article thumbnail

Dave posts first quarterly profit since 2016 inception

BankInovation

For the first time since it was founded in 2016, digital bank Dave posted a profitable quarter. The $391 million company’s growth is due to continued investment in advanced technology […]

article thumbnail

Top 10 Fintech Headlines of 2016

Bank Innovation

If nothing else, 2016 was a year of change—nowhere more than in fintech, where developments in blockchain, payments, artificial intelligence, financial regulations, chatbots, and mobile rippled across the space to do what fintech does best—disrupt. With that in mind, let’s take a look back at our top ten fintech headlines Read More.

Fintech 321
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Chase Spent $600 Million on Fintech Deals in 2016 [Video]

Bank Innovation

billion technology spend in 2016 went to fintech solutions, and given the company’s 2016 results, it seems like money well spent. According to the company’s Annual Report 2016, released today, the bank’s spend on fintech included improving its mobile and digital services. $600 million of JP Morgan Chase’s $9.5

Fintech 252
article thumbnail

10 Most Innovative CEOs in Banking 2016

Bank Innovation

2016 has been a year of many things. No, really, just look at this list of most trending Twitter topics of the year (spoiler: elections, Brexit and PokemonGo all made the list). But the memories are still fresh of, possibly, the most meaningful event in the fintech world: the Comptroller Read More.

article thumbnail

Citi Mobile App Downloads Doubled in 2016

Bank Innovation

The bank’s mobile app userbase soared in 2016, Bank Innovation has learned. million downloads in 2016,” she […]. Citi Group also wants to join the ranks of the “e-banks” of U.S.

Mobile 285
article thumbnail

Top 10 Blockchain Headlines of 2016

Bank Innovation

Blockchain—possibly the buzziest of buzzwords in 2016. The world saw the rise of new enterprise blockchains, how the technology might be used to transport gold, to safely move perishable items like pork through a supply chain, and most importantly for those of us in the fintech trenches, we saw banks, Read More.

article thumbnail

Blockchain VC Investment Nears $500M in 2016

Bank Innovation

Blockchain VC investment plateaued last year, nearing $500 million at yearend 2016 — only a 1% improvement, compared to 2015, according to State of Blockchain 2017 report published by Coindesk today. As the buzz around blockchain fades, so does the venture capital investment in the sector.