Pay with Amazon Figures Highlights Importance of Prime Users
Those claiming subscription models can’t work in the digital age are probably ignoring Amazon Prime. The Pay with Amazon numbers are out today, and are of course climbing, an unsurprising development...
View ArticlePayPal Launches P2P Bot For Slack [VIDEO]
A new bot is born. PayPal today announced a chatbot that customers can use for P2P payments. But unlike the host of other companies, which have chosen to launch on the chatbot-heavy Facebook Messenger...
View ArticleWe Sent Money to the U.K. with TransferWise Messenger Bot, Here’s What Happened
Facebook Messenger’s chatbot horde just got a new member: Say hello to the TransferWise Bot. The U.K.-based TransferWise now allows users to make international transfers through a Messenger bot, which...
View ArticleKakao Investment Points to Offline Push for Ant Financial
In yet another installment of Ant Financial’s global expansion master plan, the company today announced a $200 million investment in Kakao Pay — a soon-to-launch fintech subsidiary of South Korea’s...
View ArticleIn MoneyGram, Ant Buys Into Old Payments
Is Ant Financial hitching its global expansion to an antiquated payments wagon that is being undermined by a wide range of remittance startups? That appears to be case for Ant’s proposed $880 million...
View ArticleMastercard, Oracle Partner for Masterpass Expansion
Mastercard partnered with cloud provider Oracle today in order to expand its Masterpass network among retailers and customers globally. The partnership is an extension of its existing colaboration with...
View ArticleBank Innovation in Beta
Bank Innovation today released a beta of its relaunch, the most significant rebuilding of the site since its start in 2009. Let us know what you think of the rebuilt site by emailing...
View ArticleWalmart Has Big Plans for Money Transfers
Walmart has made it clear: it will not shy away from digital competition. The retail giant has recently taken on Amazon, offering free two-day shipping for orders of $35 and over, and piloting Scan...
View ArticleWill the Enterprise Ethereum Alliance Be the New R3 for Banks?
Blockchain is back in vogue with banks–well, Ethereum blockchains, anyway. The Enterprise Ethereum Alliance (EEA) seeks to provide space for projects based on Ethereum. The group was officially...
View ArticleBNP Paribas Wants to Innovate Smarter and Harder, But Not Necessarily Faster
French bank BNP Paribas doesn’t need to be the first bank to announce innovation—it just wants to be the one that’s best at executing it. “We have a lot of brain power, a lot of computer power—and that...
View ArticleDwolla Rebrands Suite of ACH Payment Tools as ‘Transfer’
Dwolla was always a strange name. The word — a contraction of ‘web’ and ‘dollar’ dreamed up by founder Ben Milne with the aid of a six-pack — is something of a cherished fintech institution, if little...
View ArticleWill the Sale of JD Finance Be Enough to Match Alibaba?
Chinese e-commerce company JD.com just made the next move in its on-going match with the Alibaba Group. After reporting promising fourth-quarter results, including a 47% jump in revenue, JD.com also...
View ArticleBank Innovation Relaunches
Today, Bank Innovation releases its most significant redesign and relaunch since the site initially dropped online in 2009. We hope you love the new Bank Innovation. When we started Bank Innovation,...
View Article5 Innovative AIs You Should Know About
In the world of AIs and bots, it’s no longer acceptable to call something that only checks your balance an AI. Each of the seven companies below have announced new rounds of capital in the past few...
View ArticleKasisto Announces KAI Insights at Bank Innovation 2017
Kasisto wants to make proactivity the norm when it comes to banking. The conversational AI company today announced KAI Insights, a data-driven service that will be integrated into its KAI for Banking...
View ArticleData on Non-Prime Credit Card Users Points to Need for Alternative Scoring
More than 70% of non-prime credit card users cited an inability to put a $500 expense on their credit cards. The results of a new study, released by Elevate yesterday, show that non-prime users are at...
View ArticlePayKey Takes Top Spot in Bank Innovation Demo Challenge
SAN JOSE, Calif. — P2P payments are picking up, thanks to the work of companies like the DEMOvation Challenge winner PayKey. Israeli startup Paykey was declared ‘best in show’ for Bank Innovation’s...
View ArticleFacebook Won’t Be Monetizing Payment Bots, Exec Says
SAN JOSE, Calif. – Facebook payments revenue stream has been on a steady decline for years now. In terms of revenue, Facebook is an advertising company. Last year, the social media giant introduced...
View ArticleFiserv Ratchets Up R&D Spend, CEO Says
SAN JOSE, Calif. — Fiserv has increased its research-and-development spending to 7% of revenue this year, up from 5% last year, CEO Jeff Yabuki said at the Bank Innovation 2017 conference here on...
View ArticleBLender Secures E-Money License in Lithuania, Paving Way to Europe
SAN JOSE, Calif. — BLender, an Israel-based lending platform, secured an e-money license from Central Bank of the Republic of Lithuania last month. Since Lithuania is a member of the European Union,...
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