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Breaking Banks: Brett at CES

Breaking Banks: Brett at CES

by January 20, 2017 at 4:10 pm 0 comments

In this episode of Breaking Banks, host Brett King reports from the CES 2017 conference. He talks to bestselling author (and former Apple Chief Evangelist) Guy Kawasaki; Robert Scoble; Michael Hafner, head of Mercedes Benz autonomous and assisted driving systems; Melisa Cefkin, principal scientist for Nissan Research Centre; and Itoki Fujita, who developsRead More

Millennials Are Ready for the Bank of Amazon

Millennials Are Ready for the Bank of Amazon

by January 20, 2017 at 1:47 pm 0 comments

Amazon wins, once again, at a game it didn’t even know it was playing. According to a Jan. 11 survey from Accenture, millennial participants would consider parking their money with nontraditional institutions, and they picked winners. Attractive alt-banking contestants included Apple and Facebook, but it was Google, and of course, Amazon,Read More

BMO Harris Just Launched Three Wallets

BMO Harris Just Launched Three Wallets

by January 20, 2017 at 12:38 pm 0 comments

Just when you thought the digital wallet craze was left behind in 2016, in comes BMO with three new wallets. The bank launched BMO Harris Bank Masterpass – a Mastercard-branded wallet – as well as Android Pay and Samsung Pay yesterday for “select” credit and debit cards. The wallets areRead More

Bitcoin Bursts onto NYSE in $500 Million IPO

Bitcoin Bursts onto NYSE in $500 Million IPO

by January 20, 2017 at 12:11 pm 0 comments

Start the line now, people—bitcoin is now available on the New York Stock Exchange. Grayscale Investments, a New York based subsidiary of Digital Currency Group, today filed to list its fund, Bitcoin Investment Trust (look for GBTC on the NYSE), on the exchange for a public offering of $500 million.Read More

5 Fintechs You (Probably) Should Know By Now

5 Fintechs You (Probably) Should Know By Now

by January 19, 2017 at 12:39 pm 1 comment

Yes, it is almost impossible to keep tabs on all the new entrants of the wonderful world of fintech. But taking it one step (or five) at a time, should be enough to keep you up to date for many of the latest trends in the space. So, if you areRead More

Top 20 Finance Apps: TurboTax Shoots to Top of the Charts

Top 20 Finance Apps: TurboTax Shoots to Top of the Charts

by January 19, 2017 at 11:53 am 1 comment

It turns out taxes were popular this week. While Credit Karma (still) remained the top finance app for both the iOS and Google Play charts today, the TurboTax Tax Return app is not far behind. The TurboTax app is currently ranked second on the Google Play charts and third forRead More

Zelle Will Put Customers Back in Banks’ Hands, PNC CEO Says

Zelle Will Put Customers Back in Banks’ Hands, PNC CEO Says

by January 19, 2017 at 11:14 am 0 comments

Zelle, the peer-to-peer payments platform formerly known as clearXchange, will put customers back in banks’ hands, PNC CEO Bill Demchak said Friday. P2P has been a notable success of nonbank players such as PayPal, which offers a host of consumer-facing payments products, perhaps most notably Venmo. In October, PayPal CEORead More

SoFi, Coinbase Get the Green Light to Operate in New York

SoFi, Coinbase Get the Green Light to Operate in New York

by January 19, 2017 at 10:09 am 0 comments

Ah, New York: If you can make it here, you can make it anywhere, but to even try, you need a license. Luckily, SoFi and Coinbase just got theirs. After waiting a year, the lender SoFi received the thumbs up to operate in New York, CFO Michael Tannenbaum said recently.Read More

Trust, Not Tech, Is Fintech’s Advantage Vs. the Banks

Trust, Not Tech, Is Fintech’s Advantage Vs. the Banks

by January 18, 2017 at 3:23 pm 1 comment

When it comes to banks, only 26% of Americans strongly agreed with the statement that banks had their best interests in mind, according to a recent report conducted by Salesforce—and, unfortunately, the survey respondents do not seem to be distinguishing between banking and fintech. According to the report, fewer thanRead More

Coinbase vs. the IRS: The Privacy Battle Rages On

Coinbase vs. the IRS: The Privacy Battle Rages On

by January 18, 2017 at 11:31 am 1 comment

Digital currency exchange Coinbase obtained a BitLicense from the New York Department of Financial Services, a grant that officially authorizes the exchange to operate (that is, to receive and transmit money and virtual currency) within the Empire State. Announcing the license, Coinbase wrote on the company’s blog: We believe theRead More