DIGITAL-ONLY BANKING - A SOARING WAVE IN CONSUMER BANKING

High dependence on smartphones and a requirement of data on the move are some of the key traits of the new generation. Tapping into these characteristics, digital-only banks are trying to leverage 'real-time intelligence: to provide personalized customer information like spending alerts and geo-based offerings. For example, sending alerts to consumers about their spending habits and warning them that certain purchases may be out of their budgets are services that are well-appreciated. Such perso
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