Dissecting The So-Called Rise In Bank Branch Popularity

blogginThe American Bankers Association released the findings of its 2014 survey regarding bank channel preferences. A pymnts.com article titled Mobile’s Impact on Bank Branches reported that 21% of those polled selected the branch as their most preferred banking method, up from 18% in 2013. My take: The title of the article is wacky, and the ABA’s explanation of what’s going on is incorrect.

The Bank FinTech Fund Dilemma

A very large bank–I think it was a Well Funded bank–announced that it was launching a startup accelerator to provide up to $500,000 in capital, and offer a six-month boot camp for startups to develop tools for the financial industry, especially in the transactions, security and consumer information areas. According to the head of the…

Maybe Banks Don’t Have To Innovate

blogginAn academic study found that “Disruptive innovations need not lead to an incumbent’s fall. Startups introducing disruptive technologies are more likely to end up licensing to incumbents or agreeing to be acquired rather than turning into rivals.” So, maybe banks don’t need to innovate.