Accenture

JUNE 17, 2019

For banks to take full advantage of the opportunities brought by Open Banking—from monetizing data to banking-as-a-platform—to grow their business, they will need to embrace and infuse Open Banking technologies into their operations. That’s the route that a mid-sized regional US bank took. Read the report.

Customer Experience 153

Customer Experience Operations System Software 153

Abrigo

DECEMBER 17, 2021

Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. . It’s great that more financial institutions are welcoming technological innovations, but banks and credit unions must consider the long-term impact of their partnerships. Start at the Top.

Fintech 195

Fintech How To Innovation System 195

Ublocal

FEBRUARY 7, 2024

Through our UB2Go digital banking platform , we’re introducing an easy-to-use digital investment app. To kick things off, we’re sharing a series of blog posts to help you understand why investing is so important. Let’s delve into why the stock market is a great place for your money to grow.

New Hampshire 98

New Hampshire Vermont Strategy Marketing 98

Accenture

APRIL 26, 2017

Given that this trend is coinciding in with an ongoing shift by younger consumers towards more innovative channels—the likes of wearables, social media and instant messaging—it’s possible that the continued strong usage of branches is a transitory effect. Figure 5: Would you be interested in using the following banking models?[5].

Millennials 233

Millennials social media Innovation Study 233

Chris Skinner

JULY 7, 2017

Building on yesterday’s blog, Money2020 has an official Money Magazine to go with the European show, produced by Norfico. Anywho, for blog purposes, I thought I would record the final interview notes and share for those interested.

America 223

America Maine Trends Innovation 223

Chris Skinner

MARCH 27, 2018

I was quite taken by a headline in yesterday’s news where Marcus Schenck, Deutsche Bank’s Co-Head of Corporate and Investment Banking, forecast that deposit accounts might disappear in the not too distant future. appeared first on Chris Skinner's blog.

Capital 312

Capital Marketing Digital Banking Innovation 312

Chris Skinner

JANUARY 19, 2020

When The Financial Times does what they’re good at – covering financial markets and not technology – then they do produce some fascinating content. The bank’s latest results are stunning, with the fourth-quarter profit soaring to $8.52 … The post JPMorgan Chase: First Among Equals appeared first on Chris Skinner's blog.

Technology 280

Technology Marketing Case Study Study 280

FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. Previously, when the bank called customers the average response rate was 25 percent.

Fraud 52

Fraud Technology social media Innovation 52

Chris Skinner

MAY 15, 2018

I don’t blog about it much here, as it’s not appealing to the everyday person. It involves too much dialogue explaining acronyms used in investment markets and acronyms … The post Why investment banks have the digital edge appeared first on Chris Skinner's blog.

Marketing 204

Marketing Digital Banking Innovation Technology 204

Accenture

APRIL 21, 2017

European banks are in the midst of a ‘perfect storm’ of negative interest rates, regulatory pressures and market disruption, and are in search of new sources of value. Strategic growth objectives for transaction banks can be enabled using virtual cash management, allowing increased client acquisition.

Management 200

Management Innovation Taxes Marketing 200

Accenture

SEPTEMBER 22, 2019

In my frequent conversations with clients across the UK and Irish banking industry, one of today’s hottest topics is the rise of the challenger banks such as CYBG, Metro and AIB UK, and particularly the neo-challenger banks providing digital-only services, like Monzo, Atom and Starling. Why are they doing so well?

Innovation 150

Innovation Metro Apple Marketing 150

Chris Skinner

MARCH 28, 2018

I was reading about banks being average to poor at marketing, and wondered about it. Banks’ advertising generally is about either being cool or in love with you. Here are a few examples from British banks. appeared first on Chris Skinner's blog.

Examples 234

Examples Marketing Case Study Study 234

CFPB Monitor

NOVEMBER 7, 2022

In its brief press release on October 27, 2022, the OCC announced the Office of Financial Technology, to be launched in early 2023, will incorporate the agency’s Office of Innovation, and is intended to provide “strategic leadership, vision, and perspective” for the OCC’s financial technology activities and related supervision.

