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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. Honkook Kim and his Gentle Monster Brand is a perfect example.

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Moven Gets Funding from SoftBank and Looks to Returns to Roots with Bank Acquisition

Bank Innovation

Neobank Moven has secured an undisclosed amount from SoftBank and is looking to acquire a bank with the funding, according to an American Banker report. Moven burst onto the fintech scene in 2012 — it was founded in 2011 and launched an alpha product in 2013 — as Brett King’s bank, or bank account.

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Details on the FDIC Security Breach by Chinese Spies [VIDEO]

Bank Innovation

How Chinese spies hacked into computers at the Federal Deposit Insurance Corporation from 2010 until 2013 -- and American government officials tried to cover it up.

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Coinbase Faces Class-Action Suit Over Sales Of Ripple's XRP

PYMNTS

Securities and Exchange Commission filed a lawsuit against Ripple Labs and some of its executives, alleging the company illegally skirted laws by classifying its XRP cryptocurrency as a commodity rather than a security, a Missouri man has sued Coinbase over its role selling XRP. A week after the U.S. 22 against Ripple Labs.

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Deep Dive: Security In The Time Of Faster Payments

PYMNTS

While the benefits were great, the innovation came with its share of risks, too. Security strategies. Faster payments aren’t all doom and gloom, though, and proper security measures can help businesses reap the benefits of real-time payments schemes with fewer detriments.

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PayPal India Sees Revenue Jump 12x

PYMNTS

While the basic payment platform, coupled with the security features, are the same as in the U.S., That same year, PayPal rolled out two new Innovation Labs in India to focus on technology like digital payments, artificial intelligence (AI) and virtual reality (VR), using the labs to benefit the economy in India.

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SEC’s Ripple Suit Shows Bumpy Road In Defining Crypto

PYMNTS

News came this week that the United States Securities and Exchange Commission has filed suit against Ripple over its XRP cryptocurrency. billion unregistered securities offering, and named CEO Brad Garlinghouse and Co-Founder Chris Larsen in the suit. It’s an attack on the entire crypto industry and American innovation.”