back Back

3 banks providing innovative digital services in the US

By Edlyn Cardoza

August 17, 2022

  • Axos Bank
  • Challenger Banks
  • Digital Transformation
Share

First Financial Bank, Axos Bank, Thread Bank, Financial Institutions, Neobank, Challenger Banks, Mobile Banking, Digital Transformation, USAThe future of banking is digital, connected, contextual, and customer-first. Through meticulously selected partnerships and technology, digital banks are upgrading their banking strategy to match how individuals and small business customers manage everyday banking tasks.

Today’s generation of consumers requires a feature-rich, fully integrated digital banking platform. Recent research shows that more than 43% of consumers in the U.S. switched their primary financial institution because of mobile banking-related reasons, and 35% switched due to online banking-related reasons.

Neobanks and challenger banks are well positioned to meet digital challenges and garner the benefits of the new digital economy. As the market transforms, they are shaking up the traditional branch-based banking systems and pushing the industry to become more agile and competitive.

Here are 3 digital banks setting their mark to revolutionise banking in the US:

Axos Bank empowers consumers and businesses to easily manage their financial lives. Through a blend of human insight and digital expertise, they help their customers plan, bank, borrow, and invest in a way that’s both convenient and customised.

More than two decades ago, Axos reinvented the banking model. Launching as a digital bank in 2000 signalled its independence from brick-and-mortar banking. Since then, they have grown to over $15 billion in assets.

Since 1890, First Financial has been serving customers’ financial needs just like you. Today, First Financial Bankshares is recognised as one of the nation’s top performing banks.

First Financial is not your everyday bank. Our “One Bank, Multiple Regions” concept combines the best of “Big Bank” customer benefits with a community bank’s local decision-making and involvement. First Financial business online banking puts you in control of your finances. No matter what type of business you run, you can conveniently and securely manage your account 24 hours a day, 7 days a week.

Thread is a connected financial ecosystem that will help you build value without building your systems. They use their technology platform and charter to empower individuals, entrepreneurs, FinTechs, and brands to integrate fully compliant financial solutions into their customer experience.

Thread believes that the future of banking is digital, connected, contextual, and customer-first. They are building a financial ecosystem of simplified banking solutions that seamlessly weave into your business and life.

ALSO READ: Global Digital Banking Vendor & Landscape Report Q2 2022

Previous Article

August 17, 2022

Paysafe is now registered as a Virtual Asset Services Provider in Italy

Read More
Next Article

August 18, 2022

UnionBank of the Philippines selects Avaloq to transform its wealth management platform

Read More






IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

Axos Bank

Digital remittances surge as key lifeline amid global economic challenges, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 14, 2024

Bendigo & Adelaide Bank tap MongoDB to modernize core banking technology with Gen AI

Read More

June 12, 2024

Commencis launches new Turkish LLM for banking & financial services

Read More

June 11, 2024

Eurobank Cyprus upgrades its core banking system with Temenos

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023