Bank Innovation

JANUARY 2, 2019

It's the beginning of a new year, and naturally new trends will take shape. The seed for some trends like voice banking and contactless payments were already planted last year, while others such like core overhauls went relatively untouched last year.

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Bank Innovation

DECEMBER 19, 2017

EXCLUSIVE — The year of 2017 has been marked with more than a few good and not-so-good trends: but we’ll stick to fintech.

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Trends Fintech cryptocurrency Operations 352

PYMNTS

JUNE 19, 2019

million in fresh funding, capital that will go toward “a B2B offering (that allows) individual travel agents at large online travel management companies and tour operators to offer a ‘seamless travel experience’ to their end customers, making the booking experience simpler, faster and cheaper.”. -based startup called Duffel.

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PYMNTS

SEPTEMBER 14, 2017

One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems. Banks get the message.

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PYMNTS

OCTOBER 21, 2019

21), the latest commerce operator to be on the verge of extinction in this age of digital and mobile. According to CNBC , the retailer is “buckling under the weight of an onerous debt load and struggling to compete with better capitalized competition.” Larger Trends. The company owns 458 stores in the U.S.,

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PYMNTS

MARCH 12, 2020

In the global world of eCommerce, said Wang, digital trends that had already started to emerge in the market – around decentralized work, remote communications and pushing global remittances, for example – are now mission-critical in the age of COVID-19. “I An Opportunity for Innovation .

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PYMNTS

DECEMBER 28, 2020

The pandemic has cost more than 300,000 lives in the United States alone, and it has also challenged many institutions — such as credit unions (CUs) — that were never designed to operate on a primarily remote basis. For more on these and other stories, check out the Trackers News & Trends section.

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PYMNTS

JANUARY 8, 2020

It will pay to watch how the insurance industry undergoes innovation and disruption in the coming decade, thanks in part to digital tech, faster disbursements and even more focus on policies crafted for small and medium-sized businesses. The rise of so-called InsurTech stands as one of the most promising trends of the new decade.

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PYMNTS

NOVEMBER 6, 2018

Innovation Challenges. Payments innovation, for starters, is an alien concept for many travel service providers, especially in the U.S. Payments innovation, for starters, is an alien concept for many travel service providers, especially in the U.S. Innovation Willingness. Where is that spark for innovation coming from?

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PYMNTS

JANUARY 26, 2021

Hong Kong’s travel and leisure booking platform Klook has closed a $200 million Series E funding round led by Aspex Management , with participation by Sequoia Capital China , SoftBank Vision Fund, Matrix Partners China and Boyu Capital , according to a press release.

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PYMNTS

JANUARY 17, 2018

Trend Lab, a startup developing artificial intelligence (AI) solutions for the FinTech market, has revealed it secured new funding. Trend Lab was established in less than three months by its Founder and CEO Tin Mok, reports said, who wants to enhance FinTech across Hong Kong and the Asia-Pacific region. “Of

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PYMNTS

OCTOBER 2, 2019

As payments giants like Visa and Mastercard shift the innovation spotlight onto B2B transactions, developers of new accounts payable solutions are ushering in a growing trend: designing payment tools not just for the payer, but for the B2B supplier as well. Hire Ground Turns to SMB Suppliers. Boost Payment Solutions Expands Globally.

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PYMNTS

AUGUST 7, 2019

Those two retail trends have recently collided in Southeast Asia, where Carro, an automotive marketplace and financing provider, reportedly has bought Jualo, an online marketplace for used goods from some 300 product categories. According to the report , the deal comes as Carro raised some $30 million in fresh capital.

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PYMNTS

OCTOBER 27, 2020

The bank has also entered a strategic collaboration with global venture capital firm Anthemis , which has been identifying FinTech companies for the past decade and will now help boost investment opportunity identification, the release stated.

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FICO

MAY 17, 2023

As a company we have spent a tremendous amount of capital and resources, in building and developing what is going to be a platform that will power this vision. Innovation is incredibly important. There is no growth without innovation. There is no growth without innovation. Innovation is the key to growth.

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PYMNTS

JANUARY 19, 2021

According to Suchit Bachalli , CEO of Unilog , thanks to the market's acceleration as a result of COVID-19, the industry is on the cusp of some major innovation. As such, said Bachalli, payments are also at the heart of another key emerging trend in the B2B eCommerce space: loyalty. An Emerging Necessity.

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PYMNTS

FEBRUARY 10, 2017

Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016). The region is also home to an active and fast-growing startup scene.

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PYMNTS

SEPTEMBER 27, 2020

Sezzle , the installments payments platform, will be working on buy now, pay later (BNPL) services with Target , a press release says, which will test how the popular payment trend works with the retail giant's operations. After a recent $55 million capital raise , Sezzle plans to focus more on that area of business.

