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Facing pressure, HSBC rethinks US strategy

Bank Innovation

HSBC, a global bank with $2.7 billion in costs and reallocates capital away from underperforming units. The top-10 global bank reported Tuesday that in 2019, net profit fell 53% to $6 billion, while pre-tax profits fell 33% to $13.3 […]. trillion in assets, is blazing a new path for its U.S. business as it cuts $4.5

Strategy 243
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How Scotiabank Manages Fraud Protection For A Data-Driven Future

PYMNTS

Scotiabank’s Three-Pronged Innovation Strategy. ” The FI is combating global fraudsters’ sophistication with technology like AI, as well as educational seminars for both its business and retail banking customers. It is really for any new innovations and trends out there, which would include fraud and cyber.”.

Fraud 117
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37 Corporate Innovation Labs In Finance

CB Insights

Capital One — Capital One Labs. Key people: James Patterson, Managing VP & Head of Capital One Labs at Capital One. Capital One Labs aims to streamline the product creation process, with a focus on consumer-first design. Notable projects: Capital One Cafes have been popping up in cities all over the country.