For smaller FIs where “digital transformation” may still mean establishing a #mobile app, some are far ahead of their peers. Bank Innovation previously reported on the mobile app user numbers of the country’s biggest #banks, and on average 44% of the top banks’ customers use their mobile app. On par with this metric is the […]
Bank Innovation
Bank #JPMorgan #Chase is announcing new #cashback #rewards tied in with the use of #mobile wallets for the first quarter of 2018, in an offering that will allow customers to “try—and enjoy—the convenience” of paying via mobile. This is according to General Manager for Chase Freedom, BJ Mahoney, in a bank press release, which noted […]
Bank Innovation
It is no secret that #Mobile #Banking is increasing becoming a popular way of banking for many users. Its convenience and efficiency has made it an important way of banking. In fact, in a report published by RaddonSM, a subsidiary of Fiserv, shows that mobile banking #usage has grown from 7% of all consumers in […]
Bank Innovation
Online and mobile #usage is soaring at #Fifth #Third. More than 60% of all transactions are currently made through #digital channels, the company said during its fourth-quarter earnings call on Tuesday. “[That’s] compared to 30% just a few years ago,” said Chief Executive Greg Carmichael. “Overall, we have seen a 29%Read More
Bank Innovation
Online and mobile #usage is soaring at #Fifth #Third. More than 60% of all transactions are currently made through #digital channels, the company said during its fourth-quarter earnings call on Tuesday. “[That’s] compared to 30% just a few years ago,” said Chief Executive Greg Carmichael. “Overall, we have seen a 29%Read More
Bank Innovation
You might as well call them e-Bank of America and #Wells Fargo #Digital Bank. Both #BofA and Wells, the No. 2 and No. 3 ranked #banks in the U.S., respectively, today for the first time released #usage numbers for their digital banking operations, and they are eyepopping. BofA got 112Read More
Bank Innovation
Consumers are (mostly) done with holiday shopping, and #Amazon seems to have had a great season. Actually, Amazon had its “best-ever season” of shopping, the e-commerce giant said yesterday. The company shipped more than a billion items worldwide through Amazon Prime and Fulfillment by Amazon, with company’s own digital assistant — AmazonRead More
Bank Innovation
#XBRL adaptation for reporting, monitoring and supervisory purposes is a broad topic that encompasses Central #Banks, Regulators, Stock exchanges, individual companies (both private and public). Main relationships that can benefit #from XBRL adaptation in the financial sector Central Banks can improve their favorable financing business to the banks, if theyRead More
Bank Innovation
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