Banking 2020

JANUARY 8, 2015

Banks have one of the largest IT budgets of any industry, but what exactly are organizations getting for the money? Powering innovation starts with transforming technology and its use. And when it comes to who has the most to gain, not every industry is the same. Voices digital banking IT IT budget technology'

Technology 40

Technology Software Operations Innovation 40

Banking 2020

OCTOBER 22, 2014

The Banking.com staff recently connected with Alex Trombetta, Vice President of Digital Check ‘s international division, to discuss a recent study they released on ultraviolet check security and technology. Can you give a brief overview of the current state of UV validation technology? Unfortunately, in the U.S.,

Technology 57

Technology Fraud Security Study 57

Banking 2020

FEBRUARY 9, 2016

As mobile banking continues to experience hyper consumer growth, the financial services industry is trying to adapt, and ultimately determine how mobile fits into banking’s big picture. Mobile creates a myriad of opportunities to revolutionize banking. alone will be using mobile banking.

Mobile 40

Mobile Industry Millennials Survey 40

Banking 2020

JANUARY 28, 2016

It’s a question that’s beginning to be asked as the explosion of new technology in the payments industry means consumers and businesses are left with an endless stream of channels to use. Are there too many ways to pay? In this crowded environment it’s hard to get your voice heard and it’s no surprise there are some casualties.

Industry 40

Industry Payments System Online 40

Javelin Strategy & Research

FEBRUARY 1, 2022

Its approach allows banks and credit uni. 2022 Cyber-Trust in Banking Scorecard Javelin Report Date: September 27, 2022 Authors: Suzanne Sando , Alexander Franks Research Topic(s): Cybersecurity , Fraud & Security For consumers to trust their financial institutions, their expectations need to be met and exceeded. The report me.

Report 40

Report Digital Banking Fraud Mobile 40

Banking 2020

JANUARY 21, 2016

New technologies and the growing number of mobile devices have prompted banking institutions to rethink their traditional way of doing business. But just because the technology is available, does it mean we should use it? Bank, “ The Balancing Act: U.S. For banks, this will soon be a major differentiator.

Survey 40

Survey Innovation Technology Industry 40

Banking 2020

FEBRUARY 3, 2016

The convergence of operations technology and information technology presents new and expanding market opportunities. Business-to-business transactions could generate $5 trillion in additional global GDP as energy, manufacturing, agriculture and real estate industries incorporate IoT technologies.

Leadership 40

Leadership Industry Software Operations 40

Banking 2020

NOVEMBER 30, 2015

Banking institutions must engage with emerging financial technology (FinTech) companies or risk being left behind by an industry that is currently undergoing one of the largest transformations ever seen. Key reasons for this include innovations in the technology industry that offer significant opportunities to financial firms.

Fintech 40

Fintech Innovation Industry Meeting 40

Banking 2020

FEBRUARY 8, 2016

That’s the provocative thesis laid out in “Modular Financial Services: The New Shape of The Industry,” a new report from consulting conglomerate Oliver Wyman. Of course, it’s all driven by technology. Building on the premise that the industry currently generates $5.7 So what comes next for industry players?

Industry 40

Industry Study Regulation Comparison 40

Banking 2020

JANUARY 26, 2015

Today, consumers interact with their banks via their smartphones, computers and other devices. Value of human touch: While technological developments such as digital banking bring conveniences to the lives of consumers, we often forget to realize the value of human contact. What have you been reading?

Customer Experience 40

Customer Experience Innovation Digital Banking Mobile 40

Banking 2020

FEBRUARY 26, 2015

In light of this, here are some predictions for how 2015 will play out in the payment solutions industry with a special focus on EMV Migration: 1. 2015 will be the year for EMV technology to become an industry standard in the U.S: Being EMV ready will become a strong competitive advantage in the payment systems market.

