Articles by: Philip Ryan

JPMorgan Chase’s Adam Carson to Do Fireside Chat at Bank Innovation 2017

JPMorgan Chase’s Adam Carson to Do Fireside Chat at Bank Innovation 2017

by November 28, 2016 at 1:45 pm 0 comments

Adam Carson, managing director, global technology strategy & partnerships at JPMorgan Chase & Co., will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., will feature dozens of speakers on investing in innovation, chatbots, blockchain and more. Carson is a veteran of the ecommerceRead More

Civic’s Secure Private Login Could Make Banks Masters of Digital Identity

Civic’s Secure Private Login Could Make Banks Masters of Digital Identity

by November 26, 2016 at 8:22 am 2 comments

The identity management startup Civic launched this summer to kill the social security number as a means of authentication — a worthy goal, but its ambitions are much grander. At Money20/20 in October, CEO Vinny Lingham revealed a bit more on how the company plans to solve the enormous andRead More

Enforcement Actions Against Banks Reached Record Low in 3Q

Enforcement Actions Against Banks Reached Record Low in 3Q

by November 22, 2016 at 4:33 pm 1 comment

This past quarter saw the lowest number of enforcement actions against financial institutions since 2013 (though there were some prominent cases in the media spotlight that may have led observers to think otherwise.) New Haven, Conn.-based compliance management company Continuity noted that despite the decrease in enforcement actions — 99 vs. 150 inRead More

Should Fintech Startups Seek Success Lower in the Stack?

Should Fintech Startups Seek Success Lower in the Stack?

by November 22, 2016 at 11:45 am 0 comments

Payments company Dwolla recently surprised much of the fintech world by announcing it was stepping back from the consumer business to focus on its B2B, API-based model. Or maybe it wasn’t so surprising. It’s no secret it’s hard to scale fintech companies — unless consumers are rich, money isn’t fun, and peopleRead More

Cinchkey Aims to Ease SMB Cashflow Problems by Tapping Best Customers

Cinchkey Aims to Ease SMB Cashflow Problems by Tapping Best Customers

by November 21, 2016 at 11:29 am 0 comments

Holiday shopping season is a time when many businesses can count on heavy sales volume — it’s the rest of the year that’s a problem. This is what Cinchkey, formerly known as Credithood, has set out to solve. The company launched in 2014 in Israel, but has since relocated toRead More

Online Retailers Preapprove Credit for Customers as They Shop

Online Retailers Preapprove Credit for Customers as They Shop

by November 17, 2016 at 11:52 am 0 comments

It may not be easier to identify sound credit risks today, but retailers certainly have more opportunities — and customers are taking advantage of that. A TransUnion report released Tuesday indicates that December typically sees a doubling in the amount of private-label cards opened by consumers, and this number hasRead More

JD.com Considers Spinning Off Risk-Scoring and Lending Unit

JD.com Considers Spinning Off Risk-Scoring and Lending Unit

by November 16, 2016 at 1:41 pm 1 comment

Payments is a great business to be in — in China, that is. The Chinese e-commerce giant JD.com announced it is considering the sale of its internet finance unit, JD Finance, “in order to facilitate its development in certain licensed financial service businesses in China, and to take advantage of theRead More

Dwolla to Exit Consumer Space, Focus on API Offerings

Dwolla to Exit Consumer Space, Focus on API Offerings

by November 11, 2016 at 1:50 pm 1 comment

Dwolla, one of the elder statesmen of the fintech startup world, announced today it will leave the consumer space and focus on its offerings for businesses. The change will take place soon — Dec. 7. As the Des Moines, Iowa-based company put it in a blogpost: Dwolla is no longerRead More

PayPal Adds Ability to Pay with Siri — But Not iMessage [VIDEO]

PayPal Adds Ability to Pay with Siri — But Not iMessage [VIDEO]

by November 10, 2016 at 5:05 pm 1 comment

PayPal is joining the platform party on iOS. In September, Venmo — along with Circle, neobank Monzo, and Square Cash — took advantage of the platformization of Siri and iMessage and tied their services into the voice and text-based mediums. Today, PayPal added the ability to send and receive moneyRead More

Green Dot Wants to Be the Bank for On-Demand Workers

Green Dot Wants to Be the Bank for On-Demand Workers

by November 10, 2016 at 12:12 pm 0 comments

Green Dot Corporation is best known for its prepaid cards, but its growth opportunities are coming from faster payments and the on-demand or gig economy, its CEO said yesterday. CEO Steve Streit, who has had an exciting year, said in the company’s earnings call yesterday that Green Dot’s success with UberRead More