Bank Innovation

APRIL 3, 2020

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.

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BankInovation

JUNE 25, 2020

A recently launched fintech consortium in Greater Sacramento is already generating partnerships between local technology providers and financial institutions.

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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. percent) and large banks (23.8

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Bank Innovation

NOVEMBER 22, 2019

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.

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Bank Innovation

FEBRUARY 10, 2020

As banks continue to explore best practices around handling customer data, insight from core technology provider Fiserv suggests open banking can help banks compete with fintechs and large incumbents alike. “By

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PYMNTS

JULY 18, 2019

Depending on where you look, the chasm yawns wide when it comes to innovating with new technologies or features. In a PYMNTS interview with Karen Webster, Joe DeRosa, EVP of Global Sales at i2c , discussed the findings of the July 2019 Innovation Readiness Playbook , subtitled “Leveling the Playing Field for Different-Sized FIs.”

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Bank Innovation

SEPTEMBER 23, 2019

Tom Eck, Global Chief Technology Officer of Industry Platforms at IBM, told Bank Innovation that the number of startups in Catalogue is a result of significant effort on the part of the technology […].

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Bank Innovation

APRIL 7, 2020

In a year of major fintech acquisitions, SoFi today announced a $1.2 Together with Galileo, we will partner to build on our companies’ strengths to drive even greater financial technology innovation, making those products and […].

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Bank Innovation

OCTOBER 24, 2019

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 […].

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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. So what’s an FI to do? Enter the sandbox test.

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PYMNTS

SEPTEMBER 17, 2019

There is a mountain of friction in commercial payments today that seems to have held the industry back from the kind of rocket-pace innovation propelling retail and consumer payments into the future. Opaque payments moving sluggishly across borders and between banks. Thinking Beyond the Payer. Payment Rails Converging.

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Bank Innovation

AUGUST 14, 2019

When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders. European fintech companies raised $3.3 Its latest fundraising gave Klarna, which facilitates online installment payments, a $5.5

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BankInovation

MAY 5, 2020

Last week, the team at INV Fintech, Bank Innovation’s sister innovation platform, met with the innovation team at a large bank — by Zoom, of course.

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PYMNTS

JUNE 1, 2020

It is not the technology itself that is important, however, but the strategy behind it. This is similar to the card aggregation solutions that fellow FinTech Curve offers. The second] is the added security because obviously, as a bank, security is paramount, and [third], it allows for new technologies to be deployed rapidly.”.

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ABA Community Banking

JUNE 17, 2019

A new way for banks to get their innovation strategies off the ground. The post Getting Ahead of the Innovation Game appeared first on ABA Banking Journal.

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PYMNTS

MAY 29, 2020

Financial institutions (FIs) have been adapting their platforms and technologies to better suit the needs of more digital consumers for decades, but the coronavirus has placed new importance and pressure on accelerating these efforts. Developments Around The Cloud Banking World. Developments Around The Cloud Banking World.

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Bank Innovation

DECEMBER 13, 2019

Smaller banks and credit unions are under increasing pressure from larger banks and tech-centric financial services companies. New data shows why significant gaps in mobile banking capabilities are complicating these FIs’ struggles to keep up.

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BankInovation

DECEMBER 31, 2020

WSFS Bank and Google Cloud named new technology and security chiefs while API provider Galileo appointed a chief revenue officer, and automated investing platform Wealthfront filled out its banking advisory group with regulatory heavyweights. Here are the most notable December hires: WSFS taps new […].

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BankInovation

SEPTEMBER 9, 2020

Banks and fintechs rejigged their digital roadmaps during the initial sting of the pandemic and, six months later, continue to re-evaluate their backlog of technology projects and ventures, panelists said at the Bank Innovation Build conference today.

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PYMNTS

AUGUST 22, 2019

Jamie Warder, head of digital banking for KeyBank , noted that challenger banks’ newfound popularity may be forcing legacy institutions to innovate, granting them more opportunities to better engage and serve customers. “At Legacy Banks and the Innovation Game. What I think these FinTechs can do is focus on one area.

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The Banker Technology

MAY 2, 2018

Société Générale’s head of innovation for the UK, Anthony Woolley, talks to Joy Macknight about accelerating the French bank’s digital transformation through an open innovation strategy inside and outside the organisation.

