EXCLUSIVE – My colleague JJ Hornblass recently commented on the ACH #fraud that took place at our company, and how one of its most striking aspects was the casual way in which the bank reacted to it. This casualness may be due to ACH fraud not being anything new to the industry. What is new …Read More
Bank Innovation
EXCLUSIVE—Two out of three U.S. adults are #already comfortable interacting with retailers, #banks, and other companies using natural language #technology, according to a study released by #Mastercard today. The study, conducted by Mastercard and Mercator with 3,000 U.S. adult participants, found that consumers are already quite comfortable using text or voice-based technology — which relies […]
Bank Innovation
EXCLUSIVE—Investors don’t need to wait for Initial Coin Offerings to reach their full potential: #ICOs are #already redefining how businesses in certain markets operate, Taynaah Reis, CEO for cooperative banking system company #Moeda, told Bank Innovation. Moeda conducted an ICO in August 2017, raising $ 20 million for its #blockchain banking platform. The company has offices […]
Bank Innovation
#Yieldport.com, a newly launched alternative #investment community and #portal, seems to have #already facilitated the funding of more than 500 #deals. The Amsterdam-based site, which officially opened today, currently lists more than 2,000 investments, including a fixed income note paying 10.25% and 7.8% of equity in MeineSpielzeugkiste, a platform for sharing children’s toys. Several investments […]
Bank Innovation
Faster payments? Done and done, #Visa #says. #Mastercard’s coming integration with bank account-based payments processor #VocaLink will bring faster payments to Mastercard’s payments network in the United Kingdom, but Visa is not worried, according to company CEO Alfred Kelly, Jr. VocaLink, which processes about 90% of salaries in the U.K., according to company statements, will […]
Bank Innovation
#Machine #learning could be quite influential on cloud services (and FIs), which is why #Google’s experiments with it are ongoing, according to Gavan Corr, principal, financial services for Google Cloud. “Financial services has been at the forefront of machine learning — a lot of what we call machine learning is really math. However, not everyone is deploying […]
Bank Innovation
The #future of the #bank branch has arrived, and it all starts in Minneapolis (and Denver). Dean Athanasia, co-head of the consumer banking unit for Bank of America, said during an investor conference on Tuesday: We’ve got completely virtual #branches with people and completely automated branches, we&8217;re testing, we&8217;ve gotRead More
Bank Innovation
If there’s one #social platform out there that just might be able to steal e-commerce business away from Amazon, it&8217;s Instagram–a visual, highly interactive and personalized platform that just added the ability for users to shop. This comes very soon after its parent company, Facebook, launched its own e-commerce marketplace, calledRead More
Bank Innovation
If there’s one #social platform out there that just might be able to steal e-commerce business away from Amazon, it&8217;s Instagram–a visual, highly interactive and personalized platform that just added the ability for users to shop. This comes very soon after its parent company, Facebook, launched its own e-commerce marketplace, calledRead More
Bank Innovation
#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 early developers imagined would lie in the hands of a distributed global network of miners, but now largely lies in the hands ofRead More
Bank Innovation
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