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Commerzbank’s Digital Innovation Strategy in Germany’s Cash-Heavy Economy

Bank Innovation

In some markets, banks and fintechs are a long way from overcoming the dependence on cash. billion ($513 billion) in assets, and boasting a 50-person innovation lab, implementing fintech for a fiat-focused market has its challenges. This challenge is felt at Germany’s Commerzbank. What is striking […].

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Santander InnoVentures leads $39m investment in debt marketplace CrossLend

Bank Innovation

Santander InnoVentures, Santander Group’s fintech venture fund, is leading a Series B investment of 35 million euros ($39 million) in CrossLend, a pan-European digital debt marketplace.

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How Challenger Banks Are Giving Legacy Players Key Opportunities

PYMNTS

Such institutions are working to raise the necessary capital to expand their products and customer bases as they enter new markets. Legacy Banks and the Innovation Game. .” What I think these FinTechs can do is focus on one area. Challengers in North America, Europe and Latin America raised $2.5

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Bank product development becomes a ‘game of thrones’

Bank Innovation

In a revealing Meetup fireside chat yesterday evening, Alex Sion and Rachel Moore shared details on the inner workings of Citi’s internal innovation operation, known as D10X. Look no further than Citigroup to catch a glimpse of the future of bank product development.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Getting in Front of Change. About the Tracker.

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How Scotiabank Manages Fraud Protection For A Data-Driven Future

PYMNTS

Otherwise, you are introducing a technology to a process that is broken to begin with and just automating it, so you are not getting the operational efficiencies and the pickup that you could potentially get out of it.”. Scotiabank’s Three-Pronged Innovation Strategy.

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Taulia Announces Record New Bookings; New CMO Holzapfel

Fintech Labs Insights

Cedric Bru, Taulia CEO, called Holzapfel a “powerhouse” and praised her expertise in strategic marketing and operations. Raised $46 million in funding bringing total capital to more than $130 million. Taulia’s new CMO will join a relatively new C-level management. Maintained a 100% customer renewal rate.