PFM

Digital Customers at BBVA Hit 30% of Total

Digital Customers at BBVA Hit 30% of Total

by August 3, 2015 at 11:11 am 0 comments

BBVA is continuing its march to digitalization. The Spanish bank, among the world’s most aggressive in pursuing a digital strategy, now counts 30% — or 13.5 million — of its active customers as digital consumers, BBVA revealed Friday. Carlos Torres, chief operating officer and president, told investors that BBVA’s “exponentialRead More

Share of Digital Sales at Bank of America Hits 60%

Share of Digital Sales at Bank of America Hits 60%

by July 16, 2015 at 11:42 am 1 comment

Bank of America might want to change its name to Digital Bank of America. The Charlotte, N.C., megabank is more digital bank than conventional financial institution today. That’s because 60% of the bank’s “sales” are “all digital now,” Brian T. Moynihan, Chairman and CEO of Bank of America, told investorsRead More

The Rise of the Fintech Intermediary Ecosystem

The Rise of the Fintech Intermediary Ecosystem

by July 7, 2015 at 4:02 pm 0 comments

Here’s a quiz for you: Which commands a greater price today: A) a financial product; or B) the distribution of that financial product? If you answer B, then you were right — or you work at Xignite. Xignite, which is raising a new round of funding, has made its business beingRead More

The Shot Heard ‘Round the Banking World

The Shot Heard ‘Round the Banking World

by June 29, 2015 at 8:44 am 6 comments

One of the highlights of this year’s Next Bank USA conference  held June 16th in New York was the session titled “The Great Debate: Who will Rule Banking in the Future – Banks or FinTechs?”  Bank Innovation’s Phil Ryan summarized the session well in his recent post here. The panelistsRead More

2015 Innovators to Watch: 44 Executives Shaping the Future of Banking

2015 Innovators to Watch: 44 Executives Shaping the Future of Banking

by June 24, 2015 at 11:49 am 10 comments

The technology matters. The ideas matter. The business models matter. The use cases matter. The customer experience matters. The people of innovation matter most. Nothing gets done or innovated in banking without entrepreneurs, bankers, VCs, service providers who have the vision to see what cannot be seen today, to discernRead More

‘FinTech 2.0′ Drops Disruption for Collaboration

‘FinTech 2.0′ Drops Disruption for Collaboration

by June 19, 2015 at 11:11 am 3 comments

The latest crop of Innotribe startups don’t talk about disrupting banks. They want to be built into banks’ software. Kevin Johnson, Innotribe Startup Challenge manager, said yesterday that while FinTech 1.0 was about disruption, FinTech 2.0 is about the C-word: collaboration. The fourth and final leg of Innotribe’s 2015 Startup ChallengeRead More

Introducing Bank Innovation Israel, Nov 10-11 in Tel Aviv

Introducing Bank Innovation Israel, Nov 10-11 in Tel Aviv

by June 18, 2015 at 11:05 am 0 comments

They don’t call it Startup Nation for nothing. With the exception of Silicon Valley, Israel is the world’s top incubator for startups — and fintech is increasingly becoming hot there. Some of the world’s most remarkable fintech startups have their roots in Israel, while big-names banks are starting — orRead More

Will Nonbanks Kill the Banks?

Will Nonbanks Kill the Banks?

by June 18, 2015 at 10:00 am 2 comments

Which will win out in the end, fintech companies or banks? That was the question debated by three financial services professionals and a futurist at Next Bank USA 2015 in New York yesterday. Moven CEO Brett King was joined by digital media executive Robert Tercek to argue the case forRead More

Brett King today espousing the virtues of next-generation artificial intelligence.

With More AI Comes Refinement, Not Revolution, in Banking

by June 17, 2015 at 11:59 am 1 comment

This has nagged me for some time: if it is so easy to build a financial model today, why am I not inundated with model-driven financial services? No company is offering me a “smart” payment card that automatically switches between debit and credit depending on money costs. No company is offeringRead More

Banking Calendar Wins BankMobile Contest [VIDEO]

Banking Calendar Wins BankMobile Contest [VIDEO]

by June 16, 2015 at 10:58 am 0 comments

BankMobile, the mobile bank brand from Customers Bank, launched a contest in March offering $5,000 for the best new banking idea. Called “Build Your Own Bank,” the contest drew hundreds of entries from BankMobile customers, and earlier this month, the winning idea was announced. A young woman named Stephanie Hallgarth won theRead More

Bank of the West Bakes PFM Into Its Online Banking Experience

Bank of the West Bakes PFM Into Its Online Banking Experience

by June 1, 2015 at 10:16 am 1 comment

Bank of the West has made personal financial management (PFM) capabilities an integral part of its online banking portal. The update went live May 11 and was made public late last week, said Jamie Armistead, executive vice president and head of digital channels. Armistead said the change constituted an overhaul of notRead More