Security

Wells Fargo Leaks Its Ambitious Mobile Skunk Works

Wells Fargo Leaks Its Ambitious Mobile Skunk Works

by January 15, 2015 at 10:18 am 1 comment

What’s next from Wells Fargo & Co.’s mobile channel? Here are the internal projects Wells is investing in now, courtesy of none other than John Shewsberry, the megabank’s chief financial officer: Wells is building an appointment application that will allow its customers to set up meetings with Wells bankers usingRead More

How to Build a Better Bank App [SLIDESHOW]

by January 15, 2015 at 10:10 am 3 comments

This slideshow from ING data analytics specialist Natalino Buso lays out how to build a better banking app using APIs and data.

A ‘Swiss Army Knife’ for Payments?

A ‘Swiss Army Knife’ for Payments?

by January 12, 2015 at 11:02 am 1 comment

As more and more transactions move to mobile, banks may need additional ways to authenticate customers and enable transactions. Before Apple Pay launched, utilizing near-field communication (NFC) to send payment tokens to compliant terminals, industry watchers speculated that the company might go with Bluetooth Low-Energy (BLE) instead, given merchants’ well-documented loathingRead More

Sedicii Settles on Suite of 3 Products

Sedicii Settles on Suite of 3 Products

by January 8, 2015 at 10:50 am 1 comment

Identity verification company Sedicii has had a busy year since participating in Bank Innovation‘s DEMOvation Challenge in Seattle last March. The company tells us it won 10 awards for startups and privacy companies in 2014, and it was a finalists for many others. The most recent award for the Waterford, Ireland-based company wasRead More

What’s the Role for Banking and Payments at This Week’s CES?

What’s the Role for Banking and Payments at This Week’s CES?

by January 5, 2015 at 10:54 am 3 comments

The Consumer Electronics Show (CES) 2015, which officially begins tomorrow in Las Vegas, is the country’s premier event for introducing high-tech gadgets. This year will see a plethora of wearable technology, supposedly capable of measuring everything from the wearer’s mood to turning his thoughts into speech. The buzzy-est item so far appears toRead More

The State of Consumer FinTech

The State of Consumer FinTech

by December 31, 2014 at 12:52 pm 0 comments

Marc Andreessen in an interview recently said the following about finance: “We can reinvent the entire thing”. How has tech been changing finance? That’s what this piece will be about, in specific reference to consumer finance, which I think really has started to “unbundle” as Marc talks about in his interview.

Was 2014 a Bad Year for Bitcoin?

Was 2014 a Bad Year for Bitcoin?

by December 31, 2014 at 11:40 am 0 comments

As an investment, bitcoin was a particularly poor choice in 2014. You would have been better off with, well, just about anything else under the sun. Here’s the now-familiar graph of the cryptocurrecny’s value from 12/31/13 to 12/31/14, courtesy of CoinDesk: The value of a single bitcoin lost more thanRead More

Alternative Lenders Dominate List of ’50 Best FinTech Innovators’

Alternative Lenders Dominate List of ’50 Best FinTech Innovators’

by December 29, 2014 at 11:35 am 1 comment

A list of the “50 Best FinTech Innovators” that has been making the rounds as the year winds down is dominated by alternative lenders. The list, assembled by Sydney-based investment firm Australasian Wealth Investments (AWI), has seen heavy sharing on Twitter among FinTech enthusiasts. Nine of the Top 20 companies are alternative lenders.Read More

Why the Facebook of Banking Won’t Own a Charter

Why the Facebook of Banking Won’t Own a Charter

by December 24, 2014 at 11:42 am 3 comments

2014 was the biggest year in FinTech by far with billions being invested globally in what is to be expected in a global growth sector. But how much was invested globally in FinTech this year? It depends on how you classify FinTech. StrategyEye estimated that there was $2.8Bn raised in 2014 via venture capitalRead More

Primary Fintech Innovation Defined, and Why Klarna Fits the Bill

Primary Fintech Innovation Defined, and Why Klarna Fits the Bill

by December 24, 2014 at 12:38 am 1 comment

Primary innovation is doing something that has never been done before. Most primary innovation is ridiculous and fails without anybody noticing. Very, very rarely, primary innovation changes the world and the company that creates the innovation becomes a Unicorn. Secondary innovation wins by giving a twist to that primary innovation.Read More

JPMorgan Chase Hack Due to Missing 2-Factor Authentication on One Server

by December 23, 2014 at 2:12 pm 0 comments

JPMorgan Chase was among five banks that were reported to have been hacked earlier this year, and details have emerged on how the hack took place.