TalkBank lets you chat with your bank

screen-shot-2016-12-16-at-10-57-02-am As a fan of banks – I like the lollipops they give out – I’m slightly disturbed by services like TalkBank. This Russian company replaces one-on-one teller interaction with a chatbot that can tell you your balance, offer on the spot advice, and even send you cool deals related to your credit cards. Founded by Mikhail Popov, Alexander Popov, and Vladimir Kozhevnikov the company… Read More

Cross River Bank gets unconventional validation with a $28M VC round

Neon blue piggy bank on black background In a rare move, Battery Ventures, Andreessen Horowitz and Ribbit Capital, investors in a number of Silicon Valley’s fintech startups, have backed the bank enabling many of their investments to lurch forward. Cross River Bank, the obscure financial institution that seemingly everyone in fintech has heard of but doesn’t really know, originated more than $2.4 billion in loans for… Read More

Zelle p2p payments push to compete with Venmo now has 19 US FI backers

Zelle The US finance industry might finally be getting its ducks in order to compete with the likes of PayPal-owned social payments platform Venmo. Today bank network operator Early Warning announced it has 19 US financial institutions signed up to a forthcoming payments network called Zelle, due to launch in early 2017. Read More

India’s financial giant Paytm nabs $60M at $4.83B valuation

india iphone apple On the heels of large investments made in Flipkart and Snapdeal, another e-commerce juggernaut in India is closing in on an outsized round of funding to tap into India’s fast-growing, smartphone-fuelled economy. Paytm — a catch-all digital commerce platform that lets users create online and mobile digital wallets and use its e-commerce platform to pay for goods, services and… Read More

Square brings payment and capital offerings to TouchBistro and Vend customers

reader.03-ed183428211b107dc3c32d208597a025 Square is turning point-of-sale companies that at one time could’ve been considered enemies into allies, with two new partnerships with Vend and TouchBistro. Square will now offer Vend and TouchBistro‘s restaurant, retail and other business owner clients full access to Square’s platform, including its hardware, payments infrastructure and financial service offerings (like… Read More

What’s next for personal financial services?

piggy bank Already there has been a huge amount invested in fintech in 2016, with investors funding close to $9 billion in January and February alone. It is a sector of innovation that shows no signs of slowing down. If 2015 was the year of the great “Bank Unbundling,” it was also a year that saw the emergence of a new landscape of financial influencers taking a seat at the table. Read More

Fintech’s $138 billion opportunity

money cash Fintech is in the midst of a golden age of investment and innovation. According to KPMG and CB Insights, investments in fintech startups doubled between 2014 and 2015, to $14 billion. However, comparatively little of this money has been focused on the $138 billion market opportunity to disrupt alternative financial services in the United States. This lack of focus is damaging… Read More