You might not expect the nation’s leading mobile bank, with north of 31 million users, to be in a hurry to build a digital bank under a new brand, but that&8217;s just what #JPMorgan #Chase did last October with #Finn. Clayton Christensen&8217;s famous “innovator&8217;s dilemma” notes that it is difficult for incumbents to launch new […]
Bank Innovation
Should #fintech companies with #banking ambition get a #license or partner with a bank for one? This is an important distinction for a challenger bank, almost an existential question. Berlin, Germany-based challenger bank N26, which has a banking license in Europe, has decided to go with the partnership route for the license in the U.S., […]
Bank Innovation
#Realtime #payments (RTP) is great for the consumer, but what about for the #banks? Will realtime payments lead banks to lost revenue on transfer fees or fines from bounced checks? That is likely. But real-time payments will also open doors to new revenues possibilities, thanks to data from realtime transactions. “What we’re really talking about is […]
Bank Innovation
Over the past few years, mobile #payments has become a service that customers expect from their #banks, FIs and e-commerce platforms. Most countries have their own idiosyncratic mobile payment platforms. In the US, we have PayPal-run P2P platform Venmo, and the bank-backed Zelle, among many others. If there is one overarching promise mobile payments makes, […]
Bank Innovation
It’s almost a truism in banking to say, “We&8217;re really a #technology company,” but few can substantiate the claim. #Green Dot has a good argument for that: it was a technology company that bought a bank. Its banking-as-a-service model reflects that. Chief Revenue Officer Brett Narlinger explains on this #podcast that Green Dot worries less about […]
Bank Innovation
Two distinct streams have surfaced in #fintech: passive and #active investment. Betterment is the poster child for passive investment, recently booking $ 70 million in venture funding and has continued to enhance its services. But the active investment strategy for investors is far from dead in fintech. Pierce Crosby, head of business development at partnerships at […]
Bank Innovation
APIs and open banking – however that term is defined – are set to transform financial services by empowering consumers to share data with third parties. This means new businesses will develop that will orbit #banks, and the consumer experience may be forever changed. Furthermore, APIs allow banks a measure of control and security screen-scraping […]
Bank Innovation
INV #Fintech, the sister accelerator to this site, is pleased to announce its inaugural episode of INV Unfiltered — a new #monthly #podcast series, which will cover current trends and intriguing topics in financial #technology and beyond. The accelerator, in its continued effort to help fintech startups strive for greatness, will focus theRead More
Bank Innovation
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