Bank Innovation

OCTOBER 25, 2019

In this episode, Suman Bhattacharyya, deputy editor, and Angely Mercado, associate editor, discuss the following news developments: Canadian venture firm Luge Capital’s approach to fintech investments; How banks are navigating Zelle’s UX as transaction volume grows; and […].

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UX Capital Fintech Video 170

Bank Innovation

NOVEMBER 25, 2019

Roady, who has been on MoneyLion’s board of directors since 2016, was previously a founding partner at GAIN Capital and president of its global retail brokerage business. She told Bank Innovation that her […].

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BankInovation

JANUARY 26, 2023

Successful innovation in business requires much more than just a good idea. Banks need to listen to specific client feedback to determine where to invest time and capital […]

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BankInovation

DECEMBER 2, 2022

National Bank of Canada (NBC) is set to continue its digital innovation strategy through hiring technology-focused talent. “We

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BankInovation

OCTOBER 2, 2020

Industry leaders have found that getting creative about human capital not only buoys innovation ROI, but it encourages a sense of ownership among different departments and breaks down internal barriers throughout the organization. Human capital has become an important cog in the […].

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Perficient

MARCH 8, 2023

This program strives to provide “women entrepreneurs around the world with business and management education, mentoring and networking, and access to capital.” The program has 10 courses in topics including business finance, digital marketing, and innovation strategy.

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Bank Innovation

FEBRUARY 27, 2020

An update to Square’s credit risk model for its Square Capital commercial lending product — first disclosed yesterday — was “a key driver of Capital’s outperformance in the fourth quarter,” the company said. The advancement of Capital is key for Square as it continues to grow the fast-growing — and lucrative — lending product.

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PYMNTS

DECEMBER 31, 2020

Consumers waited on financial institutions (FIs) to innovate in an odd relationship that put business needs before customers’ needs. Like their cousins in banking, credit unions (CUs) long enjoyed a relaxed pace of technological change. It was all on their timetable. Not anymore. CUs Are Going Next-Gen.

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PYMNTS

FEBRUARY 23, 2020

To offer expanded services as it pursues a digital innovation strategy of harnessing partnerships to provide an enhanced customer experience, Fifth Third is teaming with Fundation for small business loans. Companies that lack access to capital are not able to grow their operations or have had to cut their headcounts.

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Bank Innovation

MARCH 19, 2020

What is the role of innovation in response to these rapidly unfolding events? For insights into these questions, Bank Innovation and INV Fintech, its sister banking innovation services platform, will present a special Zoom meeting on […]. How will banks and startups work together?

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Bank Innovation

JANUARY 29, 2020

With nearly 200 startups, five major banks, 19 venture capital firms and representation from large tech companies like Google, Facebook, PayPal, Toronto is quickly becoming a center for fintech entrepreneurship.

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Meeting Fintech Study Google 364

Bank Innovation

MARCH 9, 2020

Canadian venture capital firm Portag3 Ventures has appointed Chris O’Neill as partner in an effort to shore up its presence in Silicon Valley. The Toronto-based firm, which recently closed its second fintech fund — valued at $320 million — focuses on direct-to-consumer fintech startups, as well as financial infrastructure companies.

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Capital Fintech Company Innovation Strategies 259

Bank Innovation

APRIL 6, 2020

As small businesses race to apply for Paycheck Protection Program loans from the Small Business Administration, many venture capital firms and startups are figuring out how they can participate, if at all. “We

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Bank Innovation

JANUARY 6, 2020

For Eric Byunn, partner at Centana Growth Partners, tech innovation that supports an intuitive and personalized banking experience of the future has room to grow. Byunn will speak at Bank Innovation Ignite in Seattle on March 2-3, on a panel entitled “Embedded Finance: The Automation of Everything Financial.”

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Bank Innovation

OCTOBER 23, 2019

Luge Capital, a fintech venture capital firm based in Toronto and Montreal, serves a growing ecosystem of startups north of the border. This week, it closed a C$85 milion ($65 million) fund for fintech and AI solutions.

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Bank Innovation

MARCH 11, 2020

At Royal Media, Bank Innovation‘s publisher, we take great pride in the value of our exceptional industry conferences and the effort we put into their production. We rightly view our more than a dozen annual conferences as crucial opportunities for business development in our industries.

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Bank Innovation

DECEMBER 5, 2019

Canadian venture capital firm Portag3 is continuing its global push with the close of a C$427 million ($320 million) fintech fund this week. The firm’s second fund will focus on early-stage startups that cover wealth management, banking and insurance, including direct-to-consumer and business-to-business models.

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Capital Fintech Management Innovation Strategies 221

Bank Innovation

NOVEMBER 21, 2019

Albert Chang, counsel at the Consumer Financial Protection Bureau‘s innovation office, said […]. In light of the increased oversight, however, industry practitioners emphasize the role of AI as a catalyst for a more inclusive process.

