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People are ditching in-person financial services for apps

Le Sep 20, 2020
@swissbusiness a partagé
People are ditching in-person financial services for apps https://t.co/RNP7mCMfIF
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The pandemic has changed how people are managing their money — they're using technology more than ever. That's good news for "fintech" firms that make digital financial services and banks investing in new technology capabilities.

edition.cnn.com
Le Sep 20, 2020
@swissbusiness a partagé
People are ditching in-person financial services for apps https://t.co/RNP7mCMfIF
Open

People are ditching in-person financial services for apps

People are ditching in-person financial services for apps

The pandemic has changed how people are managing their money — they're using technology more than ever. That's good news for "fintech" firms that make digital financial services and banks ...

German fintech Raisin acquires Choice Financial as it prepares for US launch

German fintech Raisin acquires Choice Financial as it prepares for US launch

German savings and investment platform Raisin has acquired Madrid-based Choice Financial Solutions in an effort to integrate with U.S.-based financial providers

Bank of America bets digital transformation can offset rising expenses elsewhere

Bank of America bets digital transformation can offset rising expenses elsewhere

The bank said that it ended its first quarter with 27.1 million active mobile banking users, up 9 percent from a year ago, and digital sales were 27 percent of all consumer banking revenue.

The Race for Digital Asset Supremacy

The Race for Digital Asset Supremacy

The financial services industry is in the midst of a generational transition.  Where once cryptocurrencies and digital assets represented a

Why BofA, not Fintechs or Amazon, Should Keep Bankers Awake at Night

Why BofA, not Fintechs or Amazon, Should Keep Bankers Awake at Night

Senior executives reveal eye-opening digital growth statistics as the megabank unveils new mobile banking features and branch and ATM plans.

What's the Endgame for FinTech?

What's the Endgame for FinTech?

Amidst all the excitement and sometimes overinflation of financial technology startups’ disruptive potential, entrepreneurs often can't zoom out a bit out and see a bigger picture. ...

A Wall Street Bank’s Hard-Driving Culture Pushes Traders Into the Office

A Wall Street Bank’s Hard-Driving Culture Pushes Traders Into the Office

Some employees at Bank of America’s New York headquarters say they fear pay cuts or job loss if they don’t show up and make money.

Non-banks: looking like banks, acting like banks, regulated like banks

Non-banks: looking like banks, acting like banks, regulated like banks

As challenger banks promise to be better than the banks, can they avoid becoming banks themselves?

Bank of America Is Top U.S. Issuer of Visa® and Mastercard® Commercial Solutions

Bank of America Is Top U.S. Issuer of Visa® and Mastercard® Commercial Solutions

Bank of America has retained its ranking as a top issuer of Visa and Mastercard commercial credit and prepaid solutions in the U.S. The 2018 rankings were published by The Nilson Report…

BofA To Roll Out Digital Tool Aimed At Landing Customers For Life

BofA To Roll Out Digital Tool Aimed At Landing Customers For Life

Bank of America is rolling out a digital tool in the fall aimed at helping customers meet all their financial goals.

South Africa’s richest startup programme is looking for fintech entrepreneurs

South Africa’s richest startup programme is looking for fintech entrepreneurs

AlphaCode, an incubation, acceleration and investment vehicle for early-stage financial services businesses powered by Rand Merchant Investment Holdings (RMI) is looking for businesses or ...

The Finanser’s Week: 3rd February 2020 – 9th February 2020

The Finanser’s Week: 3rd February 2020 – 9th February 2020

The main blog headlines are … RegTech versus TechReg I often talk about how banks have five times more regulation than technology firms. That stat comes from Bank of America Merrill Lynch ...

Older crowd embraces online banking, rewards firms' digital push

Older crowd embraces online banking, rewards firms' digital push

It took a global pandemic to get many baby boomers to bank online. Lenders have taken notice.

How Merrill Lynch Is Planning for Its Customers to Live to 100

How Merrill Lynch Is Planning for Its Customers to Live to 100

It’s a shift that many companies will need to make in the coming years.