallets Are on the Rise, But Consumers Still Don’t See the Value

by October 21, 2016 at 12:08 pm 1 comment

Digital wallets are becoming more and more prevalent in the fintech world, but according to a recent survey of 9,600 by Market Force Information, they are not gaining much ground with the average consumer. “Consumers are actually questioning the value [of digital wallets],” said Cheryl Flink, chief strategy officer for Market Force.Read More

10 Ways Banking Will Be Different in 2020

10 Ways Banking Will Be Different in 2020

by October 19, 2016 at 10:36 am 4 comments

An obvious statement: The banking world is changing.  However, it does give rise to less obvious questions: Just how fast is it changing, and in what ways? For instance, what will the banking world look like in five years? Will there be chatbots in every smartphone and every app? WillRead More