Banking

  • Fintech doesn’t just disrupt banks, it makes them platforms 

    Fintech doesn’t just disrupt banks, it makes them platforms 

    It’s easy to move your money between banks. What’s annoying is moving your apps. There’s been a recent explosion of fintech products in spaces like stock trading, wealth management, payments, loans, remittance and insurance. It’s been fueled by a massive uptick in venture investment in private fintech companies, which hit $13.8 billion in 2015 according to CB… Read More

  • Banks and fintech in 2025: An unlikely alliance Crunch Network

    Banks and fintech in 2025: An unlikely alliance

    Banking as we know it is in the midst of its first fundamental remaking in centuries. What’s driving this transformation? Two major shifts: our transition to interacting with money digitally instead of physically, which opened finances to tech disruption, and a tech wave that has changed the way consumers define ease and convenience. Read More

  • Momo, a mobile payment firm in Vietnam, lands $28M led by Standard Chartered Bank

    Momo, a mobile payment firm in Vietnam, lands $28M led by Standard Chartered Bank

    Vietnam is emerging as a technology market of note in Asia. Weeks after U.S. VC firm 500 Startups announced a fund for the country, Vietnam-based fintech startup Momo has landed a $28 million investment round from banking giants Standard Chartered (SCB) and Goldman Sachs. Read More

  • Amazon Alexa can now pay your Capital One bill

    Amazon Alexa can now pay your Capital One bill

    Amazon’s virtual assistant Alexa, embedded in devices like the Echo speaker and Fire TV, is today taking on a new role: she’s now a banking assistant, too. Capital One announced this morning the rollout of a new “skill” (like an app for Alexa-powered devices), which will allow consumers to do their banking by voice, including checking balances, reviewing… Read More

  • Transforming how retail banking works Crunch Network

    Transforming how retail banking works

    Mobile is changing how people work, travel, read, communicate, shop and many other lifestyle behaviors. In the Internet Trends 2015 report by KPCB, mobile engagement is better than ever, with three hours of time spent per day on mobile devices in 2015 compared to an hour per day five years ago (a 300 percent increase). Adding to this, there was 69 percent and 23 percent annual worldwide growth… Read More

  • Olive branches, rubrics and the state of faster payments in the U.S. Crunch Network

    Olive branches, rubrics and the state of faster payments in the U.S.

    The nation relies on systemically important market infrastructures. As you may have guessed, these engines of economy are designed to resist change. That’s not a bad thing. A certain amount of insulation protects us from the whims of fads and provides the cornerstones of the economy, like banking, finance and commerce — a confident foundation from which to build their systems. Read More

  • Checkbook lets you email anyone a digital check and deposit it free

    Checkbook lets you email anyone a digital check and deposit it free

    If you’re sick of running out of paper checks and stamps or hassling with routing numbers to send zero-fee payments, you can bank on Checkbook. The startup today launches its digital check service where you can send anyone a check with just their email address, and they can deposit it immediately online to get their money or even print it out. What’s remarkable is that… Read More

  • Examining The Top 4 Fintech Predictions For This Year And Beyond Crunch Network

    Examining The Top 4 Fintech Predictions For This Year And Beyond

    Alongside “Unicorn” and “Grexit/Brexit,” “Fintech” was considered one of the top 10 financial buzzwords of 2015. But fintech isn’t a newcomer to this list — and for good reason. For a few years now, fintech companies have moved from the margins to the mainstream. They are building tech-enabled financial platforms that serve consumers better… Read More

  • Let’s Be Honest About The Problems With Blockchain And Finance Crunch Network

    Let’s Be Honest About The Problems With Blockchain And Finance

    Strange times we live in. The world’s biggest financial players and analysts are buzzing about an invention that became famous partly by promising to destroy them. In just a few months, blockchain went from the cause célèbre of crypto-anarchists and tech evangelists to the biggest idea in mainstream banking. Read More

  • Can Fintech Fix Financial Services? Crunch Network

    Can Fintech Fix Financial Services?

    A review of the new Michael Lewis movie The Big Short describes a scene during the 2008 financial crisis in which renters were “kicked out of their homes because their landlord didn’t pay the mortgage, even though they were making their rent payments in full.” It serves as one of many examples of how our malfunctioning financial system produces fundamentally unfair outcomes. Read More

  • Three Ways To Stay Current In The Financial Services Industry Crunch Network

    Three Ways To Stay Current In The Financial Services Industry

    The financial services industry is a cutthroat market with razor-thin margins, making it one of the toughest industries in which to generate profit. Yet, for fintech startups, it is one of the least chartered, most lucrative sectors. Accenture recently reported that fintech investments grew 201 percent in 2014 compared to the previous year. As a comparison, overall venture capital investments… Read More

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