Four Technologies That Will Revolutionize Financial Services
A new wave of technological change is right beyond the next hill, really in the next couple of years. Its most visible symptom is the hyper-connectivity to the Internet, which fuels the evolution of:...
View ArticleBudgets Not Keeping Up with Mobile Banking Growth
Despite the clearly growing importance of mobile to banks, it seems the channel is still not receiving its due in terms of budget. 45% of banks said that mobile is allotted 5% or less of current IT...
View ArticleNew APIs Promise Rich, Contextual Data
We offer this new dictum: Context is king when it comes to transaction data — and one new startup is staking its future on that. Today, it is becoming standard in banking for APIs (application...
View ArticleFNB South Africa Is Turning In Impressive Mobile Transaction Volume
The financial services story in Africa has been dominated in recent years by M-PESA, the Kenyan mobile payments service. But an there’s also a mobile banking story worth noting at First National Bank...
View ArticleVIDEO: PayPal Leaps to the Forefront of Biometric Authentication
Biometrics have arrived, and not a moment too soon. The so-called Heartbleed vulnerability has just about everyone worried about the fidelity of passwords, which are hard to remember and not secure...
View ArticleBuilding a Bank from Scratch
The bank of the future probably won’t be made of brick or stone, and may not be much to look at. It’s easier to say what it will do. Entrepreneur and startup mentor Jack Gavigan, who traded tweets with...
View ArticleBank of America Adds Mobile Users, Sheds Branches
Mobile users continue to grow at Bank of America. The bank grew mobile users by 4% in the first quarter of 2014, while shedding 1% of its branches. Mobile users reached 15 million, almost 20% higher...
View ArticleEra of Mass Customization in Banking
Banks have a nearly one-size-fits-all product model which leaves value on the table. For instance, when a bank releases a new online or mobile banking system, it will often be an identical system, with...
View ArticleLoop Will Be Inside Handsets Within the Year, CEO Says
Loop, the payments startup that allows for contactless payments at magstripe card readers using magnetic transmission, has plans that go far beyond magstripe itself. The company has deals in the works...
View ArticleUS Bank Ups Ante Again on Innovation
Is US Bank the only financial institution in the nation to continue increasing its investment in innovation? It sure seems like it. The latest shot across the financial sector’s bow came yesterday,...
View ArticleDiverse Perspectives
I go to more conferences than are good for me. And if you're like me, you don't attend many sessions, and you meet with the same cast of characters. I have two suggestions on breaking those rules....
View ArticleChase Updates App, Discusses Digital Wallet
JPMorgan Chase updated its iPhone app Thursday, and dropped some hints about its mobile roadmap for the rest of 2014. The newly updated app, seen at left, aims at “humanizing the user experience” for...
View ArticleWalmart Enters P2P Space
American consumers may not go to bank branches all that often, but they sure go to Walmart. 80% of Americans are said to shop at Walmart at least once a year. America’s largest retailer debuted a...
View ArticlePiggy Eliminates Change — and Card Fees
It’s no secret merchants love being paid in cash – and it’s certainly not a surprise that some customers hate lugging around change. A new startup aims to increase customers’ cash usage to help...
View ArticleMobile Payment Adoption Slows Due to Lack of Added Value
Put that phone away. After years of surging growth, mobile payments adoption has slowed to modest levels, according to a new survey from IDC Financial Insights. The study on consumer payments was...
View ArticleFacebook Is Sticking to Payments for Games, Not P2P
While mobile advertising revenue drove Facebook to a banner first quarter, it is the company’s payments performance that is now taking center stage — and remains a bit of a bugaboo. FB payments...
View ArticleUnderbanked Customers Use Mobile Banking — Maybe Too Much
Mobile banking is not just for the wealthy — far from it. A report from the Federal Deposit Insurance Corporation released today says just the opposite: the underbanked are greater users of mobile...
View ArticleStarbucks Considers Whitelabeling Its Mobile App
The “Starbucks experience” could be for sale soon. The Starbucks mobile app is the envy of the retail world.It processes 14% of the company’s transactions, 75% more than a year ago. With 10 million...
View ArticleDogecoin Fuels Up Car Sponsorship at Talladega
Dogecoin is hitting the track at Talladega this weekend. Car #98 at Talladega this weekend will be driven by Josh Wise and sponsored by the community of users of the virtual currency Dogecoin. Users of...
View Article77 Questions Every Banker Should Ask
I recently came across a list of 100 questions for entrepreneurs to ask of themselves and their businesses. The questions were profound, such as “How can we become the company that would put us out of...
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