N26, the German banking startup that has been called the Simple of Europe, announced that it had been granted a banking charter last week. Wasting no time, the company announced today it has added investment services to the account through a partnership with the roboadvisor vaamo. This pairing of servicesRead More
July 26, 2016
July 25, 2016
July 25, 2016
July 22, 2016
This episode of Breaking Banks centers on the Startupbootcamp FinTech Demo Day that took place last week in New York. Host Brett King spoke to Jesse Podell, who MC’d the event, and Nektarios Liolios, the founder of Startupbootcamp Fintech.
Regions Bank tied with Amazon.com in a recent ranking of web experiences. How does a super-regional bank match the efforts of one the most sophisticated digital companies in the world, one that obsesses over customer experience? “Our customers ask for the same thing they did 20 years ago,” Andy Hernandez, EVP and headRead More
Watch out payments industry, Silicon Valley Bank is coming. The bank for startups — officially named SVB Financial Group — said last Friday that it was boning up its payments infrastructure and services by “leveraging strategic partnerships to offer scalable and sustainable payment solutions to our clients, at every stage ofRead More
PayPal‘s partnership with Visa is only the beginning, according to CEO Dan Schulman. The payments industry was awash in rumors of a PayPal-Visa partnership this week, and yesterday, when both companies reporting their Q2 earnings, the rumor was shown to be true. Exact terms of the deal were not disclosed.Read More
When Lending Club did its IPO in December 2014 I declared it as the Netscape moment for Fintech (when it became conventional wisdom that this was going to change the world). I could be accused of contributing to the Fintech hype, which became intense in 2015 with investors flooding intoRead More
When Visa CEO Charlie Scharf said his company would “go after PayPal in ways that people have never seen before,” he apparently meant he was pursuing a partnership. That deal was announced today, and means Visa will get access to PayPal payment processing and Venmo, and essentially become the preferred payment typeRead More
Host Liz Lumley takes a look at InsurTech and speaks to Ofer Deshe, CEO of Tobias & Tobias, David Stubbs, CEO of RightIndem, and Risto Rossar, CEO of Insly.
The first video banking call crossing the Atlantic took place this week. A new virtual assistant (TouchAssist) and a new personal finance chatbot (Trim) both launched yesterday. Facebook Messenger recently reached 1 billion users — and 18,000 bots. There are more ways for customers to talk to banks than everRead More
While the headline out of American Express‘s earnings yesterday was the $1 billion of gain from the sale of its Costco Wholesale Corp. credit portfolio, the underlying story — at least from an innovation perspective — was the continued increase in technology spending at the payments giant. Amex records itsRead More