With the recent surge in alternative financial institutions that have no fees due to low operational costs, digital banking innovations have become a number one priority for traditional companies. In order to keep their clients while maintaining their overall business, banks are jumping on the tech savvy bandwagon with digital incentives that make their services easier and more convenient.
This collection of digital banking innovations show that companies are not only introducing their own smartphone apps to better track and use their services, they are also targeting millennials in more specific ways. For instance, the exponential growth of wearable technology and fitness concerns prompted Russia's Alfa-Bank to create Alpha Activity, which tracked the users movements in order to deposit special amounts of money into their savings account. Banking has never been more interesting.
20 Digital Banking Innovations
20
Wearable Wrist Payments
Barclaycard's Contactless Payment bPay Bands Will Reduce Cash Transactions
19
Mobile Digital Wallets
CU Wallet is a Hi-Tech Credit Union Commerce Tool Targeting Millenials
18
Cheque Depositing Mobile Banks
The GoBank Platform Eliminates All Traditional Banking Practices
17
Social Media Banking Tools
The American Express Sync Program Merges the Cards with Twitter
16
Banking Assistant Apps
The Kasisto Virtual Personal Assistant is Intelligent and Simple to Use
15
Child Banking Services
Osper Allows Parents to Empower Children with a Sense of Financial Freedom
14
Alternative Online Banks
Bluebird by American Express Does Away with Traditional Checking Accounts
13
Financial Fitness Incentives
Alfa-Bank Promotes Health and Wealth with its Fitness Banking System
12
Palm Print-Scanning ATMs
The New Chase Bank Electronic Banking Kiosks Could Use Biometric Scanning
11
Handy Banking Apps
The BankSimple App is an Attractive Checking Alternative
10
Alternative Banking Loans
The Hilltop Microfinance Initiative Helps in Low-Income Entrepreneurs
9
Cardless ATM Apps
The CommBank App Lets You Withdraw Money from ATMs Without a Card
8
Financial Literacy Apps
Union Bank's Yuby App Teaches Kids the Basics of Money Management
7
Cardless Cash Dispensers
The Ogaki Kyoritsu Bank Uses a Palm Scanning ATM for Accessing Accounts
6
Secure Cryptocurrency Banks
Circle's Bitcoin Bank Aims to Make the Digital Currency More Secure
5
Smartphone ATM Apps
The Cardless Cash Access App Lets You Withdraw Money Using a QR Code
4
Comprehensive Banking Apps
The Grow by ANZ Banking App Aids in Basic & Expert Finance Management
3
Tablet-Based Banking Apps
The TD for iPad App Provides a Secure Way to Perform Transactions
2
Cardless ATM Withdrawals
South Africa's FSB Lets Customers Withdraw Cash Using Their Phones
1
Free Fee Banking
Electric Orange Checking Account Pays You to Sign Up
Related Ideas
Credit-Consolidating Finance Apps
The 'StellarFi' App Pays Your Bills & Boosts Your Credit
Disruptive AI-Finance Chatbots
Origin Financial Wins Big with AI Chatbot for Everyday Finance
Discount Retailer Mobile Apps
Family Dollar Debuted a New Mobile Shopping App for Customers
Immersive Banking Experiences
The CIBC Experience Centre Helps You Visualize Your Financial Future
AI-Backed Private Payment Solutions
TODAQ's 'TAPP' Micropayments Improves Healthcare Privacy
Digital-Oriented Restaurant Redesigns
Wendy's Rolls Out New Design Concept, 'Global Next Gen'
AI Personal Trainers
Workout Tools Offers a Personalized Approach to Fitness
Digital Rewards-Integrated Cards
TranzactCard Introduces the eZ-Power Card to its Fintech Platform
AI-Augmented Retail Checkouts
This Checkout Solution Helps Prevent Theft and Scanning Errors
Customer Loyalty Partnerships
tokenproof and adidas Announce a Strategic Long-Term Partnership
AI-Powered Digital Banks
Revolut Introduces its Reliable AI-Powered Finance Product, Billpay
Neobank Metaverse Outposts
