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Is Banking’s ‘Uber’ Moment Coming?

Bank Innovation

SAN JOSE, Calif.– This was one of the key questions debated by the fintech professionals attending Bank Innovation 2017, currently taking place here. – Has banking had its “Uber moment,” or is the industry still waiting? Since then, its reputation has had […].

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Chase Leans Strategy to ‘Buy’ from ‘Build’

Bank Innovation

SAN JOSE, Calif. – The “build or buy” scale is leaning increasingly towards “buy” at JPMorgan Chase, as fintechs become less concerned with disrupting traditional banks. That’s the upshot from Adam Carson, the bank’s head of digital partnerships, during a fireside chat at Bank Innovation 2017. “In

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MortgageTech Owns the Stage at Finovate Spring, Day 2

Bank Innovation

SAN JOSE, Calif. It makes sense that fintech startups are taking on mortgages, but the uptake has been slow — until today. — Getting a mortgage is a terrible experience. It is expensive and time-consuming, and a lot of work to gather documents and data.

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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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PayPal, Alpha JWC Team Up To Invest In Southeast Asia FinTechs

PYMNTS

PayPal is partnering with Alpha JWC , the Indonesian venture capital firm, to invest in FinTech companies operating out of Southeast Asia. After the two companies’ senior executives both in Singapore and San Jose choose the startups, they will receive coaching and mentoring from PayPal executives, noted Bloomberg while citing Tso.

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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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The Way to San Jose: FinovateSpring 2017 Begins This Week!

Fintech Labs Insights

Fintech’s favorite rite of spring is back! FinovateSpring returns to San Jose Wednesday and Thursday for two days of live demos of the latest innovations in financial technology. We’re looking forward to our return to sunny San Jose and hope you’ll be there to join us. See you at the show!