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Frictionless Payments And Top Mobile Banking Innovation

PYMNTS

In meetings and calls with analysts last week, executives from top banks such as Bank of America , JPMorgan Chase and Citi — along with payment companies such as Visa — explained how they are leveraging technology to drive innovation. Bank of America. The bank is also heading to cities in Ohio as well as Pittsburgh.

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How Innovative mPOS Is Paving The Way To A Self-Checkout Future

PYMNTS

Shoppers scan their selections as digital coupons are automatically applied, and can pay by scanning a quick response (QR) code at a dedicated checkout tablet at the front of the store. The projected value of the global POS software market by 2024 is said to be $30.9

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Model Bank 2017: Some First Impressions

Celent Banking

Ongoing innovation in banking technology is clearly beginning to pay off, and we’ve been privileged to learn an immense amount from all of the financial institutions that took the time to tell us about their how they’ve been using technology and innovation to serve customers better, become more efficient, and mitigate risk.

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Facebook And Google Payments Efforts Top Week’s News

PYMNTS

Deutsche Bank told U.K. Amazon To Build $40M Robotics Innovation Hub Near Boston. Tye Brady, chief technologist at Amazon Robotics , said the new hub will speed-up innovation and will be a “world-class facility, where our teams can design, build, program, and ship our robots, all under the same roof.”.

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An Open Road For Open Banking?

PYMNTS

In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key. Increasingly, open banking will underpin that collaboration. FinTech providers getting accreditation to use open banking APIs grew 9.2

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Rethinking the Customer Experience: Themes from the 2017 Model Bank Submissions

Celent Banking

While this makes the category more difficult to judge, it offers immense insight into what’s happening in the market. The standards of customer engagement are constantly changing, and banks are experimenting with new ways to drive increased satisfaction, higher revenue, and greater loyalty. Three themes stand out this year.

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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. Now is the time to develop a more coherent digital strategy to decide where to play and how to invest.”.

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