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REPORT: Payment Tech Tops FIs’ Innovation Agendas

PYMNTS

The financial world is awash in hot tech topics these days, from blockchain to artificial intelligence (AI). However, financial institutions (FIs) are getting better at separating vital areas of innovation from the hype. Banks are increasingly focusing on the fundamentals when determining their innovation agendas.

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Bank of America gained 418 technology patents in 2019

Bank Innovation

“Patents are not always about excluding others from using [the technology]; oftentimes, patents are […]. In 2019, company obtained 418 patents, a 31% increase over the prior year. According to the bank, patents protect the bank’s tech investments.

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Vanguard taps blockchain fintech for FX

BankInovation

Vanguard and blockchain provider Symbiont are one step closer to integrating blockchain technology into foreign-exchange (FX) forwards processes across a network of a dozen banks, brokerages and asset managers.

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Why This Bank Is Betting Its Future on Blockchain Payments

The Financial Brand

Signature Bank believes real-time payment capability is a must and that building it with blockchain technology provides an innovation edge. The post Why This Bank Is Betting Its Future on Blockchain Payments appeared first on The Financial Brand.

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10 Big Bank Marketing Lessons from the ABA Bank Marketing Conference

South State Correspondent

Another popular tactic was that since many banks are ahead of budget this year due to the faster than anticipated rise in margins, many banks are increasing spend on technology and marketing in the back half of this year to set themselves up for success in 2023. Bank Marketing Lesson 8: Crypto, Blockchain, Digital Assets, and NFTs.

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How Innovation Priorities Are Evolving for FIs

PYMNTS

But how much are FIs really investing in blockchain and artificial intelligence (AI) compared to more foundational innovations? The latest Innovation Readiness Playbook looks at where FIs have been focusing over the past three years and what their plans are for the near future. When asked about specific innovations, 56.1

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Digital Innovation Transforming the Banking Industry

The Financial Brand

Artificial intelligence and machine learning, blockchain technology, fintech collaboration, and removing friction to improve the consumer experience are the foundation for the future of banking.