Insights on Business

NOVEMBER 12, 2018

According to the Boston Consulting Group , there have been more than $321 billion in regulatory compliance penalties levied globally since the financial crisis of 2007- 2008. Next-gen means an ecosystem of standardized GRC knowledge and tools all operating together.

Compliance 107

Compliance Technology User Experience Analytics 107

PYMNTS

SEPTEMBER 17, 2020

But: The bank is keeping an eye on the experiences and progress of other nations, and still is researching its own technological and “policy implications” of wholesale forms of CBDC. In at least some nod to the technicalities, back in January, the central bank envisioned that the digital currency might be issued via blockchain platform.

Policies 181

Policies Boston Examples ATM 181

Celent Banking

FEBRUARY 1, 2017

The second type is a completely separate brand ring-fenced under a different technology stack, operating under the umbrella of the parent organization but effectively a separate entity. Institutions are acknowledging the valuable and complementary role Fintech can play in providing a modern, innovative customer experience.

Customer Experience 100

Customer Experience Branding Boston Innovation 100

Celent Banking

MARCH 4, 2017

Process Automation – for the most effective deployment of technology to automate business processes or decision-making. A common theme across this year’s submissions for the above categories is the importance of agile technology, digital process automation, and consistent and focused practices across the organizations.

Risk Management 100

Risk Management Fraud Management Case Study 100

PYMNTS

APRIL 2, 2018

The entrance of non-bank FinTechs and alternative lenders, too, is adding new pressures on traditional FIs to up their digital games. According to a recent survey from the Boston Consulting Group (BCG), profits among the world’s corporate banking institutions is significantly declining – but digitization could halt that trend.

blockchain 171

blockchain Lending User Experience Mobile 171

PYMNTS

FEBRUARY 16, 2017

Traditional financial institutions have been forced to look inward as they continue to face competition from alternative lenders and FinTech providers. But banks are facing massive disruption thanks to technology, which could be viewed as a threat or as an opportunity.

Survey 109

Survey Regional America Boston 109

Gonzobanker

DECEMBER 17, 2021

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 147

Fintech Strategy Leadership Lending 147

Fintech Labs Insights

OCTOBER 2, 2020

But, I think we have another strong contender with the latest challenger, Boston-based Envel. From the outside anyway, Envel looks to be a case study in leveraging partners’ technology to stitch together world-class features without building in house. References: Fintech Futures overview (22 Sep 2020) Envel press release (17 Sep 2020).

Fintech 15

Fintech Kansas City Boston UX 15

Independent Banker

JANUARY 31, 2022

Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. This operating model—iterative and parallel testing and development—ensures an agile approach and strong collaboration as the Federal Reserve and pilot organizations jointly prepare our solutions for launch.”. “Our payment system.”.

Community Bank 91

Community Bank Community Resources Fraud 91

PYMNTS

APRIL 20, 2017

Just west of the Research Triangle in North Carolina, Charlotte’s technology industry has been slowly growing over the past few years. million over the course of the next three years to build up a FinTech hub in Charlotte. Is there anything people may find surprising about operating a business there?

Charlotte 118

Charlotte North Carolina Community United States 118

Celent Banking

FEBRUARY 24, 2017

Operations and Risk. Creating a consolidated point of access for all corporate banking services using portal technology that eliminates the need for multiple logins and security procedures was just one of the types of initiatives that were submitted. Legacy Transformation / IT Platform Innovations. Emerging Innovation.

Innovation 114

Innovation Boston Technology Meeting 114

Gonzobanker

SEPTEMBER 28, 2017

A decade ago, many financial institutions were bringing as much technology as possible in-house as a way of controlling their destinies and customizing their core platforms and data warehouses. In the cloud” is common technology vendor-speak for ASP, service bureau, outsourcing, pay-per-click, and a variety of other delivery models.

Data 63

Data How To San Jose San Francisco 63

PYMNTS

MARCH 30, 2018

Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. Its platform provides proprietary cyber-risk analysis technology to corporate customers. PYMNTS breaks down the latest deals below.

US 116

US Capital California San Francisco 116

Independent Banker

JULY 31, 2022

Use technology to drive down costs. Adkins agrees that using technology to streamline backroom processes is a golden opportunity that’s not always seized. “I Community banks need to take advantage of the digitalization of banking operations.”. ? You don’t go to school to learn how to become head of deposit operations.

Strategy 135

Strategy Community Bank Louisville Community 135

PYMNTS

MAY 12, 2020

Montgomery, the Federal Reserve Bank of Boston’s first vice president and chief operating officer and FedNow program executive, said the community “will help influence FedNow Service design and our development roadmap by providing input on desired service features, technology and implementation plans.”.

Payments 130

Payments Fraud Community Boston 130

William Mills

MAY 11, 2016

Race Data brought bank client on stage who is thrilled with the product, he also states that the technology gives context to bank call center employees as well. ^KT. Diana Chin (HR & Operations). Presenting a programmable cloud – a fintech platform. ^KT. Katerina Frolovicheva (MD, Technologies Innovations).

Video 40

Video Mobile social media Analytics 40

PYMNTS

MARCH 14, 2017

In a survey conducted by Saxo ahead of the event, a third of businesses said they plan to move operations out of the U.K., Earlier this year at the World Economic Forum, top bankers acknowledged that it was time for some operations to exit from the U.K. and half said they plan to switch financial partners, following Brexit.

Payments 104

Payments Survey Boston Operations 104

PYMNTS

JUNE 11, 2018

Analysts at Boston Consulting Group estimated earlier this year that novel digital financial services platforms like ePayments, cross-border transactions and supply chain financing will yield nearly a third of corporate banking revenue. One technology startup, Devo, secured $25 million for its products and services in this market.

Data 100

Data Management Analytics Compliance 100

Jeff For Banks

DECEMBER 29, 2021

The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. It has been an industry darling due to its dedication to technology experimentation. MetroCity Bankshares, Inc. Nasdaq: MCBS) MetroCity Bankshares, Inc.,

Capital 78

Capital Texas Metro North Carolina 78

William Mills

MAY 9, 2018

There are a number of great events in FinTech but this one I do my best to attend each year. Again another financial wellness platform using machine learning technology. HQ: Boston, MA. A TON of really old technology is being used in mortgage lending. This is either my 21st or 22nd Finovate; I’m not sure.

Security 40

Security Samsung Strategy San Jose 40

PYMNTS

DECEMBER 7, 2018

Venture capitalists and equity investors targeted companies that apply big data technologies, including artificial intelligence, to an array of use cases, including fleet and manufacturing — leading to more than $322 million raised for B2B startups this week. Cross River Bank. Cross Creek Advisors and previous backers also participated.

Analytics 176

Analytics Data Capital Software 176

CB Insights

OCTOBER 31, 2017

The feedback was eye-opening and generally the same: “Really great technology and vision. In our mission to deliver the best tea experience, we didn’t compromise on the Teforia Infuser technology, quality or the premium tea packaged within our Sips. Product: AOptix Technologies. But how does this become a platform?”…

Company 78

Company US San Francisco Capital 78