Digital banking
Digital banking
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Financial institutions need to ask more direct questions about when — if ever — their existing customers like to use mobile banking and when they want human help.
August 29 -
Digital banks dispute the notion that they can skimp on customer service because millennials are only shopping for low fees and high savings rates.
August 28 -
The decision to adopt the name Axos Bank seems to put more distance between the company and its internet roots.
August 27 -
Banks should update their online and mobile applications — bigger font sizes, perhaps — to ensure their offerings are accessible to older customers.
August 22 -
Thieves stole more than $13 million from an Indian bank just days after an FBI warning; Fed’s special oversight restrictions from 2015 lifted.
August 17 -
It bothered Jeannie Tarkenton, founder of Funding University, that too many kids from lower-income families didn't graduate because they lacked just a few thousand dollars and couldn't get a loan.
August 13 -
Private equity firms are making loans to midsize businesses and online banks are winning deposits by paying 2% interest; Goldman hires a veteran M&A banker.
August 13 -
Merger announcements typically follow a tried-and-true formula of cutting costs to boost profit. WSFS, however, plans to reinvest $32 million in new tech initiatives after buying Beneficial.
August 10 -
Customers Bancorp said Flagship Community Bank has temporarily withdrawn its application with the FDIC to acquire the digital bank.
August 10 -
Interactive teller machines and other solutions are helping credit unions improve service for members whose primary language is not English.
August 9 -
Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally.
August 9 -
The Massachusetts-based CU says membership growth has accelerated to 7.4 percent.
August 9 -
The online lender’s president, Steve Allocca, shares how the company weathered scandal and hints at future plans to grow its product set.
August 9 -
While most acquirers are content to let cost savings trickle down to the bottom line, WSFS will use the purchase of Beneficial to reinvent itself.
August 8 -
The Delaware company plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels.
August 8 -
The online small-business lender was aided by loan growth, wider margins and stable credit trends. Its shares surged by 25% after second-quarter earnings were announced.
August 7 -
Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally.
August 6 -
BofI has agreed to buy $3 billion of deposits from Nationwide Bank as part of the insurance giant's exit from retail banking. The deal comes three years after BofI bought H&R Block Bank's deposits.
August 3 -
Tory Nixon, who became Umpqua's chief banking officer this spring, is trying to drive more customers to use mobile banking (only 15% do so now industrywide) without alienating them in the process.
August 3 -
Chief Design Officer Meriah Garrett provides a look at the bank's efforts to make mobile app and website design more user-friendly.
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