Register your credit and debit cards with Bumped, choose your favorite retailer from several categories, and earn fractional shares of stock with every purchase a those stores. For retailers, it’s a great loyalty program, said David Nelsen, the founder and CEO of Bumped. He built Giftango, which took gift cards digital, and sold it to InComm the leading prepaid card provider. That required building connections to the big brands; with Bumped all the retailers have to do is sign up and specify...

Digital Human is Chris Skinner’s third book about digital banking, which in this volume he has placed in a larger historical, evolutionary, geographic and even archeological context. But for now, I am going to focus on digital banking and the sharp contrasts between the speed of adoption in the developing world — Asia and Africa in his account — compared to technology deployed in banking in most of North American Europe. He is more than a little skeptical about banks that slap a digital...

Banks and regulators need semantically enabled regulatory technology to deal with the huge, and constantly expanding, volumes of regulations, according to a new report by the London-based RegTech Council, “A New Paradigm for Regulatory Change and Compliance.” “it took 30,000 pages and 1.5 million paragraphs to describe the rules in MiFID II…And the problem is only going to get more complicated. Over 50,000 regulations were published across the G20 between 2009 and 2012. Lots of regulations...

Mixed in among the venture capitalists in Institutional Investor’s list of the 40 top FinTech Finance Power Player is the leader of a nonprofit — Maria Gotsch, president and CEO of the Partnership Fund for New York City. Accenture and the Fund were the first to create a development Lab for fintech firms to work with financial firms in New York City. For 12 weeks leaders from technology firms interested in working with financial firms would come to New York to work with coaches and executives...

Bankers have high expectations of Open Banking according to a new study from Accenture. More than half expect it will help them grow revenues by 10 percent while a third think it will increase revenues by up to 20 percent. Commercial customers are just as enthusiastic — 35% say they already participate in Open Banking and another 42% plan to this year because they think it will provide more innovative processes and a better customer experience, especially in payments and cash management. Alan...