Turkish Bank Albaraka Launches Neobank in Germany
Bank-backed neobanks are giving traditional organizations the opportunity to cater to specific audiences, usually younger tech-savvy audiences. But lately, more banks are realizing that a digital...
View ArticleSquare, Stripe Flex Their Innovation Muscles with New Offerings
Square and Stripe, famous for their dongles and APIs respectively, have launched a series of products over the past two weeks that should make everyone in payments innovation sit up and take notice....
View ArticleZelle’s Enemy Is Not Venmo — It’s Cash
Banks are backing Zelle in the P2P arms race, but it’s not other digital payments that are the enemy — it’s cash and a lack of innovation. So says Mark Ranta, head of digital banking solutions at ACI...
View ArticleDigital Check Solution Checkbook.io Makes Headway in Auto Finance
Baxter Credit Union, based in N.J., has found a new solution to an old, and costly problem. David Brydun, vice president of consumer lending, exclusively told Bank Innovation that the financial...
View ArticleThe Allure of Debit Cards for P2P Payment Companies
In the U.S., debit cards are the most popular method of payment, so it’s not surprising that many fintechs are trying to enter the debit card market. For companies focused on P2P payments such as...
View ArticleRealtime Payments Top Wish List of Banking Innovators
Realtime payments are at the top of the innovation wish list for most banking professionals. According to a survey from TD Bank, released today, 42% of payment professionals cited integration of...
View ArticlePayments Gateway Flow to Begin Accepting Bitcoin Payments Amid Volatility
The shifting regulatory landscape of cryptocurrencies and price volatility has not slowed the demand from consumers to use bitcoin. As Robe Keve, CEO of cross-border e-commerce company Flow, told Bank...
View ArticleLenmo, the Venmo for Lenders, Set to Launch for IOS
Whether it’s a consumer lender like Goldman Sachs’s Marcus or a point-of-sale lender like Affirm or even SMB lenders like BlueVine, there is a lot of perceived opportunity in the lending market. Add a...
View Article3 Alternative Lending Startups to Watch
Large banks, e-commerce moguls like Amazon and eBay and tech firms are likely to enter the alternative lending space, and soon, according to Eden Amirav, co-founder, and CEO of startup LendingExpress....
View ArticlePFM App Tally Adds Robo Advisor Functionality
The future of mobile banking is having everything on a single app. Fintech companies like Credit Karma, Betterment, Acorns have repeatedly echoed that sentiment of striving to be a one-stop-shop for...
View ArticleAs P2P Payments Increase, So Must Fraud Controls
The demand for P2P payments does not seem to be slowing anytime soon. A study released today by research firm Aite and Early Warning, owner of the bank-based P2P firm Zelle, found that P2P payments...
View ArticleBBVA Compass App Update Allows All Customer Accounts to Be Aggregated
As head of online and mobile banking at BBVA Compass, Alex Carriles is always thinking of ways to increase customer interaction via digital channels by catering to an existing customer need, instead of...
View ArticleU.K. Consumers Want Higher Transaction Cap for Contactless Payment
In the U.S., a market where checks are still a crucial form of payment and plastic cards are prevalent as ever, it is hard to imagine using contactless payments for transactions like buying groceries...
View ArticleHow Comerica Maps Its Innovation Plans
“Is it customer-centric? Is it an efficient way? Are we creating value?” These are the three questions Comerica Inc’s EVP and CIO Sangy Vatsa asks himself before every major innovation project. Vatsa...
View ArticleSamsung Pay Crosses 1.3 Billion Transactions, But Falls Short of Apple Pay
As it makes its way to South Africa and continues to amass impressive partnerships with the likes of Alipay and PayPal, Samsung Pay might have completed three years in the mobile payments market, but...
View ArticleConsumers Have High Expectations of Their Digital Banking Apps
Consumers want banks to do more than just hold their money. They want their banks to help them meet their financial goals. In fact, a new consumer report by CSI shows that 83% of American consumers...
View ArticleRealtime Push Payments Can Increase a Bank’s Revenue, Mastercard Says
As gig workers and small businesses continue to grab a larger market share of the economy, more banks and FIs might want to consider card-based push payments as a way to grow their debit business. This...
View ArticleFinancial Services Has More Blockchain Projects Than Any Sector, PwC Says
When it comes to blockchain, the financial services sector has more distributed ledger projects than any other industry. A new survey, released by accounting firm PricewaterhouseCoopers today, found...
View ArticleIs Marcus Inching Closer to the Mortgage Market?
Marcus, the consumer lending platform of Goldman Sachs, added a new tool that lets users estimate the value certain renovations would add to the price of their house, before applying for a home...
View Article25 Million Mobile Users at Bank of America, But Only 2 Million Are On Erica
Bank of America might have 25.3 million active mobile users, and only 2 million of those users are using the bank's virtual assistant, Erica, at present. That's not even 8%. "Keep in mind that we...
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