Lending

10 Ways Blockchain Will Change Financial Services

10 Ways Blockchain Will Change Financial Services

by February 10, 2016 at 11:44 am 2 comments

Blockchain may be the payments industry’s greatest recent success story. No, really. Which other payments technology, in recent years, has developed so far so fast as the blockchain? (We’d better call say distributed ledgers, of which blockchains are one example, but it doesn’t quite roll off the tongue.) Even further, blockchain has broken beyond paymentsRead More

Breaking Banks: Ways to Foster Innovation [AUDIO]

Breaking Banks: Ways to Foster Innovation [AUDIO]

by February 7, 2016 at 1:36 pm 0 comments

As part of a new partnership, Bank Innovation will syndicate the radio program “Breaking Banks” on the Bank Innovation website. The most recent episode of “Breaking Banks” featured CBW Bank, Ripple, and Bank Innovation and Fiserv discussing Bank Innovation INV, the new fintech accelerator.

It’s a Super Sunday for Financial Services Ads [VIDEO]

It’s a Super Sunday for Financial Services Ads [VIDEO]

by February 5, 2016 at 9:59 am 1 comment

There are more companies advertising financial services during Super Bowl 50 than companies advertising beer. Ok, that may be because Budweiser bought the exclusive “beer rights” to the game, and there may be more Budweiser ads in total than financial services ads, but, still, this year marks a step upRead More

Fintech Accelerators Are Not Destined to Die

Fintech Accelerators Are Not Destined to Die

by February 4, 2016 at 10:35 am 0 comments

Long live the fintech accelerator. With all due respect to American Banker‘s BankThink portal and Forrester Research, the future could not be brighter for fintech accelerators, and I write that not just because Bank Innovation has launched an, er, fintech accelerator with Fiserv, U.S. Bank, and Cross River Bank. Last week,Read More

Notarize Launches Today with One of the Funniest Demo Vids Ever [VIDEO]

Notarize Launches Today with One of the Funniest Demo Vids Ever [VIDEO]

by February 4, 2016 at 10:05 am 0 comments

The fact that the demo video is hysterically funny actually masks the fact that Notarize, which launches today, is actually a great new app in the wildly sleepy (dare I say, pathetically sleepy?) world of, you guessed it, notary publics. Because of a state law passed in 2011 — watchRead More

Nearly a Third of Lending Club Borrowers’ Income Is ‘Not Verified’

Nearly a Third of Lending Club Borrowers’ Income Is ‘Not Verified’

by February 2, 2016 at 11:55 am 0 comments

Lending Club Corp. seems to be facilitating many loans that do not include income verification. According to a Bank Innovation analysis, nearly a third of Lending Club’s loans outstanding during the first nine months of 2015 are classified as “Not Verified.” That amounts to nearly 82,000 loans. Another 43% of Lending ClubRead More

Cambridge Blockchain Wins Santander/Onevest Distributed Ledger Challenge

Cambridge Blockchain Wins Santander/Onevest Distributed Ledger Challenge

by January 28, 2016 at 12:42 pm 0 comments

Many banks are interested in using distributed ledger technology, but Santander has taken matters a step further by hosting a competition among blockchain startups. The event took place in New York yesterday at an Amazon Web Services popup loft in SoHo. Distributed ledgers are not identical to blockchains, it should beRead More

Moven Partners with Loan Refinancers Payoff and CommonBond

Moven Partners with Loan Refinancers Payoff and CommonBond

by January 27, 2016 at 9:30 am 3 comments

Moven has signed a deal to partner with Payoff and CommonBond, two companies helping borrowers refinance debt, the mobile banking service announced today. Moven is, well, movin’ these days. It’s one new initiative after another, and those in favor of financial innovation should give the Brett King-led startup a tipRead More

JPMorgan Chase’s Bose to Fireside Chat at Bank Innovation

JPMorgan Chase’s Bose to Fireside Chat at Bank Innovation

by January 21, 2016 at 6:02 pm 0 comments

Dr. Abhijit Bose, head of digital intelligence for consumer & community banking for JPMorgan Chase, will participate in a fireside chat at Bank Innovation 2016 on March 1 in Seattle.

Bank Innovation, Fiserv Partner to Launch Fintech Accelerator

Bank Innovation, Fiserv Partner to Launch Fintech Accelerator

by January 20, 2016 at 9:06 am 4 comments

Bank Innovation and Fiserv today announce the launch of Bank Innovation INV, a revolutionary fintech accelerator that will cultivate financial services startups around the world. INV is now accepting applications for its first accelerator class, which will commence this quarter.

Why We’ve Launched a Fintech Accelerator

Why We’ve Launched a Fintech Accelerator

by January 20, 2016 at 9:05 am 3 comments

In 2009, as the financial services sector boiled, Bank Innovation was launched for one simple reason: it was (or would be at the time) an imperative that banking institutions innovate. Today, that imperative is as sure as rain. Digital banking is no longer a backwater at banks. “Chief Innovation Officer”Read More

Alternative Credit Scorer Aire Heads to North America

Alternative Credit Scorer Aire Heads to North America

by January 8, 2016 at 10:56 am 2 comments

Thin file? No problem. U.K.-based alternative credit-scoring engine Aire is heading to Canada next month, and to the U.S. a few months after that, CEO Aneesh Varma told Bank Innovation this week. Aire provides lenders with data on thin-file borrowers, whose age, work history, or place of residence may have limited their creditRead More