Bank Innovation

JUNE 1, 2017

Innovating at the same time everyone else is innovating is hard, but U.S. Headed by its fearless leader, Dominic Venturo, the bank’s Innovation Group has been at the epicenter of innovation in financial services across various tech sectors. The group has a lot going on at all […].

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South State Correspondent

JUNE 22, 2022

Every bank wants to be “innovative,” but the truth is innovation is difficult. Add to that a bank’s resource constraints, compliance demands, budget goals, legacy IT infrastructure and talent gaps, and innovation for a bank is extremely difficult. The Problem of Bank Innovation. Framing Innovation.

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PYMNTS

NOVEMBER 17, 2019

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. Before joining Sterling, Hoesley was at CIBC Bank USA with Josh Roberts, where the two established the Innovation Banking group in 2014.

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PYMNTS

SEPTEMBER 20, 2020

The business division of Western Union will work with Isabel Group , a Belgian company providing multi-bank services through its B2B network Isabel 6, to grow connectivity in Belgium, according to a press release. We are looking forward to working together with this international player in our ecosystem.".

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PYMNTS

AUGUST 14, 2020

Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. The news service reported that the move hints that the two Chinese investment institutions will be heading up the group’s onshore offering.

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Groups Security Report Regulation 262

PYMNTS

OCTOBER 8, 2020

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. Linear Capital served as the head investor, while additional help originated from KZM & Company Group.

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Bank Innovation

MARCH 13, 2017

How do you choose where to focus your innovation team? Marie Floyd, senior vice president of digital customer experiences for Wells Fargo, has some tips. Floyd, who joined Wells Fargo in 2015, has worked in the tech industry for more than 30 years, and for companies like Intuit, eBay, and IBM. In her time at […].

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PYMNTS

SEPTEMBER 28, 2020

Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. The launch comes a few weeks after Ant Group filed its initial public offering (IPO), which could be the biggest listing in the country’s history. billion yuan ($10.5

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Groups Fintech Mobile Report 272

PYMNTS

MAY 22, 2018

Wells Fargo announced on Tuesday (May 22) that Steve Ellis, head of the innovation group, will retire after nearly 31 years with the company. Before that, he started and ran the wholesale internet solutions group, which launched Wells Fargo’s Commercial Electronic Office (CEO) portal in 2000 and CEO Mobile in 2007.

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Perficient

AUGUST 31, 2020

It’s also a great time to think about innovation. I would like to talk about how Twilio Flex and other services from Twilio can provide some clear ways not only to manage these immediate concerns, but also to drive innovations in how you interact with your customers. I won’t go into all the details of that again here.

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Bank Innovation

FEBRUARY 28, 2018

EXCLUSIVE — Ian Putter, head of unified finance development and innovation at Standard Bank, Africa’s largest bank, has joined the speaker roster for Bank Innovation 2018, which will take place March 5 to 6 in San Francisco. Ian Putter is currently running a number of key finance projects for the Group Finance function.

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PYMNTS

DECEMBER 20, 2020

Alibaba billionaire Jack Ma told Chinese regulators in November that he would give portions of Ant Group , the FinTech he founded, to the country's government in what so far has appeared to be an unsuccessful effort to make peace with authorities in the country, The Wall Street Journal (WSJ) reported.

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Bank Innovation

JUNE 21, 2019

Dominic Venturo, executive vice president and chief innovation officer at U.S. The focus of the innovation group at U.S. Bank, said 5G cellular network technology can be the catalyst that will bring more internet-of-things (IoT) applications into the banking world.

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Bank Innovation

FEBRUARY 22, 2017

Innovation groups are a relatively recent, but an increasingly important, addition to traditional bank structures. Whatever the approach is, Read More.

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The Paypers

APRIL 5, 2024

Travel technology innovator Amadeus has set to deploy New Distribution Capability (NDC) technology for global online travel agency Expedia Group.

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Groups Technology Innovation Online 41

Bank Innovation

NOVEMBER 20, 2018

The future is always uncertain, but banks must prepare now, and this may spell trouble for innovation teams. recently notified about 1,000 employees in its Consumer Banking and Payments, Virtual Solutions and Innovations groups of the bank’s plans to eliminate their positions. Signs point to more difficult economic times ahead.

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Bank Innovation

MAY 22, 2017

Bank wants to revamp its Innovation group with a new artificial intelligence leader. Bank Innovation group,” including overseeing strategic product development, product innovation, and strategy efforts within the AI space, […]. The job posting is vigorous, to say the least.

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Independent Banker

JUNE 30, 2022

Demand for digital solutions continues to accelerate, making innovation an imperative for community banks looking to excel in today’s evolving market. That’s why ICBA makes innovation a priority and provides community banks with the information and tools necessary to grow and succeed in today’s competitive landscape.

