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Green Dot’s Great Big Banking Ambitions

Green Dot’s Great Big Banking Ambitions

by October 31, 2014 at 11:29 am 0 comments

Green Dot may become one of the nation’s largest banks, CEO Steve Streit said in the prepaid company’s 3Q earnings call yesterday. Prepaid veteran Green Dot’s banking ambitions extend far beyond its GoBank product, which now sits beside Bluebird and other prepaid cards and alternative checking account offerings on the shelf at Walmart.

8 reasons Compliance keeps bankers, Fintech upstarts “up at night”

8 reasons Compliance keeps bankers, Fintech upstarts “up at night”

by October 31, 2014 at 3:50 am 0 comments

Compliance is a big ugly problem and it’s getting worse and nobody has nailed it yet. That should have entrepreneurs salivating. Investors say, “show me compliance deals”. Bankers say, “show me a solution”. Startup founders say, “we must spend our precious cash on lawyers and regulatory experts”. Nobody loves compliance. Everybody hates compliance. So it’s […]

MasterCard Scoring Most of China UnionPay Payments

MasterCard Scoring Most of China UnionPay Payments

by October 30, 2014 at 5:41 pm 0 comments

Everyone is angling to work with China UnionPay, the government monopoly card that is the only interbank card network in the country — buy MasterCard CEO Ajay Banga said today that his company is winning “90-plus%” of the business.

Dwolla Moves Deeper into Commercial with BBVA Deal

Dwolla Moves Deeper into Commercial with BBVA Deal

by October 30, 2014 at 4:54 pm 0 comments

Dwolla and BBVA Compass’ recent announcement of a partnership to bring realtime payments to BBVA customers brings Dwolla’s new role into sharp relief, which is that Dwolla is not a P2P company, it is a B2B company.

Disrupting Auto Finance

by October 30, 2014 at 2:55 pm 0 comments

Last year, I woke up to the sleeping giant of auto finance. Over the last decade, we’ve witnessed an explosion of startups building software that dramatically cuts inefficiencies in the exchange of information, goods, and services – disrupting industry incumbents in the process. In the last year, Silicon Valley is finally turning its attention to […]

Square, Venmo ‘Simpler’ Than Banks

Square, Venmo ‘Simpler’ Than Banks

by October 30, 2014 at 11:20 am 1 comment

A new study on brand simplicity has ranked “financial disruptors” higher — as in simpler — than traditional banks.

Consumers Who Make Daily Mobile Payments Quadruples in 2 Years

Consumers Who Make Daily Mobile Payments Quadruples in 2 Years

by October 30, 2014 at 10:23 am 0 comments

The percentage of the consumers who make daily mobile payments has quadrupled since 2012, according to new data. According to the Accenture data, 4% of the world’s consumers are currently making daily mobile payments. In 2012, but 1% of consumers did so.

Two more things that London needs to become the Fintech Capital of the world.

Two more things that London needs to become the Fintech Capital of the world.

by October 30, 2014 at 3:37 am 0 comments

Bitcoin is the most fundamental innovation driving Fintech and I have already opined why London is emerging as the Bitcoin Capital of the world. However Bitcoin and the Blockchain (and Sidechains) are the bottom of the tech stack. What matters is, who will build multi-$ billion enduring Fintech startups (which may or may not use […]

Personal Capital, Cardlytics Score Massive Funding

by October 29, 2014 at 5:27 pm 0 comments

The money is still flowing into FInTech startups. Two veteran players, Personal Capital and Cardlytics, both scored big today with funding rounds of $50 million and $70 million, respectively.

BofA Scores 150K Sign Ups for Apple Pay ‘in First 24 Hours’ [VIDEO]

by October 29, 2014 at 1:15 pm 0 comments

The number of Apple Pay sign ups have been “staggering,” Bank of America CEO Brian Moynihan says.

MCX Must Get to Market Soon or Risk Defections

MCX Must Get to Market Soon or Risk Defections

by October 29, 2014 at 11:26 am 1 comment

The so-called payments war between MCX/CurrentC and Apple Pay is reaching a fever pitch — but one of the fighters hasn’t even shown up on the field, yet.