Innovations

Who’s Who in Voice-Assisted Banking [VIDEO]

Who’s Who in Voice-Assisted Banking [VIDEO]

by April 17, 2015 at 10:45 am 0 comments

With the uproar this week over Siri’s seemingly homophobic responses to Russian queries about gays (Question: “Are there any gay bars around me?”; Answer: “You are so rude!”) and Apple’s refusal to comment about them, we decided to take a look at one of the more compelling areas of fintech: voice-assisted banking.Read More

Bank of America’s Mobile Deposit Volume Booms

Bank of America’s Mobile Deposit Volume Booms

by April 16, 2015 at 10:53 am 1 comment

Bank of America might be lagging some of its competitors in mobile banking user growth, but the bank is increasing its remote deposit business at an enviable rate. The bank said yesterday that 13% of its deposits last quarter — or roughly $4.5 billion of a total $34.2 billion of newRead More

Marketplace Lenders Share a Major Concern with Banks: Finding Borrowers

Marketplace Lenders Share a Major Concern with Banks: Finding Borrowers

by April 15, 2015 at 3:01 pm 0 comments

Marketplace lending is booming — but where are the borrowers? The LendItUSA event, taking place in New York this week, has trumpeted the victories of marketplace lending, and they are considerable: $9 billion in consumer loans written by marketplace lenders in the US alone in 2014, not to mention $5 billion in smallRead More

This Israeli Startup Just Leapfrogged Everyone with Apple Watch Payments

This Israeli Startup Just Leapfrogged Everyone with Apple Watch Payments

by April 14, 2015 at 11:53 am 0 comments

24me, an elegant “personal organizer” app built in Israel, has quietly figured out how to facilitate payments via Apple Watch. Before Apple Watch is even in consumers’ hands. The 24me Apple Watch app allows users to tap a pay feature when reviewing tasks on the Apple Watch. The Apple Watch appRead More

The Core Is All Right [Video]

The Core Is All Right [Video]

by April 10, 2015 at 11:49 am 0 comments

They’re everywhere, outdated bank cores — and that may be ok. We all know about the problems with outdated cores running Mad Men-era software, and a few bold banks, notably BBVA Compass, have installed new cores running modern software. IBM Banking released a video last week discussing the problems with legacyRead More

Two More Apple Watch Bank Apps Announced

Two More Apple Watch Bank Apps Announced

by April 9, 2015 at 10:59 am 1 comment

It seems bankers like watches. Today brought news of two more banks announcing the development of Apple Watch apps: DAB Bank in Germany, and BankMobile, a mobile offering from Customers Bank in Pennsylvania. Speaking purely anecdotally (though we are working on the hard numbers) it appears clear that more banksRead More

BBVA Compass and Dwolla Launch Realtime Payment Service [Video]

BBVA Compass and Dwolla Launch Realtime Payment Service [Video]

by April 8, 2015 at 11:22 am 2 comments

Money movement service Dwolla and BBVA Compass Bancshares, the Birmingham, Ala.-based bank, have struck a deal to provide a realtime payment service. Called FiSync, the service is said to move money “faster than a web page takes to load” for BBVA Compass account holders making payments. FiSync launched today. DwollaRead More

Startup Coinshark.io Wants You to Pay Your Mortgage with Bitcoin

Startup Coinshark.io Wants You to Pay Your Mortgage with Bitcoin

by April 3, 2015 at 9:30 am 4 comments

A new startup is looking to innovate in a space that has largely been bypassed by FinTech: mortgages. There has been a great deal of action in the alternative lending space, but outside of student-loan specialist SoFi, most startups have stayed away from home loans. New entrant Coinshark.io is bringing a FinTech focus to mortgageRead More

Alerts, the Gateway to Wearables

Alerts, the Gateway to Wearables

by April 1, 2015 at 11:57 am 2 comments

What time is it? How about time to pay your credit card bill? The most important driver of adoption for bank apps on wearable devices will not be mobile payments — it will be alerts. For payments, the watch form factor is only marginally more convenient than the mobile phoneRead More

Citi Goes All In on Bitcoin

Citi Goes All In on Bitcoin

by March 31, 2015 at 10:54 am 5 comments

When Citi Ventures launched its accelerator with Plug and Play, the San Francisco build-an-accelerator outfit, last December, the Citigroup investment arm said it was doing so “to [accelerate] emerging technologies that have the potential to transform financial services experiences for Citi’s customers.” Those “emerging technologies,” however, appear to be skewingRead More

First Look at Misys’s Apple Watch App [VIDEO]

First Look at Misys’s Apple Watch App [VIDEO]

by March 31, 2015 at 10:48 am 2 comments

Yes, Citibank, Fidelity, Desjardins, Scotiabank’s Tangerine unit, and even Mint have launched Apple Watch apps. But Misys is the only third-party technology vendor to put out a Watch app so far. The app, which was reported by Finextra a couple weeks ago, has largely remained unseen. Until now. The tech vendorRead More