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I’m glad I stayed until the end of Money2020. Some time after 5pm on day four (9 Oct 2013) of the biggest financial tradeshow since BAI Retail Delivery in Nov 2000 (see note 1), Josh Reich introduced two members of team Simple, Tom Wanielista and Collin Ruffenach. The duo proceeded to send each other the Read more…
FinovateFall 2013 is right around the corner. That means it’s time to start getting to know the entrepreneurs and innovators that will be presenting their technologies on stage in New York City in September. Remember, the early bird deadline is this Friday, August 2nd. So to reserve your spot and register now. ________________________________________ Akimbo Financial offers a social bank account Read more…
I’ve written thousands and thousands of words about personal finance management (PFM) including seven deep dives in our Online Banking Report (see note 1) and 130 131 blog posts. However, I’ve never articulated the behavioral aspects as well as NY Times software developer Andre Behrens who pens the occasional post at NYTimes.com. In his Tuesday Read more…
As you probably already know, last week Google launched P2P payments via Gmail (and through the Google Wallet mobile/online interface). Once authenticated, users simply “attach” funds to an email message (see inset). Bank transfers (e.g., ACH) are free while card-based payments will cost senders 2.9% of the amount, with a $0.30 minimum. However, all transactions Read more…
The smartphone has already changed the way we work, communicate, find information, and behave. But it’s had a limited role so far in bank-account opening (note 1). But leave it to USAA, the pioneering bank for all things mobile (note 2) to lead the way again. First reported this week in American Banker, USAA is Read more…
KeyBank is launching a new online banking and mobile service called myControl Banking. The mobile app became available today in iTunes (link). The service is centered around myMoney Forecast, a real-time balance forecast shown at the top of the screen (see inset below). It’s a vital PFM function that looks a lot like Simple’s Safe-to-Spend. Read more…
While personal financial management (PFM) may be THE most important feature of online/mobile banking going forward, it’s time to stop thinking of it as "product." PFM is part of every thing you do when communicating account info to customers. The paper statement is a PFM tool. The call center offers PFM. Even the branch helps Read more…
Note: Since I didn’t get my Feature Friday post finished last week, it’s now been transformed into Mobile Monday. ————————————- While most banks still have a single mobile app, the big players will eventually have a portfolio of apps for their various product lines, business units, and disparate customer segments (note 1). While technically not Read more…
Netbanker features PayNearMe’s mobile app. Fanlala and Virtual Piggy ink deal to provide secure online payments for U- 18 users. Come see Virtual Piggy at FinovateSpring next week. Finextra reports United Bankers’ Bank implements Aptys’ data archiving system. Hidden Levers is now easier to use with client portfolios thanks to TD’s open API initiative. SoMoLend explains Read more…
Yesterday, we looked at several financial institutions using Black Friday/Cyber Monday to promote banking products (see note 1). But it’s also a great time to focus on community outreach and charitable pursuits, a tack taken by Bank of America (note 2). The bank is supporting Feeding America, which leverages a small amount of cash into Read more…
I look at lot of mobile banking apps. But there are several thousand in the U.S. alone, so I’m not going to claim that I know which one is “best” or even who should be in the top-100. But I will say, of the mobile banking apps I’m familiar with, ANZ Bank’s is right up at Read more…
We were lucky enough to take a quick trip to Europe this summer and one of the many rituals of modern travel is convincing your card issuers not to block international transactions. The conventional wisdom is to notify issuers in advance. While not an absolute necessity, it is said to improve your odds. The process Read more…