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Five phases of FinTech (2005-2027)

Chris Skinner

The five phases of FinTech are (dates are rough guide): Disruption (2005-2014) Discussion (2014-2017) Partnership (2017-2022) Integration (2022-2027) Renewal (2027+) Phase One: Disruption (2005-2014) … The post Five phases of FinTech (2005-2027) appeared first on Chris Skinner's blog.

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US Household Debt Drops For First Time Since 2014

PYMNTS

household debt for the first time since 2014, the Financial Times (FT) reported. The steep decline in consumer spending resulted in less U.S. At the end of June, consumer debt balances sat at $14.27 trillion, according to figures from the Federal Reserve Bank of New York. That’s a 0.2

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Q: Do investors believe bank digital transformations are succeeding? A: No.

Chris Skinner

Anyone who’s read this blog since 2007 or my books since 2014 will know that I have a regular rallying call: replace core systems; refresh the bank’s technology stack to an open architecture; embrace APIs, apps and analytics; deep dive on data; transform to be digital and not industrial; rethink … The post Q: Do investors believe bank digital (..)

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FitPay Founder & COO Michael Orlando Joins Bank Innovation 2018

Bank Innovation

Orlando founded FitPay in 2014. EXCLUSIVE- Michael Orlando, founder of FitPay, a provider of payment technology for wearables, has joined the speaker faculty for Bank Innovation 2018, which takes place March 5-6 in San Francisco. The company went on to be acquired by security technology company Next-ID Inc.,

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WhatsApp Moves to P2P First, Businesses Come Next

Bank Innovation

WhatsApp–which was acquired by Facebook in 2014 for $22 billion–has 1.2 Facebook-owned messaging app WhatsApp is beginning its trek into payments, using the UPI system to enable the feature in India. 200 […].

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Creating a ‘Blockchain Industry:’ Patenting the Blockchain

Bank Innovation

Patent filings for blockchain technology have more than tripled since 2014; this spike includes patents filed by cryptocurrency exchanges such as Coinbase, payment processors like Mastercard, and banks like Goldman Sachs and the Bank of America. According to a report conducted by law firm Reed Smith, the most popular areas Read More.

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US is now Afterpay’s largest customer market 

Bank Innovation

This is the first time since the company’s 2014 launch that its U.S. The point-of-sale lender announced this week it has more U.S. customers than customers in New Zealand and in Australia, where it is headquartered. customer numbers have outperformed other markets. […].

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