PFM

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

The Secret Wearable Watch Use Case [VIDEO]

by January 26, 2015 at 10:28 am 2 comments

Intuit, purveyor of QuickBooks and Mint, among many other ventures, quietly released its vision for a banking-enabled watch a few weeks ago. How quietly? Try the video that demos its vision from its Intuit Labs skunk-works unit had 25, yes 25, views as of this morning. That the demo video features noneRead 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

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

It’s Buy, Not Build, That Drives Capital One Acquisition of Level Money

It’s Buy, Not Build, That Drives Capital One Acquisition of Level Money

by January 12, 2015 at 12:37 pm 0 comments

The old buy-versus-build debate has been settled. At Capital One. Capital One Financial Corp. said today that it had acquired Level Money, a PFm solution targeting millennial users, for an undisclosed price. The acquisition brings a beautiful application into Capital One’s portfolio, which includes the former ING Direct. It alsoRead More

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.

Alternative Lenders Dominate List of ’50 Best FinTech Innovators’

Alternative Lenders Dominate List of ’50 Best FinTech Innovators’

by December 29, 2014 at 11:35 am 1 comment

A list of the “50 Best FinTech Innovators” that has been making the rounds as the year winds down is dominated by alternative lenders. The list, assembled by Sydney-based investment firm Australasian Wealth Investments (AWI), has seen heavy sharing on Twitter among FinTech enthusiasts. Nine of the Top 20 companies are alternative lenders.Read More

Why the Facebook of Banking Won’t Own a Charter

Why the Facebook of Banking Won’t Own a Charter

by December 24, 2014 at 11:42 am 3 comments

2014 was the biggest year in FinTech by far with billions being invested globally in what is to be expected in a global growth sector. But how much was invested globally in FinTech this year? It depends on how you classify FinTech. StrategyEye estimated that there was $2.8Bn raised in 2014 via venture capitalRead More

Apple Pay Dominates Our Top 25 Posts of the Year

Apple Pay Dominates Our Top 25 Posts of the Year

by December 22, 2014 at 11:16 am 0 comments

Forget the Year of the Horse (apologies to our Chinese readers), but for the banking innovation industry, 2014 was the Year of the Apple Pay. Indeed, Apple Pay changed the financial services landscape this year, and especially on the retail, changing perceptions of how products should launch, how mobile paymentsRead More

LendingTree’s Lebda, USB’s Badarinath to Do Fireside Chats at BI ’15

LendingTree’s Lebda, USB’s Badarinath to Do Fireside Chats at BI ’15

by December 19, 2014 at 11:27 am 0 comments

Two of the banking innovation industry’s most dynamic — and experienced — executives will participate in fireside chats at Bank Innovation 2015, the annual gathering of banking innovation professionals for in-depth discussions on the future of financial services.