— offer digital money management tools similar to BBVA's, building automatic savings into an existing bank account could make the feature more appealing to consumers. Simple CEO David Hijrida said, "We established Round-up Rules as a painless way to start saving money a little at a time."
This strategy is proving effective and attractive to consumers — 18,000 Simple customers have opted into the feature thus far, saving an average of around $67 each. It could also encourage consumers to use their Simple debit card more frequently, thereby increasing engagement with their accounts with the bank.
BBVA USA is going through a digital transformation, and building out Simple with features like Round-up Rules could help that effort. BBVA USA took a hit in , reporting a net loss of $331 million for the quarter, but its digital transformation efforts point to a brighter future. The bank has already shown improvement on that front: BBVA USA leapt into third place out of 20 banks included in Business Insider Intelligence's 2019 US Mobile Banking Competitive Edge study in terms of banks with the most desirable mobile banking features — up from ninth place in 2018 — on the strength of its transfer and account management capabilities.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WeWork chairman says it's 'totally false' that ousted CEO Adam Neumann left with $1 billionWeWork Executive Chairman Marcelo Claure said that Neumann didn't walk away with the over $1 billion package that was estimated. Any investors in this company need to just jet. Their product has no barriers to entry (OPP, 'other people's property') or exit (ST leases to outsource cos). Thanks for the great idea WeWork we'll (landlords) will take it from here... Altogether it was more than that! it was more
Source: CNBC - 🏆 12. / 72 Read more »
I bought $1 million of life insurance in case I have heart trouble - Business InsiderNo one, other than insurance agents, gets excited about life insurance. Well, not exactly. In 2012, I'll admit I was excited to get life insurance. I got one at 40 Age ain’t nothing but a number & the heart will remain forever young with love & determination behind you
Source: BusinessInsider - 🏆 729. / 51 Read more »
Deutsche Bank to issue at least $1 billion in AT1 securitiesDeutsche Bank said on Monday it would issue at least $1 billion in Additional Ti... To Trump? Where are donald's tax returns? ArnoWellens
Source: Reuters - 🏆 2. / 97 Read more »
12 Simple Habits To Reduce Stress And Increase Joy At WorkMaybe you've been curious about mindfulness and its benefits, but you're not sure how to get started. Here are 12 different habits that you can use to infuse mindfulness into your workday. 👍😎⚔️🛡️🚘🚀
Source: Forbes - 🏆 394. / 53 Read more »
Brandon Maxwell Turned Simple Into Sexy for Fall 2020By stripping things back, the designer was able to show off his sharp tailoring skills.
Source: Fashionista_com - 🏆 474. / 51 Read more »
Keeping Your Tattoo Lookin’ New Is Actually Pretty SimpleSpoiler: Stock up on lotion and SPF. great idea valentine Stay out of the sun and moisturise The neckline of the tattoo symbolizes all the attributes that you're most comfortable with.When it is properly configured, everything in your body will look natural to you.
Source: BuzzFeed - 🏆 730. / 51 Read more »