A new app was seen rocketing to the #1 Most Downloaded App spot earlier this week. Mysteriously called “Personal Banking,” the app turned out to be the recently launched mobile app from Sovereign Bank, the Boston-based Banco Santander subsidiary. This is Sovereign’s first mobile app. Sovereign is in the midst of a rebranding effort,...
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By Michael Connor, Managing Principal I was at an industry conference recently that focused entirely on mobile wallets, listening to presenters from various industries talk about the future of mobile wallets. One thing is for sure: Nobody has any idea how and even if a mobile wallet will ever become widely used. Banks are...
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Although the core problems enterprise companies face haven’t changed, modern applications and complexities in the IT infrastructure mean they require different technical solutions and data gathering approaches. Armed with this understanding you'll be in a better position to decide what you require.
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Two new startups promise to ease the pain of borrowing money by making the lenders into your friends rather than banks. One is called Lendstar, based in Germany, and the other is Puddle. Lendstar launched last March, and unveiled more marketing last week. Puddle launched in April 2012, but the company is doing another financing...
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Both Google and Square clearly have PayPal in their sights. Both want to leverage their scale to get users on board their payments platform, starting with sending money by email. In the span of one week, both Google and Square announced that users could make payments over email – but not just any users. Google’s feature is being rolled out in stages: This...
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There is little doubt that Google Wallet adoption will spike following Google’s unveiling last week of the new Gmail payments function, which relies on Wallet. Despite this, a little-known (we might say mysterious) wallet seems to be enjoying far greater interest and appeal among Android users. If you haven’t heard of Droid Wallet, you are...
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Mobile photo bill pay is seeing faster adoption than traditional bill pay, and is also beating traditional bill pay in usage on the smartphone, according to data from the mobile software development company Malauzai. Robb Gaynor, chief product officer for Malauzai, told Bank Innovation that adoption of the company’s PicturePay product is already at 5%...
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BNP Paribas, the French bank which generated $12.9 billion of revenue last quarter, has launched the first “standalone, digital mobile bank” in Europe — and has done so with a rousing symphony. According to Finextra, a Hello Bank! account can be opened in just four steps from an Android or Apple smartphone, tablet and over...
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Finovate Day 2 Afternoon Recap, Reaction, and Ratings, from Bank Innovation Curaxian Curaxian is taking on ecommerce payment fraud. Curaxian analyzes payments data to cut down on manual review costs. Fighting fraud costs time, money and lost orders, so Curaxian is looking to automate it and stop fraud without stopping good orders. The fraud...
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We’re into Day 2 here at Finovate. Bank Innovation has been following the presentations and here’s our recap and ratings for your reading pleasure. SESSION 1 Finovera Finovera is a tool for simplifying and managing your financial life. Users can organize various accounts and pay bills without dealing with a stack of paper bills. It’s...
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