Bank Innovation

NOVEMBER 16, 2018

Innovation is expensive. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.

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PYMNTS

SEPTEMBER 15, 2020

With payment innovators looking to migrate B2B payments away from paper, a growing number of payment rails and technologies are helping to ease the pain of the shift. PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. RTP Expands Across FI Base.

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Bank Innovation

MARCH 29, 2018

Blockchain technology has been talked about in banking for so long that readers here can be excused for being a bit jaded on the subject. The technology has been touted as solving just about every problem bankers face, but as Adam Ludwin, CEO of Chain, told us in San Francisco at Bank Innovation 2018 earlier.Read More.

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Bank Innovation

FEBRUARY 15, 2017

This bank created an innovation lab, and that bank is launching a fintech team. But this other bank just started a blockchain focus group, and everyone else is investing in tech. Gone are the days when banks could afford to be “conservative” with new product launches and tech projects, which Read More.

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Bank Innovation

OCTOBER 21, 2016

BNY Mellon has made a lot of noise about blockchain technology in recent months and that continued in a discussion of the bank’s innovation agenda yesterday. Reporting the bank’s third-quarter earnings, CEO Gerald Hassell outlines a shift in resources from real estate to digital.

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PYMNTS

NOVEMBER 19, 2020

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. Plus, blockchain makes new inroads in the B2B arena. TOMIA and Clear Embrace Blockchain for Telecom B2B Payments. Canada Taps Vocalink for Real-Time Rail.

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Bank Innovation

JULY 2, 2018

It’s no secret distributed ledger technologies (DLT) have been front-of-mind for financial institutions examining solutions to existing problems in institutional and retail banking. While blockchain technology is still a greenhorn in the wilderness of capital markets, the underlying concept should be heralded as a catalyst for innovation.

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Bank Innovation

JUNE 12, 2017

2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.

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Bank Innovation

JUNE 1, 2017

A developer, or a blockchain champion? Bank Innovation is launching a Meetup group, where we plan to organize networking events, with insightful panels and (of course) happy hours. We guide innovation professionals to better results, and highlight new technologies that deserve attention. A banking professional?

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PYMNTS

JULY 1, 2019

Blockchain has caught the attention of several FIs, especially for B2B and cross-border payments, even if there’s not yet consensus on how to best deploy it in real-world situations. Canadian payments network Interac has experimented with blockchain for consumer payments. We are now in the trough of disillusionment.”.

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PYMNTS

OCTOBER 17, 2018

New technologies bring new opportunities to serve consumers, and retailers are offering their customers more digital options than ever to meet their wants and needs. They are innovating to meet consumer demand for new payment methods , and to improve customer convenience through technologies such as kiosks.

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Bank Innovation

MARCH 8, 2017

— Blockchain – or the distributed ledger technology – is rushing out of test labs, and into real-life applications. Experts foresee that blockchain will take over money transfers, and will […]. SAN JOSE, Calif.

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PYMNTS

MARCH 1, 2018

Banking and financial services firm HSBC says its blockchain-based trade finance solution is ready to launch — in pilot phase, at least. The technology has come a long way. In addition, Kroeker highlighted HSBC’s focus on documentary credit as a key area that can be improved using technologies like blockchain.

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PYMNTS

MARCH 17, 2017

Blockchain technology has the potential to impact nearly every industry involving money. One area in which we’ve seen innovation break through recently may come as a surprise: insurance. PYMNTS: What are the benefits of implementing blockchain technology, and how is it impacting the insurance industry?

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Bank Innovation

FEBRUARY 18, 2016

Bank Innovation is pleased to welcome Marley Gray, Microsoft’s director of technology strategy for blockchain and financial services, to our speaker faculty. Gray will discuss corporate banking and blockchains on March 1 in Seattle with JP Jolly of Citigroup and Deva Annamalai of Fiserv.

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PYMNTS

JUNE 13, 2019

For blockchain technology, the crux of many of its purported benefits for the enterprise is its decentralized nature, which, proponents of distributed ledger technology (DLT) have said, promotes visibility and makes it more difficult for data to be manipulated. ” However, that’s only the beginning.

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PYMNTS

JANUARY 18, 2019

“The most advanced technology is [electronic data interchange (EDI)].” The technology first emerged in the 1970s. Yet, half a century later, even some of the largest multinational conglomerates are only beginning to implement EDI into their procurement and B2B commerce operations. Betting On Blockchain.

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Bank Innovation

MAY 19, 2017

In fact, decentralization may be beneficial for banks, depending on “what do you mean by decentralization,” said Jared Harwayne-Gidansky, North American lead of the emerging business and technology group for BNY Mellon. Decentralization where you are innovating […].

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Bank Innovation

FEBRUARY 8, 2017

BMO Bank has been “heavily” investing in its technology architecture for the past five years. chief technology and operations officer. The bank reached a “major milestone” at the end of 2016, according to David Gordon, the bank’s U.S.

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PYMNTS

NOVEMBER 25, 2019

Singapore-based BCB Blockchain announced that it has launched a $300,000 fund to support incubators and startup accelerators in the Philippines under the Department of Science and Technology (DOST). And Alibaba Group is using blockchain to further the development of the Chinese film industry.

