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Is Banking’s ‘Uber’ Moment Coming?

Bank Innovation

SAN JOSE, Calif.– This was one of the key questions debated by the fintech professionals attending Bank Innovation 2017, currently taking place here. – Has banking had its “Uber moment,” or is the industry still waiting? Since then, its reputation has had […].

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Chase Leans Strategy to ‘Buy’ from ‘Build’

Bank Innovation

SAN JOSE, Calif. – The “build or buy” scale is leaning increasingly towards “buy” at JPMorgan Chase, as fintechs become less concerned with disrupting traditional banks. That’s the upshot from Adam Carson, the bank’s head of digital partnerships, during a fireside chat at Bank Innovation 2017. “In

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MortgageTech Owns the Stage at Finovate Spring, Day 2

Bank Innovation

SAN JOSE, Calif. It makes sense that fintech startups are taking on mortgages, but the uptake has been slow — until today. — Getting a mortgage is a terrible experience. It is expensive and time-consuming, and a lot of work to gather documents and data.

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Investing, Authentication, and a Few Bots Take the Stage at Finovate

Bank Innovation

SAN JOSE, Calif. Not all were startups (IBM) and not all were really fintech (Quid). All of them did their best to impress a passionate crowd of 1,500+ fintech fanatics. — Thirty-nine companies demoed their products to the crowd at Finovate Spring today. Here’s our take on the demos from Read More.

San Jose 150
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Fiserv Ratchets Up R&D Spend, CEO Says

Bank Innovation

SAN JOSE, Calif. — Fiserv has increased its research-and-development spending to 7% of revenue this year, up from 5% last year, CEO Jeff Yabuki said at the Bank Innovation 2017 conference here on Monday. In 2016, Fiserv recorded $5.5 billion in revenue — which means somewhere around $385 million flowing into tech.

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Subscription Business Models Lead B2B VC Funding

PYMNTS

Venture capital appears to be picking back up in the B2B technology startup community. This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability. Allica Bank.

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Investments, Financial Management, and Even Some Virtual Reality: Finovate Day 2

Bank Innovation

SAN JOSE, Calif. – Day 2 of Finovate saw a seeming parade of wealth management and investment solutions, but the final one included a new twist — virtual reality. Was it a bit frivolous? Was the use case far-fetched, strained, even bizarre? Could be, but the audience appreciated it anyway simply Read More.

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