2017 Innovators to Watch: 44 Executives Shaping the Future of Banking
Bank Innovation
JUNE 12, 2017
2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.
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Bank Innovation
JUNE 12, 2017
2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.
PYMNTS
FEBRUARY 7, 2020
It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. blockchain startup Envoy will be used to bolster its supply chain and trade finance platform, the company told PYMNTS in an emailed announcement.
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PYMNTS
DECEMBER 3, 2020
Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. Visa confirmed this week that it is partnering with Circle Internet Financial, which operates the digital currency U.S. CardUp Mixes Rails To Enable Card Payments.
Bank Innovation
FEBRUARY 15, 2017
This bank created an innovation lab, and that bank is launching a fintech team. But this other bank just started a blockchain focus group, and everyone else is investing in tech. Gone are the days when banks could afford to be “conservative” with new product launches and tech projects, which Read More.
Bank Innovation
SEPTEMBER 27, 2017
What is the state of banking innovation today? Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation? Talk has shifted from last year’s discussions on blockchain and chatbots to artificial intelligence and cloud-based cores.
CB Insights
NOVEMBER 5, 2020
Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Company Name. Phone number.
Bank Innovation
APRIL 3, 2018
BitPay, a blockchain payments company, closed a Series B of $40 million yesterday, the company announced. The money, as previously mentioned by the startup, will go towards expanding its international operations. The first stop for this expansion will be Asia.
Bank Innovation
NOVEMBER 13, 2017
EXCLUSIVE—Investors don’t need to wait for Initial Coin Offerings to reach their full potential: this way of raising capital is already redefining how businesses in certain markets can operate, Taynaah Reis, CEO for cooperative banking system company Moeda told Bank Innovation.
PYMNTS
NOVEMBER 5, 2019
Coca-Cola’s supply chain operations are run by an IT firm called Coke One North America (CONA), and the company recently had such a successful run with blockchain software provider SAP that it’s going to expand the program from two to 70 manufacturers, according to reports. . The funding round was led by Polychain Capital.
PYMNTS
SEPTEMBER 19, 2018
A new report from Capital One examined this question, focusing on how technological disruption will affect its finances. ” the financial institution (FI) asked in its recent publication, “ Innovation in the Middle Market: Staying a Step Ahead of Disruption.” Where does the middle market fit in this spectrum?
PYMNTS
JANUARY 18, 2019
Yet, half a century later, even some of the largest multinational conglomerates are only beginning to implement EDI into their procurement and B2B commerce operations. Betting On Blockchain. For Inxeption, one of the most promising innovations to achieve this leap is blockchain. The technology first emerged in the 1970s.
Bank Innovation
FEBRUARY 18, 2016
Bank Innovation is pleased to welcome Marley Gray, Microsoft’s director of technology strategy for blockchain and financial services, to our speaker faculty. Gray will discuss corporate banking and blockchains on March 1 in Seattle with JP Jolly of Citigroup and Deva Annamalai of Fiserv.
PYMNTS
NOVEMBER 21, 2019
Paris-based Ultra , which has created its own blockchain, announced that French video game giant Ubisoft will become the first major gaming system to test out payments on its blockchain for gamers. The population of the country sees these capital controls are put in place, and then they’re going to look for a way around it.
Bank Innovation
MARCH 8, 2017
— Blockchain – or the distributed ledger technology – is rushing out of test labs, and into real-life applications. Experts foresee that blockchain will take over money transfers, and will […]. SAN JOSE, Calif.
PYMNTS
OCTOBER 20, 2017
PYMNTS takes a look at those cybersecurity firms, plus a few of the treasury management, blockchain and logistics firms that also grabbed fresh funding. Backers at Meritech Capital Partners and Lead Edge Capital led the Series D investment round, according to TechCrunch news, while Index Ventures and Workday also participated.
Bank Innovation
FEBRUARY 8, 2017
chief technology and operations officer. BMO Bank has been “heavily” investing in its technology architecture for the past five years. The bank reached a “major milestone” at the end of 2016, according to David Gordon, the bank’s U.S. That’s in terms of all the tech capabilities we have built, which will Read More.
