#Bank of #America might have 25.3 #million active #mobile #users, and #only 2 million of those users are using the bank’s virtual assistant, #Erica, at present. That’s not even 8%. “Keep in mind that we started the rollout earlier this year with Rhode Island, which has a relatively small population, and completed in all markets in […]
Bank Innovation
EXCLUSIVE – There’s a new #banking app in town &8211; #Emma. The British #fintech company, which is still in beta, is gearing up for its launch in the U.K now that it received FCA approval to operate under the new PSD2 mandate. “This is a big deal for us,” Emma co-founder and CEO Edoardo Moreni […]
Bank Innovation
EXCLUSIVE—Should #banks #acquire or #partner with smaller, more agile fintechs? Well, that depends if the end goal of the bank is to further financial #innovation, Derrick Walton, EVP of global financial networks for #Hyperwallet, told Bank Innovation. “There’s a difference in culture, in what the goals tend to be,” Walton said, who is responsible for […]
Bank Innovation
#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 don’t have the resources of a Wells or Chase. “It’s almost impossible for us to stay anywhere near-competitive,” Kevin Karrels, […]
Bank Innovation
#Green Dot has had its share of trouble in recent years — MoneyPak fraud, the attempted ouster of CEO Steve Streit, and strong entrants taking it on its core competency of prepaid cards. But none of that has stopped the company from launching new products at a regular clip &8212; GoBank for Business, GoBank for […]
Bank Innovation
#Zelle — dubbed the “Venmo killer” &8212; made a quiet, white-labeled arrival on Bank of America’s mobile app this week. The bank integrated the gazelle of P2P payments (it’s funny because of its speed and its name—works on two levels) earlier this week. While all of the service’s numerous partner #banksRead More
Bank Innovation
#Canada‘s central #bank says that its ‘CAD-coin’ project isn’t intended for use as an actual interbank payment system, but merely as a #test.
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