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Apple Regulation Innovation Cards 243

Bank Innovation

JANUARY 9, 2020

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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PYMNTS

AUGUST 22, 2019

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. Warder believes that both legacy and challenger banks have the same impetus for innovation and technological experimentation: customer engagement and satisfaction.

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Bank Innovation

MARCH 10, 2020

European payments giant Wirecard, which has a market capitalization of more than $15 billion, is making a bet on freelance personal finance platform Xolo to increase uptake for its banking services. Xolo is a subscription-based freelance accounting and banking platform that allows freelancers to manage cash flow and legal needs.

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Bank Innovation

FEBRUARY 18, 2020

billion in costs and reallocates capital away from underperforming units. HSBC, a global bank with $2.7 trillion in assets, is blazing a new path for its U.S. business as it cuts $4.5 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 […].

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Bank Innovation

MARCH 24, 2020

billion since its 2017 founding, is optimistic about venture capital funding for tech companies, despite current market volatility. Brex, a corporate card and financial product startup that has raised $315 million in equity and reached a reported valuation of $2.6

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PYMNTS

MAY 28, 2018

According to Chain Store Age , the criteria for the award include successful development and executions of product, store, online and service innovation strategies; delivery of an outstanding in-store experience; excellent customer service; and strong financial performance. Founded in 1909 by American businessman H.

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Bank Innovation

OCTOBER 18, 2019

Oliver Schimek, CrossLend’s CEO, told Bank Innovation the funding, which was confirmed this week, will support CrossLend’s expansion efforts, building on the 10 markets in which it currently operates. […].

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Bank Innovation

NOVEMBER 25, 2019

The startup and venture capital ecosystem may profess to be colorblind, but a look at where funding dollars are going presents a different picture. According to recent research, there have been two quarters since 2009 where the proportion of venture dollars going to female founders exceeded 17%.

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Bank Innovation

JULY 23, 2019

For small businesses looking to grow, access to capital is critical for success. The obstacle for many of these companies is big banks’ reluctance to approve loan applications from small businesses, particularly since the last recession.

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Capital Company Innovation Strategies Strategy 170

Bank Innovation

JULY 23, 2019

For small businesses looking to grow, access to capital is critical for success. The obstacle for many of these companies is big banks’ reluctance to approve loan applications from small businesses, particularly since the last recession.

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Capital Company Innovation Strategies Strategy 170

Bank Innovation

AUGUST 15, 2019

Growth Street’s revolving credit facility product is called GrowthLine, which allows small- to medium-sized enterprises to take out working capital loans that range between £25,000 and £2 million (between $30,289 and $2.4 Starling Bank recently added peer-to-peer business lender Growth Street to its in-app marketplace.

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Bank Innovation

AUGUST 14, 2019

billion in venture capital in the first […]. When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders. Its latest fundraising gave Klarna, which facilitates online installment payments, a $5.5

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Bank Innovation

JULY 5, 2019

The growth of capital in play in the private market is changing how private companies, particularly tech startups, find liquidity in the race to go pu.

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BankInovation

JUNE 18, 2020

Upgrade, the personal loan and credit card service provider, plans to launch a mobile bank account by quarter’s end, on the heels raising another $40 million of venture funding from Santander InnoVentures yesterday.? “We’re

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PYMNTS

NOVEMBER 20, 2019

Scotiabank’s Three-Pronged Innovation Strategy. Banks keeping pace with fraudsters developing new data access techniques cannot approach AI development in a simple, regular way, so Scotiabank is moving its technology and implementation strategies outside of its own innovation lab.

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BankInovation

MAY 12, 2020

The very pandemic that has prompted venture capital firms to pull back from fintech funding may be the ultimate proving ground for fintechs. As venture capital firms around the world pull back from the fintech space, funding is on pace to notch another year-over-year decline, according to fresh data from CB Insights today. “As

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BankInovation

JULY 23, 2020

Capital One is leaning into its technology investments and digital roadmap as it looks to rebound from the economic disruption of COVID-19 amid declines in revenue across its credit cards and commercial and consumer banking lines.

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BankInovation

JULY 31, 2020

A banking charter comes with capital requirements and regulatory oversight that will not be appealing to all fintechs,” said Julie […]. Varo Money officially announced today it is shedding the “banking startup” title, as the company has finally received its banking charter after a three-year journey.

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PYMNTS

AUGUST 17, 2017

Jamie Armistead, executive vice president of Digital Channels for Bank of the West , recently spoke with PYMNTS about how startups and tech are informing his company’s innovation strategy. Armistead also spoke to the lesson the bank is learning from smartphone apps to better serve its customers online and in brick-and-mortar locations.

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