Weekly Wrap: Visa acquires Plaid and retailers embrace fintech
Bank Innovation
JANUARY 17, 2020
Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 17, 2019.
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Bank Innovation
JANUARY 17, 2020
Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 17, 2019.
Independent Banker
OCTOBER 31, 2022
ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.
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Bank Innovation
MARCH 21, 2019
Rapid prototyping and an innovation-oriented mindset are two characteristics that make a bank a good fintech partner, according to panelists at the Bank Innovation Ignite 2019 conference in Seattle last week.
Bank Innovation
OCTOBER 2, 2018
P2P payments service Zelle was once not too keen on social media, but its new video message feature might indicate a change of heart. The video feature, which is being marketed on Zelle's website seems a little, well. The feature works this way: the user adds the name of the person who owes them […].
Gonzobanker
AUGUST 17, 2022
Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).
Bank Innovation
AUGUST 16, 2019
Welcome to the latest episode of our weekly wrap video series, for the week ending August 16, 2019. In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, speaks with Lindsay Davis, senior intelligence analyst at CB Insights, about several findings in her second quarter fintech funding report.
Bank Innovation
MARCH 27, 2020
In a week that saw the coronavirus pandemic amplify in the United States, the fintech sector continued to weather economic dislocation and uncertainty. But even amid this uncertainty, fintech companies began formulating strategies to help banking and consumers emerge from the crisis with better tools and solutions.
Independent Banker
FEBRUARY 28, 2022
We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. The digital world has opened vastly broader avenues for community banks to attract new customers—especially if they partner with fintechs in their endeavors.
Bank Innovation
NOVEMBER 27, 2019
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, November 29, 2019.
Bank Innovation
DECEMBER 6, 2019
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, December 6, 2019.
PYMNTS
NOVEMBER 24, 2020
But top industry experts told Karen Webster during PYMNTS’ latest “On The Agenda” panel that the hurdles for retailers are only beginning. He said the shipping infrastructure nearly buckled earlier this year, and retailers are now being highly conservative when it comes to managing deliveries. “We Stay Flexible .
Bank Innovation
OCTOBER 18, 2019
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, October 18, 2019.
PYMNTS
DECEMBER 3, 2020
While FinTech innovators continue to drive competition with a focus on product functionality and an optimal end user experience, businesses are often forced to use outdated tools, according to Frank Dux , managing director of CoCoNet. The Drive To Upgrade. Regulatory initiatives like PSD2 and open banking across Europe and the U.K.
NCR
JANUARY 30, 2017
Austria’s Erste Bank und Sparkassen has provided the latest sign that face-to-face customer service in the retail banking industry is moving away from the branch and towards mobile and video technology. The Vienna-based bank is now giving customers the option to open an account via video chat.
NCR
JANUARY 30, 2017
Austria’s Erste Bank und Sparkassen has provided the latest sign that face-to-face customer service in the retail banking industry is moving away from the branch and towards mobile and video technology. The Vienna-based bank is now giving customers the option to open an account via video chat.
Bank Innovation
JANUARY 31, 2020
Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 31, 2019. In this episode, editors discuss the following news developments: Venmo’s path to profitability; Berlin-based digital bank N26’s U.S. expansion; and Why a digital bank in Texas is awarding miles instead of interest.
PYMNTS
DECEMBER 11, 2020
In today’s top news, FinTech startup Tink raised €85 million to bring its valuation to €680 million, and Starbucks plans to shift more toward drive-thru and online ordering. New Funding Values Swedish FinTech Startup Tink at $824 Million. Reels are the short-form videos that now have their own tab in Instagram. Tis the Season ….
PYMNTS
MARCH 21, 2019
Mercateo Unite connects buyers, retailers and manufacturers to facilitate B2B trade and procurement. FinTech Partnerships. But as Ives tells it, companies that open their doors to FinTech will benefit from fresh thinking from experts who might have a different but useful point of view.
PYMNTS
JANUARY 14, 2021
The FinTech plans to use the new investments to hire more people and to expand its offerings in Southeast Asia with more affordable, convenient and transparent financial solutions, the release stated. New Toshiba Commerce System Offers Retailers ‘Amazon Go At Scale’. More crypto regulation looms — perhaps on the global stage?
PYMNTS
APRIL 28, 2020
FIs and FinTechs are promoting social distancing by providing online card applications and virtual payment cards to help customers avoid using cash or visiting bank branches. Indian FI Paytm launched virtual and contactless plastic debit cards to help customers circumvent using cash or having to hand over physical cards to retailers.
BankInovation
OCTOBER 6, 2020
Divido is a London-based startup that offers point-of-sale financing solutions for lenders and retailers. Divido is part of INV Fintech, Bank Innovation's sister accelerator program. Watch this video for a short demo of Divido's product, as well as a Q&A with co-founder and CEO […].
Bank Innovation
MARCH 24, 2016
Just under 10% of the companies — 15 to be exact — were fintech-related. Y Combinator’s Winter 2016 Demo Days just wrapped up, with 159 startups taking the stage and making their play for funding. This is about average for a YC incubator class, with the 26% from Summer 2015 being an Read More.
