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
Post Tagged with: "Mobile Apps"
Wells Fargo & Co. has ditched BlackBerry for its mobile banking apps, as well as cut support for some iPhones.
Why can’t banks generate the kind of media buzz of an Apple?
No one likes paying bills, but we all have to do it. Managing bills is a tedious and frustrating task for most — and several new ventures are taking renewed aim at this pain point. Google Now Google Now is a predictive personal assistant that tries to figure out whatRead More
The “Starbucks experience” could be for sale soon. The Starbucks mobile app is the envy of the retail world.It processes 14% of the company’s transactions, 75% more than a year ago. With 10 million active mobile app users — twice the number of users from a year ago — andRead More
Don’t ask the folks who built the game Candy Crush Sage into a multi-billion-dollar company whether Apple is a payments company. They know the answer is already yes. Today, King Digital Entertainment PLC, the company behind Candy Crush Saga and Pet Rescue Saga, among other games, filed for an initialRead More
Can we stick a fork in branch banking if a bank proves its branches are worthless? That’s essentially what Arvest Bank, in Bentonville, Ark., has done with its new ad promoting its recently unveiled mobile app. What is striking about the video below is that the customers interviewed at theRead More
There is a wider range of mobile data for banking apps to leverage than previously contemplated. Some of the mobile-focused application builders see a wide array of mobile data streams available to banking apps — and that means, fintech providers are largely limited by their imaginations, rather than technical impediments.Read More
CIT Group launched its first mobile banking app last quarter. Yeah, no one else noticed either. CIT Bank, the financial conglomerate’s $16.1 billion online bank, was launched in 2011 to diversify its parent’s funding. Indeed, CIT nearly went bankrupt during the credit crisis when the capital markets all but silenced,Read More
What do Peek, Loungebuddy and Bandsintown have in common, and, to amplify the riddle, what do they have to do with banking? All three iOS apps do something that the vast majority of banking mobile applications don’t: leverage other data streams on the mobile device. They also – and hereRead More
If you have dreamed about A/B testing for your banking app, wake up. It’s here. A new company out of Philadelphia called Artisan now allows for on-the-fly — yes, on-the-fly! — A/B app testing. The Artisan tool also lets “the business side” (meaning non-techies) adjust any app element in aRead More
There is a certain gloat from reps at established FinTech vendors when they talk about Isis and Google Wallet. “It’s not like they’ve made any traction,” the vendors say, “if they ever will.” Certainly, the years since their (too) high-profile launches have not been kind to Isis and Google Wallet.Read More