Quontic Bank Opens Its First Metaverse Outpost in Decentraland
Digital Grocery Screens
Kroger Launches the New Digital Smart Screens Across 500 Store Locations
AI-Enhanced Grocery Apps
Instacart Unveiled a Suite of AI Features Coming to its Mobile App
Virtual Banking Environments
The Uni-Verse is a Banking Metaverse for Union Bank of India Clients
Flexible Mobile Bank Payments
Wallet Express Was Created by Samsung and Mastercard
AI-Powered Budgeting Apps
Cleo Helps Gen Z Get Their Finances in Order with Roast & Hype Modes
Lifestyle Activity Tracking Apps
The 'Timeline It' App Tracks Virtually Any Activity or Event
Africa-Focused Digital Wallets
Abba Payments Debuts a Digital Wallet Service for African Consumers
Monetizable Mobile Gaming Apps
'Playbite' Enables Players to Win Gift Cards and Prizes
Financial Literacy Board Games
Chime Launches a Gamified Financial Literacy Initiative
AI-Backed Supplement Development
Biomdrin's New Technology Pairs Optimal Ingredients Together
Digital Currency Piggy Banks
This 'Smart Piggy' Bank Concept Upgrades a Classic
Advanced Adaptive Retail Experiences
Walmart Unveiled New Retail Technologies at CES 2024
AI-Powered Marketing Tools
This E-Commerce Tool Uses Customer Data to Project Reward Impacts
AI Self-Improvement Apps
LeapLife Uses Journaling and Other Features to Reduce Stress
German Payment Expansions
Brite Introduces Instant Payments for German Consumers
Digital Wellness Inniaitives
Pinterest Focuses on the Digital Well-being of Gen Z
AI-Powered Fintech Tools
Square Introduces Ten New Generative AI Features for Content Creation
Motivational AI Health Apps
The Basys.ai Diabetes Control App Uses a Human Avatar for Motivation
Retailer Health Goal Apps
'Sincerely Health' from Albertsons Companies is Feature-Rich
Financial Coloring Books
Chime Boasts Activities for Financial Progress Month
AI-Powered Finance Trackers
TotallyMoney and Bud Financial Launch an AI-Powered Payments Tracker
AI Customer Service Chatbots
LAQO Introduced a First-of-Its-Kind Digital Assistant for Fintech
Life-Logging Digital Journals
The Apple Journal Life Tracker Was Unveiled at WWDC 2023
Hyper-Personalized Wellness Apps
28 Seeks to Empower Women on Their Wellness Journey
Investment Intelligence Platforms
TIFIN Shares Data Analysis for Better Investing Decisions
Digital Travel Companions
Allianz Partners Launches the allyz Mobile App for Consumer Travel Needs
Gen Z-Specific Numberless Cards
Fibe and Axis Bank Team Up to Launch a Numberless Credit Card
Privacy-Focused Budgeting Apps
The 'Apollo' Personal Finance App Streamlines Money Tracking
Scannable NFC Business Cards
The OVOU Smart Business Card Sends Users to a Custom Link
Digital Employee Services
Compucom Sets New Digital Employee Standards with its New Service
Paper-Free Retail Receipts
The Diebold Nixdorf Vynamic Digital Receipt is Sustainable
Digitally Led Bakery-Cafes
Panera's Small-Format Store Has a Digitized Menu & Tracking Screens
Digitized Life Goal Apps
Buckit Breaks Down Life Aspirations Into Achievable Goals
Elevated Health Rewards Apps
MassMutual Debuts a Rewards-Focused Wellness App Called LivingWell
Digital Wallet Loyalty Solutions
Loopy Loyalty Adds Loyalty Cards in Apple and Google Wallet
Phygital Luxury Sneakers
The Dior B33 Sneakers Use NFC Tech to Link to a Digital Twin
Blockchain-Based Supply Solutions
Hyundai Partners with IBM on New Supply Chain Financial System
Digital Loyalty Customer Cards
Passkit Makes Loyalty Cards for Apple and Google Wallet
Stress Reduction Finance Apps
The 'MoneyCoach' App Takes the Anxiety Out of Money Management
Foodtech Support Initiatives
Rabobank is Accepting Applications for its 'FoodBytes!' Program
Interactive Digital Menus
Tabmeal Empowers Restaurants to Revolutionize the Way Guests Order
Gen Z Budgeting Platforms
Buddy and Klarna Teamed Up to Support Gen Z Financial Health
Digital Banking Metaverses
