UK PFM App Bean Receives Approval to Launch Payments Service
UK-based startup Bean, a comparison app which alerts its users to savings opportunities, has officially received approval from the region’s Financial Conduct Authority (FCA), to launch its service, the...
View ArticleAre Consumers Ditching their Banking App for Fintech Apps?
Scrapegators, what’s that? According to Malauzai Software, that’s the term used for vendors that “scrape” digital banking apps on the internet to gather data and then provide that data to fintechs. In...
View ArticleWorldRemit Opens International Money Transfers in New York
Global money transfer service WorldRemit is launching in New York, providing state users the ability to transfer funds to nearly 150 countries, the company announced yesterday. There are 4.5 million...
View ArticleBank of America to Launch Erica This Month
EXCLUSIVE – Bank of America is all set to launch its AI powered bot Erica this month, Michelle Moore, head of digital banking at BofA told Bank Innovation. “Our focus with innovation has been on, how...
View ArticleACH Fraud, Already Rampant, Is Accelerated by Faster Payment Push
EXCLUSIVE – My colleague JJ Hornblass recently commented on the ACH fraud that took place at our company, and how one of its most striking aspects was the casual way in which the bank reacted to it....
View ArticleStartup Hoard Invest to Challenge Coinbase with Crypto Exchange Following ICO
EXCLUSIVE–Top cryptocurrency exchange Coinbase just got more competition. Several startups are launching marketplaces to rival the crypto giant in the next year. One of those startups, Hoard Invest, a...
View ArticleEurope, India Are Ready for Biometric Payments, Mastercard Says
EXCLUSIVE -- As hacks and other methods of digital fraud rise with the adoption of mobile payments, companies and consumers continue to search for better ways to authenticate and identity users making...
View ArticleFintechs Are Driving Customer Expectations, but Banks Should be Wary of the...
EXCLUSIVE--Fintech startups are definitely driving change within the financial service industry--no surprise there--but more than providing some necessary technical upgrades, fintech has established...
View ArticleBlockchain Remains King as Banks Lose Interest in ICOs, Crypto
EXCLUSIVE–The potential use cases of blockchain technology in banking continue to captivate bankers, but topics like cryptocurrency and Initial Coin Offerings, or ICOs, may be losing a bit of their...
View ArticleFintech Is Back
EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck....
View ArticleStartup PFM App Emma Partners with Starling Bank
EXCLUSIVE – British PFM app Emma today announced an integration with its second banking partner, Starling Bank, since gaining approval from the FCA (Financial Conduct Authority) to operate under the...
View ArticleThe Change Most Needed for Women in Fintech [VIDEO]
EXCLUSIVE – In honor of International Women’s Day, it’s important to appreciate the progress women have made in the fintech world. But, it’s equally necessary to acknowledge that there’s a long way to...
View ArticleMastercard Merges Physical, Digital Payments Teams as Chief Innovation...
Payments processor Mastercard will be integrating its physical and digital payments team into one come April, the company announced, a change that follows the departure of Chief Innovation Officer,...
View Article12 Startups Showed Their Latest and Greatest at INV Fintech Demo Day
EXCLUSIVE – On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech’s 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation,...
View ArticleSquare Cash App Adds Direct Deposit Option
Square added to its string of new features for its Cash app this week, adding a direct deposit option for paychecks. Square Cash has added multiple options for customers lately, including a much-lauded...
View ArticleSME Lender BlueVine Partners with Blockchain-Based Payments Provider Veem
EXCLUSIVE – SME lender, BlueVine has come together with cross-border payments provider Veem in a move that is indicative of a likely trend where payments and lending companies come together. For Veem,...
View ArticleThe ‘Bank of Amazon’ Could Pose Tough Competition for the Megabanks
As if reports of Amazon’s bank hasn’t shaken up the financial industry enough, a new report by Bain & Company shows that the “Bank of Amazon” could amass more than 70 million customers within the...
View ArticleCapital One’s Eno Can Now Give Out Virtual Account Numbers
Capital One is making some improvements to its chatbot functionality, now allowing users to request and receive virtual account numbers from Eno, the bank’s virtual assistant. The update will allow the...
View ArticleInside Swedish Fintech Tink’s Partnership with BNP Paribas
EXCLUSIVE – Swedish PFM firm Tink landed a major partnership with Belgium’s BNP Paribas Fortis, nearly doubling the fintech’s userbase. BNP Paribas Fortis will integrate Tink’s Aggregation, Personal...
View ArticleWhy Voice Banking Will Make It Big in 2018
EXCLUSIVE – There has been plenty of buzz around voice banking for some time now, and while many thought 2017 would be the year voice banking made it big, that didn’t happen. And that’s not because the...
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