PYMNTS

MARCH 17, 2020

One , a new digital banking service in the U.S., The company also announced a Series A funding round that raised $17 million from Foundation Capital, Obvious Ventures and Core Innovation Capital. There’s a gap in the market that’s not being met. There’s a gap in the market that’s not being met.

Digital Banking 130

Digital Banking Capital Innovation System 130

PYMNTS

APRIL 27, 2020

One study recently determined that the number of digital banking users is expected to exceed 3.6 billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired.

Digital Banking 248

Digital Banking Tools social media Mobile 248

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. percent) and large banks (23.8 percent in 2017.

Innovation 157

Innovation Innovation Strategies Survey Groups 157

PYMNTS

JULY 24, 2020

It’s a model based on the concept of collaboration and cooperation, two ideals that have become instrumental in the financial services arena’s payments innovation efforts. ” That global reach also had the CU prioritizing global payments innovation from the get-go. in markets like Kenya, mobile payments are the norm.

Innovation 201

Innovation Payments Leadership National 201

PYMNTS

OCTOBER 9, 2019

Innovation has become such a buzzword that it can be applied to countless solutions and initiatives, from emerging 5G mobile technology and the rise of “smart factories” to using blockchain to trace and track food supply chains to deploying kiosks to personalizing the ordering experience. The State of Innovation. points to 19.3,

Innovation 129

Innovation Study Marketing Maine 129

PYMNTS

JANUARY 31, 2019

31) that it has kicked off the second phase of its initiative to roll out a digital-only retail bank in Africa. In a press release , Standard Chartered said that in response to demand from consumers in Africa, it will launch its digital banking business in Uganda, Tanzania, Ghana and Kenya.

Digital Banking 108

Digital Banking Regional Retail Innovation 108

CFPB Monitor

NOVEMBER 7, 2022

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

Financial Technology 78

Financial Technology Technology Fintech Innovation 78

PYMNTS

JULY 1, 2020

have established an $800 million fund to boost trade finance in emerging markets. Across the globe, the COVID-19 pandemic is disrupting supply chains, decreasing demand, and causing overall market anxiety,” said Paulo de Bolle , global director of IFC’s Financial Institutions Group, in a statement. The International Finance Corp. (

Marketing 232

Marketing Washington New York Fintech 232

PYMNTS

MARCH 2, 2020

A trillion-dollar market cap later, it’s hard to argue Amazon’s effectiveness, quote attribution notwithstanding. It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation.

Innovation 222

Innovation Data System Mobile 222

PYMNTS

AUGUST 16, 2018

It is a very good test market,” Drappa said. The market being small, you can test your product on different population[s] with reduced marketing fees.” Large multinational companies see opportunity in the city: Oracle has picked Brussels to bring its FinTech Innovation Program to the continent, the company announced in June.

Fintech 218

Fintech Marketing Innovation Analytics 218

Gonzobanker

JANUARY 4, 2023

Back in the day, when I was the CIO of a bank, we had a Technology Plan. It was a single document that had every aspect of the bank’s technology goals for the year – hardware, software, vendors, projects (all led by information technology, or IT, by the way) – the entire bank IT budget. digital banking).

Technology 78

Technology System Software Groups 78

PYMNTS

JUNE 3, 2020

The COVID-19 pandemic has removed the choice and forced FIs and customers to interact via digital platforms, though, and brick-and-mortar branches have become auxiliary services with limited use for more complicated financial tasks for those who remain branch-dependent. Confronting Digital Banking Reality.

Digital Banking 131

Digital Banking Mobile Tools Online 131

PYMNTS

NOVEMBER 27, 2019

In addressing the innovation gap that exists between credit unions and their larger financial institution (FI) brethren, credit unions (CUs) may be perceived to be at a disadvantage, at least when it comes to dollars. That’s especially true as millennials come up through the ranks, and are both comfortable and confident in using technology.

Innovation 215

Innovation Millennials Technology Examples 215

PYMNTS

SEPTEMBER 30, 2019

We imagine if presented with an iPhone, penicillin, an automobile or just a ballpoint pen, even the original scribe would have been forced to concede that exciting innovations might be coming up on humanity’s horizon in the intervening 30 centuries. So today (Sept. 30), the card network announced just such a FinTech partnership.

Marketing 211

Marketing Fintech Cards Branding 211

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

JULY 8, 2019

These days, no matter how creative, innovative and disruptive an idea a financial services player may have, the reality is they don’t have a lot of time to sit around developing it. Speed to market is critical, more so today than it has ever been in history. Staying Ahead of an Innovator Client Base .

Innovation 212

Innovation Cards Data Analytics 212

PYMNTS

DECEMBER 14, 2017

Not innovating is not an option. Perhaps in the early days of digital banking and mobile apps, innovative technology was a “nice to have,” but that is no longer the case. The Bank Innovation Readiness Index , in collaboration with payments solutions provider i2c , provides evidence to back that up.

Innovation 162

Innovation Branding Payments Survey 162

PYMNTS

JULY 1, 2020

have established an $800 million fund to boost trade finance in emerging markets. Across the globe, the COVID-19 pandemic is disrupting supply chains, decreasing demand, and causing overall market anxiety,” said Paulo de Bolle , global director of IFC’s Financial Institutions Group, in a statement. The International Finance Corp. (

Marketing 193

Marketing Washington New York Fintech 193

PYMNTS

JULY 25, 2019

Banks need to innovate faster and further when it comes to the technology they use on their online platforms, as to stay one step ahead of bad actors with access to the same technology. Banks need to make sure they’re using tech in ways that keep the fraudsters out, but don’t send customers looking for another service.

