Digital Banking News
UK banks shutting down more than 1K accounts daily
August 1, 2023
Banks in the U.K. are shutting down more than 1,000 accounts per day, often with little to no explanation to customers. With the recent shutdown of…
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Raiz Federal Credit Union intros digital banking platform
July 31, 2023
Raiz Federal Credit Union, based in El Paso, Texas, introduced its digital banking platform, which features financial wellness tools for customers to track…
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Bank of the Plains intros digital account opening
July 27, 2023
Bank of the Plains, based in Kansas, has deployed the Narmi's Digital Account Opening platform, which allows customers to open an account in under three…
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NatWest CEO steps down following discussion on British politician's bank account
July 26, 2023
Alison Rose, CEO of NatWest, one of the biggest four banks in Britain is stepping down after speaking about a bank account closure belonging to Nigel Farage…
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Citizens appoints head of enterprise payments
July 21, 2023
Citizens Financial Group Inc. has appointed Taira Hall to serve as head of enterprise payments. She will report to Beth Johnson, vice chair and chief…
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Union Credit intros credit union marketplace
July 19, 2023
Union Credit, a credit offer provider, has introduced a marketplace to allow credit unions to offer one-click credit offers to customers at the point-of…
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Bank of Baroda intros electronic bank guarantee
July 13, 2023
Bank of Baroda, an Indian bank, has introduced Electroc Bank Gurantee on its digital BarodaINSTA platform through a partnership with National E-Governance…
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Bank of America fined for more than $250M for fake accounts, junk fees
July 12, 2023
The Consumer Financial Protection Bureau has ordered Bank of America to pay more than $250 million in fines and customer refunds for a variety of violations…
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Fintech software market to grow by more than 8%
July 12, 2023
The fintech software market will grow at a compound annual growth rate of 8.82% from 2023 to 2027, according to research from Technavio. The primary market…
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Huntington National Bank earns top spot in mobile banking app survey
July 6, 2023
The Huntington National Bank has earned the top spot for the fifth consecutive year in the J.D. Power 2023 U.S. Banking Mobile App Satisfaction Survey…
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Alliance Catholic Credit Union deploys 5 ITMs
June 28, 2023
Alliance Catholic Credit Union, based in Michigan, has deployed five interactive teller machines from Dolphin Debit, according to a press release.
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Indian digital bank Kotak811 intros financial freedom campaign
June 28, 2023
Kotak811, a digital bank based in India, has launched its Finance ka+1 campaign, which aims to help young people gain financial freedom. The campaign will…
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Regions Bank intros grace period for overdrafts
June 23, 2023
Regions Bank recently announced Overdraft Grace, which gives customers an extra business day to make deposits to cover overdrafts prior to a fee. This service…
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NCR completes migration to Google Cloud
June 20, 2023
NCR Corp. has migrated its 24 million NCR DI Digital Banking users to Google Cloud. With this migration, users will have access to Google Cloud's analytics for…
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IMF begins work on platform for central bank digital currencies
June 20, 2023
The International Monetary Fund is developing a platform for central bank digital currencies, which would provide cross-border transactions. In particular, it…
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First Tech Federal Credit Union to offer financial services for foster children
June 16, 2023
First Tech Federal Credit Union, based in San Jose, California, has partnered with Youth Villages Oregon, a children mental and behavioral health organization…
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June 15, 2023
Carolina Foothills Federal Credit Union has partnered with DoubleChecks Solutions to allow members to stop payments with non-sufficient funds from being…
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Credit Union of America onboards digital account opening
June 13, 2023
Credit Union of America, based in Kansas, has integrated Narmi's Digital Account Opening product, to onboard members in under three minutes. The solution…
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Crypto.com shuts down US institutional services
June 12, 2023
Crypto.com, a cryptocurrency exchange will shut down its institutional services for U.S. customers in less than two weeks. The company claims the decision is…
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Mastercard partners with Fabrick for open embedded finance
June 12, 2023
Fabrick, an open finance company, has partnered with Mastercard to deliver embedded finance solutions to aid businesses, financial institutions and fintechs in…
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