Bank Innovation

SEPTEMBER 12, 2017

Finovate kicked off its 2017 Fall conference with demos from about 40 financial technology companies on its first day yesterday in New York.

Analytics 252

Analytics New York Conference Data 252

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. With over 5,000 connections, the tool is invaluable.

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

FEBRUARY 29, 2016

Just because businesses are interested and willing to adopt payments innovations doesn’t mean it’s going to happen. Other key players in the adoption curve include government entities and financial institutions, says Bottomline Technologies Managing Director of Digital Banking Norm DeLuca. We do a lot of business in the U.K.

Innovation 100

Innovation Fintech Tools Technology 100

PYMNTS

JUNE 23, 2020

PYMNTS explores these stories and others in this week’s Payment Rail Innovation Tracker. “We are proud to be an early adopter of the RTP network, which demonstrates our commitment to be at the forefront of technology and payments and allows Chesapeake Bank to continue to meet our customers’ needs now and in the future.”

Fraud 266

Fraud Community Bank Virginia Community 266

Bank Innovation

JANUARY 28, 2019

Financial technology provider Personetics is building robo-advisor capabilities into its AI-based PFM tool offering. This new feature will allow banks to offer their customers the valuable product of auto-investment, ideally at no extra, or at least minimal, extra cost.

Financial Technology 170

Financial Technology Tools Technology Operations 170

PYMNTS

JANUARY 14, 2021

The Clearing House's real-time payments offering, the RTP ® network, continues to gather steam with financial institutions (FIs), FinTechs and their business customers in this week's Payment Rail Innovation roundup. Wells River Savings Bank Joins The RTP Network. RTP already accounts for more than 6 percent of Modern Treasury volume.”.

Vermont 157

Vermont System Innovation Payments 157

PYMNTS

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). This partnership aligns with UMB’s strategy of working with best-in-class innovators like Brex.”. Brex also announced Katie Biber has been named chief legal officer.

FDIC 166

FDIC Kansas City San Francisco Missouri 166

PYMNTS

AUGUST 4, 2017

The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies. faster payment system. faster payment system.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

MARCH 6, 2020

Tools that can fill specific business needs and features beyond more than just real-time speeds are beginning to grow more important, propelling development and innovation in this area.

Payments 304

Payments New York Metro New York City 304

PYMNTS

FEBRUARY 11, 2020

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported.

San Francisco 186

San Francisco Fintech Analytics New York 186

PYMNTS

OCTOBER 8, 2019

“We have redesigned the end-to-end MMF user experience in our Citibank Online Investment portal to ensure that we are providing our clients with more data-rich fund research and analytics tools; new choices for automated sweep rebalancing; a simplified account structure; and enhanced usability with increased customization options.”.

Online 100

Online Analytics Tools User Experience 100

Jeff For Banks

APRIL 27, 2023

Industry pundits in the know about everything financial technology and financial technology firms will soon be clinking martini glasses saluting each other and telling stories about their profitability and number of bank installs they have under their belt. It is a veritable "who" of financial technology firms.

Financial Technology 78

Financial Technology Strategy Fintech New York 78

PYMNTS

OCTOBER 11, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. AML Strategies and Innovation Quirks. Changing AML with AI and ML.

Strategy 123

Strategy Innovation Fraud Security 123

PYMNTS

AUGUST 4, 2020

Grab Financial Group (GFG), a Southeast Asia financial technology (FinTech) and ridesharing company, is expanding its reach with the announcement on Tuesday (Aug. 4) that it will offer consumer loans in Singapore along with wealth management products.

Strategy 137

Strategy Management Groups Regional 137

PYMNTS

OCTOBER 15, 2020

More Tools, More Flexibility . The real innovation cycle is where you layer on the program ability of money as a data type on the internet,” noted Allaire. For other programs in the month-long series of conversations on innovating B2B Payments, please register here. There need to be governance models.

Payments 313

Payments blockchain System Data 313

PYMNTS

JANUARY 15, 2018

and EU like Open Banking and PSD2 that require such cooperation, APIs are emerging as an essential piece of the equation for payments innovation. 43: the number of financial technology companies profiled by PYMNTS that are moving in on API technology to enhance B2B and cross-border payment capabilities.

Data 193

Data Payments Tools Innovation 193

PYMNTS

APRIL 10, 2020

Financial technology innovation has opened the doors to massive transformation of corporate finance departments. While flashy corporate FinTech is exciting, innovation efforts have rarely focused on a mainstay of corporate finance teams: the financial close process, a crucial, but continually outdated function.

Data 219

Data Technology Operations Innovation 219

PYMNTS

JULY 30, 2020

The Salt Lake City payment processing platform has joined with Plaid, a Visa subsidiary based in San Francisco, that builds financial technology platforms to connect bank accounts and initiate automated clearing house (ACH) transfers. Last month, Galileo launched what it called a faster and less expensive way to create debit cards.

San Francisco 159

San Francisco User Experience Cards Customer Experience 159

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. As companies elevate their use of payroll cards, Galileo Financial Technologies is rolling out its own solution to facilitate employee compensation.

Cards 208

Cards New York Capital Compliance 208

PYMNTS

OCTOBER 28, 2020

No one is considering innovations that they want to get around to “someday.”. “In It’s pushing CUs to build out their innovation roadmaps based on the data they have about what their members want, need and are seeking. In these COVID times, we've seen that the concept of just talking about doing lots of things has gone away,” he said.

