Innovations

What’s the State of Banking Innovation?

What’s the State of Banking Innovation?

by September 2, 2014 at 7:00 am 0 comments

Is the intensity of banking innovation really heating up?

VIDEO: Local News Story Highlights Mobile Deposit Anxiety

VIDEO: Local News Story Highlights Mobile Deposit Anxiety

by August 26, 2014 at 11:28 am 1 comment

A recent report from Mitek and RemoteDepositCapture.com found that 80% of banks experienced no losses from remote deposite capture. But fears over remote deposit capture remain among consumers

Why IT Needs to Be Part of the Regulatory Compliance Debate

Why IT Needs to Be Part of the Regulatory Compliance Debate

by August 22, 2014 at 10:42 am 0 comments

The ABA’s Frank Keating argues that banks deserve “balanced, nuanced” regulatory compliance that does not upend their economic prospects, particularly for smaller community banks. But that argument rings hollow.

Coin Card Delays Until Spring 2015 Upset Backers

Coin Card Delays Until Spring 2015 Upset Backers

by August 22, 2014 at 9:20 am 0 comments

If you’ve been waiting for news regarding Coin Card, then you’ve got a longer wait than expected. Coin launched with HUGE fanfare in November of 2013, promising to revolutionize your credit card by allowing you to combine up to 6 cards in one bluetooth enabled device. Launched on the same day as the revamped Google Wallet, Coin Card stole the show for a few months as news about the product gained momentum.

Ribbit Capital Files To Raise $125 Million For New Fund

Ribbit Capital Files To Raise $125 Million For New Fund

by August 18, 2014 at 11:32 am 0 comments

Ribbit Capital filed an amendment to increase the target amount for its new fund to $125 million.

What’s the Hidden Strategy Behind the Belly and Level Money App Updates?

What’s the Hidden Strategy Behind the Belly and Level Money App Updates?

by August 15, 2014 at 10:48 am 1 comment

What’s the message behind the major two major updates of fintech apps this week? Belly and Level Money, two upstart fintech apps, released major upgrades this week — Belly yesterday and Level Money on Wednesday. Belly, a rewards app, added a feature called Belly Bites, where users can redeem freeRead More

GoBank Finally Eases Up on Deposit Hold Times

GoBank Finally Eases Up on Deposit Hold Times

by August 15, 2014 at 10:12 am 1 comment

GoBank customers are now on a longer leash. The notoriously conservative neobank operated by prepaid pioneer Green Dot Corp. has eased up on its policy of holding mobile check deposits for as long as 10 days.

Fed Payments Panel Advocates Faster Payments

Fed Payments Panel Advocates Faster Payments

by August 14, 2014 at 11:41 am 2 comments

It seems ACH is too slow even for some bankers. Payments in the US lag behind much of the world and many Americans inside and outside of the financial services community would like to move their money more quickly. The Federal Reserve agrees, and convened a roundtable that determined theRead More

Venmo to Add ‘Pay With’ Feature, Targets Mobile E-Commerce

Venmo to Add ‘Pay With’ Feature, Targets Mobile E-Commerce

by August 13, 2014 at 11:55 am 1 comment

Venmo will add a new “Pay With Venmo” service, sources tell Bank Innovation.

8 Tips for Finding Fintech Startup Success

8 Tips for Finding Fintech Startup Success

by August 12, 2014 at 12:01 pm 0 comments

While there seems to be a new fintech startup every day, some of the industry’s expert have been studying and analyzing the market for years now. Which means their opinions matter. Here are eight ideas for fintech startups that leverage that knowledge.

FinTech Deals to Gather Steam for the Rest of 2014

FinTech Deals to Gather Steam for the Rest of 2014

by August 8, 2014 at 10:58 am 2 comments

The tech startup industry has a number of hot industries — the Internet of Things marketplace is wide open, biotechnology still remains underrepresented, etc. Critics, like Annie Lowrey, are saying that the number of startups is actually shrinking.