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One of the lasting benefits of the Internet is it’s ability to quickly rally resources. The latest proof point: raising funds for Haitian earthquake relief. The big Internet companies, such as Amazon, Google, Bing, Craigslist and PayPal, post links almost immediately to provide site visitors with a trusted path to donate funds (see screenshots below). Read more…
While the SmartMoney example below is simple and inexpensive, it won’t win any marketing awards or new customers. Virgin Money USA, on the other hand, could do both with its clever Thanksgiving email (sent the Friday before) to registered users (see below). The message from Virgin has a dual purpose: Holiday well wishes if you Read more…
Several banks, including PNC in the bubble days and WaMu through eBay in early 2004, have tried auctioning certificates of deposit (see Online Banking #104). Those first attempts were aimed at retail depositors, an unlikely audience for a several reasons. First, the demographics of retail CD buyers is decidedly older and they tend to be fiscally conservative, not the right Read more…
In Sept. 2004, TRM Corp. borrowed $150 million from a Bank of America syndicate and bought 17,200 ATMs from eFunds Corp. The deal made TRM, which already had 4,300 ATMs, one of the world’s biggest operators of ATMs in retail locations. Today, after many stumbles, the main question on the minds of most observers is Read more…
International challenger bank Revolut is pushing further into the business-to-business space this year. The company just announced the pending launch of Revolut Terminal, an advanced Point of Sale (POS) device designed for larger businesses across the U.K. and Ireland. The new payment terminal, which is wireless and claims 99.9% uptime, is geared toward helping businesses Read more…
This morning CrowdStrike CEO George Kurtz reported that 97% of the Windows sensors knocked out during CrowdStrike’s botched software update a little over a week ago are back online. That’s great news for those companies still reeling from one of the biggest IT outages in history. When it comes to cybersecurity companies, CrowdStrike is widely Read more…
The week begins as banks, fintechs, and financial services companies alike work to recover from Friday’s historic IT outage. Be sure to check back throughout the week as we continue to track the latest in fintech news and announcements. Cybersecurity BBVA inks agreement with Telefónica Tech; opens international cybersecurity center in Mexico. Galileo Financial Technologies Read more…
FinovateFall 2024 takes place in New York over September 9, 10 and 11. Register to attend by Friday, June 14 and save up to $1,000. Fintech headlines frequently focus on funding and valuations, but that’s only part of the story. Behind every highly-valued company are connections and relationships on which that value is based. FinovateFall’s diverse Read more…
The U.S. House of Representatives wanted it. The Senate wanted it. Much, if not all, of the cryptocurrency industry wanted it. But on Friday, President Biden made good on his threat to veto a resolution that sought to loosen regulations regarding how financial institutions hold digital assets on their balance sheets. “My administration will not Read more…
Finovate’s Credit Union Spotlight is back! This month at FinovateSpring – May 21 through May 23 – Finovate will host a special session to give leaders and professionals working at credit unions an opportunity to meet and network with their peers as well as with fintech innovators who are building solutions specifically for credit unions. Read more…
FinovateSpring 2024 is only a few weeks away! If you haven’t picked up your ticket, there’s still time to take advantage of early-bird savings if you register by this Friday, May 10. This year’s FinovateSpring arrives at an interesting time for fintech and financial services. For the first time in decades, a new emerging technology Read more…
FinovateEurope 2024 takes place at the InterContinental O2 London over February 27 and 28. FinovateEurope has delivered an exceptional line up of must-see demos for over 10 years. 2024 is no exception. With a focus on innovation, Finovate remains the primary choice for fintechs looking to establish their presence and a valuable platform for those showcasing Read more…