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

Chris Skinner

JULY 20, 2017

One of the presentations I particularly enjoyed at the EFMA meeting was from Gürhan Çam, Senior Vice President- Digital Banking at DenizBank, Turkey. You will all know by now that I love the innovations in retail banking in Turkey, and Gürhan didn’t disappoint. First, there is the fastPay Wallet.

social media 292

social media ATM Innovation Digital Banking 292

Bank Innovation

APRIL 10, 2018

Long before PSD2 arrived ( the European regulation that requires banks to open their platforms to fintechs), the U.K. had already established itself as a hub in Europe for digital banks like Revolut, Monzo etc. And indeed, these digital banks are growing in popularity, at least when it comes to people knowing they exist.

Digital Banking 220

Digital Banking Regulation Fintech social media 220

Bussman Advisory

OCTOBER 6, 2022

The post JPMorgan’s UK digital bank app outage | SWIFT completes tokenization interoperability trial | BlackRock launches EU blockchain ETF appeared first on Bussmann Advisory AG. We offer advisory services for the executive team and in-person or virtual courses with tailored topics.

blockchain 52

blockchain Digital Banking social media Fintech 52

PYMNTS

DECEMBER 11, 2020

Sheryl Sandberg, chief operations officer of Facebook, is pushing back against two antitrust lawsuits filed against the social media giant, CNBC reported on Friday (Dec. Some pundits have expressed concern that holding up mergers and acquisitions could stifle innovation. percent of proposed mergers from 2008 to 2016.

social media 205

social media Digital Banking Groups Innovation 205

Bussman Advisory

SEPTEMBER 18, 2021

The latest edition of the FinTech Ecosystem Newsletter is here : The post JPMorgan to launch digital bank Chase in the UK next week | Goldman Sachs is GreenSky for $2.2B | Intuit confirms $12B deal to buy Mailchimp appeared first on Bussmann Advisory AG. Intuit confirms $12B deal to buy Mailchimp.

Digital Banking 52

Digital Banking social media Fintech Industry 52

Bussman Advisory

OCTOBER 1, 2021

The latest edition of the FinTech Ecosystem Newsletter is here : The post Chase taps 10x for UK digital bank | Private Equity firm KKR makes first blockchain investment | Starling Bank takes its banking-as-a-service to Europe appeared first on Bussmann Advisory AG.

blockchain 52

blockchain Digital Banking social media Fintech 52

PYMNTS

APRIL 10, 2019

As consumers flock to banking apps, succeeding in the world of digital banking is not as easy as it used to be when mobile apps emerged a decade ago. Around the Digital Banking World. However, legacy banks across the globe have been far from idle when it comes to digital and mobile innovation.

Mobile 185

Mobile Digital Banking social media Strategy 185

Bussman Advisory

JULY 2, 2021

The latest edition of the FinTech Ecosystem Newsletter is here : The post Amazon sets a new tone as Jeff Bezos era comes to an end | JPMorgan takes 40% stake in Brazilian digital bank C6 | Mastercard buys Ekata for $850m appeared first on Bussmann Advisory AG.

Digital Banking 52

Digital Banking social media Fintech Industry 52

PYMNTS

JANUARY 14, 2021

Forty-two percent of respondents report using mobile apps as their main source for financial education, and 36 percent report using social media to learn about financial products. Rich media content such as on-demand video, meanwhile, is an appealing tool for accessing relevant, targeted information for nearly half of consumers.

Video 224

Video social media Millennials Data 224

Bussman Advisory

JANUARY 6, 2022

The latest edition of the FinTech Ecosystem Newsletter is here : Interested in FinTech or Digital Assets related Advisory or Workshop? Do you want your board, executives or staff to better understand the impact of FinTech, Blockchain or Digital Assets on the future of finance? Contact us at info@bussmannadvisory.com for more details.

Digital Banking 52

Digital Banking social media Fintech blockchain 52

PYMNTS

FEBRUARY 25, 2020

Banks and legacy financial institutions (FIs) might be wise to study what disruptive technologies recently did to the print publishing industry, taxi cabs, network TV, and a host of other businesses that were disintermediated with little to no warning in recent years.

Mobile 153

Mobile Cards social media Survey 153

Bank Innovation

MAY 14, 2019

It was only a matter of time before confidence in the financial system would be tested by false information on social media. Britain may be getting a glimpse of what could spark the next run on a bank. A dozen years after client withdrawals brought Northern Rock to its knees, photos of customers — admittedly […].

social media 186

social media System Metro Operations 186

PYMNTS

JANUARY 18, 2017

2017 could have some big changes in store for digital banking. As the calendar turned to January, banks rolled out new ways for both commercial and corporate banking clients to conduct business by tapping the potential of several new financial innovations. Notable news from the Digital Banking space.

Data 100

Data social media Report Community Bank 100

PYMNTS

JANUARY 19, 2021

Researchers found that FIs offering “innovative options such as interactive and contextually relevant video content stand to improve engagement and customer experience, especially among younger generations like bridge millennials and millennials.”.

Study 196

Study social media Millennials Retail 196

PYMNTS

JANUARY 30, 2020

In its Q4 2019 earnings release, Facebook reported a 51 percent spike in expenses for 2019, as the social media platform faces more questions from regulators and policymakers. Digital banking efforts took center stage at Goldman’s Investor Day on Wednesday (Jan. FICO’s Take on Debit Security.

social media 141

social media Payments ATM Fraud 141

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. billion-asset, 85-branch community bank based in Rockland, Mass., is not typical. Assets: $7.2

Innovation 70

Innovation Community Bank social media Community 70

Accenture

APRIL 26, 2017

Given that this trend is coinciding in with an ongoing shift by younger consumers towards more innovative channels—the likes of wearables, social media and instant messaging—it’s possible that the continued strong usage of branches is a transitory effect. Figure 5: Would you be interested in using the following banking models?[5].

