Creating an Effective Financial Services Marketing Strategy for Millennials
On the surface, a financial services marketing strategy is not completely different than a marketing strategy for any other industry. The crucial difference, though, is the higher and more demanding...
View ArticleFintech Unfiltered: Tokenization, APIs & Payouts on List for PayPal-owned...
In the five years since payments company PayPal acquired Braintree, a comprehensive payment platform, it has seen over $500 billion in payment authorization volume and over 6 billion transactions this...
View ArticleTemenos Lands PayPal Contract for Core Banking
How's this for a momentum-builder for a firm with its sights set on U.S. expansion? Swiss banking software provider Temenos announced today that PayPal will use its Temenos T24 Core Banking platform...
View Article4 Notable 2018 Bank-Fintech Partnerships
While some banks and fintech view each other as competitors, that’s not always the case. In fact, there have been a number of significant bank-fintech partnerships this year. What follows is a list of...
View ArticleCard Use Grows Fast as Check Payments, ATM Withdrawals Continue Decline
The Federal Reserve’s triennial report on payments released last week shows accelerated electronic payments growth, as well as signs that fewer people are paying by check or withdrawing cash from ATMs....
View Article5 Notable Fintech M&A Deals in 2018
This year the financial services industry saw a lot of fintech M&A activity. Here are five deals, in no particular order, that Bank Innovation's editors think will most significantly impact the...
View ArticleFintech Unfiltered: The Financial Data Exchange to Create Standards for APIs...
Sharing data while keeping it safe is a major issue for financial service companies. In October, the Financial Services Information Sharing and Analysis Center, an industry group that analyzes and...
View ArticleHow Wells Fargo Gateway Opens the Bank to the Outside World
Imran Haider, head of Wells Fargo Gateway and its APIs, says the bank is positioned to be a leader in developing the behind-the-scenes software that will provide the product customization and...
View Article5 Companies that Made Fintech Noise in 2018
Bank Innovation’s five picks for companies that made noise in fintech this year may not include any banks, but it does include a company owned by a collection of them. Indeed, as far as innovation is...
View Article3 Banking and Fintech Trends to Watch in 2019
It's the beginning of a new year, and naturally new trends will take shape. The seed for some trends like voice banking and contactless payments were already planted last year, while others such like...
View Article5 Fintech Companies to Watch in 2019
Acquisitions, partnerships and the roll-out of various new products and services made 2018 a very active year in banking and fintech. But was it all just setting the scene for an even busier 2019? Here...
View ArticleCitizens Bank’s Matt Richardson to Speak at Bank Innovation Ignite
Citizens Bank‘s Matt Richardson, head of product solutions, is speaking at Bank Innovation Ignite 2019 in March. The event will take place March 11-12 at Seattle’s Hyatt Olive 8 Hotel. You can join the...
View ArticleWhat the ‘Marie Kondo Effect’ Could Mean for Standalone Fintech Apps
People are trying to declutter their phones as well as their homes -- is this a problem for standalone apps like PayPal-owned Venmo? “I don’t need Venmo when I can do the same thing on my phone with...
View ArticleNotable Fintech M&A: American Express Acquires Restaurant-Booking App Pocket...
The financial services company American Express today acquired the Japanese restaurant-booking app Pocket Concierge for an undisclosed amount. The startup is a graduate of 500 Startups Japan. Over the...
View ArticleBank of America Falls Short of Ambitious Goal for Digital Sales
Bank of America set an ambitious goal for digital sales last June: 50% over the next couple of years. The bank remains far behind that target. Last quarter, the bank recorded 27% of its consumer...
View ArticleFiserv-First Data Megadeal Includes $500 Million Innovation Spend
Fintech provider Fiserv said today that it will purchase payment processor First Data Corporation in a massive $22 billion deal, and the transaction will come with a hefty investment in innovation. The...
View ArticleNotable VC Funding: U.K. Corporate Payments Startup Reels in $11.5 Million...
Corporate payments startup AccessPay, based in Manchester, England, landed an investment of $11.5 million (£9 million) led by U.S. venture capital firms Beringea, True Ventures and Route 66 Ventures....
View ArticleGlobal Fintech: Realtime Payments Come to Malaysia; HSBC Completes Blockchain...
There is a lot going on in fintech and digital banking around the world, not just the U.S., where Bank Innovation is based. The editorial team has compiled a biweekly list of the global events making...
View ArticleNow on Twitter: Klarna’s Snoop Dogg Investment Announcement a ‘Bold’ Move
If you don’t have Snoop Dogg, what do you have? That’s what fintech startups other than Klarna must be thinking after the Swedish payments company announced this week it was bringing the rap icon onto...
View ArticleAmazon Go, One Year Old, Has Attracted a Host of Cashierless Imitators
Mighty AI spent much of its first five years building software that helps self-driving cars recognize real-world objects. The Seattle startup went so far as to open a Detroit office to cozy up to the...
View Article