Banks Still Aren’t Spending Money on Open Banking (Or Blockchain or Artificial Intelligence….)
EXCLUSIVE- APIs and open banking might be becoming more integral to financial institutions, but it doesn’t seem like banks are...
Banking
SoFi Withdraws Banking License Amid CEO Resignation
After a tumultuous few weeks, online student lender Social Finance, or SoFi as it is better known, is withdrawing its...
IBM To Use Blockchain Technology for Crossborder Payments for Banks
Multinational tech mogul IBM is working with blockchain startup Stellar to establish a cross-border payment system, which will allow banks...
Wells Fargo: More NFC-Powered ATMS, Fewer Branch Interactions
EXCLUSIVE - People’s interaction with ATMs is shifting more and more towards cardless transactions, at least according to Wells Fargo. In...
Bitcoin Miners Hack Amazon Web Services
The RedLock security intelligence group has discovered that Hackers used Amazon’s Web Services (AWS) computing resources to mine bitcoin. The...
Branches Still Matter Even as Mobile Growth Continues, JPMorgan Chase Says
EXCLUSIVE— With 12% growth in mobile active customers year over year, JPMorgan Chase is quite aware of mobile banking’s growing...
Media Focused Fintech FastPay Picks Up AnchorOps in a Bolt-On Deal
Los Angeles based FastPay, a fintech that specializes in providing financing to media companies, has acquired AnchorOps, an electronic payment...
Finastra Brings Payments to Microsoft Azure
Financial services firm Finastra is bringing payments to Microsoft’s cloud platform, Azure, which will allow clients to access digital payment...
Banks Need to Increase Focus on APIs if They Want to Match Fintechs, Verizon Says
EXCLUSIVE— It’s no secret that banks don’t move all that fast when it comes to new innovations, but most are...
Chinese Microlending Fintech May Make Min Luo a Billionaire
With a net worth of at least $1.2 billion, Min Luo may be the latest Chinese billionaire to have amassed...
