Inside The Royal Bank of Scotland’s Innovation Strategy

Bank Innovation

EXCLUSIVE – Traditional banks cannot afford to ignore fintechs. The impact of fintechs on how people bank has not gone unnoticed by The Royal Bank of Scotland, who over the past 18 months under […].

Fintech Unfiltered: Inside HSBC Bank USA’s Lofty Innovation Strategy for 2018 [Podcast]

Bank Innovation

As a part of its retail transformation strategy, HSBC Bank USA spent over $130 million on innovation projects in one year on its U.S. Artificial Intelligence Daily Post 1 Exclusive Features Fintech Unfiltered Mobile Online Open Fintech Operations Payments PFM Premium Retail digital banking HSBC HSBC Bank USA Marstone Samsung Softbankoperations.

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Too many innovation strategies place speed over discipline

Payments Source

ISO and agent Payments Banking Fintech RetailersIn the era of digital transformation, it can be easy to mistake activity for achievement. A disciplined approach is needed, writes Tim VanTassel, a vice president at FICO.

For startups to bridge banks’ fintech gap, innovation execution needs a reality check

Bank Innovation

This is the second article in a two-part series on bank-fintech collaborations based on the 2019 State of Banking Innovation Survey, a study conducted by Bank Innovation and INV Fintech.

Why Automation is Key to Chesapeake Bank’s Innovation Strategy for 2019

Bank Innovation

Automation is the theme that best describes Chesapeake Bank’s innovation roadmap for 2019, Kevin Wood, managing director of the state-chartered community bank’s business lending division, Cash Flow, told Bank Innovation. “One Commerce Corporate Exclusive Innovations Lending Online Open Fintech Premium Risk Automation Chesapeake Bank Community Bank Jack Henry ProfitStars

Compliance spend may take toll on fintechs

Bank Innovation

Lenders have had to spend unprecedented funds on compliance in the first quarter, which could shift resource allocation at banks and credit unions and hamper post-pandemic fintech partnerships. “We’re

BMO Harris spotlights women in fintech mentoring program

Bank Innovation

BMO Harris Bank and Chicago-based incubator 1871 have unveiled plans for their annual fintech mentorship program, and this year they are shining a light on female-led fintechs.

Will COVID-19 burst fintech’s funding bubble? 

Bank Innovation

Fintechs will likely have a tough time securing funding as the coronavirus pandemic continues to shake up the U.S. Carousel Innovation Strategy Investing Premium 11:FS CB Insights fintech funding Investment venture capital funding

Bank-fintech partnerships are a necessity, not a fad

Bank Innovation

A recent Forbes article claims the fad is over for bank-fintech partnerships. The fad might be over, but the imperative for banks to partner with fintechs is anything but. Nevertheless, in our experience at INV Fintech, […].

For startups to bridge banks’ fintech gap, innovation execution needs a reality check

Bank Innovation

This is the second article in a two-part series on bank-fintech collaborations based on the 2019 State of Banking Innovation Survey, a study conducted by Bank Innovation and INV Fintech.

University of Toronto launches fintech bootcamp to meet local labor demand

Bank Innovation

With nearly 200 startups, five major banks, 19 venture capital firms and representation from large tech companies like Google, Facebook, PayPal, Toronto is quickly becoming a center for fintech entrepreneurship.

Centana Growth Partners closes $375m fintech fund

Bank Innovation

based growth equity firm, closed its second fintech valued at $375 million this week. Capital & Funding Carousel Daily Post 1 Innovation Strategy Payments Retail Banking Startups Wealth Management Centana Growth Partners fintech funding

Fintechs, lacking guidance, pivot to SBA loans 

Bank Innovation

Treasury Secretary Steve Mnuchin last weekend confirmed “any fintech lender” will be authorized to make small business loans as part of the Coronavirus Aid, Relieve and Economic Security (CARES) Act.

Commerzbank’s Digital Innovation Strategy in Germany’s Cash-Heavy Economy

Bank Innovation

In some markets, banks and fintechs are a long way from overcoming the dependence on cash. billion ($513 billion) in assets, and boasting a 50-person innovation lab, implementing fintech for a fiat-focused market has its challenges. Capital Corporate Daily Post 3 Exclusive Innovations Operations PFM Premium Risk Trading cash Commerzbank European Central Bank innovation labThis challenge is felt at Germany’s Commerzbank.

The banking revolution: Adapt or be left behind

Bank Innovation

Technology and the rise of fintechs have called into question almost every traditional banking model, requiring banks to either adapt or be left behind. In today’s digital age, some banks have been slow to innovate or to create a more […].

Banking licenses an opportunity to create fintech hub in Singapore

Bank Innovation

Carousel Compliance & Regulation Corporate Banking Innovation Strategy Grab Singapore fintech SingtelSingapore is becoming a haven for e-commerce companies looking to get into banking in Asian markets.

Join our ‘Fintech in the Age of Coronavirus’ Zoom meeting (Subscribers Only) 

Bank Innovation

How will banking and fintech business models be impacted by this unprecedented coronavirus pandemic? What is the role of innovation in response to these rapidly unfolding events? How will banks and startups work together?

