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10 Ways Blockchain Will Change Financial Services

10 Ways Blockchain Will Change Financial Services

by February 10, 2016 at 11:44 am 0 comments

Blockchain may be the payments industry’s greatest recent success story. No, really. Which other payments technology, in recent years, has developed so far so fast as the blockchain? Even further, blockchain has broken beyond payments into the fields of authentication manufacturing, energy, and more — and it all started with payments. (Remember bitcoin?)Read More

Shocking Security Failure Uncovered in NCR, Diebold ATMs

Shocking Security Failure Uncovered in NCR, Diebold ATMs

by February 10, 2016 at 11:18 am 0 comments

Traditionally, skimming seems like the most low-brow of security breaches in banking. Until Monday. That’s when what can only be described as a shockingly sophisticated skimming scheme was uncovered by KrebsOnSecurity, a leading security blog. What’s more, the scheme exposes what can only be described as an eyepoppingly idiotic security protocolRead More

How Much Is Illicit Bank Data Worth Online?

How Much Is Illicit Bank Data Worth Online?

by February 10, 2016 at 11:12 am 0 comments

Cyber crime sure does pay, according to a report at Intel Security blogs.mcafee.com. There’s a boom in cyber stores that specialize in selling stolen data. In fact, this is getting so big that different kinds of hot data are being packaged—kind of like going to the supermarket and seeing howRead More

The missing piece of the SME financing puzzle

The missing piece of the SME financing puzzle

by February 10, 2016 at 2:00 am 0 comments

Every day on my way to work I pass by a Westpac Bank branch. Usually it hardly gives me pause for thought – I’m generally far more focused on getting to my first caffeine hit for the day. But last Thursday, something in the branch’s window caught my eye. It wasRead More

Is Google Starting to Back Away From Google Wallet Card?

Is Google Starting to Back Away From Google Wallet Card?

by February 9, 2016 at 11:41 am 1 comment

Google has split its Wallet service into Android Pay and a Venmo-like peer-to-peer payments service. Now Google appears to have started to phase out the Google Wallet Card, which is a debit card issued by The Bancorp. To be sure, consumers can still order a Google Wallet Card here — IRead More

Stash Asks Millennials to Skip the Beer and Invest the $5 Instead

Stash Asks Millennials to Skip the Beer and Invest the $5 Instead

by February 9, 2016 at 11:02 am 1 comment

Stash, a new investing app for millennials, announced a $3 million raise today, bringing its total funding to $4.5 million. “70% of people under 30 don’t invest,” CEO David Ronick told Bank Innovation. “They say, ‘We know we need to save and invest,’ but it’s intimidating. Buying a share of Apple forRead More

The Rise of Location-Agnostic Fintech Accelerators

The Rise of Location-Agnostic Fintech Accelerators

by February 9, 2016 at 2:00 am 0 comments

The conventional Accelerator model, pioneered by Y Combinator, is tied to a specific location. Ventures come to a place for 3-6 months to get ready to launch to the outside world. We are now seeing a new breed of location-agnostic Fintech Accelerators. They don’t mind where the venture originates from andRead More

The Unstoppable RoboAdvisors: Leapfrogging the Independents

The Unstoppable RoboAdvisors: Leapfrogging the Independents

by February 8, 2016 at 2:31 am 1 comment

The Financial news focus in January was animated, colorful, and with 10 articles on Robo-Advisory. As markets are in turmoil and portfolios are bleeding, most of us are questioning the impact of the macro-economic cycle. Last week Bernard Lunn shared his thoughts on the impact of the macro-economic cycle on FintechRead More

Breaking Banks: Ways to Foster Innovation [AUDIO]

Breaking Banks: Ways to Foster Innovation [AUDIO]

by February 7, 2016 at 1:36 pm 0 comments

As part of a new partnership, Bank Innovation will syndicate the radio program “Breaking Banks” on the Bank Innovation website. The most recent episode of “Breaking Banks” featured CBW Bank, Ripple, and Bank Innovation and Fiserv discussing Bank Innovation INV, the new fintech accelerator.

It’s a Super Sunday for Financial Services Ads [VIDEO]

It’s a Super Sunday for Financial Services Ads [VIDEO]

by February 5, 2016 at 9:59 am 1 comment

There are more companies advertising financial services during Super Bowl 50 than companies advertising beer. Ok, that may be because Budweiser bought the exclusive “beer rights” to the game, and there may be more Budweiser ads in total than financial services ads, but, still, this year marks a step upRead More

Ethereum Is Winning in Both Enterprise & Consumer Markets

Ethereum Is Winning in Both Enterprise & Consumer Markets

by February 5, 2016 at 2:00 am 0 comments

Redecentralization is as important as the invention of the PC. We will look back on the early years of the Internet as a strange blip that will be called the Commercial Internet or maybe the Centralized Internet. PCs, for all their faults, empowered individuals. In the Commercial Internet, individuals becomeRead More

Fintech Accelerators Are Not Destined to Die

Fintech Accelerators Are Not Destined to Die

by February 4, 2016 at 10:35 am 0 comments

Long live the fintech accelerator. With all due respect to American Banker‘s BankThink portal and Forrester Research, the future could not be brighter for fintech accelerators, and I write that not just because Bank Innovation has launched an, er, fintech accelerator with Fiserv, U.S. Bank, and Cross River Bank. Last week,Read More