PYMNTS

AUGUST 29, 2019

Small businesses have historically been deemed as unprofitable by major banks, with FIs’ innovation efforts often prioritizing consumer products, followed by commercial banking offerings. The initiative has been met with resistance, however, and many FinTechs continue to rely on bank collaboration in order to launch their U.S.

Fintech 173

Fintech Innovation Lending Digital Banking 173

PYMNTS

JANUARY 11, 2021

Storonsky said Revolut wants to develop “many more innovative products” that will advance “innovation and competition” across the financial services sector. Revolut was granted a European Union banking license in Lithuania in December 2018 and has begun operations in central Europe. billion valuation.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

CB Insights

MAY 15, 2019

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.

Innovation 78

Innovation blockchain Technology Groups 78

PYMNTS

NOVEMBER 29, 2017

According to the forthcoming digital bank-and-brokerage service combo’s co-founder and CEO, Stephane Lintner, the firm is launching a model that reimagines security in the digital age. million in Series A funding for its bank, which is slated to be offered in beta in early 2018. The future for banking?

Digital Banking 108

Digital Banking Trends Security Regulation 108

PYMNTS

JANUARY 20, 2021

million in 2018 to roughly 6 billion in 2020. Cumulative call volumes have reached more than 7 billion, while open banking payments have risen to more than four million transactions in 2020, up significantly from 320,000 in 2018. Open Banking In The States . API call volume, according to the data, have increased from 66.8

Data 188

Data Innovation Fintech Regulation 188

Bank Innovation

JANUARY 29, 2019

Umpqua Bank’s strategic plan to boost profitability and simplify operations by 2020, called NextGen, appears to be performing above expectations, according to the bank’s fourth-quarter earnings for 2018. based bank realized $16 million of a $24 million-to-$36 million target range for annual cost reductions.

Strategy 170

Strategy Operations Online Digital Banking 170

PYMNTS

NOVEMBER 23, 2020

While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them. This approach can be compelling for employers that need to quickly solve problems to grow their workforces and operations worldwide.”. based organizations, 41.2 percent compensated workers in just one.

System 165

System Management Tools Cards 165

Bank Innovation

FEBRUARY 4, 2019

BBVA’s new Group CEO Onur Genç could barely get through a sentence during the bank's fourth-quarter earnings call without saying the word "digital."

Groups 170

Groups Operations Digital Banking Cards 170

PYMNTS

JUNE 13, 2019

Fighting bad actors is particularly challenging for those in the banking industry, which lost more than $31 billion to fraud in 2018 and is projected to lose even more as cybercriminals become more sophisticated. The bank implemented a data-based fraud detection initiative in 2018 to help combat this problem with false positives.

Fraud 128

Fraud Analytics New Jersey Data 128

PYMNTS

JULY 27, 2020

.’s open banking framework have grown more diverse since its launch in 2018, the initial excitement behind the regulatory initiative was its opportunity to lower barriers to market entry for new FinTechs, and to augment competition in the financial services world. Biggest Hurdles. ” Proliferating Market.

Compliance 185

Compliance Fintech Taxes Innovation 185

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. percent innovating to improve business analytics.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

MAY 10, 2018

Capital is the lifeblood of economies, and of the companies (and yes, of course, individuals) that collectively make things and provide services … and in the age of FinTech, the capital comes digitally and across innovative channels. At the same time, their fundamental view of credit is consistent with the bank’s philosophy.”

Capital 122

Capital Fintech Kansas United States 122

CB Insights

MARCH 8, 2018

Digital banking startups — or challenger banks — have gained traction over the past few years by bringing retail banking services mobile. Banks in Fintech: what’s ahead in 2018. Join us for data-driven look at how major banks are approaching fintech investments and taking on insurgents.

Retail 78

Retail Digital Banking Fintech Regulation 78

PYMNTS

JANUARY 29, 2019

The Union of Arab Banks (UAB) has said in a study that such a movement would change the way Arab banks provide financial services. . As pertains to Egypt banks, e-Cards (and, in tandem, electronic payments) have swelled to more than 30 million cards as of June 2018, as estimated by the country’s central bank.

Fintech 145

Fintech Cards System Groups 145

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. as they upgrade their online data and financial rules to support global digital banking innovations.

Regulation 160

Regulation Policies Data Compliance 160

William Mills

MAY 9, 2018

Welcome to FinovateSpring 2018. How they describe their product/innovation: Project Finance is a personal finance application that shows users the future of their finances based on all the choices and decisions they’re making today. Grounding your organization’s digital transformation in people, processes, and technology is critical.

Security 40

Security Samsung Strategy San Jose 40

PYMNTS

AUGUST 28, 2020

How One Cloud-Native Business Bank Overcame Its Cloud-Migration Roadblocks (Digital Banks And The Power of The Cloud Tracker). Even cloud-native banks can struggle to roll out solutions with the speed that customers need. Six in 10 consumers are shopping more online and less in stores than they did before the pandemic.

Retail 208

Retail Los Angeles San Francisco Online 208

PYMNTS

NOVEMBER 9, 2020

there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom. Access for the consumer though means access to that far-flung data is paramount for the banks and third parties.

Fintech 285

Fintech Data Regulation Innovation 285

PYMNTS

DECEMBER 19, 2019

At Garanti BBVA, we continue to implement innovations to make our customers’ lives easier,” said Didem Dinçer Ba?er, A financial services company based in Istanbul, Turkey, Garanti BBVA was established in 1946 and is Turkey’s second-largest private bank with consolidated assets of nearly $84.3 billion as of June 30, 2018.

