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API Initiatives at Banks Held Back by Bureaucracy, Survey Shows

API Initiatives at Banks Held Back by Bureaucracy, Survey Shows

by May 1, 2015 at 11:06 am 1 comment

APIs — application programming interfaces — allow banks to create ecosystems of innovative products and technologies. Sounds good — but what prevents banks from launching initiatives to open their APIs? According to new research from Bank Innovation and the OpenBankProject, the primary obstacle is corporate culture and bureaucracy. More than 62% ofRead More

Amex’s Plenti Rewards Program Launches Next Week

Amex’s Plenti Rewards Program Launches Next Week

by May 1, 2015 at 10:24 am 1 comment

Plenti, the new American Express rewards program for a selection of major brands, will kick off on May 4. The rewards program serves AT&T, ExxonMobil, Macy’s, Nationwide, Rite Aid, Direct Energy and Hulu. The interesting thing about Plenti — and why is deserves our mention — is that it lets consumersRead More

The Norwegian Fintech Scene is Growing

The Norwegian Fintech Scene is Growing

by May 1, 2015 at 2:18 am 0 comments

This is a guest post by Christoffer O. Hernæs which was originally published on his blog As fintech is becoming a hot topic with venture investments tripling from 2008 through 2013 and in 2014 $102 billion in financial activity was observed across a variety of investment types. Norway is also starting toRead More

Antiquated, hand-stamped bank receipts still abound in China.

Circle Misses the Mark on China

by April 30, 2015 at 10:53 am 1 comment

In announcing that it had raised $50 million of venture funding, Circle extolled China’s status as a font of innovation. “China is today the center of innovation in mobile apps and digital finance,” Circle wrote in its press release. Well, not exactly. I returned yesterday from my second trip in asRead More

Circle Bets on the Blockchain with Latest Funding

Circle Bets on the Blockchain with Latest Funding

by April 30, 2015 at 10:45 am 1 comment

Circle just raised $50 million, but we’re guessing it didn’t rush to convert those dollars to bitcoins. Circle has perhaps the slickest user experience of the many bitcoin-related startups that blossomed in the last few years. As a consumer play for using bitcoins, Circle is as good as it gets.Read More

Abaris – making the comparison of income annuities a simple and easy process

by April 30, 2015 at 2:07 am 0 comments

By Rick Huckstep For many workers approaching retirement age, they are faced with making complex, jargon-riddled decisions that will impact the quality of their remaining lifetime, for better or for worse! Their financial assets accumulated over a forty-year or so period must now be put to work. With the averageRead More

Western Union Will Give Ripple a Chance

Western Union Will Give Ripple a Chance

by April 29, 2015 at 11:11 am 7 comments

News broke yesterday at the Milken Institute’s Global Conference 2015 that Western Union is planning an “experiment” with Ripple Labs, the group behind the Ripple protocol. In Oct. 2013, when Ripple struck a deal with the money transfer service ZipZap, it was called a threat to Western Union. At that time, Western UnionRead More

Corporate Banking is mostly Traditional Fintech but disruption is coming via Blockchain

by April 29, 2015 at 2:21 am 0 comments

Banks serve Consumers and Corporates. (Banks don’t know how to service Small Business but that is another story). In this post I want to focus on Corporates (Global 2000). This includes; Debt (and maybe equity but that is more the domain of high growth ventures). Banks lend from their ownRead More

Apple Pay Scores Big Wins with Best Buy, Discover

Apple Pay Scores Big Wins with Best Buy, Discover

by April 28, 2015 at 11:50 am 0 comments

Best Buy and Discover just moved into Apple Pay’s camp. Could these wins for Apple Pay mean that Cupertino is emerging as the winner in mobile payments and that more players, particularly major merchants, will inevitably follow? Not necessarily, but that doesn’t mean they’re not big deals. The addition of DiscoverRead More

Lone trader flash crash story – replacing brokers is killer app of Blockchain

by April 28, 2015 at 2:18 am 0 comments

Did one high frequency trader in London – the guy in his pajamas in a suburban home – single handedly nearly bring down the global equities markets in the May 2010 Flash Crash? TL:DR – the broker model is dead. The broker model is the heart of what we call WallRead More

Most ‘Bitcoin Cloudmining Operations’ Are Ponzi Schemes

Most ‘Bitcoin Cloudmining Operations’ Are Ponzi Schemes

by April 27, 2015 at 11:56 am 0 comments

Hey buddy, wanna buy some bitcoins? It’s buyer-beware in the world of bitcoin cloudmining, with as many as 75% of those purporting to provide the service being fraudulent, according to a bitcoin mining industry expert. Cloudmining allows users to invest money up front in mining operations and get bitcoins out the backendRead More