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. In this context, improving efficiency is mandatory.

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Operations Innovation Management Risk Management 138

PYMNTS

SEPTEMBER 28, 2020

Open banking rules have continued to evolve during the global health crisis, but the pandemic has given regulators and financial authorities new questions to tackle. One area where the pandemic may significantly impact emerging data protection and open banking rules is the Middle East and North African region (MENA).

Online 151

Online Report Payments Regulation 151

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift? The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

FEBRUARY 26, 2020

Digital banking and payments firm i2c is partnering with next-generation commerce firm Sightline Payments to deliver cashless, mobile and omnichannel programs to over 45 gaming resorts, state lotteries, digital gaming and sports betting sites across eight states, i2c announced on Wednesday, Feb. There are more than 2.5

Oregon 232

Oregon Pennsylvania Innovation Operations 232

PYMNTS

NOVEMBER 22, 2020

Danske Bank , the Copenhagen-based retail bank, has partnered with FinTech firm Zenegy to roll out a new method for automating payments made with corporate cards, a report from Crowdfund Insider says.

Cards 221

Cards Payments Innovation Regional 221

PYMNTS

MARCH 20, 2020

We see big data and other emerging technologies as a huge opportunity to offer innovative solutions that make financing easier for our customers,” HSBC’s Jeanny Ip, head of global trade and receivables finance in Macau and Hong Kong, told the Post. Eight virtual banks are starting operations this year. The competition will be keen.

Big Data 203

Big Data Lending Regional Operations 203

Bobsguide

FEBRUARY 22, 2022

Through focused, innovative products, services, and a redefined operating model, BDB has been stimulating and driving entrepreneurial activity in the country. The bank was looking for a modern, digital banking solution that would help it transform customer engagement through the delivery of contextual experiences.

Innovation 78

Innovation Customer Experience Strategy Operations 78

Bobsguide

MAY 8, 2022

Cloud has moved from leading edge to the baseline of banking success. A recent GFT survey revealed that 95% of banks adopt cloud to improve time to market, while 86% of them do it to improve innovation and scalability. – A leading European retail bank. BankLiteX, accelerating cloud-based digital banking.

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Compliance Risk Management Digital Banking System 166

Independent Banker

NOVEMBER 25, 2015

Even with technology’s increasing influence on retail banking, it’s not typical for a community bank to have one of its most senior and trusted executives concentrate primarily on leading consumer product and payments innovation. Retail offices: 85. billion-asset, 85-branch community bank based in Rockland, Mass.,

Innovation 70

Innovation Community Bank social media Community 70

CB Insights

MARCH 8, 2018

Digital banking startups — or challenger banks — have gained traction over the past few years by bringing retail banking services mobile. Banks in Fintech: what’s ahead in 2018. Join us for data-driven look at how major banks are approaching fintech investments and taking on insurgents.

Retail 78

Retail Digital Banking Fintech Regulation 78

Accenture

JUNE 17, 2019

Having systems decoupled also helps banks open their ecosystem to third-party service providers, which enable them to create new digital customer journeys that would otherwise be constrained by legacy core banking systems. That’s the route that a mid-sized regional US bank took.

Customer Experience 153

Customer Experience Operations System Software 153

Celent Banking

APRIL 25, 2016

Banco Original is the 3rd step in this digital only bank strategy in the region, becoming the 1st universal digital only bank in Latin America. As part of its strategy to position the bank as different and innovative they launched this advertising campaign featuring Usain Bolt.

America 100

America Digital Banking Strategy Fintech 100

PYMNTS

MAY 30, 2019

HSBC Bank USA, a unit of HSBC Group, announced Thursday (May 30) the launch of Pepper, the humanoid robot it developed with SoftBank Robotics America, in Miami. In a press release , HSBC said Pepper is being deployed in a retail branch in Miami, marking the first time Pepper has been deployed in Florida.

