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14 Surprising Services Offered at Banks in Europe

14 Surprising Services Offered at Banks in Europe

by February 22, 2017 at 2:26 pm 0 comments

We will not argue about whose banking system is the best in the world. There are different factors to consider for each market, so that it is difficult to establish a ranking. (In addition, it would be a boring task.) But consider the following question. Given the present rate ofRead More

Here Is How to Build (And Maintain) Your Innovation Team

Here Is How to Build (And Maintain) Your Innovation Team

by February 22, 2017 at 11:51 am 0 comments

Innovation groups are a relatively recent, but an increasingly important, addition to traditional bank structures. FIs employ different approaches when forming those teams: some banks have full-time, devoted engineers and technologists, while others source their existing employee-base to bring in a mixture of expertise from different departments. Whatever the approach is,Read More

Generation EQ, Exterieur

Blockchain Is Coming to the Auto Industry, and Not Just for Financing

by February 22, 2017 at 11:04 am 0 comments

Hyperledger Project – the cross-industry effort for the advancement of blockchain technology – enlisted a new member, but it’s not your usual bank or tech firm this time. Daimler AG — the parent company of Mercedes Benz — joined the project yesterday as a “Premier” member to “collaborate with aRead More

8 Fintechs That Made the Cut at PitchIt

8 Fintechs That Made the Cut at PitchIt

by February 22, 2017 at 9:37 am 0 comments

Lendit and 500 Startups have announced the eight finalists for their PitchIt competition, which will occur at the annual LendIt conference next month. The eight fintechs chosen to compete for mentorship (among other perks) from top companies like Plug & Play Ventures, InnoVentures, and StartupBootcamp span various corners of fintech, from onlineRead More

We Sent Money to the U.K. with TransferWise Messenger Bot, Here’s What Happened

We Sent Money to the U.K. with TransferWise Messenger Bot, Here’s What Happened

by February 21, 2017 at 12:51 pm 0 comments

Facebook Messenger’s chatbot horde just got a new member: Say hello to the TransferWise Bot. The U.K.-based TransferWise now allows users to make international transfers through a Messenger bot, which the unicorn developed through its pre-existing API. Currently, the bot lets users send money to and from the U.S., the U.K., Australia, Europe, andRead More

Kakao Investment Points To Offline Push for Ant Financial

Kakao Investment Points To Offline Push for Ant Financial

by February 21, 2017 at 12:46 pm 0 comments

In yet another installment of Ant Financial’s global expansion master plan, the company today announced a $200 million investment in Kakao Pay — a soon-to-launch fintech subsidiary of South Korea’s Kakao Corp. Through the deal, Ant will offer its digital financial services to Kakao Pay’s 14 million members, for starters:Read More

Breaking Banks: Fintech Helping the Refugee Crisis

Breaking Banks: Fintech Helping the Refugee Crisis

by February 21, 2017 at 11:00 am 0 comments

In this episode of Breaking Banks Brett King, Marc Hochstein of American Banker, and Peter Renton, founder of LendIt Academy, talk about the upcoming Digital Identity Crisis Webinar, the LendIt Conference at the Javits Center in NYC, and the proposed Fintech Charter, and what that can mean for changes inRead More

Starling Bank Integrates API into Google Home [VIDEO]

Starling Bank Integrates API into Google Home [VIDEO]

by February 20, 2017 at 4:10 pm 1 comment

Mobile-first Starling Bank released a video today showing off an integration of its API with a Google Home device. The feature is not available for Starling customers yet, though it’s coming, according to Megan Caywood, chief platform officer at Starling Bank.  Caywood told Bank Innovation: Voice features are primarily goingRead More

U.S. Bank Wants To Remove Passwords From Login in 2017

U.S. Bank Wants To Remove Passwords From Login in 2017

by February 20, 2017 at 11:46 am 0 comments

Customer authentication processes at banks have evolved from mere security questions and “date-of-birth” kind of passwords. Biometrics and behavioral analytics are taking over banking apps for good, and U.S. Bank, recognizing that, has set a target: removing passwords “altogether” from the login process, and laying the groundwork for that inRead More

China No. 1 for Fintech Funding, But It Is Not Doing Much Investing

China No. 1 for Fintech Funding, But It Is Not Doing Much Investing

by February 20, 2017 at 11:37 am 0 comments

China may have taken the top spot in 2016 fintech funding, but it wasn’t the one doing most of the investing. While China claimed nearly $8 billion of the total $17.4 billion invested across the world, according to a report by U.K-based Innovate Finance, the top fintech investor for the yearRead More