The majority of people use their #mobile banking apps to check their balance. This is a fact that does not surprise most in banking, many of whom believe the industry’s #focus on “#money movement” as opposed to “money #management” is hurting engagement levels. Focusing on the movement of a consumer’s money, or P2P capabilities, has […]
Bank Innovation
Mobile wallets have failed so far because they haven’t offered customers a strong enough incentive to use them versus cards. The exception, Starbucks, offers free coffee, but it did that with its gold cards too. LevelUp, into which Chase poured $ 10 million in December, offers its loyalty-heavy solution to merchants as well — spend $ 50, […]
Bank Innovation
The personal lending space in the United States, conservatively estimated to be around $ 3 trillion in 2016, is seeing continued disruption. One of the latest innovative offerings in the lending space comes #from a traditional investment bank: #Goldman #Sachs has looked to expand its presence in the retail banking spaceRead More
Bank Innovation
As software proliferates every corner of a business, IT is being crushed by demands from users who require applications and data to be always available and always connected. IT can no longer meet the demand by simply running faster on the hamster wheel. The new operating model requires IT to build reusable, self-service assets and infrastructure to avoid reinventing the wheel every time a… Read More
When I first spotted #Shift #Technology with their focus on #fraud detection for #insurance, I assumed I would find a venture in Israel (which is known for smarts in finding the bad guys in cyberspace, as we outlined when we went to Israel on our #Fintech global tour). So I was surprised to find that…Read more Shift Technology #using AI to #battle Insurance Fraud insuretech
Bank Innovation
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