Fifth Third Bank expects to consolidate or sell approximately 100 branches as well as 30 other properties that had been purchased for future branch expansion, the bank announced Monday. The closures are a result of shifting customer preferences toward digital and mobile banking channels.
Morgan Stanley sees digital tools as engines for growth for the firm and expects new cash management and payments tools to help the firm deepen relationships with wealth management customers, Morgan Stanley CFO Jonathan Pruzan said last week at the Morgan Stanley U.S. Financials Conference in New York City.
Wells Fargo aims for its entire 15,000-member advisor workforce to adopt the company's mobile app by the end of the year. The app, called Smart2Go, is intended to support "out of office" conversations between advisors and clients.
Global insurer ANV Group is aiming to make it easier for brokers to offer specialized commercial insurance lines to small- and medium-sized businesses with a tool for acquiring and servicing customers through mobile phones and Internet devices.
When Apple Watch sold out in six hours on its first day of pre-orders last week, it even took some of the most bullish Apple observers by surprise.
Yes Bank of India aims to reach customers through Twitter in a way that may sound unique to marketers in other countries. In India and other parts of South Asia it is reportedly common to communicate...
Liquid Holdings has launched a mobile version of its suite of investment management tools and services that is touch-optimized for use from any mobile device.
Much like Siri has served as a virtual assistant to iPhone users, helping them navigate the possibilities of their devices, a new mobile-based virtual assistant named Kasisto is planning to offer similar functionality tailored toward banking. Recently spun off from SRI International, the same organization that sold Siri technology to Apple in 2010, Kasisto plans two commercial releases next year of virtual banking agents.
Euronext has launched an iPhone app to deliver market data from its equities markets to retail investors. The free app will deliver market data delayed by 15 minutes or updated at the end of the day.
Sixty-one percent of male investors under the age of 34 use their smartphones to check on their order status after placing trades, far more than any other investing activity they do with their smartphones. Meanwhile, women under the age of 30 are most likely to use their smartphones to research investment products, at 44 percent.