Banking as a service is a concept that is still in its infancy. There are a few companies today offering different white label services for banks and even consumer brands to enable them to offer different banking services. BankMobile has put their stake in the ground here with their fascinating new partnership with T-Mobile. The […]
Today’s News
- MTA and Visa Launch NYC Contactless Transit SystemNew York City’s Metropolitan Transit Authority has partnered with Visa to launch a tap to pay system for subways and bus fares; the partnership plans to go live May 31 with select routes and will allow consumers to use their contactless credit card, debit card or mobile wallet to pay for rides; contactless cards are […]
- Facebook Set to Roll Out Own Cryptocurrency in 2020The BBC has a report out today that Facebook will be rolling out its own cryptocurrency, called GlobalCoin, in 2020; it will launch the new crypto-based payments system with trials in a dozen countries by the first quarter of 2020; news leaked out earlier this month on this initiative that is known as Project Libra […]
- OCC Singles Out Financial Innovation as an Emerging RiskIn their semi annual report published this week, the OCC singled out financial innovation and rapid developments in fintech as a special topic in emerging risks to the banking industry; at the same time the OCC cautioned against banks that take a wait-and-see approach to new technology warning it can result in a loss of […]
LATEST PODCASTS
Podcast 200: Luvleen Sidhu of BankMobile
Banking as a service is a concept that is still in its infancy. There are a few companies today offering different white label services for banks and even consumer brands to enable them to offer different banking services. BankMobile has put their stake in the ground here with their fascinating new partnership with T-Mobile. The […]
Podcast 199: Bernardo Martinez of Funding Circle USA
Small businesses across the country are still not getting all the capital they need. Many small business owners do not see banks as a viable funding alternative either from a time or ease of use perspective. So, they are turning to online lending platforms in record numbers. When it comes to longer term (three to […]
Podcast 198: Charlie Delingpole of ComplyAdvantage
A travesty of today’s financial system is how easy it is to launder money. Despite billions of dollars in expense and tens of thousands of people attacking this problem banks stop around 1% of money from financial crime. Incremental change is not going to help here, we need a new approach. Our next guest on […]