Digital banking
Digital banking
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Charlie Shrem wouldn't let prison stop him from chatting with his online fans. Even after becoming the first person ever convicted of a Bitcoin-related crime, Shrem continues to cultivate a following among Bitcoin loyalists, some of whom paint him as a sort of martyr for the digital currency.
November 2 -
October saw the three main card networks invest in bitcoin-related companies, which comes on the heels of major banks exploring the use of bitcoin and blockchain technology to solve some industry pain points.
October 30 -
October saw the three main card networks invest in bitcoin-related companies, which comes on the heels of major banks exploring the use of bitcoin and blockchain technology to solve some industry pain points.
October 29 -
The RushCard debacle should lead to consumer improvements, but it should not undercut the progress prepaid has made in helping consumers manage their finances.
October 29 -
Eastern Bank's 18-month-old innovation unit, run by startup veterans, is preparing to release its first product as the industry continues to allocate resources to internal tech labs while wondering when and how such efforts will pay off.
October 28 -
The founder of an IPO services company that was sold this month to Nasdaq has lined up several investors for his new company, which will invest in bitcoin and blockchain developers.
October 28 -
JPMorgan Chase entered the digital wallet wars in announcing Chase Pay, a product that will launch next year. Although mobile payments have been more bark than bite so far, the company says that its product plans to use loyalty programs to lure reluctant consumers.
October 27 -
Customers Bancorp in Wyomissing, Pa., is building an online borrowing experience for its small-business clients.
October 27 -
From mobile wallets to machine learning, from biometrics to Bitcoin, many examples of what the industry calls "emerging technology" have finally emerged. But change is happening slowly, as is usual in the complex financial services space.
October 26 -
The degree of success Starling Bank achieves could foreshadow how similar digital banking entrants in the United States might perform given a narrower product selection, a commitment to mobile, and a focus on collecting and analyzing data.
October 23 -
The widespread adoption of online and mobile banking has largely happened at a time when rates have been near zero. At some point, rates will rise and the value of the experience will be pitted against the value of a yield for depositors. Rate-hoppers will be able to move at an unprecedented speed.
October 22 -
Industry representatives are howling about the lack of consumer benefit from the Durbin amendment, but we still know very little about the impact of the debit fee cap.
October 22 -
Furthering efforts to bring virtual currency mainstream, cryptocurrency companies and trade groups are teaming up to create a forum to aid law enforcement in weeding out criminal activity.
October 22 -
So many banks are running systems that were implemented before 1984, the year Mark Zuckerberg was born. Theyre going to be dead meat in the age of real-time connectivity in the near-free world of todays mobile Internet.
October 21 -
Two new apps, Penny and Sense, highlight customers' most pressing and interesting financial information without making them search for it. The apps, inspired by Google Now, come as banks worldwide try to provide more sophisticated mobile features.
October 20 -
Citigroup has launched a unit in its global consumer bank dedicated to the development of its mobile banking services and promoted Heather Cox to be its CEO.
October 16 -
The digital-age industry sells borrowers on its speed. But it remains captive to outdated technology that can delay the delivery of funds by several days.
October 8 -
Independence Bancshares in South Carolina last week fired its CEO and gave up its dreams of shaking up the payments world after losing nearly $9 million on the effort. Many details are still unknown, but it looks like a case study for what can go wrong when community banks invest in technology.
October 6 -
The New York State Department of Financial Services gave a third virtual currency company the green light to begin operations in the state.
October 6 -
Santander Group, the Spanish banking giant, has invested several million dollars in Ripple, one of the most prominent startups in the hotly discussed field of distributed-ledger technology.
October 6





