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 to higher than that of large FIs.

Innovation 157

Innovation Innovation Strategies Survey Groups 157

PYMNTS

NOVEMBER 14, 2017

A new report by business banking market research and analysis firm East & Partners suggests corporations aren’t opposed to changing banks as a direct result of new FinTech solutions businesses want to use. East & Partners found regional trends in corporate treasurers’ demand for FinTech solutions, too.

Tools 179

Tools Fintech Survey Analysis 179

Bank Innovation

JULY 17, 2018

Banking consumers take a middling view of today’s mobile banking applications, according to a study by Bank Innovation. In the survey conducted this month by Bank Innovation, banking consumers gave mobile banking a net promoter score of 12, which is in the bottom 25% to 50% of all NPS scores.

Innovation 210

Innovation Mobile Study Survey 210

PYMNTS

FEBRUARY 19, 2019

Those who work in and around high tech and innovation are lulled into a narrative about progress being on a march ever forward, rarely slowing, never stopping and certainly never turning around and marching in the wrong direction. . Once one gets outside of the top 25 banks in the U.S., The Soft Middle in Financial Services.

Innovation 160

Innovation Fintech Marketing Study 160

PYMNTS

DECEMBER 14, 2017

Not innovating is not an option. Perhaps in the early days of digital banking and mobile apps, innovative technology was a “nice to have,” but that is no longer the case. The Bank Innovation Readiness Index , in collaboration with payments solutions provider i2c , provides evidence to back that up.

Innovation 162

Innovation Branding Payments Survey 162

PYMNTS

JANUARY 22, 2019

When it comes to innovation, though, are CUs investing in the technologies their members want, or are they putting their money into innovations that don’t align with their members’ priorities? The findings highlighted a disconnect between the innovation priorities of CUs and the ones important to their members.

Innovation 109

Innovation Report Fintech Survey 109

PYMNTS

NOVEMBER 9, 2018

percent of retailers have said they innovate to improve customer loyalty. That, in fact, is one of the main findings in the new Retail Innovation Readiness Index from PYMNTS, powered by FinTech firm AEVI. Things have changed, though, he said — one reason why that innovation finding carries such weight. “I

Innovation 174

Innovation Retail Maine Security 174

Bank Innovation

APRIL 11, 2016

Investors see a sunny future for marketplace lending, according to a survey released today by Richards Kibbe & Orbe LLP (RKO) and Wharton Fintech. The results of the survey, titled 2016 Survey of U.S. Marketplace Lending, show that half of investors surveyed have capital allocated for marketplace lending.

Survey 150

Survey Lending Capital Fintech 150

PYMNTS

NOVEMBER 12, 2020

Morgan that surveyed treasury professionals across the globe, which found roughly 70 percent of firms in APAC accelerated their own “digital journeys” and transformations. Another factor is the regulatory requirements in many markets that historically necessitate paper documentation for cross-border movements of funds.

Innovation 295

Innovation Regional Data Payments 295

PYMNTS

APRIL 29, 2019

Along with digital transformation, innovation has been a buzzword for some time. These may seem like abstract concepts, but innovation has had concrete results in the financial industry. In partnership with i2c , PYMNTS produced the March 2019 Innovation Readiness Index to assess the state of innovation in the financial industry.

Fintech 193

Fintech Innovation Community Bank Study 193

PYMNTS

APRIL 1, 2019

It’s a statement borne out by the new Credit Union Innovation Playbook , a PYMNTS/ PSCU collaboration. According to this survey of credit union customers, an overwhelming 81.3 They very naturally want to see those types of innovations incorporated into their banking relationships. That is, if they choose the right FinTech.

Innovation 141

Innovation Fintech Fraud Security 141

PYMNTS

OCTOBER 22, 2019

FinTech startups and tech giants are bringing new competition and banks risk “becoming footnotes to history” as regulations ease, making it easier for companies to offer financial services. Whereas FinTechs earmark 70 percent of budgets to advancements, legacy banks set aside only 35 percent. Amazon in the U.S.

