Bank Innovation

FEBRUARY 10, 2017

Banks have been fairly active in tapping into new technologies recently, either through partnerships or with internal innovation groups. An old-school cost analysis will do, according to Michael Read More. But with the rapid acceleration of the fintech space, how should banks decide if a new space or tech is worth pursuing?

Analysis 150

Analysis Innovation Groups Fintech 150

Independent Banker

APRIL 30, 2022

Community bankers are embracing innovation like never before—with impressive results. But with so much emphasis placed on customer-facing products and technologies, innovating back-office operations can fall to the bottom of the priority list. Unbundle your end-to-end operations and conduct a SWOT analysis.

Innovation 91

Innovation Community Bank New York City Community 91

PYMNTS

JANUARY 22, 2019

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. The financial services sector is promoting innovation in the area of healthcare financial management.

Management 184

Management Tools Taxes System 184

South State Correspondent

MARCH 14, 2024

This all compares to about a 40%+ return invested in improving processes (loan, branch, cash management, etc.) In comparison, investments in new technology or new business lines pale in comparison to other strategic investments due to the time and effort it takes to get a business line off the ground.

Innovation 195

Innovation Strategy Capital Comparison 195

Bobsguide

MARCH 12, 2022

CompatibL was quick to act to counter the adverse impact of the global disaster and to provide its clients with innovative technology. Today, we are proud to have won the prestigious Best Modeling Innovation accolade at Risk Markets Technology Awards 2022. The Risk.net judges said: “This is truly innovative.

Technology 78

Technology Marketing Risk Management Innovation 78

PYMNTS

FEBRUARY 1, 2021

The technology of the latter company will have an important position in enabling the communication of information among Virgin Money and its corporate bank clients, according to a Monday (Feb. million) Banking Competition Remedies (BCR) Capability and Innovation Fund award, the announcement stated. 1) announcement.

Technology 110

Technology Analysis Fintech Capital 110

Perficient

MARCH 16, 2023

If you would like to speak to a Perficient financial services representative about your client remediation needs or to arrange a free 1-day analysis with one or more of Perficient’s financial service strategists, click here.

Analysis 275

Analysis Resources How To Regulation 275

Perficient

SEPTEMBER 29, 2020

The Forrester Wave report identifies Perficient as one of “13 providers that matter most…” Says the report, “Reference clients praised the firm’s ‘proficiency in all aspects of the technology stack.'” The report examines implementation service providers for their work with DPA technologies.

Report 340

Report Analysis Strategy Technology 340

PYMNTS

DECEMBER 19, 2018

19) that it has inked a partnership deal with Feedzai, an artificial intelligence (AI) developer for real-time risk management across banking and commerce. Our strategic partnership with Feedzai demonstrates our deep commitment to using technology to drive innovation.

Risk Management 162

Risk Management Management Customer Experience Analysis 162

Insights on Business

JULY 31, 2018

IBM RegTech Innovations. Armanta’s technology platform allows financial institutions to aggregate data across multiple systems in near real-time speed. We caught up with Peter Chirlian, CEO of Armanta, an IBM Company, to tell us more about Armanta’s innovative approach to aggregation and risk analytics.

Innovation 133

Innovation Analysis Analytics Risk Management 133

PYMNTS

APRIL 28, 2020

The indirect spend management company also rebranded its products and technology platform to better show its capabilities throughout sourcing, procurement, spend analytics and data enrichment, according to an announcement. In separate news, Tradeshift teamed with Chain IQ to offer procurement services innovation.

Data 136

Data Management User Experience Maine 136

Insights on Business

MARCH 4, 2019

This series of live and interactive webinars convenes experts and risk professionals together to discuss key issues in RegTech, and to help banks understand the innovations available to help address challenges and unleash their potential. Introducing the IBM RegTalk webinar series episode 3.

