Fintech Labs Insights
DECEMBER 2, 2019
Metrics: In Q3, @bankmobile (digital unit of @CustomersBank ) books small profit ($900k pre-tax) despite $4M fraud loss + $1M legal bill. Wells Fargo’s Greenhouse has UX issues to overcome ahead of national rollout. UX Tips: U.S. BankMobile posted its first profitable quarter in the period ending Sep 30, 2019.
Gonzobanker
DECEMBER 19, 2022
In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy. FIS wins Valley National with IBS platform. MANTL presents a best-in-class client experience of how to open retail and business accounts in a friendly UX and management console.
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Tomorrow's Transactions
AUGUST 24, 2016
Some issuers preferred chip and signature because it has higher interchange, not because US consumers are morons who uniquely amongst the nations of the Earth cannot remember a four digit personal identification number (PIN) that they use several times every day. From The Great EMV Fake-Out: No Chip For You! Krebs on Security.
Gonzobanker
DECEMBER 20, 2019
Even with worries around an allegedly discriminatory algorithm, Silicon Valley UX met big bank Wall Street money in slick onboarding that has our attention. Niche Payments Acquisition Award – Goes to City National Bank for its acquisition of FilmTrak. The NextGen Analytics Award Delivered Today – Goes to Incorta. It’s game on.
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