Venmo’s Instant Cashout Option to Create Revenue for PayPal in 2019
PayPal finally anticipates monetizing Venmo in 2019, nearly six years after acquiring the P2P service. Venmo's revenue run-rate is over...
Ally Financial Has Millennials to Thank for Its Impressive Retail Deposit Growth
Ally Financial Inc.’s robust marketing strategy for its retail bank has paid off, as the bank today reported that half...
Zelle to Add 200 FIs and Finastra Partnership in 2019
Bank-backed Zelle will offer its P2P service to core processor technology provider Finastra this year, Bank Innovation has learned. This move is an...
Could a Banking Virtual Assistant Become a Robo-Advisor?
Financial technology provider Personetics is building automated saving and advice capabilities into its AI-based PFM tool offering. This new feature will...
Cross River Bank’s Phillip Goldfeder to Join Bank Innovation Ignite
Phillip Goldfeder, senior VP of public affairs at Cross River Bank, is speaking at Bank Innovation Ignite 2019. Goldfeder will be...
Royal Bank of Canada to Add Subscription Monitoring to Nomi, Its PFM Tool
Royal Bank of Canada will add subscription monitoring and tracking to its AI-driven financial management platform Nomi, Bank Innovation has learned....
Wells Fargo Discloses It Will Add Open Fintech Features to Home Loan Platform
Wells Fargo & Co. will add additional enterprise-level digital capabilities, APIs, and SDKs to its Home Lending platform. The additional APIs...
Second Major Bank to Add Fees to Cover the Cost of Realtime Payments
A second major bank will join PNC Bank and add fees to cover expenses related to realtime payments. The advent...
Operant Calls for Consortium to Improve Debt Collection
Toronto-based fintech Operant.AI believes a consortium for financial institutions is needed to improve the performance at third-party debt collection agencies....
Why Bank of America’s Erica Cannot Help with Complex Transactions
Bank of America’s virtual assistant Erica might be able to alert users of double charges in the future, Bank Innovation...
