PYMNTS

JULY 10, 2020

And while payments tools indeed must be wary of the complex and ever-changing compliance requirements unique to the cannabis market, there is opportunity, he said, for the marijuana sector to eventually become a powerful influencer over other industries’ adoption of solutions like optimized B2B payment tools.

Innovation 210

Innovation Payments Tools Compliance 210

Bank Innovation

SEPTEMBER 14, 2018

Banks and fintech ranked artificial intelligence and machine learning as their top innovation priority, according to a Bank Innovation survey. Bank Innovation asked people in the banking and fintech community to list what’s top on their innovation wish list.

Innovation 186

Innovation Survey Fintech Community 186

Bank Innovation

SEPTEMBER 27, 2017

What is the state of banking innovation today? Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation? Each year, we poll the industry to find out.

Innovation 257

Innovation blockchain Fintech Industry 257

Bank Innovation

NOVEMBER 15, 2017

EXCLUSIVE- Bank Innovation has released the agenda for its seventh annual fintech conference, and it is completely overhauled to enhance the event experience for attendees.

Conference 225

Conference Innovation Fintech How To 225

PYMNTS

SEPTEMBER 8, 2020

While consumer onboarding for banks and FinTechs has seen immense innovation in recent years, the same cannot be said for business customers, according to Kyle Mack, CEO of Middesk. 8), the company announced that it has joined Visa's Fintech Fast Track Program to help emerging FinTechs optimize their own business identity strategies.

Fintech 198

Fintech Compliance Fraud social media 198

Bank Innovation

JUNE 15, 2016

Bank Innovation today officially launches BankBoost, a new app that fosters information discovery in the fintech industry. BankBoost is an “answerbase,” which means it is an app for getting questions to your fintech questions. Users can post on any fintech topic and seek answers from the Bank Innovation community.

Innovation 150

Innovation Fintech Community Industry 150

CFPB Monitor

JUNE 7, 2022

On May 25, 2022, my colleagues, Mike Gordon, John Culhane and Ron Vaske published a blog which reported on a press release issued by the CFPB on the prior day entitled “CFPB Launches New Effort to Promote Competition and Innovation in Consumer Finance.” However, this is not the primary focus of the Office of Competition and Innovation. .

Innovation 78

Innovation Compliance Conference Operations 78

PYMNTS

AUGUST 29, 2019

Small businesses have historically been deemed as unprofitable by major banks, with FIs’ innovation efforts often prioritizing consumer products, followed by commercial banking offerings. In India, Visa recently announced a partnership with FinTech Open to introduce new small business banking services. banking operations.

Fintech 173

Fintech Innovation Lending Digital Banking 173

Bank Innovation

JANUARY 23, 2019

Toronto-based fintech Operant.AI Operant Founder and CEO Allan Fisch said at a meetup yesterday at Bank Innovation’s headquarters in New York that a consortium would allow the FIs to contribute anonymized data on the performance of their third-party […].

Operations 170

Operations New York Fintech Data 170

PYMNTS

JULY 7, 2020

This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings. Build, buy or partner? Finastra Chosen by Community FI. Faster Payments scheme.

Community Bank 242

Community Bank Community Fintech Regional 242

Bank Innovation

JANUARY 22, 2019

IBM, one of the world’s largest technology companies, has agreed to sponsor Bank Innovation Ignite, which explores new ideas and technologies needed to push banking forward. Bank Innovation Ignite, March 11-12 in Seattle, offers high-level discussions and networking around the future of what’s next in banking.

Innovation 170

Innovation Seattle Fintech Technology 170

Bank Innovation

JUNE 27, 2019

On Tuesday, Beth Knickerbocker, the chief innovation officer for the Office of the Comptroller of the Currency (OCC), delivered testimony to the House of Representatives' Task Force on Financial Technology. The Innovation Pilot Program would […].

