Post Tagged with: "online banking"

Wells Fargo: More Mobile Users, Fewer Credit Cards

Wells Fargo: More Mobile Users, Fewer Credit Cards

by February 17, 2017 at 12:29 pm 0 comments

Wells Fargo’s mobile user numbers are higher than ever—but that’s not thanks to new activity by consumers. According to the retail banking numbers the banks released today for the month of January, its customers aren’t opening as many accounts—are, in fact, closing more of them—and aren’t applying for as manyRead More

Consumers Use Mobile Banking, Just Not for Money Transfers

Consumers Use Mobile Banking, Just Not for Money Transfers

by February 16, 2017 at 10:30 am 0 comments

Despite all the digital efforts from financial institutions, consumers still don’t make use of their in-app money transfer functions. According to the February Monkey Insights report released by Malauzai Software, 100% of active users on mobile check their balance, but only about 16% of them transfer money. Is that reallyRead More

Santander U.K. Adds P2P Voice Payments to Its App

Santander U.K. Adds P2P Voice Payments to Its App

by February 13, 2017 at 11:50 am 1 comment

Tired of having to transfer money using an infinite number of smartphone taps? Banks are starting to fix that. Santander is continuing its dive into voice-based features, by rolling out voice payments capabilities to its app, the bank said this morning. The feature is currently available on the bank’s SmartBank appRead More

Bank Branches of the Future Are Already Here, BofA Says

Bank Branches of the Future Are Already Here, BofA Says

by February 8, 2017 at 11:56 am 1 comment

The future of the bank branch has arrived, and it all starts in Minneapolis (and Denver). Dean Athanasia, co-head of the consumer banking unit for Bank of America, said during an investor conference on Tuesday: We’ve got completely virtual branches with people and completely automated branches, we’re testing, we’ve gotRead More

Kuhlmann to Head Up Banking as SoFi Transitions to ‘Neobank’

Kuhlmann to Head Up Banking as SoFi Transitions to ‘Neobank’

by February 2, 2017 at 3:50 pm 1 comment

The CEO of mobile-only banking company Zenbanx will be staying on during the company’s merge with SoFi, where he will eventually take charge of the new products offered. “I’m going to be staying on, heading up the banking products—I’m sort of staying in my existing role,” said Arkadi Kuhlmann, CEORead More

Wells Fargo Head of Digital Experience Marie Floyd to Speak at Bank Innovation ’17

Wells Fargo Head of Digital Experience Marie Floyd to Speak at Bank Innovation ’17

by January 31, 2017 at 2:16 pm 1 comment

Marie Floyd, Senior Vice President and Head of Digital Consumer Experience at Wells Fargo, is set to speak at Bank Innovation 2017. Floyd is responsible for customer insight and digital applications at the San Francisco-based bank, an area that includes the company’s web applications as well as the content andRead More

Millennials Are Ready for the Bank of Amazon

Millennials Are Ready for the Bank of Amazon

by January 20, 2017 at 1:47 pm 1 comment

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

The Future of the Bank Branch [INFOGRAPHIC]

The Future of the Bank Branch [INFOGRAPHIC]

by December 26, 2016 at 10:01 am 2 comments

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

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