EXCLUSIVE— Most consumers in the United States stubbornly cling to their plastic #payments, even as customers in other countries — see China — increasingly embrace at a steady rate #mobile and other digital forms of payment. This could be due to the fact that, as many in #fintech have stated, the card infrastructure in the …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— With #bitcoin’s #price over $ 15,000, and continuing to #rise, it seems as though the #currency has finally hit its #mainstream moment. The currency’s price has more than doubled since the beginning of the year, and much of that spike has occurred just within the past couple of weeks. It has not gone unnoticed by […]
Bank Innovation
AUSTIN, Texas — The long-awaited #launch of P2P service Zelle has finally arrived, presumably granting more connectivity and openness to consumers who might be hunting for an alternative to Venmo. But what does Zelle’s launch mean for those consumers who haven’t even heard of P2P? “There’s a huge amount of effort that’s going on with […]
Bank Innovation
During this week’s #Smart #Contracts Symposium in NYC, 250 attendees—including members of the #blockchain-trading group the Chamber of Digital Commerce—listened as the potential benefits of the #technology were laid out, from securing property titles, to gold ownership. Symposium speakers, presenters, and panelists demonstrated and debated all of the possible useRead More
Bank Innovation
Bank depositors get tax-payer funded #insurance in many jurisdictions (such as FDIC in America) in case a bank goes bankrupt. Your #Bitcoin in Mt.Gox or BitFinex….buyer beware. People paying by Credit Card can fight back against a fraudulent charge. Once you send those Bitcoin it is like handing over cash…buyerRead More
Bank Innovation
For some time it seemed rather academic or nerdy to think about #Bitcoin #scaling. Who cares whether Bitcoin will scale if it is only used by a few people for nefarious activities? Now that one can buy Bitcoin at over 1,000 railway ticket booths that are now also Bitcoin ATMsRead More
Bank Innovation
Daily #Fintech is a global business that happens to be based in #Switzerland. Our Subscribers (over 13,800 as I write) are #from all over the world, pretty much tracking the growth of Fintech globally. So we don’t take sides in the Fintech capital of the world debate. I have enjoyedRead More
Bank Innovation
A friend who recently started his own business couldn’t obtain a mortgage from three #banks. I suggested he try #marketplace #lending platforms like SoFi to take advantage of the ongoing innovation in #fintech. However, SoFi turned him down, as well, because it abides by the same underwriting rules as traditional banks. Like the banks, SoFi sells their mortgage loans to Fannie Mae. Read More
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