Bank Innovation

FEBRUARY 21, 2018

British bank Lloyds has put aside £3 billion ($4.1 billion) for digital development and growth, the bank announced today. The investment will be spread out over three years, allowing the bank to expand its technologies in order to compete with the increasing number of fintechs and digital banking providers.

Digital Strategies 270

Digital Strategies Strategy Digital Banking Fintech 270

Chris Skinner

MARCH 26, 2018

I’ve been flying around a bit and was lucky enough to find myself onstage the other day, chairing the Ant Financial Technology Forum at Money20/20 Singapore.

Strategy 290

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PYMNTS

DECEMBER 13, 2019

These challenger banks are now competing with an emerging group of financial startups, which are coming armed with innovative technologies and specialized products of their own. Both legacy banks and established challengers must, therefore, revamp their approaches to keep up. Around The Digital Banking World.

Strategy 132

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PYMNTS

AUGUST 3, 2020

“We are thrilled to be collaborating with Google to offer our student customers enhanced digital bank accounts,” Luvleen Sidhu , BankMobile’s co-founder and CEO, said on Monday (Aug. 3) in announcing the bank’s agreement with Google. .

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PYMNTS

OCTOBER 11, 2019

In restaurant technology, cloud kitchens have emerged as a new model driven by the rise of online ordering. And, in digital banking, banks are innovating with their strategies for fraud protection and anti-money laundering (AML). 50 percent: Share of Swiss consumers who currently bank online.

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PYMNTS

OCTOBER 11, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. AML Strategies and Innovation Quirks.

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BankInovation

NOVEMBER 24, 2021

Banks should look to expand their product portfolios and incorporate more services such as payments while embracing new technology, including blockchain, to increase customer retention.

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PYMNTS

JANUARY 7, 2021

This week's look at the latest in partnerships finds players in the SMB financial services landscape embracing a range of avenues to collaboration — including mergers and acquisitions (M&A) — to connect SMBs to financing, digital banking services and more. Lloyds Pilots Satago Technology. Orange Bank Acquires Anytime. "By

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Bank Innovation

MARCH 29, 2019

Digital bank TymeBank and conversational banking technology provider Finn AI have teamed up to bring a low-cost, AI-powered experience to underserved consumers as well as small and micro businesses in emerging markets.

Digital Strategies 186

Digital Strategies Strategy Digital Banking Technology 186

The Financial Brand

MARCH 3, 2021

Many banking providers are so focused on digital strategy and new technologies that they ignore how their people fit into the puzzle. The post Digital Culture: The Missing Piece in Digital Banking Strategies appeared first on The Financial Brand.

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PYMNTS

SEPTEMBER 4, 2019

Global digital banking firm i2c Inc. With passion and dedication to creating an exceptional client experience from all team members, i2c will continue to advance its leadership position by providing unrivaled digital banking and payments solutions around the globe,” he added.

Leadership 129

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Insights on Business

APRIL 28, 2017

Traditionally, banking was a conservative industry with relatively high barriers to entry. Banking products and services were defined and controlled by the bank. At the same time, regulators in many countries also have relaxed regulations to encourage innovation in the banking industry.

Digital Banking 171

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PYMNTS

JUNE 1, 2020

These banks must also make sure they are providing the tools that primarily digital customers need to complete their personal banking needs. Why WSFS Bank Is Relying On QR Codes, Mobile Mess aging To Enhance Customer Loyalty. Creating that support can engineer robust customer loyalty among bank users, she said.

Digital Banking 136

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Gonzobanker

JANUARY 4, 2023

Back in the day, when I was the CIO of a bank, we had a Technology Plan. It was a single document that had every aspect of the bank’s technology goals for the year – hardware, software, vendors, projects (all led by information technology, or IT, by the way) – the entire bank IT budget. digital banking).

Technology 78

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PYMNTS

NOVEMBER 8, 2019

Bottomline Technologies reported fiscal first-quarter results that showed continued traction in areas of digital banking and accounts payable (AP) technologies. Management also noted that digital banking subscription revenue growth slightly outpaced the top line at 17 percent, where subscription revenues were $18.4

Digital Banking 108

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PYMNTS

JULY 1, 2020

So, many of the investments that we made early on in the company – and really our company strategy – paid off and were validated.”. Validated but challenged, he noted, as the lay of the land began to massively pivot toward digital services. CO-OP is also pushing into technology that combines contactless cards with ATMs or ITMs.

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ATM Digital Banking Data Video 250

PYMNTS

JANUARY 10, 2018

Alkami Technology , a startup providing banks and credit unions with digital banking technologies, has announced new funding. In an era of digital transformation , our clients, who consist of credit unions and banks in the U.S., The firm said Tuesday (Jan.

Digital Banking 108

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PYMNTS

APRIL 24, 2020

Banks are altering their customer interaction approaches to take precautions against further spreading COVID-19 while maintaining sound customer service practices. Exploring why banks need to implement these tools is critical as these technologies could them keep their customers satisfied and able to financially weather the pandemic.