Payments 40

Payments Bitcoin Mobile System 40

Banking 2020

DECEMBER 22, 2014

The same response accompanied ads for doctors and lawyers, and there are still industry guidelines in place for what’s acceptable promotions in place for these honorable professions. It might sound lofty, but the truth is that seeing mobile shift purely in terms of technology is a mistake—it’s more about utility, behavior and yes, context.

Retail 88

Retail Guidelines Mobile Big Data 88

Banking 2020

FEBRUARY 20, 2015

a start-up in the mobile payments industry. If Coca-Cola can be disrupted, so can your bank: The banking industry has always been susceptible to disruption, but with technology and innovation being at a high point in society today, they are even more so. What have you been reading?

Millennials 40

Millennials Innovation Mobile Samsung 40

Banking 2020

JUNE 4, 2015

Allowed to pick up to two options, consumers cited the following three as the biggest pain points: According to the report, the research also yielded insights across industries and consumer demographics such as age, gender, and income groups. This highlights the need for a unified omnichannel knowledge platform across industries.

Retail 40

Retail Maine Online Study 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. Wearable technologies? However, as with most disruptive forces, there are challenges to be overcome, and these lessons apply just as meaningfully to every other industry.

Retail 40

Retail Strategy Boston Industry 40

Banking 2020

NOVEMBER 12, 2014

If you haven’t already heard of them, EyeVerify developed mobile authentication technology they call Eyeprint ID, that replaces traditional passwords with the uniqueness of the human eye, or your “eyeprint.” How does this technology reduce costs to the traditional banking business?

System 101

System Security Groups Mobile 101

Banking 2020

JANUARY 30, 2015

Articles via The Wall Street Journal, PYMNTS.com and MIT Technology Review . Latest mobile-banking research shows laptops still reign: A recent survey of 1,000 American adults showed that Americans are still using their laptops to conduct simple banking transactions. What have you been reading?

Apple 40

Apple Online Payments United States 40

Banking 2020

OCTOBER 8, 2015

On this blog we’re always looking at the intersection of financial services and technology, and that’s why this singular figure got our attention: $497 million. That’s how much just one institution has already made this year advising technology companies on financial services issues. These include some that come before a potential IPO.

social media 40

social media Apple Industry Technology 40

Banking 2020

JUNE 9, 2015

Midsize banks (those with deposits between $2 billion and $33 billion) have traditionally been the leaders of customer satisfaction in the banking industry, but technology has advanced to the point where big banks and regional banks are closing the gap. Mobile and Digital Technology.

Regional 40

Regional ATM Customer Experience Policies 40

Banking 2020

MARCH 20, 2015

Rush to serve the underbanked spurs innovation: With the race between financial institutions to become the most innovative heating up, consumers and financial institutions alike are becoming more aware of the effects innovation is having on the industry. Is there hope for community banks?: Will your phone replace an ATM card?:

Community Bank 40

Community Bank Community ATM Innovation 40

Banking 2020

DECEMBER 8, 2015

While there have been many aggregators catering to the financial services industry for some time now, the question is taking on new urgency, and not for a particularly good reason. If such actions become cemented in policy, other banks will surely follow suit, and it could have a profound impact on the entire industry dynamic.

Security 40

Security Data Policies Industry 40

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. Many companies, particularly on the technology side, are stepping up.

Industry 40

Industry Compliance Data Software 40

Banking 2020

APRIL 9, 2015

Under Jose’s leadership, an innovation-focused team called DI Labs takes a unique approach to innovation by looking at other industries for inspiration, observation and experimentation. NCR’s Everyday Made Easier blog wrote: Looking to Other Industries for Inspiration.

Innovation 40

Innovation How To Leadership Industry 40

Banking 2020

AUGUST 13, 2015

Does anybody know what comes next for mobile banking? That’s the basic understanding of technology: When something is working well, the best thing to do is to break it and find something that works better. In only four years, mobile banking will double to 1.8 If we don’t, someone else will. billion users worldwide.

