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How Fintech Can Disrupt the $14T Mortgage Market

By Barbara A. Friedberg for Investopedia

Fintech, which has already disrupted the payments, banking and financial advisory markets, is beginning to enter the $14 trillion mortgage market. Given the growing popularity of digital financial solutions, there appears to be a demand for electronic mortgage solutions among home buyers and sellers alike. (more…)

Banks, Fintech news, Global trends, p2p/online lending

January 20, 2017

Rabobank readies for real-time payments

By Finextra

Rabobank is preparing for the advent of European real-time payments with the implementation of a new payments hub from ACI Worldwide. (more…)

Banks, Fintech news, Payment processors/providers/gateways

January 20, 2017

Myanmar’s CB Bank to double size of ATM network

By Finextra

Co-Operative Bank Limited (CB Bank) in Myanmar has awarded Diebold Nixdorf an extensive contract for systems, software and services to expand its self-service cash offerings beyond the country’s main commercial hub Yangon.  (more…)

Banks, Fintech news, Myanmar, Security

January 20, 2017

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Bank of Korea: FinTech Companies Will Reshape Financial Industry

By CryptoCoins News

Non-financial technology companies with a growing expertise in FinTech (financial technology) will play a bigger role in shaping South Korea’s financial industry, according to the country’s central bank. (more…)

Banks, Blockchain, Fintech news, Government activities, Korea

January 20, 2017

Finovate Debuts: Helping Banks Turn Data into Insights with Liferay DXP

By David Penn for Finovate

There are few challenges greater for FI than turning massive amounts of customer data into valuable insights on how to serve those customers better. “Everybody today seems to be focused on customer experience, and giving your customers whatever they want. But what is it that you are you getting from your customers?” Liferay Sr. Customer Experience Manager Henry Nakamura asked from the Finovate stage in September. “I bet you’re pretty overwhelmed by the amount of data that you have, and possibly pretty underwhelmed by the results. Where’s the payoff?” (more…)

AI / Machine Learning / Big Data, Banks, Fintech news

January 20, 2017

BMO Harris Bank goes all in on mobile payments

By Finextra

BMO Harris Bank today announced the release of BMO Harris Bank Masterpass, Android Pay and Samsung Pay digital wallets for select BMO Harris Bank credit and debit cards.  (more…)

Banks, eWallets, Fintech news, Mobile payments/banking

January 20, 2017

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Banks can counter fintech-friendly EU rules by embracing third party innovators

By Kirsty Tull for PaymentsSource

As we move toward the mandated adoption date for the Payment Services Directive 2 (PSD2), we can expect to see significant shifts within the payments industry.

(more…)

Banks, Fintech news, Government activities, Payment processors/providers/gateways

January 18, 2017

Blockchain could save investment banks up to US$12b a year: Accenture

By The Business Times

Blockchain technology could help the world’s largest investment banks cut their infrastructure costs by between US$8 to US$12 billion a year by 2025, according to a report by Accenture. (more…)

Banks, Blockchain, Fintech news, Marketing Report

January 18, 2017

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Internet-of-Things Poised to Disrupt Banking and Insurance

By

The Internet-of-Things (IoT) is set to be one of the biggest technological transformations on the horizon, promising to radically change the way we live and how we conduct business. (more…)

Analytics, Banks, Global trends, Insurance, Marketing Report

January 18, 2017

WEX, OnDeck Double-Team Against SME Funding Gaps

The alternative finance industry may have emerged as competition to the banks, but today, it’s commonplace for traditional FIs to partner with alt-lenders. That partnership trend appears to be permeating other areas of SME financial services, with the latest tie-up to be between OnDeck Capital and WEX. (more…)

Banks, Fintech news, p2p/online lending, SME

January 18, 2017

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Relationship of Indian Banks and FinTech Startups Strengthening in 2017

By LTP

The digital revolution currently underway in financial services –colloquially called FinTech – has raised some questions on the nimbleness and relevance of the banking fraternity in India. There have been apprehensions about banks being able to create faster, cheaper and better services to become an omnipresent part of their customer’s daily lives. (more…)

About, Banks, Fintech news, India

January 18, 2017

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Could Fintech Be in a Bubble?

