#Community #banks don’t trust The Clearing House and its big bank owners to treat them fairly — they #want the #Federal #Reserve to develop a real-time payment #system of its own and extend it to financial institutions of all sizes.
Financial Technology
#Security breaches continue to be an ever-present threat for financial institutions. Defending against attacks and authenticating customers without creating undue friction is something financial institutions have not yet completely solved. #Consumers seem to be willing to use more secure methods to access their accounts, but not necessarily give up on ease and speed of transacting. […]
Bank Innovation
Three years ago the Technisys survey of #Latin #American #banks found relatively few bankers paying attention to #digital. Now it’s a top concern of every bank board and CEO.
Financial Technology
EXCLUSIVE— While businesses and #banks in the United Kingdom are moving (slowly) towards compliance with the General Data Protection Regulation, many U.S. #companies are still figuring out if the regulation applies to them. Unfortunately, these companies have precious little time to waste, according to the #GDPR Beyond Borders conference that took place in NYC yesterday: …Read More
Bank Innovation
China’s Alibaba Group experienced its best Singles Day shopping event to date last week. The event, which is annually held on November 11 each year, processed nearly 1.5 billion transactions on that day, reports say. Alibaba Group created Singles Day back in 2009 as an annual shopping bonanza with various sales and offers. It is […]
Bank Innovation
EXCLUSIVE — PFM app #Clarity #Money is keeping up the #growth it started at the beginning of the year, announcing more than 500,000 users of its app just under seven months after its launch. Clarity’s growth can be attributed to its strong partnerships with other financial institutions, as well as with the Apple ecosystem: for […]
Bank Innovation
Innovation is risky, so when it comes to funding new fintechs, #banks should hold with a more traditional view of risk than the one proposed by Silicon Valley. In other words, banks can apply the famous “#move #fast and #break things” mantra of Silicon Valley’s #technology entrepreneurs to quite a few facets of the industry—but […]
Bank Innovation
Are you preparing a roadshow, the conventional way of accessing public markets by selling shares? Are you using an investment bank to take care of the messaging, positioning and pricing of the deal? This capital raising route typically means aiming for a listing on one stock exchange, which is typicallyRead More
Bank Innovation
#Venmo’s most popular emoji – shared on average over 49,000 times per week – is the pizza slice , Paypal Holdings Inc. said during its analyst day presentation on Wednesday. Of more significance (probably) is the 154% year-over-year growth that Venmo recorded in the first quarter of 2016, hitting $ 3.2Read More
Bank Innovation
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