Millennials 233

Millennials social media Innovation Study 233

Bank Innovation

NOVEMBER 8, 2016

For all the talk of banks going digital, few major brands have launched digital offshoots — in the U.S., based Customers Bank, and that’s about it. In Europe, there are more examples — two prominent ones are Hello bank! There is BankMobile, launched from Wyomissing, Pa.-based

Digital Banking 210

Digital Banking Examples Branding social media 210

Accenture

OCTOBER 3, 2017

Based on this survey of over 2,000 consumers, it’s clear that online retailers, tech firms and social-media players face an uphill battle to convince consumers to allow them access to their financial data. Especially since over half of them say they’ll never change their banking habits and adopt open banking. So why not?

social media 151

social media Millennials Online Fraud 151

PYMNTS

SEPTEMBER 28, 2020

The aim of doing so is to create a more robust framework for digital banking. Yet many Middle Eastern countries are operating under data privacy or protection rules that have not been upgraded in decades, something that could leave their banks, businesses and consumers open to increasing fraud.

Online 151

Online Report Payments Regulation 151

Bank Innovation

JUNE 27, 2018

The bank's innovation team, which unveiled its SoftBank Robotics-run robot Pepper yesterday, hopes that this will draw more traffic into the branch, and thus increase business. The innovation team at HSBC […].

Video 207

Video New York Innovation social media 207

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. You can read more about this story in the full media release. FICO® Falcon® Fraud Manager which protects more than 2.6

Fraud 52

Fraud Technology social media Innovation 52

Bank Innovation

DECEMBER 7, 2018

JPMorgan Chase released a new online ad for its digital bank Finn on Wednesday. Finn is a digital bank account offered by JPMorgan as part of a strategy to attract new customers without the expense of supporting branches […].

Online 150

Online Digital Banking Strategy social media 150

Bank Innovation

MARCH 29, 2019

Digital bank TymeBank and conversational banking technology provider Finn AI have teamed up to bring a low-cost, AI-powered experience to underserved consumers as well as small and micro businesses in emerging markets.

Digital Strategies 186

Digital Strategies Strategy Digital Banking Technology 186

PYMNTS

OCTOBER 19, 2016

Around the Digital Banking world. As smartphones become a more crucial part of consumers’ financial lives, companies around the digital banking space recently rolled out improvements or upgrades to the security and financial features to their mobile apps. About The Tracker.

Regulation 100

Regulation Cards Digital Banking social media 100

Insights on Business

DECEMBER 10, 2017

Banks, on the other hand, in addition to understanding complex regulations and having greater access to capital, know their customers and have their trust. Banks provide trust and infrastructure to a partnership with fintech. Banks are also innovators. Think modular – building with blocks.

Fintech 115

Fintech social media Apple Google 115

PYMNTS

AUGUST 17, 2017

But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers. Armistead also spoke to the lesson the bank is learning from smartphone apps to better serve its customers online and in brick-and-mortar locations.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

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

PYMNTS

APRIL 22, 2020

FIs should thus consider which details they are using during this process, as access to valid and current data is critical, and its impact on authentication and customer satisfaction has grown as more users start asking for digital banking services over in-person ones.

Security 133

Security Data Fraud Tools 133

PYMNTS

SEPTEMBER 8, 2020

In the mad dash for small firms to secure capital, many sought their PPP loans from banks other than their usual financial service providers, creating a logistical nightmare for financial institutions (FIs) that still rely on manual and outdated customer onboarding workflows.

Fintech 198

Fintech Compliance Fraud social media 198

NCR

MARCH 5, 2018

For example, it has bought a big data company, Madiva, and digital design specialist Spring Studio in the last few years, as well as taking stakes in digital banks in the US, the UK and Finland. The bank also invests in new fintechs through its venture capital firm. What do banks need to be effective?

Technology 84

Technology Company social media Examples 84

American Banker

JUNE 17, 2016

Even though innovative underwriting criteria can help more people get credit, the risks and potential harms of mining social media data to make loan decisions might just be too great.

social media 28

social media Innovation Data Digital Banking 28

PYMNTS

APRIL 4, 2019

Consumers’ preferences are undeniably shifting digitally when it comes to banking and financial services. According to a recent study by Citibank , 31 percent of consumers use their mobile banking app more than any other — placing mobile banking behind only social media and weather for most frequented mobile destinations.

Mobile 169

Mobile Study Security social media 169

Insights on Business

JANUARY 22, 2016

Digital forces are transforming industries beyond recognition. Big data, mobility, social media and cloud computing are changing the way people live, work and think – and forcing banks to develop new strategies to meet ever-shifting customer expectations. Time is of the essence. Engage first, sell later. The new normal.

social media 79

social media Analytics Innovation Big Data 79

Banking 2020

SEPTEMBER 23, 2014

Question: Community branch, personal service, mobile banking—which is the odd one out? For some time now, there have been discussions about the future of community banks in the age of digital banking. By contrast, the very idea of digital communication seems cold and distant and impersonal. Answer: None.

Community 55

Community social media Community Bank Big Data 55

Insights on Business

JANUARY 22, 2016

Digital forces are transforming industries beyond recognition. Big data, mobility, social media and cloud computing are changing the way people live, work and think – and forcing banks to develop new strategies to meet ever-shifting customer expectations. Time is of the essence. Engage first, sell later. The new normal.

social media 70

social media Analytics Innovation Big Data 70