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The invisible company powers almost the entire finance industry

November 21st, 2019 at 2:50 pm » Comments Off

  The days of going to a bank are coming to an end. In the past 10 years, 15,000 bank branches have shut their doors for good. And foot traffic to banks has fallen by 50%. Bank branches are shutting down left and right for a simple reason… They’re useless! These days, you can deposit […]

Google to offer checking accounts in partnership with banks starting next year

November 21st, 2019 at 2:41 pm » Comments Off

Google is the latest big tech company to make a move into banking and personal financial services: The company is gearing up to offer checking accounts to consumers, as first reported by The Wall Street Journal, starting as early as next year. Google is calling the project “Cache,” and it’ll partner with banks and credit […]

The 7 biggest technology trends to disrupt banking & financial services in 2020

November 17th, 2019 at 3:52 pm » Comments Off

Even though banking and financial services have been slower than other industries to adopt the latest technology into their operations, financial organizations are trying to catch up by incorporating artificial intelligence, blockchain, and other technology to benefit their customers, remain competitive and improve business results. Here are the 7 biggest technology trends that will disrupt […]

“The Deadly Trifecta” is among threats putting $88 billion in banks’ payments revenue at risk

November 8th, 2019 at 12:39 pm » Comments Off

While fintechs and other nonbank payments providers continue to carve out more market share for themselves, banks could face losing up to $88 billion in payments revenue to them. That’s the assessment from Accenture, the consulting firm that on Wednesday released its latest report, “5 Big Bets in Retail Payments in North America.” Of that […]

Venmo to launch its first credit card in 2020

October 26th, 2019 at 12:25 pm » Comments Off

Venmo announced today its plans to launch its first-ever credit card. The card is being issued in partnership with Synchrony, already the issuer behind Venmo parent company PayPal’s Extras Mastercard and Cashback Mastercard. The move is meant to help Venmo, a still unprofitable arm of PayPal’s larger business, generate more revenue. PayPal’s plans in this […]

11 critical skills for the future