Post Tagged with: "Mobile banking"

Starling Bank Integrates API into Google Home [VIDEO]

Starling Bank Integrates API into Google Home [VIDEO]

by February 20, 2017 at 4:10 pm 1 comment

Mobile-first Starling Bank released a video today showing off an integration of its API with a Google Home device. The feature is not available for Starling customers yet, though it’s coming, according to Megan Caywood, chief platform officer at Starling Bank.  Caywood told Bank Innovation: Voice features are primarily goingRead More

Wells Fargo: More Mobile Users, Fewer Credit Cards

Wells Fargo: More Mobile Users, Fewer Credit Cards

by February 17, 2017 at 12:29 pm 0 comments

Wells Fargo’s mobile user numbers are higher than ever—but that’s not thanks to new activity by consumers. According to the retail banking numbers the banks released today for the month of January, its customers aren’t opening as many accounts—are, in fact, closing more of them—and aren’t applying for as manyRead More

Consumers Use Mobile Banking, Just Not for Money Transfers

Consumers Use Mobile Banking, Just Not for Money Transfers

by February 16, 2017 at 10:30 am 0 comments

Despite all the digital efforts from financial institutions, consumers still don’t make use of their in-app money transfer functions. According to the February Monkey Insights report released by Malauzai Software, 100% of active users on mobile check their balance, but only about 16% of them transfer money. Is that reallyRead More

Santander U.K. Adds P2P Voice Payments to Its App

Santander U.K. Adds P2P Voice Payments to Its App

by February 13, 2017 at 11:50 am 1 comment

Tired of having to transfer money using an infinite number of smartphone taps? Banks are starting to fix that. Santander is continuing its dive into voice-based features, by rolling out voice payments capabilities to its app, the bank said this morning. The feature is currently available on the bank’s SmartBank appRead More

BBVA Bullish on Simple’s Growth Despite $60 Million Writedown

BBVA Bullish on Simple’s Growth Despite $60 Million Writedown

by February 3, 2017 at 11:24 am 2 comments

BBVA Compass, the U.S. subsidiary of the Spanish banking giant BBVA, purchased the neobank Simple almost three years ago for $117 million. Since then, it has written down $89.5 million of that investment. $60 million of that came in a “goodwill impairment” in 4Q 2016. BBVA Compass held an earnings callRead More

Kuhlmann to Head Up Banking as SoFi Transitions to ‘Neobank’

Kuhlmann to Head Up Banking as SoFi Transitions to ‘Neobank’

by February 2, 2017 at 3:50 pm 1 comment

The CEO of mobile-only banking company Zenbanx will be staying on during the company’s merge with SoFi, where he will eventually take charge of the new products offered. “I’m going to be staying on, heading up the banking products—I’m sort of staying in my existing role,” said Arkadi Kuhlmann, CEORead More

Wells Fargo Head of Digital Experience Marie Floyd to Speak at Bank Innovation ’17

Wells Fargo Head of Digital Experience Marie Floyd to Speak at Bank Innovation ’17

by January 31, 2017 at 2:16 pm 1 comment

Marie Floyd, Senior Vice President and Head of Digital Consumer Experience at Wells Fargo, is set to speak at Bank Innovation 2017. Floyd is responsible for customer insight and digital applications at the San Francisco-based bank, an area that includes the company’s web applications as well as the content andRead More

Varo Money, Yodlee Champion Data Privacy With New Partnership

Varo Money, Yodlee Champion Data Privacy With New Partnership

by January 31, 2017 at 12:51 pm 0 comments

More data openness plus more consumer trust equals more business—this appears to be the conclusion multiple companies are reaching, particularly fintechs Envestnet Yodlee and Varo Money. Financial data aggregator and technology provider Envestnet Yodlee today announced a partnership with Silicon Valley-based fintech startup Varo Money, in order to strengthen Varo’sRead More

Millennials Are Ready for the Bank of Amazon

Millennials Are Ready for the Bank of Amazon

by January 20, 2017 at 1:47 pm 1 comment

Amazon wins, once again, at a game it didn’t even know it was playing. According to a Jan. 11 survey from Accenture, millennial participants would consider parking their money with nontraditional institutions, and they picked winners. Attractive alt-banking contestants included Apple and Facebook, but it was Google, and of course, Amazon,Read More

Trust, Not Tech, Is Fintech’s Advantage Vs. the Banks

Trust, Not Tech, Is Fintech’s Advantage Vs. the Banks

by January 18, 2017 at 3:23 pm 1 comment

When it comes to banks, only 26% of Americans strongly agreed with the statement that banks had their best interests in mind, according to a recent report conducted by Salesforce—and, unfortunately, the survey respondents do not seem to be distinguishing between banking and fintech. According to the report, fewer thanRead More