Survey 101

Survey Fintech Innovation Report 101

PYMNTS

MARCH 17, 2017

Financial software firm Misys had a bit of a roller coaster year in a market constantly in flux. company canceled its IPO last October, citing “ current market conditions” as its reason behind deciding not to pursue an estimated $7 billion float on the London Stock Exchange. The company will merge with DH Corp.,

Fintech 195

Fintech Innovation Lending Management 195

PYMNTS

JANUARY 17, 2018

The corporate expense management market doesn’t look like it once did. While this industry is largely reliant on corporates’ adoption of innovative technology, it is also instrumental to getting issuing banks in on the movement.

Fintech 187

Fintech Data Cards Innovation 187

PYMNTS

SEPTEMBER 19, 2018

Small businesses, while they may struggle to have the resources to invest in the tools they want, can be more agile and flexible to handle changing markets. Where does the middle market fit in this spectrum? “Do middle-market companies feel vulnerable to disruption? ” Surveying 300 U.S.

Capital 134

Capital Marketing Mobile Payments 134

PYMNTS

SEPTEMBER 27, 2017

The FinTech space is hoping to address these challenges head-on, targeting the paper and manual-based processes of trade finance transactions though innovations like blockchain. The survey polled more than 515 banks and 1,336 companies across 103 countries, finding that FinTech innovators can, indeed, help address the $1.5

Fintech 128

Fintech Survey Lending United States 128

PYMNTS

OCTOBER 17, 2017

The cross-border payments space presents a whole host of challenges for FinTech innovators to try to solve, with new solutions targeting everything from global eCommerce to international tuition payments. The October 2017 X-Border Receivables Report , released last week, outlines just how vast the cross-border payments market is today.

Innovation 104

Innovation Payments Fintech Survey 104

PYMNTS

SEPTEMBER 18, 2019

The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S. In a market without Open Banking regulations, FinTechs continue to enter in to the market, collaborating with bank partners to offer their own financial services — which often compete directly with other financial institutions.

Fintech 144

Fintech Payments Meeting Capital 144

PYMNTS

NOVEMBER 7, 2017

As evidenced by the Bank Innovation Readiness Index , done in collaboration between the two firms, more than 200 banks and financial institutions are in varying stages of preparedness when it comes to payments innovation. Winitz said that innovation can be disruptive or it can be incremental. Data Point Number One: 64 Percent.

Innovation 108

Innovation Meeting Payments Survey 108

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Of those surveyed, said the GAO, nine of the 11 said that regulatory uncertainty has been a hurdle in credit expansion.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

SEPTEMBER 4, 2019

trillion gap in global trade finance — continues to be used as a driver of FinTech innovation as technology startups look for ways to address friction in global trade financing. Standard Chartered is the latest bank to embrace FinTech collaboration to tackle the trade finance gap, having announced Tuesday (Sept.

Fintech 143

Fintech blockchain Capital Innovation 143

PYMNTS

SEPTEMBER 19, 2017

While non-bank financial institutions (FIs) and FinTechs may be keeping traditional banks on their toes, banks still have the largest piece of the corporate banking pie. Eighty percent of treasurers surveyed identified cash management surveys as the top area under review, followed by liquidity solutions, payables, FX and commercial lending.

Innovation 108

Innovation Survey blockchain Lending 108

PYMNTS

OCTOBER 28, 2020

Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 This puts them at risk of losing customers to more agile FinTechs that lack these issues. trillion in 2020. trillion in transaction value by 2023.

Payments 219

Payments Compliance Fintech Innovation 219

PYMNTS

SEPTEMBER 29, 2017

Banks are finding it more difficult than ever to ignore potential FinTech partnerships that could better serve their corporate customers. When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help.

Fintech 141

Fintech Risk Management Compliance Management 141

PYMNTS

FEBRUARY 22, 2018

Southeast Asia is now front and center on the world’s FinTech stage, and it’s no accident. Regulatory efforts to promote FinTech innovation, a bustling climate for blockchain and interest from other markets eyeing the region for expansion have all led to Southeast Asia’s impressive standing in this space.