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PYMNTS

DECEMBER 11, 2019

The funding round was led by Harbert Growth Partners, with other participants including Highland Capital Partners, Camber Creek, Working Lab Capital, Geolo Capital, Revolution’s Rise of the Rest Seed Fund and former Bain Capital Partners MD Mark Nunnelly all participated in the round.

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PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. For more on these and other developments, check out the Trackers News & Trends section.

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Gonzobanker

NOVEMBER 2, 2023

In the throes of managing balance sheets and loan portfolios and at the same time executing daily “run the bank” operations, bankers are faced with the need to continuously develop new customer experiences and scale enterprise capabilities. Once they run buzzwords and innovations through management’s “B.S.

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PYMNTS

OCTOBER 14, 2020

To that end, Ken Gavrity , head of enterprise payments at KeyBank , told Karen Webster that companies must re-examine the most basic operations in order to stay afloat and maybe even thrive – or face existential threats as they mull the great digital shift. Tech helps, of course, but innovation alone won’t solve corporates’ problems.

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Celent Banking

FEBRUARY 24, 2017

This is the fifth article in a weekly series highlighting trends and themes from Celent’s Model Bank submission process. Operations and Risk. Legacy Transformation / IT Platform Innovations. Emerging Innovation. Another critical element of the digitization of these processes is speed. payroll services).

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NCR

APRIL 18, 2018

One particular area of life that could be transformed by ongoing innovation in the payments space is travel. Visa is also looking into innovations to reduce the inconvenience of finding and paying for parking, as well as new approaches to journey planning, ticketing and in-flight experiences in air travel. Image: AsianDream via iStock.

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Innovation Payments Examples Trends 72

Abrigo

NOVEMBER 17, 2023

While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. billion to fraud in 2022, a 44% increase over the prior year and a trend that has continued into 2023. The downturn in the economy has undoubtedly affected fraud statistics as well.

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PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

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PYMNTS

DECEMBER 24, 2020

The evolution of the corporate card this year revealed just how dynamic the payment tool can be for organizations thanks to value propositions like spend controls and visibility, as well as capital float. For buyers, of course, there is the added capital float and opportunity to enhance spend visibility and control. A Recharted Future.

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PYMNTS

JULY 2, 2020

The pandemic is continuing to throw typical business operations for many industries into flux, resulting in disastrous financial consequences. The hope is that these changes will offer SMBs the adaptability they need to keep their operations moving throughout the ongoing pandemic. How the Pandemic Is Driving SMB Lending Innovation.

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PYMNTS

JUNE 26, 2020

It’s required lots of on-the-spot innovation as firms had to massively rethink their operations from the ground up. These are powerful trends which we’ve been seeing over a number of years and, what’s happened over the past few months with the pandemic and the downturn has really been an accelerant for businesses to really latch on.”.

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Payments Software Trends Digital Marketing Channels 176

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

OCTOBER 6, 2019

million investment round led by Lead Edge Capital, with participation from Global Founders Capital and other investors. million, with investors also including Sugar Mountain Capital, Fire & Vine Hospitality and Canlis Restaurant. There is a lot of innovation in food right now, capturing a lot of publicity,” she said. “We

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PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Store Front Business Index: Main Street USA, A-OK? Are SMBs Ready For EMV?

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PYMNTS

DECEMBER 20, 2016

Eager to capitalize on consumers’ desire for mobile payment options, several technology providers and merchants recently rolled out new mobile ordering and payment options. The new product enables industry operators to connect cashless payment options, including mobile wallets and credit and debit cards, to machines and equipment.

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PYMNTS

OCTOBER 1, 2020

In the inaugural edition of the Banking As A Service Playbook: Powering The Next Generation of FinTech Innovation series, PYMNTS examines the trends and technologies that are helping banks, FinTechs and corporations capitalize on the shift to digital banking and payments. Around The BaaS World. About The Playbook.

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Payments Fintech Trends United States 169

PYMNTS

JULY 9, 2020

More recently, commercial card innovators have explored opportunities to gain traction in other spending categories, with accounts payable and supplier acceptance now common targets for B2B FinTechs looking to arm businesses with a way to pay invoices without compromising valuable working capital float. Opening Access To Capital.

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Cards Capital Tools Course 142

PYMNTS

DECEMBER 19, 2019

An explosion of FinTech innovation has jump-started traditional financial institutions’ (FIs) digitization efforts. PYMNTS’ latest Digital Banking Tracker examines the latest trends and initiatives from the banking community to continue pressing forward into the future of financial services.

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PYMNTS

DECEMBER 3, 2019

Big mergers have changed the landscape, instant and same-day payments are gaining ground, and integrated services and point-of-sale (POS) systems are reshaping transactions and even some business operations. Things are still settling, but trends are being set for the 2020s. Merger Wave. It’s a merchant-by-merchant decision.”.

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