Online

Building a Bank from Scratch

By
1
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...
Read More »

Heartbleed is a Headache for Banks

By
1
April 11, 2014
Heartbleed is a Headache for Banks

Bank systems are generally thought to be safe from the direct effects of the Heartbleed bug, according to security experts, but the galaxy of vendors and service organizations — to say nothing of employee devices — are another matter. The Heartbleed exploit refers to a weakness in OpenSSL, an authorization and encryption protocol that...
Read More »

Chase and Wells See Steady (and Similar) Mobile User Growth

By
2
April 11, 2014
Chase and Wells See Steady (and Similar) Mobile User Growth

Mobile users continue to grow at a steady clip at two of the nation’s largest banks. Both JPMorgan Chase and Wells Fargo saw about 5% quarter-over-quarter growth in active mobile users for the first quarter of 2014. Chase’s active mobile users hit 16.4 million, up from 15.6 million last quarter. Chase saw a similar...
Read More »

Kabbage Starts White-Labeling Its Lending Service

By
0
April 9, 2014
Kabbage Starts White-Labeling Its Lending Service

The recent successes of online lenders has made them attractive to investors — and now banks are entering the fray. Small-business lender Kabbage will soon white-label its service to “a very large financial services company,” according to TechCrunch. The online lender recently secured a $270 million credit facility from Guggenheim Securities, an investment arm of...
Read More »

VIDEO: BBVA on How to Become a ‘Digital Bank’

By
0
April 8, 2014

Angel Cano, COO of BBVA, explains the process of making BBVA into a digital bank in this video. Among other things, he discusses speeding up business processes, simplifying project roadmaps, improving the customer experience and the importance of not wearing ties.
Read More »

In Search of the Rational Bank Customer

By
2
April 7, 2014
In Search of the Rational Bank Customer

When did you last use the ATM and how much did you take out? Are you sure? A new study says our recall regarding cash machines and other financial matters is more often wrong than right. Every day new banking studies come out and look at customer expectations and behavior in the mew omnichannel...
Read More »

New APIs Promise Rich, Contextual Data

By
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...
Read More »

Lendio Prepares to Automate Document Gathering for Borrowers

By
1
April 3, 2014
Lendio Prepares to Automate Document Gathering for Borrowers

Online small business lender Lendio is asking its borrowers to dish on the dismal job of gathering documents for a loan. The survey was sent to Lendio customers yesterday. Salt Lake City-based Lendio works with banks to acquire more customers. Its system looks and acts like a personal financial management tool for lending to...
Read More »

Budgets Not Keeping Up with Mobile Banking Growth

By
0
April 3, 2014
Budgets Not Keeping Up with Mobile Banking Growth

Despite the clearly growing importance of mobile to banks, it seems the channel is still not receiving its due in terms of budget. 45% of banks said that mobile is allotted 5% or less of current IT budgets. 17% of banks said that 26% or more of their total IT spend goes to mobile....
Read More »

Four Technologies That Will Revolutionize Financial Services

By
3
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...
Read More »



Archives