Robots — or more precisely, software that takes data and turns it into natural language — may be producing the next report a bank regulator reads. That’s if Narrative Science‘s latest offering takes hold. The Chicago-based software firm launched a solution for AML (anti-money laundering) processes on Nov. 10 that is currently inRead More
Fintech startups are everywhere, but banks still own the customer, right? Maybe not. An interesting discussion took place last week in Tel Aviv at Bank Innovation Israel between three bankers with differing viewpoints on this issue. The panel discussion, hosted by Paul Schaus, CEO of the consultancy CCG Catalyst, wasRead More
Blockchain may not be able to solve all bank problems, but it can solve most. So said Passion Capital’s Eileen Burbidge at Bank Innovation Israel last week, in discussion with Amos Meiri, CEO of Colu, a startup that provides tools for building blockchain applications. Meiri was being modest — BurbidgeRead More
Bank wallets continue to gain ground and add functionality the tech giants will have trouble replicating. Capital One led the way by enabling POS transactions from its mobile app, and JPMorgan Chase followed up with an announcement of Chase Pay, expected in mid-2016. But today BBVA Compass announced the realtime redemptionRead More
TEL AVIV — BankMobile wants 1 billion users. Yes, that’s “billion” with a B. This bold pronouncement was made at Bank Innovation Israel here yesterday. Reaching the user goal would mean BankMobile expanding outside the U.S. to Latin America, India, China — well, to everywhere. BankMobile launched last January. The ambitions of the father-daughter teamRead More
TEL AVIV — Mariano Belinky is arguably the Most Famous Man in Fintech Today. And not just because of his Spanish accent. No, it’s because Business Insider made a big deal last week about how Belinky has reviewed 820 fintech startup pitches this year for the bank’s $100 million VCRead More
Pay Finder, a new app from noted payments expert Brian Roemmele that shares Apple Pay locations, was released yesterday in the Apple Store, and it turns out there are more than 3.2 million of them now. So much for Apple Pay not being “widely” available. Check out the video below.
TEL AVIV — There’s OnDemandEconomy.org, and even @ondemandeconomy. The on-demand economy has even made its way into the presidential election. Republican presidential candidate Marco Rubio last month vowed to stifle government regulation of “on-demand” startups like Uber and Airbnb that he “considers models for a changing national economy.” The on-demand economy is generally definedRead More
Eight fintech startups competed Tuesday in Tel Aviv at Bank Innovation israel, among the first international fintech conferences to be held in Israel.
Bank Leumi CTO Ilan Buganim is taking time out of his busy schedule — more on that below — to participate in a fireside chat at Bank Innovation Israel in Tel Aviv next week. Bank Leumi has a lot going on for Buganim to oversee, including a core banking overhaul and shifting a number of banking services to the cloud.
With the fintech startup community booming, banks need to be plugged into that community to stay ahead of digital disruption. Every bank will need to work with startups in some way to grow their business in an environment that is so ripe for digital disruption. The catalyst for digital technologyRead More
You hear a lot of biometrics and banking, but what have you seen in your life as a bank customer? Passwords, passwords, and more passwords, quite likely. Yesterday, I signed up with Airbnb and noticed the “Login with American Express” option. By coincidence, this happened to be the very dayRead More