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Why Is It So Hard to Scale Fintech Startups? It’s a Secret.

Why Is It So Hard to Scale Fintech Startups? It’s a Secret.

by April 29, 2016 at 12:45 pm 0 comments

Why are fintech startups different from other tech startups? Many people would answer regulations, and that’s certainly part of the story. Banks want fintech to be regulated to level the playing field, and fintech companies want regulation to make working with banks easier. But at the Empire Startups Fintech ConferenceRead More

How to Approach Regulators as a Fintech Startup

How to Approach Regulators as a Fintech Startup

by April 29, 2016 at 12:39 pm 0 comments

Regulators have certainly kept a close eye on fintech upstarts. Last month, the Financial Stability Board (FSB) – comprised of 20 world economies – came together in Tokyo to establish a framework and assess the potential of fintech startups “disrupting” traditional banking. Many startups have learned the rule: Go to them, beforeRead More

Breaking Banks: Fintech for Groundbreakers [AUDIO]

Breaking Banks: Fintech for Groundbreakers [AUDIO]

by April 29, 2016 at 12:37 pm 0 comments

In this week’s episode of Breaking Banks, Brett King hosted Kamal Budhabbatti, called the Bill Gates of Kenya, to talk about the amazing fintech scene in East Africa. Scout Finance Founders Vivek Nasta and Ariez Dustoor also joined to talk about their work allowing investment professionals to maintain around-the-clock access to client informationRead More

Pirates with Ties interview with Natasha Kyprianides of Hellenic Bank

Pirates with Ties interview with Natasha Kyprianides of Hellenic Bank

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

In the Pirates with Ties interview series, we are interviewing people who are leading digital transformation and innovation in major Financial Institutions. Natasha Kyprianides, is in charge of Digital banking and innovation at Hellenic Bank, the second largest bank in Cyprus. Their “mobile first” strategic approach debuted with a mobile banking app that cost less than 1/10 theRead More

Payments Down, While Ad Revenue Soars for Facebook

Payments Down, While Ad Revenue Soars for Facebook

by April 28, 2016 at 2:33 pm 0 comments

Facebook expects its payments revenue for 2016 to come in lower than 2015. The company couldn’t be more clear: ads are “the big focus.” The company’s ad revenue this quarter soared 57% year over year, hitting $5.4 billion, of which $4.2 billion – 82% – was mobile. In comparison, totalRead More

Say Hello to Our Spring 2016 Class of Startups

Say Hello to Our Spring 2016 Class of Startups

by April 28, 2016 at 11:00 am 0 comments

Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class. The companies selected from applications received from startups around the world are: CrossCues Dyme GoldBean Hermetic Security Spare We Are Briqs The companies, chosen after aRead More

PayPal’s ‘Best Quarter Ever’ Credited to Venmo

PayPal’s ‘Best Quarter Ever’ Credited to Venmo

by April 28, 2016 at 10:51 am 1 comment

PayPal Holdings Inc. reported total payments volume of $81 billion for the quarter, up 29% from a year ago. Its newer services – Venmo and Xoom – were at the center of it all. Venmo processed nearly $3.2 billion in payments this quarter, up 150% YoY, proving once again thatRead More

Signs of a Chill in Fintech Funding?

Signs of a Chill in Fintech Funding?

by April 28, 2016 at 9:55 am 1 comment

Fintech funding is booming. The first quarter of 2016 may have seen no IPOs, but it saw more funding than ever — $5.3 billion, 67% more than the same period last year, according to Accenture. But there are signs a chill may be in the air. At the Empire StartupsRead More

Our Analysis of 156 #InsurTech Ventures During Cambrian Explosion

Our Analysis of 156 #InsurTech Ventures During Cambrian Explosion

by April 28, 2016 at 2:00 am 0 comments

  A year ago we wrote “not that many InsuranceTech startups – yet”. We found 11 ventures. People added 4 more in comments, exciting ventures that we went on to profile – making 15 total. A year is an eon in startup land. Today we found over 150. That isRead More

Visa and MasterCard Offer Faster EMV

Visa and MasterCard Offer Faster EMV

by April 27, 2016 at 12:57 pm 1 comment

People called, and MasterCard and Visa answered. In the past week, both card networks announced updates to their point-of-sale systems that promise to reduce the time it takes to use an EMV chip-enabled card at the checkout line. Cue cheering crowds. Visa released its new technology, dubbed Quick Chip, last week, claimingRead More

Five Hot Startups from the Empire State

Five Hot Startups from the Empire State

by April 27, 2016 at 12:06 pm 1 comment

Five “hot” startups took the stage yesterday at the Empire Startups Fintech Conference in New York – or, as they referred to it, “A Fintech Shark Tank.” Each startup took the stage for a five-minute demonstration, followed by a Q&A with the moderator, founder of Xignite, Stephane Dubois. Here’s the breakdown ofRead More

Capital One Will Triple Its Spending on Branch Optimization in 2016

Capital One Will Triple Its Spending on Branch Optimization in 2016

by April 27, 2016 at 11:59 am 0 comments

Capital One is known for being a digital company, and for its celebrity-driven marketing, but it’s also a bank with branches, and those branches need to be updated. CEO Richard Fairbank usually talks about his bank’s digital efforts when he has a good audience, but on yesterday’s earnings call, heRead More