FIs and fintechs innovate with an eye on SMBs
BankInovation
AUGUST 7, 2020
At the start of the year, Bank Innovation predicted, “if 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory.”
Marqeta to focus on growing product suite in 2020
Bank Innovation
DECEMBER 24, 2019
If 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory. Marqeta, the card issuing and processing startup supporting the capabilities of large companies like Kabbage and Square, sees 2020 as a big year for payments companies branching out into banking.
Banking 2020 
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Trending Sources
This Week’s Reads: Innovation, Apple Pay, Bank Branch
Banking 2020
SEPTEMBER 26, 2014
How to Get Disruptive Innovation at its Best – American Banker. The real reasons why banks are adopting PFM – Finextra. Banking Vs. Google, Apple and Amazon – Forbes.com. Apple Pay Won’t Replace Your Local Bank Branch, Analyst Says – WSJ Blog. What have you been reading?
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Branch Transformation: Innovating to be Nimble
Banking 2020
FEBRUARY 1, 2016
Innovation requires understanding your client base and providing differentiated services that clients will find value in. Banks must innovate and be nimble to address emerging client needs in the neighborhoods they serve. As community banks, we must recognize and be responsive to what our clients are demanding of us.
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How to: Create Innovative Solutions with Everyday Experiences
Banking 2020
APRIL 9, 2015
How can you use everyday experiences to fuel innovation? It’s a question that Digital Insights’ Chief Innovation Officer José Resendiz regularly asks his team. Looking to other industries who are innovating can serve as inspiration. Insights DI Labs Digital Insight innovation'
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This Week’s Reads: Security, Innovation, Millennials
Banking 2020
APRIL 24, 2015
Study: improved security is key to success for mobile banking: A recent survey from RateWatch revealed that while mobile banking may be struggling to attract new customers, those already using it are doing so more often.
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This Week’s Reads: Digital Technology, Mobile’s Rise, Innovation Labs
Banking 2020
DECEMBER 19, 2014
Digital technology to open up core banking market – ComputerWeekly. Spotlight banking digital technology innovation labs mobile' What have you been reading? Let us know in the comments section below or Tweet @bankingdotcom.
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This Week’s Reads: Omnichannel, Mobile Check Deposit, Innovation
Banking 2020
FEBRUARY 6, 2015
Banking innovation: a marathon, not a sprint: There’s no arguing that technology has forced financial institutions to become more innovative which has helped create new banking platforms and expectations from consumers. Spotlight banking digital banking innovation mobile banking mobile check deposit omnichannel'
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This Week’s Reads: Millennials, Mobile Payments, Innovation
Banking 2020
FEBRUARY 20, 2015
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. Spotlight Apple Pay banking innovation looppay millennials mobile payments payments samsung technology'
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Omni-channel innovation, not supplier contraction, critical to banking growth
Banking 2020
OCTOBER 23, 2015
It is rare that industries are served well by consolidation of similar players as these rarely drive innovation and mostly seek to benefit from cost saving through scalability, operational efficiencies, and product rationalization. With all of these pressures on retail banking, the industry needs innovation more than ever before.
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40 China key to banking and payments innovation
Banking 2020
DECEMBER 3, 2015
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. ”
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This Week’s Reads: Digital Banking, Innovation and Payments
Banking 2020
JULY 24, 2015
This shows how companies continue to innovate in the payments space and could also create additional opportunities for financial institutions to do the same in the future. . : Facebook recently announced that it’s launching a new “buy” button which will allow consumers to easily purchase items from articles that they share.
Innovation in Digital Banking: There’s no substitute for real-world experience
Banking 2020
MAY 12, 2015
Specifically, it taught me about customer empathy and experimentation as two good tools to use in innovation. Personal Innovation: You see, I used to be quite unhealthy, living on a steady diet of junk food matched with no real exercise regimen. It builds on innovation and engages the member more effectively. But it worked.
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Punching above its weight: Small N.J. bank uses tech to take on big rivals
American Banker
JUNE 3, 2020
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.