PYMNTS
DECEMBER 20, 2017
As more businesses join collaborative groups and invest in internal research and development (R&D) to explore using blockchain for new services, some firms have begun to use the technology themselves. Currently,” Citi explained in its announcement, “banks have to set aside capital as they wait for collateral to be settled.
PYMNTS
NOVEMBER 4, 2016
The seed of FinTech innovation often comes from a desire to do things differently. But as finance and payments tech expands, these traditional FIs are learning that perhaps the best way to meet the demands of their corporate clients isn’t to compete with FinTech innovators but to collaborate with them.
PYMNTS
DECEMBER 30, 2019
Japanese business to business (B2B) payments firm JCB is partnering with Singapore blockchain technology provider Keychain to capitalize on using blockchain in the payments space, JCB announced in a press release. Last week , JCB announced a partnership with the blockchain-enabled commercial payments platform Paystand.
PYMNTS
SEPTEMBER 30, 2016
B2B startups saw a little bit of everything this week when it came to venture capital. And that goes for the industries covered, too, with treasury management’s Kyriba, blockchain’s BlockApps and enterprise security’s Druva landing on the board, to name a few. Blockchain. Spain-based Captio revealed a $1.1
Bank Innovation
NOVEMBER 28, 2016
will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., will feature dozens of speakers on investing in innovation, chatbots, blockchain and more. Adam Carson, managing director, global technology strategy & partnerships at JPMorgan Chase & Co.,
Bank Innovation
SEPTEMBER 14, 2018
Banks and fintech ranked artificial intelligence and machine learning as their top innovation priority, according to a Bank Innovation survey. Bank Innovation asked people in the banking and fintech community to list what’s top on their innovation wish list.
Bank Innovation
JULY 7, 2016
As the summer heats up, blockchain hype may (finally) be cooling down. 2016 will likely see less investment in bitcoin and blockchain technology, but that is true for many other areas, as well. This year to date has seen $161 million invested so far, while 2015 saw a total of Read More.
PYMNTS
MAY 26, 2017
Yet again, the B2B FinTech industry proves it’s quality over quantity when it comes to venture capital. But it was blockchain that turned heads with its record-setting funding. Backers at Riverwood Capital Management led the investment, reports said, with plans to use the funds to grow into new markets and continue product innovation.
Bank Innovation
JULY 2, 2018
While blockchain technology is still a greenhorn in the wilderness of capital markets, the underlying concept should be heralded as a catalyst for innovation. Blockchain has been the inspiration for solutions like […].
PYMNTS
JANUARY 26, 2021
HashCash Brings Blockchain Tech To Unnamed Bank. Although blockchain technology company HashCash Consultants did not name the FI, the company revealed it is collaborating with a bank in the U.S. to bring its blockchain-powered corporate trade financing technology into the entity.
PYMNTS
MARCH 25, 2016
It may have been a big week for alternative lending in the consumer finance space, but in B2B payments, blockchain and eCommerce startups snagged the biggest share of venture capital. Blockchain. But that doesn’t mean blockchain is free from its notoriety. 30 million , to be exact.
PYMNTS
SEPTEMBER 28, 2016
Distributed ledger technologies, like blockchain, are now eyed with potential to overhaul not just payments, but transactions that require data to move along with money. Trade finance has become a central focus for some blockchain innovators, including Microsoft via its Azure platform. On Tuesday (Sept. On Tuesday (Sept.
Bank Innovation
MARCH 3, 2016
Real Time Equities Settlement will change the global capital markets beyond recognition, impacting every player in the ecosystem. For long a technological pipedream, Real Time Equities Settlement is nudging closer to reality thanks to Blockchain technology.
Bank Innovation
JANUARY 28, 2019
Coming off a year of high growth, enterprise blockchain startup Symbiont on Wednesday closed a $20 million Series B funding round led by Nasdaq Ventures, with participation from new investors including Galaxy Digital, Citi Ventures, and Raptor Group.
