Bank Innovation

FEBRUARY 10, 2020

As banks continue to explore best practices around handling customer data, insight from core technology provider Fiserv suggests open banking can help banks compete with fintechs and large incumbents alike. “By

Innovation 284

Innovation Fintech Data Technology 284

PYMNTS

JANUARY 24, 2018

High tech comes with high costs, and nearly 90 percent of banks say they lose revenue due to the price of FinTech innovation. Even so, 77 percent say they plan to step up their innovation in the years to come, lest they fall behind these FinTech challengers. gauges where banks are on the road to becoming innovators.

Innovation 144

Innovation Data Innovation Strategies Fintech 144

PYMNTS

NOVEMBER 20, 2019

This rampant availability of users’ data makes it easier for bad actors to wreak havoc and commit fraud. Scotiabank’s Three-Pronged Innovation Strategy. It is really for any new innovations and trends out there, which would include fraud and cyber.”. It is estimated that more than 4.1

Fraud 117

Fraud Data Management Analytics 117

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

Fintech 75

Fintech Capital Data Innovation Strategies 75

Bank Innovation

MARCH 23, 2020

economy are top of mind for banking executives, according to fresh data from INV Fintech. Financial institutions are rushing to reinforce digital channels and ramp up cybersecurity measures as people increasingly work and bank from home, and fears about the longstanding effects the coronavirus on the U.S.

Fintech 259

Fintech Data Customer Experience Innovation Strategies 259

Bank Innovation

JANUARY 13, 2020

Now, it’s making a major bet on doing the same for data between banks and financial startups. billion for Plaid, a fintech firm that connects popular apps […]. grew into one of the world’s most valuable financial companies by serving as the pipes that help connect banks and merchants. Visa agreed to pay $5.3

Fintech 322

Fintech Data Company Innovation Strategies 322

Bank Innovation

JANUARY 31, 2020

Aside from operations and strategy, one of the biggest reasons is limited funding or lack of timely cash flow. A staggering 90% of small- to medium-sized enterprises fail. This is no surprise given that 72% of SME loans are rejected; it takes three months for SME borrowers to get their cash; and still 52% of […].

Lending 332

Lending Data Strategy Operations 332

BankInovation

SEPTEMBER 25, 2020

September has proven to be a busy month in banking and fintech staffing shuffles. JPMorgan Chase made notable investments in its data and analytics efforts, and HSBC USA created a new role centered on diversity and inclusion. Here are […].

Fintech 59

Fintech Analytics Industry Data 59

PYMNTS

JULY 29, 2019

In many cases, it also requires partnering with emerging FinTechs that are able to quickly deliver the innovations members want most. In Pennsylvania, a local CU is working to enhance its members’ financial journeys with improved personalized experiences using data analytics solutions. Around the Credit Union World.

Pennsylvania 173

Pennsylvania Analytics Maryland Innovation 173

BankInovation

SEPTEMBER 25, 2020

September has proven to be a busy month in banking and fintech staffing shuffles. JPMorgan Chase made notable investments in its data and analytics efforts, and HSBC USA created a new role centered on diversity and inclusion. Here are […].

Fintech 52

Fintech Analytics Industry Data 52

Bank Innovation

DECEMBER 20, 2019

While industry players have noted the emergence of fintech “ecosystems” to lock in customer relationships, others point to embedded “experiences” based on data.

New York 243

New York Security Fintech Industry 243

PYMNTS

MAY 31, 2018

The Scaling Payments Innovation Edition of the Innovation Readiness Playbook aims to examine these rare but effective tests, and the ways in which real FIs are incorporating them into their larger innovation strategies.

Innovation 116

Innovation Data Innovation Strategies Community Bank 116

The Financial Brand

NOVEMBER 7, 2016

Banking providers are investing in innovation, changing business models and partnering with fintech firms to respond to digital consumer expectations.

Innovation Strategies 33

Innovation Strategies Innovation Strategy Fintech 33

PYMNTS

JULY 31, 2019

PYMNTS surveyed more than 200 FI decision-makers to examine the specific innovation areas in which banks are focusing on, now, and in the years ahead. We also analyzed how the areas that FIs are focusing on relate to such factors as level of investment, on-time performance and innovation strategy.

Innovation 151

Innovation Report UX User Experience 151

Bank Innovation

NOVEMBER 27, 2019

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, November 29, 2019.

Video 259

Video Fintech Operations Customer Experience 259

South State Correspondent

SEPTEMBER 20, 2022

The theme was how marketing needs to be better integrated into all facets of the bank, from data to talent acquisition, but how other lines of business can benefit from learning marketing. Both ladies detailed the tremendous opportunity, potential fintech partners in this space, and the risks.

Conference 195

Conference Marketing social media Data 195

PYMNTS

AUGUST 22, 2019

Warder recently spoke with PYMNTS about how legacy operations are approaching their innovation strategies amid the rise of challenger banks, and why the latter institutions represent a key progression for the digital banking world. Legacy Banks and the Innovation Game. What I think these FinTechs can do is focus on one area.

Innovation 109

Innovation Digital Banking Fintech US 109

Bank Innovation

DECEMBER 17, 2019

Core banking providers FIS and Fiserv face pressure from banks’ growing in-house tech investments as well as fintech competition, Morgan Stanley reported in a research note this week.

