Not since the printing press has a new media been as disruptive as the internet. Because it is about connection, conversation, and a pure democracy of ideas, it is changing every business model and all ideas about traditional services. The first wave of new media disruption was against old media, but that was only the…
Read MoreRecently, there are an explosion of apps and tools for personal financial management. With our mobile phones, the access to smart financial data is available at our fingertips, and that raises awareness of our personal financial health. But do these tools replace the need for a financial advisor? Today on Breaking Banks, Brett King hosts…
Read MoreAccording to CB Insights, there was more venture and private-equity investment in New York’s Financial Technology (or FinTech) sector in the first half of 2013 than in all of 2012, which was the biggest year on recent record. On a global basis, annual venture investment in the fintech sector has nearly tripled since 2008, with…
Read MoreThis week Breaking Bank$ is going to be streaming live from the New York Google Offices as part of the 2nd Annual NYC Tomorrow’s Transactions Today Un-conference. http://www.nypay.org/event/payments-unconference/ The event is hosted by NYPay. Brett will have Dave Birch, Global Ambassador of Consult Hyperion, Peter Hazlehurst, Chief of Google Wallet and other thought leaders on…
Read MoreRussia is one of the biggest emerging economies on the planet, and has one of the largest national banking markets in the world, but innovation comes slowly within the banking sector due to massive technology and process issues. However, in the last few years there has been an explosion of innovation through start-ups, new brands…
Read MoreBitcoin just keeps making the news. Germany recognized it as a legitimate taxable currency just a month ago, and then the site Silk Road, that trafficked drugs and black market items, and accepted Bitcoin as a currency was shuttered by the FBI. However, with the use of mobile increasing and people’s need to move money…
Read MoreBitcoin just keeps making the news. Germany recognized it as a legitimate taxable currency just a month ago, and then the site Silk Road, that trafficked drugs and black market items, and accepted Bitcoin as a currency was shuttered by the FBI. However, with the use of mobile increasing and people’s need to move money…
Read MoreDigital innovation happens at such lightening speed that in order to stay current you have to try to imagine the future today. In the past sixteen years, the internet has become a new space with its own culture, rules, taboos, and possibilities. This has challenged the traditional way of doing everything, and makes us wonder,…
Read MoreMobile phones are the most popular way that we access the internet and web services that we rely on every day. In a world where greater mobility and transparency are the norm, there is tremendous risk of security breaches which can interfere with the utility and friendliness of our tablets and smartphones. Viruses can infect…
Read MoreWith interest rates remaining low and traditional fee income such as debit card and overdraft fees impacted by recent government regulations, banks and credit unions are increasingly looking for new ways to increase revenue. While banks will look to cost cutting measure, another way to make up for falling fee income may be to have…
Read MoreBanks have long cultivated the image of stability with marble counters and mahogany desks, indicating a sense of permanence. But in order to do something new, you have to stop doing the old! The new frontiers of banking are in a relatively new area called Fintech. In this world, startups from outside the traditional banking…
Read MoreAs Steve Jobs famously said “Some people say give customers what they want, but that’s not my approach. My job is to figure out what they are going to want before they do.” With the current disruption and banking options available, it has never been more crucial for banks to build positive personal relationships with…
Read More