Big tech Is coming for banking: Experts predict fintech’s 2020

Bank Innovation

Artificial Intelligence Automation Bloomberg Carousel Compliance & Regulation Innovation Strategy Lending Payments Retail Banking Wealth Management Apple Chime fintech payments

SBA loan platforms could be fintech’s ‘big moment’  

Bank Innovation

A handful of fintech providers are bringing SBA Paycheck Protection Program loan platforms to market, a move that could be the industry’s moment to shine. If the fintech players can prove that they’re better at […].

Fintechs launch SBA PPP platforms amid stimulus scramble

Bank Innovation

As banks scramble to stand up digital interfaces and participate in the SBA Paycheck Protection Program (PPP) that launched today, fintech providers are rolling out different technology platforms to help lenders process the flood of small business loan applications.

Mastercard’s bet on fintech pays off with higher card spending

Bank Innovation

The company has been starting card programs for fintechs including Brex Inc., Bloomberg Carousel Innovation Strategy Payments Brex fintech Mastercard revolut TransferWiseMastercard Inc.’s

Moody’s: I-Banks spend $72B annually to fend off fintechs

Bank Innovation

Global investment banks are making major digital investments to keep pace with fintechs, Moody’s Investors Service reported in a research note this week. While they are increasingly partnering with fintechs, the […].

California’s fintech startups are invading New York

Bank Innovation

Bloomberg Carousel Innovation Strategy Open Banking Payments New York Plaid San Francisco Stripe UberWhen two Irish brothers started Stripe Inc. together in 2010, there was little question about where they should put their headquarters. It had to be California.

Uncoventional Ventures’ Lau: Diversity is more than a buzzword in fintech

Bank Innovation

Fintech Unfiltered Innovation Strategy Startups diversity fintech representation startups Theodora Lau womenThe startup and venture capital ecosystem may profess to be colorblind, but a look at where funding dollars are going presents a different picture.

Weekly Wrap: Visa acquires Plaid and retailers embrace fintech

Bank Innovation

Customer Experience Fintech Unfiltered Innovation Strategy Lending Open Banking Payments Product Design Video NRF PayPal Plaid Visa Weekly WrapWelcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 17, 2019.

Retail 222

Fintechs, armed with direct SBA lender status, await more funding 

Bank Innovation

Carousel Customer Experience Innovation Strategy Lending Premium BlueVine Coronavirus Kabbage OnDeck PPP SBA

Thai bank targets $1 billion spinoff among Its fintech units

Bank Innovation

Siam Commercial Bank Pcl plans to spin off some of its fintech divisions as it tries to monetize its push into technology investment at a time of sluggish earnings from traditional lending. Bloomberg Capital & Funding Carousel Innovation Strategy fintech Siam Commercial Bank Thailand

Weekly Wrap: Banner week for fintech acquisitions

Bank Innovation

Customer Experience Innovation Strategy Lending Payments Product Design Retail Banking Video Wealth Management Ally CardWorks LendingClub Level Radius BankWelcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. 21, 2020.

Luge Capital’s Gillani: Canada is becoming a test market for fintech founders

Bank Innovation

Luge Capital, a fintech venture capital firm based in Toronto and Montreal, serves a growing ecosystem of startups north of the border. This week, it closed a C$85 milion ($65 million) fund for fintech and AI solutions.

With Plaid, Visa embeds itself deeper into the fintech ecosystem

Bank Innovation

billion acquisition of data aggregator Plaid puts the company’s tool set at the center of financial services innovation. “Fintechs are increasingly developing on bundling and repackaging financial services payment and funds, […]. Visa‘s $5.3

OCC’s Otting: Fintech charter will see the light of day

Bank Innovation

Despite a recent legal challenge, Comptroller of the Currency Joseph Otting said the regulator will continue to advocate for passage of the OCC’s special purpose fintech charter.

Financial ecosystem fears long-term pandemic effects

Bank Innovation

economy are top of mind for banking executives, according to fresh data from INV Fintech. Carousel Corporate Banking Customer Experience Exclusive Innovation Strategy Investing Premium Retail Banking Coronavirus fintech fintech investment INV Fintech recession

European fintechs escape troubles afflicting established banks

Bank Innovation

European fintech companies raised $3.3 Bloomberg Carousel Daily Post 2 Innovation Strategy Lending Payments Retail Banking Adyen iZettle Klarna N26 TransferWise

Can banks emerge stronger from the pandemic?

Bank Innovation

Carousel Innovation Strategy INV Fintech Retail Banking CoronavirusThe Coronavirus pandemic is posing significant challenges to the banking sector, forcing financial services providers into contingency mode and already driving cost-cutting initiatives and branch closures.

Fintech task force deliberates pros and cons of ‘big data’

Bank Innovation

Carousel Innovation Strategy Lending Payments Premium Product Design Retail Banking CFPB consumer data credit Equifax TransUnion underwritingMore than 2.5 quintillion bytes of data are created every single day.