Category: FinTech

Stay up to date on the latest trends in FinTech – where technology meets finance to create new market opportunities.

Banks Jump into Personal Finance Apps Anyone Can Use

Not too long ago we took a look at how personal finance apps could actually be helping bank loyalty. It seems that banks are catching on to this trend and are now trying to use it to their advantage. As Mary Wisniewski recently wrote about in American Banker, some institutions are trying to earn themselves new customers by offering apps that anyone can use. One example of this is Ally who...

Could Brexit Hurt London's "Global Capital for FinTech” Status?

  When those of us on this side of the Atlantic think of FinTech headquarters, it's Silicon Valley that most likely comes to mind. However, in the global scheme of things, it's actually London that reigns supreme. As Aaron Klein of Fortune recently noted the United Kingdom is home to over 60,000 FinTech jobs and has regulatory policies in place that are so attractive to FinTech firms that Ernest &...

JPMorgan Chase Starts In-House FinTech Incubator

Over the past few years JPMorgan Chase has had a somewhat turbulent relationship with FinTech but has seemingly come to embrace it more in recent months. To that point now comes news that the too-big-to-fail bank is launching an in-house incubator aimed at developing FinTech startups. According to Bloomberg the institution is launching a six-month program called In-Residence that looks to grow a quid pro quo relationship with startups and other...

Could Payday Lenders' Pain Be FinTech's Gain?

Short-term, high-interest lenders — usually referred to as "payday lenders" — are facing increased scrutiny and regulation as of late. In fact just last month Google announced they would ban ads from such companies. However one of the industry's harshest critics has been the Consumer Financial Protection Bureau (CFPB) who's director, Richard Cordray, recently explained, "The very economics of the payday lending business model depend on a substantial percentage of borrowers...

Are Chatbots the Next Frontier for Mobile Banking?

The days of waiting for bank statements to be mailed in order to balance your checkbook are long gone. Today consumers have a number of ways of keeping up to date with their bank accounts including bank-specific apps, third-party apps, and even digital assistants like Amazon's Echo. Now some are thinking that the next logical hub for banking will be messaging apps, thanks to the push these applications have given to...

After a Really Bad Month, FinTech Begins to Get Back on Track

There's really no sugar-coating the fact that the past few weeks have been pretty bleak in the world of FinTech. At the beginning of May, Prosper announced that it would be laying off 28% of its workforce and would even be subleasing some of its office space. That announcement hurt the already aching stock of other lenders. Yet that wasn't even the worst of it. Less than a week later...

Poll: Average Americans Aren't Aware of Crowdfunding

Innovation is something that many of us take for granted these days. At the same time technology is also something that certain sectors fear as companies with better models that take advantage of innovation to disrupt existing businesses. This is definitely the case when it comes to FinTech. The rising sharing economy encompasses a broad range of business models, including ride sharing, room rentals, and crowdfunding among many others.  While these ideas...

Using FinTech to Manage Your Credit Card Rewards

If you've ever considered getting a rewards credit card you know it can be a daunting task. Sure the information is all out there but it can be difficult to know exactly which card will make the most sense for you personally. Furthermore managing multiple rewards cards and using each to its full potential is a skill in and of itself. As a result of this confusion it is estimated that consumers...