Innovations

The Secret Wearable Watch Use Case [VIDEO]

by January 26, 2015 at 10:28 am 0 comments

Intuit, purveyor of QuickBooks and Mint, among many other ventures, quietly released its vision for a banking-enabled watch a few weeks ago. How quietly? Try the video that demos its vision from its Intuit Labs skunk-works unit had 25, yes 25, views as of this morning. That the demo video features noneRead More

Cap One’s Warning: ‘Near-Term’ Digital Investment Is ‘a Negative Trade’

Cap One’s Warning: ‘Near-Term’ Digital Investment Is ‘a Negative Trade’

by January 23, 2015 at 11:10 am 0 comments

No one would accuse Capital One Financial Corp. of skimping on its innovation efforts and budget. Cap One was one of the first banks to start a lab, was essentially founded as a technology-first company, and continues to push the innovation envelope. So when Richard Fairbanks, the chairman, president andRead More

4 Screenshots From Ally’s New Online Banking Platform

4 Screenshots From Ally’s New Online Banking Platform

by January 22, 2015 at 11:56 am 0 comments

Ally Bank announced today that it has launched a redesign on its online banking platform. Ally has around 910,000 banking customers and about half of them use its online banking service. Most Ally customers use both online and mobile banking, according to the bank, but 40% of the total logins in aRead More

Planwise Launches Connect to Unite Realtors with Buyers

Planwise Launches Connect to Unite Realtors with Buyers

by January 21, 2015 at 9:50 am 1 comment

PFM provider Planwise has launched a new service called Planwise Connect, Bank Innovation has learned. The new service promises to help real estate agents and mortgage brokers form a tighter relationship with potential buyers. Using the service, real estate professionals can provide buyers with the Planwise affordability calculator, which can be usedRead More

LendingRobot Scores $3M To Automate Investing On P2P Lending Platforms

by January 20, 2015 at 3:15 pm 0 comments

The Seattle, U.S.-based startup has just raised approximately $3 million in a Series A round led by European VC Runa Capital, money it’ll use to further develop its product and to ‘accelerate’ growth.

Google’s Plan to Catch Up with Apple Pay — Softcard?

Google’s Plan to Catch Up with Apple Pay — Softcard?

by January 20, 2015 at 11:53 am 0 comments

News broke last week that Softcard, formerly known as Isis, may have a suitor in mobile wallet competitor Google. What would be the price tag, considering the hundreds of millions — perhaps even billions — of dollars telcos poured into Isis/Softcard over the past five years? Try $50 to $100Read More

Zions to Be the 40th Apple Pay Partner

Zions to Be the 40th Apple Pay Partner

by January 20, 2015 at 10:12 am 1 comment

Zions Bank, the Salt Lake City-based regional bank, reportedly will add Apple Pay capabilities this week. Should the capabilities be added, Zions would be the 40th financial institution to sign on to Apple Pay. Zions, which does business in 11 states in the West and Southwest, made the disclosure inRead More

Wells Fargo Leaks Its Ambitious Mobile Skunk Works

Wells Fargo Leaks Its Ambitious Mobile Skunk Works

by January 15, 2015 at 10:18 am 1 comment

What’s next from Wells Fargo & Co.’s mobile channel? Here are the internal projects Wells is investing in now, courtesy of none other than John Shewsberry, the megabank’s chief financial officer: Wells is building an appointment application that will allow its customers to set up meetings with Wells bankers usingRead More

Mobile Share of Bank of America’s Deposits Climbs 3x

Mobile Share of Bank of America’s Deposits Climbs 3x

by January 15, 2015 at 10:18 am 1 comment

Bank of America Corp. released numbers on its mobile deposits and they are impressive. The key figure: 12% of all deposits at the nation’s second-largest bank are now transacted on mobile devices. Last quarter, the bank noted 10% of its deposits were mobile, so this number has grown 20% inRead More

Moven Gives Bank Innovation an Exclusive Look at Its Bet on Wearables

Moven Gives Bank Innovation an Exclusive Look at Its Bet on Wearables

by January 13, 2015 at 10:12 am 3 comments

The bank account in your pocket can now be a bank account on your wrist. Bank Innovation got a sneak peak at the newest “watch bank,” developed by Moven, during a recent visit to the startup’s New York offices. And we were impressed. According to a recent survey of 170,000 internet users fromRead More

PeerTransfer’s $22M Round Will Take It to UK, Australia and Beyond

PeerTransfer’s $22M Round Will Take It to UK, Australia and Beyond

by January 13, 2015 at 10:03 am 2 comments

PeerTransfer, a payments startup enabling international students to pay tuition fees in the currency of their choice, announced it has received some currency of its own today — a cool $22 million in a round led by Bain Capital, and which also included Spark Capital, Devonshire Investors, Accel Partners, and QED Investments. ThisRead More