Retail

Facebook P2P Payments Go Nationwide

Facebook P2P Payments Go Nationwide

by June 30, 2015 at 3:59 pm 1 comment

A little more than three months after its debut, Facebook Messenger‘s peer-to-peer payments service has gone nationwide. The news was announced today by David Marcus, Messenger’s vice president. Messenger payments is a debit card-only payments service. Facebook had been slowly rolling out the service since last March. Last month, Facebook saidRead More

Citibank Chooses a Well-Worn Hashtag for Its Latest Mobile App Marketing

Citibank Chooses a Well-Worn Hashtag for Its Latest Mobile App Marketing

by June 30, 2015 at 12:15 pm 0 comments

Which is better for marketing: an original hashtag or one that is well-used? Well, Citibank has chosen a hashtag — #wellplayed — that was already in circulation for its most recent, summer-infused marketing effort, which began this month to promote its mobile banking. Here’s the bank’s latest #wellplayed tweet: Summer’s heatingRead More

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

US Bank Explores the Internet of Things [VIDEO]

by June 26, 2015 at 10:08 am 3 comments

US Bank, known for its innovation in mobile banking, is also looking into the Internet of Things for financial services. See what they’ve got in the works in this video, released yesterday.

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

Square 1 Bank and What’s Messed Up About Banking

Square 1 Bank and What’s Messed Up About Banking

by June 23, 2015 at 10:06 am 0 comments

If you want to know what’s screwed up about banking, check out Square 1 Bank. Here at Bank Innovation, we decided to do a little experiment. We’ve long covered digital retail banking startups, like Simple and GoBank. But we wondered what options were available for small businesses, like, well, Bank Innovation? SoRead More

Don’t Trust Your Future to Your Core Vendor

Don’t Trust Your Future to Your Core Vendor

by June 20, 2015 at 8:54 am 1 comment

Rather than wait for innovation to come from their core vendors, banks need to stake out their own vision for the future. It’s become too easy for small and medium-sized banks to depend on innovation coming from their core vendors. Most of these institutions have limited resources for developing theirRead 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