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As an executive in the ever-changing banking landscape, what separates early adopters from followers? How do innovators hone in on a specific focus when new technology darlings seem to emerge every...
View ArticleApple, Amazon, Alibaba Are Coming After Banks, Regulators Say
Giant technology companies are moving inexorably into the finance business and could quickly upend the banking industry, according to the financial industry’s global watchdog. In its most detailed...
View ArticleGermany Bans New Wirecard Short Sales in Unprecedented Move
Germany’s financial regulator took the unprecedented step of temporarily banning short sales of Wirecard AG shares following reports of suspicious accounting practices, while prosecutors in Munich...
View ArticleAlliant Credit Union Could Become the First Digital-Only CU in the U.S.
Alliant Credit Union, one of the nation’s largest CUs, is fully digitalizing its end-to-end member application and loan process by yearend, moving closer to becoming the nation's first digital-only...
View ArticleCrypto Startup Offers Insurance Against Quadriga Wallet Dilemma
While users of the troubled Quadriga CX cryptocurrency exchange remain unable to retrieve millions in funds, a startup backed by mainstream companies such as Goldman Sachs says they’re able to offer...
View ArticleU.S. Banks Adopt Open Banking Concepts Without Regulatory Nudge, But Why?
The U.S. is making a more organic shift toward open banking concepts than what is seen in Europe, where the Revised Payment Service Directive, or PSD2, is outright requiring it. Innovation,...
View ArticleFintech Funding Surged 120% in 2018
The year 2018 was a great year for fintech funding across the globe. This is true not only because the total funding was high, but also because there were more investors in fintech than in years...
View ArticleThese 12 Startups Are Competing in the Demo Contest at Bank Innovation Ignite
The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. The startups are:https://www.diro.io/idlocker Avocado Payments, Budgit Inc., Community...
View ArticleStudy Shows Strong Relationship Between Credit Score Review and Credit Score...
Can regularly checking your credit score actually help improve your results? We wanted to know the answer to that critical question, so Credit Sesame partnered with Megan Hunter Antill and Jessica Yu,...
View ArticleUMB Bank Offers Business Customers New Payment Solution
UMB Bank will start offering its business clients a new payment solution that will help customers streamline payments by automating certain processes in Q2 this year. "This solution is predominantly...
View ArticleStartup QUID Wants to Change Digital Payments, One Penny at a Time
A recently-launched micropayments platform seeks to upend how people buy and sell digital content. QUID, a Toronto-based payments startup founded by a Google veteran, enables online transactions as...
View ArticleThe Best Online Banks Right Now
Keeping your money in a bank is common sense at this point, but online banking is – unfortunately – not something many people have grown accustomed to, yet. There are many benefits to explore in this...
View ArticleApple-Goldman Credit Card Poses Risks, May ‘Blow Up’, Analyst Says
It would be “odd” for Apple Inc. to offer a jointly developed credit card with Goldman Sachs Group Inc. and not with Synchrony Financial, MoffettNathanson analyst Lisa Ellis said, since Synchrony...
View ArticleJack Henry Slow to Deploy P2P Service Zelle to Credit Unions
Core processor Jack Henry & Associates might have signed a deal with Zelle's parent company Early Warning in 2016, but it won't be deploying the P2P service until 2020, at earliest, Bank Innovation...
View ArticleETF Fees Are Falling to Zero as SoFi Plans First No-Cost Funds
The first free exchange-traded fund is on its way. Social Finance Inc., the online lender known as SoFi, is helping start two new ETFs that won’t charge a management fee, according to regulatory...
View ArticleNeobank Aspiration Doesn’t Aspire to Offer Lending Products…Yet
There are no lending products in fintech Aspiration's near-term future thanks to the neobank's new status as a broker-depositor. "Part of why we switched to a broker-dealer structure instead of...
View ArticleGemalto to Offer Biometric Payment Cards to Banks, Where Adoption has Lagged
Security firm Gemalto will offer biometric EMV payment cards to its bank customers using biometric company Fingerprint Cards’ T-Shape sensor and licensing its recently-launched Biometric Software...
View ArticleFintech Adyen’s Shares Jump as Sales Beat Estimates
Adyen NV reported a 54% rise in second-half net revenue, beating analysts’ estimates as the fintech darling continues to deliver on rapid growth. The Dutch company, which processes payments for Netflix...
View ArticleFintechs Cater to E-Commerce Businesses with New Products, Services
Two fintechs announced new products and services this week geared toward e-commerce sellers, pointing to gaps in offerings from banks and legacy card companies to provide seamless, affordable solutions...
View ArticleFundamentals of Changing a Bank’s Core System
The announcement that BB&T will make a $28.2 billion all-stock acquisition of SunTrust Bank -- which, when it closes, will be the largest bank merger in a decade -- has led to the resurfacing of a...
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