No Branch, No Problem. Citigroup Bets Big on Digital Banking

Now the bank’s executives are convinced that many U.S. consumers are finally ready to leave the branch behind and fully embrace digital banking. Citigroup added roughly $1 billion in digital deposits in the first quarter, more than all of last year. About two-thirds of that total came from new customers, and a little more than half don’t live near any of the bank’s roughly 700 branches.

Read more here wsj

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2019-05-13T00:30:28+05:30May 13th, 2019|Categories: Banking & Finance, Digital Banking, FIAKS daily, Mobile Banking, Open API Banking, Technology|Tags: |Comments Off on No Branch, No Problem. Citigroup Bets Big on Digital Banking
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