By Amy Bell For Investopedia

While skeptics claim the fintech bubble will soon burst, many experts believe this innovative sector will keep on booming. Fintech, short for financial technology, became a major buzzword in 2015. That’s when a herd of fintech startups emerged and pronounced they would disrupt the financial industry – from established banks to payment firms. In 2015 financing for fintech startups surpassed $20 billion, a 66% increase over 2014. (more…)

Analytics, Banks, Deals, Fintech news, Global trends, p2p/online lending

January 18, 2017

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Banking Future is in Digital Channels and UX Strategy, Not in Marketing

By Albert Pumpur for Finextra

2016 has just ended and 2017 has started. For most of the companies that means new strategic plans for possibility to grow in future. Banking industry is no exception. New year, new me or even better me applies for them too. Inside board meeting rooms C-level executives set new KPI’s and plan improvement on existing ones. Mid-level executives have to obey these plans.  Executives must be happy to get that yearly bonus. (more…)

Banks, Fintech news, Global trends, Mobile payments/banking

January 17, 2017

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CashLess Payments to Drive LessCash Payments

By Vinod Sharma Finextra

Abstract – Essentially, digital cash mimics the functionality of paper cash. The elimination of physical cash from economy is feasible is purely a technological perspective or assumption. Our hard earned money and investments disappear into a labyrinth of financial instruments so mysterious that “money” almost becomes more of an idea than a tangible reality. (more…)

Banks, Cashless, Fintech news, Mobile payments/banking, p2p-payments

January 17, 2017

Wells Fargo Digital Lab offers a front-row seat to the future of banking

By Finextra

Wells Fargo has has moved its Digital Labs team into a new 17000 square foot facility in San Francisco to provide a bigger stage to showcase the bank’s emerging technologies. (more…)

Accelerators/Incubators/Labs, Banks, Fintech news

January 17, 2017

Kasisto continues chatbot momentum with $9.2 million funding

By Penny Corpsman for Payments Source
Kasisto, a provider of chatbots to banks, announced Thursday a $9.2 million Series A funding round led by Propel Venture Partners with participation from Mastercard and Commerce Ventures.

(more…)

Banks, Bots, Deals, Fintech news

January 17, 2017

Swift considers blockchain test for foreign account reconciliation

By David Heun for PaymentsSource

The Society for Worldwide Financial Telecommunication is exploring the potential of distributed ledger technology for banks to provide real-time reconciliation of their databases for accounts they hold in other banks in a foreign currency.

(more…)

Banks, Blockchain, Fintech news

January 16, 2017

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Banks face big profit loss to digitisation – McKinsey

By Finextra

European banks stand to lose half their profits from digital disruption trends shaking the banking industry, according to a report from McKinsey. (more…)

Analytics, Banks, Fintech news, Global trends, Marketing Report

January 16, 2017

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Innovation under the hood will rev the engines of a fintech revolution

By  for TechCrunch

When the internet was first created in the 1970’s and 1980’s with the introduction of the ARPANET its early years were focused on the development of infrastructure and protocol — beyond the knowledge and far away from the consciousnesses of the general public. (more…)

Analytics, Banks, Cryptocurrencies, Fintech news, Global trends, Insurance, p2p-payments, PFM/PFP services

January 15, 2017

The Sources of Increasing Risks for Financial Institutions in 2017

By Elena Mesropyan for LTP

The traditional banking sector has witnessed considerable changes in the market environment, technology trends and customer expectations, leading to the necessity to respond to those changes. Regardless, a year ahead still holds certain risks federal financial institutions will face and develop an appropriate response to. (more…)

Banks, Fintech news, Global trends, Government activities, Marketing Report

January 15, 2017

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Innovate or die: Top tech trends in banking

By  for TheNextWeb

Whether it’s social unrest or an economic downturn, it’s easy to blame banks when things go wrong. But banks have developed and survived over the course of thousands of years – the earliest bank prototypes were in Assyria around 2000 BC – because we need them for both our commercial and individual needs. (more…)

Banks, Blockchain, Bots, Fintech news, p2p-payments

January 14, 2017

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Is Alternative Lending a Perishable FinTech Segment?

