Startups

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

Citi’s Jerusalem Challenge Offers ‘Gateway’ to Startups

Citi’s Jerusalem Challenge Offers ‘Gateway’ to Startups

by August 28, 2015 at 10:56 am 0 comments

Israel is a small country bursting with startups in search of wider markets. That’s why Israeli entrepreneurs appreciate opportunities like Citi Mobile Challenge, which came to Jerusalem — among a number of other cities, including London, Nairobi, Warsaw, and New York — to offer mobile innovators a chance to present to an audience of investors and technology enthusiasts.

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

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.

Fintech Startups Face a Difficult Fall Funding Season

Fintech Startups Face a Difficult Fall Funding Season

by August 24, 2015 at 12:43 pm 0 comments

We may be headed for the biggest fall season in venture funding history. Then again, given the excitement on the stock market this morning, maybe not. A tweetstorm from Mattermark CEO Danielle Morrill offering advice for startups pitching in the fall funding season took over Twitter yesterday, and continued into Monday, with variousRead More

RBS to Host Hackathon with Open Bank Project

RBS to Host Hackathon with Open Bank Project

by August 21, 2015 at 11:40 am 0 comments

Royal Bank of Scotland (RBS) will join Berlin-based Open Bank Project to hold a new hackathon in the fall. Called Hack/Make the Bank, the event will be held in Edinburgh, Scotland, the weekend of Oct. 9. The Open Bank Project (OBP) is best known for building an open-source API forRead More

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

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?

P2P Comes to Wearables with Square Cash for the Apple Watch

P2P Comes to Wearables with Square Cash for the Apple Watch

by August 18, 2015 at 10:08 am 0 comments

Peer-to-peer payments have arrived on wearable devices with the arrival today of Square Cash for the Apple Watch. The service, with offers a simple numerical keyboard on smartphones, employs a dollar-bill layout on the watch, as seen here. Users tap bills until the correct amount is reached, similar to CIBC’sRead More