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PYMNTS

JUNE 26, 2019

In the continuing move to bring data (and transactional data) to blockchain, among the latest examples is the announcement this week that the Society for Worldwide Interbank Financial Telecommunications (SWIFT) will enable blockchain-focused companies to use its global payments innovation (GPI) platform, as reported in Cointelegraph.

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PYMNTS

APRIL 30, 2019

Roberto Mancone, co-founder and chief operating officer of blockchain trade finance platform we.trade, is leaving the company and revealing his doubts about blockchain technology’s promises to transform the industry. Since then, 14 banks have joined its platform, according to reports.

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Bank Innovation

FEBRUARY 22, 2017

Hyperledger Project – the cross-industry effort for the advancement of blockchain technology – enlisted a new member, but it’s not your usual bank or tech firm this time. Daimler AG — the parent company of Mercedes Benz — joined the project yesterday as a “Premier” member to “collaborate with a Read More.

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PYMNTS

DECEMBER 31, 2019

The following Deep Dive further explores how paper-based methods can result in processing delays and how new, cutting-edge payment innovations can drive accounts payable (AP) automation. More than 40 percent are interested in same-day ACH, and over 30 percent are interested in blockchain technology. Manual processing challenges.

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PYMNTS

FEBRUARY 24, 2017

Blockchain technology keeps a high level of detail in its records of all financial transactions made. The hope here is that this type of technology will lessen the chances of the distribution of misinformation or manipulated information. As with any technology, there are certain strengths and weaknesses.

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PYMNTS

FEBRUARY 27, 2019

These market conditions may not seem ripe for FinTech innovation, but where there are challenges, there are opportunities. Michael Sassoon, CEO of banking and technology firm Sasfin , recently told PYMNTS about some of the country’s biggest hurdles in small business FinServ — and what technology innovators hope to do about them.

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PYMNTS

JANUARY 10, 2019

The new year has dawned with a number of cross-border payment pacts, done across blockchain and other means. In Pakistan, as reported by Coindesk, Telenor Microfinance Bank and remittance firm Valyou Sdn Bhd (a Telenor subsidiary) have launched a payment platform based on Alipay’s blockchain offerings.

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CFPB Monitor

MAY 31, 2022

Associate Director Evangelista stressed “responsible innovation” by the cryptocurrency industry, in order to protect consumers and national security interests, as well as to combat cybercrime and other illicit financial activity. Responsible Innovation “.

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Bank Innovation

JULY 7, 2016

As the summer heats up, blockchain hype may (finally) be cooling down. 2016 will likely see less investment in bitcoin and blockchain technology, but that is true for many other areas, as well. This year to date has seen $161 million invested so far, while 2015 saw a total of Read More.

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PYMNTS

MAY 31, 2017

Complex supply chains have been the focus of blockchain innovators as of late as they explore how distributed ledgers can streamline and safeguard the transmission of paperwork and funds across borders and between companies. The report, released last week, agrees that blockchain is making headway in supply chain management and finance.

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Bank Innovation

NOVEMBER 28, 2016

Adam Carson, managing director, global technology strategy & partnerships at JPMorgan Chase & Co., will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., will feature dozens of speakers on investing in innovation, chatbots, blockchain and more.

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PYMNTS

JUNE 5, 2018

Blockchain probably won’t solve all the world’s financial problems, as devoutly as innovators and enthusiasts may hope and believe that it can. At any rate, it’s not going to solve all of them at once with the technology available today. Pigg isn’t against blockchain. Use Cases For Blockchain. and global clients.

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PYMNTS

OCTOBER 4, 2019

As part of that awareness, companies across all industries are realizing the strategic value of accounts payable (AP) automation and developing an understanding of emerging technology like artificial intelligence (AI) that plays a critical role in AP automation solutions. As a result, customers can harness them without even knowing about it.

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PYMNTS

OCTOBER 15, 2020

Three major Japanese players in technology, payments and banking will run a joint trial to determine how well a new blockchain-based identity verification system operates across companies and industries, the firms announced Thursday (Oct.

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PYMNTS

NOVEMBER 15, 2017

Every day the world hears about another blockchain project in the works or another distributed ledger technology consortium forming. Just last week, Deloitte found that in 2016 alone, nearly 27,000 new blockchain projects surfaced on the market. “The Reports said the filing, dated Nov. 9 with the U.S.

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Insights on Business

OCTOBER 3, 2018

IBM RegTech Innovations. Advances in artificial intelligence (AI), blockchain, and cybersecurity are poised to transform the financial services industries. New hybrid cloud platforms will offer unprecedented scalability, agility, and security, optimized for enterprise AI and blockchain. Pay close attention to cybersecurity.

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PYMNTS

JUNE 27, 2018

“Our new, hard infrastructure will be future-proofed to your imaginations, opening up a range of potential innovations in wholesale markets and corporate banking and retail services.”. The first product of their partnership is a revolving credit line that uses blockchain technology, provided to an unknown company.

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