By Elena Mesropyan for LTP

Despite competitive propositions and momentary advantages that alternative lenders may have over incumbents, it is likely that banks will eventually drive this particular FinTech segment out of business. That moment, however, will come after a brief time of mutually beneficial collaborative work that we will witness in the years ahead. (more…)

Analytics, Banks, Fintech news, p2p/online lending

January 14, 2017

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Fintech Trending: Blockchain Building Blocks for 2017

By David Penn for Finovate

What blockchain trends from 2016 are worth watching for follow-through in 2017? Here are five blockchain players to keep an eye on as the new year begins.

(more…)

Banks, Blockchain, Fintech news, Payment systems

January 13, 2017

HSBC to stir up local rivalry with launch of P2P payments app in Hong Kong

By Finextra

HSBC is to launch a P2P mobile payment app in Hong Kong in early 2017, taking on established market operator Jetco. (more…)

Banks, Cashless, Fintech news, Hong Kong, p2p-payments

January 13, 2017

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Deloitte to open Wall Street blockchain lab

By Finextra

Deloitte is opening a blockchain lab on New York’s financial district, in what it bills a ‘make or break’ year for the nascent technology. (more…)

Accelerators/Incubators/Labs, Banks, Blockchain, Fintech news

January 13, 2017

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Banks will suffer for using consumer platforms for small biz bill pay

By Sanjeev Kriplani for PaymentsSource

For banks that serve small and medium-sized businesses, the opportunity is especially great. But to realize it, banks must deploy easy to use, SMB-specific, mobile-friendly business banking experiences – an undertaking that’s not as simple as it may seem.

(more…)

Analytics, Banks, Mobile payments/banking, SME

January 13, 2017

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YES Bank introduces chat bot for instant loan offering

By Finextra

India’s YES Bank has partnered with Silicon valley-based Gupshup to develop a banking chat bot for its loan product. (more…)

Banks, Bots, Fintech news, India, Mobile payments/banking

January 13, 2017

Fintech in India: 4 reasons UPI makes transactions more secure and convenient

By Rohit Taneja for e27

One technology that has emerged of late goes by the name of Unified Payments Interface or UPI. It has become pretty popular recently in the news in India, although most consumers have not been able to experience the revolution and the magic moment that comes along when paying through UPI. (more…)

About, Banks, Fintech news, Mobile payments/banking, Payment processors/providers/gateways

January 12, 2017

Customers wait in line for an ATM outside of a Wells Fargo & Co. bank branch in Los Angeles, California, U.S., on Tuesday, July 7, 2015. Wells Fargo & Co. is scheduled to report quarterly earnings on July 14. Photographer: Patrick T. Fallon/Bloomberg via Getty Images

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Wells Fargo Plans to Make All Its ATMs Card-Free

By Feliz Solomon for Fortune

Wells Fargo is planning to roll out a new mobile transaction plan, and if all goes according to plan, starting this spring customers won’t even need their debit cards for ATM withdrawals. (more…)

Banks, Credit/Debit/Prepaid cards, Fintech news

January 11, 2017

Retail Bank Partners IBM for First Case of Blockchain Deployment in China

By Samburaj Das for CryptocoinsNews

The Postal Savings Bank of China (PSBC) has announced the launch of its blockchain-based asset custody system, in partnership with IBM, today. IBM claims this to be the first case of blockchain technology to asset custody in China. (more…)

Banks, Blockchain, China, Fintech news

January 11, 2017