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
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
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
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 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
“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
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
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, 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
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
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.
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