Bank Innovation

SEPTEMBER 13, 2017

EXCLUSIVE- SME banking app, Seed, is gearing up to roll out a tool that supports Apple iPhone X’s new Face ID feature, Bank Innovation learned. This makes sense, since the San Francisco-based digital bank’s mobile app is currently only available on iOS.

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Bank Innovation

JUNE 28, 2016

Yesterday, a Danish bank introduced a bot for simple queries (and soon, transactions) and earlier this month, San Francisco-based startup Dyme, a member of the Spring 2016 Bank Innovation INV class, released a prototype of a Facebook messenger bot whose functionality mirrors that of Dyme’s SMS-based Read More.

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PYMNTS

DECEMBER 21, 2020

Bolt was founded in 2014 in San Francisco and works on tools to streamline web transactions. The round was led by General Atlantic and WestCap , and existing investors Activant Capital and Tribe Capital also participated.

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Bank Innovation

MARCH 28, 2018

EXCLUSIVE— San Francisco-based startup Denizen wants to create a new way of banking, by providing users with a “borderless” bank account that doesn’t come with all of the hassle and pain points of international finance, co-founder and CEO Joaquin Ayuso de Paul told Bank Innovation.

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PYMNTS

NOVEMBER 2, 2020

based online grocery, is heightening its automation drive by acquiring two robotics companies. Owning Kindred Systems of San Francisco and Haddington Dynamics of Las Vegas will help Ocado tackle “one of the world’s hardest challenges in robotics, the picking and packing of groceries,” the company said in a press release on Monday (Nov.

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Bank Innovation

JANUARY 31, 2017

Marie Floyd, Senior Vice President and Head of Digital Consumer Experience at Wells Fargo, is set to speak at Bank Innovation 2017. Floyd is responsible for customer insight and digital applications at the San Francisco-based bank, an area that includes the company’s web applications as well as the content and Read More.

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Bank Innovation

JUNE 22, 2016

San Francisco-based Ripple announced that seven global banks have joined its network to improve their cross-border payments experience. Real-time international payments are not far over the horizon anymore. Among the banks are Santander, UniCredit, UBS, ReiseBank, CIBC, National Bank of Abu Dhabi (NBAD), and ATB Financial.

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Bank Innovation

FEBRUARY 21, 2018

EXCLUSIVE— Shares of San Francisco-based online lender, LendingClub, fell as much as 11% yesterday after the company missed profit estimates and more than doubled its losses in its fourth quarter. The lender also grew its originations from last year, though its growth in that area remained flat from 3Q17.

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Bank Innovation

MARCH 7, 2018

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

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Bank Innovation

MAY 17, 2016

SigFig, a San Francisco-based robo advisor, partnered with UBS Wealth Management to create and customize digital tools for WMA’s 7,000 advisors, it was announced today. The tools will “complement” the existing expertise of UBS advisors, and not form a separate automated platform, SigFig said.

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Bank Innovation

JUNE 20, 2019

Citizens Bank is generating one-third of its mortgage applications online, thanks to a suite of tools the company rolled early this year and a partnership with San Francisco-based fintech firm Blend.

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PYMNTS

SEPTEMBER 29, 2020

But there are plans to expand it across Seattle, New York, Chicago and San Francisco, the company said. Instead, he said, the palm images are encrypted and stored online. If it’s a hit with users, Amazon plans to bring it to other retailers as well as performance venues and the nation’s offices.

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Bank Innovation

FEBRUARY 18, 2019

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

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Bank Innovation

SEPTEMBER 26, 2017

The new capability works through an integration with TD Ameritrade Institutional’s Self-Directed Plan Services platform, which should expand the long-term value of the San Francisco- based Lively’s HSA offering. Healthcare Savings Account provider Lively Inc. has raised $4.2 The feature […].

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PYMNTS

NOVEMBER 17, 2020

Francesco Simoneschi, co-founder and CEO of TrueLayer, said the “collaboration with Revolut is continuing apace — and this is just the beginning of what will be a fruitful partnership bringing further innovation to the German market.”. Meanwhile, Revolut is close to applying for a U.S. banking license.

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PYMNTS

FEBRUARY 28, 2020

It’s hard to imagine that there’s so much technology and innovation happening up and down the mobility spectrum except for in this market — and it’s a $1.4 Via online and mobile it has introduced artificial intelligence (AI)-based technology in pricing cars as well as qualifying for financing. trillion market in the U.S. How It Works.

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Bank Innovation

FEBRUARY 23, 2017

The San Francisco-based company processed $13.7 Mobile payments company Square grew its gross payment volume 34% over last year, and its loans through Square Capital were up twice that — 68%. billion in payments in the fourth quarter of 2016, compared with $10.2 billion in the same quarter last year. Read More.

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Bank Innovation

OCTOBER 17, 2017

After a tumultuous few weeks, online student lender Social Finance, or SoFi as it is better known, is withdrawing its bank license application. A few weeks […].

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Bank Innovation

MAY 2, 2019

s downtown San Francisco headquarters once featured many of the lavish perks booming tech companies use to attract workers and keep them happy once they’re hired: kitchens stocked with snacks, mini-golf, a Foosball table, an in-house spa. Now the online-lending pioneer is cutting back on the amenities, and the workforce too.

