Bank Innovation

JANUARY 29, 2020

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.

Meeting 364

Meeting Fintech Study Google 364

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. .

Fintech 195

Fintech How To Innovation System 195

Bank Innovation

MAY 15, 2019

Despite the importance bank executives place on innovation, a significant number believe their banks lack the technology to invest in disruptors. Greg Watson, the […].

Study 170

Study Compliance Software Innovation 170

Bank Innovation

APRIL 27, 2018

Singapore is taking another step towards cementing itself as the top fintech hub in the world. Today the Intellectual Property Office of Singapore (IPOS) said it would speed up the patent granting process for fintechs in the country.

Fintech 337

Fintech Study Operations Online 337

The Paypers

JUNE 14, 2022

Unchain Fintech Festival has collected data from top banking and fintech representatives for a market study called Fintech Under the Spotlight focused on the CEE region.

Regional 53

Regional Study Fintech Innovation 53

PYMNTS

MARCH 17, 2020

The 2020 Credit Union Innovation Index , conducted in partnership with PSCU , found that over 20 percent of members would drop their current CU over lack of innovation. The share of CU members reporting they were willing to change primary FIs over insufficient innovation increased by 4.6 Our study shows that 42.1

Innovation 159

Innovation Study Operations Examples 159

Bank Innovation

JUNE 27, 2016

Phoenix, AZ – June 27, 2016 – Millennials are driving innovation in the fintech space and many traditional financial institution applications miss the mark with the younger generations, leaving them.

Millennials 186

Millennials Study Phoenix Mobile 186

Bank Innovation

FEBRUARY 19, 2020

Global investment banks are making major digital investments to keep pace with fintechs, Moody’s Investors Service reported in a research note this week. The research study noted that global investment banks are focusing on enhancing their digital platforms, spending an average of $72 billion annually on IT.

Fintech 259

Fintech Study Report Innovation Strategies 259

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

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

JANUARY 27, 2021

The banking industry faces many day-to-day business challenges, including competition with digitally native FinTechs and the ubiquitous social distancing restrictions brought on by the pandemic. One study found that the use of malicious botnets to register false accounts increased by more than 70 percent in Q3 2019, for example.

Security 213

Security Innovation Fraud Study 213

Bank Innovation

MAY 23, 2019

A new study from Juniper Research expects fintech revenue will grow 59 percent over the next five years. The digital technology research and consulting firm predicted fintech revenue to increase from $263 billion this year to $638 billion in 2024.

Fintech 199

Fintech Study Industry Technology 199

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. . Even worse, it’s having an impact on how quickly their innovations can get to market.

Innovation 160

Innovation Fintech Marketing Study 160

Chris Skinner

MARCH 23, 2017

They manage the Fintech Istanbul program, and are the powerhouse behind many of the innovations we’ve seen in Turkey from mobile wallets to contactless payments. We may describe Turkish banking sector as strong, innovative, modern and well-regulated. Could you please tell us a bit about banking sector in Turkey?

Innovation 196

Innovation Cards Trends System 196

Bank Innovation

OCTOBER 31, 2019

Digital financial services from lending to asset management are expected to generate at least $38 billion of annual revenue across Southeast Asia by 2025, more than tripling from $11 billion in 2019, according to a new study by Bain & Co., Google and Temasek Holdings Pte.

Study 186

Study Lending Google Online 186

PYMNTS

APRIL 27, 2020

PYMNTS latest research series, Beyond The Card: Innovating The Next Generation Of Credit Solutions , a collaboration with i2c , sets out to chart this complex and evolving landscape. Another key component of the report is case studies of four enterprises that are putting credit innovation to work in the real world.

Cards 226

Cards Fintech United States Case Study 226

PYMNTS

JANUARY 7, 2020

The rise of FinTechs in the last decade – and the millions of customers they’ve siphoned away from mainstream financial institutions (FIs) – has changed the landscape for banks. Innovation is no longer optional – it’s table stakes to stay in the game. Some FIs are ready to innovate, and some aren’t. The New Core Competencies.

Innovation 139

Innovation Technology Marketing System 139

PYMNTS

FEBRUARY 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. Liu pointed out that the online database of the aforementioned state licensing and FinTech guidance will go live later in 2019.

Regulation 147

Regulation Fintech Community Bank Community 147

PYMNTS

MARCH 13, 2019

A vast majority of firms in that sector surveyed by Forrester (and commissioned by TransUnion) – 99 percent of them, in fact – view open banking as beneficial to financial services, as reported by Enterprise Innovation. The announcement noted that 150 startups globally have participated in FinTech Sandbox through the past four years.

Study 155

Study Customer Experience Fintech Survey 155

PYMNTS

DECEMBER 31, 2019

The following Deep Dive further explores how paper-based methods can result in processing delays and how new, cutting-edge payment innovations can drive accounts payable (AP) automation. Greater access to innovative payment methods will give businesses opportunities to move away from manual AP processes. Manual processing challenges.

Innovation 153

Innovation Payments Survey blockchain 153

Bank Innovation

AUGUST 18, 2016

Incumbent payment firms are more likely to engage with fintech upstarts than other companies in the financial sector, according to the 2016 PwC Global FinTech Survey, “Payments in the Wild Tech World“ The payments industry is running scared and the vast majority are taking action.

