Banking 2020

NOVEMBER 9, 2015

It’s a simple acronym—API—but it means so much to every industry. And for banking professionals in particular, it means even more. And for an industry built on the twin foundations of confidentiality and compliance, that’s one gigantic giant issue. Again, it all sounds so simple, but there’s at least one big complication.

Industry 40

Industry Compliance Data Software 40

Banking 2020

DECEMBER 3, 2015

Cash has always been the ultimate way of hiding your tracks but now the banking industry needs to start paying more attention to so-called ‘hidden payments’ that are not conducted using traditional channels, as these activities are growing at an increasing rate. The industry’s response.

Payments 40

Payments Bitcoin Regulation Mobile 40

Banking 2020

OCTOBER 28, 2014

That’s why the annual study tracking Google search trends in the banking industry, as seen in the Financial Brand , typically makes for interesting reading. Of course, the betting now is that Apple Pay, which is only just hitting the market, will play exactly this role. The newest one is no exception. That’s a good thing.

Google 86

Google ATM Trends Study 86

PYMNTS

MAY 16, 2016

The alternative lending market is showing signs of defeat against traditional bank loans, and SMEs are strengthening their demands for more than the typical solutions currently offered by traditional FIs. SMEs want banks to offer bitcoin services , suggesting the cryptocurrency may not be such a failure after all. 65% of U.K.

Fintech 108

Fintech Lending Fraud Cards 108

Banking 2020

JANUARY 20, 2016

Citizens in Finland, the US and the Netherlands have been revealed as the most prolific users of non-cash payments such as credit and debit cards, according to a report that revealed which nations are leading the way with innovations in payments. Changing consumer habits are also not limited to these markets.

US 40

US Payments National Innovation 40

Banking 2020

AUGUST 13, 2015

Stymied by the difficulties inherent in cultivating their own innovations, some institutions have taken to buying the goods—they just go about acquiring technology firms wholesale. While certain other industries can be more liberal in their experimentation, the true potential of ‘Open Banking’ is still largely unrealized.

Mobile 40

Mobile Study Florida Innovation 40

Banking 2020

NOVEMBER 9, 2015

And Asia-Pacific will be one of the major contributors to this, as both developed and emerging markets increase their use of these payments. This phenomenon, coupled with the innovation of semi-closed wallet schemes linked to bank accounts, has given a major boost to mobile payments in Asia-Pacific.” Challenges ahead?

Mobile 40

Mobile Payments Regional National 40

Banking 2020

NOVEMBER 11, 2015

Banking innovation takes many forms, but the most successful generally start by addressing a consumer need. Online banking lets people manage accounts without having to visit a branch. Online banking lets people manage accounts without having to visit a branch. But what’s driving payments innovation nowadays?

Payments 40

Payments social media ATM Innovation 40

Banking 2020

FEBRUARY 2, 2016

Regardless of how and why they hit the market, some technology-driven innovations seem to lend themselves to particular vertical markets and/or disciplines. Revolutionizing every aspect of sales and marketing in the process? There are lessons here for every industry, certainly including financial services.

Retail 40

Retail Strategy Boston Industry 40

Banking 2020

JANUARY 15, 2015

The retail banking industry has seen major changes occurring in the industry over the last few years with the adoption of mobile banking, the rise to prominence of the millennial demographic, narrowing margins, stagnant top line revenues, the future of the branch and continued regulatory changes. Omni Channel banking.

Retail 40

Retail Trends Millennials Mobile 40

Tech and Finance

APRIL 29, 2016

PWC Retail banking. In its report on Retail Banking 2020 — Evolution or Revolution, PWC optimistically ignores many of the details of its survey and concludes that banking has a great days ahead. Banks need to decide whether they want to shape the industry, become fast followers or manage defensively, the report added.

Retail 28

Retail Regional Innovation Survey 28

Tech and Finance

APRIL 29, 2016

PWC Retail banking. In its report on Retail Banking 2020 — Evolution or Revolution, PWC optimistically ignores many of the details of its survey and concludes that banking has a great days ahead. Banks need to decide whether they want to shape the industry, become fast followers or manage defensively, the report added.

Retail 28

Retail Regional Innovation Survey 28

Banking 2020

SEPTEMBER 23, 2014

Question: Community branch, personal service, mobile banking—which is the odd one out? Otherwise, the industry is in trouble. For some time now, there have been discussions about the future of community banks in the age of digital banking. Answer: None.

Community 55

Community social media Community Bank Big Data 55

Banking 2020

JANUARY 27, 2016

There was a time when a statistic like this would have aroused tremendous interest throughout the industry. This is a fickle market—after decades of brand building, we find that loyalty lasts only until the next big thing comes along. Today, it barely qualifies as a milestone. Acceptance is surely a wiser response than consternation.

