Post Tagged with: "online 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 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 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

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

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

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

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

Bank of America Reports Strong Mobile Growth, Especially Deposits

Bank of America Reports Strong Mobile Growth, Especially Deposits

by October 17, 2016 at 12:41 pm 1 comment

As previously reported on Bank Innovation, mobile banking is the top area of innovation banks in which are spending money—and it appears to be working, with Chase and Wells Fargo both reporting accelerated growth in mobile users last week, and with Bank of America also reporting strong growth today on theRead More

Mobile Banking Dominates Banks’ Innovation Spending in 2016

Mobile Banking Dominates Banks’ Innovation Spending in 2016

by October 17, 2016 at 9:33 am 0 comments

Mobile banking is the most valuable area of innovation when it comes to consumers, say banks and credit unions—which is probably why that’s the area these institutions are spending the most money on trying to innovate. This is according to Bank Innovation’s annual State of Banking Innovation survey for 2016,Read More