Post Tagged with: "consumer banking"

Secco Bank and the Future World of MyDigitalAssets

Secco Bank and the Future World of MyDigitalAssets

by September 22, 2016 at 2:00 am 0 comments

During a webinar focused on Digital Wealth Management for one of our clients, I thought that I would poke the audience by discussing a Future World in which we all create wealth by investing in our Digital Assets. I started by referring to MyCreditScore, as a Digital asset, only becauseRead More

Wells Fargo Scandal and the Creative Destruction 7 Act Play

Wells Fargo Scandal and the Creative Destruction 7 Act Play

by September 21, 2016 at 1:00 am 0 comments

Image source My eyes usually glaze over at headlines about Banks getting fined for yet another scandal. Yawn, just a cost of doing business, too much regulation, a few rogue traders, move on, nothing new to see here. But there was something different about the Wells Fargo story. This wasRead More

The humble prepaid card is the bridge to digital payments

The humble prepaid card is the bridge to digital payments

by September 12, 2016 at 1:00 am 1 comment

Image source Q. What is a mobile wallet?  A. It’s a prepaid card without the plastic.  The future needs a bridge. That bridge is a plastic prepaid card. Consumers get used to the action of paying with electronic cash; the delivery innovation comes later. Think of Netflix starting with DVDsRead More

Income: Any Fintech to Fill in the Supply Shortage?

Income: Any Fintech to Fill in the Supply Shortage?

by August 10, 2016 at 1:00 am 1 comment

How to earn Income from financial assets has become the million dollar question. It seems that one has to choose a significant trade-off between income and credit risk, liquidity risk or interest rate risk. Welcome to a world in which Disney just placed $2billion of corporate bonds-notes ranging from 3yrsRead More

ChatBots in Consumer Banking

ChatBots in Consumer Banking

by August 2, 2016 at 1:00 am 0 comments

Image courtesy of SuitPossum This is Day 5 of ChatBot Week on Daily Fintech. You can see the intro and index here. How Much? ChatBots are great when customers want answers to various “how much” type questions, such as how much…. Have I got left? Will this cost me inRead More

4 Scenarios for Lending Club – the proxy for Fintech disruption or hype $LC

4 Scenarios for Lending Club – the proxy for Fintech disruption or hype $LC

by July 22, 2016 at 1:00 am 1 comment

When Lending Club did its IPO in December 2014 I declared it as the Netscape moment for Fintech (when it became conventional wisdom that this was going to change the world). I could be accused of contributing to the Fintech hype, which became intense in 2015 with investors flooding intoRead More

Banking API innovation from emerging and frontier markets

Banking API innovation from emerging and frontier markets

by July 21, 2016 at 1:00 am 1 comment

Two big themes on Daily Fintech are: First the Rest, then the West (the idea that innovation in the 20th century flowed from the West (America and Europe) to the Rest (Of the World, aka ROW, emerging, developing, frontier, high growth) and in the 21st century that flow of innovationRead More

Will deposit accounts be the next wave of fintech innovation?

Will deposit accounts be the next wave of fintech innovation?

by July 20, 2016 at 3:58 am 1 comment

Image Credit: TaxRebate.org.uk There’s one sector of finance that really doesn’t get a lot of airtime when it comes to fintech – deposits. Checking accounts, savings accounts, transaction accounts – while they’re the bread and butter of banking, they’ve been relatively untouched since they were first invented. You put moneyRead More

Help us to complete this Banking API Wiki on Fintech Genome

Help us to complete this Banking API Wiki on Fintech Genome

by July 19, 2016 at 1:00 am 2 comments

A major theme that we track on Daily Fintech is the “programmable bank”, how innovation is enabled by APIs that abstract complex layers of utility services so that innovators can focus on “rebundling” (creating new UX based on integrating unbundled best of breed services). We are also big believers inRead More

India may take the lead in mobile payments by cracking the digital ID problem

India may take the lead in mobile payments by cracking the digital ID problem

by July 15, 2016 at 1:00 am 1 comment

A lot has changed since the Fintech Global Tour went to India in January 2015, when the action looked uninteresting. Days later we discovered Paytm and digging into that story we could see how India is leapfrogging the West in mobile payments. Later that year we looked at the PaymentRead More