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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

For inspiration in banking innovation, we often look to other industries. Honkook Kim and his Gentle Monster Brand is a perfect example. With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank.

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37 Corporate Innovation Labs In Finance

CB Insights

One popular approach: in-house financial innovation labs. We’ve created a list of finance innovation labs from some of the biggest names in the industry, as well as from newcomers looking to make a name through tech. We’ve written about corporate innovation theater before — and how sometimes corporate innovation goes wrong.

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How The Gig Economy Has Evolved Over The Last Decade

PYMNTS

Uber , Lyft , Fiverr , Airbnb , Postmates were the early names in the game, all founded between 2009 and 2011. At first, there were all kinds of things, and some of them were kind of silly — people who offered to sing ‘ Happy Birthday ’ for $5,” Fiverr’s Global Head of Community Brent Messenger told Karen Webster in an interview in 2017.

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Mastercard Continues B2B Focus In Middle East

PYMNTS

Innovation plays a key role in driving inclusion in the market, and access to convenient solutions such as payroll cards will give more communities access to the formal financial sector.” ” Doha Bank and Mastercard have worked together in the past, launching a co-branded credit card in 2011.

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Data Dive, Go Big Edition: Apple, Amazon And CloudKitchens

PYMNTS

Early accounts seem to indicate that the just-launched Apple -branded credit card is finding its way into customers’ hands, and into heavy use. The fee-free card is Goldman Sachs’ latest inroad into the retail consumer business after establishing its online Marcus brand in 2016, which makes unsecured personal loans.

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Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week

PYMNTS

Data assembled by ShopperTrak and published by The Wall Street Journal in January of 2014 only quantified the steepness of that decline — starting as early as 2011. But for a retail community that still seems to find great solace in the fact that 84 percent of retail sales still happen in-store, it’s certainly worth repeating.

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Bankers and Strategic Bets. A Slow Embrace.

Jeff For Banks

That's what I thought about while reading a recent Financial Brand post about Innovation in Banking: Killer Ideas? Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? When I wrote that post in January 2011 there were 7,700 FDIC insured financial institutions. or Idea Killers? A 26% decline.

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