Innovation 170

Innovation Report Financial Technology Fintech 170

PYMNTS

APRIL 12, 2019

But FinTechs and financial institutions are increasingly crafting partnerships designed to help them both thrive in this global world of digital payment and commerce. More specifically, in Australia, contactless presents itself as a very promising area around which to build such partnerships and innovation.

Fintech 168

Fintech Innovation Mobile Payments 168

PYMNTS

MAY 24, 2019

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. FinCEN expects to hold events in the Washington, D.C.

Innovation 124

Innovation US Metro Washington 124

PYMNTS

OCTOBER 28, 2020

This puts them at risk of losing customers to more agile FinTechs that lack these issues. This growth is in part being driven by new investments in payments automation, particularly those that reduce the impact of compliance-related barriers. For more on these and other payments modernization news items, download this month’s Tracker.

Payments 219

Payments Compliance Fintech Innovation 219

PYMNTS

JANUARY 6, 2021

And according to Doug Brown, senior vice president and general manager of digital banking at NCR , simplicity and innovation have turned what could have been a disastrous year into a transformational pivot for the better. Brown said in a recent conversation with PYMNTS’ Karen Webster. Nudging Evolution.

Innovation 318

Innovation Data Examples Community Bank 318

Insights on Business

JULY 26, 2018

IBM RegTech Innovations. One of the best things about working at IBM—and in the RegTech field in particular—is meeting daily with the engineers and developers who are driving technological innovation in the financial industry. IBM driving innovation. Consider, for example, the blockchain space.

blockchain 151

blockchain Innovation Customer Experience Compliance 151

Bank Innovation

APRIL 27, 2018

EXCLUSIVE - Technology services provider Synechron launched a regtech program focused on helping its financial services clients on regulatory compliance issues. The program, which Synechron refers to as its Regtech Accelerator Program, went live yesterday.

Compliance 236

Compliance blockchain Technology Operations 236

Bank Innovation

JANUARY 24, 2019

INV Fintech, the technology accelerator run in partnership with Fiserv, has opened its Demo Day event to financial institution executives attending Bank Innovation Ignite. Previously, only INV Fintech members were permitted to attend Demo Day on March 11 in Seattle.

Innovation 150

Innovation Seattle Fintech US 150

PYMNTS

OCTOBER 18, 2017

Innovation is oxygen in payments. For financial services firms, innovation is spurring speed, killing friction and fostering loyalty among customers. That, itself, begs the question: What is innovation, really? explained there is wide variation in the definition of innovation.

Innovation 140

Innovation Compliance Community Bank Strategy 140

Bank Innovation

FEBRUARY 11, 2019

BNY Mellon is on the hunt for fintech partnerships related to popular technologies like blockchain, data analytics, and AI, but also those related to more obscure technologies like natural language generation, Lucien Foster, head of digital partnerships at BNY, told Bank Innovation. “We We explore all technologies,” Foster said. “We

Fintech 186

Fintech blockchain Analytics Innovation 186

Bank Innovation

MARCH 25, 2019

Eleven startups participated in the Demovation challenge at the Bank Innovation Ignite conference in Seattle earlier this month. These startups, diverse in focus, comprised a wide range of the fintech ecosystem, including payments, security and blockchain.

Fintech 186

Fintech Seattle Conference blockchain 186

CFPB Monitor

SEPTEMBER 14, 2021

Last week, the Federal Reserve Board published a paper on partnerships between community banks and fintech companies, “Community Bank Access to Innovation through Partnerships.” The Fed’s publication of the paper is another indication of the increased attention that regulators are paying to bank relationships with fintechs.

Fintech 78

Fintech Community Bank Community FDIC 78

PYMNTS

MARCH 4, 2017

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to recognize the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .

