Azlo Provides A Digital Banking App For Freelancers, Startups And E-Commerce Users
#Azlo, which calls itself the first #digital #banking platform for business, is a fee-free business bank that is part of BBVA.
Financial Technology
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Users Think Banks Are Okay At Digital Engagement, But Lag Tech Leaders
#Banks‘ #digital efforts are decent, but not exciting, to their customers who prefer interacting with Amazon and social media.
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25 Million Mobile Users at Bank of America, but only 2 Million Are On Erica
#Bank of #America might have 25.3 #million active #mobile #users, and #only 2 million of those users are using the bank’s virtual assistant, #Erica, at present. That’s not even 8%. “Keep in mind that we started the rollout earlier this year with Rhode Island, which has a relatively small population, and completed in all markets in […]
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Users Divided on Starling Bank’s New Debit Card
U.K. neobank #Starling is in a mood to switch things up, at least on the design front. Last week, Starling unveiled changes to the payments screen on its mobile app and today it unveiled a new #debit #card. For starters, the new debit card is not purple, Starling’s signature color. Instead it&8217;s teal and navy […]
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Lead Widens for JPMorgan Chase in Race for Mobile Banking Users
#JPMorgan #Chase leads the #race for the most #mobile #users among the top three largest consumer #banks in the U.S. — still. With 31.6 million active mobile users, JPMorgan Chase is well ahead of Bank of America’s 25.3 million active mobile users for 2Q18. In the same period, Wells Fargo reported 22 million and Citigroup 10 million. Chase’s […]
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JPMorgan Chase’s Active Mobile Users Increases at a Steady Pace
#JPMorgan Chase & Co. reported a double-digit percentage rise in #active digital #users and active #mobile users this quarter, according to the 2Q’18 earnings call today. The bank’s digital to mobile penetration rate, however, is not as impressive. For instance, take a look at the bank&8217;s active digital users, which at 47,952 this quarter showed […]
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German Challenger Bank N26 Reaches 1 Million Users on the Heels of U.S. Launch
PREMIUM — The #German #challenger #bank N26 surpassed one #million #users, the bank announced yesterday — a significant feat for any neobank. The bank has doubled its customer base since last August. To put this in perspective, U.K.-based challenger bank Revolut, which just last month reached unicorn status thanks to a $ 250 million series C […]
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Chime Crosses 1 Million Users Thanks to Referral Program
Neobanks, better established across the Atlantic in Europe, are starting to grow up in the U.S. as well. U.S. challenger bank #Chime is growing by 100,000 accounts per month, according to CEO Chris Britt. The San Francisco-based challenger bank just crossed the one-#million accounts mark, Britt told Bank Innovation, over a span of less than […]
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Mastercard’s PromptPay Hits 40M Users in Thailand (DEMO VIDEO)
Mastercard launched #PromptPay, a P2P payments application, in January 2017 in #Thailand. The app now has more than half of the Thai population registered — 40 million people with over 173 million transactions and 700 billion baht ($ 22 billion) in money transfer value, according to data newly released by Mastercard. The product comes from Mastercard’s […]
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Did Apple’s ‘Red Circle’ Tactic Lead to More Active Pay Users?
The number of consumers making use of #Apple’s mobile payment service is increasing, but are these #users really, well, using it? The company #more than doubled the users for its namesake payment service, Apple Pay, according to CEO Tim Cook on the company’s second quarter earnings call yesterday. This year-over-year increase is part of the […]
Bank Innovation
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