Retail

It Is Time for Banks to ‘Pivot’

It Is Time for Banks to ‘Pivot’

by August 28, 2015 at 11:57 am 0 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

Coin 2.0 Lacking [VIDEO]

Coin 2.0 Lacking [VIDEO]

by August 28, 2015 at 10:39 am 0 comments

Coin, the card aggregation device, introduced its version 2.0 device with NFC capabilities a couple of days ago, and it is, well, lacking. Below is a demo of the device. Coin 2.0 reportedly started shipping on August 26 “to all backers.” The company originally said it would start 2.0 shipments last April. The upgradeRead More

Banking in the Age of the Jetsons

Banking in the Age of the Jetsons

by August 27, 2015 at 1:07 pm 1 comment

What George, Jane and family can teach bankers about innovation and the velocity of change Like many kids growing up in the 1960s, I looked forward to Saturday morning cartoons. Armed with my bowl of Rice Krispies—the only time I was allowed to eat in the living room–and sporting myRead More

Amid Wild Wall Street, Fintech Outperforms Market

Amid Wild Wall Street, Fintech Outperforms Market

by August 27, 2015 at 11:08 am 0 comments

Wall Street has given investors a wild ride in recent days. That is, with the exception of fintech investors. The Bank Innovation portfolio of stocks, which includes 25 fintech companies, has dropped in value 2.24% since July 20. That compares to a loss of 9.83% for the Nasdaq since that date.Read 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

Why BankMobile Launched a Technology Company

Why BankMobile Launched a Technology Company

by August 26, 2015 at 11:36 am 0 comments

BankMobile can truly say it is more than just a bank — it’s a technology company, too. It’s a common refrain across many industries to say your company is a technology company first and a bank/phone company/ice cream store/whatever second. But a few banks are taking this a step further and using theirRead More

Citi’s Andres Wolberg-Stok Joins Bank Innovation Israel Speakers

Citi’s Andres Wolberg-Stok Joins Bank Innovation Israel Speakers

by August 25, 2015 at 12:06 pm 0 comments

Andres Wolberg-Stok, global head of emerging platforms and services for consumer banking at Citigroup, will present on mobile device security at Bank Innovation Israel in Tel Aviv this November. Andres joined Citi in 2000 and leads the team responsible for innovation in digital platforms and advanced customer features.

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

Amex Looks Further Downmarket with Cashback Prepaid Card

Amex Looks Further Downmarket with Cashback Prepaid Card

by August 19, 2015 at 6:52 pm 2 comments

American Express announced a prepaid card with 1% cash back today, calling the card the first and only one of its kind. Debit reward cards became rarities after the Durbin Amendment slashed “swipe fees” earned by issuers in 2010. Retailers, who won out with Durbin, issued some brand-specific rewards cards, but consumersRead 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?

The Bancorp, a Driver of Fintech, Skirts with Nasdaq Delisting

The Bancorp, a Driver of Fintech, Skirts with Nasdaq Delisting

by August 17, 2015 at 12:51 pm 0 comments

The Bancorp, which is the rent-a-banking-license for many top fintech ventures, is in danger of being delisted by Nasdaq. Last Friday, The Bancorp [ticker: TBBK] disclosed that it once again missed its deadline for filing its 2014 financial disclosures to Nasdaq. The Bancorp has not released financial information since lastRead More