Digital Banking

Bank of America Corporation (NYSE:BAC) reported fourth-quarter financial results that beat analyst estimates Wednesday morning. Management commentary points to artificial intelligence initiatives helping to grow customer accounts and help with hiring costs. • Bank of America stock is showing...

JPMorgan analyst Ella Smith initiated coverage on Q2 Holdings (NYSE:QTWO) and nCino (NASDAQ:NCNO) and assumed lead analyst coverage of Alkami Technology (NASDAQ:ALKT) on Wednesday. Smith’s investment preferences have Alkami Technology as Overweight, Q2 Holdings as Overweight and nCino as...

Standard Chartered ADR's (OTC: SCBFY) innovation, fintech investment and ventures arm, SC Ventures, launched a digital banking technology solutions provider, Audax Financial Technology. Singapore-headquartered Audax's goal is to push banks deeper in their digital transformation by...

Banking application Revolut Ltd. will cease its cryptocurrency trading services for customers in the U.S. due to regulatory uncertainties and market volatility. What Happened: The London-based fintech company will disable U.S. users' cryptocurrency purchasing capabilities on its app from...

Two companies in the personal finance space went public via SPAC merger with high hopes of continuing customer growth and new product offerings in a shift to digital banking and non-traditional banking. The stock prices have fallen drastically. Here’s what happened. MoneyLion Shares Fall:...

By Wisetek Store As tech innovations and digital services become an important aspect of everyday life, the financial sector hasn’t been left behind. Emerging innovations have paved the way for new services, which have, in turn, disrupted the existing services. Digital transformation has...

Singapore Telecommunications Ltd (OTC: SGAPY) is teaming up with Singapore-based ridesharing company Grab Holdings Inc to apply for a digital banking license in Singapore, Reuters reported Monday. What Happened In a bid to set up a digital bank in Singapore, Grab, and Singtel are forming...

Citigroup Inc (NYSE: C) is betting big the future of banking is digital, and consumers appear to agree with the strategy, according to The Wall Street Journal. Citigroup is shrinking its physical footprint and focusing on offering a complete digital banking experience, WSJ said. The focus...

For every four Bank of America Corp (NYSE: BAC) branches that operated in 2009, one is likely closed today. According to CNN Money, Bank of America now boasts 23 percent fewer branches today than it did seven years ago. The closures aren't due to a failing business, rather a "digital disruption,"...