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Where In the World Is Fintech Innovation?

Bank Innovation

Even in fintech. It turns out nations beyond America today are increasingly generating more significant financial technology innovation, especially in artificial intelligence. Location matters. Canada is an example.

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Bank of America to Invest $500 Million in Technology to Drive Innovation and Sales

Bank Innovation

Bank of America will invest about $75 million per quarter in technology from now through the rest of 2019, the bank reported in its earnings call today.

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Midsize Banks Need To Have Technology Innovation to Stay Relevant

Bank Innovation

Banks need to update their legacy systems and modernize their technology, no surprise there. That would be 79% of operations leaders in North America banks, according to a recent report by Accenture. But just how many operational leaders at banks think their institution’s survival depends on it? That’s four out of five banks.

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SoftBank Launches New Tech Fund Focused On Latin America

PYMNTS

SoftBank, the Japan-based technology company, is rolling out a $5 billion fund that will target Latin American technology companies. According to a report in Reuters , by launching another tech-focused fund, SoftBank is increasing its ambitions in the technology market beyond its massive Vision Technology Fund.

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Bank of America Brings AI to Account Receivables

Bank Innovation

Artificial intelligence is making its way into the messy world of account receivables for those corporates processing large volumes of payments, thanks to Bank of America Merrill Lynch and fintech startup, High Radius.

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SMBs Cross The Chasm Of Accounting Innovation

PYMNTS

Small business (SMB) adoption of technology can be a process filled with growing pains and friction points, thanks to the cost and disruption associated with integrating a new technology. According to Asgeirsson and Carmichael, the companies illustrate the broader environment of innovation that the SMB accounting space enjoys today.

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Banks Still Searching for Practical Applications for Blockchain Technology

Bank Innovation

It might seem like blockchain has been all the rage among banks and fintech companies, but a recent Bank Innovation poll found that many of these companies don’t have any blockchain projects in the current pipeline of their innovation initiatives.