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
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
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
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
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.
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
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
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
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
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.
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.