Fintechs, Beware of ‘Innovation Tourists’

Bank Innovation

Now that the industry is (mostly) clear on the fintech “friend or foe” issue, startups are busy pitching their products to the eager incumbents and their innovation teams. Startups, beware of “innovation tourists.” Exclusive Innovations Operations Startups Technology Wealth Management fintech startups GoldBean innovation Jane Barratt

JPMorgan Taps HSBC Innovation Head To Lead FinTech Division

PYMNTS

Morgan Chase has hired ex- HSBC executive Jeremy Balkin as the head of FinTech and Innovation for Wholesale Payments, Reuters reported. Balkin served as head of Innovation and Strategic Digital Partnerships at HSBC.

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Pay-by-Nose, a new innovation

Chris Skinner

My … The post Pay-by-Nose, a new innovation appeared first on Chris Skinner's blog. Case Studies Fintech Future Grid Innovation TechnologyI blog regularly about what a fanboy I am of Chinese technology giants Alibaba and Tencent.

FinTech Cloud Technology Fuels Banking Innovation

PYMNTS

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. B2B Payments B2B banking Digital Banking FinTech Innovation News

Where In the World Is Fintech Innovation?

Bank Innovation

Even in fintech. It turns out nations beyond America today are increasingly generating more significant financial technology innovation, especially in artificial intelligence. Smart, early-stage investment in AI and fintech have helped Canada become a research leader in machine learning and deep learning setting the stage for industry 4.0,” said […]. DataBank Exclusive Online Open Fintech Startups Canadian fintech Chinese fintechs innovation startups Zhong An

Partner Or Compete? Banks Can Take Hybrid Approach With FinTech Innovation

PYMNTS

Morgan Chase CEO Jamie Dimon told analysts that his firm, and other banks , should be scared “s—tless” by FinTechs. So, banks versus FinTechs may shape up to be the battle of the roaring 2020s. Digital Banking Banks Featured News FinTech i2C Innovation News pymnts tv video

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. While banks are pushing for more fintech startup collaborations, new data shows that working alongside startups can uniquely “bridge” the fintech gap for financial institutions. Carousel Innovation Strategy INV Fintech Startups APIs collaboration innovation strategy

Direct Line: innovating InsurTech

Chris Skinner

Fleetlights is an army of drones that light up the night skies and are designed to help people in difficult … The post Direct Line: innovating InsurTech appeared first on Chris Skinner's blog. Fintech Grid InnovationAt the conference I attended the other day, one speaker highlighted some InsurTech I’d not seen before but thought pretty cool. It’s a prototype service from Direct Line called Fleetlights.

Standard Chartered Opens Fintech Innovation Center in Hong Kong

Bank Innovation

Standard Chartered has officially open its eXellerator facility, a center designed to promote the innovation of fintech, in Hong Kong, the bank announced today. The bank will operate the innovation center under its SC Ventures arm, which invests in emerging fintechs and other startups. Capital Exclusive Innovations Startups funding Hong Kong fintech innovation Investing Standard Chartered startups

Report: Strategic Payment Investments Give FIs, FinTechs Innovative Payment Options

PYMNTS

Consumers’ desire to go contactless or cardless during the pandemic presents plenty of opportunities for FinTechs, banks and other card issuers to bring innovative credit solutions to market, but such investments much be approached strategically.

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How FinTechs View Emerging B2B Payment Innovations In 2020

PYMNTS

FinTechs are keeping an eye on emerging technologies at the beginning of the year — and predicting how they will impact business-to-business (B2B) payments in 2020. And Praeger says veteran players in the FinTech space will continue to grow this year. FinTech and Bank Collaborations.

New Challenges Emerge From Payment Rail Innovation

PYMNTS

While new payment rails are designed to tackle some of the biggest legacy pain points of the financial services industry, innovative infrastructure is also opening the door to new challenges. Canadian FinTechs Raise Real-Time Payments Doubts.

