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New NACHA Rule Could Catch Payment Processors, Merchants, FIs Off-Guard

PYMNTS

Among the highest ideals for digital payments – driving innovation in transactions and customer experience – is, of course, the concept of seamlessness. The rule change is the subject of a recent white paper published by GIACT. That implies an ease of use while giving up nothing when it comes to security.

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Key Takeaways from the OCC Forum on Supporting Financial Innovation

CFPB Monitor

While the CFPB has not yet held a public event devoted to FinTech or financial innovation, the Office of the Comptroller of the Currency (OCC) recently held a Forum On Supporting Financial Innovation in the Federal Banking System to discuss the agency’s approach to FinTech and other innovative products.

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37 Corporate Innovation Labs In Finance

CB Insights

One popular approach: in-house financial innovation labs. We’ve created a list of finance innovation labs from some of the biggest names in the industry, as well as from newcomers looking to make a name through tech. We’ve written about corporate innovation theater before — and how sometimes corporate innovation goes wrong.

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Giving Big Data Decision-Making A Real-Time Touch

PYMNTS

Joe DeCosmo , Chief Analytics Officer of Enova Decisions , says that it’s clear that even with access to big data, not harnessing it in the most efficient way can lead to some major challenges in driving innovation. Innovation through analytics drives business performance, growth, customer satisfaction and bottom-line results.”.

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The Modern Currency

Independent Banker

By capturing and analyzing each customer relationship and its behavioral patterns, in real-time, integrated CRMs allow all bank staff to see the data and use it to create a truly exceptional customer experience, leading to higher wallet share, increased loan growth, better customer acquisition and healthier deposits.

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Who says you can’t save your way to prosperity?

Insights on Business

Using technology – especially hybrid cloud technology – to ruthlessly simplify and standardize while driving continuous innovation. Delivering frictionless and engaging experiences, using both in-house data and social media to anticipate customers’ wants and needs. ibm.com/marketing/iwm/dre/signup?

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Vantiv, Now Worldpay: A Decision Management Maturity Rockstar!

FICO

Improved the customer experience, resulting in accelerated business growth. To start the decision management journey and assess your organization’s own decision management maturity, download the white paper, “ FICO Decision Management Maturity Model and Map.” Reduced portfolio risk and lower costs.