I just found a fascinating report from data.ai about the state of mobile usage today. Apparently we spend a third of the day, on average, playing with our phones. The mobile economy is now worth more than half a trillion dollars; with most of it generated through spending on mobile adverts; and almost 500,000 apps……

Valley Bank is looking to move all its operations to the cloud by 2026 to achieve efficiency and scalability.  The $61 billion, Morristown, N.J.-based bank has between 75% and 80% of its operations on the cloud already, Chief Operations Officer Russ Barrett told Bank Automation News. Snowflake is Valley’s primary data hub provider, Barrett said.…

The peer-to-peer payments market is growing as consumer demand ticks up and new competitors enter the space.  P2P payment market size is expected to reach $6.4 billion by 2028, according to a January report by market research group The Business Research Co.   In fact, 81% of banked U.S. consumers have P2P accounts, according to a…

Things we’re reading today include … Bank locks customer’s account after donation to UNRWA – SKWAWKBOX JPMorgan vs Goldman: How Jamie Dimon’s bank gains from the confidence factor (ft.com) Chime was once valued at $25 billion. What is it worth now? (yahoo.com) Chinese fintech giant Ant Group sets up AI unit led by former Google……

Financial institutions are looking to their infrastructure and platforms to determine where to overhaul their tech in 2024.   To keep up with the changing industry including AI tools and immense volumes of data, FIs need modern platforms to support their technology, global payments and banking infrastructure, fintech Episode Six Chief Executive John Mitchell tells…

Over the past few years, I’ve been to many fintech events around the world, from London to Las Vegas; Sydney to Singapore; and even Kigali to Karachi; but last week was a first, for me, Fintech Islands in Barbados. Well yes, someone had to go I guess and so, when asked, how could I resist?……

Welcome to TechCrunch Fintech (formerly The Interchange)! In this edition, I’m going to look at Brex’s latest round of layoffs, the state of fintech investing in 2023 and more! I may be taking some time off in coming weeks but never fear, TechCrunch Fintech isn’t going away. We’ll be back soon! To get a roundup…

This week’s main blog discussions include … Old bank fears of regulators is opening massive new markets to their challengers I’ve just been through a very strange process with my main personal bank account provider who, thanks to fear of FCA and crypto, noticed that I had regular payments in and out of my account……

American Express plans to invest in product innovation in 2025 to keep up with anticipated growth in 2024.   “We currently have plans to refresh around 40 products globally next year,” Chief Financial Officer Christophe Caillec said today during the card giant’s fourth-quarter earnings call.  The focus on products is designed to keep up with client…

Visa extended partnerships and made new connections during its fiscal first quarter as it looked to expand its reach, develop new use cases for its offerings and push its peer-to-peer payments capabilities.  “We remain obsessed about serving our customers, including traditional bank partners, neobanks, fintechs, wallets, sellers, acquirers and everyone else,” Chief Executive Ryan McInerney…