Financial Technology 78

Financial Technology Technology Fintech Innovation 78

Chris Skinner

JULY 21, 2017

Really easy to work with, the company is the chosen system for many other innovative companies including Kickstarter and Apple Pay, and valued at almost $10 billion by the end of 2016. These companies include firms like Stripe, a six-year-old start-up that is the preferred code for building online checkout services.

Fintech 361

Fintech System Apple Technology 361

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. Auto-financing is ripe for innovation. Listening to banks and realized that they don’t have sentiments of their customers to create insights and they were not looking forward. Built a solution called Customer Insight for banking.

social media 40

social media ATM Mobile Customer Experience 40

Banking 2020

MAY 12, 2015

A blog like this may not seem like the forum to talk about undertaking an Olympic triathlon, but it actually makes perfect sense. Specifically, it taught me about customer empathy and experimentation as two good tools to use in innovation. It builds on innovation and engages the member more effectively. But it worked.

Innovation 40

Innovation Digital Banking Survey Exercises 40

Chris Skinner

NOVEMBER 28, 2016

I blogged the other day about too many banks and that there’s not a big enough market for forty of them here in Britain. We talk about digital, apps, mobile and more, and yet the average customer … are they bothered? appeared first on Chris Skinner's blog. appeared first on Chris Skinner's blog.

Retail 150

Retail Mobile Marketing Digital Banking 150

Accenture

NOVEMBER 27, 2017

Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models. Market infrastructure renewal.

Innovation 171

Innovation Conference Fintech blockchain 171

Insights on Business

SEPTEMBER 18, 2016

Many banks are concerned that PSD2 is a cost center that will compromise client relationships and security. Setting the stage for open banking, PSD2 is meant to promote innovation, where new business models emerge and leaders are born. See my previous API blogs.) Paving the Road Ahead.

Marketing 70

Marketing Payments Compliance Security 70

Chris Skinner

SEPTEMBER 15, 2016

Market stall holders gather to meet with prospective clients, and the digital version of the marketplace is the focal point for many FinTech … The post The Banking Bazaar and the Bizarre Banker appeared first on Chris Skinner's blog. Lending marketplaces, credit marketplaces, payments marketplaces and more.

Lending 150

Lending Meeting Fintech Marketing 150

Celent Banking

DECEMBER 1, 2014

Kudos to TD for taking a leap here in an effort to innovate and try something new. The Canadian mobile landscape has been pretty quiet, with the most recent “innovation” being the launch of mobile remote deposit capture by some of the banks. The viability of a digital only bank is questionable.

User Experience 173

User Experience Mobile Innovation United States 173

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Digital banks. Digital Banks.

Fintech 183

Fintech blockchain Lending Digital Banking 183

Chris Skinner

JUNE 15, 2017

I heard this for the first time this week, and the idea is to catch trending news via what people are saying before the markets catch the trend. By the time the market knew there was an issue, it had been debated online for days. The example used was the issues with the Samsung smartphone when launched.

System 268

System Data Analytics Trends 268

Accenture

MARCH 23, 2017

I wanted to follow on from my previous blog around the emergence of RegTech (technologies that address the challenge and cost of regulatory compliance.) It’s relevant not just in banking, but capital markets, wealth management and insurance. Lessons can be learnt from how banks partnered with Fintechs. Watch this space!

Regulation 150

Regulation Industry Trends Compliance 150

Accenture

MARCH 23, 2017

I wanted to follow on from my previous blog around the emergence of RegTech (technologies that address the challenge and cost of regulatory compliance.) It’s relevant not just in banking, but capital markets, wealth management and insurance. Lessons can be learnt from how banks partnered with Fintechs. Watch this space!