Fintech 104

Fintech Regional Resources blockchain 104

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. The rise of FinTech offers a bit of a prism through which to view those events. The rise of FinTech offers a bit of a prism through which to view those events.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

OCTOBER 31, 2019

However, CUs face an innovation gap when compared to big banks that are racing ahead and implementing technology to better evaluate risk, provide personalized insights and foster greater financial inclusion in their markets. Only 15 percent of surveyed CU executives expected the same.

Innovation 101

Innovation Survey Lending Technology 101

PYMNTS

JULY 31, 2017

The 2017 report from FIS surveyed nearly 500 SMEs in the U.S. PYMNTS examines some of the most telling data from the survey below. -14% with revenues up to $500 million. The data is clear: While most small businesses use some type of large, global bank, a significant portion of them are not happy with the services being provided.

Survey 112

Survey Community Bank Community Regional 112

PYMNTS

SEPTEMBER 28, 2017

FinTechs are developing ways to automate accounting tasks, forcing human accountants to provide more strategic, value-added services. Instead, the majority actually said accounting software was the most important innovation in their industry. The future of the corporate accountant is in flux. Embracing The Cloud.

Trends 108

Trends Innovation Survey Software 108

PYMNTS

APRIL 25, 2018

When it comes to innovation, credit unions may just be the most innovative of all, while banks big and small fail to keep up with their pace – but they’ve still got a long way to go. Most CUs, along with 80 percent of FIs of all kinds, find themselves stuck in the middle of the pack when it comes to debuting new innovations.

Innovation 108

Innovation Data Community Bank Community 108

PYMNTS

FEBRUARY 23, 2017

Banks and FinTechs are going in on blockchain technology , as two separate reports released earlier this month conclude. Analysis from Corporate Insight and Infosys Finacle say banks and FinTechs are readying increased involvement and investment in distributed ledger technologies.

Fintech 115

Fintech blockchain Survey Technology 115

Celent Banking

AUGUST 8, 2014

Innovation is global. Yet, increasingly, conversations with banks, especially in the US, reveal that many institutions aren’t looking too far outside of their market, let alone their vertical, industry, or country, for inspiration on how to innovate. How well do financial institutions innovate compared with other industries?

Innovation 169

Innovation ATM Survey Industry 169

PYMNTS

FEBRUARY 26, 2020

Though still strong, this industry growth has slowed in recent years, with another survey finding that total loans only increased by 6.6 One recent collaboration came from Texas-based Randolph-Brooks Federal Credit Union (RBFCU), which partnered with Fiserv’s subsidiary Raddon to integrate the FinTech’s Predictive Analytics solution.

Nevada 192

Nevada Security Innovation Data 192

Bank Innovation

JANUARY 2, 2020

Gartner’s Digital IQ Index for 2019 surveyed 80 banking and financial brands, including national banks, regional banks, online banks and fintech startups. It examined 1,200 data […].

Regional 273

Regional Study Survey National 273

PYMNTS

MARCH 26, 2020

FinTech Veteran Dan Henry Tapped To Lead Green Dot. Dan Henry will step in as the new president and CEO of branchless bank and FinTech Green Dot. Competition and Markets Authority says the merger could hurt competition in the sector. How Banks Can Tap Trust As Their Foundation For Innovation.

Fintech 140

Fintech Payments America Survey 140

PYMNTS

OCTOBER 31, 2016

East & Partners outlined its findings in the Treasury FinTech Index, which surveyed treasurers across geographic markets. He added that this signals a “two-pronged approach” that is helping to accelerate the adoption of FinTech in the corporate world. percent increases in their FinTech investments.

Fintech 100

Fintech US Financial Technology Technology 100

PYMNTS

MARCH 1, 2018

hasn’t had such regulatory pressure, signs that banks are opening up their data to third-party FinTechs are beginning to emerge, a trend partially attributed to competitive market pressures — and similar signs are popping up in Canada too. PSD2 opened the floodgates for open banking across Europe and the U.K. While the U.S.

Marketing 100

Marketing Data New York Trends 100