JPMorgan: A Digital Strategy Without A Data Strategy Is No Strategy

PYMNTS

These are busy days for Lisa Davis , managing director, head of digital channels at J.P. No matter the client, she said, as they make their respective ways across their digital journeys, J.P. To get there and to have a coherent and comprehensive digital strategy, J.P.

Wells Fargo to Use Google, Microsoft Azure Cloud Services to Support New Digital Strategy

PYMNTS

Wells Fargo has debuted a new digital infrastructure strategy, which will use a multicloud method with third-party data centers to drive speed, agility and scalability, according to a press release.

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Wells Fargo taps Williams to drive digital strategy forward

Mobile Payments Today

Wells Fargo is looking to focus its digital banking strategy as it emerges from the COVID-19 lockdown and completes an organizational restructuring

Digital Strategy Practice

CCG Insights

Digital transformation, once a longer-term initiative, has suddenly become essential to providing banking services in a changed environment where branches and face-to-face meetings may no longer be an option. The post Digital Strategy Practice appeared first on CCG Catalyst Consulting Group.

Credit Unions Encouraged To Get Aggressive With Digital Strategies

PYMNTS

For example, the digital channel — which had already been growing quickly to take up more of the holiday spending pie in recent years — is exploding as the pandemic has pushed consumers away from shopping in physical stores. The double-digit percentage growth didn’t come as much of a surprise.

Lloyds Bank Marks $4.1B for Digital Strategy

Bank Innovation

billion) for digital development and growth, the bank announced today. The investment will be spread out over three years, allowing the bank to expand its technologies in order to compete with the increasing number of fintechs and digital banking providers. Exclusive Online digital banking Lloyds Bank online bankingBritish bank Lloyds has put aside £3 billion ($4.1

McDonald’s Aims To Become McData As Digital Strategy Takes Center Stage

PYMNTS

And a motto for the quick-service restaurants (QSRs), for the marquee names such as Pizza Hut and Chipotle and McDonald’s, the motto may be: Go digital or go home. And a bit more than half of restaurants believe that digital payments will help pave the way toward success.

Develop Your Digital Strategy for Flexibility & Relevance

ZootBlog

The post Develop Your Digital Strategy for Flexibility & Relevance appeared first on Zoot Solutions. Customer Experience Operational Efficiency Risk Management Trends customer experience digital banking innovation mobile banking online banking risk management user experience

Arvest Bank Partners with Thought Machine and Accenture For Digital Strategy

Banking Exchange

New software will allow Arvest to step ahead of the competition Community Banking Customers Feature3 Fintech Feature Financial Trends Digital Technology.

BofA Opening More Financial Centers to Support Digital Strategy

Bank Innovation

While many banks are shutting down branches, Bank of America is adopting a "high-tech, high-touch" strategy, which will result in the addition of 350 branches, or what it calls "financial centers," across the country over the next two years. Once these new financial centers are opened by 2021, "our network will provide coverage for more […]. Artificial Intelligence Exclusive Payments Premium Retail artificial intelligence Bank of America Erica JPMorgan Chase Zelle

Goldman And BofA Earnings: A Tale Of Two Banks (And Digital Strategies)

PYMNTS

Digital initiatives too, of course. Acquisitions may come in the digital banking space, and not on augmenting any physical footprint (such as through branches). Earnings Bank of America banking Banks Consumer Spending Digital Banking Goldman Sachs News

Bombas: Socking Up With A DTC Digital Strategy

PYMNTS

As it heads into 2020, however, the question Bombas is tackling is how to do more with that in terms of the digital experience. eCommerce Afterpay Bombas checkout customer experience data digital platforms ecommerce Featured News homeless shelters News Payment Methods socks

BTG’s CEO Presses Digital Strategy in Midsize Banking Push

Bank Innovation

Bloomberg Corporate Cryptocurrency Daily Post 4 Exclusive Lending Operations Premium Sales & Marketing big data analytics Brazil Cloud Computing digital bankingRoberto Sallouti feels like he just went through college all over again. The 47-year-old chief executive officer of Banco BTG Pactual SA, a fixed-income trading veteran, said he spent the past four years digging into subjects such as cloud computing, performance marketing and data-analytics metrics.

Coronavirus pandemic puts Ingenico, Diebold digital strategies to the test

Payments Source

The point of sale terminal industry was already under pressure to go digital before the coronavirus pandemic made this transition much more crucial to its survival. Acquirers Point-of-sale Digital payments Ingenico Coronavirus Diebold Nixdorf

U.S. Bank Chief Innovation Officer Dominic Venturo Talks Digital Strategy

Bank Innovation

One of the largest retail banks in America has a simple yet multifaceted innovation strategy. Bank Executive Vice President, Chief Innovation Officer, Dominic Venturo, on which direction the bank is headed, digitally. Bank Innovation spoke with U.S The conversation below has been edited for brevity and clarity. Bank Innovation: Last quarter we reported that U.S. Bank […].

Nordstrom’s Growth Plan Focuses On Digital Strategies, Off-Price Brand

PYMNTS

Looking ahead, we are building on the strengths of our market strategy to fully unlock the potential of the digital-first platform we have built to better serve customers, gain market share and drive profitable growth," he added. Ahead of its Thursday (Feb.

