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Most consumers aren't rushing to throw out their plastic cards in favor of mobile wallets, so the banks and tech companies behind payment apps have to get creative. Here are some of the most noteworthy promotions.
December 23 -
The blockchain startup Axoni has raised $18 million in a Series A funding round led by Wells Fargo and Euclid Opportunities, the fintech investment business of the interdealer brokerage ICAP.
December 22 -
Citi Treasury and Trade Solutions has appointed Hubert J.P. Jolly as its global head of payments and receivables, effective immediately.
December 21 -
A Danish company called Cardlay has closed a $4 million funding round to deploy its white label card management solution to banks.
December 21 -
Royal Bank of Canada is providing a virtual reality "try before you buy" experience for its RBC Rewards customers.
December 21 -
Goldman Sachs and JPMorgan Chase are among a group of institutions reportedly backing Axoni, a capital markets technology firm that specializes in distributed ledger infrastructure.
December 20 -
When the financial services industry started paying attention to blockchain technology, many companies, seemingly as a reflex, sought patent protection for their ideas.
December 20 -
As financial institutions have gained a clearer understanding of blockchains, they've begun to see the merits of openness in supporting collaborative innovation, and the limitations of the old you-can't-touch-this approach.
December 19 -
A startup aims to highlight the social impact that banks have to allow easier vetting by prospective customers; community banks like Jill Castilla's are getting income from being tech vendors; and Amex is making its parental leave policies better next year, in a move that just might be an emerging trend. Plus, Wonder Woman loses her U.N. job because of the way she dresses.
December 15 -
The gender equality police namely, the activists Arjuna, Pax, and Trillium, which targeted Silicon Valley earlier this year is making moves on Wall Street now, starting with Citigroup, Bank of America and Goldman Sachs. Fed governor Lael Brainard encourages fintechs to tackle financial access and Cleveland Fed president Loretta Mester talks about the industry's past and future. Citi FinTech's Carey Kolaja celebrates its first product launch. Plus, people moves at Santander Consumer, Deutsche Bank and Bank of New York Mellon.
December 8