Study 221

Study Fintech Report Innovation Strategies 221

Insights on Business

APRIL 5, 2018

As the financial services industry continues to be disrupted by smaller, agile fintech startups, long-established financial institutions are looking for ways to keep pace. Morningstar is a global leader in independent investment research and data. Equity data – fundamental data and proprietary statistics.

Operations 102

Operations Analytics Software Data 102

Bank Innovation

DECEMBER 6, 2019

The Clearing House (TCH) showed encouraging progress for the digital financial ecosystem last month when they proposed their model financial data sharing agreement. Kabbage and Plaid support simple and uniform rules for data sharing.

Data 221

Data Innovation Strategies Strategy Compliance 221

PYMNTS

MAY 29, 2020

The Tracker also analyzes the challenges established FIs are facing to innovate their platforms and why these banks must fundamentally shift their innovation strategies to meet these challenges. Developments Around The Cloud Banking World.

Digital Banking 230

Digital Banking Innovation Online Technology 230

PYMNTS

JUNE 1, 2020

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. This is similar to the card aggregation solutions that fellow FinTech Curve offers.

Innovation 132

Innovation Strategy Innovation Strategies Security 132

PYMNTS

SEPTEMBER 17, 2019

Yes, there are more solutions available, and yes, new FinTechs are emerging to challenge the status quo and entice traditional banks to innovate. Today, not only are innovations emerging to enhance the world’s existing payment rails, but new rails are also coming into play (like the ones on which Visa B2B Connect operates).

Innovation 132

Innovation Payments Cards Industry 132

BankInovation

JUNE 1, 2020

The Financial Data Exchange (FDX) is trying to create a standardized environment for banks, third-party fintechs and consumers to share financial data. Don Cardinal, managing director of FDX, said the nonprofit has helped about 12 million end consumers transition away from screen scraping since its public launch in 2018. “The

Data 64

Data Fintech Management Customer Experience 64

PYMNTS

JULY 1, 2019

When it comes to technological innovation, however, the smaller players have long been outgunned by larger FIs and their sizable IT budgets. Today, small banks are more aggressive and ambitious in their innovation strategies than medium-sized and large FIs. This is changing — in a big way.

Innovation 157

Innovation Innovation Strategies Survey Groups 157

The Financial Brand

OCTOBER 30, 2018

Innovation in Retail Banking report shows growing commitment to innovation, but insufficient investment in advanced data analytics. The post Fintech, Big Tech Rivals Drive Growing Dedication To Innovation appeared first on The Financial Brand.

Innovation 31

Innovation Fintech Analytics Branding 31

BankInovation

AUGUST 20, 2020

Tucked in the middle of the massive financial services regulatory overhaul that is Dodd-Frank, are about 300 words that still aren’t enforced: Section 1033, which provides consumers the right to access and share their financial data.

Fintech 52

Fintech System Data Innovation Strategies 52

American Banker

APRIL 25, 2016

Cutting-edge jobs — think chief innovation, strategy and data officers — are on the rise at banks and other lenders, and they are drawing free-thinking, tech-savvy candidates from inside and outside of financial services.

Innovation Strategies 28

Innovation Strategies How To Strategy Innovation 28

PYMNTS

JULY 18, 2019

Drilling down a bit, and as detailed in the playbook, the data revealed that as many as 40 percent of smaller banks planned to focus on rolling out new products over the next three years, while only 8 percent of large banks said they were interested in doing the same. Smaller Is Bolder? and beyond. The Courage Factor.

Innovation 155

Innovation Study Technology Millennials 155

The Financial Brand

AUGUST 18, 2020

Adapting a fintech technique may help. Even before COVID socked the economy community banks and credit unions saw local loan demand falling. The post Can Nontraditional Credit Analysis Be Community Banks’ Path to Profit? appeared first on The Financial Brand.

Community Bank 43

Community Bank Analysis Community Branding 43

The Financial Brand

JANUARY 8, 2017

Banks are testing open banking and partnering with fintech firms as ways to improve customer acquisition and retention.

Data 12

Data Fintech Big Data Customer Experience 12

The Financial Brand

JANUARY 8, 2017

Banks are testing open banking and partnering with fintech firms as ways to improve customer acquisition and retention.

Data 12

Data Fintech Big Data Customer Experience 12

The Financial Brand

JULY 19, 2021

Digital banking engagement leads to more customer data and better customer experiences, which leads to greater loyalty and higher profits. The post The Future of Loyalty in Banking is at Risk appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Customer Experience 43

Customer Experience Banking Trends Analysis Digital Banking 43

William Mills

SEPTEMBER 7, 2016

Data can be used to advise clients on where their money is going and provide suggestions on saving money. Data and Analytics are a profit center rather than something that just needs to be managed. Turning Data into Insight and further into Action. With GoodData can productize the data and more. Partner with Geezeo.

Mobile 40

Mobile Cards Fraud Data 40

The Financial Brand

NOVEMBER 7, 2016

Banking is investing in innovation, changing business models and partnering with fintech firms to respond to digital consumer expectations.

Innovation 29

Innovation Fintech Big Data Innovation Strategies 29

The Financial Brand

JUNE 15, 2017

As one of the fastest growing fintech challenger banks, SoFi is expanding into wealth management and deposit services.

Fintech 28

Fintech Management Customer Experience Innovation Strategies 28

The Financial Brand

FEBRUARY 1, 2022

2022 looks to be a turning point for the industry amid the rise of platform business models, ecosystems, AI and end-to-end digitization. The post Four Technology Trends Radically Altering the Banking Model appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Trends 40

Trends Technology Banking Trends Analysis 40