PYMNTS

JULY 1, 2019

When it comes to technological innovation, however, the smaller players have long been outgunned by larger FIs and their sizable IT budgets. Today, small banks are more aggressive and ambitious in their innovation strategies than medium-sized and large FIs. This is changing — in a big way. On average, these FIs designate 45.7

Innovation 157

Innovation Innovation Strategies Survey Groups 157

PYMNTS

JULY 31, 2019

However, financial institutions (FIs) are getting better at separating vital areas of innovation from the hype. Banks are increasingly focusing on the fundamentals when determining their innovation agendas. Payment technology is in many ways the flagship among the fleet of innovations that banks are pursuing.

Innovation 151

Innovation Report UX User Experience 151

PYMNTS

JANUARY 24, 2018

The financial services industry is no stranger to innovation, but it increasingly appears that change in the space is being driven by outsiders instead of the financial heavyweights. Traditional banks and FIs can either keep up with the pace of innovation or risk losing customers to disruptive innovators.

Innovation 144

Innovation Data Innovation Strategies Fintech 144

PYMNTS

MAY 31, 2018

According to recent research from PYMNTS, the industry’s innovation pacesetters are those who devote the most time to developing new features, products and services. They are also the FIs that allocate the majority of their budget and other resources to testing those innovations. Who are the top-performing financial institutions (FIs)?

Innovation 116

Innovation Data Innovation Strategies Community Bank 116

BankInovation

AUGUST 18, 2020

The rush to stand up digital channels and tools during the initial months of the pandemic likely signals a greater push by financial institutions to invest in innovation and digital transformation during the next two years, according to a survey by Bank Innovation and its sister accelerator, INV Fintech.

Innovation 52

Innovation Survey Tools Fintech 52

BankInovation

AUGUST 21, 2020

More than 70% of executives predicted that spending on banking innovation will increase in the next two years and that the industry is poised for growth, according to a recent INV Fintech survey.

Video 52

Video Survey Fintech Innovation 52

PYMNTS

AUGUST 17, 2017

A recent report from SurveyMonkey , a cloud-based survey development company, found that 80 percent of millennials said they want the option to visit a bank branch in person. A separate survey from management consulting firm Bain & Co. Among the participating FinTechs are Payso, SnapCheck and Token.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132