Analysis 79

Analysis Report Regulation Compliance 79

PYMNTS

APRIL 9, 2019

Retail innovation labs – incubators or tech hubs – aren’t confined to operations run by the likes of Amazon or Walmart. A new lab store from 7-Eleven underscores the innovation wave that is taking place in the convenience store sector of retail – a sector ripe for change, disruption and growth. stores with the innovation.

Innovation 155

Innovation Millennials Dallas Retail 155

Abrigo

OCTOBER 7, 2016

The benefits of utilizing e-commerce technology are readily apparent to us because they are personal: We find what we are looking for; we find it at a cheaper price; we can get it more quickly. Technology can also provide tangible benefits to a business, and in many cases, those benefits are financial. Reducing the IT burden.

Technology 171

Technology Boston Software Study 171

PYMNTS

OCTOBER 18, 2019

Together the companies are rolling out the DirectSpend IQ solution, which deploys IBM managed services solutions with LevaData’s Cognitive Sourcing Platform. Applied AI, analytics and process automation have become essential to innovative supply chain transformation,” added Bob Murphy, IBM’s chief procurement officer. “As

Analytics 101

Analytics Analysis Tools Survey 101

Perficient

AUGUST 14, 2023

A data-driven approach, backed by consistent analysis of past experimentation results, provides insights into what resonates with your audience. This approach leverages advanced technology, data analytics, and a culture of continuous learning to facilitate quick decision-making and improve business outcomes.

Google 419

Google Tools Analytics Strategy 419

Insights on Business

JULY 30, 2019

In this series of blogs , we focus on four high-growth transformative technologies with emerging risk applications which can help banks and financial institutions complete and protect the enterprise. Advanced analytics and aggregation technology can be applied to dynamically aggregate data and conduct large scale, real time analysis.

Risk Management 70

Risk Management Analytics Technology Management 70

PYMNTS

SEPTEMBER 5, 2019

Payments and cash flow can be the difference between life and death for small and medium-sized businesses (SMBs), This also applies to expense and spend management, which have a massive impact on cash flow. Technology, analysts said, will be essential to addressing these challenges. Not only that, but 24 percent of U.K. SMB Challenges.

Management 150

Management Mobile Cards Technology 150

PYMNTS

FEBRUARY 4, 2019

. “While their contribution has grown at a slower rate than that of large businesses, small businesses continue to be at the forefront of driving innovation, jobs and economic growth.” ” However, as SMBs drive innovation for the U.S. trillion in 2015, the report said.

Technology 130

Technology Analytics Survey Community 130

PYMNTS

MAY 8, 2018

Small businesses (SMBs) prefer not to seek funding to finance their innovative endeavors, according to new research from BMO Wealth Management , which suggests SMBs are missing out on opportunities to drive growth. 1 necessity for an entrepreneur’s innovative initiatives. A survey of more than 1,021 small businesses in the U.S.

Innovation 119

Innovation Survey Tools Management 119

Abrigo

APRIL 14, 2017

Experts agree that while commercial lending is a critical banking service, it has been one of the least automated and technology-reliant aspects of banking today. A credit risk manager at one bank with $900 million in total assets estimated that her team received approximately 8,220 tax returns in the 2015 calendar year.

Innovation 150

Innovation Taxes Analysis Lending 150

PYMNTS

DECEMBER 18, 2018

Technology may be enabling automation in small business (SMB) accounting and financial management, but rather than cutting out the need for human accountants in the field, this tech disruption is supporting a change in the profession. Recently, several technology firms have done just that.

Management 134

Management Fintech Tools Technology 134

PYMNTS

NOVEMBER 12, 2018

Corporate decision-makers are seeing more choices in technology and services when it comes to the ways they pay suppliers, employees and business partners. However, these professionals have their own ideas about where corporate payments innovation should be headed.

Innovation 111

Innovation Payments Survey blockchain 111

PYMNTS

APRIL 19, 2019

However, Steven Jones, business development manager of U.K. A business growth manager. Payescape recently launched its Accountants Partnership Program , an initiative that connects small business accountants to the company’s payroll technology — if those accountants choose to use technology to automate payroll for their clients.

