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How Traditional and Emergent Fintech Could Converge and Change Finance

How Traditional and Emergent Fintech Could Converge and Change Finance

by December 7, 2016 at 12:05 am 2 comments

  Traditional Fintech is so boring – and so profitable. The question is whether these vendors will use some of those profits to transform themselves or let nimble startups with modern technology and new business models eat their lunch.  Two years ago, in December 2014, we took a look atRead More

Fiserv, SapientNitro, Kasisto Sponsor Bank Innovation ’17

Fiserv, SapientNitro, Kasisto Sponsor Bank Innovation ’17

by December 6, 2016 at 5:47 pm 1 comment

Fiserv, a leading banking technology company, has signed on as the headline Diamond sponsor of Bank Innovation 2017. Bank Innovation 2017 is this blog’s annual gathering on ideas and opportunities in fintech. The sixth annual Bank Innovation will take place March 6-7 in Silicon Valley, at the Glasshouse in SanRead More

For Aggregation Service, Lloyds May Use PSD2

For Aggregation Service, Lloyds May Use PSD2

by December 6, 2016 at 2:00 pm 0 comments

Regulation — yes, regulation — appears to pushing European banks to innovation, but perhaps not in ways anticipated by regulators. Lloyds Banking Group is considering an account aggregation service that would allow its consumers to pull in data from other financial institutions. While the plans appear to be at theRead More

Meet INV Fintech’s New Class of Startups

Meet INV Fintech’s New Class of Startups

by December 6, 2016 at 12:45 pm 0 comments

INV Fintech, the sister accelerator to this site, is pleased to announce its second class of startups, in its Fall session, which begins this week. The five companies, selected from more than 100 startups applicants from across the globe, are: Debitize Grain Paymentpie Saldo.mx SnapCheck The companies, chosen after aRead More

People Will Walk a Mile for Good Advice, BofA CEO Says

People Will Walk a Mile for Good Advice, BofA CEO Says

by December 6, 2016 at 11:53 am 0 comments

With all the gadgets, instant payments and mobile functionality, going to a branch sounds so 2012, right? Yes, unless you are going for something more than just depositing a check. “People will go a mile for a good advice,” Brian Moynihan, chairman and CEO of Bank of America said at theRead More

PPRO Group, Vantiv Partner on Alternative Global Payments for Merchants

PPRO Group, Vantiv Partner on Alternative Global Payments for Merchants

by December 6, 2016 at 11:08 am 0 comments

Cross-border payment provider PPRO Group has just partnered with payment processor  Vantiv in order to enable U.S. merchants to offer the perfect method of payment for international e-commerce transfers. “Vantiv has got a significant presence in the e-commerce market, and [we] wanted to maximize convergence,” says Simon Black, CEO of theRead More

The Franchise Opportunity in Financial Services [SPONSORED]

The Franchise Opportunity in Financial Services [SPONSORED]

by December 5, 2016 at 4:28 pm 1 comment

If you take a survey of people on the street to name a franchise, not only will you probably get a 100% response, but you will also probably get the same response from the vast majority of individuals. That response being a certain fast food outlet that has golden archesRead More

TD for Me, TD Bank’s ‘Digital Concierge,’ Nears 1 Million Users

TD for Me, TD Bank’s ‘Digital Concierge,’ Nears 1 Million Users

by December 5, 2016 at 2:37 pm 1 comment

In September, TD Bank launched TD for Me, which the bank describes on an FAQ page as “a digital concierge that allows customers to opt into a service that sends real time notifications about special offers and nearby events.” TD for Me lives in the TD Bank app but requires usersRead More

Start Working on Your Submissions to Get Those Bank Charters, Fintechs

Start Working on Your Submissions to Get Those Bank Charters, Fintechs

by December 5, 2016 at 12:39 pm 0 comments

The Office of the Comptroller of the Currency has made its decision; it is now “up to the fintechs” to gather and submit applications for a banking license, an OCC spokesman told Bank Innovation. In his announcement Friday, Thomas Curry, Comptroller of the Currency said that the OCC will begin “considering” applicationsRead More

Customers Don’t Prefer Chatbots Over Humans Yet—But They Will, Says Survey

Customers Don’t Prefer Chatbots Over Humans Yet—But They Will, Says Survey

by December 5, 2016 at 12:31 pm 0 comments

Consumers aren’t quite at the point where they prefer chatbots to humans—but according to a new study conducted by enterprise software company Aspect, that could very soon change. According to the company’s 2016 Consumer Experience Index, it’s nearly a fifty-fifty split: 44% of the survey respondents indicated that they wouldRead More