Top 5 Emerging Fintech Hubs in The U.S.
Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. is already seeing a cluster of other...
View ArticleKeyBank Takes Equity Stake in Payment Cycle Firm BillTrust
Cleveland-based KeyBank announced a partnership with cloud-based payment cycle management firm BillTrust, with KeyBank taking an equity stake in the firm, the companies said yesterday in a statement....
View ArticleAnt Financial Will Keep Focus on Commerce, POS in the U.S.
Focusing on commerce and mobile shopping led to a 56% year-over-year revenue jump for Ant Financial’s parent company Alibaba, and the company is going to keep that focus as it moves forward into the...
View ArticlePartnership Is the Only Way Smaller Banks Can Compete on Mobile
Banks like JP Morgan Chase, Bank of America Merrill Lynch, and Wells Fargo are announcing new mobile features and adding new mobile users every day, but mobile can be a challenge for smaller banks that...
View ArticleWells Fargo’s CEO Mobile Token Could Boost its Mobile Users
Will Wells Fargo’s newly launched Commercial Electronic Office (CEO) Mobile Token encourage its traditionally paper-focused customers to crossover to mobile? That’s what the San Francisco-based bank is...
View ArticleN26 Reaches 500,000 Customers, Brings Apple Pay to New Markets
Berlin-based neobank N26 now has 500,000 customers spread across the globe, representing a 67% growth from the 300,000 customers it reported back in March 2017. The neobank has been busy in those five...
View ArticleBarclays Bank Launches ‘Pay with Siri’
Customers of UK’s Barclays Bank will soon be able to make payments via Siri, Apple’s built-in intelligent assistant. The new feature enables customers to tell Siri to make a payment without having to...
View ArticleNationstar Mortgage is Officially Mr. Cooper
Not only has nonbank Nationstar Mortgage rebranded to Mr. Cooper, but according to reports it has also announced a bunch of new features to enhance its customer experience. One such feature, according...
View ArticleMost Consumers Are Now Using Cash Fewer Than 8 Days A Month
P2P payment services are becoming one of the most popular ways to send or receive money, and their popularity appears to be crushing cash. Only half of consumers are now carrying cash, according to the...
View ArticleFiserv Acquires Dovetail to ‘Modernize’ Payments
Global financial services provider Fiserv has acquired bank payments provider Dovetail Group Limited in order to bring payments further into the modern world — that is, realtime. Dovetail’s realtime...
View ArticleUnclaimed Money, Tax Returns, What’s Next for Credit Karma?
Could personal finance management be the next chapter in free credit-score provider, Credit Karma growing business? Could it leverage its consumer data to branch out into the popular PFM space? Maybe....
View ArticleMost Consumers Are Paying Forgotten AutoPay Programs
The major draw of auto payment programs is their ease: they are easy to set up, easy to use, and easy to forget about completely. In fact, 35% of consumers noted that they had been enrolled in...
View ArticleTencent Amps Up AI Efforts for WeChat Pay
Tencent is making a significant bet on artificial intelligence in its financial advisory services. In May, the giant Chinese digital company confirmed the establishment of the second of two...
View ArticleBank of America Brings AI to Account Receivables
Artificial intelligence is making its way into the messy world of account receivables for those corporates processing large volumes of payments, thanks to Bank of America Merrill Lynch and fintech...
View ArticleBaidu, China Citic Online Bank Approved
China Citic Bank and search engine Baidu got the greenlight to go forward with their joint online banking venture. The venture received regulatory approval from the Chinese authority Tuesday. The...
View ArticleTraditional FIs Now Driving Cashless, Contactless Payment Adoption, USA...
EXCLUSIVE— Contactless, cashless payments are on the rise in retail, driven forward as payment companies like Mastercard and Visa increase support for these solutions. This is according to Steve...
View ArticleNew Financial Wellness App Douugh Hits the Market
EXCLUSIVE – Add another financial wellness app to the list, millennials. Douugh, a fintech company that uses artificial intelligence (AI)-based to provide financial guidance, launches today. The...
View ArticleChinese Conglomerate Fosun Group Bets Big on Blockchain
A representative of Fosun Group, which, at $13.1 billion, is China’s largest private investment conglomerate, has confirmed that it has invested “tens of millions of yuan,” or multi-millions of US...
View ArticleUSAmeriBank Integrates Finastra Payments Hub
USAmeriBank is now live on financial service firm Finastra’s payment hub, which will enable the regional bank to implement new payment services and rails. This is the culmination of payment plans the...
View ArticleVenmo Users Won’t Be Swayed by ‘Real-Time’ P2P
P2P remains on the rise, and PayPal’s app Venmo remains the service to beat despite the rise of other real-time transfer services. In fact, a growing number of Venmo users might be ready to ditch a...
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