Articles by: Philip Ryan

60% of U.S. Bank Transactions Are Digital, COO Says

60% of U.S. Bank Transactions Are Digital, COO Says

by December 8, 2016 at 11:58 am 0 comments

U.S. Bank’s transactions are now 60% digital, Chief Operating Officer Andrew Cecere said at the Goldman Sachs U.S. Financial Services Conference this week. But that doesn’t mean the Minneapolis-based bank is giving up on branches. It has around 3,000 branches and 80% of its sales activity still takes place thereRead More

Citi Fintech Launches First Product for Citigold Cardmembers

Citi Fintech Launches First Product for Citigold Cardmembers

by December 7, 2016 at 4:14 pm 2 comments

Year-old Citi Fintech, the digital banking sub-brand of Citigroup Inc., has launched its first product. That may seem like a long time by startup reckoning, but it’s not so bad for a (gigantic, regulated, global) bank. The unit announced Monday that it had built a new mobile experience for Citigold card membersRead More

Circle Cedes Bitcoin Trading to Coinbase, Expands Messaging Functions

Circle Cedes Bitcoin Trading to Coinbase, Expands Messaging Functions

by December 7, 2016 at 11:33 am 0 comments

Still want to buy some bitcoin? It’ll currently cost you about $764, and your options for places to do so are dwindling. The currency exchange service Circle will no longer facilitate the buying and selling of bitcoins, the company announced in a blogpost yesterday. Instead, those functions will be handled byRead More

Meet INV Fintech’s New Class of Startups

Meet INV Fintech’s New Class of Startups

by December 6, 2016 at 12:45 pm 0 comments

INV Fintech, the sister accelerator to this site, is pleased to announce its second class of startups, in its Fall session, which begins this week. The five companies, selected from more than 100 startups applicants from across the globe, are: Debitize Grain Paymentpie Saldo.mx SnapCheck The companies, chosen after aRead More

TD for Me, TD Bank’s ‘Digital Concierge,’ Nears 1 Million Users

TD for Me, TD Bank’s ‘Digital Concierge,’ Nears 1 Million Users

by December 5, 2016 at 2:37 pm 1 comment

In September, TD Bank launched TD for Me, which the bank describes on an FAQ page as “a digital concierge that allows customers to opt into a service that sends real time notifications about special offers and nearby events.” TD for Me lives in the TD Bank app but requires usersRead More

Amazon Go Stores Will Not Have Checkout Counters [VIDEO]

Amazon Go Stores Will Not Have Checkout Counters [VIDEO]

by December 5, 2016 at 10:41 am 0 comments

Amazon released a video today promoting its Amazon Go stores and their “Just walk out” technology. Users check in with their apps at the door and then fill their shopping bags and leave. For now there is just one store and it’s in Seattle and only open to Amazon employees,Read More

Chrome Credit Union Looks to the Future with Nymbus Core

Chrome Credit Union Looks to the Future with Nymbus Core

by December 2, 2016 at 12:30 pm 1 comment

A small credit union in western Pennsylvania is making an investment that would strike fear into the hearts to bankers everywhere: core replacement. Washington, Pa.-based Chrome Federal Credit Union — formerly Washington Community Federal Credit Union — is replacing its Jack Henry Symitar system with a core from Nymbus, the splashyRead More

Apple Wins Major Battle in Ongoing War with Banks Down Under

Apple Wins Major Battle in Ongoing War with Banks Down Under

by November 30, 2016 at 2:00 pm 1 comment

This summer, a group of banks in Australia did the unthinkable — they took on Apple, the on-again, off-again largest company in the world. Today it was announced the banks appear to have lost that fight, as expected. They cannot collectively bargain with Apple, as they had requested. The AustralianRead More

Disney’s Credit Union Looks to Fintech Companies to Meet Member Needs

Disney’s Credit Union Looks to Fintech Companies to Meet Member Needs

by November 29, 2016 at 9:53 am 1 comment

Disney’s credit union needed more magic. Last year, the 132,000-member Partners Federal Credit Union, in response to member requests, wanted to roll out the ability to apply for loans and open account on mobile, but was unable to. “Our members could transfer funds, and deposit checks on mobile,” said ChiefRead More

M-Pesa Outage Leaves Customers Stranded (and Annoyed)

M-Pesa Outage Leaves Customers Stranded (and Annoyed)

by November 28, 2016 at 2:56 pm 0 comments

M-Pesa, perhaps the world’s premier mobile payments service, has been suffering outages over the past several hours, and in case you had any doubt of the system’s importance in Kenya and around the world, the angry tweets emerging should convince you. Monthly active users of M-Pesa in Kenya and Tanzania numberedRead More