Axiom Bank in Orlando, Fla., has launched an all-digital account it says is designed for the underbanked and unbanked. AxiomGo is a paperless checking account for customers who want an alternative to prepaid cards and traditional checking, the community bank said. Axiom partnered with the fintech firm Malauzai to design and deploy a mobile app…
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2018 looks to be a good year for U.S. fintech companies, as banks plan to step up their investments. A study released in December found that 82% of U.S. commercial banks plan to increase fintech investment over the next three years; 86% of bank senior managers surveyed said they intend to boost fintech funding imminently.…
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In the blink of an eye, consumers have evolved from being wary of mobile banking to casually quizzing robots in their home about their spending habits. Innovation in banking will continue at its rapid pace in 2018 as more of every bank’s budget is earmarked toward technological development, said Mitch Siegel, financial services strategy leader…
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After Farmers & Merchants State Bank switched its internet domain from dot-com to dot-bank, the Archbold, Ohio-based bank received a handful of calls from customers wondering where its website had gone. The $1 billion-asset bank also noted some assumed when a sentence ended “.bank.” in its promotional materials, the last period was part of the…
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