BI Ignite 2019: HSBC Bank USA’s Innovation Head Prefers Fintech Partners to...
When it comes to innovation, banks in 2019 should look to partner first, buy second and lastly build, Jeremy Balkin, head of innovation at HSBC Bank USA said at BI Ignite 2019 in Seattle earlier this...
View ArticleBI Ignite 19: People Want People, and AI-enabled Functionality
Customers increasingly expect banks and other financial institutions to meet them where they are with full functionality, said panelists at Bank Innovation Ignite 2019 in Seattle on Tuesday. Alex...
View ArticleFears of a Fintech Slowdown? How to Pivot Your Brand for a New Era
For most of the past decade, the fintech sector seemed to have nothing but blue skies ahead. But over the last 12 months, warnings that first signaled in 2016 have been flashing brighter. CEO scandals,...
View ArticleFIS’s $34 Billion Bid for Worldpay Drives Payments M&A Spree
Fidelity National Information Services Inc. agreed to acquire Worldpay Inc. for about $34 billion in cash and stock, the biggest deal ever in the international payments sector. The industry is at the...
View ArticleSome Credit Unions Turn to Blockchain to Improve Customer Experience
Eight large U.S. credit unions are testing a blockchain-based digital credential system in different pilots ranging from mobile banking to voice banking and even call centers to improve customer...
View ArticleInstagram Gets Into E-Commerce Business With Checkout Tool
After years of ogling beautiful images of food, fashion and design on Instagram, people will now be able to buy things they see and like directly through the app -- providing instant gratification for...
View ArticleRapyd Launches Local Payments Solution Rapyd Checkout
Fintech-as-a-service platform Rapyd today launched Rapyd Checkout, a hyper-local payments solution allowing merchants to accept over 500 local payment types including cash, bank transfers, local cards,...
View ArticleCapital One Trains Virtual Assistant Eno To Be Proactive with New Tax Feature
Most virtual assistants are reactive, but Capital One is training its virtual assistant, Eno, to be proactive, according to Ken Dodelin, VP of conversational AI products at the bank. “Most [virtual...
View ArticleAdvent and Bain Score Payouts After Sparking Payments Deals
Advent International and Bain Capital have made quite a team in payments industry deals. For almost a decade, the two firms have paired up to take over companies in the industry. On Monday, their...
View ArticleIs Subscription Management the Bridge between Insight and Action?
It’s time to move beyond merely presenting data and toward helping customers take informed action on their finances with that data, according to Jonas Karles, co-founder and COO of Minna Technologies,...
View ArticleBI Ignite 2019: What Does the Bank of the Future Look Like to Startup...
To conceptualize tomorrow's bank, a fundamental question needs to be asked: What is the value the bank brings to the table? Answer that question and the bank of the future will materialize -- a...
View ArticleIn Rush to Be Uber of Finance, This Mobile Bank Tests the Limits
Racing to build what he calls the Uber of financial services, Nikolay Storonsky believes in keeping his foot on the accelerator. And watchdogs are starting to notice. Storonsky is getting a taste of...
View ArticleBill Pay Network Doxo Adds Apple Pay as Payment Method
Apple Pay is now available as a payment method for more than 2.5 million consumers and 45,000 U.S. billers on doxo, the bill payment network announced today. Seattle-based doxo already offered...
View ArticleCiti Ventures Leads $28 Million Round for Client Management Startup HoneyBook
Citi Ventures led a $28 million Series C equity round for client management platform HoneyBook, the company announced today. The San Francisco-based fintech startup also announced it has surpassed $1...
View ArticleBofA’s Erica Surpasses 6 Million Users, Aims to be ‘More Proactive’
Bank of America's virtual assistant Erica has crossed 6 million users, representing growth of over 29% in the past three months. Considering BofA's 26.4 million active mobile users, the number of...
View ArticleTencent Sees Payments Growth Driven by Merchant Adoption
Chinese conglomerate Tencent missed the mark overall in the fourth quarter of 2018, but its WeChat Pay showed significant growth, particularly as the number of merchants actively transacting on the...
View Article11 Startups Show Their Latest and Greatest at INV Fintech Demo Day
Eleven startups participated in the Demovation challenge at the Bank Innovation Ignite conference in Seattle earlier this month. These startups, diverse in focus, comprised a wide range of the fintech...
View ArticleConsumer Utility and Telecom Payments Can Help Lenders Reach Underserved...
A person’s utility bill can reveal a lot about their financial profile. And many banks and alternative lenders are using this data to underwrite loans, Sanjoy Malik, CEO and co-founder of utility data...
View ArticleApple Unveils iPhone-paired Apple Card
Apple today unveiled its plans to launch a virtual credit card product with Goldman Sachs and Mastercard this summer called Apple Card, which will reside within the Wallet app on Apple devices. An...
View ArticleJPMorgan’s Clampdown on Data Puts Silicon Valley Apps on Alert
The app was quickly becoming a cult favorite among penny-pinching U.S. consumers – and also a bane for their banks. In just over a year, Paul Kesserwani’s startup Cushion has helped users win refunds...
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