10 Results from 2014
Brett King CEO & Founder at Moven
2014 was the biggest year in FinTech by far with billions being invested globally, which is to be expected in a global growth sector. But how much was invested globally in FinTech this year? It depends on how you classify FinTech. StrategyEye estimated that there was $2.8Bn raised in 2014 via venture capital investments in FinTech. However, this do...
24 December 2014 /startups Innovation in Financial Services
The Fear Factor on Ebola is over the top right now. We are spending countless hours in the media analyzing footage of health workers, figuring out how a nurse in Texas contracted the disease despite strict quarantine procedures, and debating over whether to travel on aircraft. In all of this though, the transmission methods of Ebola have been well...
17 October 2014 /payments Innovation in Financial Services
Reprinted with permission from Huffington Post... On September 17, 2011 a group of protestors gathered in Zuccotti Park in New York to protest the growing influence of corporations and the financial services sector. The Occupy Wall Street movement still evades our language today with cries of "we are the 99%" having been damped, but not...
29 September 2014 /sibos Innovation in Financial Services
If you've followed my bullish ramblings on mobile payments here at Finextra, you'll know that talk of the coming ubiquitousness of mobile payments is nothing new for me: Why Square Wallet failed, and why Coin card is next... (May 2014) Why payments are disappearing, and mobile will win (Oct 2013) Why the iPhone means the end of Swipe and Cards (Se...
10 September 2014 /payments Innovation in Financial Services
If you've been waiting for news regarding Coin Card, then you've got a longer wait than expected. Coin launched with HUGE fanfare in November of 2013, promising to revolutionize your credit card by allowing you to combine up to 6 cards in one bluetooth enabled device. Launched on the same day as the revamped Google Wallet, Coin Card stole the show...
22 August 2014 /payments Innovation in Financial Services
Whether it is Bank of Queensland with their Hipster Branch launch, Citi's famed Apple-Store Branches, NAB's Crowd concept, Unicredit "Branch of the Future" in Italy and Bulgaria, PNC's Tellerless Branches, smaller regional players like South Shore Bank and Conestoga BankWerx, or the launch of Video-Interactive Teller's for TEB, Ion B...
05 August 2014 /retail Innovation in Financial Services
Last night as I got home from a Korean-town dinner in NYC with the Moven management team, I got a message via Facebook from Rob Findlay (Next Bank) about a recently launched Youtube video supposedly promoting the upcoming revamped TSB website - sort of a trailer for the future launch and the accompanying news story on Finextra hailing their 'resp...
17 July 2014 Online Banking
Square's recent troubles are not exactly a secret. Wall Street Journal published a detailed analysis on the 21st of April this year, detailing Square's financial troubles and their rapidly shrinking cash position. Square took on a $100m debt financing option earlier this year, but even with that option, WSJ and The Verge reported that they only h...
13 May 2014 /payments Finance 2.0
In a recent UN/ICAO commissioned survey on the use of signatures in passports, a number of countries including the UK recommended phasing out the long held practice because it was no longer deemed of practical use. More significantly, however, is the emerging trend that has some parents, educators and lawmakers espousing their concern – when aske...
05 May 2014 /retail Innovation in Financial Services
I was in India a few weeks ago speaking to the Reserve Bank and most of the primary Retail Banks about the impact of mobile and social media on the industry there. The new RBI Governor in India, Raghuram Rajan, has ruffled some feathers with his unconventional approach thus far, but he has his work cut out for him with a very traditional market, w...
28 January 2014 /regulation /retail Innovation in Financial Services
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