PYMNTS

MAY 31, 2018

According to recent research from PYMNTS, the industry’s innovation pacesetters are those who devote the most time to developing new features, products and services. They are also the FIs that allocate the majority of their budget and other resources to testing those innovations. Who are the top-performing financial institutions (FIs)?

Innovation 116

Innovation Data Innovation Strategies Community Bank 116

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. On average, these FIs designate 45.7

Innovation 157

Innovation Innovation Strategies Survey Groups 157

PYMNTS

SEPTEMBER 17, 2019

There is a mountain of friction in commercial payments today that seems to have held the industry back from the kind of rocket-pace innovation propelling retail and consumer payments into the future. The surge in bank-FinTech collaboration seen in recent years has propelled banks’ infrastructure upgrades, too.

Innovation 132

Innovation Payments Cards Industry 132

Bank Innovation

DECEMBER 13, 2019

New data shows why significant gaps in mobile banking capabilities are complicating these FIs’ struggles to keep up. Underlying macro trends where big banks continue gaining share, data on product and feature-level propositions provides a granular view of […].

Mobile 300

Mobile Data Technology Trends 300

Bank Innovation

OCTOBER 25, 2019

In this episode, Suman Bhattacharyya, deputy editor, and Angely Mercado, associate editor, discuss the following news developments: Canadian venture firm Luge Capital’s approach to fintech investments; How banks are navigating Zelle’s UX as transaction volume grows; and […].

UX 170

UX Capital Fintech Video 170

PYMNTS

JULY 18, 2019

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.”

Innovation 155

Innovation Study Technology Millennials 155

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

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

PYMNTS

JULY 29, 2019

This means CUs must be carefully attuned to member’s financial needs and the innovations they want most as CUs invest in new products and services aimed at improving the way members engage with their FIs. In many cases, it also requires partnering with emerging FinTechs that are able to quickly deliver the innovations members want most.

Pennsylvania 173

Pennsylvania Analytics Maryland Innovation 173

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

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

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 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

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

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. Why Cloud Computing Is Critical To Banking Innovation. Developments Around The Cloud Banking World.

Digital Banking 230

Digital Banking Innovation Online Technology 230

PYMNTS

AUGUST 22, 2019

Jamie Warder, head of digital banking for KeyBank , noted that challenger banks’ newfound popularity may be forcing legacy institutions to innovate, granting them more opportunities to better engage and serve customers. “At 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

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 27

Innovation Fintech Analytics Branding 27

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

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

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

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

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

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

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

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

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 25

Innovation Fintech Big Data Innovation Strategies 25

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

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

The Financial Brand

APRIL 10, 2017

Digital innovations using open banking APIs will define future winners and losers in financial services.

Innovation 33

Innovation Big Data Innovation Strategies Strategy 33

Bank Innovation

NOVEMBER 26, 2019

quintillion bytes of data are created every single day. As such, lenders are collecting vast amounts of consumer information and calling it “big data,” a key product to generate insights, support decision making, and enable automation. More than 2.5

Big Data 259

Big Data Data Fintech Innovation Strategies 259

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

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

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

JUNE 15, 2017

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

Fintech 24

Fintech Management Customer Experience Innovation Strategies 24

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