Articles by: Grace Noto

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

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

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

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

New York vs OCC: Let’s Think of the Children

New York vs OCC: Let’s Think of the Children

by February 17, 2017 at 3:31 pm 0 comments

The Empire State really wants to be in charge of the fintech sandbox—and it wants the OCC out already. In his recent 2017 budget proposal, Governor Andrew Cuomo outlined a few changes that might be in store for New York State fintechs, particularly online lenders. These changes include expanding theRead More

Wells Fargo: More Mobile Users, Fewer Credit Cards

Wells Fargo: More Mobile Users, Fewer Credit Cards

by February 17, 2017 at 12:29 pm 0 comments

Wells Fargo’s mobile user numbers are higher than ever—but that’s not thanks to new activity by consumers. According to the retail banking numbers the banks released today for the month of January, its customers aren’t opening as many accounts—are, in fact, closing more of them—and aren’t applying for as manyRead More

Visa, IBM Partnership Is a Leap Forward for Cashless

Visa, IBM Partnership Is a Leap Forward for Cashless

by February 16, 2017 at 4:47 pm 1 comment

Behold, the rise of IoT—plus, the rise of the cashless economy? Visa, the payment processor responsible for over half of the world’s electronic transactions, will be integrating its credit card tokenization technology with Watson’s Internet of Things network. Watson is the crown jewel of IBM’s work in artificial intelligence, forRead More

Banks Build a New Standard for Cross-Border With SWIFT (And Not Blockchain)

Banks Build a New Standard for Cross-Border With SWIFT (And Not Blockchain)

by February 16, 2017 at 11:45 am 0 comments

Cross-border payments are getting an update—but banks are keeping blockchain in the blockchain labs. Instead of distributed ledger technology, banks like Citi, Wells Fargo, and BBVA, are looking to projects like SWIFT’s global payments innovation service — or gpi — which went live today, following its January launch. “If [theRead More

Consumers Use Mobile Banking, Just Not for Money Transfers

Consumers Use Mobile Banking, Just Not for Money Transfers

by February 16, 2017 at 10:30 am 0 comments

Despite all the digital efforts from financial institutions, consumers still don’t make use of their in-app money transfer functions. According to the February Monkey Insights report released by Malauzai Software, 100% of active users on mobile check their balance, but only about 16% of them transfer money. Is that reallyRead More