Technology 248

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PYMNTS

NOVEMBER 14, 2019

This means a more complex anti-money laundering (AML) and know your customer (KYC) compliance strategy. Digital Banking, Digital Onboarding. Earlier this year, Freelancer.com CEO Matt Barrie spoke with PYMNTS about video identity verification, a tactic useful for service providers beyond the banking world.

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Digital Banking Video Strategy Tools 147

PYMNTS

OCTOBER 14, 2019

The continued globalization of digital banking is another issue, enabling quick money movement that can be used by legitimate businesses as well as cybercriminals. FIs need AML strategies that can respond to these larger trends while maintaining quick service for businesses and consumers. Bad actors also tend to use the U.S.

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Strategy Fraud Innovation Regulation 109

FICO

JANUARY 11, 2022

Last year we published a highly successful The 11 Commandments of Digital Banking eBook that introduced the 11 commandments: Digital lift-and-shift is not a strategy! Be fascinated by your customers, not your technology. Digital Lift-and-Shift Is Not a Digital Banking Strategy.

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PYMNTS

JANUARY 26, 2021

Even before the pandemic, shifting consumer preferences were becoming apparent in the digital space, with more consumers adopting online banking, downloading payments apps and changing the ways in which they interact with their financial institutions.

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PYMNTS

JUNE 17, 2020

In an interview with Karen Webster, Adrian Nazari , CEO of Credit Sesame, and Miro Pavletic , CEO of STACK, said the deal — of which financial terms were not disclosed — is based on the integration of smart banking underpinned with advanced technologies and credit management to create a financially strong consumer and savvy user of credit.

Digital Banking 143

Digital Banking Management Cards Survey 143

BankInovation

JANUARY 19, 2021

When Bank Innovation was launched back in 2009, our goal was to show banking executives how a digitized bank could make a traditional bank better, how a technology-driven strategy could transform satisfaction levels that had at the time — this was during the credit crisis — plunged to all-time lows.

Technology 98

Technology Strategy Digital Banking Innovation 98

Perficient

OCTOBER 19, 2020

Financial institutions must understand the new journey customers and colleagues have embraced in 2020 and begin to change their strategy from FI-focused to customer-focused for both the front and back office. The contact center must support: Appointment scheduling, coupled with the use of call-back technology.

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PYMNTS

JULY 28, 2020

The debate about cloud technology’s place in the banking industry has moved beyond whether such platforms can safely transfer and store sensitive financial information. Cloud-based banking technology can help FIs keep up with digitally savvy customers, but banks must realize that no single tool is sufficient to meet their needs.

Technology 140

Technology Innovation ATM Security 140

Bank Innovation

JANUARY 6, 2020

Singapore has received “strong interest” in its effort to open up the banking industry to fresh competition after 21 groups made bids for digital licenses, the financial regulator said.

Digital Banking 221

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PYMNTS

JANUARY 31, 2019

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.

Digital Banking 108

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PYMNTS

OCTOBER 7, 2016

Technology has brought transparency and speed to financial interactions, including those between banks and their customers. But must everything be at arm’s length, a technology-enabled hit-and-run where banking is ruled by apps and apps alone?

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Digital Banking social media User Experience Technology 193

PYMNTS

MARCH 22, 2018

But even as more consumers use mobile and online banking apps than ever before, they are frustrated by the experience when they log on, and still prefer visiting a bank branch for more involved transactions. . Around the Digital Banking World. It’s an ambitious plan, as the U.K. billion in investment last year. .

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Digital Banking Report Mobile Online 152

PYMNTS

JUNE 3, 2020

FIs must therefore prepare for a future in which banking preferences and strategies depart from tradition and customer interactions must be re-imagined from a digital perspective. Confronting Digital Banking Reality. The nation’s banks have worked to keep up with this trend.

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Digital Banking Mobile Tools Online 131

PYMNTS

AUGUST 22, 2019

Banks are not just competing for customer engagement and retention — they are also vying for funding and resources as they overhaul their infrastructure and banking tools. The latest Digital Banking Tracker examines how legacy institutions stay competitive with challenger banks. Competition Can Lead to Innovation.

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Digital Banking Mobile Study Data 166

ABA Community Banking

SEPTEMBER 16, 2020

Five strategies for community and midsize banks weighing “what next?” The post A Core Transformation Strategy Session appeared first on ABA Banking Journal. for their core processing needs.

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BankInovation

MARCH 28, 2022

Banks must shift their talent strategy from retention to productivity as the financial services industry struggles to keep up with demand for technology-focused employees.

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Banking Exchange

JUNE 30, 2019

The banking sector has caught “digital transformation fever” Technology Mobile Online Tech Management Feature3 Fintech Feature CSuite.

Mobile 79

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PYMNTS

JULY 20, 2017

New players on the digital banking scene are hoping to change the game by looking to industries that are categorically unlike banks for inspiration. Over the past few years, dozens of so-called digital-only “challenger” banks have emerged on the financial scene, ready to compete with larger more traditional banks.

Digital Banking 128

Digital Banking Video Mobile Survey 128

CFPB Monitor

NOVEMBER 7, 2022

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

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Financial Technology Technology Fintech Innovation 78