to boost growth by corralling new digital-banking customers outside the firm's comparatively small brick-and-mortar footprint.
These efforts helped Citi reap $4.7 billion in digital deposits through October this year, including $2 billion in the third quarter alone. That's up from just $1.1 billion in digital deposits in all of 2018. to offer checking account services via the Google Pay app, another potential source of digital deposit growth.
"It feels consistent with the general trend of Citi and others wanting to grow their wealth-management businesses and attract wealthier clients," Schorr said. Such perks could conceivably put a dent in the division's income in the event of an enthusiastic customer embrace, though Citi has hedged its bets.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Citi: XPO Logistics' stock has potential to double by 2022 - Business InsiderCiti visited XPO Logistics’ HQ — here's why its research team now thinks the transportation giant's stock could more than double in the next 2 years.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »
Google is planning to break into banking with new checking account offerings - Business InsiderGoogle will offer checking accounts to consumers next year, with the accounts themselves provided by Citigroup and Stanford Federal Credit Union.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »
Banks must behave 'more like technology companies' to survive, finance execs saySeveral fintech start-ups have gained popularity with app-based checking accounts, while tech giants are also making moves in the space.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »
Citi: XPO Logistics' stock has potential to double by 2022 - Business InsiderCiti visited XPO Logistics’ HQ — here's why its research team now thinks the transportation giant's stock could more than double in the next 2 years.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »
How Brazil is leading Latin America's fintech revolution - Business InsiderLatin America Fintech Snapshot - Brazil: BIIntelligence examines how the region's economic powerhouse is leading its fintech revolution
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »