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Unbundling Bank Of America: How The Traditional Bank Is Being Disrupted

CB Insights

Below, we take a look at how tech companies are unbundling Bank of America’s front office, from consumer deposits and payments to equity research and business credit cards. . This has provided an opportunity for other research providers to gain market share among banking clients. . Category breakdown . Consumer payments.

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FinTech Veteran Rosenblatt Promoted To CEO At Behalf

PYMNTS

According to the release, the company’s research and development as well as analytical functions will remain in its Ra’anana, Israel offices. Entrepreneurs Benjy and Shai Feinberg, who founded Behalf in 2012, will stay on with the company as advisors.

FinTech 64
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Where Top US Banks Are Betting On Fintech

CB Insights

Since 2012, the top 10 US banks by total assets have participated in 81 deals to fintech startups, totaling nearly $4.1B In the last year, banks have homed in on the consumer, backing robo-advisors and companies offering easy-to-use money management apps. . in disclosed funding. Fintech: 2017 Year-in-Review & 2018 Trends.

FinTech 78
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Mastercard: Holiday eCommerce Sales Grew 18.8 Pct YOY

PYMNTS

eCommerce sales hit a record high this year, with more people doing their holiday shopping online,” said Steve Sadove, senior advisor for Mastercard and former CEO and chairman of Saks Incorporated. There were 9,300 store closures in 2019, the most since numbers were tracked in 2012, according to Coresight, as reported by Financial Times.

Visa 53
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From AT&T To Xerox: 65 Corporate Innovation Labs

CB Insights

HP Labs is an award-winning research facility focusing on technologies like natural language detection, audio/video analytics, immersive experiences, 3D printing, and more. Google’s X research center is where some of their biggest projects happen. Innovation Lab Name: Xerox Palo Alto Research Center (PARC). Founded: 2010.

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Small Businesses At The Center Of Bots Vs Accountants

PYMNTS

In a 2017 report from job hunting site Indeed , researchers found that “small business accountant” was nowhere to be found in the top-10 job positions sought after by most small business employers. McKinsey research , released in 2017, pegged the number of jobs worldwide that could be lost to automation by 2030 at 800 million.

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Finovate Debuts: IBM’s Wealth Management Solution Gives Advisors an Edge

Fintech Labs Insights

.” Stanich then explains that they’re doing something new within IBM called Client Insight for Wealth Management powered by IBM Watson , a solution to help advisors segment clients, predict life events and identify product and portfolio recommendations. Financial advisor dashboard. Baghdjian has served at IBM since 2012.