Bank Innovation
JANUARY 25, 2017
Cleo, a London-based fintech startup that has developed a virtual assistant for personal finance, just raised $700,000 in a round of seed funding from intrigued angels. According to Crunchbase, one of those angels is Niklas Zennström, whom some might remember as the mind (and founder) of video-chat service Skype. Read More.
PYMNTS
APRIL 30, 2018
In an interview in 2013 , Founder and then-CEO Renaud Laplanche boasted that incumbent banks like Chase were “like Blockbuster Video” in a world in which tech and new lending models like LendingClub’s would bury them. They have a big incentive on their books to make sure that happens.
Cisco
MAY 29, 2019
In retail banking, it’s clear customer experience matters, and the stakes have never been higher. But, when it really comes down to it, how can banks, saddled with regulations and security challenges, compete with the experiences offered by customer-obsessed tech powerhouses and agile fintechs? According to the J.D.
Bank Innovation
FEBRUARY 21, 2020
Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb.
PYMNTS
DECEMBER 9, 2020
All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena. That suddenly opened up the market for FinTechs to offer targeted slivers of traditional banks’ financial services, like loan underwriting or debit accounts.
PYMNTS
MARCH 2, 2020
How important are humans to your retail banking experience? Despite that, the survival of branches is debated in banking circles, much the same way that retail is obsessed with what to do about America’s half-empty shopping malls. Is that what people really want? Going to the Bank. The High Price of a Good Experience.
PYMNTS
JANUARY 6, 2021
The three verticals that we service at NCR today — banking, restaurants and retail — I think they had the common bond for us that they was all about, ‘how do you simplify operations and the customer experience?’” Tackling those tougher problems to simplify things — and that’s true in banking, retail and restaurants.”.
Independent Banker
FEBRUARY 28, 2023
While most financial advisors still prefer in-person meetings with clients, a 2021 survey by SmartAsset Advisors LLC found that the pandemic spurred most to offer video calls, and more than a third said they expected to continue the practice post-pandemic, in addition to sending emails and texts to clients. in Milpitas, Calif.,
Bank Innovation
APRIL 10, 2020
One week after the Small Business Administration launched its Paycheck Protection Program, banks and fintechs alike are still navigating best practices to get funding into the hands of small business clients. As COVID-19 continues to rattle the economy, startups are launching new products and features to engage customers.
PYMNTS
FEBRUARY 28, 2020
The banking industry is undergoing a sea change in the new decade, with online and mobile banking growing ever more popular among customers, and challenger banks and FinTechs disrupt the market with new technologies. In this month’s Feature Story, BBVA’s head of retail banking Murat Ça?r? The location is currently unique in the U.S.,
Bank Innovation
FEBRUARY 7, 2020
fintech […]. In this episode, editors discuss the following news developments: Conversational AI company Kasisto’s closure of a $22M Series B extension funding round and its implications for the banking ecosystem; How FIS-owned Worldpay is working with U.K.
Cisco
MAY 29, 2019
In retail banking, it’s clear customer experience matters, and the stakes have never been higher. But, when it really comes down to it, how can banks, saddled with regulations and security challenges, compete with the experiences offered by customer-obsessed tech powerhouses and agile fintechs? According to the J.D.
BankInovation
JUNE 5, 2020
Many fintechs rallied for social justice on Twitter, but their offline actions were a mixed bag. Protests launched around the country this week in response to systemic racism and police brutality.
Chris Skinner
JULY 3, 2017
Video chats are also growing in popularity, up 92% during 2016. With more than 450,000 contactless terminals now spread across retailers from pubs to supermarkets across the UK, 2016 might be seen as the year a quick ‘touch’ on a card reader started to replace notes and coins altogether. There were 4.4
PYMNTS
MAY 22, 2020
The trend is not entirely unexpected and can be attributed to the pandemic, with FinTech funding dropping by 37 percent quarter-over-quarter to $6.1 Xtracap Fintech. The company connects SMBs to invoice financing via is mobile app Bridge2Capital, targeting retail shopkeepers with a way to finance their outstanding payables.
PYMNTS
JANUARY 10, 2020
With roughly 17 million active users each month and 30,000 diverse online retailers, Honey has delivered some $1 billion in savings to shoppers in the past year. Citigroup Names New Retail Banking Leader. David Chubak will head all retail sectors — branches, mortgages, wealth, risk management and small business, according to a memo.
Gonzobanker
NOVEMBER 18, 2014
After Retail Delivery had some mushy general sessions a few years ago, this is the second year in a row we have seen some provocative stuff on the main stage. Fintech by the numbers: 5 CEOs, 10 stage lights, 2 flat panels, and 6 amps (with Hendrix-esque feedback). So, isn’t retail delivery about consumer lending?
PYMNTS
APRIL 22, 2019
Those changes in branch size have come with the deployment of video remote tellers and sales systems, used not only for drive-up transactions, but account openings and loans. Some of that technology, for instance, enables customers to perform banking transactions with another person at the other end of the video feed at 7 p.m.
South State Correspondent
OCTOBER 28, 2022
Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Big Idea – Building a New Digital Retail Brand is Fool’s Gold. To the many community banks and fintechs that have tried creating a digital bank (or are thinking about this), the strategy is misaligned to its core.
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