PFM

The Shot Heard ‘Round the Banking World

The Shot Heard ‘Round the Banking World

by June 29, 2015 at 8:44 am 3 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 3 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

Top 5 Reasons to Read Ron Shevlin’s New(ish) Book

Top 5 Reasons to Read Ron Shevlin’s New(ish) Book

by May 22, 2015 at 11:28 am 1 comment

In a sense, if you’ve been reading Ron Shevlin’s Snarketing 2.0 blog, now part of The Financial Brand, you have already read his book Smarter Bank, published Jan. 30. Much of the material is familiar, but lacking the vibrant comment section that followed those online posts. So why would anyone in FinTechRead More

Dubious and Disturbing ‘Pay to Play’ in FinTech Media

Dubious and Disturbing ‘Pay to Play’ in FinTech Media

by May 22, 2015 at 10:58 am 2 comments

This week, Columbia University Graduate School of Journalism, my alma mater, graduated its latest class of students. The graduation had me thinking about journalism and media ethics, and that led me to call for a public outcry over the ever-increasing “pay to play” media in fintech. You may not know this (or maybeRead More

Venture Funding for FinTech Climbs 62% YOY, New Data Shows

Venture Funding for FinTech Climbs 62% YOY, New Data Shows

by May 21, 2015 at 11:49 am 0 comments

FinTech venture funding continues to increase. A total of $520 million was invested in financial services startups last quarter, up from $289 million during the last quarter of 2014 and $321 million, in the same quarter last year — a 62% year-over-year increase — according to new data from PricewaterhouseCoopers’s MoneyTreeRead More