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BankMobile to Open ‘Franchises’ on College Campuses

BankMobile to Open ‘Franchises’ on College Campuses

by May 26, 2015 at 10:43 am 2 comments

No, BankMobile, the mobile-only bank targeting millennials, is not opening any branches. It’s doing something much more interesting. The bank, a brand of Customers Bank, a $6.8 billion institution based in Wyomissing, Pa., has already begun an intensive initiative this spring and summer to attract college students to the brand, Chief Strategy Officer Luvleen SidhuRead More

Steering Committee for Faster Payments Initiative Selected

Steering Committee for Faster Payments Initiative Selected

by May 26, 2015 at 10:30 am 0 comments

The Federal Reserve Bank of Chicago announced the election results for the Faster Payments Task Force Steering Committee Friday. The Task Force members will convene regularly to discuss the Federal Reserve’s ongoing initiative to bring faster payments to the U.S. In making the announcement, the Chicago Fed said the steeringRead More

The Great Fintech Rebundling

The Great Fintech Rebundling

by May 26, 2015 at 1:35 am 1 comment

You know all those cool infographics of the Unbundling of a Bank with lots of startup logos? The Great Fintech Unbundling also looks like this: Rebundling usually follows Unbundling in the tech business and looks like this: Some people care about music technology. I had pals at University who would obsessRead More

Hedge Funds can’t hide from the Fintech swirls

by May 25, 2015 at 4:12 am 0 comments

By Efi Pylarinou JP Morgan put out an opinion that hedge fund return volatility has been dampened after the crisis and that the risk/return profile of hedge funds is closer to bonds rather than stocks. One way to explain this is that hedge funds have only been catering to large institutions (like pension funds and…Read more Hedge Funds can’t hide from the Fintech swirls

Top 5 Reasons to Read Ron Shevlin’s New(ish) Book

Top 5 Reasons to Read Ron Shevlin’s New(ish) Book

by May 22, 2015 at 11:28 am 1 comment

In a sense, if you’ve been reading Ron Shevlin’s Snarketing 2.0 blog, now part of The Financial Brand, you have already read his book Smarter Bank, published Jan. 30. Much of the material is familiar, but lacking the vibrant comment section that followed those online posts. So why would anyone in FinTechRead More

Dubious and Disturbing ‘Pay to Play’ in FinTech Media

Dubious and Disturbing ‘Pay to Play’ in FinTech Media

by May 22, 2015 at 10:58 am 2 comments

This week, Columbia University Graduate School of Journalism, my alma mater, graduated its latest class of students. The graduation had me thinking about journalism and media ethics, and that led me to call for a public outcry over the ever-increasing “pay to play” media in fintech. You may not know this (or maybeRead More

Blockchain-Based Digital Identity Will Disrupt Commerce and Government

by May 22, 2015 at 1:46 am 0 comments

Digital Identity is such a thorny problem, fraught with technical, legal, societal and political issues, because there are two different interrelated issues: Proving that you are who you say you are (aka access control). Control over your Personally Identifiable Information (PII). Proving that you are who you say you areRead More

Venture Funding for FinTech Climbs 62% YOY, New Data Shows

Venture Funding for FinTech Climbs 62% YOY, New Data Shows

by May 21, 2015 at 11:49 am 0 comments

FinTech venture funding continues to increase. A total of $520 million was invested in financial services startups last quarter, up from $289 million during the last quarter of 2014 and $321 million, in the same quarter last year — a 62% year-over-year increase — according to new data from PricewaterhouseCoopers’s MoneyTreeRead More

Zenefits, Free-to-Use HR Software That’s Upsetting the Health Insurance Brokers

by May 21, 2015 at 3:00 am 0 comments

By Rick Huckstep About a week ago, as I was going through my daily routine of catching up on news stories and shifting through numerous blog posts, I was drawn to the article by Jim Bruene on Finovate entitled FinTech Unicorn List: 36 companies + 34 closing in. In theRead More

BankMobile Offers ‘VIP Experience’ to Lure Millennials

BankMobile Offers ‘VIP Experience’ to Lure Millennials

by May 20, 2015 at 5:16 pm 0 comments

Customers depositing $1,500 a month into their BankMobile accounts will automatically qualify for a VIP service, which includes refunding all ATM fees incurred, and access to a financial coach, the company announced today. The move signals the bank’s need for deposits and depositors. BankMobile’s explicit target group is millennials, but theyRead More

Convergence Coming to Mobile Payments and Commerce [VIDEO]

by May 20, 2015 at 10:49 am 1 comment

IBM Banking offers some concrete examples for banks hoping to compete and differentiate in mobile payments, and participate in adding value around mobile transactions.