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Green Dot Launches Secured Credit Card

Green Dot Launches Secured Credit Card

by September 29, 2016 at 4:41 pm 0 comments

Today it was announced that Green Dot, a leader in the prepaid space, is launching the Green Dot Platinum Visa Secured Credit Card—a credit card designed specifically to help those without credit build it, or those with low credit scores, build them up. The company floated news of this cardRead More

One Year after EMV, What’s the Reality of Payments in the U.S.?

One Year after EMV, What’s the Reality of Payments in the U.S.?

by September 29, 2016 at 1:11 pm 0 comments

Talking about payments nowadays, and chances are you’ll hear a lot about Apple Pay, or the larger world of mobile payments or whether those six startups that let you pay with emojis have taken off. In other words, you’re probably hearing a lot about the future of payments, and notRead More

IBM Acquires Promontory

IBM Acquires Promontory

by September 29, 2016 at 12:48 pm 0 comments

IBM has acquired Promontory Financial Group, the consultancy founded by former Comptroller of the Currency Eugene Ludwig. Terms were not disclosed, but sources suggest IBM may have paid upwards of $300 million for the company. IBM said Promontory, which specializes in regulatory compliance consulting for financial institutions and employs 600Read More

Slew of New Speakers Joins Bank Innovation Israel

Slew of New Speakers Joins Bank Innovation Israel

by September 29, 2016 at 10:50 am 0 comments

A host of new speakers joined Bank Innovation Israel 2016 in recent days. We’ve also revised the agenda to provide a deeper understanding of the current fintech market. Specifically, we’ve added a session entitled “Corporate Innovation Strategies,” which will explore the intersection between fintech and traditional banking.

Venmo, PayPal Both Among Top 10 iOS, Android Apps

Venmo, PayPal Both Among Top 10 iOS, Android Apps

by September 29, 2016 at 10:34 am 0 comments

The Chase Mobile app and Credit Karma app top this week’s list of finance apps, with Credit Karma dominating Google Play and Chase continuing its iOS reign. But the surprise of the week may be be that PayPal Holdings owns two apps in the Top 10 on both platforms. Venmo is 3rdRead More

Goldman Is Leading the “Buy-Side Empowers the Sell-Side” Movement

Goldman Is Leading the “Buy-Side Empowers the Sell-Side” Movement

by September 29, 2016 at 2:00 am 0 comments

The Daily Fintech founders are at SIBOS in Geneva; reporting every day, snippets of insights on the Fintech Genome. Stay tuned on all SIBOS Insights conversations. For years the Sell side was the incubator of financial innovation and the marketplace where products and services were designed and the platforms where market making andRead More

Why Do People Use Venmo? Check the Emojis.

Why Do People Use Venmo? Check the Emojis.

by September 28, 2016 at 3:46 pm 0 comments

The classic use case for peer-to-peer payments is splitting a check — it’s straightforward, easy to understand, and the people doing it are young and having fun (probably). But the problem is that the average P2P payment, according to JPMorgan Chase, anyway, is $300, rather expensive for a dinner bill.Read More

3 Startups to Watch: Bond Street, EquityZen, Romit

3 Startups to Watch: Bond Street, EquityZen, Romit

by September 28, 2016 at 12:14 pm 0 comments

If you look hard enough, you can find a startup for anything nowadays: you can exchange diamonds through the world’s first P2P diamond exchange, for example, buy a handbag in installments, and invest in big data companies one five-dollar micro-investment at a time, probably all without leaving your house (or even gettingRead More

Hot Hashtag: Let’s Talk About #Funding

Hot Hashtag: Let’s Talk About #Funding

by September 28, 2016 at 10:45 am 0 comments

There’s been a lot of chatter in the finech space about #funding lately—it’s an important area for all businesses, no doubt, with the hashtag reaching over 3.3 million users on Twitter, according to data from Hashtracking, but the stakes are particularly fierce in fintech, where so many fledgling startups areRead More

Fintech Unicorn pain as the public/private valuation inversion comes to an end

Fintech Unicorn pain as the public/private valuation inversion comes to an end

by September 28, 2016 at 1:00 am 0 comments

Image source # 6 on our Fintech Predictions for 2016:  The strange inversion we saw in 2015, when private companies were valued higher (on paper at least) than public companies, will end in 2016. The headlines will refer to Unicorpses.  This is happening now. It is happening in private unlessRead More