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Banking on a Winner: Fostering innovation to compete in today’s financial environment

ZootBlog

They are not trying to fulfill all of their customers’ financial needs, rather providing an alternative to the traditional brick-and-mortar bank through features like mobile deposits and P2P payments. Neobanks are turning users into fans by being nimble, but their very existence often depends on partnering with traditional banks.

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FinovateSpring 2016 Live Blog – Day 2

William Mills

Demo: Sezzle app with knowledge based authentication to link bank accounts. Demo: In Instagram – Example dude sees an ad for sunglasses from a bank called Genius. Adds in Social security. Then confirm identity with knowledge based authentication. Plus the 1% rewards. ^KT. Then Picture of ID.

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