Charles Schwab’s decision to cut trading fees to zero on October 1st is paying off with the wealth manager surpassing...
According to a new report by Juniper Research the number of digital banking users could surpass 3.6 billion by 2024;...
The current crisis has brought all sorts of challenges that banks and businesses of all stripes never thought they would...
Writing in TechCrunch, Tally CEO Jason Brown talks about the key to competing against the banks as they try to...
The head of the UN economic agency says that central banks in Africa are failing to understand the power of banking innovation; less than a third of people in sub-Saharan Africa have access to the financial system; certain countries like Kenya have seen wide adoption of services like mobile money, but then crossing into Nigeria the same service can be used by 1 percent of people; Telcos have really taken the lead on the continent to help bring access, but central banks are still regulating banks through the lens of traditional banks; regulators are starting to learn and enthusiasm for new ideas is increasing. Source.
Banks and fintechs can make perfect partners. There are three keys to making these partnerships a success.
First Internet Bancorp is about to complete their acquisition of First Colorado National Bank’s small business lending division; this deal...
Florida based Axiom Bank launched a new all digital account targeted at the unbanked; Axiom partnered with fintech company Malauzai to help design and launch their mobile app; "For many in our community, AxiomGo provides the first tangible banking experience that not only eliminates expensive fees, but also enables them to perform any banking transaction needed at any time of day,” says Ron Strand-Sorrell, the bank's chief operating officer, in a release reported by American Banker. Source.
While Synapse collapse is in the news a lot right now, this is a reminder that not all fintech is created equal. Let's not forget that there are many fantastic innovations that have come out of the rise of fintech.
A new survey by credit card specialist Fraedom shows that 80 percent of banks believe challengers have impacted their business...