Lending

Phablets to Become Dominant Mobile Banking Device by 2020, C&G Says

Phablets to Become Dominant Mobile Banking Device by 2020, C&G Says

by January 27, 2015 at 10:01 am 1 comment

Phablets could dominate mobile banking within five years. Tablet use, on the other hand, will decline. That’s according to research released today from the financial consultancy Carlisle & Gallagher. C&G says that Americans are increasingly performing digital banking transactions interchangeably across laptops, tablets, and smartphones, including the growing category ofRead 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 2 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

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

OnDeck Launches Marketplace for Institutional Investors

OnDeck Launches Marketplace for Institutional Investors

by January 21, 2015 at 9:30 am 1 comment

Small business lender OnDeck (NYSE: ONDK) announced the launch of a platform for institutional investors today. Properly speaking, the platform soft-launched a year ago, CFO Howard Katzenberg told Bank Innovation Tuesday, and a number of institutional investors — banks, insurance companies, hedge fund, mutual funds — have been piloting it. ButRead 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.

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

Fidor Bank License-as-a-Service Model Changes the Full-Stack Bank Debate

Fidor Bank License-as-a-Service Model Changes the Full-Stack Bank Debate

by January 12, 2015 at 2:28 am 2 comments

This tweet by Marc Andreessen in February ignited a debate: @cdixon @JackGavigan @Kwdmiller @aweissman I am dying to fund a disruptive bank. Marc Andreessen (@pmarca) February 9, 2014 “Disruptive Bank” is a vague term and that maybe deliberate phrasing from Marc Andreesseen (he does not want to pre-empt the innovation out there that is working).Read More

Amazon Offers No Indication That It Is Starting a Bank

Amazon Offers No Indication That It Is Starting a Bank

by January 6, 2015 at 12:09 pm 0 comments

Om Malik noted yesterday that Amazon offered him a payment plan for the new Kindle he was considering: Looks like @Amazon is trying out payment plans. That is from an product page for Amazon Voyage. pic.twitter.com/iHwS2pg1rg — Om Malik (@om) January 5, 2015 Hold the Fire Phone — does this meanRead More

Funding Circle Plays the Anti-Bank [VIDEO]

by January 6, 2015 at 10:08 am 0 comments

At least a dozen times during its advertisement (see below) Funding Circle, which has apparently increased its UK TV advertising recently, emphasizes that “we are not a bank.” Call it the anti-bank brand strategy. I guess that’s what you do when you are sitting on $123.2 million of funding from five VC rounds.Read More

$1.5M Round for Startup Even Led by Rabois

by January 5, 2015 at 3:18 pm 0 comments

A startup whose first product is a mobile money management application called Even, designed to offer low-income workers interest-free credit to help them make ends meet in between paychecks, has raised $1.5 million in a seed round led by Keith Rabois of Khosla Ventures, with participation from other investors. 

The State of Consumer FinTech

The State of Consumer FinTech

by December 31, 2014 at 12:52 pm 0 comments

Marc Andreessen in an interview recently said the following about finance: “We can reinvent the entire thing”. How has tech been changing finance? That’s what this piece will be about, in specific reference to consumer finance, which I think really has started to “unbundle” as Marc talks about in his interview.