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The latest Online Banking Report: 2011 to 2020 Online & Mobile Banking Forecast is now available. It was mailed over the weekend to all OBR subscribers. It’s also available online here. There’s no charge for current subscribers; others may download it immediately for US$495. The report includes our latest 10-year online & mobile banking and Read more…
To see Finovate news updates in real-time, follow our feed on Twitter. Backbase explores mobile banking in its fall webinar series. http://bit.ly/finovate1293 BlazeMobile creates smart payments sticker.http://bit.ly/finovate12133 BrightScope releases top 30 retirement plans. http://bit.ly/finovate12143 Capital Access special report on “Black Friday” and small business sales data. http://bit.ly/finovate1282 SunTrust has added the “Transfer Now” product suite from Read more…
Thank-you to all FIS clients that attended my What’s new in mobile/online banking presentation in Orlando or Milwaukee. I had a blast and I greatly appreciate your attentiveness as I tried to explain the innovations from the following 40+ companies. Feel free to email me if you have any questions. As promised, here are the links Read more…
During 2008, we tracked more than a dozen new PFM launches. But it’s been quiet since then. The last major launch was Thrive (now part of Lending Tree) at Finovate 2008. However, with Mint exiting with a $100+ million gain late last year, the space is bound to heat up again. It’s not like there Read more…
The ink’s barely dry on the news that ING Group will divest its U.S. bank, ING Direct, within the next 48 months (note 1), when someone else has already launched a direct bank with a distinctive orange theme (note 2): The new brand: Incredible Bank from River Valley Bank, an 18-branch, $900 million (assets) bank Read more…
Checking account profits are being attacked on several fronts. Near-zero short-term interest rates have destroyed the profitability of the balances. Regulators and activists are putting pressure on penalty fees. And consumers are loath to pay monthly charges for what’s been positioned as a free service for so long. So how is it that Fifth Third Read more…
Day two of the Mobile Commerce Summit ran just for the morning (see Day 1 highlights), but anyone who overslept missed the highlight of the conference: the much-too-short panel discussion on revenue opportunities that started at 8:15 AM and ended at 9:00 (note 1). Panel: Mobile revenue opportunities Drew Sievers, founder & CEO, mFoundry Joe Read more…
About 100+ folks gathered in the brand new M Resort near Las Vegas for the third annual Mobile Commerce Summit by SourceMedia. Jeff Dennes from USAA and Jim Simpson from City Bank of Texas, both provided an extraordinary amount of metrics on their mobile rollouts (details below). The biggest innovation of the day was iPhone-enabled Read more…
I’ve gradually come around to Twitter as both a communications and research tool. A year ago it could have been dismissed as a niche platform for a few hundred thousand hyper-social geeks. But now that adoption has tipped, with 14 million users last month (see chart), the power of the network is opening up new Read more…
In a completely unscientific poll of 123 LinkedIn users I conducted about two hours ago, I found they overwhelmingly prefer the online channel over all others when accessing bank transaction data (see notes 1, 2, 3). I was expecting mobile to be higher. But unless you have a new-generation smartphone and your financial institution supports Read more…
Last May, Trusteer launched an optional added security measure for customers of ING Direct in the United States (note 1, see previous post). Although, it’s not perfect, users of the Rapport service are less vulnerable to viruses and malware running on the their PCs. We gave the new service an OBR Best of the Web Read more…
MoBank, the U.K.-based mobile banking and payments said to be launching this month, is creating some buzz on the other side of the Atlantic (stories here, here, and here). Given the pedigree of its two founders, Steve Townsend and Dominic Keen, who blazed many online banking trails at Egg and First Direct, it should provide Read more…