Customer satisfaction with banking and credit card digital platforms is at an all-time high, but apps and websites are becoming indistinguishable. Multifactor authentication has emerged as a surprise driver of satisfaction, while virtual assistants lag behind user expectations. J.D. Power’s 2025 rankings highlight Bank of America, Capital One, and American Express as top digital performers.
Chime offers two bank account options to help you manage your money. However, you can only open a savings account if you have a checking account. Here’s a rundown of each account’s features, benefits and pricing. Chime® Checking Account The Chime® Checking Account has a $0 monthly maintenance fee. And there are no minimum balance
Islamic finance is now widely acknowledged as a viable alternative to conventional banking. Founded on precepts derived from Sharia law, Islamic banking prohibits interest (riba), undue uncertainty (gharar), and investment in unethical or harmful activities. These institutions used to rely on conventional methods for decades, but that is rapidly changing. The intersection of financial technology
As banking customers’ expectations for digital experiences rise and fintech competition grows, the cloud has become essential to staying relevant. But in the rush to modernize, many banks are overlooking a growing risk: cloud concentration, write Vikrant Rai and Graham Tasman. Adobe Stock Banking’s relationship with cloud computing has shifted dramatically. What started as cautious
Anyone who has attempted to import multiple sets of data into a spreadsheet knows how important it is for shared datasets to have common formatting standards. What’s true for Microsoft Excel is even more true for bank account information. The Consumer Financial Protection Bureau had finalized an open banking rule that would mandate the sharing
More women in rural areas are able to conduct online banking transactions, with a new survey by the statistics ministry showing that the proportion of females that could perform them surged to 30.0 per cent in the first quarter of 2025, sharply higher than 17.1 per cent in 2022-23. According to the results of the
The concept of open banking, or financial data sharing between banks and fintechs, comes with a number of security concerns. What if an application programming interface — a tunnel through which data passes from one application to another — is compromised? What if data stored at a fintech or data aggregator gets hacked? The Consumer
NOT everyone begins life on equal footing. Some are born into comfort and opportunity, while others face the harsh realities of conflict, poverty or exclusion. Inequality is a challenge that shapes the futures of many, especially in developing nations. While economic growth surges forward in the Asean region, there remains a pressing matter—how can progress
On May 23, the CFPB notified a Kentucky federal court that it now considers its own 2023 open banking rule “unlawful” and plans to set the rule aside. The Bureau announced its intent to seek summary judgement against the rule, which was issued under Section 1033 of the Dodd-Frank Act to promote consumer-authorized data sharing with third
Friday, 30 May 2025, 8:15 amPress Release: Payments NZ Open banking in Aotearoa New Zealand is taking a major leap forward, with the four largest banks, ANZ, ASB, BNZ and Westpac NZ, implementing another key industry standard that enables payments service providers and fintechs to offer new, more flexible payment options to their customers. Version