Retail Banking 2020: Evolution or Revolution?
The Financial Brand
JANUARY 31, 2016
Financial institutions must radically innovate and transform themselves to ensure success in the next decade. Are you prepared?
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This Week’s Reads: Underbanked, DIY Banking, Community Banks
Banking 2020
MARCH 20, 2015
Articles via American Banker, Bankrate, Financial Brand and Bank Innovation. 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.
This Week’s Reads: Omnichannel, Branches and Bill Gates
Banking 2020
JANUARY 26, 2015
Articles via Mobile Payments Today, Banking Exchange, The Financial Brand, American Banker and Bank Innovation. Omnichannel banking: A consumer-first, not bank-first, experience: The days of bank branches being the only way consumers could access their financial information are long gone.
PWC Takes Very Optimistic View Of Retail Banking
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. PWC does suggest major improvements can be achieved without replacing core systems, or undertaking radical digitalization.
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28 PWC Takes Very Optimistic View Of Retail Banking
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. PWC does suggest major improvements can be achieved without replacing core systems, or undertaking radical digitalization.
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Delivery Redirect: Mapping Your Business to Changing Consumer Behavior – Webinar
Banking 2020
OCTOBER 8, 2014
Understand the tools needed to begin the journey to funding innovation and other initiatives. The webinar will include insights on approaching new channels and optimizing existing strategies to provide increased returns now and into the future and help you: Learn about the expectations of today’s financial services customer.
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97 ??Keeping it Personal: There’s No App For That!
Banking 2020
JANUARY 21, 2016
By Dominic Venturo, Chief Innovation Officer, U.S. New technologies and the growing number of mobile devices have prompted banking institutions to rethink their traditional way of doing business. Transactions are rapidly shifting from branches and handshakes, to apps and fingerprints, maybe someday even an iris scan. At Your Service.
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Banks: sink or swim with FinTech players
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.
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What do consumers want from payments?
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?
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Finland and US lead the way for non-cash payments
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. ” Huge potential for further growth.
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40 IT Transformation: How Banks Are Driving Digital Technologies
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. Eliminating valueless assets gives IT new-found time and capital to keep pace or even lead business innovation. Think like a stockbroker.
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Which route for mobile payment apps?
Banking 2020
JANUARY 21, 2016
A recent report for the American Bankers Association showed three-quarters of US consumers trust banks most to keep their payments safe, versus just four per cent who trust a non-bank payment provider such as PayPal or Venmo. Innovation. It’s taken outsiders – third parties – to drive change.
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Going Head First with Apple Pay: Q&A with AFCU
Banking 2020
DECEMBER 16, 2014
We expect our members enrolled in Apple Pay will use it at every opportunity, and will view both America First and the merchants who support Apple Pay as innovative. Our employees, who are accustomed to our embrace of innovative technologies, welcome Apple Pay and look forward to helping members use it.
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Your Eyes are the Window to… Your Bank? Q&A with EyeVerify
Banking 2020
NOVEMBER 12, 2014
Spotlight Digital Insight EyeVerify Finovate innovation password security System Works Group' We foresee that a majority of the eye based biometrics activity worldwide will be using EyeVerify’s solution. Those are some big claims, but what do you think? Comment below or share with us on Twitter , Facebook or Google+.
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This Week’s Reads: Consumer Finance, Digital Trends, and Mobile Advertising
Banking 2020
FEBRUARY 5, 2016
10 Digital Trends Banks & Credit Unions Should Embrace: With a new year comes new innovation and trends. This article features 10 digital trends banking should embrace in 2016. January Retail Numbers Expected To Be Soft: Due to warm temperatures, many retailers took serious hits in their sales in the month of January.
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This Week’s Reads: Wearable Technology, Mobile Applications and Financial Firms
Banking 2020
JANUARY 15, 2016
Articles via Mobile Marketing Watch, The Financial Brand, Enterprise Innovation. Branch Banking Lessons to Improve the Mobile Experience: Although mobile banking has become largely utilized, especially by millennials, there are a few lessons that banking apps can learn for a more traditional experience.
