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This Week’s Reads: Digital Banking, Innovation and Payments

Banking 2020

Reality checks for community banks switching to a digital model: There is a lot of talk about digital banking however, not all digital banking falls under the same umbrella. Articles via The Financial Brand, Business Insider, Mobile Payments Today. What have you been reading?

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Community Service with the Personal Touch

Banking 2020

Question: Community branch, personal service, mobile banking—which is the odd one out? For some time now, there have been discussions about the future of community banks in the age of digital banking. By contrast, the very idea of digital communication seems cold and distant and impersonal.

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China key to banking and payments innovation

Banking 2020

Financial services organisations in China are expected to shine a light for the rest of the world when it comes to innovation in the banking sector in the coming years, with the primary drivers being non-traditional companies that are looking to develop new payment solutions and platforms. A transformed environment. ”

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Bringing digital banking tools into the 21st Century

Banking 2020

A product is often built with the latest and greatest software stack, but as time passes, the community for that stack tends to decay as bigger and better stacks make their way into the market. Many banks are starting to catch on to new software trends, going so far as to acquire their own cutting-edge design agencies and bring them in-house.

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Punching above its weight: Small N.J. bank uses tech to take on big rivals

American Banker

David Howard's leadership of the OceanFirst digital strategy and innovation team that has developed a robo adviser, an Alexa skill and other cutting-edge tools earned him recognition as one of American Banker's digital bankers of the year.

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The Mobile Money Revolution: Transforming Lives

Banking 2020

However, the charity argues that digital banking will transform lives over the next 15 years and the key to this will be mobile. People can already store money digitally on their phones and use them to make purchases. “By Of course hurdles remain; the mobile banking revolution won’t just happen by itself.

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‘There will be hundreds of fintech failures’

American Banker

Jane Gladstone, new president of Promontory Interfinancial Network, says the recession will accelerate the shakeout among the nonbank disruptors and that small banks have an opportunity to forge new bonds with the survivors.

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