The White House ❤ FinTech
Another day, another member of the FinTechnorati visiting the White House. Wait, what? That’s right, for the past several months, the White House has been inviting FinTech “names” from across the...
View ArticleA Tidal Wave of Payments Fraud Wells Up
The financial services industry is racing toward faster payments, driven, we’re told, by consumer demand. But consumers are not likely to be aware of the resources banks need to devote to fighting...
View ArticleDwolla Unveils White Label Offering
Dwolla today introduced a white label service that allows financial institutions to use its FiSync “pipe” for its own faster payments service. Dwolla is also white-labeling an ACH application. The...
View ArticleDwolla Is ‘Happy to Be the Pipes’ of the Payment System
Not so long ago bankers feared that fintech insurgents like Dwolla wanted to turn FIs into “dumb pipes” moving money around while the fintechs would own the customer experience. Payments platform...
View ArticleDwolla Launches Updated API for ACH Transactions
It’s now easier and faster than ever to hook into the ubiquitous Automated Clearing House network, thanks to Dwolla. With the new version of its bank transfer API, released yesterday, Dwolla may not be...
View ArticleCoolest Brands 2016: BBVA‘Innovate or Die’
BBVA has a lot more going on than Simple, cool as that acquisition was. In Jan. 2015, CEO Francisco Gonzalez said, “Some bankers and analysts think that Google, Facebook, Amazon or the like will not...
View ArticleDwolla Defends Security Practices in the Face of CFPB Fine
Dwolla, the payments startup, said that it “has never been the company’s intent to mislead anyone,” after the Consumer Financial Protection Bureau slapped it with a fine for its data security. Dwolla...
View ArticleCan a Mobile Lending App Save Millennial Credit Ratings?
Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California. It will reach Texas, Florida and New York in the...
View Article5 Best New Financial Apps 2016
We can all agree Credit Karma, Chase Mobile, Bank of America, Wells Fargo, and PayPal aren’t leaving the Top Ten on App Annie anytime soon. But ratings and rankings aren’t everything — there’s also the...
View ArticleDwolla CEO: Faster Payments Offer ‘Substantial New Market Opportunities’
It looks like this faster payments thing is going to happen after all. When the Federal Reserve floated the idea of faster payments in the U.S. in 2013, it seemed like a distant dream, The Fed itself...
View ArticleBreaking Banks: Fintech Inside Banks (Warning: May Include Bitcoin)
It’s double your pleasure, double your fun with Breaking Banks today! We have last week’s show on digital currencies and their possibilities, which includes interviews with Ben Milne of Dwolla, Simon...
View ArticleFintech Companies Prepare for Same-Day ACH
On Sept. 23 a major milestone in the journey toward faster payments will be reached: New rules will go into effect that will enable the same-day processing of ACH payments. Vendors are working to make...
View ArticleHow Will Same-Day ACH Affect Banking?
Slowly but surely, the waits are disappearing in banking. Mobile banking means you don’t have to wait on line at a branch (not that there would be a line these days if you went there). Accounts can be...
View ArticleDwolla to Exit Consumer Space, Focus on API Offerings
Dwolla, one of the elder statesmen of the fintech startup world, announced today it will leave the consumer space and focus on its offerings for businesses. The change will take place soon — Dec. 7. As...
View ArticleShould Fintech Startups Seek Success Lower in the Stack?
Payments company Dwolla recently surprised much of the fintech world by announcing it was stepping back from the consumer business to focus on its B2B, API-based model. Or maybe it wasn’t so...
View ArticleTop 4 Fintech Funding Rounds: MissFresh e-commerce, Collibra, Dwolla, Habito
Fintech got a fresh flush of capital this week, with some old favorites joining newer names all with innovations in big data, e-commerce software, compliance, and many more. Here are the Top 4 fintech...
View ArticleDwolla Rebrands Suite of ACH Payment Tools as ‘Transfer’
Dwolla was always a strange name. The word — a contraction of ‘web’ and ‘dollar’ dreamed up by founder Ben Milne with the aid of a six-pack — is something of a cherished fintech institution, if little...
View ArticlePlaid and Dwolla Give a Boost to ACH in the Payments Wars
There’s a war on in payments — the card networks (and their fees) vs. everyone else. In the U.S., payments innovation tends to center around cards. Uber, Square Cash, even, lately, PayPal are...
View ArticleWho’s Who in Alternative Banking Solutions, Page 3
4. N26 If you’re a Bank Innovation-regular, than you know that N26 has been on our watchlist for some time. After receiving its banking license this year, the Berlin-based neobank kept up the momentum...
View ArticleWill Realtime Payments Push U.S. Banks Into an Open Banking Ecosystem?
Preparing for realtime payments has pushed U.S. banks to engage with APIs and open banking at a fundamental level. Look no further than core service providers such as Fiserv or Finastra, which are...
View ArticleFintech Unfiltered: Blame Market Complexity for Slow Adoption of Realtime...
Realtime payments (RTP) is great for the consumer, but what about for the banks? Will realtime payments lead banks to lost revenue on transfer fees or fines from bounced checks? That is likely. But...
View ArticleSupport for Realtime Payments Increases Among Banks
PREMIUM – More U.S. banks are awaking to the idea that supporting realtime payments (RTP) could add value not just to their customers, but to their revenues. A new report titled “2018 Global Payments...
View ArticleRealtime Payments Top Wish List of Banking Innovators
Realtime payments are at the top of the innovation wish list for most banking professionals. According to a survey from TD Bank, released today, 42% of payment professionals cited integration of...
View ArticleLenmo, the Venmo for Lenders, Set to Launch for IOS
Whether it’s a consumer lender like Goldman Sachs’s Marcus or a point-of-sale lender like Affirm or even SMB lenders like BlueVine, there is great perceived opportunity in the lending market. Add a P2P...
View ArticleIBM makes progress validating fintechs for its banking clients, CTO says
LONDON -- IBM now has more than 60 startups in its Catalogue offerings that allow for modular inclusion of additional software products. Tom Eck, Global Chief Technology Officer of Industry Platforms...
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