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Nearly 150 million U.S. adults are expected to be banking on their mobile devices by 2018, and lenders can roll out the red carpet with user-friendly apps and modernized branches.
March 25 -
You might expect Manolo Sanchez, the CEO of BBVA Compass, to renounce traditional branches since his bank is spending $117 million on the online-only startup Simple. But he joined other senior bank executives in defending the branch as "still relevant."
March 14 -
Rockville Bank in Rockville, Conn., has hired veteran online banking executive Donna Patel to the newly created position of senior vice president of virtual banking.
December 10
U.S. Bank in Minneapolis has named Gareth Gaston to the newly created position of executive vice president of virtual banking.
Gaston will lead the company's mobile, Internet, ATM and phone banking channels in his new role, according to a Wednesday press release. He joins the $364 billion-asset bank, a unit of U.S. Bancorp (USB), from the Wyndham Hotel Group, where he served as senior vice president for global e-commerce.
U.S. Bank created the position in order align its alternative banking services under a single group and "better serve customers who are moving their banking into the 'virtual' space," Kent Stone, vice chairman for consumer banking and sales support, said in the release.
Gaston "brings fresh perspective, having worked outside the financial sector," Stone said, citing Gaston's 18 years of experience in e-commerce and digital marketing. Gaston has primarily worked in the travel and hotel industry, according to the release.
