Articles by: JJ Hornblass

Is Xoom Worth $890 Million?

Is Xoom Worth $890 Million?

by July 2, 2015 at 11:51 am 0 comments

Did PayPay pay too much for Xoom yesterday? The purchase price of $890 million put a 25% premium on Xoom’s stock price, which has been on a torrid climb since April. That’s $890 million for a company that lost money last quarter. So why would PayPal give Xoom shareholders soRead More

How E-Signatures Enable Remote Account Openings [SPONSORED]

How E-Signatures Enable Remote Account Openings [SPONSORED]

by July 2, 2015 at 1:00 am 0 comments

Today, banks, credit unions and other financial services providers need to be where the customer is – online and on mobile devices. In this white paper, we explore how e-signatures make it easier for consumers to open accounts remotely on tablets and smartphones, while also strengthening compliance. Highlights include: RemoteRead More

Facebook P2P Payments Go Nationwide

Facebook P2P Payments Go Nationwide

by June 30, 2015 at 3:59 pm 1 comment

A little more than three months after its debut, Facebook Messenger‘s peer-to-peer payments service has gone nationwide. The news was announced today by David Marcus, Messenger’s vice president. Messenger payments is a debit card-only payments service. Facebook had been slowly rolling out the service since last March. Last month, Facebook saidRead More

Square 1 Bank and What’s Messed Up About Banking

Square 1 Bank and What’s Messed Up About Banking

by June 23, 2015 at 10:06 am 0 comments

If you want to know what’s screwed up about banking, check out Square 1 Bank. Here at Bank Innovation, we decided to do a little experiment. We’ve long covered digital retail banking startups, like Simple and GoBank. But we wondered what options were available for small businesses, like, well, Bank Innovation? SoRead More

Introducing Bank Innovation Israel, Nov 10-11 in Tel Aviv

Introducing Bank Innovation Israel, Nov 10-11 in Tel Aviv

by June 18, 2015 at 11:05 am 0 comments

They don’t call it Startup Nation for nothing. With the exception of Silicon Valley, Israel is the world’s top incubator for startups — and fintech is increasingly becoming hot there. Some of the world’s most remarkable fintech startups have their roots in Israel, while big-names banks are starting — orRead More

Brett King today espousing the virtues of next-generation artificial intelligence.

With More AI Comes Refinement, Not Revolution, in Banking

by June 17, 2015 at 11:59 am 1 comment

This has nagged me for some time: if it is so easy to build a financial model today, why am I not inundated with model-driven financial services? No company is offering me a “smart” payment card that automatically switches between debit and credit depending on money costs. No company is offeringRead More

Goldman Sachs Positions Itself for Alt Lending-Driven Structured Finance

Goldman Sachs Positions Itself for Alt Lending-Driven Structured Finance

by June 16, 2015 at 11:10 am 0 comments

Goldman Sachs & Co.’s move into alternative lending appears to be as much about structured finance as it is about making loans. Goldman’s consumer lending plans were made public today. According to The New York Times report, “The new unit will offer the loans through a website or an appRead More

Plenti Branding Ramps Up as AT&T Ad Runs During NBA Finals [VIDEO]

Plenti Branding Ramps Up as AT&T Ad Runs During NBA Finals [VIDEO]

by June 15, 2015 at 11:04 am 0 comments

The Plenti nationwide advertising campaign, which kicked off last month, hit high gear last night when AT&T used its spots during the NBA Finals for the rewards program. The Plenti rewards program, administered by American Express, officially kicked off on May 4. Generally, the ads center on the idea thatRead More

Amex ‘Significantly’ Overhauling Mobile Check Deposit

Amex ‘Significantly’ Overhauling Mobile Check Deposit

by June 9, 2015 at 3:35 pm 0 comments

AUSTIN, Texas — American Express is overhauling its mobile check deposit for some of its accounts, an executive disclosed today. In an offhand comment during a presentation at the Digital Banking Summit here today, Stefan Happ, chief commercial officer, enterprise growth at Amex, revealed that the card company was “in theRead More

USAA to Relaunch App With ‘Full Personalization’ This Summer

USAA to Relaunch App With ‘Full Personalization’ This Summer

by June 9, 2015 at 9:46 am 0 comments

AUSTIN, Texas — “My app” will have a whole new meaning for USAA customers later this summer. The bank for consumers with ties to US military service members told Bank Innovation yesterday that it will relaunch its mobile app to include “complete personalization.” The overhaul of the app is part of aRead More

US Bank Testing Moto 360 App

US Bank Testing Moto 360 App

by June 9, 2015 at 9:36 am 0 comments

AUSTIN, Texas — US Bank is testing a Moto 360 app that includes a unique take on wearable banking. The app, which USB Chief Innovation Officer Dominic Venturo teased with a video during his keynote here at the Digital Banking Summit, relies solely on the color of the watch’s hands toRead More