Speed is an oft-cited cultural difference between traditional financial service companies and their fintech counterparts, especially start-ups. And that’s a big benefit fintechs say they can offer the U.S. government as it prepares to dole out the stimulus payments enacted under the $2 trillion CARES Act.
Read MoreAARP is concerned about the financial well-being of people as they age, but that goes beyond Social Security and Medicare to include fintech and healthtech. Senior Vice President of Innovation and Product Development Andy Miller shares how AARP partners with start-ups and also develops products internally.
Read MoreLast year was a busy time for the major card networks when it came to M&A. Visa this week may have made the latest and biggest splash of all, with its $5.3-billion acquisition of Plaid.
Read MoreThere’s been a long-standing battle between banks (or other financial institutions) and third parties over the sharing of customer data. This scenario is playing out again exactly as you’d expect.
Read MoreCustomers of PNC, the Pittsburgh bank, are getting front-row seats on a fight breaking out in the rivalry between the banking and financial-technology industries.
Real-time payments present an opportunity for banks to pursue small- and medium-sized businesses, before fintechs edge them out.
Read MoreSure, you can bank from your phone, but just try to get cash out of the keypad.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
