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1/3 of new credit card applications from CommBank and NAB for No interest card

In Commonwealth Bank's half-year results released on February 10, 2021 it was shown that one-third of new credit card approvals were for their Neo card. For NAB, the StraightUp card is accounting for a similar percentage.

49% of Bank of America Erica users are Millennials

Bank of America's virtual assistant, Erica, has reached 7 million users since its nationwide rollout in June 2018 with 49% of Erica's users being millennials, followed by Generation X (20%), baby boomers and seniors (16%) and Generation Z (15%).

Bank of America credits their Preferred Rewards for Business program with helping to sign up about 192,500 new product accounts

Bank of America announced that it has rewarded small business clients participating in Preferred Rewards for Business with approximately $175 million in benefits during the inaugural year of the program.

Customer opinions on BBVA's digital experience increase personal loan purchases by 4% points

BBVA clients interestedin a personal loan who consulted the scoring andcomments of other users about the digital process of applying for a loan,accounted for 4.4 percentage points increase in customers deciding topurchase the loan.

imagin by CaixaBank adds 500,000 new users within year

imagin, the digital services and lifestyle platform driven by CaixaBank, has celebrated its first anniversary since its launch as a new digital community concept, and registered 500,000 new users.

U.S. Bank enhance Cobrowse due to popularity with customers

U.S. Bank has launched an enhancement to their cobrowse feature: live video of the banker - a first in the industry - following more than a half million cobrowse sessions taking place in 2020.

DBS witnessed 30% increase on eAng Boa usage year on year

DBS said more than $17.5 million was transferred via its QR Ang Bao and eGift from Feb 9 to 12, representing a 30 per cent increase year on year...

CommSec market updates daily podcast hits 1 million downloads

The CommSec Market Update podcast hit 1 million downloads from May to August. Also known now is that more people listen to this podcast on smart home devices than any other device, which also suggests that people are listening to the podcast before commuting to work and when back home...

Apple Card’s Savings account reaches over $10 billion in deposits

Apple Card’s Savings account reaches over $10 billion in deposits, with 97% of customers choosing to have their Daily Cash automatically deposited into their account...

Robinhood Retirement is proving very popular

Robinhood's Q1 2023 earnings report, revealed that the total number of customer accounts added between retirement and brokerage in 1H 2023 matched the total number of accounts opened for all of 2022...

OCBC accounts opened by foreigners grows 8X

OCBC customers in Malaysia, Indonesia, mainland China and Hong Kong opening a Singapore dollar and multi-currency accounts on the OCBC Digital app grew 8X from a typical monthly average...

​CommBank's NameCheck has prevented ~$200 million payments

Per CommBank's 1H24 Results Presentation, NameCheck has prevented ~$200 million in fraudulent payments.

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Monthly Recap Reports

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BANKBULB QUARTERLY

OUR PICK OF THE MOST DISTINCTIVE PROPOSITIONS of the QUARTER

1) SCB debuts in app “EASY Store” using AI to deliver hyper-personalized range of financial products, services and offers

This is an example of dynamic micro-personalization, with the AI analyzing customer’s transaction patterns, behaviors, and preferences, which helps the bank anticipate needs and offer targeted solutions at key moments......[read here]

2) ING AI-driven calculation tool estimates car loan and insurance costs on the basis of a single photo

The ‘ING Scan & Drive’ feature is based on data extracted by Open AI, such as the brand, model and type of car....​​​​​​[read here]

3) CIC makes mortgages more accessible to freelancers and people on fixed term contracts through innovative risk profiling

Recognising the fact that a growing number of workers are challenged with finding a mortgage provider....[read here]

4) Capital One release multi-agentic conversational AI to help customers purchase a car

First-of-its-kind technology not only provides information to the car buyer, but also, takes specific actions on the customers’ behalf based on the customer's natural language prompts....[read here]

5) Tembo Money helps first time home buyers get on property ladder through "Boosting affordability"

Tembo also offers a number of solutions that can help to boost customer's affordability for first-time buyers with specialist tools to explore boosting customer's income and house deposit​​​​...​​​​​[read here]

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