PFM

Bankjoy Is Building an Apple Watch App Centered On … Voice

Bankjoy Is Building an Apple Watch App Centered On … Voice

by September 1, 2015 at 10:38 am 0 comments

Listen to this: Bankjoy, the Y Combinator alum startup, is hotly working on a banking app for Apple Watch that will rely on voice for functionality. Dick Tracy would be thrilled. Michael Duncan, the founder and CEO of Bankjoy, told us yesterday that the Apple Watch app will be doneRead More

It Is Time for Banks to ‘Pivot’

It Is Time for Banks to ‘Pivot’

by August 28, 2015 at 11:57 am 2 comments

Bankers need but one mantra today: “my bank is a technology company, my bank is a technology company.” And exhale. The truth is this concept appears to be incredibly difficult for the vast majority of American banks to fully grasp even today — unlike European banks, for example. Why exactlyRead More

Banks Lose to Fintechs in App Store Ratings

Banks Lose to Fintechs in App Store Ratings

by August 26, 2015 at 11:57 am 1 comment

The mobile banking apps of the 10 largest banks in the U.S. just don’t measure up. The average iOS iTunes score for those apps is short of the average score for the most popular fintech apps — make that, well short. On a scale of one to five, with five being theRead More

Bank Innovation Inks Partnership With LeumiTech for Israel Event

Bank Innovation Inks Partnership With LeumiTech for Israel Event

by August 20, 2015 at 12:23 pm 0 comments

Bank Innovation today formed a wide-ranging partnership with LeumiTech, the high-tech services unit of Israel-based Bank Leumi, for its upcoming Bank Innovation Israel. Bank Leumi is Israel’s second-largest bank by assets.

Top 20 Finance Apps: Robinhood Hits the Mark

Top 20 Finance Apps: Robinhood Hits the Mark

by August 20, 2015 at 11:30 am 1 comment

Robinhood, a startup promising free stock trades, made a strong showing in rankings for Google Play store finance apps, coming in at No. 7, putting it ahead of Google Wallet, Venmo, Citibank, and US Bank. Based in Palo Alto, Calif., Robinhood has $66 million in funding and is commonly citedRead More

Unicorn-Hunting in Israel

Unicorn-Hunting in Israel

by August 19, 2015 at 9:27 am 0 comments

When will the first fintech unicorn rear its head in Israel?

SunGard Acquisition Makes FIS the Beast of Fintech

SunGard Acquisition Makes FIS the Beast of Fintech

by August 12, 2015 at 10:43 am 0 comments

Meet the new King of the Fintech Hill: FIS. Today, FIS effectively became the largest financial services technology company in the world by revenue, as it agreed to acquire SunGard for $9.1 billion. Just consider these stats for the new FIS: $9.2 billion of pro forma revenue (FY 2014); 90%Read More

DEMOvation Challenge Israel Kicks Off

DEMOvation Challenge Israel Kicks Off

by August 5, 2015 at 8:47 am 0 comments

Israel might have one of the hottest startup scenes in the world, but which fintech startup in Israel is the hottest? The DEMOvation Challenge, which officially opens today, will find the answer to that question. The DEMOvation Challenge invites fintech startups to submit entries to win a complimentary demo slot at Bank Innovation Israel 2015, Nov. 10-11 in Tel Aviv.

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