Startups

The Shot Heard ‘Round the Banking World

The Shot Heard ‘Round the Banking World

by June 29, 2015 at 8:44 am 0 comments

One of the highlights of this year’s Next Bank USA conference  held June 16th in New York was the session titled “The Great Debate: Who will Rule Banking in the Future – Banks or FinTechs?”  Bank Innovation’s Phil Ryan summarized the session well in his recent post here. The panelistsRead More

Digital Asset Holdings Buys Blockchain Startup Hyperledger

Digital Asset Holdings Buys Blockchain Startup Hyperledger

by June 26, 2015 at 10:52 am 0 comments

Call it another vote of confidence for the blockchain. Hyperledger from Hyper, which provides private blockchains to financial institutions, was bought by Digital Asset Holdings, Bloomberg reported yesterday. San Francisco-based Hyperledger won a place in Bank Innovation‘s 2015 DEMOvation Challenge, and was a semi-finalist at Innotribe’s 2015 Startup Challenge as well. AtRead More

2015 Innovators to Watch: 44 Executives Shaping the Future of Banking

2015 Innovators to Watch: 44 Executives Shaping the Future of Banking

by June 24, 2015 at 11:49 am 10 comments

The technology matters. The ideas matter. The business models matter. The use cases matter. The customer experience matters. The people of innovation matter most. Nothing gets done or innovated in banking without entrepreneurs, bankers, VCs, service providers who have the vision to see what cannot be seen today, to discernRead More

Don’t Trust Your Future to Your Core Vendor

Don’t Trust Your Future to Your Core Vendor

by June 20, 2015 at 8:54 am 1 comment

Rather than wait for innovation to come from their core vendors, banks need to stake out their own vision for the future. It’s become too easy for small and medium-sized banks to depend on innovation coming from their core vendors. Most of these institutions have limited resources for developing theirRead More

‘FinTech 2.0′ Drops Disruption for Collaboration

‘FinTech 2.0′ Drops Disruption for Collaboration

by June 19, 2015 at 11:11 am 3 comments

The latest crop of Innotribe startups don’t talk about disrupting banks. They want to be built into banks’ software. Kevin Johnson, Innotribe Startup Challenge manager, said yesterday that while FinTech 1.0 was about disruption, FinTech 2.0 is about the C-word: collaboration. The fourth and final leg of Innotribe’s 2015 Startup ChallengeRead More

Introducing Bank Innovation Israel, Nov 10-11 in Tel Aviv

Introducing Bank Innovation Israel, Nov 10-11 in Tel Aviv

by June 18, 2015 at 11:05 am 0 comments

They don’t call it Startup Nation for nothing. With the exception of Silicon Valley, Israel is the world’s top incubator for startups — and fintech is increasingly becoming hot there. Some of the world’s most remarkable fintech startups have their roots in Israel, while big-names banks are starting — orRead More

Will Nonbanks Kill the Banks?

Will Nonbanks Kill the Banks?

by June 18, 2015 at 10:00 am 1 comment

Which will win out in the end, fintech companies or banks? That was the question debated by three financial services professionals and a futurist at Next Bank USA 2015 in New York yesterday. Moven CEO Brett King was joined by digital media executive Robert Tercek to argue the case forRead More

Brett King today espousing the virtues of next-generation artificial intelligence.

With More AI Comes Refinement, Not Revolution, in Banking

by June 17, 2015 at 11:59 am 1 comment

This has nagged me for some time: if it is so easy to build a financial model today, why am I not inundated with model-driven financial services? No company is offering me a “smart” payment card that automatically switches between debit and credit depending on money costs. No company is offeringRead More

Eastern Bank Is About to Launch Its First Incubated Company

Eastern Bank Is About to Launch Its First Incubated Company

by June 15, 2015 at 11:12 am 1 comment

A modest-sized Boston bank is starting to incubate fintech startups. Eastern Bank, a $10 billion bank, is about to launch its first separate company, which was incubated and developed within the bank itself, Bank Innovation has learned. In early 2014, Eastern Bank, a mutual bank based in Boston, hired entrepreneur DanRead More

Moven Stresses Financial Planning in New Video

by June 12, 2015 at 2:00 pm 0 comments

Where Simple went for sentiment, Moven goes for laughter. The banking service’s new video, released Monday, shows a pair of millennials making plans — or, not making plans — for the future. The ad is subtle in that it doesn’t show the actual features Moven users have at their disposal, butRead More

Mobile Apps, Instant Decisioning Come to HealthCare Finance

Mobile Apps, Instant Decisioning Come to HealthCare Finance

by June 8, 2015 at 11:46 am 0 comments

Healthcare finance is due for disruption — a look at any medical bill will tell you that. The process is complex, and everyone needs healthcare at some point and is forced to muddle through the painful, archaic process. Elective healthcare, which largely operates outside the billing system run by healthRead More