Marketing

Chase Updates App, Discusses Digital Wallet

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3
April 21, 2014
Chase Updates App, Discusses Digital Wallet

JPMorgan Chase updated its iPhone app Thursday, and dropped some hints about its mobile roadmap for the rest of 2014. The newly updated app, seen at left, aims at “humanizing the user experience” for iPhone users, said Gavin Michael, Chase’s head of digital for consumer and community banking at a media event Thursday. Michael...
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Bank of America Adds Mobile Users, Sheds Branches

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1
April 16, 2014
Bank of America Adds Mobile Users, Sheds Branches

Mobile users continue to grow at Bank of America. The bank grew mobile users by 4% in the first quarter of 2014, while shedding 1% of its branches. Mobile users reached 15 million, almost 20% higher than one year ago. JPMorgan Chase and Wells Fargo both saw about 5% QOQ mobile user growth. 10%...
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Building a Bank from Scratch

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3
April 15, 2014
Building a Bank from Scratch

The bank of the future probably won’t be made of brick or stone, and may not be much to look at. It’s easier to say what it will do. Entrepreneur and startup mentor Jack Gavigan, who traded tweets with Marc Andreessen and others on the subject back in February, elaborated on his vision for a...
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FNB South Africa Is Turning In Impressive Mobile Transaction Volume

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0
April 9, 2014
FNB South Africa Is Turning In Impressive Mobile Transaction Volume

The financial services story in Africa has been dominated in recent years by M-PESA, the Kenyan mobile payments service. But an there’s also a mobile banking story worth noting at First National Bank of South Africa. FNB, as it is called, is doing an impressive 230 million mobile banking transactions per month. M-PESA, as...
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Does Ethos Deal Mean Mortgages Are Hot?

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0
April 8, 2014
Does Ethos Deal Mean Mortgages Are Hot?

We were lamenting the lack of innovation in the mortgage industry — and then two startups pop up. So it goes in the fintech startup bubble. First, startup SoFi recently raised $80 million (yes, you read that number right) and promptly announced that it would start marking mortgages. Then, Fenway Summer LLC, the new...
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New APIs Promise Rich, Contextual Data

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0
April 4, 2014
New APIs Promise Rich, Contextual Data

We offer this new dictum: Context is king when it comes to transaction data — and one new startup is staking its future on that. Today, it is becoming standard in banking for APIs (application programming interfaces) to provide rich contextual data in order to deliver value to developers and marketers. No longer is it...
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Four Technologies That Will Revolutionize Financial Services

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4
April 2, 2014
Four Technologies That Will Revolutionize Financial Services

A new wave of technological change is right beyond the next hill, really in the next couple of years. Its most visible symptom is the hyper-connectivity to the Internet, which fuels the evolution of: bitcoin-inspired distributed systems open APIs (application programming interface) as a new way to consumer business services on the internet crowd-sourced...
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Square Accepts Bitcoins, Too

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0
April 1, 2014
Square Accepts Bitcoins, Too

It was only a matter of time. Payment processor Square announced a partnership with Coinbase last night that will allow its merchants on Square Market to accept payments in bitcoins. If this announcement had come a year ago, we might have suspected it was an April Fool’s Day joke, but so quickly does the payments world...
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Citigold Offers ‘Special Edition Doughnuts’

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0
April 1, 2014
Citigold Offers ‘Special Edition Doughnuts’

Who doesn’t want a “special edition doughnut”? Citigold, Citibank’s premium banking product, is offering “special edition doughnuts” to Hong Kong consumers who sign up with the bank. Visitors to the bank’s Nathan Road branch in Hong Kong receive the coupon at left for the “special edition doughnut” — “only one per person during the...
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Can Interactive, ‘Minority Report’ Signage Save the Branch?

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2
March 28, 2014
Can Interactive, ‘Minority Report’ Signage Save the Branch?

Digital signage could do a lot more if banks were willing to put the technology to its full use and make the signs truly interactive. The use of digital signage in bank branches is approaching ubiquity. A 2013 survey conducted by digital signage provider John Ryan found that 60% of respondents had deployed digital...
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