Miami 108

Miami New York City Florida Seattle 108

Gonzobanker

JULY 7, 2015

Yet while the demos and screen shots at events like Finovate have provided fascinating fodder regarding the future of digital banking, the FACTS show that these buzz-worthy players have had infinitesimal impact on market share. Bancorp Bank (Simple/PayPal et al) 1,495,558 4,499,959 3,004,401. Retail Banks $1,271,189,782.

Digital Banking 60

Digital Banking Industry Capital Strategy 60

PYMNTS

NOVEMBER 15, 2019

Deutsche Bank told U.K. Amazon To Build $40M Robotics Innovation Hub Near Boston. Tye Brady, chief technologist at Amazon Robotics , said the new hub will speed-up innovation and will be a “world-class facility, where our teams can design, build, program, and ship our robots, all under the same roof.”.

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Google Payments Apple cryptocurrency 139

PYMNTS

AUGUST 25, 2019

Launched in August 2018, Wanwu Xinxuan is an online retail platform selling children’s apparel, shoes and accessories. Look Who’s Charging is integrated with a number of Australian banks, with data available to millions of Australians within its existing digital banking apps.

Data 109

Data Fintech Lending Regional 109

PYMNTS

NOVEMBER 16, 2020

As noted in this space , the entity fashioned by the merger would take its place as the fifth largest retail bank in the country, and with a presence that spans 24 states, and with a combined asset base of about $560 billion. The deal between PNC and BBVA, then, ostensibly springboards PNC further ahead in its digital efforts.

Google 189

Google Course Strategy Innovation 189

PYMNTS

JULY 30, 2019

The new Credit Union Tracker explores how CUs are finding innovative ways to engage with their members, collect data insights and improve services. According to the latest Credit Union Innovation Playbook , loyalty-based innovation is a top concern among members. Data-Based Innovation Implementation. According to J.D.

Innovation 115

Innovation Fraud Mobile Video 115

CB Insights

FEBRUARY 13, 2020

As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. A decade of online payments innovation. A decade of online payments innovation. One key catalyst for online payment innovation was the introduction of the Payment Facilitator, or “PayFac,” in 2010.

Online 98

Online Company Retail Payments 98

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. Previously, when the bank called customers the average response rate was 25 percent.

Fraud 52

Fraud Technology social media Innovation 52

PYMNTS

JUNE 25, 2019

The addition of the system to the region will add to the speed and convenience of banking, Mastercard said, and more products and services based on the platform will be added in the future. This exciting partnership will build a world first in terms of a cross region and multi-currency faster payments area. “The

Payments 115

Payments Regional System Security 115

NCR

JULY 19, 2016

The renaissance in retail banking is here, and not a moment too soon. banks have closed their doors, and the rest of the world isn’t too far behind. In the last year alone, more than 600 bank branches have closed across Britain. Businesses must focus on the customer experience to drive innovation.

Innovation 40

Innovation Customer Experience Retail National 40

Bobsguide

JUNE 14, 2022

The combined solution, available in the cloud or on-premise, is available to clients in France and the Benelux region, with the potential to expand into other geographies in the future. Paris, France – June 14 – 2022 – Finastra today announced a partnership with Lozenge Analytics, offering the capabilities to Fusion KTP customers.

Analytics 60

Analytics Risk Management Compliance Management 60

NCR

JANUARY 29, 2018

The Hong Kong Monetary Authority (HKMA) has unveiled its plans for a ‘new era of smart banking’ , at the heart of which is the Faster Payment System (FPS), which is scheduled for launch in September 2018. ” Payments innovation in the Far East. Interconnectivity, speed and security. Image: pat138241 via iStock.

Payments 70

Payments ATM Innovation Regional 70

PYMNTS

APRIL 20, 2017

s challenger bank landscape is spreading since regulators have welcomed new competition into the retail banking space. Market entrants are looking to disrupt across a range of segments of the banking industry, but SME finance has become a popular target for these innovators. Sometimes this is a mix.”.

