2018 Innovators to Watch: 44 Executives Shaping the Future of Banking
PREMIUM – Every year Bank Innovation assembles a list of 44 innovators that caught our attention in digital banking and fintech. These are the people Bank Innovation believes to be this year’s movers...
View ArticleAzlo Introduces Free Cross-Border Transactions in Mexico
PREMIUM – BBVA-backed Azlo has created a way for small business owners and gig economy workers to access the ACH payment network, which banks have traditionally monopolized. And now it will add...
View ArticleNo Credit Cards for Goldman Sachs Consumer Lending Arm Marcus… Yet
Marcus, the consumer lending arm for Goldman Sachs, wants to become the one-stop shop for many of your financial matters, except for one: credit cards — at least for now. “Our fundamental thinking on...
View ArticleVenmo’s Card Is Out of Beta & Ready to Use
PREMIUM- P2P payments app, Venmo, has launched its debit card, Venmo Card, and it is powered by Mastercard. When Venmo first launched its card in beta last September, it was backed by Visa. After 10...
View ArticlePwC Shutters DeNovo, Its ‘Fintech Insights’ Platform
The global professional services company PwC announced via email it will shutter its DeNovo platform, which delivered insights and analysis on fintech startups, at the end of June. The email reads, in...
View ArticleHow the Innovation Team at BBVA Compass Focuses on Needs, Revenue
PREMIUM - BBVA Compass, the U.S. arm of the Spanish bank BBVA, has no designated innovation head. Instead, all innovation initiatives fall under the bank's head of business development, José "Pepe"...
View ArticleBlockchain Is Perfectly Suited for Banking, But Banking Is Not Ready for...
Blockchain‘s future in banking is bright, but right now, the industry is not prepared to take advantage of what the technology offers, according to a new McKinsey report on blockchain’s viability...
View ArticleAzlo and Green Dot Offer New Lending Products for Gig Economy Workers
PREMIUM – Azlo will begin offering lending services to small businesses and gig economy workers this fall, the company announced last week. The fintech, which is backed by BBVA Compass, will be...
View ArticlePayPal Introduces Personalized Smart Checkout Button [VIDEO]
PREMIUM - PayPal has rolled out a new feature that will help its retail clients increase conversions, making it easier for shoppers to become buyers. The payments giant built this solution to address...
View ArticleWill the ‘Branch of the Future’ Mean No Branch at All?
Banks will say that their customers still visit bank branches for many transactions. Whether it’s Bank of America or HSBC or Fifth Third, almost all banks believe branches will have a role to play for...
View ArticleLessons from Distributed Ledger Technology and the Future of Banking
It’s no secret distributed ledger technologies (DLT) have been front-of-mind for financial institutions examining solutions to existing problems in institutional and retail banking. While blockchain...
View ArticleCanadian Cannabis POS Solutions Get Ready For a $4.3B Industry
PREMIUM - Cannabis businesses, even when they are legal, have difficulty securing bank accounts, and therefore often deal in cash. But as regulators across the world consider legalizing this market, it...
View Article3 Bank-Backed Challenger Banks to Watch
It’s not just startups that need watching — neobanks are springing up across the globe, and a particular breed is becoming more common — those backed by traditional banks. These banks are usually...
View ArticleHow Digital Transformation Can Lead to Greater Revenues for FIs
There is a correlation between an FI’s revenues and its digital strategy. A new report from advisory firm EY suggests that the more mature an FI’s digital strategy is, the more revenues it is likely to...
View ArticleSquare Will Reapply for Banking License with the FDIC After Last Week’s...
Payment processor Square has withdrawn its application to become a deposit-taking bank, a move similar to online lender Social Finance or SoFi, which withdrew its application last fall. However, unlike...
View ArticleMicrolender SoLo Funds Could Help Banks Enter $90-Billion Payday Loan Space
A new fintech startup is letting consumers make loans to peers and positioning itself as an alternative to the payday loan industry, and there’s something in it for banks too. Since launching this past...
View ArticleHow TBC Bank Created a Neobank Called ‘Space’ in Just 8 Months
For a digital bank, time to market is one of the most important innovation mandates. For Lasha Gurgenidze at Tbilisi, Georgia-based TBC Bank, this mandate combined with low operational costs were the...
View ArticleGoogle Pay Inches Toward Venmo and Zelle with Bill-Splitting, Other New Features
Google Pay took another step closer to P2P rivals Venmo, Zelle, and Square Cash by introducing a bill-sharing and splitting service today. The new feature, one among several, arrived as Google combined...
View ArticleCitizens Financial Group Launches Neobank, ‘Citizens Access’
Citizens Financial Group joins the latest band of established FIs in launching its version of a digital-first bank called Citizens Access. Unlike others, such as JPMorgan Chase’s Finn, which was rolled...
View ArticleThe Future Is Not Bright For Most Angel-Stage Fintech Startups
Most fintech startups don’t survive. The landscape of payments, lending, artificial intelligence might seem bustling thanks to all the industry hoopla around it, but the success rate for a startup to...
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