Innovation 154

Innovation Compliance Technology Resources 154

PYMNTS

JANUARY 22, 2018

Expense management technology is now a saturated market, particularly for the small business space – which is notoriously difficult to serve, because they are too small for large, enterprise-grade solutions, but too large for consumer-specialized tools. “We are more than welcoming them.”

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

MARCH 25, 2020

As commercial card innovation expands, service providers continue to target particular pain points for their business cardholders. Designed for firms with between two and 200 employees, the card program underwrites SMBs through Archa’s proprietary machine learning-powered risk analysis technology. ”

Cards 115

Cards Innovation Regulation Video 115

Perficient

FEBRUARY 29, 2024

Driven by technological advancements, regulatory changes, and shifting consumer preferences, the banking industry must evolve and respond accordingly. Explore and integrate alternative data sources and innovative scoring models to offer fairer assessments of creditworthiness.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

OCTOBER 17, 2016

Technology has the power to help a business rise up from the competition. From spend data analytics to cybersecurity detection, innovative tools in FinTech enable companies to gain visibility into the performance of their business. Small businesses, too, have an appetite for technology. 78% of U.S.

Technology 100

Technology Analytics Survey Data 100

Abrigo

SEPTEMBER 9, 2019

The same is true of financial institutions when they consider technology investments to transform their lending and credit operations. In some cases, parts were overhauled multiple times as management has changed. The technology investment will undoubtedly help the financial institution transform inefficient processes.

Technology 150

Technology Lending Software Customer Experience 150

Insights on Business

MAY 1, 2019

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes. To effectively perform assessments and impact analysis, it is critical that this information be disseminated to the right subject matter experts in a timely manner.

Compliance 122

Compliance Management Regulation Analysis 122

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience. Kobe Bryant’s VC Firm Holds More Than $2B in Assets .

Cards 131

Cards Technology social media Meeting 131

Perficient

JULY 10, 2023

Political climate, environmental issues, technology innovations, criminal activity, economic volatility/inflation, account diversity, and industry regulatory changes are just a few examples of factors that often spur reputational risk or crises. Recent bank crises plead the case for risk management preparedness.

social media 170

social media Risk Management Analysis Industry 170

South State Correspondent

JANUARY 23, 2023

Our innovation working group, called Spark, has been playing with the tool for the past several months, and this article details how we use it to jump our productivity by 20%. How should I pitch treasury management services? This AI-powered digital assistant, technically called “generative AI,” has taken banking, and society, by storm.

Tools 370

Tools Examples Analysis Data 370

South State Correspondent

FEBRUARY 20, 2023

By excluding larger bank lending competitors, this SWOT analysis is mainly useless because it doesn’t compare this community bank’s performance with the majority of the banking competition in its region. However, community banks largely exclude these big institutions from their SWOT or competitive analysis.

National 195

National Lending How To Community Bank 195

PYMNTS

JULY 18, 2019

The technology, he noted, is starting to get ahead of the problem and neutralize the pain points. “In The larger one’s scale is, the more local compliance checks and vagaries one is responsible for managing. The third bucket, he noted, is the transparency bucket, or cost. “The

Technology 162

Technology Compliance Payments Marketing 162

PYMNTS

JANUARY 26, 2021

The financial institution (FI) revealed last week that it is working with Volante Technologies to accelerate its ISO 20022 adoption, leaving Citi to become Volante’s first banking customer to take a unified approach to its global migration to the messaging standard. HashCash Brings Blockchain Tech To Unnamed Bank.

blockchain 355

blockchain Data Fintech Technology 355

Insights on Business

JULY 23, 2018

CxOs are somewhat divided about whether the innovation focus will be on new or established markets. Previously, they thought open innovation would predominate, but now a growing number of these executives anticipate more internal-driven innovation. They’re neither as focused nor as agile as Reinventors.

Innovation 96

Innovation Security Case Study Strategy 96