The digital evolution of banking in a post-COVID environment

Eight banks are said to have partnered with Google Pay to launch digital checking accounts from 2021

Spending fell as the economy closed at the end of Q1 2020 and consumers sought to be “diligent” with debts

Delayed and abandoned transactions punctuated a weak period for activity in the first half of the year, says PwC

Increase in productivity from remote work, bank onboarding applications, insurance claims, trade processing and capital markets payment related work

EU and UK banks could be in a far worse position than their US peers following the COVID-19 pandemic, research has shown

The New York-based bank will close six branches and merge them into other existing premises after a multi-year fall in in-person visits

The $50 billion bank will also invest in training programs for staff and take proactive measures to improve recruitment and supplier diversity

Decentralized finance (“DeFi") has grown from a blockchain-based FinTech sandbox into a complex array of platforms through which borrowers, lenders and investors can undertake bank-like transactions without banks

Investors have shied away from bank stocks despite multiple stress tests showing the sector to be performing well amid the pandemic