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Tag: fintech


Products, Retail banking

Timex and Barclaycard collaborate to create contactless payment watch

September 29, 2017

Via: Banking Technology

Timex and Barclaycard have partnered in true style to produce a new range of contactless payment watches. The Fairfield Contactless promises to be a perfect fusion of style and smart functionality. Coming in at a retail price of £159, it’s […]


Activity, Channels, Investment banking

State Street unveils Quantextual Idea Lab for investment research

September 22, 2017

Via: Banking Technology

State Street has launched its Quantextual Idea Lab, a hybrid of machine learning and human knowledge, for improved investment research. According to the firm, investment professionals are inundated with research reports from the sell side, the buy side and academia. […]


Business banking, Products

WhatsApp mulls business revenue stream

September 6, 2017

Via: Banking Technology

Facebook-owned IM service WhatsApp reckons it might finally be able to make some money by charging businesses for clever access to their punters, reports Telecoms.com (Banking Technology’s sister publication). Apparently quite a lot of people already use WhatsApp around the […]


Channels

Swift teams with TCH to drive instant payments in US

August 16, 2017

Via: Banking Technology

The global financial messaging provider says it will provide US institutions with a gateway to The Clearing House’s (TCH) real-time payments (RTP) platform. And as instant payments become more ubiquitous in the US, Swift says it will provide an interface to manage […]


Activity, Investment banking

Where top US banks are investing in fintech – CB Insights

August 14, 2017

Via: Banking Technology

Since 2012, the top ten US banks (by assets under management) have participated in 72 rounds totaling $3.6 billion to 56 fintech companies, according to CB Insights. The research company says that while investment activity dropped on a quarterly basis in […]


Activity, Corporate banking

Banks and fintechs must revise expectations

July 17, 2017

Via: Banking Exchange

As customers, competition, and regulations intensify with every new technological advancement, banks and fintechs must reinvent their relationships with each other. This will involve entirely new approaches to regulatory development and vendor-bank agreements. In many organizations, basic cultural changes from […]


Channels

Bank web lending can be faster and cheaper

July 9, 2017

Via: Banking Exchange

The cover of Tompkins Financial’s annual report bears the slogan, “Locally focused; A world of possibilities.” And that was part of the $6.2 billion-assets company’s thinking when it adopted an web-based commercial loan application system earlier this year that it […]


Channels

Fintech charter debate boils on

July 3, 2017

Via: Banking Exchange

The controversy over the possible establishment of a national banking charter available to fintech companies came into sharp focus at the recent ABA Payments Forum in Washington, D.C. The Comptroller’s Office, which is still weighing the issue—but which has not […]


Capital and risk, Liquidity

Breaking Banks: Removing Mystery of Money Movement

July 3, 2017

Via: Bank Innovation

Why does it cost so much to move money? If every record is computerized, if all the movement is recorded electronically, then why are there fees to get money out of a different bank’s ATM? Why are there fees to […]


Activity, Investment banking

Where top European banks are investing in fintech – CB Insights

June 19, 2017

Via: Banking Technology

European banks are placing strategic bets in areas ranging from wealth management, lending, payments, regulatory technology, software, and blockchain, according to CB Insights. The research company analysed the private market fintech investment activity of the top European banks (including the investments […]