The top trends in retail banking innovation
Chris Skinner
OCTOBER 4, 2017
I get lots of input from many sources, and one of the ones I like is the innovation survey of banking produced annually by EFMA with Accenture.
Listen: Banks expect digital banking product delivery to see most innovation
BankInovation
JANUARY 18, 2022
In this episode of "The Buzz" podcast, hear how executives in retail digital banking are least confident in their organizations' ability to create a well-defined innovation strategy and measure the results. Over the next five years, banks expect most innovation to happen in product delivery.
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Trending Sources
The Rise Of eCommerce And Digital Banking Innovations
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OCTOBER 2, 2020
Salesforce predicts that a digital surge could strain holiday shipping. In connected vehicles, the FinTech Car IQ has teamed with Discover to accelerate automotive banking.
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Driving Innovation With Marketplaces, Gaming And Digital Banking
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And in finance, credit unions are stepping up to support individuals and companies with digital banking products and greater leniency on extending loans. In technology, Amazon has unveiled its new Luna cloud gaming offering, as it became the latest Big Tech firm to launch its collection of pre-holiday shopping selections.
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Digital Innovations In Retail, ID Verification And Banking
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In digital-first banking, the evidence of the great digital shift is not only visible anecdotally – it is seen in the data as well. And in retail, companies in the organic mattress space are running on a tri-brid business model that covers direct to consumer (D2C), third-party retail distribution and owned retail locations.
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In Brazil, Banking Customers Turn To Debit, Digital Banking
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APRIL 28, 2020
These shifts have made digital banking and debit transactions more important than ever. Indian FI Paytm launched virtual and contactless plastic debit cards to help customers circumvent using cash or having to hand over physical cards to retailers. Pandemic Puts Digital Banking in the Spotlight.
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Union Bank’s New Head of Digital Banking, Julie Demarigny, Talks Innovation
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Not even a month has passed since Julie Demarigny, a veteran in digital entertainment industry having served Warner Bros. and Sony Music, has joined West Coast focused Union Bank as its head of digital banking.
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Temenos to help US clients launch digital banks in 90 days
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The race to create a challenger bank just got more competitive with a ready-made solution from core provider Temenos that can help brands stand up a digital bank in as few as 90 days. The Switzerland-based banking technology provider launched its digital banking software-as-a-service solution in the U.S.
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Digital banks, payments startups face first major test in virus
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Temenos Sees ‘Backbone’ for Digital Banking in AI
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In preparation for the future of digital banking, Temenos, the Switzerland-based banking software provider, appears to be putting its money on artificial intelligence. The company announced this month the launch of the Centre of Excellence for Artificial Intelligence to serve as its “innovation engine.”
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Connected Vehicles And The Future Of Retail
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The future of retail is playing out in multiple places, including the open road, while voice will help capture the connected commerce frontier. In B2B payments, a series of payment innovations is promising to put an end to some common frictions. 70 percent: Share of customers born after 1980 who are willing to use digital banks.
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Majority launches digital banking products for immigrants
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Pandemic Impact Affects Singapore Digital Bank License Decisions
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Thailand strives to catch up to Asian markets on digital banking
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Thailand is laying the foundations for standalone digital banks as it strives to catch up with other Asian markets that are allowing such changes, according to its central bank governor. “At
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Fidor to Launch Third Digital Bank in Less Than a Year
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The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades. The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV.
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Two more groups submit Singapore digital banking license bids
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Two more consortiums said they submitted bids for digital banking licenses in Singapore as companies, ranging from a massage chair maker to a property giant and Chinese fintech firms, joined forces to go for the sought-after permits. Beyond Consortium, led by one of Asia’s largest massage chair makers, V3 Group Ltd.
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Around the World in Digital Banking & Fintech: Realtime Payments, Blockchain and Wearables
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Lumin Digital ’s cloud-native platform will deliver banking solutions to Interra Credit Union ’s (Interra) 50,000-plus retail and business members, the companies said in a statement on Tuesday (Oct. Interra signed a multi-year agreement with Lumin Digital and anticipates it will be on the platform by May 2021. “We
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Consortium Of Singapore Businesses Apply For Digital Banking License
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From Cash Registers To Curbside, Innovation Continues To Drive NCR’s Digital-First Journey
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And according to Doug Brown, senior vice president and general manager of digital banking at NCR , simplicity and innovation have turned what could have been a disastrous year into a transformational pivot for the better. Tackling those tougher problems to simplify things — and that’s true in banking, retail and restaurants.”.
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31) that it has kicked off the second phase of its initiative to roll out a digital-only retail bank in Africa. In a press release , Standard Chartered said that in response to demand from consumers in Africa, it will launch its digital banking business in Uganda, Tanzania, Ghana and Kenya.
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What makes the current developments so interesting and exciting is that “we're just seeing that they're at the end of the innovation growth cycle,” he explained. All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena.
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launched its Marcus digital bank in late 2016, the conventional wisdom was the investment bank wanted to expand into retail banking. EXCLUSIVE— When Goldman Sachs & Co. But, apparently, that’s not the whole story. Marcus, it seems, is an asset pricing play, Goldman’s CEO implied yesterday.
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Grab, Singtel team up on Singapore digital bank license bid
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Retail's Digital Shift, SPACs, And DoorDash's IPO Plans Top This Week's News
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Here’s how he sees the digital-first restaurant landscape shaking out. New Report: Helping Retail Treasurers Navigate The Digital D2C Shift (“How To” Playbook). Not only have retail sales shifted online, but more consumers are buying more of what they want directly from the brand. Trackers and Reports.
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The Race For Singapore’s Digital Banking Licenses
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The growing interest in digital banks
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At the same time, regulators in many countries also have relaxed regulations to encourage innovation in the banking industry. As a result, many new, all-digital financial services firms, unencumbered by older, less flexible systems are aggressively pursuing customers by addressing their needs in new and distinct ways.
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Innovation Conversations: Rockland Trust
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Digital Banking Startup Alkami Secures Series D Funding
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JULY 11, 2018
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Why Chase decided to drop digital-banking app Finn
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JUNE 6, 2019
JPMorgan Chase's millennial-friendly digital banking app Finn is shutting down, just one year after it rolled out nationally. The […].
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JANUARY 24, 2017
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JPMC Q2 Earnings Expected To Reflect Expanding Digital Innovations
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JULY 15, 2019
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Conversational AI Firm Kasisto Partners with U.A.E. Digital Bank Liv
Bank Innovation
MARCH 28, 2019
United Arab Emirates-based digital bank Liv on Wednesday launched its virtual assistant Olivia, which was built by conversational AI company Kasisto. Olivia, a play on the bank’s name Liv, can check balances and give spending insights through text and the bank’s mobile app. has 210,000 […].
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