Post Tagged with: "Facebook"

Finance Brands Will Beat Fintechs by 2021, Roubini Says

Finance Brands Will Beat Fintechs by 2021, Roubini Says

by September 21, 2016 at 10:35 am 0 comments

A new report released today by Roubini ThoughtLab holds quite a few insights about the future of wealth management, the future of fintech, and the future of technology, most notably the conclusion that financial institutions with strong brand awareness will be the last ones standing by 2021–not fintechs. According toRead More

SMS No Longer Secure for 2-Factor Authorization

SMS No Longer Secure for 2-Factor Authorization

by July 27, 2016 at 2:38 pm 1 comment

It might be time to say goodbye to those text messages containing PINs to help you log into your favorite banking site. The U.S. National Institute of Standards and Technology (NIST) released a draft of its latest guidelines on digital authentication this week, and it contains a disturbing bit ofRead More

Can Facebook Messenger’s Two New Security Features Help Banks?

Can Facebook Messenger’s Two New Security Features Help Banks?

by July 8, 2016 at 10:40 am 1 comment

Facebook Messenger is increasing its security in a bid to be your primary messaging app — and maybe your primary banking app, too. A limited number of Facebook Messenger’s more than 900 million users gained access to two new security features today: end-to-end encryption, meaning only the sender and recipient can viewRead More

Is ‘Buy with Facebook’ Finally Coming?

Is ‘Buy with Facebook’ Finally Coming?

by July 6, 2016 at 11:34 am 2 comments

Whatever happened to the “Buy with Facebook” button? Back in 2014, Stripe confirmed that it was working with Facebook on a “Buy” button for the social media giant. From Recode: Facebook first began testing a “Buy” button within the News Feed in July [2014], and payments startup Stripe has been taskedRead 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

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

Why Do Banks Consistently Ignore Their Text Banking Apps?

Why Do Banks Consistently Ignore Their Text Banking Apps?

by May 26, 2016 at 1:15 pm 2 comments

Many banks have them. Many banks spend money on them. Nearly all of those banks ignore them. The “them” is text banking apps, and the degree to which they have been marginalized baffles me. Earlier this week, I asked a top innovation executive at one of this nation’s largest financialRead More

Payments Down, While Ad Revenue Soars for Facebook

Payments Down, While Ad Revenue Soars for Facebook

by April 28, 2016 at 2:33 pm 0 comments

Facebook expects its payments revenue for 2016 to come in lower than 2015. The company couldn’t be more clear: ads are “the big focus.” The company’s ad revenue this quarter soared 57% year over year, hitting $5.4 billion, of which $4.2 billion – 82% – was mobile. In comparison, totalRead More

TD Bank Stays Human in Facebook Messenger Customer Service

TD Bank Stays Human in Facebook Messenger Customer Service

by April 18, 2016 at 10:29 am 0 comments

There’s a lot of talk about mobile growth and Facebook Messenger lately. The service has something north of 800 million active users, and some counts put it at 900 million. Part of this talk is the nature of the mobile Goliath we’re collectively viewing in the wake of fintech acceleration,Read 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