Black Friday and its online sibling Cyber Monday are upon us again. The ads are everywhere and the preview circulars are available online. Just as you are creating your plan of attack for the wee hours of November 27th, you would be wise to consider the various payment options forRead More
Two bears, together at last — or at least two bear logos. Bank of the West was named the Official Bank of the University of California, Berkeley in late October. Both institutions use the now-extinct California grizzly bear (Ursus arctos californicus) in their logos. The ten-year deal is more than justRead More
Card.com is focusing on the CEOS and CFOs of America — meaning mothers. The Santa Monica, Calif.-based prepaid card provider announced a Series C raise of $9 million yesterday, which will enable it to build out a host of new features in 2016, according to CEO Ben Katz, a Green DotRead More
SEOUL — Should traditional bankers pay heed to the soon-to-launch direct bank by Baidu, the Chinese Google, and its bank partner, CITIC Bank Corp.? Yes, in the same way that seven-year-olds find cheese melting on toast fascinating. Certainly, Baidu has the right partner in CITIC, which has around $32 billion of assets, for itsRead More
Fintech startups are everywhere, but banks still own the customer, right? Maybe not. An interesting discussion took place last week in Tel Aviv at Bank Innovation Israel between three bankers with differing viewpoints on this issue. The panel discussion, hosted by Paul Schaus, CEO of the consultancy CCG Catalyst, wasRead More
Bank wallets continue to gain ground and add functionality the tech giants will have trouble replicating. Capital One led the way by enabling POS transactions from its mobile app, and JPMorgan Chase followed up with an announcement of Chase Pay, expected in mid-2016. But today BBVA Compass announced the realtime redemptionRead More
TEL AVIV — BankMobile wants 1 billion users. Yes, that’s “billion” with a B. This bold pronouncement was made at Bank Innovation Israel here yesterday. Reaching the user goal would mean BankMobile expanding outside the U.S. to Latin America, India, China — well, to everywhere. BankMobile launched last January. The ambitions of the father-daughter teamRead More
TEL AVIV — Mariano Belinky is arguably the Most Famous Man in Fintech Today. And not just because of his Spanish accent. No, it’s because Business Insider made a big deal last week about how Belinky has reviewed 820 fintech startup pitches this year for the bank’s $100 million VCRead More
TEL AVIV — There’s OnDemandEconomy.org, and even @ondemandeconomy. The on-demand economy has even made its way into the presidential election. Republican presidential candidate Marco Rubio last month vowed to stifle government regulation of “on-demand” startups like Uber and Airbnb that he “considers models for a changing national economy.” The on-demand economy is generally definedRead More
Bank Leumi CTO Ilan Buganim is taking time out of his busy schedule — more on that below — to participate in a fireside chat at Bank Innovation Israel in Tel Aviv next week. Bank Leumi has a lot going on for Buganim to oversee, including a core banking overhaul and shifting a number of banking services to the cloud.
With the fintech startup community booming, banks need to be plugged into that community to stay ahead of digital disruption. Every bank will need to work with startups in some way to grow their business in an environment that is so ripe for digital disruption. The catalyst for digital technologyRead More
EIght startups have been chosen as finalists in the DEMOvation Challenge at Bank Innovation Israel 2015. The finalists will demo their products at Bank Innovation Israel next week in Tel Aviv.