Earlier this year, I blogged about Online Banking e-Payments (OBeP) solutions which allow consumers to pay merchants online directly from their bank accounts via online banking channel (e.g. iDEAL in the Netherlands). I mentioned that eWise and VocaLink have announced their partnership to launch such a solution in the UK market and shared my thoughts [...]

During my webinar on Taxonomy of Payments in September I mentioned that I have been conducting research on Payment Services Hubs (PSH). Since then I received a lot of interest from clients asking when the research findings would become available. I am pleased to announce that Celent will be publishing a series of reports on [...]

In the last couple of weeks, there have been a few announcements in the US and the UK about new ways to pay for e-commerce goods – via your online bank account. SafetyPay announced its formal entry to the US market and eWise, a company behind Secure Vault Payments in the US, announced a partnership [...]

Consumer mobile banking has already created quite a stir. Hefty marketing campaigns aimed at the consumer market are being used to promote mobile banking services. While the potential of the consumer mobile banking market is certainly attractive, little emphasis is being placed on the corporate or small business markets. This is quite surprising given the [...]

I am always excited when a bank launches an innovative product. RBC (in Canada) recently announced the launch of myFinanceTracker. RBC is “using the services of a California-based online financial solutions company” to offer the solution. To my knowledge, RBC is the first Canadian bank to offer PFM. It is a great move on their [...]

On May 11, I attended the Finovate conference in San Francisco (see my quick take here). A slew of startups presented their wares to an enthusiastic audience. Out of the 36 firms that presented, a few stood out to me. I decided to pick my top 10 and produce Celent’s second annual financial technology startups [...]

Last Thursday, we hosted our annual Banking Innovation and Insight Day at the Westin Times Square in NYC. Celent Senior Analyst Bob Meara opened up to a packed house with his presentation on top tech trends. This set the stage for the day as we moved into more specific subjects including, social media, risk management, [...]

The folks at Twitter must have a secret love for financial services. First Jack Dorsey goes off to start Square and now Alex Payne jumps ship to become co-founder of banksimple.net. What is banksimple.net? A recent TechCrunch post led me to some interesting info on the firm. Their web site states that they are “an [...]

On Tuesday, Red Gillen and I attended Finovate in San Francisco. The conference brings together a slew of fintech startups as well as a handful of established players. Thirty six companies showcase their wares in 7 minute demos. Sounds like a short time frame, but if done properly, is more than enough time for a [...]