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Investing, Authentication, and a Few Bots Take the Stage at Finovate

Bank Innovation

SAN JOSE, Calif. Not all were startups (IBM) and not all were really fintech (Quid). All of them did their best to impress a passionate crowd of 1,500+ fintech fanatics. — Thirty-nine companies demoed their products to the crowd at Finovate Spring today. Here’s our take on the demos from Read More.

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Fiserv Ratchets Up R&D Spend, CEO Says

Bank Innovation

SAN JOSE, Calif. — Fiserv has increased its research-and-development spending to 7% of revenue this year, up from 5% last year, CEO Jeff Yabuki said at the Bank Innovation 2017 conference here on Monday. In 2016, Fiserv recorded $5.5 billion in revenue — which means somewhere around $385 million flowing into tech.

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Investments, Financial Management, and Even Some Virtual Reality: Finovate Day 2

Bank Innovation

SAN JOSE, Calif. – Day 2 of Finovate saw a seeming parade of wealth management and investment solutions, but the final one included a new twist — virtual reality. Was it a bit frivolous? Was the use case far-fetched, strained, even bizarre? Could be, but the audience appreciated it anyway simply Read More.

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How to Offset an Evaporating Data Center

Gonzobanker

Numerous applications, including card processing, online banking and bill pay, are overwhelmingly being outsourced. Industry-specific tech talent is consolidating and migrating to programmer and megabank community hotspots in San Jose, Seattle, San Francisco, Boston, Raleigh, Charlotte, Atlanta and Phoenix.

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FinovateSpring 2016 Live Blog – Day 1

William Mills

One use case is to use a bot, via text messaging, to help customers when they have potential credit card fraud. There is a growing focus on customer experience and related compliance issues. Card-linked offers generated a lot of excitement a few years ago. Link your card to website or app, select the offer.

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Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Labs Insights

Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 Seven weeks into the new year, fintech companies have raised $4.7 Here are the fintech deals by size from 20 Feb to 26 Feb 2016: LoanZen. million debt).

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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

It was a blockbuster week in fintech with more than $6 billion in new funds flowing to the sector. Gift cards backed with public company equity. HQ: San Jose, California. Fingerprint-authenticated payment card. Bitcoin compliance solutions. Card rewards management. The vast majority, $5.9 Scorechain.