2019 was a banner year for mobile banking with finance apps accessed more than one trillion times and registrations growing...
According to TechCrunch, scammers are using Zelle to take advantage of customers; a seller of a product who is attempting to defraud customers will ask a customer to pay using Zelle instead of PayPal; many users are not aware that Zelle does not provide some of the same buyer protections that PayPal has been known for; Zelle is more similar to Venmo for transferring money to those you trust. Source
In their first quarter earnings call yesterday PayPal revealed the scale of Venmo for the first time; in the past...
The discussion at American Banker’s annual Digital Banking Conference in Austin last week revolved around new technologies like AI and...
Let’s look at the recent Fortnite blackout and compare it to neobank Chime's embarassing down time, as well as explore the business model implication of what it means to be the social square where people hang out. Does Finance have such an equivalent? Maybe it is Venmo, crypto Twitter, or the credit unions. We also look at statistics behind influencer marketing, and how influencers have usurped the position of music labels. Perhaps banks should get ahead of this game too.
A new survey by Promotory Interfinancial Network of 543 senior bank executives showed that their number one fear is the...
Welcome back to the Fintech Blueprint / Rebank podcast series hosted by Will Beeson and Lex Sokolin. Max Friedrich is a fintech analyst a ARK Invest, a public markets investment manager focused on disruptive technologies including autonomous tech, robotics, fintech, genomics and next generation internet. Max recently published a report on digital wallets, including Venmo and Square’s Cash App, which is available for download on ARK’s website. In this conversation, we explain why Cash App has seen exponential growth.
While there have been many false starts, the market for P2P payments is finally taking off in this country; two-thirds of...
Venmo users have started to use the payments app to show their appreciation to sports stars or celebrities; in most...
Venmo is getting ready to seal a deal with Synchrony Financial to offer a credit card in a bid to...