Compliance 110

Compliance Innovation social media Lending 110

NCR

MAY 4, 2017

As I explore in this whitepaper , there are six key areas I believe retail banks should be concentrating on to develop a comprehensive omni-channel strategy, in order to maximize value delivered to the bank and its customers. The opportunities in omni-channel. Then there is the issue of technology.

Strategy 83

Strategy Customer Experience Regional Retail 83

The Financial Brand

FEBRUARY 7, 2021

Some insist regional banks are doomed. But they overlook a midwestern institution that gives away little to the megabanks in retail banking. The post How Huntington Bank Has Quietly Become a Digital Powerhouse appeared first on The Financial Brand.

Regional 41

Regional Branding Retail Branch Strategies 41

Gonzobanker

DECEMBER 17, 2021

The merger of equals activity in 2021 was sky high, primarily because banks with pinched margins from low rates worked to grabbed scale. From nowhere, sizable regional players are being created. Bank Merger of the Year. GonzoBanker of the Year – Bank. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash.

Fintech 143

Fintech Strategy Leadership Lending 143

CB Insights

AUGUST 26, 2021

Retail & consumer. SoftBank has invested in 35 companies in the retail & consumer sector in 2021 so far, making it the most popular sector among its 2021 investments. Digital banking. Meanwhile, AI 100 winner AInnovation brings AI business solutions to clients in retail, finance, and manufacturing.

Regional 94

Regional Fintech Analysis Company 94

American Banker

JUNE 23, 2016

His title may be changing, but Ray Davis' goal of altering the banking landscape remains the same. Davis, who will step down as Umpqua's CEO, will still run its innovation unit with a hope of influencing digital banking in the same way that he shook up retail banking.

Digital Banking 39

Digital Banking Innovation Retail Regional 39

Insights on Business

JUNE 28, 2018

The key difference with these topics, which both play into the open banking agenda, is that they enable banks to innovate with the systems they already have in place. Through this initiative, we are already seeing the start of more a more competitive, collaborative and innovative banking industry.

System 130

System Innovation Industry Technology 130

PYMNTS

MAY 30, 2016

To add insult to injury here, the Census Bureau’s accounting for online sales as a percentage of retail sales may not be keeping up with the reality of what consumers are doing. Digital Banking. The 411 On The Digital Banking Evolution. Digital Identity. Global Fraud Attacks. Financial Inclusion.

Trends 100

Trends Retail Fraud Mobile 100

NCR

DECEMBER 27, 2017

Rather than simply looking back at the past five decades of growth and change for this industry-defining innovation, we looked ahead to what the next 50 years could bring. We also explored the vital role the ATM has to play as consumers continue to show strong demand for cash in various regions, from Europe to Asia. Preparing for PSD2.

ATM 76

ATM Fraud Industry Security 76

PYMNTS

OCTOBER 22, 2019

The conversation happened at a time of big change for legacy financial institutions, given the payment innovation and aid to upstart challengers coming from PSD2, the ongoing consumer move to mobile-focused financial services and other factors. They don’t have the expense and overhead that community banks do.”.

Community Bank 116

Community Bank Community Operations Leadership 116

Gonzobanker

SEPTEMBER 10, 2019

This deal looks good for Temenos, Kony and the banking industry clients of both firms. The digital banking market continues a long burn—this time like the smoke of a Texas summer barbecue. Geneva-based Temenos’ announced the acquisition of Austin, Texas-based digital application provider Kony in a deal totaling $580 million.

United States 88

United States Texas Austin Kansas City 88

American Banker

OCTOBER 31, 2016

The London-based banking giant has named Vivek Yadav chief administrative officer, and Jeremy Balkin as the new head of innovation.

Retail 28

Retail Innovation Regional National 28

PYMNTS

FEBRUARY 9, 2018

Even if Amazon is only delivering groceries – and a big fat benefit to its Prime members – as Karen Webster noted, that might just be enough to start a whole new retail death spiral, spinning off a whole new Amazon flywheel. Coordination fosters a level playing field for innovation – who’da thunk it?

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Regulation Austin Dallas Virginia 134