What do #mortgage lending and music streaming have in common? More than one would think. In fact, mortgage #lenders could stand to learn a few lessons #from how music services such as #Spotify interact with consumers, according to Vishal Garg, founder and CEO of Better Mortgage. Better, an online mortgage lender utilizing machine learning to […]
Bank Innovation
#Banks #should approach points of digital friction in the same way e-commerce giants do, if they want to hold onto their customers. As noted in recent surveys, a single point of friction is all it takes for consumers to abandon a digital banking product—and thus, the bank itself. This means banks need to start taking […]
Bank Innovation
#Technology in the world of finance is advancing across the globe, but some countries are adapting faster than others. Places like China, the United Kingdom, and Israel are all currently in the midst of a tech boom, which is why it’s a good idea to keep an eye on some of the #startups taking the charge. The […]
Bank Innovation
Remember when #blockchain was going to kill financial services? It seems to be building them up instead. Take companies like Deloitte: with several new partnerships, projects, innovation labs, and consortium memberships, financial services giant Deloitte might have a better grasp on blockchain’s potential than a couple shiny new fintechs. The company– which has been on […]
Bank Innovation
#Alexa now has about 12,000 skills on its platform (the 10,000 milestone was in March) since opening it up to developers in 2015, according to Ford Harris, senior business development manager at Amazon Alexa. “When we set out to build Alexa, we were looking to bring this #Star Trek experience to customers,” Harris said during the Amex […]
Bank Innovation
Real-time #payments have been a long time coming to the US but now it looks as if they #should be #available by the middle of 2018. #Banks and corporates are developing new ideas to take advantage.
Tom Groenfeldt – Financial Technology
If Horace Greeley were alive today, the famous newspaperman might be saying: “Go #East, young entrepreneur, go East.” China is a behemoth to be ignored at the peril of the #fintech world. In his outlook for the year, LendIt co-founder Peter Renton said earlier this month: &8220;If you are a U.S. platform and you are thinking about raising […]
Bank Innovation
Yes, it is almost impossible to keep tabs on all the new entrants of the wonderful world of #fintech. But taking it one step (or five) at a time, #should be enough to keep you up to date for many of the latest trends in the space. So, if you areRead More
Bank Innovation
Consumers are increasingly comfortable with automated investing, but that may not be such a good thing. According to a global study conducted by Accenture, seven out of ten consumers surveyed would “welcome” automation—or #robo-advisors—into their financial lives, including a high level of comfort, almost 80% (78%), with #robos in traditionalRead More
Bank Innovation
What’s the best thing about startup demo days? You get to peek behind the curtains, #before #they scale (or fail). Five #startups, in five minutes each, took the stage at the Empire Startups #Fintech December Demo Day yesterday with their latest and greatest. Bank Innovation has the lineup, in case youRead More
Bank Innovation
Reply