HSBC Confirms Plans to Debut a Virtual Banking Service in the Metaverse
Rewarding Money Apps
Shakepay Has an Innovative Reward System for Digital Currencies
Social Messaging Money Transfers
Viber Enters the World of Fintech with 'Payments on Viber'
AI Financial Wellness Apps
'AI FinCheck' from Yodlee Guides Users Toward Financial Goals
AI Green Financing Platforms
Singapore's AI Initiative for Sustainable Finance in Real Estate
Customized Convenience Retailer Apps
Family Express is Introducing a Personalized App Experience
Financial Firm Travel Apps
Citi Partners with Booking.com and Rocket Travel to Launch Citi Travel
Biometric Debit Cards
Bank Pocztowy Launched the First Biometric Debit Card in Poland
AI-powered Assistant Chatbots
With Over 2,000 Prompts, GyaniAI Emerges as a Powerful Assistant
Virtual Avatar Workers
The Bite Ninja Platform Allows Retailers to Outsource Cashier Work Online
BNPL-Backed Credit Cards
Klarna Debuts a New Credit Card with Maximized Savings and 10% Cash Back
AI-Driven Financial Education Games
Money Smarts Unveils AI Financial Game on Indiegogo
All-in-One Productivity Apps
Evo Brands Itself as 'The Everything App'
Dedicated Mobile Fitness Apps
SilverSneakers GO Helps Older Consumers Stay Fit in 2024
AI Financial Education Games
Go Boldly Empowers Players with Financial Tools and Tips
Cycle-Syncing Wellness Apps
28 Provides Insights & Guidance for the Four Menstrual Phases
AI-Powered Digital Diary Apps
'ChartMyLife.ai' Transforms Notes into Structured Diary Entries
Account-Managing Finance Features
Entrust Launches a New Digital Account Opening Solution
Customized Membership Cards
Amaze Technologies Offers Digital Wallet Loyalty Solutions for Brands
Freelance Payment Platforms
Revolt Launches New Finance App Dedicated to Self-Employed Workers
Kid-Focused Finance Apps
ABN Amro Launches a Financial Literacy App for Children
AI-Powered Retail Payments
Focalpay's New AI Features Streamline Retail and E-Commerce Operations
Personal Shopping Assistants
Klarna Debuts a More Personalized Shopping Feature Dubbed Ask Klarna
Employee-Focused Finance Programs
Claro Money Launches a Financial Wellbeing Package for Employees
Compact Payment Devices
Dojo Releases a Pocket-Sized Card Machine for Convenient Table Payments
Visual Payment Apps
Vizme Turns the Experience of Sending or Spending Money Into Stories
Comprehensive Finance Management Apps
Coop Launches a New Super App with Embedded Finance
Fall Prevention Fitness Classes
Intuition Robotics Launches an ElliQ Exercise Program for Seniors
Teen-Targeted Investment Apps
The 'Bloom' App Helps Users to Build Longterm Wealth
Digitized Note-Taking Apps
FlowNote Turns Note-Taking Into an Art
Virtual Personal Trainers
Jamie's Fit Uses AI To Improve Health and Wellness For Anyone
Inclusive Smartphone Prototype Apps
Researchers Develop the OneButtonPIN on the Side of a Phone
Global Money-Transferring Apps
HSBC Unveils its Inclusive 'Zing' App and Debit Card in the UK
Interconnected Messaging Ecosystems
Whatsapp to Introduce Support for Messages Third-Party Apps
Gamified Budgeting Apps
Bread Budgeting Makes Budgeting Fun By Integrating Challenges
UAE-Based Digital Wallets
UAE’s Mbank Collaborates with Dgpays for Digital Wallet Offering
Digital At-Home Healthcare
birdie Helps Older Adults Receive Quality Care Using Digital Interfaces
Contactless Mobile Payments
Intesa Sanpaolo Teams Up with Nexi to Launch the SoftPOS Application
Teen-Targeted Banking Features
Verizon Launches 'Family Money' For Gen Z and Gen Alpha Bankers
Expanded Cross-Border Payments
Visa Announces the Expansion of its Visa+ Program for US Customers
Social Digital Nomad Apps
The 'Citizen Remote' App Supports Remote Workers and More
Financial Literacy Platforms
Secret U Supports Gen Z Women with Free Tools for Financial Success
Intelligent Loan Platforms
Levr.ai Helps Small Businesses Access Better Funding Options
Web3 Token Additions
