<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=142903126066768&amp;ev=PageView&amp;noscript=1">

Money20/20, Blockchain, Brett King, CFPB — Essential Fintech Reading: Oct 22-28

By Jon Ogden on Oct 28, 2016 3:14:41 PM

The CFPB Sides With Consumers on Data Aggregation

Continue Reading

US Banks Must Follow Europe's Lead and Improve API Standards

By Kenneth Dabkowski on Oct 26, 2016 11:10:26 AM

With the threat of a hard Brexit looming on the horizon, the European banking system is at a tipping point. For the casual American observer, the politics of closed border, closed systems and closed economies appear to have won.

But there’s more going on in European banking than meets the eye.

Continue Reading

Wells Fargo Considers New Performance Metrics, Venmo Grows Rapidly: Essential Fintech Reading Oct 15-21

By Jeff Meredith on Oct 21, 2016 4:58:08 PM

The Hardest Job In Banking? 

Emily Glazer of the Wall Street Journal writes that Mary Mack, the head of retail banking at Wells Fargo & Co., must change the sales culture of the firm. In the wake of a settlement with regulators Wells Fargo scrapped sales goals for retail bank employees but the bank has not abandoned cross-selling, efforts to sell multiple product to individual households.

Topics: fintech
Continue Reading

Balancing API Speed to Market with Data Security

By Jon Ogden on Oct 18, 2016 1:41:59 PM

Is your company working to develop or select a strong API (Application Program Interface) environment? If the answer is no, hustle quickly to remedy that problem. Over the past few weeks, MoneySummit has covered some of the benefits of re-orienting bank APIs towards Bank to Developer (B2D) and Banking as a Platform (BaaP) models. This week’s API focus: How can your company balance API speed to market with data security considerations?

Continue Reading

Fintech5 Podcast, Advanced AI, and Paribus — Essential Fintech Reading: October 8-14

By Jon Ogden on Oct 14, 2016 4:31:51 PM

Fintech5 by Sam Maule

Continue Reading

API Hub – A Vision for Banking as a Platform (BaaP)

By Kenneth Dabkowski on Oct 12, 2016 11:05:28 AM

For decades, banks have been located at the center of communities. Go to any town or city and most likely you will find a common space with a religious building, a government building, and a bank smack dab in the middle. The advent of the (Internet-connected) smartphone changed this organization and shifted the hub of community activities to wherever anyone happened to be online. Most banks responded to this shift by offering traditional products and services online, hoping that their offerings would generate revenue and preserve relevance as a central institution. However, as online competition grew, service fees and revenues eroded leaving banks in a difficult position on the periphery.

Continue Reading

Don't Reinvent the API: The Rise of B2D Banking

By Kenneth Dabkowski on Oct 10, 2016 10:18:29 AM

Continue Reading

Third Wave of Fintech, VCs, Mobile Banking — Essential Fintech Reading: Oct 1 - 7

By Jon Ogden on Oct 7, 2016 4:42:13 PM

Continue Reading

How To Make Solid ROI With Your API

By Kenneth Dabkowski on Oct 3, 2016 10:23:10 AM

In recent weeks, the banking chickens have come home to roost. The leaders of two of the world’s largest banks, Wells Fargo and Deutsche Bank, are staring deeply into the abyss – probably wondering how things got so far off course. The answers seem pretty clear. A lack of transparency, poor management, and complex fraud caused customer revolt, regulatory penalties, and massive stock devaluations.

Continue Reading

Wells Fargo Scandal Invites Greater Scrutiny Of Big Banks: Essential Fintech Reading Sept 24-30

By Jeff Meredith on Sep 30, 2016 4:56:45 PM

Wells Fargo Scandal Means Renewed Scrutiny Of Big Banks

Lucinda Shen of Fortune writes that the Wells Fargo scandal "could again force regulators to take a deeper look at bank culture. Banks have been increasingly pressured to widen profit margins despite low interest rates and heavier regulation since the financial crisis ... Advocacy groups have also noted aggressive sales tactics, similar to those that led Wells employees to create fake accounts" at other financial institutions.

Continue Reading
New Call-to-action
New Call-to-action