No one should be surprised that regulatory compliance concerns cast a long shadow over FinTech startups. What is surprising, however, is just how much longer is that shadow today. If you want to create a FinTech startup today, you are advised to start your strategic thinking with a review of the Bank Secrecy Act...
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Finovate Day 2 Afternoon Recap, Reaction, and Ratings, from Bank Innovation Curaxian Curaxian is taking on ecommerce payment fraud. Curaxian analyzes payments data to cut down on manual review costs. Fighting fraud costs time, money and lost orders, so Curaxian is looking to automate it and stop fraud without stopping good orders. The fraud...
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We’re into Day 2 here at Finovate. Bank Innovation has been following the presentations and here’s our recap and ratings for your reading pleasure. SESSION 1 Finovera Finovera is a tool for simplifying and managing your financial life. Users can organize various accounts and pay bills without dealing with a stack of paper bills. It’s...
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Bank Innovation attended Finovate Spring 2013 in San Francisco and rated all the presenters. Here’s the second half of Day 1′s presenters. SESSION 3 Corduro Corduro introduced a cloud-based multichannel transaction engine called PayMobile. The mobile wallet solution works with cards but is designed for the smartphone. On the other end of the transaction,...
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Couldn’t make it to Finovate Spring 2013 in San Francisco? Bank Innovation did, and recorded — and rated on a scale of 1 to 5 — all the action on the big stage. SESSION 1 EyeVerify EyeVerify is a biometric verification system for online banking logins. Users “sign in” with an eyeprint – a...
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Our man Phil Ryan is out in San Francisco covering FinovateSpring. See his Twitter coverage of the event at @BankInnovation or at the #finovate hashtag. Phil will also be posting Bank Innovation’s customary ratings of the demoing companies here over the next couple of days.
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Anything Donald Trump does engenders a certain revolution. There’s no better sign of over exploitation of a concept or business than when the Donald gets involved. Last week, the Donald did his thing on crowdfunding with the launch of FundAnything, a crowdfunding venture of, well, anything. His partner on the venture, Bill Zanker, told AllThingsD...
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Features or benefits will trump the technology in defining success for mobile wallets and partnerships between FIs and and startups will play a key role, according to a whitepaper released jointly by the Federal Reserve Banks of Boston and Atlanta on May 2. The paper is an update of a report initially published two years ago. While the previous report...
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Is Finovate really the FinTech startup showcase it is cracked up to be? Yesterday, the folks at Finovate circulated an email boasting of registration topping 1,100 people for the upcoming spring event, which starts in San Francisco in several days. And while I don’t want to dash the expectations of attendees, those of you...
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In New York City, a taxi medallion — that is, the right to own a taxi in the Big Apple — costs $917,000. In 2003, a medallion would set a hack back around $200,000. Why the steep price increase? Supply and demand. There are around 8.5 million people living in New York City, and only...
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