How Consumers Pay Bills Is Changing, and That’s Bad News for Banks
For years pundits have warned banks will lose in the billpay game. Spoiler: They were right. Way back in 2013, Ron Shevlin, now director of research at Cornerstone Advisors, said banks were losing...
View ArticleCitibank Refines Its Mobile App Experience in the Philippines [VIDEO]
Citibank unveiled an improved mobile app experience for its Phillippines market with added features for billpay, funds transfers, and PFM. Updates include faster authentication and a feature called...
View ArticleWhy Visa and Mastercard Are Collaborating on a Single Checkout Button for...
Mastercard and Visa are B2B firms with a B2B2C mindset, according to Mastercard CEO Ajay Banga. The two rivals announced they would join together on a checkout button for e-commerce last month, and...
View ArticlePayPal Steps Up Offline Retail Presence with iZettle Announcement
PayPal’s $2.2 billion acquisition of Swedish small business commerce platform iZettle will boost its presence in 12 markets across European and Latin America, particularly in the physical retail space....
View ArticleHow Bank of America’s Virtual Assistant Erica Works [VIDEO]
Bank of America expects to be finished rolling out its AI-driven virtual assistant Erica by mid-summer. The bank first launched Erica in March and will continue rolling out Erica through June,...
View ArticleCybersecurity Still Keeps Bank Execs Up at Night
Even more than winning on mobile, banks would like to minimize security threats. Banks lost $16.8 billion to fraudsters last year, according to a Javelin report, and the number of U.S. customers...
View Article3 Money Management Startups to Watch
The expectation for P2P payment apps is more than just payments. As the U.S. market gets saturated with various P2P apps, consumers are demanding that Venmo or Apple Pay or whatever platform they are...
View ArticlePayments Competition Heats Up as Adyen Confirms IPO
The payments technology space just keeps getting hotter. Last week, U.S. payments business PayPal bought iZettle, while today Dutch payments platform Adyen confirmed its plans to go public. These...
View ArticlePayPal’s Platform Strategy Brings It Closer to Banking Services
PayPal wants to be the world’s largest open payments platform, according to CEO Dan Schulman. At the heart of this aspiration is PayPal’s ongoing technological evolution, which also enables the...
View ArticleVoice Banking Faces Threats Before It Even Arrives
Voice banking has been touted as the technology to watch in 2018 (even on this very site), but two recent developments show the new technology has significant challenges to overcome. Whether or not...
View ArticleTop 3 Fintech Trends in May
A lot happened in the digital banking world this month, from major events in the payments worlds like PayPal acquiring iZettle for $2.2 billion only days before the target’s IPO to major regulations...
View ArticleInside Citigroup’s Digital-First Strategy
Citigroup has implemented a digital-heavy, branch-light business approach that extends beyond its National Digital Bank platform, announced in March and currently in testing phase, according to Stephen...
View ArticleINV Fintech Announces New Class of Associates
INV Fintech, this site’s sister accelerator, announced today the three associate members of its fifth cohort of startups. INV associates undergo a more lightweight program than full class members. They...
View ArticleU.S. Bank’s Innovation Focus: E-Commerce, Omnichannel, and Realtime Payments
Innovation for the sake of problem-solving (rather than for its own sake) is the way U.S. Bank’s Dominic Venturo approaches his role of chief innovation officer. The bank has a comprehensive outlook on...
View ArticleSmall Banks Focus Their Innovation Efforts on Payments
With recent developments in the payments ecosystem like PayPal’s $2.2 billion acquisition of iZettle, or Adyen’s IPO announcement, it's safe to expect payments-focused innovation from banks and FIs as...
View ArticleMarqeta Sees Opportunity in Europe Thanks to $45 Million in Funding
Card-issuing platform Marqeta sees a lot of potential in working with challenger banks across Europe, and to fuel this opportunity, the Oakland, Calif.-based company took in $45 million in funding,...
View ArticleWill the U.S. Become a Cashless Society?
Digital payments are on the rise across the globe. In the U.S., the world’s largest economy, the use of mobile payments has increased significantly in the past two years. Add to that mix the prevalence...
View ArticleMastercard API for Conversational Commerce Still in the Works
PREMIUM -- This past spring, Mastercard debuted a voice-assisted ordering and payment service at Pizza Hut in Singapore with the help of Softbank’s robotics division. But an application programming...
View ArticleFintech Unfiltered: Blame Banks for Slow Adoption of Realtime Payments,...
Realtime payments (RTP) is great for the consumer, but what about for the banks? Will realtime payments lead banks to lost revenue on transfer fees or fines from bounced checks? That is likely. But...
View ArticleWhat is the State of Banking Innovation in 2017?
What is the state of banking innovation today? Each year, we poll the industry to find out. Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice...
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