Rabobank’s Innovation Lab Is Building Tools for Industries Beyond Financial...
Fintech innovation at Rabobank is making itself felt in fields outside of financial services. The bank’s innovation lab pioneered an IoT project for agriculture and is an example of how innovation in...
View ArticleWhich Fintech Companies Have Over 1 Million Customers?
Fintech startups, particularly neobanks, have long suffered from having great technology, but few customers using it. Simple and Moven had more innovative offerings than traditional peers, but that...
View ArticleVaro Money Announces Preliminary Approval for OCC Charter
The digital banking service Varo Money announced last night it had received preliminary approval for a national banking charter from the Office of the Comptroller of the Currency, a division of the...
View ArticleFaster Payments Sees $17 Billion Invested So Far in 2018
Faster payments and remittance services have had record-breaking amounts of investment this year. A Fintech Global report, published this week, found that global investment in payments and remittance...
View ArticleSnapCheck Named Best Payments API by API:World
Digital check solution SnapCheck, a graduate of INV Fintech, this site’s sister accelerator, was named Best Payments API (application programming interface) by API:World, the largest global API...
View ArticleTo Cross-Sell to New Account Holders or Not to Cross-Sell?
Cross-selling new accounts or new products/services to consumers is damaging a bank's customer loyalty as well as causing existing customers to give their financial institution a lower Net Promoter...
View ArticlePayPal Launches Funds Now, a Feature for SMB Merchants
Payments company PayPal unveiled a new feature that gives merchants realtime access to funds from completed sales. The feature, revealed today, is aptly called Funds Now. Like Uber’s Instant Pay,...
View ArticleMastercard and Microsoft Partner on Global Trade and Payment Tracking Solution
Mastercard announced a new B2B payments platform for trade services yesterday, built using Microsoft Azure, the software company's cloud computing service. The service, called Mastercard Track, aims to...
View ArticleBank of America Merrill Lynch Launches Mobile Wallets for Corporate Clients
Only months after launching a digital prepaid card for its corporate customers, Bank of America Merrill Lynch continues to expand its digital offerings for its corporate clients. As of today, corporate...
View ArticleArtificial Intelligence Takes Priority on Banks’ Innovation Plans
Banks and fintech ranked artificial intelligence and machine learning as their top innovation priority, according to a Bank Innovation survey. Bank Innovation asked people in the banking and fintech...
View ArticleAlipay’s Annual Active Users Soar 40% YOY
Alipay has over 700 million annual active users as of August 2018, according to an investor day presentation from parent Ant Financial that was emailed to Bank Innovation. This represents a 40%...
View ArticleWhy Ripple Secured a Deal with NCB, Second-Largest Bank in Middle East
Ripple brought onboard National Commercial Bank Saudi Arabia to its blockchain payment network, RippleNet, the company announced yesterday. With $120 billion in assets, NCB is the second-largest...
View ArticleTD Bank Launches B2B Electronic Payment Service
TD Bank launched a payments solution enabling its small business customers to make and customize electronic B2B payments today. The service will be provided through payments company Bottomline...
View ArticleMoven May Be on the Hunt to Acquire a Bank
For Moven, it may be a case of a challenger bank taking over a smaller traditional bank. The company is deciding whether it will acquire a smaller bank in the near future. “We entered into a number of...
View ArticleCredit Management App Debitize Acquires Rival Debx
Debitize, a graduate from Bank Innovation's sister accelerator INV Fintech, announced today it has acquired rival Debx for an undisclosed amount. Based in New York, Debitize helps consumers manage...
View ArticleCustomer Service Solutions Dominate Day 1 of FinovateFall
If Finovate Spring was dominated by companies in lending and underwriting, then Finovate Fall was all about startups and service providers equipping banks with tools to help them provide better...
View ArticleCryptocurrency Gets More Boring (and Useful) with Circle’s USD Coin
Cryptocurrency and blockchain are becoming boring -- not just because the media has covered them so much (ahem!) but because large well-funded companies are using the technology to make the world more...
View ArticleSuncoast Credit Union Could Set Up Its Own Mobile-First Bank
Setting up digital banks isn’t just a strategy for the big players like JPMorgan Chase, just ask Suncoast Credit Union. Granted, the Tampa, Fla.-based credit union is rather large, with $9.2 billion in...
View ArticleU.S. Bank Chief Innovation Officer Dominic Venturo Talks Digital Strategy
One of the largest retail banks in America has a simple yet multifaceted innovation strategy. Bank Innovation spoke with U.S Bank Executive Vice President, Chief Innovation Officer, Dominic Venturo, on...
View ArticleChase Beats PNC As Top Bank in Customer Service Satisfaction Report
JPMorgan Chase took the number one spot in customer service in J.D. Power's annual National Banking Satisfaction Study, beating last year's winner PNC Bank by a few points, but the rest of the...
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