Innovations

Lawsky Floats Further Revision to BitLicense Proposal

Lawsky Floats Further Revision to BitLicense Proposal

by December 19, 2014 at 11:33 am 0 comments

Benjamin Lawsky, superintendent of financial services for the New York State Department of Financial Services, is perhaps best known among FinTech watchers for championing New York’s proposed BitLicense regulation. Yesterday, at the Bipartisan Policy Center in Washington, Lawsky proposed revising the original BitLicense regulation, and also threw in some choice commentsRead More

LendingTree’s Lebda, USB’s Badarinath to Do Fireside Chats at BI ’15

LendingTree’s Lebda, USB’s Badarinath to Do Fireside Chats at BI ’15

by December 19, 2014 at 11:27 am 0 comments

Two of the banking innovation industry’s most dynamic — and experienced — executives will participate in fireside chats at Bank Innovation 2015, the annual gathering of banking innovation professionals for in-depth discussions on the future of financial services.

Mint Finally Adds Bill Pay — in a Separate App

Mint Finally Adds Bill Pay — in a Separate App

by December 17, 2014 at 4:09 pm 0 comments

Mint announced yesterday that its app had been updated and that it had added bill pay. In a separate app. You may recognize the new app, called Mint Bills, because it is better known as Check, formerly PageOnce. Intuit, which bought Mint for $170 million in 2009, bought Check forRead More

US Bank to Add Swipe-for-Balance, Beacon Support in 2015

US Bank to Add Swipe-for-Balance, Beacon Support in 2015

by December 16, 2014 at 11:42 am 1 comment

Major changes are in store for US Bank’s mobile app in 2015. Niti Badarinath, senior vice president and head of mobile banking and payments, told Bank Innovation Monday that the bank would continue to push the envelope in imaging, as well as invest in beacon technology to personalize the banking experience.Read More

ShopKeep's NFC reader, which is being given to merchants for free

Will NFC Keep Square from Profitability?

by December 16, 2014 at 10:34 am 1 comment

Yes, Square has finally gotten NFC religion. Jack Dorsey, Square’s founder, disclosed in an interview with The New York Times a few days ago that, indeed, Square will unveil NFC functionality, although he offered no release date. Dorsey said only that, “We have committed to making sure our sellers areRead More

Financial Education Site Phroogal to Launch 1.0 Version This Month

Financial Education Site Phroogal to Launch 1.0 Version This Month

by December 15, 2014 at 10:55 am 1 comment

The financial education portal Phroogal has spent the last year in beta and will launch in late 2014, co-founder Jason Vitug told Bank Innovation this weekend. Phroogal, a New Jersey-based social platform for millennials to share financial questions and answers, now counts more than 10,000 registered users and has 14,000 answers posted — all with zero marketing outlay.

DEMOvation Challenge Kicks Off, Offers Free Demo Slots to Startups

DEMOvation Challenge Kicks Off, Offers Free Demo Slots to Startups

by December 12, 2014 at 10:07 am 1 comment

The DEMOvation Challenge is Back. After a successful launch in 2014, Bank Innovation 2015, on March 2-3 in Seattle will once again host an exclusive DEMOvation session. The DEMOvation session will kick-off Day Two of the conference, which brings together FinTech mavens with innovative bankers for a series of in-depth discussions.

Lure of Bitcoin Hooks High-Level JPM, Amex Execs

Lure of Bitcoin Hooks High-Level JPM, Amex Execs

by December 11, 2014 at 11:52 am 0 comments

Conventional wisdom has banks watching Bitcoin with great wariness, but two recent moves may suggest otherwise. Bitcoin successfully luring executives from financial services powerhouses shows a vote of confidence in the cryptocurrency by the people (if not the institutions) making up the financial services industry.

VIDEO: CUneXus Shows Off Mobile Loan Origination Platform

by December 10, 2014 at 4:55 pm 0 comments

CUneXus Solutions, which makes software for lenders, unveiled a mobile loan origination product on video yesterday. CUneXus serves both banks and credit unions in a variety of different loan types.

Innotribe Opens 2015 Startup Challenge

Innotribe Opens 2015 Startup Challenge

by December 9, 2014 at 10:56 am 0 comments

Innotribe, SWIFT’s FinTech startup initiative, announced its 2015 Startup Challenge locations today, and opened the competition to applications.

Two Highly Divergent Views on Bitcoin Surface

Two Highly Divergent Views on Bitcoin Surface

by December 3, 2014 at 11:45 am 2 comments

It is as if the fintech world views bitcoins in either black or white — nothing close to grey. On Monday, those two perspectives were in contrasting view. On the one hand, VentureBeat published a laudatory opinion piece on bitcoins, claiming that “bitcoin is going to be one of the mostRead More