In the past months, the fintech sector has taken notice of England’s upcoming June 23 referendum to determine the fate of the island’s membership in the European Union. #Brexit, the handle acting as hub around the question of Britain’s potential “exit,” has had a reach of over 6.8 million Twitter users inRead More
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Last week this space saw much of the largest fintech funding rounds taking place outside the U.S. That trend continues this week, with some San Francisco-grown AI thrown into the mix. This week we witnessed a major push forward in the process of collaboration between financial institutions (FIs) and startups. ThisRead More
Capital One Financial Corp. may be based in McLean, Va., but it’s adding significant innovation staff to its New York office. Job ads for more than a dozen positions in the Big Apple were recently posted, and quite a few of them directly relate to the bank’s innovation effort. Here are just aRead More
Benjamin Lawsky, superintendent of financial services for the New York State Department of Financial Services, is perhaps best known among FinTech watchers for championing New York’s proposed BitLicense regulation. Yesterday, at the Bipartisan Policy Center in Washington, Lawsky proposed revising the original BitLicense regulation, and also threw in some choice commentsRead More
It appears as though Citi Bike is becoming more than what we imagine Citibank had in mind when it sponsored the new bicycle sharing scheme in New York for $41 million.
While the demos at Wednesday evening’s night NY FinTech Startups Meetup weren’t the best — one demo-er seemed to simply refuse to speak into the mic, for example — the vibrant crowd there at Dechert LLP offices bodes well for banking innovation out of Silicon Alley. Jon Zanoff, the hostRead More
Not a day goes go by that banking competition does not seem to ratchet higher. In the latest sign of more pricing competition, Signature Bank offered investors a sneak peak at the money market rate war today, and it’s not pretty. Joseph J. DePaolo, president & CEO of Signature (ticker:Read More
In case you forgot, there was a big hurricane out here in the Northeast last month. I say “forgot” because while Hurricane Sandy might be out of the headlines today, it remains very much an “active” disaster. I was out on Staten Island yesterday delivering meals to people still tryingRead More
I wrote a piece for the popular fintech blog netbanker yesterday on how high tech and high touch are converging in wealth management, and what I will be watching for in that convergence zone next week at Finovate Fall 2012 in New York. In the article…
In my June 6 post 9 of 10 Banks Are Mulling an Overhaul I linked to the American Banker article that cited the findings from a KPMG study that also said: Forty percent of the respondents said that asset and wealth management would be essential to expan…