At Bank Innovation 2014 in Seattle this past March, Accenture’s head of wearable technology, Brent Blum, asked the audience, “Why don’t more banks partner with design firms?” Why not indeed?
Post Tagged with: "Capital One"
9. Scott McCormack, President, Social Money Social Money is a fintech startup with a number of products, including SmartyPig — an innovative take on that peskiest of financial products, the savings account. With a social take on savings and goals — sharing them with friends — Social Money is aRead More
If you know bitcoins, Capital One Financial Corp. wants to hire you. Specifically, Cap One is looking to hire data scientists with extensive knowledge of Bitcoin, cryptocurrency, and other emerging technology, according to a job posting on its career page. First noted by Coindesk, the job posting is for aRead More
I haven’t met many chief digital officers of banks. I doubt you have, either. Despite the claims from American Banker‘s Penny Crosman yesterday, who wrote that the bank “chief digital officer” is on the rise, I still see digital bankers occupying something of an alternative universe in the banking world.Read More
It just got easier for Huntington customers to see how much money they have. Huntington Bancshares today announced a new feature called Quick Balance to its mobile app that allows users to check account balances with a swipe, without inputting a username or password. Maureen Brown, public relations director withRead More
First, BBVA purchases Simple to own substantial banking technology. Now, it is making its play to own the players who can invent the next FinTech innovation. Yesterday, BBVA scored two substantial hires, stealing Jeff Dennes from SunTrust Banks Inc. to head BBVA’s business development and digital transformation division, and MarkRead More
It’s no longer the Wild West for virtual currency startups — all 2,000 of them. The regulators (and tax collectors) have virtual currencies in their cross-hairs, and the startups must learn to operate in a regulated space. There is tension in the bitcoin community over compliance. There will always beRead More
Have you seen many Capital One ads lately? It’s not your imagination; there are lots. In discussing its stress test results (PDF) last Friday, the bank dropped the following nugget about its marketing: As a result of our concentration in consumer lending, our marketing budget is disproportionately large compared to mostRead More
Capital One Financial Corp. is now offering its credit customers more information about their credit scores within the bank’s mobile app. The functionality is provided by the credit bureau TransUnion. Beginning later this month, Capital One credit card customers logging in to their accounts online or on mobile devices will see aRead More
NFC is back and on the move. Visa and MasterCard both announced support for host-card emulation (HCE) this week and that means near-field communication (NFC), long thought to be finished in the contactless payments world, is alive and doing quite well, thank you. HCE was built into the latest version ofRead More
At Capital One Financial Corp., the need for compressed IT production cycles has led to significant changes in the way the bank pursues its innovation projects, including changing the very teams that build them out, says the bank’s chief information officer, Robert Alexander. This is driven by the “7 toRead More