Wirex Launches 52 New Tokens for Accessing Web3 Services
AI-Boosted Enterprise Tools
The 'Innovation Assistant' Assists Ideation and Implementation
Gen Z Debit Cards
Venmo is Introducing a Teen Account & Debit Card for Gen Z
Seamless Automotive Shopping Apps
Awin Group of Dealerships Launches Mobile App to Enhance CX
Custom-Made Loyalty Apps
The TXB Loyalty App Turns Points into Cash for Use on Anything in Store
Affordable BNPL Programs
Apple Introduces the Apple Pay Later Program to US Market
Breakfast Rewards Apps
Effin Egg Launches the New Loyalty App for Consumers
African Digital Wallet Platforms
Union54 Launches a New Social Commerce Platform Called ChitChat
Multi-Asset Fund Investments
Monzo Unveils a New Investment Feature for UK Customers
Fraud Detection Systems
Jack Henry is Launching a New AI-Powered Fraud Detection Monitor
Global Money-Managing Apps
Zing Empowers Users to Send Money Internationally, Worry-Free
Money Management Subscriptions
Revolut is Set to Launch a New 'Ultra' Subscription Tier
Democratized Financial Service Tools
Plaid Aims to Make Financial Services More Accessible
Integrated Business Banking Tools
PennyFlo Streamlines Financial Management for Businesses
Kid-Friendly Financial Support Apps
Goaly Offers Financial Lessons for Kids and Their Parents
Teen-Focused Prepaid Cards
Teen and Tween Prepaid Card App Savii Launches in the UAE
Digital Wellness-Promoting Apps
AARP Now is a Convenient Membership App for AARP Cardholders
Cloud-Based Transaction Softwares
Matera Debuts a Digital Twin for Various Financial Transactions
App-Based Employee Payments
Instant Financial Automates Access to Employee Wages with New App
AI Digital Coachs
FLOWIT Debuts AI Digital Coach for Enhanced Employee Engagement and Development
Benefit-Educating AI Assistants
Newfront Debuts an AI-Powered Benefits Assistant for 24/7 Support
Modern Business Card Scanners
Spreadly Scan Brings Networking to the Modern Age
AI Investment Assistants
FinPal Helps people Make the Right Financial Decisions Through AI
Safe Document Storage Solutions
Billsvault Uses AI to Keep Documents Safe and Organized
Revamped Grocery Loyalty Apps
Tesco Unveils the New and Improved Digital Clubcard and Grocery App
Complementary Financial Literacy Courses
Walmart & Khan Academy Offer Free, World-Class Education
Customizable Credit Rewards
ila Bank Launches a Credit Card Rewards Program for Clients
Empowering Financial Management Apps
Windfall Makes Money Tracking and Management Easy
Workplace Financial Wellness Tools
BrightPlan Launches Workplace Financial Wellness Tool
AI-Powered File Searches
Dropbox Dash Helps to Find Files Stored Across Connected Services
Opulent Traveler Rewards
Bank Of America Rewards Program Adds Experiential Perks for its Customers
Comprehensive Business Loyalty Solutions
BusinessQR Helps Brands Build Customer Loyalty
All-in-One Nutrition Apps
The 'Bxlder' App Offers Personalized Fitness and Nutrition Services
Motivational Goal-Tracking Apps
Disciplined Helps Users Track Their Progress and Stay Motivated
Comprehensive UAE Banking Apps
Ajman Bank Launches a "Super-App" with Codebase Technologies
Versatile Marketing Toolkits
Looper Insights Releases a Digital Marketing Insights Tool
Business E-Money Services
Greengage Debuts a E-Money Service for Businesses to Handle Money Easily
In-App Subscription-Canceling Features
Mastercard and Subaio Streamline Subscription-Canceling
Comprehensive Indian Payment Tools
BharatPe Unveils the Country's First All-in-One Payment Device
High-Interest Tech Savings Accounts
The Apple Card Savings Account Offers Instant Access to Yields
Digital Commercial Payment Apps
Mastercard Unveils the Mobile Virtual Card App for Businesses
Digital Cash Payment Systems
Apple Cash is Planning to Offer a Virtual Card Number in Update
Streamlined Financial Management Platforms
Ayden Simplifies Payments, Data, and Fraud Detection