Banking
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Simple rolls out shared bank accounts that work for anyone, including roommates
Online banking service Simple is today rolling out a new product: shared accounts. However, unlike joint checking accounts typically shared by spouses, Simple’s shared accounts work differently. They allow customers to maintain their own accounts, but quickly fund then switch over to shared accounts to collaborate with each other on financial planning by tracking shared expenses,… Read More
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E-susu aims to close the gap between community loan groups and traditional banking services
An interesting hack presented on stage today at TechCrunch Disrupt New York 2016 is a platform for non-traditional banking services. Called e-susu, the app is designed for people who are involved with informal loan groups to help them better manage the process of lending money within a family or community group, as well as encouraging the saving process via increased transparency. Read More
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Transforming how retail banking works
Mobile is changing how people work, travel, read, communicate, shop and many other lifestyle behaviors. In the Internet Trends 2015 report by KPCB, mobile engagement is better than ever, with three hours of time spent per day on mobile devices in 2015 compared to an hour per day five years ago (a 300 percent increase). Adding to this, there was 69 percent and 23 percent annual worldwide growth… Read More
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Bank Loans Are A Better Financing Option Than You Might Think
Today’s startup scene is all about raising VC money — as much as possible, as fast as possible. The market celebrates VC fund-raising, cheers unicorns and makes it seem like VC-backed startups are the holy grail of innovation. And so my fellow entrepreneurs were somewhat surprised to learn that when my VC-backed startup needed another cash injection, I resorted to the oldest trick… Read More
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Bankjoy Is Building A Modern-Day Mobile Banking App For Use By Credit Unions And Smaller Banks
Thanks to startups like Simple, which was acquired by financial services organization BBVA last year, banking customers got a look at what a modern-day web and mobile banking experience looks like, with features like goal-setting tools, automated categorization of expenditures, real-time notifications of new charges pushed to your mobile phone, the ability to block a lost or stolen card… Read More
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YC-Backed Seed Wants To Reinvent Business Banking
Seed thinks that business banking is opaque, expensive, and behind the times. The company, which is part of the Winter 2015 Y Combinator class, wants to shake up banking, bring it into the API era, and rip out unnecessary fees to make it, according to its CEO Brian Merritt, as “easy as possible to start and manage a business.” Read More
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Walmart Now Offering Low-Cost Mobile Checking Accounts Through Exclusive Deal With Green Dot’s GoBank
Apple Pay what again? Walmart is getting into the mobile banking space, the company announced this morning, through a partnership with financial services provider Green Dot Corporation. The company’s low-cost checking account product called GoBank is now being made available exclusively at Walmart, offering customers an overdraft-free bank account with no minimum balance requirements.… Read More
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Startups And The Un-Banking Of America
Historically, when looking for opportunity in the financial industry where technology can have the greatest impact — for investors and entrepreneurs — the best place to start has been with one of our oldest institutions: banks. However, while critical to our economy, banks are generally inefficient, have high fixed costs and don’t exactly elicit happy thoughts from the… Read More
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