#Green Dot uses its #banking license GoBank and provides banking #services including refunds for tax preparers, Visa debit cards for Uber drivers, and savings accounts for investment firms including STASH and WealthFront.
Financial Technology
#Postal #Banking is promoted by USPS as a profitable business, and by some Democrats as a great way to get banking services to the unbanked. It does, however, raise questions about the Postal Service’s ability to deliver, costs,and whether it could undercut payday lenders without running deficits.
Financial Technology
An agile #platform permits a bank to adapt quickly to innovations, both from internal developers and fintechs.
Financial Technology
N26 plans to build on its success in Europe to come to the U.S. — it will be one of the better funded challenger #banks to enter the American market.
Financial Technology
#Finxact has won backing from the American Bankers Association and #Accenture for a new #cloud-hosted #core #banking system.
Financial Technology
Temenos has separated its #digital #front end from a digital back end which #could position it to #provide a digital front end to aging core systems from American vendors.
Financial Technology
#Bankers #expect to see an increase in revenues #from #Open #Banking but it may be a competition to see who gets the customer. Will fintechs jump into the opportunity?
Financial Technology
Data privacy regs in Europe provide standards for #banks and #FinTech to share data, with a customer’s consent, so they can offer tailored solutions.
Financial Technology
To paraphrase William Gibson, Open #Banking, and #digital banking, are here…they just aren’t evenly distributed.
Financial Technology
With some tech support from the Bill & Melinda #Gates #Foundation an #open #mobile #banking app is launching in #Africa.
Financial Technology
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