Startups

Marketplace Lenders Share a Major Concern with Banks: Finding Borrowers

Marketplace Lenders Share a Major Concern with Banks: Finding Borrowers

by April 15, 2015 at 3:01 pm 0 comments

Marketplace lending is booming — but where are the borrowers? The LendItUSA event, taking place in New York this week, has trumpeted the victories of marketplace lending, and they are considerable: $9 billion in consumer loans written by marketplace lenders in the US alone in 2014, not to mention $5 billion in smallRead More

This Israeli Startup Just Leapfrogged Everyone with Apple Watch Payments

This Israeli Startup Just Leapfrogged Everyone with Apple Watch Payments

by April 14, 2015 at 11:53 am 0 comments

24me, an elegant “personal organizer” app built in Israel, has quietly figured out how to facilitate payments via Apple Watch. Before Apple Watch is even in consumers’ hands. The 24me Apple Watch app allows users to tap a pay feature when reviewing tasks on the Apple Watch. The Apple Watch appRead More

Start Your Company… on the Blockchain?

Start Your Company… on the Blockchain?

by April 13, 2015 at 11:03 am 3 comments

The blockchain is being put to new and creative uses — like, you know, starting a company? It turns out that Singapore-based Otonomos, one of 10 startups just announced as participants Startupbootcamp’s newly announced Singapore accelerator, will help “form, fund and govern your company on the blockchain.” It’s as simple as filling out a shortRead More

Fintech Global Tour Goes to Silicon Valley to Spot the Mega Trends

Fintech Global Tour Goes to Silicon Valley to Spot the Mega Trends

by April 10, 2015 at 2:41 am 0 comments

We had to finally come to Silicon Valley. All other innovation centers measure themselves against Silicon Valley. This is the biggest Unicorn breeding ground in the world. Silicon Valley breeds so many Unicorns that the bragging rights now only go to those who build Decacorns ($10 billion) and the onlyRead More

Average Pay for Fintech Software Engineers Tops $100k

Average Pay for Fintech Software Engineers Tops $100k

by April 9, 2015 at 9:56 am 1 comment

The average salary for a fintech software engineer is now more than $100,000, according to a Bank Innovation analysis. The exact average salary for a software engineer — a bread-and-butter position for a technology startup — is $100,188. With all the talk of an “overheating” fintech venture capital market, keeping an eyeRead More

Startup Coinshark.io Wants You to Pay Your Mortgage with Bitcoin

Startup Coinshark.io Wants You to Pay Your Mortgage with Bitcoin

by April 3, 2015 at 9:30 am 4 comments

A new startup is looking to innovate in a space that has largely been bypassed by FinTech: mortgages. There has been a great deal of action in the alternative lending space, but outside of student-loan specialist SoFi, most startups have stayed away from home loans. New entrant Coinshark.io is bringing a FinTech focus to mortgageRead More

A still from Final's video. Final looks to replace credit cards with static numbers

Just 9 FinTech Startups Present at Y Combinator’s Demo Day

by March 25, 2015 at 11:46 am 2 comments

More than 100 companies demoed at Y Combinator’s Winter Demo Day, which runs for two days and concluded yesterday. Fintech, however, was not particularly well-represented. Just nine fintech startups in all presented. Y Combinator is arguably the leading incubator in Silicon Valley, which is why fintech’s under-representation this week at DemoRead More

BankMobile Kicks Off Facebook Contest for New Product Ideas

BankMobile Kicks Off Facebook Contest for New Product Ideas

by March 24, 2015 at 7:11 am 0 comments

BYOB is not about bringing your own bottle any more. For BankMobile, the mobile-first bank launched in January by Phoenixville, Pa.-based Customers Bank, BYOB means “build your own bank.” The company is offering $5,000 for the “best banking idea” in a BYOB contest launched on its Facebook page yesterday. BankMobile’s mobile app offers top-of-the-line mobileRead More

10 Coolest Brands in Banking 2015

10 Coolest Brands in Banking 2015

by March 19, 2015 at 11:55 am 8 comments

How do you define “cool”? The Urban Dictionary (which is way cooler than other dictionaries) says “cool” is: An adjective referring to something that is very good, stylish, or otherwise positive. [As in,] Your computer is very cool. Welcome to our fourth annual list of the 10 financial services brandsRead More

Bank Innovation, Open Bank Project Form API Research Partnership

Bank Innovation, Open Bank Project Form API Research Partnership

by March 16, 2015 at 11:16 am 4 comments

Bank Innovation has teamed with the Open Bank Project to conduct a research initiative surrounding the use of APIs in banking. Specifically, Bank Innovation and the Open Bank Project will undertake a research survey to better understand how banks worldwide are prioritizing API initiatives and why. We intend for the query to uncoverRead More

Coolest Brands 2015: AppleThe Global Brand Cometh

Coolest Brands 2015: Apple

The Global Brand Cometh

by March 15, 2015 at 6:00 pm 2 comments

Perhaps you’ve heard of this thing called Apple Pay? Perhaps you will also recall that more than a few “experts” proclaimed NFC dead. Years ago. Yet, along comes Apple — bolstered by a little something called the iPhone — and completely turns the payments game upside down to the pointRead More