Post Tagged with: "online banking"

India’s Cash Crunch Means Opportunity for Mobile Wallets

India’s Cash Crunch Means Opportunity for Mobile Wallets

by December 1, 2016 at 11:03 am 0 comments

For those championing the death of cash, Prime Minister Narendra Modi’s decision to de-monetize the 500 and 1,000 rupee notes in India might seem like the perfect opportunity for online and mobile banking providers to jump right on in. The de-monetization of the 500 and 1,00 note rendered 86% ofRead More

Jack Henry Partners with Early Warning, Links to Zelle Network

Jack Henry Partners with Early Warning, Links to Zelle Network

by November 29, 2016 at 12:42 pm 0 comments

Financial technology solutions provider Jack Henry has announced a partnership with Early Warning, the company behind the Zelle network, The partnership has the potential to link about 3,000 new financial institutions to the faster payments network. The service formally known as clearXchange, which was officially rebranded as Zelle this year, isRead More

Meet Erica, Bank of America’s Chatbot for Digital Banking [VIDEO]

Meet Erica, Bank of America’s Chatbot for Digital Banking [VIDEO]

by October 26, 2016 at 9:55 am 1 comment

LAS VEGAS — Bank of America announced its new chatbot, erica, yesterday at Money20/20 here. Erica should roll out for BofA digital and mobile banking users “late next year,” according to a spokeswoman from the bank. At an event where chatbots were one of the main topics of interest for many ofRead More

10 Ways Banking Will Be Different in 2020

10 Ways Banking Will Be Different in 2020

by October 19, 2016 at 10:36 am 4 comments

An obvious statement: The banking world is changing.  However, it does give rise to less obvious questions: Just how fast is it changing, and in what ways? For instance, what will the banking world look like in five years? Will there be chatbots in every smartphone and every app? WillRead More

Bank of America Reports Strong Mobile Growth, Especially Deposits

Bank of America Reports Strong Mobile Growth, Especially Deposits

by October 17, 2016 at 12:41 pm 1 comment

As previously reported on Bank Innovation, mobile banking is the top area of innovation banks in which are spending money—and it appears to be working, with Chase and Wells Fargo both reporting accelerated growth in mobile users last week, and with Bank of America also reporting strong growth today on theRead More

Mobile Banking Dominates Banks’ Innovation Spending in 2016

Mobile Banking Dominates Banks’ Innovation Spending in 2016

by October 17, 2016 at 9:33 am 0 comments

Mobile banking is the most valuable area of innovation when it comes to consumers, say banks and credit unions—which is probably why that’s the area these institutions are spending the most money on trying to innovate. This is according to Bank Innovation’s annual State of Banking Innovation survey for 2016,Read More

Breaking Banks: Where Finance, Technology, & Politics Meet [AUDIO]

Breaking Banks: Where Finance, Technology, & Politics Meet [AUDIO]

by October 14, 2016 at 4:04 pm 1 comment

On this week’s episode of Breaking Banks, host Brett King is joined by four panelists from the fintech world to discuss the intersection of government oversight, technology, and finance. The five weigh in on these issues, especially in regard to regulation, and what can be done to solve the problems ofRead More

What Does the Massive Yahoo Hack Mean for Banks?

What Does the Massive Yahoo Hack Mean for Banks?

by October 1, 2016 at 9:00 am 0 comments

The topic that has been on everyone’s minds this week, aside from the next act in Wells Fargo’s little drama, is cybersecurity. It’s one of those things that businesses of all kinds are constantly thinking about, but only makes a public appearance when something has gone horribly, horribly wrong. LikeRead More

Why Is Capital One the Only Bank Using Alexa?

Why Is Capital One the Only Bank Using Alexa?

by September 30, 2016 at 10:23 am 1 comment

Earlier this year, Capital One and Amazon teamed up to put the Capital One “Skill” app on the Amazon Echo—as of now, Capital One customers who have the Echo or Echo Dot (anything with Alexa) can access their bank accounts using their voice. Capital One is currently the only financialRead More

Bank of the West Gets Serious About Digital Engagement

Bank of the West Gets Serious About Digital Engagement

by September 16, 2016 at 12:30 pm 1 comment

It’s become a truism that digital banking customers are your best customers, but Bank of the West and Fiserv have the data to back up that assumption — and to do something about it. Digital banking features cost money — your vendor may charge a per-user fee to institute the latestRead More