Innovations

Moven Shows How Transaction Histories Should Be Done [VIDEO]

Moven Shows How Transaction Histories Should Be Done [VIDEO]

by September 4, 2015 at 12:29 pm 0 comments

Transaction histories in mobile banking can be frustrating, showing as few as five transactions with no context at all, and if customers want to see anything beyond that, they are sent to a mobile-hostile facsimile of their paper statements. Yuck! Startup Moven shows off its impressive transaction history in the video below. All transactions areRead More

Employing Artificial Intelligence to Personalize Client Communications

Employing Artificial Intelligence to Personalize Client Communications

by September 4, 2015 at 9:15 am 0 comments

We’re in the midst of a fundamental shift in the banking industry. Forces such as rising customer expectations and ever-changing regulatory requirements coupled with new, non-traditional competitors in the market have made it imperative for banks to rethink their business and client engagement models. While banks are strategizing how toRead More

Dwolla Is ‘Happy to Be the Pipes’ of the Payment System

Dwolla Is ‘Happy to Be the Pipes’ of the Payment System

by September 3, 2015 at 12:17 pm 1 comment

Not so long ago bankers feared that fintech insurgents like Dwolla wanted to turn FIs into “dumb pipes” moving money around while the fintechs would own the customer experience. Payments platform Dwolla, for one, has moved past wanting to own the customer. “We’re happy to be the pipes,” CEO BenRead More

What Banks Can Learn From the Decline of Apple Pay

What Banks Can Learn From the Decline of Apple Pay

by September 2, 2015 at 4:35 pm 0 comments

Around this time last year, the payments industry waited with much anticipation as Apple prepared to announce a move into mobile transactions that was expected to redefine the ecosystem as we knew it. From that anticipation, Apple Pay was born, and now nearly one year after its introduction the solutionRead More

Dwolla Unveils White Label Offering

Dwolla Unveils White Label Offering

by September 2, 2015 at 11:49 am 2 comments

Dwolla today introduced a white label service that allows financial institutions to use its FiSync “pipe” for its own faster payments service. Dwolla is also white-labeling an ACH application. The white label offerings allow financial institutions to present a payments API to their clients, with the FI’s “look, feel, and name on end-userRead More

Startup Piddly Aims to Eliminate ATM Fees [VIDEO]

Startup Piddly Aims to Eliminate ATM Fees [VIDEO]

by September 2, 2015 at 11:48 am 0 comments

“Sorry, no cards — we’re cash only.” This depressing refrain sends many a millennial scuttling to the nearest ATM, where he will likely pay $2 or $3 so that the merchant can avoid a swipe fee. The cap on debit fees brought about by the Durbin Amendment seems to have done nothing to curbRead More

It Is Time for Banks to ‘Pivot’

It Is Time for Banks to ‘Pivot’

by August 28, 2015 at 11:57 am 2 comments

Bankers need but one mantra today: “my bank is a technology company, my bank is a technology company.” And exhale. The truth is this concept appears to be incredibly difficult for the vast majority of American banks to fully grasp even today — unlike European banks, for example. Why exactlyRead More

Citi’s Jerusalem Challenge Offers ‘Gateway’ to Startups

Citi’s Jerusalem Challenge Offers ‘Gateway’ to Startups

by August 28, 2015 at 10:56 am 0 comments

Israel is a small country bursting with startups in search of wider markets. That’s why Israeli entrepreneurs appreciate opportunities like Citi Mobile Challenge, which came to Jerusalem — among a number of other cities, including London, Nairobi, Warsaw, and New York — to offer mobile innovators a chance to present to an audience of investors and technology enthusiasts.

Coin 2.0 Lacking [VIDEO]

Coin 2.0 Lacking [VIDEO]

by August 28, 2015 at 10:39 am 0 comments

Coin, the card aggregation device, introduced its version 2.0 device with NFC capabilities a couple of days ago, and it is, well, lacking. Below is a demo of the device. Coin 2.0 reportedly started shipping on August 26 “to all backers.” The company originally said it would start 2.0 shipments last April. The upgradeRead More

Why BankMobile Launched a Technology Company

Why BankMobile Launched a Technology Company

by August 26, 2015 at 11:36 am 0 comments

BankMobile can truly say it is more than just a bank — it’s a technology company, too. It’s a common refrain across many industries to say your company is a technology company first and a bank/phone company/ice cream store/whatever second. But a few banks are taking this a step further and using theirRead More

Citi’s Andres Wolberg-Stok Joins Bank Innovation Israel Speakers

Citi’s Andres Wolberg-Stok Joins Bank Innovation Israel Speakers

by August 25, 2015 at 12:06 pm 0 comments

Andres Wolberg-Stok, global head of emerging platforms and services for consumer banking at Citigroup, will present on mobile device security at Bank Innovation Israel in Tel Aviv this November. Andres joined Citi in 2000 and leads the team responsible for innovation in digital platforms and advanced customer features.

Fintech Startups Face a Difficult Fall Funding Season

Fintech Startups Face a Difficult Fall Funding Season

by August 24, 2015 at 12:43 pm 0 comments

We may be headed for the biggest fall season in venture funding history. Then again, given the excitement on the stock market this morning, maybe not. A tweetstorm from Mattermark CEO Danielle Morrill offering advice for startups pitching in the fall funding season took over Twitter yesterday, and continued into Monday, with variousRead More