Robots — or more precisely, software that takes data and turns it into natural language — may be producing the next report a bank regulator reads. That’s if Narrative Science‘s latest offering takes hold. The Chicago-based software firm launched a solution for AML (anti-money laundering) processes on Nov. 10 that is currently inRead More
Card.com is focusing on the CEOS and CFOs of America — meaning mothers. The Santa Monica, Calif.-based prepaid card provider announced a Series C raise of $9 million yesterday, which will enable it to build out a host of new features in 2016, according to CEO Ben Katz, a Green DotRead More
Mobile payments company Square began trading on the New York Stock Exchange today under the ticker SQ. And that’s likely not the most important news out of Square today. CEO Jack Dorsey disclosed to CNBC from the floor of the NYSE that Square has 350,000 preorders for its EMV-enabled reader, eachRead More
SEOUL — Should traditional bankers pay heed to the soon-to-launch direct bank by Baidu, the Chinese Google, and its bank partner, CITIC Bank Corp.? Yes, in the same way that seven-year-olds find cheese melting on toast fascinating. Certainly, Baidu has the right partner in CITIC, which has around $32 billion of assets, for itsRead More
Fintech startups are everywhere, but banks still own the customer, right? Maybe not. An interesting discussion took place last week in Tel Aviv at Bank Innovation Israel between three bankers with differing viewpoints on this issue. The panel discussion, hosted by Paul Schaus, CEO of the consultancy CCG Catalyst, wasRead More
Blockchain may not be able to solve all bank problems, but it can solve most. So said Passion Capital’s Eileen Burbidge at Bank Innovation Israel last week, in discussion with Amos Meiri, CEO of Colu, a startup that provides tools for building blockchain applications. Meiri was being modest — BurbidgeRead More
Apple is doubling down on payments, but it may actually be about authentication. The Cupertino, Calif.-based tech giant is expected to launch a peer-to-peer money transfer service sometime in 2016, according to a report this week from the Wall Street Journal. Apple is no stranger to P2P — it filedRead More
TEL AVIV — BankMobile wants 1 billion users. Yes, that’s “billion” with a B. This bold pronouncement was made at Bank Innovation Israel here yesterday. Reaching the user goal would mean BankMobile expanding outside the U.S. to Latin America, India, China — well, to everywhere. BankMobile launched last January. The ambitions of the father-daughter teamRead More
TEL AVIV — Mariano Belinky is arguably the Most Famous Man in Fintech Today. And not just because of his Spanish accent. No, it’s because Business Insider made a big deal last week about how Belinky has reviewed 820 fintech startup pitches this year for the bank’s $100 million VCRead More
TEL AVIV — There’s OnDemandEconomy.org, and even @ondemandeconomy. The on-demand economy has even made its way into the presidential election. Republican presidential candidate Marco Rubio last month vowed to stifle government regulation of “on-demand” startups like Uber and Airbnb that he “considers models for a changing national economy.” The on-demand economy is generally definedRead More
Eight fintech startups competed Tuesday in Tel Aviv at Bank Innovation israel, among the first international fintech conferences to be held in Israel.
Bank Leumi CTO Ilan Buganim is taking time out of his busy schedule — more on that below — to participate in a fireside chat at Bank Innovation Israel in Tel Aviv next week. Bank Leumi has a lot going on for Buganim to oversee, including a core banking overhaul and shifting a number of banking services to the cloud.