Innovations

5 Red-Hot Fintech Startups Pursue Investing and Financial Health

5 Red-Hot Fintech Startups Pursue Investing and Financial Health

by May 5, 2016 at 12:24 pm 0 comments

Mobile-first investments and financial health were on top of the agenda during yesterday’s fintech demo day in New York. Five startups demoed their latest wares during a meetup organized by Empire Startups. Here’s what you missed (in addition to the beer, snacks, and the chance to hang out with fintech’sRead More

Deloitte Taps Blockchain Startups to Build New Core Banking System

Deloitte Taps Blockchain Startups to Build New Core Banking System

by May 3, 2016 at 12:08 pm 1 comment

The accounting giant Deloitte partnered with five blockchain startups to build a new core banking system, and offer blockchain solutions to companies worldwide, the company announced this morning. The partnership with startups BlockCypher, Bloq, ConsenSys Enterprise, Loyyal, and Stellar is yet another effort for Deloitte to push the blockchain technology into real-worldRead More

How to Approach Regulators as a Fintech Startup

How to Approach Regulators as a Fintech Startup

by April 29, 2016 at 12:39 pm 0 comments

Regulators have certainly kept a close eye on fintech upstarts. Last month, the Financial Stability Board (FSB) – comprised of 20 world economies – came together in Tokyo to establish a framework and assess the potential of fintech startups “disrupting” traditional banking. Many startups have learned the rule: Go to them, beforeRead More

Breaking Banks: Fintech for Groundbreakers [AUDIO]

Breaking Banks: Fintech for Groundbreakers [AUDIO]

by April 29, 2016 at 12:37 pm 0 comments

In this week’s episode of Breaking Banks, Brett King hosted Kamal Budhabbatti, called the Bill Gates of Kenya, to talk about the amazing fintech scene in East Africa. Scout Finance Founders Vivek Nasta and Ariez Dustoor also joined to talk about their work allowing investment professionals to maintain around-the-clock access to client informationRead More

Say Hello to Our Spring 2016 Class of Startups

Say Hello to Our Spring 2016 Class of Startups

by April 28, 2016 at 11:00 am 0 comments

Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class. The companies selected from applications received from startups around the world are: CrossCues Dyme GoldBean Hermetic Security Spare We Are Briqs The companies, chosen after aRead More

Distributed Ledgers Not Ready For Prime Time, SWIFT Says

Distributed Ledgers Not Ready For Prime Time, SWIFT Says

by April 21, 2016 at 2:41 pm 0 comments

“Blockchain.” That’s an abbreviated summary of the conversation in fintech for approximately the last six months. Or, as Jack Gavigan put it, less succinctly, on Twitter: Blockchainblockchainblockchainblockchainblockchainblockchainblockchainblockchainblockchainblockchainblockchainblockchainblockchainblockchain — Jack Gavigan (@JackGavigan) April 20, 2016 We now say “distributed ledger,” which is a slightly broader term rather than a synonym (and whichRead More

Will Realtime Payments Bring Real Money for Banks?

Will Realtime Payments Bring Real Money for Banks?

by April 20, 2016 at 4:49 pm 2 comments

Should consumers and businesses pay for realtime payments or not? This difference of opinion is apparently creating some “discord” in the clearXchange network between the first two active members: U.S. Bank and Bank of America. Speaking to investors this morning, U.S. Bank CEO Richard K. Davis spoke on the importance ofRead More

Most Bankers Want to Update Their Cores — But Don’t Expect To

Most Bankers Want to Update Their Cores — But Don’t Expect To

by April 19, 2016 at 11:37 am 2 comments

Bankers want modern cores — but most don’t plan to do anything about it. That’s the slightly depressing conclusion of a recent study by NTT Data Consulting, formerly known as Carlisle & Gallagher. While 80% of banks plan to assess their core systems within the next three years, just 4%Read More

BlueVine Adds Flex Credit to Unlock Small Business Credit Lines

BlueVine Adds Flex Credit to Unlock Small Business Credit Lines

by April 18, 2016 at 5:18 pm 1 comment

Amid the current slew of mortgage and lending news, the small business loan provider BlueVine is tacking its own service, dubbed Flex Credit, into the fintech wind. This allows the firm to offer lines of credit between $5,000 and $30,000, with transparent fees and pricing. A recurring problem for individualRead More

TD Bank Launches Moven-Powered MySpend To Help Canadians Spend Wisely

TD Bank Launches Moven-Powered MySpend To Help Canadians Spend Wisely

by April 15, 2016 at 1:59 pm 1 comment

TD Bank announced yesterday that Moven’s real-time money-management tool was live in its mobile app for Canadian customers. This is the first tool of its kind for a Canadian bank. TD MySpend is a companion app to the TD mobile app for both Android and iOS platforms. It leverages Moven’s personal financial managementRead More

Credit-Scoring Tool Wecash Gains 5 Million Users in 12 Weeks

Credit-Scoring Tool Wecash Gains 5 Million Users in 12 Weeks

by April 11, 2016 at 3:56 pm 1 comment

When services scale in China, they go big. Beijing-based credit-scoring platform Wecash recently counted more than 35 million users. Not too shabby, and even better considering that little more than a year ago, it had just eight million. Its most recent boost came from the Hong Kong-based accelerator Supercharger. Wecash took partRead More

Regions Bank Teams Up with Marketplace Lender Avant

Regions Bank Teams Up with Marketplace Lender Avant

by April 8, 2016 at 12:36 pm 2 comments

Regions Bank teamed up with online marketplace lender Avant Inc. to provide customers with a streamlined loan application and underwriting “experience,” the companies announced this morning. Beginning in the second half of 2016, customers can apply for an unsecured loan on the Regions Bank website through the Avant platform, which will carryRead More