Digital Banking 176

Digital Banking Innovation Fraud United States 176

PYMNTS

APRIL 19, 2017

However, the one missing piece that these automated banking features lack is a real human being to interact with during a transaction. The company’s new technological development is intended to bring back the human component to customer service without relying on actual people. An Oscar-Worthy Banking Solution? billion by 2021.

Digital Banking 180

Digital Banking Technology Samsung Meeting 180

Bank Innovation

JANUARY 24, 2017

Edward “EJ” Achtner, Bank of America‘s Head of Digital Banking – Strategy, Platforms, Innovation, and Partnerships, has joined the Bank Innovation 2017 speaker faculty. based bank.

Innovation 150

Innovation Charlotte America Digital Banking 150

PYMNTS

JANUARY 31, 2020

However, the most intriguing development in the Open Banking world is not the impact of these two regulations inside of Europe, but outside of it. Other regulators in Australia, India and Singapore are examining financial innovation rules of their own, using GDPR and PSD2 as guidelines. Open Banking And The Race To Enter Singapore.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

Gonzobanker

MARCH 9, 2022

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. These levels of revenue and EBITDA multiples have never been seen in the history of core banking platforms. Response From The Other Two Big 3 Players.

Financial Technology 149

Financial Technology Technology Fintech Community 149

Bobsguide

AUGUST 10, 2022

GFT has been identified as a leader in the field of digital banking by analyst firm Quadrant knowledge solutions. Cloud native digital banking solutions have set new standards in the industry. New banking entities can now be set up in as little as twelve weeks – compared to years when using legacy technology.

Digital Banking 68

Digital Banking Groups Technology Innovation 68

PYMNTS

OCTOBER 14, 2019

If a bank flags transactions over a certain limit, for example, a bad actor can easily avoid making transactions that surpass it. The continued globalization of digital banking is another issue, enabling quick money movement that can be used by legitimate businesses as well as cybercriminals. AML and the problem of innovation.

Strategy 109

Strategy Fraud Innovation Regulation 109

FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. Currently, Dock has 250 clients that use FICO technologies to fight fraud.

Fraud 52

Fraud Technology social media Innovation 52

PYMNTS

DECEMBER 17, 2019

Headlines are filled with reports of service outages and data breaches , and both banks and consumers are contending with rising fraud concerns as digital banking takes off. Fraud threatens everyone, yet customers rely on their banks for protection. The Technology Gap That Fosters Fraudsters.

Technology 142

Technology Fraud Data Security 142

PYMNTS

JULY 1, 2020

“Migrating to cloud- and AI-based solutions could help FIs handle growing calls for faster banking tools during the COVID-19 pandemic, and recent trends show they are beginning to do so,” according to PYMNTS’ June 2020 Digital Banks And The Power Of The Cloud Tracker® done in collaboration with NuoDB.

System 268

System Digital Banking Tools User Experience 268

Bobsguide

MARCH 21, 2022

Finastra and Union of Arab Banks to accelerate digital banking together. Partnership will see the development of a model digital bank, licensed to Union of Arab Banks members to help them transition into digital banking. However, resource management remains a central challenge.

Digital Banking 60

Digital Banking Innovation Community Regional 60

Insights on Business

NOVEMBER 29, 2018

Now, more than ever, banks must be smarter and faster. Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. Drivers for Operational Innovation. Technology: Create a Project Management Office.

Operations 138

Operations Innovation Management Risk Management 138

PYMNTS

AUGUST 21, 2019

Legacy banks have their work cut out for them if they want to survive another century as key players in the digital banking world. This is driving legacy banks to take a closer look at their own products and strategies, with many rising to the challenge. Around the Digital Banking World. About the Tracker.

Trends 194

Trends Digital Banking Innovation Regional 194

PYMNTS

NOVEMBER 23, 2016

Payment Cloud Technologies announced Tuesday (Nov. 22) the launch of a new digital banking platform dubbed bank.VISION. In a press release , the company said the new banking platform lets organizations provide banking-grade financial services to their customers. The company went on to note that there are 2.5

Technology 100

Technology Payments Meeting Digital Banking 100

PYMNTS

FEBRUARY 3, 2020

Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore, where legacy institutions have traditionally dominated. The news set off a high-stakes race among today’s top global eCommerce, finance and technology players.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

FEBRUARY 27, 2020

Online and mobile banking’s increasing popularity has driven many credit unions (CUs) to embrace self-service models, emphasizing ATMs, digital banking and other remote services, and reducing physical branches’ importance. Being in the top ranks for CU education is not enough to ensure success, however.

Nevada 131

Nevada Innovation Security ATM 131

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. It is not the technology itself that is important, however, but the strategy behind it.

Innovation 132

Innovation Strategy Innovation Strategies Security 132

PYMNTS

AUGUST 24, 2020

Solutions such as Kubernetes and other containers — products that allow banks to more easily categorize, store and scale software and applications on the cloud — could therefore play crucial roles in banking’s digital future. Around The Cloud Banking World. This will allow it to more quickly bring updates to market.

Digital Banking 226

Digital Banking Software System Innovation 226

PYMNTS

JULY 27, 2020

Financial institutions (FIs) are still struggling to respond to the rise in digital banking adoption spurred by the pandemic. The increase in digital banking use has also breathed new life into the discussions surrounding the technology FIs are employing to make sure they can offer this level of support.

Digital Banking 202

Digital Banking Technology Apple Examples 202