Banks Need To Stop With The “Digital Strategy”

Banker to Banker

Indra Nooyi, Pepsi’s CEO, wanted to put more emphasis on design. She gave each executive a photo album and a mission to go capture designs that “inspire.” It was a simple assignment, but only a few managers completed the task and of those that did, half of those had their spouse do it for them. Those that did do it, just stuck with superficial changes such as changing the shape of their bottle, the label and the color of Pepsi’s blue

TymeBank’s AI-Powered Chatbot Key to Low-Cost Digital Strategy

Bank Innovation

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. Operations Premium Retail Social Media AI artificial intelligence chatbots digital banking Finn.ai

Make Website Compliance Reviews A Core Part of Your Digital Strategy

Strategically Speaking

Recent years have seen an increasing focus on the digital presence of financial institutions (FIs). And with the current era of COVID-19 we are living in, FIs are feeling even more pressure to go digital. Digital

Retailers Rethink Store Concepts, Digital Strategies Amid New Realities

PYMNTS

In many cases, the stores have been slow to develop their own eCommerce strategies. Nordstrom , the Seattle-based fashion retailer, has aggressively pursued changes in both its in-store presentation to customers and its drive to improve its omnichannel approach with changes to its digital operations. In a presentation last month, CEO Anne Bramman said she expects digital sales to grow about 26 percent in 2017, up to 40 percent by 2022.

Underbanked women a focus of Visa, Mastercard's digital strategies

Payments Source

Visa and Mastercard are driving digital transactions by financially empowering women in emerging markets who are unbanked but manage their families’ spending. Digital payments Financial inclusion Gig economy Visa Mastercard Latin America India PakistanThe card networks are particularly targeting women in gig economy jobs and women-owned businesses.

MasterCard CFO On Its Digital Strategy

PYMNTS

JPMorgan’s payments analyst, Tien-tsin Huang, asked about the state of the firm’s digital business. In response, the MasterCard executive said: “From a digital point of view, this is not a separate product line item for us. In fact, we are looking at digital as totally connected to the … 16-digit card number that you have on a prepaid card, on a commercial card, on a credit card, on a debit card. Mastercard digital MasterCard payments What's Hot

3 Fundamentals Every Digital Strategy (Still) Needs

Perficient

I’m talking about the additional resources your CFO may be freeing up for new digital initiatives. Becoming digital is the best way to keep pace with changing market realities and customer expectations. Step one is to create a plan for digital investment.

TaskRabbit Acquisition Is Latest Move In Ikea’s Digital Strategy

PYMNTS

Ikea has been looking for ways to boost its digital customer service capabilities, as Amazon and other digital-first rivals are stepping up their game in terms of home goods and installation. TaskRabbit , the contract labor marketplace startup known and loved within the gig economy, has been purchased by Swedish home goods giant Ikea. TaskRabbit will become an independent subsidiary within Ikea, according to CNBC.

Are There Digital Strategy Lessons Financial Institutions Can Learn From Other Industries?

Perficient

As the financial services industry continues to go through its digital transformation, executives are craving new strategies and tactics to help position them against their competitors. Well one of the biggest challenges right now is humanizing the digital experience.

Shifting gears: Executing digital strategy at two speeds

Accenture

Digital disruption has opened up the competitive playing field in banking. Other players include large digital leaders who are extending banking services into non-banking digital ecosystems where they are. Everyday Bank Featured Digital Banking trendsFintech start-ups are influencing customer expectations and affecting specialized revenue streams.

JPMorgan revamps digital strategy team after three leaders exit

American Banker

JPMorgan Chase is staking its consumer-banking strategy on digital technology. Women in Banking Digital banking Consumer banking JPMorgan ChaseIn 2020, that push will be spearheaded by a new team of executives.

Walmart’s Digital Strategy Faces Big Public Test This Holiday Season

PYMNTS

This season will see Walmart carrying a digital product assortment of 23 million goods. Whether or not its own corporate mass and inertia will allow for the proper execution of these strategies is anybody’s guess right now, but 2016 was a step in the right direction for the company.”.

Digital strategy: Does your bank have one?

ABA Community Banking

Mobile account opening, fintech partners, analytics, and more all must blend for success Management Lines of Business Technology Fintech. 1Technology

Mastercard's digital strategy got a big lift by giving banks more control

Payments Source

Mastercard's Masterpass digital wallet is gaining steam from a new enrollment feature that puts issuers in control, according to Mastercard CEO Ajay Banga. Masterpass Compliance Ajay Banga Mastercard

VTB’s digital strategy embraces co-operation

The Banker Technology

Olga Dergunova, VTB Bank’s deputy president, hails a new era of co-operation in Russia’s banking industry, not just bank-to-bank but bank-to-fintech and, importantly, bank-to-regulator. Joy Macknight reports

TD Bank: Digital growth drives results

Bank Innovation

TD Bank’s digital strategy is showing results. The bank said it’s investing heavily in digital channels, making it the largest digital bank in Canada. Carousel Innovation Strategy Payments Premium Product Design Retail Banking digital strategy TD

Traditional Bank Stakes Its Future on Daring Digital Strategy

The Financial Brand

The post Traditional Bank Stakes Its Future on Daring Digital Strategy appeared first on The Financial Brand. Culture & Leadership Digital Banking Strategies Mobile Channel

How Fifth Third Bank reshaped its digital roadmap

Bank Innovation

For Fifth Third Bank, a 160-year-old institution, digital transformation isn’t about going head-to-head with the largest banks. Bank Innovation Ignite Carousel Customer Experience Innovation Strategy Premium digital strategy Dobot Fifth Third Bank innovation strategy

Jump-Start Your Financial Institution’s Digital Strategy

The Financial Brand

Eight critical steps that will help accelerate digital transformation at banks and credit unions facing stiff new competition from all sides. The post Jump-Start Your Financial Institution’s Digital Strategy appeared first on The Financial Brand. Digital Banking Strategies Supplemental Content