Post Tagged with: "Facebook Messenger"

3 Fintech Startups to Watch: BillGO, Barzahlen, & Pleo

3 Fintech Startups to Watch: BillGO, Barzahlen, & Pleo

by August 3, 2016 at 12:37 pm 2 comments

It seems like new fintech startups show up daily, all vying for the top slot in the type of financial service they offer: want to find a P2P lending service? There’s dozens of startups for that. Need help with stock options or expenses? Well, there’s a few dozen startups forRead More

Amazon Alexa, Facebook Messenger on Wells Fargo’s Roadmap

Amazon Alexa, Facebook Messenger on Wells Fargo’s Roadmap

by July 7, 2016 at 11:35 am 3 comments

Wells Fargo & Co. is keeping busy on the digital payments front this summer. In late May, the bank announced it will launch a mobile wallet in the coming months. Last week, the bank joined the clearXchange realtime payments network, and will offer instant P2P payments starting August 1. Ahead of theRead More

Kasisto Introduces KAI, a Smart Bot for Banking

Kasisto Introduces KAI, a Smart Bot for Banking

by June 28, 2016 at 1:34 pm 6 comments

Are bots taking over banking? Yesterday, a Danish bank introduced a bot for simple queries (and soon, transactions) and earlier this month, San Francisco-based startup Dyme, a member of the Spring 2016 Bank Innovation INV class, released a prototype of a Facebook messenger bot whose functionality mirrors that of Dyme’s SMS-basedRead More

Danish Bank Pilots Facebook Messenger Bot

Danish Bank Pilots Facebook Messenger Bot

by June 28, 2016 at 10:59 am 2 comments

If you haven’t heard yet, bots are taking over financial services, and are bringing Facebook with them. A Danish neobank called Lunarway introduced its Facebook banking bot, Lunar Way Bot 1.0, yesterday. The chatbot responds to simple queries, for now, such as checking balance, or looking up how much you spentRead More

Dyme Releases Prototype of First Facebook Financial Chatbot

Dyme Releases Prototype of First Facebook Financial Chatbot

by June 8, 2016 at 11:46 am 3 comments

In what is believed to be a first, Dyme has developed a prototype of a Facebook Messenger bot for financial services.  Dyme, the text banking startup, gave Bank Innovation a sneak peek at the savings chatbot, which mirrors Dyme’s text application. Dyme is one of six startups in the springRead More

Craft Silicon Puts Banking into Messaging Apps

Craft Silicon Puts Banking into Messaging Apps

by April 1, 2016 at 12:55 pm 0 comments

Messaging apps dominate smartphone use, particularly by millennials, so shouldn’t banks want to be where their customers are? Craft Silicon, based in Nairobi, Kenya, certainly thinks so. It aims to help banks connect with customers by bringing simple banking functionality to messaging apps. At FinDEVr in New York Wednesday, CEO Kamal BudhabhattiRead More

Facebook Payments Takes Another Big Step Backward

Facebook Payments Takes Another Big Step Backward

by January 29, 2016 at 10:13 am 2 comments

When Mark Zuckerberg says “we don’t view ourselves as a payments business,” he’s not kidding. Facebook, the social media monolith, took a big step backward in payments last quarter, as its payments revenue dropped 21% to $204 million compared to the same quarter in 2014. Facebook’s payments revenue has been on declineRead More

Can Facebook Messenger Copy the Payments Success of WeChat?

Can Facebook Messenger Copy the Payments Success of WeChat?

by January 7, 2016 at 10:05 am 23 comments

Messaging apps are huge in payments — or rather, they may be someday. Facebook Messenger has confirmed that it is pursuing peer-to-peer payments and e-commerce, a path blazed by China’s WeChat, which has 650 million users and features multiple payment functions. That despite the fact that trust in mobile P2P money transfer is stillRead More

Facebook’s Marcus: ‘We Don’t Want to Build a Payments Business’

Facebook’s Marcus: ‘We Don’t Want to Build a Payments Business’

by October 19, 2015 at 10:30 am 1 comment

Facebook has never emphasized payments as a part of its revenue model. And it seems it won’t start now. The social media site is all about advertising revenue derived from its 1.5 billion users, but the hiring of PayPal President David Marcus in June 2014 to helm the Messenger appRead More

It Is Time for Banks to ‘Pivot’

It Is Time for Banks to ‘Pivot’

by August 28, 2015 at 11:57 am 2 comments

Bankers need but one mantra today: “my bank is a technology company, my bank is a technology company.” And exhale. The truth is this concept appears to be incredibly difficult for the vast majority of American banks to fully grasp even today — unlike European banks, for example. Why exactlyRead More