February, 2020

LendingClub breaks ground with Radius Bank acquisition 

Bank Innovation

LendingClub, the publicly traded digital-lending marketplace, announced Tuesday that it is acquiring Boston-based Radius Bank, which has $1.4 billion in assets and is partnered with several fintech companies.

Boston 158

How HR’s Self-Service Shift Drives Payroll To Unlock Data

PYMNTS

As open banking frameworks continue to encourage bank-FinTech collaboration , the financial services market is exploring new ways to unlock data — not only with banks, but with each other.

Data 180

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Banking is what we do and technology is how we do it

Chris Skinner

A decade ago, we talked about the financial crisis, technology, regulations and compliance.

Corona (Beer) Takes Hit From COVID Naming

PYMNTS

Someday this will be a marketing case study. You’re Constellation Brands. One of your leading brands is Corona beer. Then out of China comes a virus that has your name on it. You’re blowing up on social media for all the wrong reasons.

Weekly Wrap: Banks and aggregators debate ‘screen scraping’

Bank Innovation

Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. 28, 2020.

JPMC CEO: Bank Plans FinTech, Other ‘Very Creative’ Acquisitions

PYMNTS

Billions of dollars in earnings. Billions of dollars in the bank. Time to go shopping? As reported by CNBC , Jamie Dimon, CEO of JPMorgan , said at the company’s investor day Tuesday that “we are looking, and will be much more aggressive with acquisitions.”.

More Trending

Citizens looks to employees to evolve product roadmap

Bank Innovation

A “Shark Tank”-style pitch competition has been launched at Citizens Bank, allowing employees to compete for internal innovation fund dollars with ideas focused on the next generation of products and services. The bank intends to make 10 to 20 investments per year.

The Coronavirus And The (Uneven) Ripple Effect Across Verticals

PYMNTS

Not all black swan events are created equally, at least when it comes to certain business verticals.

Course 186

Wells creates new digital innovation group as part of organizational overhaul

Bank Innovation

As part of a comprehensive organizational overall, Wells Fargo & Co. has created a group to focus on strategy, digital platforms and innovation, The Wall Street Journal reported today.

Groups 138

“I was the first knowledge worker whose job was threatened by a machine”

Chris Skinner

Really interesting interview with Garry Kasparov in Wired magazine about the potential of artificial intelligence (AI) in the future. Garry Kasparov is perhaps the greatest chess player in history. For almost two decades after becoming world champion in 1985, he dominated the game.

Rebeca Romero Rainey: A world of opportunity

Independent Banker

“Today’s technology environment opens the door to a world of opportunity for community bankers.”. Welcome to Independent Banker’s ICBA LIVE 2020 issue! It’s amazing that we’re already celebrating our first convention of a new decade. As a child, the concept of the year 2020 seemed so far-fetched.

Four digital banking trends to watch in 2020

Mobile Payments Today

In 2020 and beyond, it will critical for banks and credit unions to reevaluate their digital strategies

The 5 Hottest Technologies In Banking For 2020

Ron Shevelin

The truly “hot” technologies in banking are the ones that financial institutions invest in—which are not always the ones that the pundits are talking about

JPMorgan Chase To Open UK Digital Bank By Year’s End

PYMNTS

JPMorgan Chase is taking steps to open a digital bank in the U.K. by the end of the year. The banking firm has been talking with London regulators about the idea, according to The Financial Times on Saturday (Feb.

WorldRemit links with Alipay on one-tap global payments to China

Bank Innovation

WorldRemit is partnering with Alipay to reduce friction in cross-border payment transactions. The integration allows WorldRemit customers to send money to Chinese recipients by connecting with their Alipay accounts. The service has been available since January.

Mobile 163

Customer and employee activism will change banking even if the banks don’t want to change

Chris Skinner

I know a few of you have spotted that I have a regular theme these days about sustainable finance, purpose-driven banking, the climate emergency and more.

267
267

Why Banks Need To Develop Their Own Customer-Facing Technology

Banker to Banker

CONTROLLING YOUR TECH FUTURE The build or buy decision should be a constant question in most bank’s decision making, and unfortunately, most banks default to the “buy.” In some cases, this is appropriate, but in many, it is not.

Enabling e-commerce and m-commerce in Latin America

Mobile Payments Today

The e-commerce market in Latin America presents enormous potential for retailers. Despite the possibilities, there are a number of unique challenges that retailers and payments companies need to be aware of before making such a commitment

The Slow Death Of Checking Accounts

Ron Shevelin

Checking accounts have become paycheck motels--and they're on their way to extinction

149
149

MoneyGram, Brink’s And The (Possible) Cross-Pollination Of X-Border

PYMNTS

Cross-pollination in financial services — leveraging payments across digital and physical channels — is an emerging trend, especially when it comes to cross-border transactions, and especially with remittances.

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. TD noted that, according to App Annie data, the bank is ranked No.

Bank Wars, Episode XX: The Rise of FinTech

Chris Skinner

Over the years, a few people have likened me to the Yoda of banking. Yoda is one of the most likable characters in the Star Wars franchise, but I’m not sure if I like the comparison. Yoda is seriously old, speaks in riddles and is tiny and wrinkled.

Three steps to implementing digital process automation in your bank

Accenture

Guest bloggers Richard Gillespie-Brown, Helen Bayliss and Nicholas Kitson explain how a bank’s centre of excellence can unlock customer and colleague value by overcoming hurdles to automating digital processes.

Grubhub doubles participating restaurants but urges patience on industry turbulence

Mobile Payments Today

Grubhub Founder and CEO Matt Maloney and CFO Adam DeWitt penned a letter to shareholders as part of the food delivery firm's quarterly earnings report, touting the progress made by expanding from 150,000 to 300,000 participating restaurants

Best Fintechs to Work For

American Banker

The companies on Arizent’s third annual list of Best Fintechs to Work For share an ability to create personal connections with employees, and offer top-tier benefits like generous sabbaticals, fully-paid insurance, and parental leave on day one.

How LGBTQ-Focused Travel Platform misterb&b Protects Travelers, Builds Travel

PYMNTS

Homesharing has been a part of the gig and sharing economies for nearly a decade, and consumers and homeowners alike are now asking such platforms for personalized support.

RBC fuses payments and messaging for business clients 

Bank Innovation

Royal Bank of Canada is using digital money transfer service Interac to help corporate clients follow up with their customers on outstanding debts. The bank announced the feature, “Interac e-Transfer: Bulk Request Money,” last week to help clients collect payments faster.

Purpose? We need actions, not words!

Chris Skinner

I guess my discussions of purpose-driven banking are growing. Maybe I just picked up the vibe or created it, but more and more I’m seeing bank CEO’s talking about purpose. Tom Blomfield, CEO and co-founder of Monzo, in Wired magazine: “Why do companies even exist? What are we here for?

Countdown to CECL: A Timeline for Credit Unions

Abrigo

Large SEC filers have officially adopted the current expected credit loss standard, or CECL, for recognizing credit losses, and other financial institutions are eager to learn from their implementation efforts.

Data 130

Intuit acquires Credit Karma for $7.1B to create personal finance juggernaut

Mobile Payments Today

Intuit announced its highly anticipated $7.1 billion acquisition of Credit Karma, a move that will create a personal finance powerhouse that can help financial institutions create targeted product offers for users of the platform

173
173