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BankInovation

NOVEMBER 30, 2020

Meanwhile, smaller players like BankMobile and Stash added key technology posts, and a SaaS fintech landed a major industry vet as its chairman of the board. November saw new ventures and hires at some of the country’s largest financial institutions.

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BankInovation

SEPTEMBER 11, 2020

The coronavirus pandemic has undoubtedly altered the financial services technological landscape, but which changes will be permanent after the pandemic ends?

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Bank Innovation

NOVEMBER 15, 2019

While large consumer-facing fintech companies like Square, Klarna, Affirm and others tout speed and efficiency of their user experiences, card issuing and processing startup Marqeta‘s technology supports their payment capabilities, with its APIs allowing […].

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The Financial Brand

OCTOBER 22, 2020

Finding the right balance of internal capabilities and outside expertise will be crucial to success and may prompt more fintech acquisitions. The post AI Innovation in Banking Is on the Threshold of Significant Advances appeared first on The Financial Brand.

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PYMNTS

NOVEMBER 20, 2019

Cybercriminals are commonly using the same technologies to design and develop nefarious attacks, such as the botnet Mirai and malware like Deep Locker, which used AI and facial recognition to identify targets through factors like geolocation and online behavior. “I Scotiabank’s Three-Pronged Innovation Strategy.

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The Financial Brand

SEPTEMBER 9, 2021

Current isn't just another fintech. Equipped with all its own technology, the neobank's Gen Z strategy targets legacy institutions. The post Fintech Success Story: How ‘Current’ Is Rising To Be The #2 Neobank appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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The Financial Brand

MARCH 8, 2020

Financial institutions must use new technologies like AI and APIs, not in the old methodical way, but like a fintech, constantly fine tuning. The post What Banks Can Learn from Mastercard’s Innovation Lab Chief appeared first on The Financial Brand.

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The Financial Brand

AUGUST 31, 2021

The post What 5 Top Financial Innovation Labs Are Doing in 2021 appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Bank labs lost some of their cachet, but many are still effectively working out of the limelight, including Amazon's new payments lab.

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The Financial Brand

FEBRUARY 1, 2022

The post Four Technology Trends Radically Altering the Banking Model appeared first on The Financial Brand - Banking Trends, Analysis & Insights. 2022 looks to be a turning point for the industry amid the rise of platform business models, ecosystems, AI and end-to-end digitization.

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The Financial Brand

NOVEMBER 4, 2014

Buying a technology company can speed innovation while improving a bank''s or credit union''s bottom line. Innovation Strategies Technology Strategies A.T. Kearney M&A'

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Bank Innovation

DECEMBER 24, 2019

Financial technology startups will enter the next decade with a little more street cred than the last time around. Nearly 60 upstarts focusing on financial services — from Stripe Inc. to Chime Inc. to Plaid Inc. — have garnered valuations of more than $1 billion in recent years, according to CB Insights.

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The Financial Brand

JULY 11, 2021

Banks and credit unions should view trends in the fintech space to determine where threats and opportunities exist and where resources should be deployed. The post 8 Fintech Trends Changing Banking Forever appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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BankInovation

JUNE 29, 2020

Vanguard and blockchain provider Symbiont are one step closer to integrating blockchain technology into foreign-exchange (FX) forwards processes across a network of a dozen banks, brokerages and asset managers.

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PYMNTS

AUGUST 17, 2017

For American regional financial services company Bank of the West, a division of international bank BNP Paribas, striking the right balance has meant seeking collaborations with competitors in the FinTech space instead of focusing on a digital-only approach. Among the participating FinTechs are Payso, SnapCheck and Token.

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The Financial Brand

OCTOBER 16, 2018

The best innovations in banking for 2018 were announced by Efma and Accenture, highlighting the power of digital technologies and a customer focus. The post The Best Global Innovations in Banking for 2018 appeared first on The Financial Brand.

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BankInovation

OCTOBER 28, 2020

October has seen many new hires in banking and technology around the industry. Big banks like Fifth Third, U.S. Bank and Truist all made major hires, while vendors like Nymbus and Neocova put new personnel in leadership positions.

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