Mobile 131

Mobile Meeting Management Innovation 131

CB Insights

JUNE 7, 2021

Marqeta operates on a usage-based business model, meaning that the more customers use its card-issuing technology, the more money it earns. Creating a modern payments ecosystem in an industry that’s been slow to innovate . Digital banks : Square uses Marqeta for its cash app and merchant debit card. . Source: Marqeta S-1.

Cards 73

Cards Innovation Payments Fintech 73

PYMNTS

APRIL 4, 2019

So it is with financial services – and so it is, specifically, with innovation within financial services. After all, ready or not, demand comes for faster payments, for easier onboarding, for digital wallets and security, above all else. The study found the portion of FIs that completed innovations early in 2018 stood at 26.7

Innovation 119

Innovation Fintech Survey Customer Experience 119

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.

Innovation 171

Innovation Conference Fintech blockchain 171

Bank Innovation

JANUARY 15, 2019

Citigroup CEO Michael Corbat touted roughly $200 million in cost savings the bank found in 2018 by going digital and taking on other related initiatives. Corbat said the bank will potentially reap $500 million to $600 million in incremental savings each of the next two years. It seems $200 million is only the beginning.

Technology 186

Technology Operations Digital Banking Cards 186

Cisco

MARCH 26, 2021

The last year has brought change and innovation. Customers are also needing to drive operational efficiencies in their security approach. Financial institutions are working diligently to capture the opportunity to deliver a better customer experience with greater convenience and operational efficiency.

Customer Experience 71

Customer Experience Retail Operations Security 71

FICO

JANUARY 9, 2019

As advanced analytics permeated nearly every industry in 2018, FICO’s thought leaders continued to push it into new areas. Currently, though, only about 20% of financial institutions are delivering more than basic personalization [Digital Banking Report/Everage]; clearly, there is still a significant gap to fill.

Analytics 40

Analytics Fraud Training Data 40

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. Today, 22 of those companies have become unicorns, 17 have exited, and none have shuttered operations. Click to enlarge. . Phone number.

Fintech 80

Fintech US Lending Cards 80

PYMNTS

MAY 30, 2018

For instance, PagSeguro — a Brazil-based provider of digital payment services — reported a 107 percent year-over-year revenue increase this week for the first quarter of 2018, beating analyst expectations and the impact of a labor strike. As far as innovation goes, “FinTech is the most developed,” Monteiro said. “One

America 109

America Regional Mobile Pennsylvania 109

PYMNTS

OCTOBER 22, 2019

The conversation happened at a time of big change for legacy financial institutions, given the payment innovation and aid to upstart challengers coming from PSD2, the ongoing consumer move to mobile-focused financial services and other factors. Those operations manage and own 50 percent of [U.S. However, that’s only part of it.

Community Bank 116

Community Bank Community Operations Leadership 116

Gonzobanker

FEBRUARY 3, 2020

Three cheers for the energy and innovation that cloud vendors are bringing to financial services contact centers. In 2018 I predicted. There are a variety of contributing factors, but the bottom line was a total lack of innovation and stagnant capabilities available to bank and credit union contact centers.

System 78

System Innovation User Experience Technology 78

PYMNTS

OCTOBER 29, 2018

The day after Halloween marks the 60-day sprint to the end of the year – a year in which the pace of innovation has accelerated materially. The shifts associated with that innovation are beginning to take root, and those impacts are beginning to be felt. million such pieces. billion monthly active users – that keeps on growing.

Payments 196

Payments Google Apple Innovation 196

Gonzobanker

DECEMBER 22, 2020

During a busy year we saw Jill supporting her local community, blogging with Mark Cuban, spinning up new PPP technology and innovating with things like curbside banking. Jill is continually demonstrating just how loud a $300 million community bank can roar! John Beale , longtime CIO of City National Bank.

Idaho 172

Idaho Community Industry Strategy 172

Insights on Business

JUNE 28, 2018

Banks operating on legacy architecture will find it increasingly difficult to compete in an API-driven business environment, says Hans Tesselaar, executive director at BIAN. APIs and PSD2 however, will continue to dominate the banking agenda this year and beyond. A time for change.

System 130

System Innovation Industry Technology 130

Insights on Business

OCTOBER 17, 2018

Ten speakers on stage at Sibos 2018. Come join us to discuss ways to innovate the payments landscape. While you are there, explore how IBM LinuxONE and Temenos work together to provide a “one-stop-shop” for modernizing core banking systems. Lower risk and improved operational model for running T24 at scale.

blockchain 110

blockchain Video Compliance Meeting 110

CB Insights

AUGUST 26, 2021

Many of SoftBank’s portfolio companies operate across a variety of different industries. SoftBank has also backed a number of other crypto-focused vendors, including investment firm Hashdex , Brazil-based exchange Mercado Bitcoin , and digital asset wallet O3 Labs. Digital banking. Retail & consumer. First name.

Regional 94

Regional Fintech Analysis Company 94

PYMNTS

JULY 16, 2018

Under Armor revealed in early 2018 that it suffered one of the biggest hacks in history after data from 150 million users of its MyFitnessPal diet and fitness app was compromised in February. Citizens Rolls Out Digital Bank. The Citizen Access digital bank will also be marketed separately from Citizens’ current branch footprint.

Cards 100

Cards Data Digital Banking Retail 100

CB Insights

FEBRUARY 13, 2020

As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. A decade of online payments innovation. Sigma aims to streamline business operations. A decade of online payments innovation. TABLE OF CONTENTS. PayPal and Square emerge as leaders in the payments space.

Online 98

Online Company Retail Payments 98

PYMNTS

JUNE 1, 2020

APIs come with both benefits and challenges, however, and their usage rate is not evenly spread throughout the world’s banking markets. The following Deep Dive examines how APIs drive banks’ digital innovations, the difficulties FIs face in implementing them, and why the U.S. Benefits of APIs.

Data 146

Data Fintech Security ATM 146