If you’re in charge of a mobile bank, you’d think your top competition would be — well, other mobile banks, but evidently that isn’t the case, at last for one neobank. “Our competitors are the incumbents, the Bank of Americas and Chases of the world, which have banking products thatRead More
Post Tagged with: "Mobile Apps"
It shouldn’t be a surprise to see Credit Karma’s mobile app in this week’s top slot for finance apps on Google Play—finance-wise, that seems like the app to beat—but what is a little surprising is the continued reign of Venmo on the iOS side. PayPal’s P2P service app is on aRead More
No matter what time of year or how the economy is, mobile app users are concerned with their credit. How else to explain the continuing reign of Credit Karma atop the finance mobile app heap? But the real surprise may be that PayPal’s P2P app Venmo is top dog amongRead More
Chase Mobile and Credit Karma are locked in a struggle to claim the number one slot among finance apps this week, with Chase Mobile topping the iOS charts and Credit Karma emerging as number one for Google Play. PayPal and Wells Fargo Mobile also vied for spots four and five on the lists,Read More
Bank of America last Tuesday introduced version 7.0.0 of its iPhone mobile app, and it was noteworthy largely because of one new feature: it gives consumers access to their credit scores. Bank of America is believed to be one of the few financial institutions to offer consumers unfettered access to their creditRead More
Ally Financial is betting that negative reinforcement can have a positive effect on your wallet. The bank launched a new app this week — still in beta — dubbed “Splurge Alert.” The app asks users to identify stores and areas where they tend to overspend, from coffee shops to malls,Read More
Pentagon Federal Credit Union is mapping out its “next big transition” in the mobile banking space: switching its app to a customer “acquisition” channel, from a customer “maintenance” channel, Chris Martin, senior vice president of regional service centers at PenFed, told Auto Finance News, a sister publication of Bank Innovation.
VeriFone Systems Inc., the payments hardware company, is going whole hog into apps. In the second quarter of next year, VeriFone plans to unveil an app marketplace for its products and services. The app marketplace will “[enable] our clients and third-party app developers to create and deploy payment and commerce applications onRead More
Listen to this: Bankjoy, the Y Combinator alum startup, is hotly working on a banking app for Apple Watch that will rely on voice for functionality. Dick Tracy would be thrilled. Michael Duncan, the founder and CEO of Bankjoy, told us yesterday that the Apple Watch app will be doneRead More
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