Mobile 40

Mobile Study Florida Innovation 40

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. Things are and will be very different, no doubt about that.

Community 55

Community social media Community Bank Big Data 55

Banking 2020

JULY 24, 2015

Community banks must examine what cultural, operational and marketing shifts will happen when they adopt digital banking initiatives. Will consumers adopt Facebook’s ‘Buy’ button?: Facebook recently announced that it’s launching a new “buy” button which will allow consumers to easily purchase items from articles that they share.

Digital Banking 40

Digital Banking Innovation Payments Community Bank 40

Banking 2020

NOVEMBER 18, 2015

Australia is toying with the idea of creating an opt-in function for contactless cards, in a move that highlights the problems around coping with new payment technology and how fraud risks are handled. The major banks provide a Zero Liability Policy to customers who are victims of fraudulent transactions.

Cards 40

Cards Fraud Policies Technology 40

PYMNTS

MAY 16, 2016

While Lending Club generally focuses its services on consumers, the implications of Laplanche’s resignation have echoed throughout the SME lending space as well and could see a further decline in banks backing small business loans offered through marketplace platforms. 65% of U.K.

Fintech 108

Fintech Lending Fraud Cards 108

Banking 2020

DECEMBER 3, 2015

This is according to a new report by InnoTribe, which stated that financial technology pioneered in the country is set to change the way consumers around the world think about banking. The financial services industry has had a key role to play in this growth. At the turn of the millennium, just 1.8 Tech firms lead the way.

Innovation 40

Innovation Payments Lending Financial Technology 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

Banking 2020

MAY 8, 2015

Articles via CUToday.info, Biometric Update, Bank Technology News. The impersonal touch: consumers prefer mobile over phone, in-branch: According to a recent survey, United States consumers prefer mobile banking over online, branch and telephone banking. billion over the next 10-year period.

Mobile 40

Mobile United States Survey US 40

Banking 2020

DECEMBER 23, 2014

Introducing new technologies can often be a challenge when looking at customer adoption. In a few sentences, can you tell us about Westpac Bank? . Westpac has been operating in New Zealand since 1861 and is one of the country’s largest full service banks with over 1.3 million customers. Want to hear more from Westpac?

Mobile 47

Mobile Technology US Payments 47

Banking 2020

NOVEMBER 19, 2015

While a password, PIN or other code can be compromised, the industry has been thus far been working on the basis that a criminal cannot duplicate a fingerprint. While it’s unclear what sort of fraud could be committed, the financial services industry is taking note of the theft. But is biometric data as secure as we imagine it to be?

Security 40

Security Fraud Data Industry 40

Banking 2020

NOVEMBER 17, 2015

Around this time last year, we considered on this blog how big wearable technology would become in 2015. That’s always the problem with technology predictions—we know the platform will shift, but we don’t often know when, and we usually don’t know to what. And if it is, what effect will it have on the financial services industry?

Resources 40

Resources Industry Mobile Big Data 40

Banking 2020

SEPTEMBER 16, 2014

As the American Banking Association has been emphasizing in numerous outreach initiatives , including webcasts, many banks have already developed and implemented social media strategies, primarily as an extension of their ongoing marketing and communications strategies.

social media 78

social media Study Strategy Marketing 78

Banking 2020

JANUARY 27, 2016

There was a time when a statistic like this would have aroused tremendous interest throughout the industry. That may be a good thing—we understand that each successive technology trend will uproot traditional practices, forcing us to go with the flow. Today, it barely qualifies as a milestone.

Mobile 40

Mobile Branding Industry Innovation 40

Banking 2020

DECEMBER 30, 2014

And is the banking industry set to be both the primary driver and a major beneficiary? So where in the financial services industry in all this? The big banks have definitely gotten over the hangover of the recent past. banks alone paid out $122.5 The four largest U.S.

Course 66

Course Marketing Industry Regional 66