Category: FinTech

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

What Customers Would Want from a Mobile-Only Bank

With FinTech companies and services becoming a regular part of our lives, those who would have never considered using an internet exclusive bank now find themselves signing up for accounts. This is not only because of technological advances that reduce the need for customers to visit physical banking branches but also due to the better interest rates and other incentives that such banks can offer. So can this strategy that has...

The Rise of Retailer-Specific Mobile Payment Solutions

While retailers are still in the process of transitioning to EMV chip card readers, mobile payments continue to increase thanks to the roll-outs of Apple Pay, Android Pay, and Samsung Pay. However over the past few months a new trend in mobile payments has emerged: retailer specific payment solutions. So far this year chains such as Walmart and CVS have introduced their own "Pay" products and, as Sarah Perez at TechCrunch...

Square Working to Speed Up EMV Chip Card Payments

There’s a big problem that has come to light as America adopts EMV cards: they’re painfully slow. Because of the complexity involved with chip card payments, including generating a unique card number for each individual transaction, the entire process is noticeably and frustratingly longer than the old magnetic stripes did. Now one FinTech company is working to speed up EMV payments to the delight of both customers and entrepreneurs.Square has...

7 Finance Apps You Should Know About

Whether they realize it or not, millions of Americans now utilize FinTech on a daily basis. This is mainly thanks to growing popularity of budgeting, investing, and savings apps available both online and for mobile devices. Still, while a few have cracked their way into the mainstream, others aren't getting the recognition they deserve. With that in mind here's a look at seven finance applications you should be aware of:...

Report Says Banking Bots May Have to Wait

Earlier this year Facebook Messenger announced that chatbots would be coming to their popular app. Ever since then chatbots have been the talk of the town as brands, publishers, and many others have introduced bots that can do everything from providing you with breaking news to ordering a pizza. As a result of their newfound popularity many have even speculated that chatbots could be used to assist with financial services. However...

FinTech Companies Featured on "60 Minutes"

We've known for a while now that FinTech was headed for the mainstream but it doesn't get more mainstream than Sunday night on one of the big four television networks. That's exactly where the industry recently found itself as a segment aired on CBS's 60 Minutes featuring Patrick and John Collison of the payments startup Stripe. In addition to discussing the MIT and Harvard dropouts' story the program also took a broader...

The Latest Creditworthiness Data Point: Mobile Battery Life

A common theme among FinTech startups is trying to find new ways of determining if a consumer is creditworthy or not. While many companies still incorporate tried and true FICO credit scores into their algorithms others have prided themselves on finding different tech-based indicators. In the past we've heard about startups looking at which internet browser an applicant is using, the time of day their filling out the form, and hundreds...

Could Mobile Banking Apps Begin to Charge?

There's no doubt that online banking and mobile apps have changed the way consumers manage their money. Not only can users now move money or make payments but can also deposit checks just by taking a photo on their phone, saving them a trip to the bank or the ATM. So with the convenience of these apps being fully understood, could banks begin charging for their services?According to a new study...