Mobile banking

Customers in the challenger bank's pilot program drew down an average of $200 each in advance of the government's $1,200 payments.

Limiting access to branches because of the pandemic has forced executives to re-examine whether they offer enough mobile and online services.

The U.K. company has recruited Bruce Wallace, formerly of Silicon Valley Bank, and Ronald Oliveira, who was with AvidBank, to lead its expansion here.

The app, set to roll out this month, will be offered to the 38 million Office 365 users and can connect via the data aggregator Plaid to all bank and card accounts.

Customers are more reliant than ever on digital banking tools, and institutions like OceanFirst, BBVA and M&T are thankful they had invested in teaching employees to show customers how to use them.

Former NetSpend CEO Dan Henry has been named as the CEO of Green Dot, the Pasadena, Calif.-based prepaid card issuer and banking company.

BankMobile became profitable thanks to its high-volume, low-cost acquisition of student customers. The new CEO's challenge will be holding on to them after they graduate.

The serial entrepreneur has created a challenger bank called One for middle-income people with complicated financial lives.

The U.S. challenger bank and the startup STC Pay aim to create a special blend of banking services for millions of tech-savvy, cash-averse consumers in Saudi Arabia.

The all-digital bank is hoping to win over consumers with above-average savings rates and more detailed analysis of their spending habits.