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Why Drive, Not Size, Is Key To FI Innovation

PYMNTS

Smaller banks and credit unions enjoy a reputation of offering more personalized services than large financial institutions (FIs). When it comes to technological innovation, however, the smaller players have long been outgunned by larger FIs and their sizable IT budgets. percent) and large banks (23.8 percent in 2017.

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What Legacy FIs Miss About The Need For Cloud-Based Infrastructure

PYMNTS

In the May edition of the Digital Banks And The Power Of The Cloud Tracker , PYMNTS examines how both legacy and challenger FIs are using cloud technologies to enhance their online offerings. Challenger banks are continuing to employ cloud technologies as legacy financial entities take their own steps forward. About The Tracker.

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Why Bunq Banks On The Cloud For An Innovative Edge

PYMNTS

That is why it is critical for FIs to build out networks that can handle an increased amount of transactions or swiftly analyze large reams of data, according to Ali Niknam , CEO and founder of European digital bank Bunq. The third benefit is becoming critical to the evolving banking industry.

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In Banking Innovation, Eyeing The Needs Of The ‘Digital Native’

PYMNTS

Depending on where you look, the chasm yawns wide when it comes to innovating with new technologies or features. In a PYMNTS interview with Karen Webster, Joe DeRosa, EVP of Global Sales at i2c , discussed the findings of the July 2019 Innovation Readiness Playbook , subtitled “Leveling the Playing Field for Different-Sized FIs.”

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How Scotiabank Manages Fraud Protection For A Data-Driven Future

PYMNTS

This rampant availability of users’ data makes it easier for bad actors to wreak havoc and commit fraud. Scotiabank’s Three-Pronged Innovation Strategy. ” The FI is combating global fraudsters’ sophistication with technology like AI, as well as educational seminars for both its business and retail banking customers.

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New Digital Experiences Keep Credit Unions Relevant – And Then Some

PYMNTS

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

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TD Bank: Digital growth drives results

Bank Innovation

TD Bank’s digital strategy is showing results. The bank said it’s investing heavily in digital channels, making it the largest digital bank in Canada. TD noted that, according to App Annie data, the bank is ranked No. The bank saw a net […].