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40 Hidden payments ‘too big too ignore’
Banking 2020
DECEMBER 3, 2015
Non-bank payment providers are typically governed by consumer protection rules that are less stringent than banks’ financial regulations, so are often able to bring innovative offerings to market faster and more easily. The most common solutions. The industry’s response.
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Mobile Banking: Questions About the Future
Banking 2020
AUGUST 13, 2015
Remember, mobile banking users are among the most fickle customers around—one problem with the app can drive them to another bank with better options. 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.
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This Week’s Reads: Mobile Biometrics, Online Fraud and Mobile Applications
Banking 2020
DECEMBER 11, 2015
Articles via PYMNTS.com, Banking Exchange, Enterprise Innovation. Factoring in the cost of business success: New research shows that there will be a boom in mobile biometric payment transactions in 2016. With mobile payments continuously growing, mobile pay players have a lot more to keep up with.
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40 This Week’s Reads: Retail Banking, Apps, Biometrics
Banking 2020
JUNE 26, 2015
Articles via ABA Banking Journal, CU Today, Bank Innovation. Five tips for staying ahead in mobile retail banking: Nearly 75% of Americans say their relationships with banks are primarily transactional. Design, mobile deposit and omnichannel strategies can all help banks stay relevant.
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This Week’s Reads: Mobile Check Deposit, Payments and Digital
Banking 2020
SEPTEMBER 4, 2015
Articles via Banking Exchange, PYMNTS.com, Enterprise Innovation. Below are interesting stories the Banking.com staff has been reading over the past week. Mobile check deposits continue to rise: A recent survey found that one in seven Americans have deposited a check using a mobile device within the past year.
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40 How to Have Fun in Banking: Gamification
Banking 2020
MARCH 6, 2015
For example, Hana Bank in South Korea has won awards for gamifying some aspects of its online and mobile statements. Similarly, DSK Bank in Bulgaria has added gamification layers to numerous functions. As with many innovations, it’s important to focus on the fundamentals rather than the fad. Watch this space.
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B2B FinTech On The Cusp Of Change
PYMNTS
MAY 16, 2016
SMEs want banks to offer bitcoin services , suggesting the cryptocurrency may not be such a failure after all. According to new research from Accenture, which published the results in its “SME Banking 2020: Changing the Conversation” report, small and medium-sized businesses are eager for more value-added services offered by their FIs.
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This Week’s Reads: Underbanked, Checks, Biometrics
Banking 2020
MAY 15, 2015
Articles via Credit Union Times, Bank Innovation, American Banker, The Financial Brand. Below are interesting stories the Banking.com staff has been reading over the past week.
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This Week’s Reads: Wearables, Biometrics, Digital Banks
Banking 2020
APRIL 3, 2015
Articles via PYMNTS.com, Bank Innovation, Information Age, The Financial Brand. Below are interesting stories the Banking.com staff has been reading over the past week. The changing face of Internet consumption: According to a recent report, just under 65% of Americans have a smartphone.
BNP Paribas trials seamless payment displays
Banking 2020
JANUARY 29, 2016
“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.”
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FI Highlight: Banner Bank
Banking 2020
OCTOBER 30, 2014
What is new about your online and mobile banking experience? . We regularly push mobile banking updates to our clients. A recent innovation is a native iPad app for mobile banking. And, of course, everyone loves making mobile deposits from their smartphone.
How will new regulations affect China’s online payments market?
Banking 2020
NOVEMBER 25, 2015
Some industry insiders and commentators in China have already raised concerns that tougher regulations governing transactions will stifle innovation in the country and create more red tape. “The implementers of these rules are looking at this from the perspective of protecting the banks.
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40 This Week’s Reads: Customers Like Branches, BlackBerry Apps, Digital Banking Definition and More
Banking 2020
JANUARY 16, 2015
Spotlight Apple bank branches banking digital banking digital wallet innovation mobile payments' If customers are loyal to your financial institution, they may be more likely to try mobile payments, but perhaps mobile payments make customers and members loyal. What have you been reading?
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