Why are fintech startups different from other tech startups? Many people would answer regulations, and that’s certainly part of the story. Banks want fintech to be regulated to level the playing field, and fintech companies want regulation to make working with banks easier. But at the Empire Startups Fintech ConferenceRead More
Post Tagged with: "Phroogal"
The financial education portal Phroogal has spent the last year in beta and will launch in late 2014, co-founder Jason Vitug told Bank Innovation this weekend. Phroogal, a New Jersey-based social platform for millennials to share financial questions and answers, now counts more than 10,000 registered users and has 14,000 answers posted — all with zero marketing outlay.
Sorry bankers, your customers do not want to be your Facebook friends, or follow you on Twitter, or see your Pinterest or Instagram pictures. According to findings released yesterday by Carlisle & Gallagher Consulting Group, the consultancy, fully 87% of customers find banks’ use of social media “annoying, boring or unhelpful.”Read More
The competition was stiff and the challenge itself was arduous, but after ten 6-minute demos to ten different audiences, Phroogal emerged triumphant in the 2014 Bank Innovation DEMOvation Challenge. San Francisco-based Phroogal is a question-and-answer portal for financial advice — a sort of Quora for the financially curious. The serviceRead More