Stop Working on Your App Immediately
NEW ORLEANS — Banking apps are out. That’s the word out of Digital Banking 2016 here, where bankers outnumber entrepreneurs (but not vendors). The mobile banking app traces its roots to SMS banking...
View ArticleBlockchain Groups Gain Momentum in Cross-Border Payments
Real-time international payments are not far over the horizon anymore. San Francisco-based Ripple announced that seven global banks have joined its network to improve their cross-border payments...
View ArticleAlly Adds Android Pay and Samsung Pay to Boost Mobile Payments
Ally Bank belongs to the “open-wallet camp,” for now. The online bank introduced Android Pay and Samsung Pay integration for its debit cards, in addition to the existing Apple Pay option, Ally...
View Article2016 Innovators to Watch: 1 to 5
1. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into...
View ArticleFinovate Has Been Sold to Corporate Giant Informa
The Finovate Group, the fintech event and information venture, has been sold to Informa Plc. The sale closed last April, but has not been publicly disclosed. Terms of the deal are not known. Jim...
View ArticleBrexit Jolts Fintech, Launches Era of Banking Uncertainty
In a stunning vote, British citizens decided to leave the European Union, and the so-called Brexit has not just profound implications for fintech, but creates massive uncertainty for global financial...
View Article2016 Innovators to Watch: 44 Executives Shaping the Future of Banking
Some of the shine seems to have come off fintech innovation in 2016. Startup valuations are dropping; once abundant venture capital is growing scarcer; marketplace lending has gotten bruised — even the...
View ArticleCiti Appears to Be Pursuing Deal with Square Cash
Is Citigroup going to partner with Square to offer the startup’s peer-to-peer payments service to Citi customers? That’s the implication from a recently published article in Fortune. Square Cash was...
View ArticleMasterCard, Microsoft Integrate Cloud Services
MasterCard has partnered with Microsoft to integrate its cloud-based payments platform with the tech giant’s cloud-based ERP solution, the companies said this morning. The payment platform, Simplify...
View ArticleWill Cortana Pay My Bills Soon?
The long-awaited Windows 10 anniversary update is just around the corner (Aug. 2, to be precise), and yesterday Microsoft finally laid out what users should expect. Among other upgrades, Microsoft’s...
View ArticleIs ‘Buy with Facebook’ Finally Coming?
Whatever happened to the “Buy with Facebook” button? Back in 2014, Stripe confirmed that it was working with Facebook on a “Buy” button for the social media giant. From Recode: Facebook first began...
View ArticleU.S. Bank Removes Fees on Instant P2P Payments
U.S. Bank has abruptly reversed course on charging for realtime payments via the clearXChange network. Effective yesterday, U.S. Bank customers can make realtime P2P payments for free, just like the...
View ArticleOpen Letter to the OCC: Make Real Innovation Possible
A trifling blogger on banking innovation writes to the Office of the Comptroller of the Currency, despite its historically apathetic view on such matters.
View ArticleAmazon Alexa, Facebook Messenger on Wells Fargo’s Roadmap
Wells Fargo & Co. is keeping busy on the digital payments front this summer. In late May, the bank announced it will launch a mobile wallet in the coming months. Last week, the bank joined the...
View ArticleCan Facebook Messenger’s Two New Security Features Help Banks?
Facebook Messenger is increasing its security in a bid to be your primary messaging app — and maybe your primary banking app, too. A limited number of Facebook Messenger’s more than 900 million users...
View ArticleRealtime Network Grows with Addition of Capital One
Capital One will be the fifth bank to go live with realtime peer-to-peer payments on the clearXchange network, it was announced this morning. Capital One 360 customers can currently receive realtime...
View ArticleWill Bitcoin Halving Grow China’s Already Outsized Influence?
Bitcoin was designed to be decentralized, but as it matures, the currency is moving increasingly toward centralization — in China. This has significant implications for the cryptocurrency, whose future...
View ArticleFemTechLeaders on Brexit: Can London Retain Its Fintech Crown?
FemTechLeaders reached out to its UK members for their reaction to the Brexit vote, and their take on how it would impact the financial services and technology industries in the short and long term....
View ArticleRevolut’s Crowdfunding Campaign Hits $17MM in Two Days
The hot foreign exchange app Revolut has ordinary users pledging millions to its equity crowdfunding campaign. Just yesterday, the startup announced it raised a $10 million (£7.75 million) Series A...
View ArticleWhy Doesn’t Your Bank Know You Use Uber?
Have you ever received a piece of mail from your bank offering something completely irrelevant, like a home loan just months after you’ve bought a house? You’d think this would be a thing of the past...
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