Retail

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 0 comments

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 0 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

BankMobile Offers ‘VIP Experience’ to Lure Millennials

BankMobile Offers ‘VIP Experience’ to Lure Millennials

by May 20, 2015 at 5:16 pm 0 comments

Customers depositing $1,500 a month into their BankMobile accounts will automatically qualify for a VIP service, which includes refunding all ATM fees incurred, and access to a financial coach, the company announced today. The move signals the bank’s need for deposits and depositors. BankMobile’s explicit target group is millennials, but theyRead More

Simple Shows Off Goals, Tugs Heartstrings [VIDEO]

by May 19, 2015 at 5:03 pm 0 comments

Simple shows off its savings goals in an effective and emotional video, released today. Simple, a branchless bank account, was bought by BBVA in 2014 for $117 million.

PayPal Hit with CFPB Fine for ‘Illegally’ Pushing Credit Products

PayPal Hit with CFPB Fine for ‘Illegally’ Pushing Credit Products

by May 19, 2015 at 12:10 pm 0 comments

PayPal will pay $25 million for allegedly signing customers up for its credit products without permission, $10 million to the Consumer Financial Protection Bureau (CFPB) and $15 million to consumers, the bureau announced today. PayPal is accused of deceptively advertising promotions it does not honor, and pushing customers into its credit products without properRead More

BankMobile Is All In on Millennials [VIDEO]

by May 18, 2015 at 3:21 pm 0 comments

Every bank wants more millennial customers. They may not have high balances, take out loans, or show loyalty to financial institutions, but — well, someday they will. Maybe. Many banks have advertising targeting millennials, but this one may take the prize. Instead of having a branch at the corner ofRead More

Do Consumers Trust Banks Enough to Help Control Their Finances?

Do Consumers Trust Banks Enough to Help Control Their Finances?

by May 18, 2015 at 11:00 am 1 comment

Banks are exceeding customer expectations in digital services, but failing in matters of trust, according to a new survey from Fidelity National Information Services Inc. (FIS). But if they are able to leverage their digital know-how to help customers gain better control of their financial lives, consumer trust should follow,Read More

Moven Preps PayPal Integration, Global Growth

Moven Preps PayPal Integration, Global Growth

by May 15, 2015 at 11:53 am 0 comments

Moven is expanding to new geographies and increasing customers’ money movement options with a PayPal integration. Financial services these days are built on APIs, integrations, and partnerships. Which systems can you connect to make your customer’s life easier? Which partners can help you fulfill your mission of building the best productRead More

In the Bank Account of the Future, Context is King

In the Bank Account of the Future, Context is King

by May 14, 2015 at 11:51 am 0 comments

SAN JOSE, Calif. – Three companies gave Finovate attendees a look at the bank account of the future yesterday: Moven, CBW Bank/Yantra Financial, and NAMU. The second and concluding day of the conference saw 31 companies show their wares, and a major theme was providing context around transactions. As RonRead More

CIBC First to Launch Funds Transfer for Apple Watch

CIBC First to Launch Funds Transfer for Apple Watch

by May 14, 2015 at 9:27 am 1 comment

While fintech was focused on Finovate — around 1,500 #finovate tweets were generated during this week’s event in San Jose, Calif. — CIBC quietly released on Tuesday what appears to be the first Apple Watch app to allow for funds transfer. CIBC, the Canadian bank, officially released its Apple Watch offering on Tuesday.Read More