Fintech 150

Fintech Study Payments Survey 150

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.”

Innovation 155

Innovation Study Technology Millennials 155

PYMNTS

JULY 15, 2020

. “A potential client has to study the market and be very careful that who they are going to work with has the right solution for their needs — not only today, but also further down the road,” said McDonald. A Digitization Push. Factoring and supply chain finance are cash flow strategies that have been in place for decades.

Innovation 135

Innovation Tools Strategy Management 135

Chris Skinner

JULY 19, 2017

I just attended an EFMA conference where the opening presentation talked about the most innovative banks in the world. Using the application simplifies trade finance for SMEs as the DTC links all parties – buyer, seller and the … The post Five financial innovations you may have missed appeared first on Chris Skinner's blog.

Innovation 298

Innovation Capital Conference Customer Experience 298

PYMNTS

OCTOBER 21, 2020

Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., as well as the launch of the Flex by Finaxar initiative from Finaxar.

Cards 130

Cards Innovation Management Fraud 130

Bank Innovation

MAY 25, 2017

Millennials are in the driver’s seat of innovation. If you’re in fintech, you’ve probably heard that statement more than once. But a new study from FIS, released this week, suggests that millennials are not as unique as many think — at least in terms of financial service preferences.

Millennials 230

Millennials Study Innovation Fintech 230

PYMNTS

JANUARY 28, 2020

Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic advantages. One such innovation comes from credit union service organization (CUSO) PSCU , which recently released a desktop automation system to optimize CU call centers. million in 2019.

Innovation 155

Innovation St. Louis Fraud United States 155

PYMNTS

MAY 30, 2018

On top of that, there’s the complication of doing all of it with legacy systems that can’t always withstand innovative changes, new business models or the latest wave of digital disruptors that seem to be upsetting the industry applecart. Why Banks Need FinTechs. Why FinTechs Need Banks. There’s a good reason for this.

Fintech 160

Fintech Regulation Compliance Innovation 160

PYMNTS

OCTOBER 28, 2020

This puts them at risk of losing customers to more agile FinTechs that lack these issues. The digital payments industry is seeing record profits, with a study expecting it to hit $120.7 These large investments by FIs in new technologies are mere drops in the bucket compared to FinTechs’ investments, however.

Payments 219

Payments Compliance Fintech Innovation 219

Gonzobanker

FEBRUARY 8, 2023

Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. According to CB Insights, fintech funding in the U.S. According to Cornerstone Advisors’ What’s Going On in Banking 2023 study, there are about 500 community banks and credit unions making direct investments into fintech startups.

Community Bank 99

Community Bank Community Fintech Leadership 99

Bank Innovation

DECEMBER 9, 2019

A study from consultancy A.T. Kearney released this month entitled “How Convenience, Innovation, and Trust Will Shape Tomorrow’s Banking,” noted that while U.K. The notion that customers don’t trust non-legacy banking brands is starting to fade, at least in the U.K.

Study 293

Study Data Branding Innovation 293

Bank Innovation

MARCH 27, 2017

Banks’ fear of fintechs has (mostly) receded, but banks are still keeping an eye on the new entrants. In fact, according to a new study by The Economist Intelligence Unit, banking executives expect fintechs to gain the most marketshare in mortgage lending, as well as consumer finance and credit, including car and payday loan products.

Fintech 150

Fintech Marketing Study Lending 150

PYMNTS

JANUARY 13, 2021

Ingo Money CEO Drew Edwards recently told PYMNTS that “Historically, banks have viewed FinTechs through an ‘us versus them’ lens — and rightly so, because, in so many cases, the banks were disintermediated or relegated to become ‘dumb vaults’ for the FinTechs they partnered with. Consumerization Continues. “A

Fintech 130

Fintech Customer Experience Lending Risk Management 130

PYMNTS

OCTOBER 25, 2019

New Zealand is a country that can be easy to overlook when it comes to FinTech. These are indeed exciting times for FinTech, payments and financial services in New Zealand. Open Banking will create the infrastructure for innovation,” van Dam said. All of those factors combine to make FinTech a robust proposition in that country.

Fintech 111

Fintech Case Study Maine Innovation 111

BankInovation

JULY 10, 2020

The percentage of risky worldwide transactions in the financial services industry increased by 11% since early March, according to a recent TransUnion study. The COVID-19 pandemic has accelerated the move toward digital banking platforms, but this has come with an increased risk for fraud.

Fraud 75

Fraud Innovation Fintech Study 75

PYMNTS

OCTOBER 19, 2020

GPS's technology helps brands by allowing them to provide customized experiences put squarely in the cardholders' hands, the release says, having previously supported FinTechs, digital banks, and eWallets on their various journeys. The study found that cash had been used only a fraction as much as it used to be.

Study 174

Study Innovation Fintech Customer Experience 174

Insights on Business

FEBRUARY 23, 2019

Three years ago, banks were looking at fintechs with a wary eye. Two years ago, they were appointing chief innovation officers to dip their toes in with proof-of-concept projects or in-house incubators. based financial services C-level executives, will focus on the transformational leader who is innovating at enterprise scale.

Innovation 125

Innovation New York City Training Case Study 125