Articles by: Grace Noto

Santander U.K. Adds P2P Voice Payments to Its App

Santander U.K. Adds P2P Voice Payments to Its App

by February 13, 2017 at 11:50 am 1 comment

Tired of having to transfer money using an infinite number of smartphone taps? Banks are starting to fix that. Santander is continuing its dive into voice-based features, by rolling out voice payments capabilities to its app, the bank said this morning. The feature is currently available on the bank’s SmartBank appRead More

What’s the Future of Chatbots? Listen to Experts

What’s the Future of Chatbots? Listen to Experts

by February 10, 2017 at 4:49 pm 1 comment

Chatbots and AI—what makes them so engaging? How can banks and FIs utilize bots to improve the relationship with consumers, while driving engagement? This was the penultimate question during the Bank Innovation Twitter Chat today. We’ve summarized some of the best responses, and most intriguing questions, below. Experts weighed in on whatRead More

Wells Fargo Gets New Focus on Innovation, AI

Wells Fargo Gets New Focus on Innovation, AI

by February 10, 2017 at 12:31 pm 1 comment

What is the best application of AI for financial  institutions? Wells Fargo is set to find out. The bank announced the launch of a new team today, dubbed the Artificial Intelligence Enterprise Solutions group, which will focus its efforts on AI (as the name suggests). The group is part of an effortRead More

Halted BTC Exchanges Could Lead to Chinese Mt. Gox

Halted BTC Exchanges Could Lead to Chinese Mt. Gox

by February 9, 2017 at 11:40 am 1 comment

Bitcoin $1K is no more — this barely a day after three of the most popular currency exchanges issued statements warning users against exchanging with the currency. The exchanges BTCC, OkCoin, and Huobi issued identical statements on their sites warning users of the high risk of bitcoin and citing theirRead More

Bank Branches of the Future Are Already Here, BofA Says

Bank Branches of the Future Are Already Here, BofA Says

by February 8, 2017 at 11:56 am 1 comment

The future of the bank branch has arrived, and it all starts in Minneapolis (and Denver). Dean Athanasia, co-head of the consumer banking unit for Bank of America, said during an investor conference on Tuesday: We’ve got completely virtual branches with people and completely automated branches, we’re testing, we’ve gotRead More

PayPal Launches P2P Bot For Slack [VIDEO]

PayPal Launches P2P Bot For Slack [VIDEO]

by February 7, 2017 at 12:39 pm 1 comment

A new bot is born. PayPal today announced a chatbot that customers can use for P2P payments. But unlike the host of other companies, which have chosen to launch on the chatbot-heavy Facebook Messenger platform, PayPal’s bot will be hosted on Slack. The baby unicorn—Slack was founded in 2009 andRead More

Pay with Amazon Figures Highlights Importance of Prime Users

Pay with Amazon Figures Highlights Importance of Prime Users

by February 7, 2017 at 12:35 pm 1 comment

Those claiming subscription models can’t work in the digital age are probably ignoring Amazon Prime. The Pay with Amazon numbers are out today, and are of course climbing, an unsurprising development considering the majority of consumers that use it—which currently weigh in at 33 million—happen to be members of Amazon’sRead More

Tramonex Labs To Use Smart Contracts for Cross-Currency Money Transfer

Tramonex Labs To Use Smart Contracts for Cross-Currency Money Transfer

by February 6, 2017 at 12:55 pm 1 comment

Regulators are waking up to the potential of blockchain, just in time for the rise of smart contracts. Tramonex Labs, a London-based fintech, has announced today that it has been granted a registration as a Small Electronic Money Institution with the Bank of England Financial Services Register, or FCA.  The companyRead More

Meet the New Technologies Demoing at Bank Innovation 2017

Meet the New Technologies Demoing at Bank Innovation 2017

by February 6, 2017 at 11:28 am 0 comments

Companies from a wide range of fintech are finalists in the demo contest at Bank Innovation 2017, the event announced today. The finalists were chosen from applicants from around the world. A total of 12 companies will demo at Bank Innovation. The winning startup will be named Best in Show.Read More

Even Visa Thinks There Are Too Many Mobile Wallets

Even Visa Thinks There Are Too Many Mobile Wallets

by February 3, 2017 at 11:05 am 1 comment

PayPal, Venmo, Google Wallet, Apple Pay, IBM Pay, Walmart Pay, Samsung Pay—the mobile wallet market just keeps on going and going, but according to Visa’s new CEO, that’s not necessarily what consumers want. Alfred F. Kelly, Visa’s new CEO, said on the company’s earnings call on Feb. 2: My personal viewRead More