Regulation 150

Regulation Industry Trends Compliance 150

Gonzobanker

DECEMBER 22, 2020

Bank Deal of the Year PNC nabs BBVA USA – paying 1.3 This is a classic bank deal – one acronym buys another at a good price and plans to cut the hell out of cost while adding markets. Jill is continually demonstrating just how loud a $300 million community bank can roar! John Beale , longtime CIO of City National Bank.

Idaho 174

Idaho Community Industry Strategy 174

William Mills

JULY 5, 2017

From omni-channel digital banking and multifactor authentication to voice-enabled technology and machine learning, innovation is now inevitable. appeared first on Financial PR and Marketing Agency & Financial Public Relations. Three key PR strategies to implement so you don’t get lost in the shuffle.

Leadership 46

Leadership Resources Strategy Digital Banking 46

Cisco

OCTOBER 19, 2020

The dramatic change of habit in the behavior of banking customers, digital natives or not, has brought adoption of digital payment methods and new interaction channels. Various regulations, PIX, Open Banking and hundreds of innovations are completely changing the rules of the game in this industry.

User Experience 71

User Experience America Security Digital Banking 71

PYMNTS

SEPTEMBER 16, 2020

PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market entrants to rival incumbents in the small business banking arena. Faster Payments and BACS schemes. Eedenbul Secures PSD2 License.

Taxes 141

Taxes Fintech Payments Security 141

PYMNTS

AUGUST 18, 2017

We have been focused on growth instead of innovation,” wrote Josh Reich, Simple ‘s chief executive officer and co-founder, in a blog post cited by the news report. “We have been acting like a bank instead of a technology company. And that changes today.”

Oregon 109

Oregon Portland Online Technology 109

PYMNTS

SEPTEMBER 21, 2016

According to a recent blog post from Nadia Benaissa, a marketing manager at CR2, smart home devices seem to be taking the lead in the battle for attention in the voice-activated banking space. But which devices are consumers actually using — smartphones or smart home devices?

Mobile 100

Mobile America Marketing Examples 100

Chris Skinner

MARCH 27, 2017

Neobanks don’t need to be “real banks” to compete in banking As Chris wrote in his “57 banks” post, the neobank market is overcrowded, and many won’t survive. What are all these banks (or banks to be) trying to achieve? An exit to an incumbent bank? That’s the harsh, but simple truth.

User Experience 150

User Experience Technology Compliance Fintech 150

Cisco

MARCH 26, 2021

The last year has brought change and innovation. What constitutes a next-generation bank branch and how can one be implemented? Digital banking transformation is the number one priority for financial services institutions through 2021, and Cisco is ready to make that priority a reality.

Customer Experience 71

Customer Experience Retail Operations Security 71

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. billion globally in 2021 – banks and credit unions are losing their status as the primary financial services providers to American consumers. This has provided neobanks with substantial competitive differentiation in the market, considering that U.S.

Fintech 52

Fintech Millennials Lending Tools 52

Insights on Business

OCTOBER 17, 2018

Starting now and running through the event, I will update and revise this blog several times a day with news, announcements, videos, and blogs live from the floor at Sibos. I will be removing them from this blog in a few days as they will fill up quickly and the invitation will no longer be available. IBM Annual Client Event.

blockchain 110

blockchain Video Compliance Meeting 110

PYMNTS

SEPTEMBER 27, 2019

This week, two massive deals landed with B2B payments innovators at Fundbox and Tipalti, but they were far from the only players to have secured new funding. digital bank Mercury announced $20 million in Series A funding in a blog post. Developed as an online bank for startups, Mercy launched in April of this year.

Payments 149

Payments Capital Taxes Lending 149

Accenture

OCTOBER 3, 2017

But much of it originated from the group of voracious digital competitors circling banks’ traditional territory. The drive towards open banking gives them a direct line into a potentially lucrative market. The post The open banking opportunity appeared first on Accenture Banking Blog.

social media 151

social media Millennials Online Fraud 151