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Fintech looms with potential to empower
FinTech
Threat or potential? Disruption or empowerment? Few fintech panels can get through a talk without trying to label fintech as one or the other. But maybe it's time to accept that it's both. Fintech is an opportunity in the short term, but "long term it's a massive threat" to traditional finance, said Aki Ranin, commercial director at Tigerspike, at a recent ASIFMA
Avoka: Cutting the complication from applications
FinTech, Video
"The process of applying (for a financial product) in a digital way is a lot of effort," says Howard Treisman, CTO at Avoka. Applicants are quick to abandon forms that seem too time consuming or complicated. The Avoka platform helps financial institutions engage users in a way that keeps conversion rates higher.
Avoka: Don't get hit by abandonment
FinTech, Video
Finance firms have abandonment issues too. "Companies spend a huge amount of money...bringing people to a site and I think there's a growing awareness that its the buy step where they're actually losing out a lot," says Howard Treisman, CTO at Avoka. Avoka's technology helps cut the abandonment for firms seeking new customers, helping streamline the application process to covert
Avoka: Banks entice customers with specialized perks
FinTech, Video
Beyond Bank in Australia is reaching customers in a new way through the use of Avoka's technology. Using data from a local football club, the bank has been able to bring in new users by offering cards with the team's logo and a pre-filled application, explains Howard Treisman, CTO at Avoka.
Flybits: personalizing customer experience
FinTech, Video
With the amount of data available today, customization doesn't need to be hard. Flybits CEO Jerry Rudisin explains how his company is teaming up with financial institutions to personalize customer experiences.
The FBI should probably ask to see who participated in this WalletHub survey
FinTech
So. Is the security at WalletHub as good as the security at Apple? WalletHub recently conducted a survey on credit scores. One of the questions: What would you do to ensure a lifetime of excellent credit? Two percent said they would join ISIS, the Islamic State terrorist group. But only for three months. Now, that’s a pretty small figure. But
Mondo's price tag for disruption is $22 million
FinTech
Disruption isn't easy. Mondo, a hot new startup bank, crowdfunded a massive 1 million pounds in all of 96 seconds earlier this year, but it's not enough. The bank, which has been valued at 30 million pounds, must raise at least 15 million pounds (or $22 million) later this year if it wants to gain its full banking license, reports
3 reasons why mobile banking apps are becoming old hat
FinTech
Given that the financial services industry is in the midst of a technological revolution, it only seems obvious that banks would put resources towards developing up-to-date apps. But should they? A recent report by the Financial Brand reveals that instead of focusing on developing mobile apps, banks are increasingly turning to web-based online banking platforms that are being optimised for
Winklevoss twins to launch Gemini bitcoin exchange in the UK
FinTech
After launching in the U.S. and expanding into Canada, the Vinklevoss twins are now setting their sights on the U.K., as CNBC reports: Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is expanding into the U.K, the company said on Tuesday. Cameron and Tyler Winklevoss launched Gemini in October after the New York State Department of Financial Services allowed
Bank of England hops on the fintech bandwagon
FinTech
In what may be an attempt to turn attention away from the Brexit vote for just a brief moment, the Bank of England has announced plans for a fintech accelerator. Mark Carney, governor of the Bank of England, was to announce the new venture last Thursday during his annual Mansion house speech, but instead commented on the brutal killing of