Post Tagged with: "dwolla"

Should Fintech Startups Seek Success Lower in the Stack?

Should Fintech Startups Seek Success Lower in the Stack?

by November 22, 2016 at 11:45 am 0 comments

Payments company Dwolla recently surprised much of the fintech world by announcing it was stepping back from the consumer business to focus on its B2B, API-based model. Or maybe it wasn’t so surprising. It’s no secret it’s hard to scale fintech companies — unless consumers are rich, money isn’t fun, and peopleRead More

Dwolla to Exit Consumer Space, Focus on API Offerings

Dwolla to Exit Consumer Space, Focus on API Offerings

by November 11, 2016 at 1:50 pm 1 comment

Dwolla, one of the elder statesmen of the fintech startup world, announced today it will leave the consumer space and focus on its offerings for businesses. The change will take place soon — Dec. 7. As the Des Moines, Iowa-based company put it in a blogpost: Dwolla is no longerRead More

How Will Same-Day ACH Affect Banking?

How Will Same-Day ACH Affect Banking?

by September 23, 2016 at 12:30 pm 1 comment

Slowly but surely, the waits are disappearing in banking. Mobile banking means you don’t have to wait on line at a branch (not that there would be a line these days if you went there). Accounts can be opened within minutes, and loans are approved more quickly. Perhaps most crucially, paymentsRead More

Fintech Companies Prepare for Same-Day ACH

Fintech Companies Prepare for Same-Day ACH

by August 4, 2016 at 2:20 pm 3 comments

On Sept. 23 a major milestone in the journey toward faster payments will be reached: New rules will go into effect that will enable the same-day processing of ACH payments. Vendors are working to make sure banks are ready to take advantage. Adam Anderson, CTO of Q2, a provider of cloud-based banking software, said thatRead More

Breaking Banks: Fintech Inside Banks (Warning: May Include Bitcoin)

Breaking Banks: Fintech Inside Banks (Warning: May Include Bitcoin)

by May 13, 2016 at 11:14 am 0 comments

It’s double your pleasure, double your fun with Breaking Banks today! We have last week’s show on digital currencies and their possibilities, which includes interviews with Ben Milne of Dwolla, Simon Taylor of Barclays, and Vitalik Buterin of Ethereum. Next we have this week’s episode featuring Cornerstone Advisors Director ofRead More

Dwolla CEO: Faster Payments Offer ‘Substantial New Market Opportunities’

Dwolla CEO: Faster Payments Offer ‘Substantial New Market Opportunities’

by May 10, 2016 at 11:13 am 2 comments

It looks like this faster payments thing is going to happen after all. When the Federal Reserve floated the idea of faster payments in the U.S. in 2013, it seemed like a distant dream, The Fed itself announced a 10-year time horizon. But over the past week, proposals have beenRead More

5 Best New Financial Apps 2016

5 Best New Financial Apps 2016

by May 9, 2016 at 7:24 am 3 comments

We can all agree Credit Karma, Chase Mobile, Bank of America, Wells Fargo, and PayPal aren’t leaving the Top Ten on App Annie anytime soon. But ratings and rankings aren’t everything — there’s also the cool factor. How easy is the app to use? Does it makes us feel good (evenRead More

bittersweet symphony redux?

Can a Mobile Lending App Save Millennial Credit Ratings?

by March 16, 2016 at 12:21 pm 6 comments

Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than threeRead More

Dwolla Defends Security Practices in the Face of CFPB Fine

Dwolla Defends Security Practices in the Face of CFPB Fine

by March 2, 2016 at 6:40 pm 4 comments

Dwolla, the payments startup, said that it “has never been the company’s intent to mislead anyone,” after the Consumer Financial Protection Bureau slapped it with a fine for its data security. Dwolla offered the explanation after the CFPB hit it with the $100,000 fine. Dwolla is also required to fix its securityRead More

Coolest Brands 2016: BBVA‘Innovate or Die’

Coolest Brands 2016: BBVA

‘Innovate or Die’

by February 16, 2016 at 8:46 am 2 comments

BBVA has a lot more going on than Simple, cool as that acquisition was. In Jan. 2015, CEO Francisco Gonzalez said, “Some bankers and analysts think that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. I disagree. What is more,Read More