1994
CREDIT UNION TAKES ONLINE BANKING MAINSTREAM In 1994 , Stanford Federal Credit Union was the first financial institution in North America to provide all of its customers with internet banking . By 1995 , Presidential Bank was the first bank in the country to give customers access to their accounts online . The world ’ s banking giants looked on with interest , noting the project ’ s success .
2022
A CONTINUALLY CHANGING LANDSCAPE Recent reports state that 80 % of banking customers globally are regular users of mobile banking technology . But today , the very fabric of the financial industry is transforming as a result of DeFi and
blockchain technology . Technology is advancing so rapidly that , by 2026 , many experts believe numerous western countries will be officially cashless .
2006-2010
EXPONENTIAL ONLINE BANKING ADOPTION According to reports , by 2006 , 80 % of all US banks were providing internet banking services – and the trend has shown no signs of slowing down . In 2009 , Ally Bank was founded – the world ’ s very first all-digital bank .
A study by Fiserve in 2010 demonstrated that both online and mobile banking were growing at a faster pace than even the internet . fintechmagazine . com 17