Mobile merchant Square has more than 2 million active sellers and is adding about 100,000 per quarter, according to CFO Sarah Friar. Square had a solid quarter and should break even by mid-2016, investors heard yesterday on the company’s earnings call. The company processed transactions worth $10.2 billion in 4Q, upRead More
Post Tagged with: "Twitter"
On July 4th, Twitter exploded with tweets celebrating the founding of the United States of America, and financial services joined the party. Companies such as JPMorgan Chase, TD Bank, Citibank (which ironically used #4thofjuly on the 3rd and not the 4th), and many more joined in the celebrations and usedRead More
Which is better for marketing: an original hashtag or one that is well-used? Well, Citibank has chosen a hashtag — #wellplayed — that was already in circulation for its most recent, summer-infused marketing effort, which began this month to promote its mobile banking. Here’s the bank’s latest #wellplayed tweet: Summer’s heatingRead More
It wasn’t too long ago that the suggestion that social media data could feed financial services underwriting and products was, well, dubious. Yes, we paid it lip service — isn’t it cool that OnDeck and Lenddo are using social media to make loans? The lip service ends today. Like a slow-moving glacier thatRead More
In announcing that it had raised $50 million of venture funding, Circle extolled China’s status as a font of innovation. “China is today the center of innovation in mobile apps and digital finance,” Circle wrote in its press release. Well, not exactly. I returned yesterday from my second trip in asRead More
Social media is thought of as a separate universe than other digital channels, but there is significant overlap, and banks should take advantage of this.
Simple is in many ways the crown jewel of the financial technology startup industry. With its modern, intuitive, user interface, responsive customer service, mobile-first, branchless strategy, Simple represents the future that financial innovators hope for. It should be noted that it was announced in February that Simple would be acquired by BBVA, makingRead More
Banks still have an advantage over Facebook, Twitter, and Snapchat in the payments industry when it comes to one thing: trust.
Why are Facebook and Twitter suddenly interested in e-commerce? It looks like the access to transaction data could be a big reason.
What does a young person do today when he wants to choose a bank? He might check out what interest rates are offered on savings accounts or loans, or he might just want to know who has the coolest mobile app. We know one thing he won’t do — walk into the nearest branch to ask if the bank might be right for him.