Australia and Swiss Regulators Partner to Promote Crossborder Fintech Innovation

Bank Innovation

The Australian Securities and Investments Commission (ASIC) and Swiss Financial Markets Authority (FINMA) have partnered to promote cross-border fintech innovation. The two regulators are working to support fintechs to meet regulatory requirements in each other’s countries. Exclusive Innovations Open Fintech Startups Australia fintech innovations regulators Switzerland

Survey: Coronavirus and the State of Banking Innovation

Bank Innovation

The coronavirus pandemic is already having deep ripple effects across the economy and within the banking and fintech ecosystems. At the same time, the drastic rate cut and other macro implications will likely force existing banking and fintech business models to rapidly adapt, […].

Survey 232

Bank Innovation Launches Public Telegram Channel

Bank Innovation

EXCLUSIVE – Interested in the latest trends in payments, digital banking, blockchain technology, API, security, big data and all the other hot topics in the fintech space? Come join Bank Innovation’s Telegram Group. Bank Innovation‘s Telegram channel was created to foster discussion and collaboration among the fintech community on the latest trends, insights and events […]. Exclusive APIs Bank Innovation BlockChain fintech fintechs Telegram

Survey: Coronavirus and the State of Banking Innovation

Bank Innovation

The coronavirus pandemic is already having deep ripple effects across the economy and within the banking and fintech ecosystems. At the same time, the drastic rate cut and other macro implications will likely force existing banking and fintech business models to rapidly adapt, […].

Survey 222

Bank Innovation’s Picks for Top 5 Trends in Fintech in 2017

Bank Innovation

EXCLUSIVE — The year of 2017 has been marked with more than a few good and not-so-good trends: but we’ll stick to fintech. Aside from the important events like record-level funding for fintechs across the globe, cryptocurrency mania, Coinbase entering the Unicorn club at a $1.56B valuation in the last quarter, there have been some […].

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Fintech in the food industry: A growing appetite for innovation

Payments Source

Fintech Retailers Digital payments CoronavirusSupermarkets and restaurants were already starting to go digital when the pandemic pushed hard on the gas. Expect more mobile and virtual experiences —and much less space for sit-down dining.

INV Fintech unveils platform for innovation discovery   

BankInovation

INV Fintech, Bank Innovation’s sister accelerator, today released its new platform designed for financial institutions to more effectively discover fresh startup technologies, strategies and products. INV Fintech Discovery is […].

10 Most Innovative CEOs in Banking 2017

Bank Innovation

Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. Exclusive Features Innovations Mobile Online Payments 10 Most Innovative CEOs artificial intelligence Citi Fintech clinc Mobile banking online banking Starling Bank UK fintech

Fintech Innovation is Top Concern for Banks, EY Says in Banking Outlook Report

Bank Innovation

While regulations continue to be top of mind for financial institutions, banks have another main concern: the innovations and progress being made by fintechs, according to a survey released by EY. Financial institutions need to be more aware of the effect fintechs—which provide “simpler, more convenient, more transparent” services, are having on the industry, EY […]. Exclusive Innovations Startups EY fintech startups innovation regulation startups

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. While banks are pushing for more fintech startup collaborations, new data shows that working alongside startups can uniquely “bridge” the fintech gap for financial institutions.

Innovative Ecosystem Draws FinTech Firms To Toronto

PYMNTS

Toronto is a powerhouse for financial innovation in Canada: The city has the most sizable ecosystem for FinTech in the country, with 185 startups per one count. NorthOne , a FinTech firm that focuses on small business owners, is one of the companies that call the city home. Innovation canada FinTech News NorthOne Toronto

2019 Looks Promising for Fintech Partnerships, Bank Innovation Poll Finds

Bank Innovation

There are startups that want to destroy banks and startups that want banks to buy their software, as Bank Innovation has previously reported. According to a recent poll conducted by Bank Innovation, the idea that fintech partnerships will be on the rise in 2019 compared to subsequent years, is gaining popularity. Capital Corporate Daily Post 3 DataBank Exclusive Fintech Unfiltered Open Fintech Premium bank partnerships capital febuary poll fintech online banking P2P startup

Telecom Fintech innovation is spreading

Daily Fintech

MPesa`s early success in Kenya, will remain the mobile money business case study of payment innovation in Emerging markets [1]. Africa brings to market further efficiencies, improving the MPesa business model and pushing innovation in financial inclusion (be it remittances, micro-payments, or microinsurance). But the business innovation is lacking, as it is backed by a conventional bank – Customer Bank is behind the Baas service of T-Mobile Money.

