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Category: Retail banking


Products, Retail banking

GAFA in Banking. Will They or Won’t They?

April 23, 2018

Via: Finextra

There has been a lot written over the past few years about the so-called impact that GAFA (Google, Apple, Facebook & Amazon) will have on banking world in the future. These large tech companies are so intertwined with our lives […]


Channels, Products, Retail banking

Opening for Online Alternative as Bank Deposit Rates Stay Near Zero

April 13, 2018

Via: The New York Times

Savers should finally be getting a break. After a decade of being near zero, short-term interest rates have risen sharply in recent months. Typically, these rates — three-month T-bills, Libor, commercial paper — move together because they reflect the same […]


Channels, Products, Retail banking

U.S. Bank Mobile Payment Expands to Mastercard Business Travel Cards

April 11, 2018

Via: Yahoo

The U.S. Bank Corporate Travel Card is expanding its mobile capabilities to Mastercard corporate card transactions. Clients whose business travel cards run on the Mastercard network can now pay for purchases via mobile devices. With this expansion, U.S. Bank now […]


Products, Retail banking

The newest way to combat fraud: A one-time credit-card number you can throw away

April 2, 2018

Via: Market Watch

Is there a solution to credit-card fraud? Hackers have potentially breached the credit- and debit-card data of more than 5 million customers from the parent company of Saks Fifth Avenue, Saks Off Fifth and Lord & Taylor stores, according to […]


Products, Retail banking

Revolut Designed a Virtual Card to Prevent Fraud, By Renewing User Details With Each Payment

March 22, 2018

Via: Bank Innovation

UK-based fintech Revolut’s newest product is a “disposable” virtual card, a product that was designed with fraud protection in mind, the fintech announced today. The card, which sits inside Revolut’s mobile app, wipes a user’s details and resets them after […]


Products, Retail banking

Bank of Amazon could woo 70 million US customers within five years

March 9, 2018

Via: Finextra

Bain and Co, estimates that a banking service from Amazon could swell to more than 70 million US customer accounts within five years, equalling the size of the country’s third largest bank, Wells Fargo. The analysis by the firm’s banking […]


Capital and risk, Credit, Products, Retail banking

These are the 25 cities where people have the most credit card debt

March 6, 2018

Via: Market Watch

Credit card debt. It seems to be an inevitable part of life for many Americans. And, recent data suggests that it really is. According to the Federal Reserve, American credit card debt hit a record high in 2017, rising to […]


Products, Retail banking

Meet the little bank that’s helping immigrants achieve big American Dreams

March 2, 2018

Via: Market Watch

Wendy and David Alphonso had an all-too-familiar experience when they decided to become homeowners: The longtime Brooklyn residents couldn’t afford to buy in their own community. And the Alphonsos weren’t really sure where to start to get advice on a […]


Capital and risk, Operational, Products, Retail banking

Are Consumers Ditching their Banking App for Fintech Apps?

March 1, 2018

Via: Bank Innovation

Scrapegators, what’s that? According to Malauzai Software, that’s the term used for vendors that “scrape” digital banking apps on the internet to gather data and then provide that data to fintechs. In other words, they are aggregators. Think Mint, Yodlee […]


Products, Retail banking

Goldman Sachs expands push into consumer banking

February 28, 2018

Via: Market Watch

Goldman Sachs Group Inc. GS, -0.11% has come to Main Street. In a glass-walled tower in Utah’s capital, hundreds of Goldman employees are building what amounts to one of the world’s most ambitious consumer-finance startups. Their address, 111 Main St., […]