Payments 151

Payments Fraud Innovation Tools 151

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. banks have to analyze AML regulations before even beginning to innovate, and the rules in question change often.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

FEBRUARY 19, 2020

“It’s very important to keep those fraud detection tools modern and fitting to this faster money-moving environment.” “It’s very important to keep those fraud detection tools modern and fitting to this faster money-moving environment.” ” Banks’ Collaborative Opportunity. . ”

Payments 287

Payments Fraud Survey Fintech 287

PYMNTS

DECEMBER 18, 2020

financial executives found that 91 percent were investing in financial technologies intended to help with newly remote operations. The firms were especially interested in deploying automated and advanced learning technologies. The poll of 325 U.S. percent were considering or currently spending on AP and AR automation.

Payments 160

Payments Cards Report Tools 160

PYMNTS

FEBRUARY 16, 2017

After all, if a company has worked so hard to develop some type of financial technology, why would they want to lend that technology out to just about anyone? Plus, there is a competitive edge to the tactic, enabling the owners of these technologies to see their solutions integrated into more services, reaching more end users.

Payments 189

Payments Software Tools Technology 189

PYMNTS

JUNE 18, 2019

to fully embrace real-time payments for both B2B and B2C activity,” Bottomline Technologies Vice President of Product Management and Strategic Solutions Jessica Cheney told PYMNTS in a recent interview , pointing to the previous rollout of Same-Day ACH and an acceleration of FinTech innovation in the country.

US 119

US Massachusetts Tools Payments 119

PYMNTS

MAY 5, 2020

Open application programming interfaces (APIs) are playing an increasingly important role in the financial industry as the field grows increasingly digital. APIs allow banks and technology providers to coordinate development much more easily, enabling the creation of innovative new products and services for functions such as B2B payments.

Payments 200

Payments United States Software Cards 200

PYMNTS

JANUARY 21, 2019

The firm’s Business Leaders Outlook report, published earlier this month, found that the majority of SMBs expect revenue, sales and profit increases in 2019, with executives turning to hiring activity and technological innovation as drivers of their success. Looking Ahead. “It’s a matter of when, not if.”

System 188

System Payments Technology Tools 188

PYMNTS

NOVEMBER 13, 2018

Last year, East & Partners released a report , “Financial Technology and the Corporate,” that revealed 13 percent of corporate treasurers and CFOs had already entirely switched their banking provider. Their key motivation, the report found, was to access enhanced FinTech.

Survey 128

Survey Fintech Analysis Report 128

PYMNTS

JULY 14, 2016

” According to reports, Taylor, who specializes in artificial intelligence, machine learning and speech synthesis, first began developing the tool two years ago in London. At present, Taylor said about 10 banks are working with the Vault OS technology. Vault OS operates on the cloud and can be accessed on a pay-as-you-go basis.

blockchain 100

blockchain Google System Fintech 100

PYMNTS

JULY 26, 2017

Developers platforms have quickly gone from being cutting edge to being something like table stakes for serious financial technology players, as Karen Webster observed in a recent conversation with Vantiv’s Head of Developer Integration’s Matt Ozvat — “it feels a bit like everyone out there has their own version of a platform for the developer.”.

Innovation 116

Innovation Cards Compliance Community 116

PYMNTS

JANUARY 25, 2019

Not only are they pushing to modernize and adopt cutting-edge solutions, but they’re struggling to ensure that all these new tools can integrate with each other. Cleo’s recent report, the “ 2019 State of Ecosystem and Application Integration ,” found that organizations are feeling overwhelmed.

Data 173

Data Survey Analysis Software 173

PYMNTS

JUNE 20, 2016

San Francisco-based Plaid was founded in 2012 with the vision of making the world a better place for FinTech firms by providing easy infrastructure to connect FinTech innovators with their clients’ bank accounts. We are excited to partner with Plaid and support the business as it continues to enable financial innovation.”.

Technology 101

Technology San Francisco Fintech Financial Technology 101

PYMNTS

JANUARY 9, 2019

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. In the case of Same Day ACH in the U.S.,

Payments 141

Payments Fraud Security Data 141

PYMNTS

JULY 13, 2020

Indeed, just as SMBs have fast-tracked their own digitization efforts, their financial technology partners have also found the current climate to be an opportunity to accelerate innovation and roll out new services to support their merchant and consumer users. Innovation On The Fast Track. The Bigger PayPal Picture.

Innovation 184

Innovation Online Community social media 184

CFPB Monitor

OCTOBER 11, 2018

earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C.

Policies 60

Policies Lending Data Online 60

PYMNTS

MAY 3, 2019

Small businesses (SMBs) are rarely early adopters of new financial technology (FinTech). However, with business owners and entrepreneurs often taking a page out of their personal lives as consumers, the eventual adoption of emerging solutions is an inevitable part of FinTech innovation.

Payments 151

Payments Fintech Customer Experience Technology 151

Gonzobanker

FEBRUARY 23, 2022

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. As an example, PNC closed shop on its BBVA Open after acquiring BBVA’s U.S. assets, citing high NIE.

Community Bank 118

Community Bank Strategy Risk Management Fintech 118