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13 hours ago

Improving Security In the Fast-Paced World of Mobile

Banktech reports: Improving Security In the Fast-Paced World of Mobile Looking at the biggest threats banks face in mobile with BITS’ security expert Jim Pitts. Source: Improving Security In the Fast-Paced World of Mobile. [Source: Banktech]

13 hours ago

Banks Add Mobile Money Management to Attract Millennials

BTN reports: Banks Add Mobile Money Management to Attract Millennials Banks are aiming to add personal financial management features, including goal-based savings vaults and cash flow forecasting, to standard banking apps like mobile check depositing. Their goal: Turn Gen-Y into a loyal client base. Source: Banks Add Mobile Money Management to Attract Millennials. [Source: BTN]

17 Apr 2014 10:59

Chinese Web giant Baidu launches mobile wallet

Finextra reports: Chinese Web giant Baidu launches mobile wallet Search engine provider Baidu has become the latest Chinese Web firm to move into the mobile money arena, launching a payments and wealth management … Source: Chinese Web giant Baidu launches mobile wallet. [Source: Finextra]

17 Apr 2014 10:59

Qapital takes PFM to the next phase with proprietary account integration

Finextra reports: Qapital takes PFM to the next phase with proprietary account integration Swedish financial management start-up Qapital is preparing to launch in the US with a service that enables users to track their spending, set savings … Source: Qapital takes PFM to the next phase with proprietary account integration. [Source: Finextra]

16 Apr 2014 09:10

Westpac Aims to be First to Unlock Mobile Apps with Fingerprints

BTN reports: Westpac Aims to be First to Unlock Mobile Apps with Fingerprints The cutting-edge bank — it already offers smart watch apps — is testing the technology on its employees’ mobile devices and, if all goes well, it plans to roll it out to its customers by late summer. Source: Westpac Aims to be  Continue Reading » [Source: BTN]

16 Apr 2014 09:09

The London Fintech Boom — TransferWise And Others Hit Record Numbers

TechCrunch reports: The London Fintech Boom — TransferWise And Others Hit Record Numbers  Slowly but surely a revolution has been taking place in financial technology, or fintech as we call it these days. These days fintech’s hottest sphere is not in Bloomberg terminals but in disruptive cloud startups, using the Internet as a route around  Continue Reading » [Source: TechCrunch]

16 Apr 2014 09:09

ANZ chief Smith puts social media at the heart of the bank’s future strategy

Finextra reports: ANZ chief Smith puts social media at the heart of the bank's future strategy ANZ chief executive Mike Smith has committed to making social media engagement and digital services a “key business priority” for the Australian bank … Source: ANZ chief Smith puts social media at the heart of the bank's future strategy. [Source: Finextra]

15 Apr 2014 09:13

Are ATMs the Right Channel for Serving the Underbanked?

BTN reports: Are ATMs the Right Channel for Serving the Underbanked? The ATM Industry Association is examining ways the machines can be used to better reach lower-income consumers. Sending money to someone, paying bills, and loading a portion of a check onto a prepaid card are among the types of transactions the group is envisioning  Continue Reading » [Source: BTN]

15 Apr 2014 09:13

Pay By Palm?

PYMNTS reports: Pay By Palm? For some people paying by phone is already the last big thing, and they’ve moved on to paying by palm. Swedish students are now paying with the palms by using Quixter, a truly unique POS device that authorizes payments by scanning the unique patter of blood vessels in an individual’s  Continue Reading » [Source: PYMNTS]

15 Apr 2014 09:13

Keys to Successful Multichannel Optimization

BAI reports: Keys to Successful Multichannel Optimization Developing and executing a multichannel strategy requires foundational data to ensure that the strategy aligns with channel capabilities, customer preferences and the bank’s overall strategy and brand promise. Source: BAI Strategies. [Source: BAI]

By , 01 Apr 2014 08:16

3 Moments that Can Make or Break a Banking Customer’s Experience

Exceptional and unforgettable Moments of Truth fuel customer delight and loyalty. So too do pointless and broken interactions douse brand devotion. Unfortunately, disappointment carries more weight. Research undertaken by Richard Normann several decades ago revealed that it takes twelve positive Moments of Truth to recover from one failure. Knowing this, it makes sense to prioritize  Continue Reading »

By , 04 Mar 2014 03:51

Youngest Banking Customers Want More Mobile and Online Banking

With more than 317 million people living in the United States, it’s easy to assume that banks have an infinite supply of consumer markets to chase down prospective business. Though conventional services and amenities, like free checkbooks and neighborly customer service, are some banking perks that customers have come to expect, a new set of  Continue Reading »

By , 25 Feb 2014 11:24

Finovate 2014: The Eye of the Digital Storm

At Finovate Europe, I had the opportunity to be in ‘the eye of the current digital storm’, which gave me a chance to reflect on digital transformation in the industry today. To my surprise, I only met a few bankers and a handful of insurance people at the event. It was difficult to believe. I  Continue Reading »

By , 07 Feb 2014 04:14

Chasing Finovate: The Bank Innovators Council

We sat down with veteran banker and FinTech innovation evangelist JP Nicols to find out more about his latest initiative: The Bank Innovators Council, a membership organization by bank innovators for bank innovators. The Council will be holding its Bank Innovators Lab Day immediately after FinovateEurope, with headliners including Brett King and Mariela Atanassova. There  Continue Reading »

By , 30 Dec 2013 08:09

2014: Is your company ready for digital transformation?

Historically, financial services companies have not been on the frontier of innovation. On the contrary, in the current era of digitization, too many companies think they have enough time to adapt to this new environment. In many boardrooms ‘digital’ is still associated with selling products over the Internet or cost-cutting. But this is only half  Continue Reading »

By , 23 Dec 2013 09:10

Cooking with Glass in Turkey – TEB Delivers of One of the First Google Glass Banking Apps

Turkey continues to foster in innovative spirit in banking with Turkish Economy Bank (TEB) being among the first banks in the world to release a Google Glass App. TEB has an impressive track record when it comes to being ahead of the curve. They were the first bank in the world to pioneer cardless cash  Continue Reading »