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Bank Innovation

JANUARY 5, 2020

Beyond Consortium, led by one of Asia’s largest massage chair makers, V3 Group Ltd. Two more consortiums said they submitted bids for digital banking licenses in Singapore as companies, ranging from a massage chair maker to a property giant and Chinese fintech firms, joined forces to go for the sought-after permits.

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PYMNTS

OCTOBER 6, 2020

New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. This week's look at payment rail innovation is all about digitization and payments acceptance. merchants accept touch-free payments. Nacha Adopts Eight ACH Payment Updates.

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PYMNTS

DECEMBER 15, 2020

Visa Talks Payment Rail Innovation. In a PYMNTS interview this month, Visa Global Head of New Payment Flows at Visa Business Solutions Alan Koenigsberg discussed the need for existing payment rails to innovate and adapt to new use cases. When we think about rails, we think about them as a means to an endpoint," he said.

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Bank Innovation

MAY 18, 2017

In its ongoing pursuit to be the go-to hub for fintech insights and ideas, Bank Innovation has garnered a dedicated following of more than 65,000 monthly readers, nearly 40,000 Twitter followers, and almost 21,000 exclusive LinkedIn group members. Please take a moment to complete […].

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Innovation Survey US Groups 236

Bank Innovation

JULY 1, 2019

First National Bank of Omaha (FNBO), with $20 billion in assets and 5,000 employees, is building out its seven-person innovation group within the bank's namesake skyscraper in Omaha, Nebraska. The goal is to […].

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Bank Innovation

APRIL 16, 2018

This unit labelled Barclays UK Ventures (BUKV) will allow the bank to invest and partner with technology companies that will spur the bank’s technological innovation and growth. It will be led by the bank’s former group head of strategy: Ben Davey. […].

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Bank Innovation

MARCH 16, 2018

The word “innovation” get thrown around a lot in banking these days (ah-hem!), but Lara Druyan, managing director, head of innovation, west coast, for the Royal Bank of Canada warned that without metrics, it is easy for innovation efforts to get “squishy.” “I don’t.Read More.

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Bank Innovation

SEPTEMBER 26, 2019

Marc Butterfield, senior vice president of digital and payments solutions at First National Bank of Omaha, will speak at Bank Innovation Build. He will discuss selling innovation internally, in a panel that focuses on pitching, budgets and bridging disparate interests. His work there […].

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The Paypers

OCTOBER 20, 2022

Lloyds Banking Group (LBG) has launched its Innovation Sandbox to accelerate LBG’s collaboration with fintechs and improve their digital products.

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Bank Innovation

MAY 22, 2018

There are quite a few lending solutions these days for small businesses -- Funding Circle, OnDeck, Kabbage, and Square Capital, to name a just a few -- but innovation and digitization are lagging in other areas, such as digital account opening. Enter Gro Solutions, a sales and marketing platform for financial institutions.

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PYMNTS

DECEMBER 18, 2020

made good on its previously announced plan to allow group audio- and video-conference calls on its Echo devices, The Verge reported. The service appears to present a direct competitor to Zoom and Microsoft Teams in the market to provide group calls to relatively small groups of people. Amazon Inc. In the U.S.,

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Video Groups Meeting Google 222

PYMNTS

SEPTEMBER 16, 2019

These are some of the ways that innovators in the dining space are making it easier for consumers to order their favorite foods — and for restaurants to accept their orders: The projected value of online restaurant delivery sales by 2022, compared to $25 billion today, is $62 billion. Indiana University will have them this month.

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Innovation Mobile Groups Indiana 192

Bank Innovation

DECEMBER 14, 2018

Innovation is not itself an outcome at Wells Fargo & Company, according to the bank’s head of innovation, Lisa Frazier. The innovation group is an enterprise-wide function, she said, that's focused on applying new technology to the business of banking, creating new business models for the organization, and […].

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Innovation Groups Technology Company 170

PYMNTS

MARCH 26, 2019

The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. The group plans to hold its first meeting on April 1. Members will participate on a rotational basis.”.

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PYMNTS

SEPTEMBER 25, 2019

Innovation can be a blanket term in the banking world. Is artificial intelligence (AI) for anti-money laundering (AML) compliance innovation? The latest Innovation Readiness Playbook surveyed more than 200 bank executives to reveal the role that core processing and IT infrastructure play in innovation performance and strategy.

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PYMNTS

OCTOBER 26, 2020

Ma has criticized the financial and regulatory system in the past, saying they “stifle innovation,” according to Reuters. Ant Group was said recently to be pondering a $280 billion minimum valuation for the double listing, a 12 percent hike from the previous amount speculated.

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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 to higher than that of large FIs.

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Innovation Innovation Strategies Survey Groups 157

PYMNTS

JUNE 23, 2017

Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants.

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PYMNTS

JUNE 10, 2020

As retailers reopen and take stock of new post-pandemic consumer dynamics, the role of industry trade groups is changing. Groups like the National Retail Federation (NRF) focused more on economic forecasts and supply chain issues as other advocacy groups that have taken the fight for more stimulus dollars to Washington, D.C.

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