Mobile 40

Mobile Branding Industry Innovation 40

Banking 2020

JANUARY 29, 2016

It’s exactly what the industry is aiming for. “This initiative is part of the innovation strategy of BNP Paribas, the bank for a changing world. Our vocation as a banker is to introduce our customers and prospects to state-of-the-art banking innovations while ensuring the security of their transaction.”

Payments 40

Payments social media Innovation Strategies ATM 40

Banking 2020

DECEMBER 11, 2015

In order to grow and maintain a business, regardless of the industry, it is important to be able to properly identify two types of customers –those who are happy and those who you are at risk of losing. Brenda Shimmons holds an MBA in Marketing and is a DI Innovation Catalyst.

Data 40

Data Analytics Analysis User Experience 40

Banking 2020

OCTOBER 2, 2015

Luvleen Sidhu, Chief Strategy and Marketing Officer at BankMobile , spoke with us recently to discuss how BankMobile is connecting with a younger audience, specifically college students, to educate and empower millennials. We have a start-up mentality and are truly dedicated to disrupting the banking industry.

Millennials 40

Millennials social media Mobile US 40

Banking 2020

FEBRUARY 10, 2015

In our industry changes happen incrementally, with legitimate concerns that too much too soon with roil the markets and cause turmoil in every other line of business. In that sense Bitcoin is just another in a long line of outside forces threatening to undermine the foundations of the banking industry.

Bitcoin 40

Bitcoin New York Apple Operations 40

Banking 2020

NOVEMBER 10, 2015

This is according to a new report by KPMG, which revealed the total number of mobile banking customers is set to hit 1.8 Therefore, coupled with any drive for mobile banking will need to be a strong authentication method through some form of biometric identification. Openness the key.

Mobile 40

Mobile social media Security Report 40

Banking 2020

JANUARY 25, 2016

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. Because it’s new and exciting, talent is flooding the market, driving the cost of production down.

Tools 40

Tools Digital Banking Software Trends 40

Banking 2020

NOVEMBER 27, 2015

That’s why digital capabilities have revolutionized every industry from retail and healthcare to banking—if the same services can be had from half a world away, and for a lower cost, why not avail of them? That’s a major advantage in this market. The whole point of the Internet is that it eliminates geographic boundaries.

Millennials 40

Millennials Survey social media Online 40

Banking 2020

OCTOBER 30, 2015

In other words, banks aren’t drawing this key demographic, and that’s a bit change. In Britain, a much smaller market than the United States, banks closed 500 branches in the last year alone. That’s more than double the number from 2013, and the damage is far from done: the market is on track for at least 650 closures in 2015.

Community 40

Community United States Survey Millennials 40

Banking 2020

JUNE 23, 2015

That core premise of mobile banking could get a big boost from the emerging wearable tech market in the next few years as more consumers embrace the convenience of at-a-glance notifications and actions. That’s still a tiny market compared to the ubiquity of smartphones. MAKING BANKING EVEN MORE PERSONAL. million units.

Apple 40

Apple Management Mobile Video 40

Banking 2020

JULY 29, 2015

Essentially an addition to the traditional EMV card system, chip and pin integration has been the most awaited innovation of 2015. Now that the industry is fully introducing chip and pin card payments, banks need to think of probable hacking protocols possible in this new system and lock the process enough to avoid a major crash.

Security 40

Security Analytics Cards Training 40

Banking 2020

OCTOBER 27, 2015

All the entertainment it brings us is fine, but there are other potential services that the market will embrace. Ultimately, the TV set is one more form factor offering a wealth of opportunities for new capabilities, just like those other devices we never thought we’d use for banking. We just don’t know what kind.yet. Any guesses?

Apple 40

Apple US Resources Software 40

Banking 2020

AUGUST 27, 2015

Damien Hugoo is a seasoned technology professional with 10 years of experience in creating, building and deploying digital software products for the financial services industry.

ATM 40

ATM User Experience Fraud UX 40

Javelin Strategy & Research

FEBRUARY 1, 2022

In the course of our ongoing market research, we find certain firms rise to the top — Javelin's scorecard reports and awards recognize these firms for their exceptional quality of product or client experience, ability to meet customer demand, or overall excellence. Its approach allows banks and credit uni. Bank and Chase close the gap.

Report 40

Report Digital Banking Fraud Mobile 40

Banking 2020

DECEMBER 9, 2015

If banks are already knee-deep in the technology business—think of all the mobile apps they develop and market, the ongoing initiatives to enhance their presence within social channels, the efforts to innovate with the networks infrastructure—what comes next? Try hardware. In fact, try a particular hardware category: phablets.

Branding 40

Branding Samsung Technology Marketing 40

Banking 2020

NOVEMBER 12, 2015

Tim Sloane, vice president at Mercator Advisory Group for Payments Innovation, believes tokens will transform payments. Tokenization will change the payments industry in interesting ways,” he says. This level of consistency eliminates data vulnerabilities at key points in the transaction, which ultimately enhances security.”.

Samsung 40

Samsung Google Cards Security 40