Innovation 191

Innovation Data Fintech Exercises 191

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. FIs themselves struggle with fully understanding how this industry operates, too. As Karalevi?ius

cryptocurrency 283

cryptocurrency Compliance Regulation Payments 283

PYMNTS

NOVEMBER 12, 2019

Innovation in the accounts payable (AP) space continues to expand, with FinTechs looking to capture their piece of a growing market driven by businesses’ desire to digitize their operations. Below, PYMNTS rounds up the latest examples of how AP innovators pull suppliers’ accounts receivable processes into the fold.

Innovation 124

Innovation Digital Strategies Payments Tools 124

PYMNTS

JUNE 9, 2017

In an interview with PYMNTs after a webinar by the pair titled, “Financial Services Innovation — The Risk of New vs. Nothing,” John Epperson, principal at Crowe Horwath LLP, and Jason Henrichs, managing director at FinTech Forge , discussed the challenges and rewards of embracing change, even as firms are mindful of what works.

Innovation 109

Innovation Compliance Technology Data 109

Bank Innovation

AUGUST 21, 2018

These are the three questions Comerica Inc’s EVP and CIO Sangy Vatsa asks himself before every major innovation project. Since then the bank’s innovation team has consistently […]. Vatsa joined the Dallas-based Comerica as chief information officer a little over two years ago, in 2016.

Innovation 186

Innovation Dallas Operations Online 186

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. That doesn’t mean it’s been easy. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets.

Fintech 144

Fintech Lending Regional Regulation 144

Bank Innovation

APRIL 5, 2016

Bank Innovation INV today announces the addition of Navy Federal Credit Union as a member of Bank Innovation INV, the revolutionary fintech accelerator. INV, which was launched in January, is the first non-geographically specific fintech accelerator open to startups from anywhere in the world. Read More.

Innovation 150

Innovation Fintech social media Operations 150

Bank Innovation

DECEMBER 6, 2016

Fiserv, a leading banking technology company, has signed on as the headline Diamond sponsor of Bank Innovation 2017. Bank Innovation 2017 is this blog’s annual gathering on ideas and opportunities in fintech.

Innovation 150

Innovation Fintech Technology Company 150

Bank Innovation

FEBRUARY 18, 2019

The conference, which took place here on February 11 to 14, saw barely a mention of Brexit amid the discussions on global and European fintech innovation. Unless of course, you attended Finovate Europe. This points to what seems to be the reality of […].

Fintech 186

Fintech Conference Course Innovation 186

PYMNTS

SEPTEMBER 29, 2017

Banks are finding it more difficult than ever to ignore potential FinTech partnerships that could better serve their corporate customers. When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. Staying Updated.

Fintech 141

Fintech Risk Management Compliance Management 141

Bank Innovation

DECEMBER 24, 2018

In my career to date working for innovative fintechs – including my current role at Finastra – I have had great opportunities to create, build and structure high-performing teams, and have enjoyed every minute of it. One of the main lessons learned is that what really makes teams work is having not just the best […].

Innovation 170

Innovation Maine Fintech Operations 170

Bank Innovation

JANUARY 17, 2019

This newfound attention is compelling the biggest names in fintech to prioritize a part of their business that’s often ignored. Several financial-technology companies are looking to staff up in regulatory compliance, according to job posting data reviewed […].

Regulation 150

Regulation Fintech Compliance Financial Technology 150

Bank Innovation

MARCH 7, 2019

Fresh off a $400 million funding led by SoftBank, fintech lender OakNorth is close to establishing its first bank partnership in the U.S., which will also serve as its entry into the country, Bank Innovation has learned. Based in London, OakNorth is part challenger bank, part vendor.

Fintech 186

Fintech Innovation Operations Capital 186

PYMNTS

MAY 30, 2018

On top of that, there’s the complication of doing all of it with legacy systems that can’t always withstand innovative changes, new business models or the latest wave of digital disruptors that seem to be upsetting the industry applecart. Why Banks Need FinTechs. Why FinTechs Need Banks. There’s a good reason for this.

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Fintech Regulation Compliance Innovation 160