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Bank Innovation

JUNE 18, 2019

San Francisco-based corporate card startup Brex today launched a corporate card specifically tailored to companies in the life sciences industry.

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Bank Innovation

JANUARY 24, 2019

The San Francisco-based bank disclosed the plan in a job posting today. Wells Fargo & Co. will add additional enterprise-level digital capabilities, APIs, and SDKs to its Home Lending platform. The additional APIs and SDKs should allow more integrations with other technology services and applications.

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PYMNTS

MARCH 31, 2020

San Francisco-based Princeville Capital has announced a $50 million investment in Russian online retailer Ozon, which is partly owned by the Russian-based conglomerate Sistema. Ozon , one of Russia’s largest online retailers, has been on a growth spurt over the last few years.

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Bank Innovation

APRIL 12, 2016

Paymentwall, a San Francisco online payments company, announced today that it has integrated its payment services into the Shetab, which is Iran’s “unified, electronic clearance system for the entire Iranian banking operations that allows it to facilitate transactions from Read More.

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PYMNTS

SEPTEMBER 19, 2019

Apparel used to be mostly a brick-and-mortar retail experience, but that has changed drastically over the last few years – and has been one of the main innovations when it comes to commerce related to the clothes we wear. But at this point, it is also mostly table stakes in the race to bring apparel retail online. Better Fit.

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Bank Innovation

FEBRUARY 22, 2016

The launch of Visa Developer transformed the San Francisco-based Visa’s payments network to an open platform, allowing access to online and mobile person-to-person capabilities, accountholder identification and Visa Checkout.

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Bank Innovation

SEPTEMBER 24, 2019

For Aura, an online lending platform for low-income families, reaching underbanked borrowers means going beyond the bank setting and working with retailers to reach customers who may be overlooked by traditional lenders.

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Bank Innovation

APRIL 13, 2018

San Francisco-based Wells Fargo saw a 13% increase year over year increase in its customers’ digital usage […]. EXCLUSIVE – Wells Fargo plans to shut down 300 branches this year and about 5,000 branches by 2020, as the bank sees a surge in digital adaption from its customers, CEO Tim Sloan said on today's earnings call.

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Bank Innovation

APRIL 11, 2016

That trend continues this week, with some San Francisco-grown AI thrown into the mix. Last week this space saw much of the largest fintech funding rounds taking place outside the U.S. This week we witnessed a major push forward in the process of collaboration between financial institutions (FIs) and startups. This Read More.

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Bank Innovation

AUGUST 15, 2017

The San Francisco-based company, has made numerous strides, from issuing its millionth loan to expanding its retail partnerships; from preparing to launch new products in the fall to moving into a permanent office space. This has been a good year for Affirm, the lending startup established by PayPal co-founder Max Levchin.

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Bank Innovation

JUNE 28, 2018

For the task, San Francisco-based Bento raised $9 million in a new round of funding today. Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad.

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PYMNTS

JULY 22, 2019

While not exactly an empire yet, the online retailer launched its 13th store in New York City last month and it features the ability to use cash, answering a complaint that’s been lodged at unattended retail generally. Zippin , a new cashierless convenience store, has launched in San Francisco with the goal of reducing typically long lines.

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Bank Innovation

MARCH 23, 2016

In an effort to track product and service efficiency, as well as tease and test possible features of the future, Wells Fargo has launched Digital Express, a pilot program exclusive to its Transbay Gateway store in downtown San Francisco. Within, a section of the lobby displays tablets on a table which confronts customers Read More.

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Bank Innovation

DECEMBER 7, 2016

The tie-in was announced yesterday at the Recode Code Commerce event in San Francisco by Square CEO Jack Dorsey. Users of Square’s virtual payment cards can now link those cards to their Apple Wallets, expanding the company’s reach in the payments sphere once again—this time with Square Cash leading the way. Read More.

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Bank Innovation

OCTOBER 26, 2018

The San Francisco-based bank said it has tripled the number of cash access locations for its customers in Denver, to 151, and nearly quadrupled the number of those locations […]. Bank of the West recently added 143 ATMs across the Denver and Sacramento metro areas through an agreement with ATM operator Cardtronics. One target?

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PYMNTS

OCTOBER 14, 2019

For example, Powell had to make the bikes electric, as people are riding up hills in areas like San Francisco. As the company grows in 2020, it is focusing on bigger media, magazine publications and online reviews. He ended up starting his own company with the goal of tailoring the bike for the U.S.

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PYMNTS

APRIL 14, 2020

As an example, Ocado, Britain’s leading online grocer, has had to stress-test an experimental program to automate its warehouses. Tally had its test run at a Target store in San Francisco, although the company has not announced plans to expand as of yet. The robotic rise can be seen in two key areas: fulfillment and in-store.

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PYMNTS

SEPTEMBER 10, 2018

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Decomposer for innovator large or small, established or emerging. Some spend much more in cities like Boston, New York and San Francisco. Fleets As The Fuel.

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