PYMNTS
AUGUST 8, 2018
Logistics technology provider OpenPort has announced a partnership with blockchain company Fr8 Network in a deal that will enable OpenPort to connect its customers to blockchain solutions. Through its partnership with Fr8 Network, OpenPort’s ePOD data is stored on blockchain, reports said.
Bank Innovation
NOVEMBER 16, 2018
Innovation is expensive. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger.
Bank Innovation
NOVEMBER 16, 2018
Innovation is expensive. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger.
PYMNTS
FEBRUARY 14, 2018
Spending on blockchain technologies will ramp up to $9.2 Its latest Worldwide Semiannual Blockchain Spending Guide also calculated a compounded annual growth rate (CAGR) of blockchain spend of 81.2 2018 will be a crucial stage for enterprises as they make a huge leap from proof-of-concept projects to full blockchain deployments.
PYMNTS
JANUARY 5, 2017
As more banks, industries, companies and even retail brands take on and use blockchain technology in their business, there are the enhanced and innate elements of efficiency and security. “A But blockchain has also become a tracking mechanism, more so a cost-cutting measure for a variety of reasons. billion for a typical lender.
PYMNTS
SEPTEMBER 24, 2020
When it comes to payment rails innovation, financial service providers can either improve upon existing infrastructure, or build entirely new rails altogether. This week's look at the latest innovation initiatives finds a big push for the latter. SatoshiPay Debuts Blockchain Payments Platform. BELLIN Secures SWIFT gpi Label.
PYMNTS
OCTOBER 8, 2020
Enterprise blockchain service provider Ripple on Thursday (Oct. The service “lowers both the cost of holding trapped capital and operational costs associated with sending cross-border payments,” Ripple wrote in the announcement. On its website , Ripple said its Line of Credit can help lower the cost of capital for firms.
PYMNTS
AUGUST 3, 2016
Thomson Reuters is joining a consortium that includes some of the largest financial institutions around the world working to determine how to use blockchain technology in global financial markets. Blockchain technology is behind bitcoin, the popular digital currency, and enables data to be shared between a network of individual computers.
Bank Innovation
JANUARY 10, 2017
IBM is way past looking for blockchain use cases — it has between 300 and 500 blockchain projects going at the moment, according to CEO Ginni Rometty. In an interview with Bank of America CEO Brian Moynihan (Moynihan interviewed Rometty) Rometty revealed some of the areas where she sees blockchain Read More.
Bank Innovation
AUGUST 13, 2018
David Brydun, vice president of consumer lending, exclusively told Bank Innovation that the financial institution has partnered with Checkbook.io on a digital check issuance solution that utilizes blockchain. “A Baxter Credit Union, based in N.J., has found a new solution to an old, and costly problem.
Bank Innovation
FEBRUARY 11, 2019
BNY Mellon is on the hunt for fintech partnerships related to popular technologies like blockchain, data analytics, and AI, but also those related to more obscure technologies like natural language generation, Lucien Foster, head of digital partnerships at BNY, told Bank Innovation. “We We have an AI team, a blockchain […].
PYMNTS
MARCH 23, 2016
The whispers have grown to loud chatter when it comes to blockchain technology and the impact it might have on the financial services sector. The latest research from PwC found that banks are no longer taking blockchain technology as an easily ignored fad. For FIs, it’s better to be friend instead of foe with the disruptor.
PYMNTS
FEBRUARY 8, 2018
B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of cross-border trade. Three unnamed sources told Reuters that Chinese officials are opening up its large-value payment system to operate 21 hours a day, with the ability to process payments overnight.
PYMNTS
AUGUST 24, 2016
The blockchain — the underlying technology that powers the digital currency bitcoin — may be nearing its mainstream moment in the sun as four of the world’s largest banks are using it to develop a new form of digital currency. That frees up capital trapped during the process.”.
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