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Apple Pay, Samsung Pay, Android Pay: What This Means for Banks

by August 3, 2015 at 12:17 pm 0 comments

Over the past 25 years digital disruption has been occurring, but nowhere are these disruptions felt the hardest than by banks. Large established bank institutions are leading the charge.

Digital Customers at BBVA Hit 30% of Total

Digital Customers at BBVA Hit 30% of Total

by August 3, 2015 at 11:11 am 0 comments

BBVA is continuing its march to digitalization. The Spanish bank, among the world’s most aggressive in pursuing a digital strategy, now counts 30% — or 13.5 million — of its active customers as digital consumers, BBVA revealed Friday. Carlos Torres, chief operating officer and president, told investors that BBVA’s “exponentialRead More

1 Second Delay in Transaction Time Costs 12 Customers, Braintree Says

1 Second Delay in Transaction Time Costs 12 Customers, Braintree Says

by August 3, 2015 at 11:08 am 0 comments

Slower transaction times mean lost customers and lost revenue. Literally. Tyson Hackwood, head of Asia for PayPal subsidiary Braintree, said recently that reducing friction in the payment process is a key to payments success, which not exactly a secret. But he added in the video below that for every second a paymentRead More

Top 5 Fintech Rounds: India Reigns Supreme

Top 5 Fintech Rounds: India Reigns Supreme

by August 3, 2015 at 11:01 am 0 comments

India is so hot in fintech funding right now. Two Indian, two Chinese, and one American company make up this week’s list. Online retail and short-term financing were the top venture draws. Flipkart, $700 Million – Flipkart is an online store for the Indian market that offers over 20 million products acrossRead More

Thinknum, value investing and alpha generation via XBRL and Open graph.

by August 3, 2015 at 4:51 am 0 comments

By Efi Pylarinou Thinknum is a US based Fintech company that uses XBRL technology to add value to financial analysis. Bloomberg, the dominant brand name that has been the big provider of financial data and financial analysis tools for two decades. Thinknum is not competing with the giant but complementingRead More

Terminal Alternatives Emerge with Xignite, NexChange

Terminal Alternatives Emerge with Xignite, NexChange

by July 31, 2015 at 12:11 pm 0 comments

Bloomberg terminals, which provide data feeds to financial services professionals, are a $7 to $8 billion business. The entire terminal business is about $15 billion. No wonder, then, that FinTech innovators are anxious to take a bite out of that. Bloomberg terminals contain two key components: the aforementioned data feed, andRead More

Happy Birthday, Switzerland, where Wealth Management 2.0 is being built on transparency

Happy Birthday, Switzerland, where Wealth Management 2.0 is being built on transparency

by July 31, 2015 at 1:18 am 0 comments

Tomorrow is Swiss National Day. I feel very lucky to be living in this wonderful country and to be celebrating the birthday up in those glorious Swiss mountains. I think Switzerland is becoming one of the world’s major Fintech Hubs. I have to be careful not to take sides inRead More

Synchrony Provisioning for Samsung, Google and CurrentC in the Works

Synchrony Provisioning for Samsung, Google and CurrentC in the Works

by July 30, 2015 at 1:05 pm 0 comments

Synchrony Financial is actively engaged in the work to allow its cards to run through Samsung Pay, Android Pay and CurrentC, Bank Innovation has learned. Carol Juel, chief information officer of Synchrony, the nation’s largest private-label credit card issuer, told Bank Innovation today that the Samsung Pay functionality, for example, shouldRead More

Wells Fargo Shoots For Innovation Headcount of 130

Wells Fargo Shoots For Innovation Headcount of 130

by July 30, 2015 at 12:56 pm 2 comments

Catherine Bessant, Bank of America’s chief technology officer, recently said that innovation labs were not in the cards for her company because anything that only brings a 10% return can’t be taken seriously. That position apparently has not been embraced at Wells Fargo & Co. The innovation operation at SanRead More

What To Do About Structuring

by July 30, 2015 at 7:00 am 0 comments

Did they just structure?……One of the most subjective matters in compliance with the Bank Secrecy Act is determining “What is structuring?” The general public is fully aware that a “magic…

MicroEnsure – providing cover for the under-insured mass markets in Africa

MicroEnsure – providing cover for the under-insured mass markets in Africa

by July 30, 2015 at 2:01 am 0 comments

By Rick Huckstep Africa! A continent that occupies one fifth of the world’s land mass and home to over 1 billion people, half of them under the age of 20. A continent of 54 sovereign states, well over 1,000 languages and as diverse a continent as any on Earth. Africa straddles the equator and is…Read more MicroEnsure – providing cover for the under-insured mass markets in Africa