The Role of Public Transportation in Advancing Digital Payments
Is a contactless public transportation system a sign of an advanced digital payments society? Important players like Mastercard would think so. “Take the U.K., for instance,” Iain McLean, Mastercard’s...
View ArticleAlexa Collects Huge Amounts of Data. Does That Include Financial Information?
Alexa is listening. Capital One was famously the first major bank to integrate with Alexa, Amazon's virtual assistant that resides in Echo smart speakers as well as a growing array of other devices....
View ArticleWhat’s your Bank’s Technology and Innovation Budget?
Innovation is expensive. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are...
View ArticleIn-Car Commerce Startup Cargo Inevitably Adds Venmo for Payments
We’ve all been there. It’s midday, you’re in between meetings, you’re craving a bag of candy or a shot of one of those super-charged, "coffee-based" energy drinks to push through the afternoon, but...
View ArticlePayPal Active Accounts Could Further Soar With Walmart Partnership
PayPal has added 9.1 million new active accounts surpassing 254 million net active users in 3Q18. And that number will likely grow significantly thanks to its Walmart partnership, through which PayPal...
View ArticleTraditional FIs Should Feel Threatened by Challenger Banks, Report Says
Thanks to a large unbanked population and growing importance of the millennial customer, the digital-first bank business model is spreading not just in developed economies but also emerging markets...
View ArticleCan Fintech Pave a Way for Financial Inclusion?
Federal Reserve Governor Lael Brainard addressed barriers to financial inclusion at a conference hosted by the Boston Fed and the Aspen Institute in Boston on Oct. 17. “The combination of smartphone...
View ArticleCB Insight’s Top 250 Fintechs Made 186 Deals Worth $24B This Year
CB Insights on Monday named its 2018 Fintech 250, a list of what the research firms considers the most promising fintech companies globally. Nearly half the companies are new to the Fintech 250 list,...
View ArticleThe Struggles of Banks as Technology Companies
LAS VEGAS -- It's a common refrain from bank CEOs: "My bank is a technology company." But the reality is much rarer. JPMorgan Chase is showing it takes fintech seriously by building (or buying) a...
View ArticleNew Lending Product Aimed at Broadening Target Audience of Barclays U.S.
If there’s one area that fintech companies are giving banks tough competition in the U.S. market, it’s the lending space. With easy application processes, quick decisioning and seamless movement of...
View ArticleZelle Outpacing Venmo in P2P Money Transfers
Two peer-to-peer payments platforms competing for market share and consumer loyalty posted big gains in their 3Q18 earnings reports. While the third quarter was kind to both Zelle and Venmo, it’s...
View ArticleCapital One Hopes to Score Big with Walmart Partnership
Walmart seems to be popular among financial services players these days. First PayPal and now Capital One have noted the significance of their partnerships with the retailer in recent earnings calls....
View ArticleBank of the West Adds ATMs for Young Customers on the Move
Bank of the West recently added 143 ATMs across the Denver and Sacramento metro areas through an agreement with ATM operator Cardtronics. One target? Millennials, actually. The San Francisco-based bank...
View ArticleZelle Considers a Better Way for Digital Gifting
Digital gifting can be drab and cold, arriving without commentary, not even a "Here's 50 bucks, enjoy it." Niche startups such as Ballooning Nest Eggs are taking this on, but the day-to-day,...
View ArticleCan QR Codes Make It in America? SwiftPass Thinks So
The scale of mobile payments in China staggers the Western imagination. In 2017, $15.4 trillion in mobile payments were processed, 54% by Alipay, and 39% by Tencent’s WeChat Pay. By the most generous...
View ArticleBankers Believe Realtime Will Give Their FIs Competitive Advantage
Most banking executives believe realtime payments will give banks a competitive advantage, according to a recent Finextra report. The report, titled "Payments Transformation: Jostling for Position in...
View ArticleMovers and Shakers: Fall 2018 Notable Hires and Departures
Autumn is upon us, trees are changing colors, and executives are changing jobs. The job market for digital banking is thriving. JPMorgan plans to hire thousands of people for its technology and digital...
View ArticleWhy Contactless, Not Cash, is King in Canada
Contactless, not cash, is king in Canada. Brian Lang, president of Mastercard in Canada, said at a closed event in Toronto this week that 50% of transactions in the country are conducted via...
View ArticleColorado Just Elected a Tech-Savvy Governor Who Takes Blockchain Seriously
Amid a dizzying night of political drama, a bright spot appeared for the fintech and cryptocurrency communities -- the election of Jared Polis (D) to Governor of Colorado. Polis is known for many...
View ArticleAfter Another Record Quarter, Green Dot Sees Opportunity in Small Business
Green Dot, the technology company with a banking license, reported another strong quarter, and CEO Steve Streit noted the company sees significant growth opportunity in the small business space for its...
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