MasterCard announced a new series of 10 hackathons spanning the globe today. The series will focus on developers and be called MasterCard Masters of Code. You might be forgiven for thinking this was a new announcement for an old event. MasterCard has sponsored a number of FinTech events already in 2014,Read More
Forget the Year of the Horse (apologies to our Chinese readers), but for the banking innovation industry, 2014 was the Year of the Apple Pay. Indeed, Apple Pay changed the financial services landscape this year, and especially on the retail, changing perceptions of how products should launch, how mobile paymentsRead More
Two of the banking innovation industry’s most dynamic — and experienced — executives will participate in fireside chats at Bank Innovation 2015, the annual gathering of banking innovation professionals for in-depth discussions on the future of financial services.
And then there were three. Bank of America has joined JPMorgan and Wells Fargo & Co. in releasing an Apple Pay ad. Some industry experts have described the discounted rate banks gave to Apple as a marketing expense, and many banks have indeed touted their Apple Pay connection. But soRead More
Mint announced yesterday that its app had been updated and that it had added bill pay. In a separate app. You may recognize the new app, called Mint Bills, because it is better known as Check, formerly PageOnce. Intuit, which bought Mint for $170 million in 2009, bought Check forRead More
GoBank is removing some friction from its onboarding process.
Major changes are in store for US Bank’s mobile app in 2015. Niti Badarinath, senior vice president and head of mobile banking and payments, told Bank Innovation Monday that the bank would continue to push the envelope in imaging, as well as invest in beacon technology to personalize the banking experience.Read More
The financial education portal Phroogal has spent the last year in beta and will launch in late 2014, co-founder Jason Vitug told Bank Innovation this weekend. Phroogal, a New Jersey-based social platform for millennials to share financial questions and answers, now counts more than 10,000 registered users and has 14,000 answers posted — all with zero marketing outlay.
Operation Choke Point is a coordinated effort by the Department of Justice (DOJ) in conjunction with the Federal Trade Commission (FTC) and the Federal Deposit Insurance Corporation (FDIC) to hold financial institutions and their payment processor partners responsible for allegedly illegal acts committed by merchants and other third-party payees.
The DEMOvation Challenge is Back. After a successful launch in 2014, Bank Innovation 2015, on March 2-3 in Seattle will once again host an exclusive DEMOvation session. The DEMOvation session will kick-off Day Two of the conference, which brings together FinTech mavens with innovative bankers for a series of in-depth discussions.
LendingClub’s IPO, which was trading 65% higher than its IPO price today, is big news here in the United States. But the peer-to-peer credit company might be more notable news in France. As has been well-documented, LendingClub’s founder, Renaud Laplanche, is French. He appears to have more notable status there, although he livesRead More