Survey results: Coronavirus and the state of banking innovation

Bank Innovation

Given the significant challenges we’re facing with the ongoing coronavirus pandemic, INV Fintech and Bank Innovation conducted a brief survey from March 18 to 25, to gauge industry sentiment and understand practices going forward.

Survey 241

Look East for innovation

Chris Skinner

After all, it’s easy to call out banks for doing banking as usual but, if I … The post Look East for innovation appeared first on Chris Skinner's blog. Digital Bank Fintech Future Grid Innovation OpinionI often talk about faster horses and how banks think digital is doing banking cheaper and faster. It’s all about efficiency and effectiveness. So, I was asked the other day: where is the car?

7 ways retailers, banks and fintechs are innovating amid the coronavirus pandemic

Payments Source

Amid the disruption of the coronavirus pandemic, many companies are taking a chance on innovative new technologies to keep their customers engaged. Fintech Retailers Digital payments ATMs Coronavirus Mobile wallets

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Business Payments FinTechs Embrace A Time To Innovate

PYMNTS

What's more, the market lull may offer a moment to focus on innovation for the future as commercial payment habits shift — perhaps permanently. Bill.com revealed some of those changes as it highlighted the innovations driving a solid first fiscal quarter.

Why We Need Bank Innovation Build

Bank Innovation

It is this revolution that has led us to present Bank Innovation Build, our newest conference, on Nov. Bank Innovation Build 2019 Capital Commerce Corporate Exclusive Experience & Design? Insurance IoT & Wearables Lending Open Banking Operations Payments Retail Sales & Marketing Security & Risk Social Media Startups Wealth Management fintech fintech partnerships HR HR & Training innovation groups innovation labs innovation teams

The innovator’s view of Open Banking

Chris Skinner

I hosted a dinner focused upon Open Banking recently and what it means to FinTech firms and start-ups. There were no bankers at the table, but a lot of firms who consult, provide systems or are deploying new businesses in FinTech at the table. The general consensus around the table … The post The innovator’s view of Open Banking appeared first on Chris Skinner's blog. Digital Bank Fintech Grid Innovation

Bank Innovation Announces Demo Opportunity for Fintech Startups

Bank Innovation

It’s opportunity time for fintech startups. On March 12, 2019, Bank Innovation will host its ninth DEMOvation Challenge, in which fintech startups demo before a crowd of conference attendees in the hopes of earning their vote and walking away with fabulous prizes. The competiton is part of the wider Bank Innovation Ignite conference, which returns […]. Daily Post 2 Startups Bank Innovation Ignite Baton Fiserv Propel Venture Partners

Visa Ups Innovation Ante With US FinTech Fast Track Launch

PYMNTS

And that’s where we come to FinTech. As PYMNTS readers know, the role and appeal of FinTech is increasing significantly as consumer demands rapidly change, and technology and regulatory efforts encourage further innovation in digital payments and global transactions. As FinTech continues to grow, it becomes ever more clear that the endeavor, to put it one way, is a massive team sport. FinTech Partnerships.

#Sibos Debate: Innovation in the Fintech World [VIDEO]

Bank Innovation

The #Sibos conference in Geneva this year is just wrapping up, and the 8,000 and change businesses and fintech companies that attended this year had a lot to discuss. Since what some might call the fintech boom, which, broadly speaking, occurred after the financial crisis of 2008 and has since Read More. Innovations Startups Technology Videos Geneva innovatrion market disruption Sibos

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Emerging Technologies, Services Drive Payment Rail Innovation

PYMNTS

This week’s round-up of the newest innovations in payment rails for B2B payments shows a key focus on improving upon existing rails — and fueling adoption of new ones. Plus, a data analytics FinTech has become a Nacha Preferred Partner for ACH Account Validation.