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Introducing Celent Model Bank 2017 Awards

Celent Banking

Payments Replatforming – for the most impressive project to improve payments back office, e.g. payment services hub implementation or cards replatforming. For the time being, only the nominees will know if they won any of these awards, as we begin working with them to distill their achievements into a series of case studies.

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Envel is the New Simple Bank (Fintech Startup of the Week)

Fintech Labs Insights

But, I think we have another strong contender with the latest challenger, Boston-based Envel. From the outside anyway, Envel looks to be a case study in leveraging partners’ technology to stitch together world-class features without building in house. It has the tech. It has the team. The company has publically announced $2.7M

Fintech 15
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Retailers and cashlessness (In more ways than one)

Tomorrow's Transactions

Naturally, as is the case for most forward-looking of retailers, they do not take cash, so I paid with one of the many cards about my person. Perry Kramer, vice president and practice lead at consultant Boston Retail Partners, contends that as many as four-fifths of (US, I presume) retailers are already “largely cashless”.

Retail 30
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Amex Sizzles, Big Banks Fizzle And Indian eCommerce Lives Up To Its Sizzling Hype

PYMNTS

Fall has arrived in Boston and we are sizzling. In what was a huge blow for the DOJ who brought the antitrust case to court on behalf of merchants, the 66-page decision said that consumers weren’t harmed and if merchants didn’t like taking American Express cards because the fees were too high, they could just not take them.

Retail 100
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Killing Strategy: The Disruption Of Management Consulting

CB Insights

Before Bruce Doolin Henderson opened the doors of Boston Consulting Group on July 1, 1963, the concept of “competition” barely existed in American business culture, let alone the concept of strategy. American Standard was a lighthouse case study for this process for BCG. There were great, successful companies.

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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

via Beta Boston. For millions of consumers accustomed to using credit and debit cards, the proposition of using a fingerprint hasn’t been all that appealing. “It’s hard to fight the credit-card companies,” says Gartner (IT) analyst Avivah Litan. ” via Boston Globe. via Boston Magazine.

Capital 78
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242 Startup Failure Post-Mortems

CB Insights

The single page farewell letter the company website has been reduced to says, “For the past 3 years, our mission here at Plastc was to build and deliver the most technically ambitious smart card on the planet. Title: Boston startup Besomebody, once featured on ‘Shark Tank,’ shuts down app. Product: Besomebody.

Company 78