BBVA Ventures is no more — the bank has spun off its $100-million venture arm into a separate LLC, Propel Ventures, a $250-million fund. Propel will be a new entity with a traditional venture capital structure, said Jay Reinemann, partner of the new venture. It will be based in SanRead More
JP Nicols, co-founder of the Bank Innovators Council, hosts this Feb. 12 episode of “Breaking Banks” from London on Finovate Europe, and its focus on wealth management and capital markets. The episode also features Ghela Boskovich of FemTech Leaders. Bank Innovation has partnered with “Breaking Banks” to syndicate shows onRead More
Scott Totman, head of mobile technology, payments, and innovation at Capital One, will join the Proof of Concepts panel at Bank Innovation in Seattle on Feb. 29. The panel touches on what is perhaps the central theme of the conference — how do banks and fintech startups work together?
Blockchain may be the payments industry’s greatest recent success story. No, really. Which other payments technology, in recent years, has developed so far so fast as the blockchain? (We’d better call say distributed ledgers, of which blockchains are one example, but it doesn’t quite roll off the tongue.) Even further, blockchain has broken beyond paymentsRead More
Stash, a new investing app for millennials, announced a $3 million raise today, bringing its total funding to $4.5 million. “70% of people under 30 don’t invest,” CEO David Ronick told Bank Innovation. “They say, ‘We know we need to save and invest,’ but it’s intimidating. Buying a share of Apple forRead More
As part of a new partnership, Bank Innovation will syndicate the radio program “Breaking Banks” on the Bank Innovation website. The most recent episode of “Breaking Banks” featured CBW Bank, Ripple, and Bank Innovation and Fiserv discussing Bank Innovation INV, the new fintech accelerator.
Long live the fintech accelerator. With all due respect to American Banker‘s BankThink portal and Forrester Research, the future could not be brighter for fintech accelerators, and I write that not just because Bank Innovation has launched an, er, fintech accelerator with Fiserv, U.S. Bank, and Cross River Bank. Last week,Read More
It’s now easier and faster than ever to hook into the ubiquitous Automated Clearing House network, thanks to Dwolla. With the new version of its bank transfer API, released yesterday, Dwolla may not be able to speed up ACH settlement times, but everything else about the experience should be faster for impatientRead More
The fact that the demo video is hysterically funny actually masks the fact that Notarize, which launches today, is actually a great new app in the wildly sleepy (dare I say, pathetically sleepy?) world of, you guessed it, notary publics. Because of a state law passed in 2011 — watchRead More
It is a sad truth: AML violations have cut the innovation practice at The Bancorp. The Bancorp, which released earnings yesterday, arguably has been a leading advocate for fintech over the last several years, notably providing the bank charter behind Simple. But The Bancorp is facing regulatory scrutiny for itsRead More
Peter Drucker once famously stated “Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window.” With this in mind, yet nonetheless undaunted, Carlisle & Gallagher Consulting Group decided to go for a proverbial drive downRead More
Free demo slot, anyone? This week is the last chance for startups to apply for a free demo slot at Bank Innovation in Seattle on March 1.