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.

Groups 100

Groups Innovation Customer Experience Strategy 100

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.

Innovation 267

Innovation Video Management Operations 267

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.

Innovation 134

Innovation Rhode Island Community Bank Community 134

Bobsguide

APRIL 30, 2022

Advisory Group will consist of senior credit traders from AllianceBernstein, American Century Investments, BlackRock, Invesco, MetLife Investment Management, PIMCO, and PineBridge Investments. NYSE: BR) has formed a new Buy-Side Advisory Group for LTX, Broadridge’s artificial intelligence (AI)-driven electronic trading platform.

Groups 113

Groups Management Innovation Marketing 113

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.

Innovation 236

Innovation Data America Payments 236

PYMNTS

NOVEMBER 4, 2016

The seed of FinTech innovation often comes from a desire to do things differently. But as finance and payments tech expands, these traditional FIs are learning that perhaps the best way to meet the demands of their corporate clients isn’t to compete with FinTech innovators but to collaborate with them. ”

Management 100

Management Innovation blockchain Capital 100

PYMNTS

JANUARY 14, 2021

In today’s top payments news around the world, Grab Financial Group said it has raised $300 million in a funding round, while the Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy. Grab Financial Group Raises $300 Million For Expanded Finance Solutions.

Innovation 138

Innovation Policies Groups Payments 138

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.

Meeting 187

Meeting Groups Industry Report 187

PYMNTS

NOVEMBER 3, 2020

As China's Ant Group readies for its IPO — the biggest ever — founder Jack Ma wanted to clarify that the company is a tech firm, not a bank, Reuters reports. It has broadened its reach to include artificial intelligence and other such techniques to work with insurance, wealth management and other types of products.

Groups 196

Groups Regulation Report Security 196

PYMNTS

MAY 14, 2020

Union Square Hospitality Group founder and CEO Danny Meyer said he doesn’t see reopening the dining rooms of his 19 restaurants located across New York City until after there is a vaccine for the coronavirus. Chef and restaurant group owner David Chang said he was permanently shuttering Nishi in Chelsea and Momofuku in Washington, D.C. .

Groups 231

Groups New York City New York Washington 231

PYMNTS

DECEMBER 27, 2016

Capital One’s Treasury Management Group is already looking ahead to how corporate treasurers will face the most modern of challenges in 2017. For Capital One, approaching the future of treasury management means collaboration.

Innovation 182

Innovation Fintech Capital Survey 182

PYMNTS

OCTOBER 16, 2020

A managed security services provider h as also con cluded a $53 million Series B round to help accelerate research and development of its cloud security technology, among other uses. Venture capital funding landed at accounts payable (AP) and cybersecurity technology firms, among other innovators that raised money this week.

Innovation 174

Innovation Capital Security United States 174

South State Correspondent

MARCH 14, 2024

This all compares to about a 40%+ return invested in improving processes (loan, branch, cash management, etc.) Bank management should, of course, strive to increase cash flow as soon as possible. Now, with customers, and relationship managers switching banks at one of the highest rates, banks need to adapt to remain relevant.

Innovation 195

Innovation Strategy Capital Comparison 195

CFPB Monitor

SEPTEMBER 6, 2022

I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She is resident in the firm’s Minneapolis office.

Groups 78

Groups Minneapolis National Lending 78

Independent Banker

APRIL 30, 2022

Community bankers are embracing innovation like never before—with impressive results. But with so much emphasis placed on customer-facing products and technologies, innovating back-office operations can fall to the bottom of the priority list. As bankers, we learn this during our first day in management training.

Innovation 91

Innovation Community Bank New York City Community 91

Independent Banker

NOVEMBER 30, 2022

And yet, some industry experts have observed that AI is not yet being used to its full advantage in vendor management—one of the thornier problems that community banks are wrestling with today. If a community bank has just a handful of vendors, managing those vendors is fairly straightforward. AI and innovation.

Management 91

Management Community Bank Community Data 91

PYMNTS

APRIL 29, 2020

The April 2020 New Payment Flows edition of PYMNTS’ Credit Union Innovation Playbook series, a PSCU collaboration, looks into the credit union (CU) space at a pivotal moment: Many concepts, from eating to shopping to traveling and, of course, how we pay, have changed forever. CUs value innovation that benefits members.

Innovation 152

Innovation Payments Millennials Survey 152

Bobsguide

SEPTEMBER 12, 2022

Driven by investor research and innovative design, Wealth InFocus is transforming digital and print client communications and increasing investor engagement with a simpler, intuitive and actionable experience.

Groups 88

Groups Management Innovation Survey 88

PYMNTS

OCTOBER 7, 2019

Hazeltree announced it has acquired ENSO Financial Analytics (ENSO), a leading provider of portfolio analytics for hedge funds and prime brokers, from CME Group for an undisclosed amount. IHS Markit participated in the investment, as well as existing investors.

Groups 116

Groups Analytics Data Innovation 116

PYMNTS

DECEMBER 22, 2020

They will need to continue innovating these processes to stay on top of shifting B2B trends worldwide. The group previously spent about $50,000 annually just to mail out paper check payments, Freese noted, before it switched instead to making these transactions via virtual cards.

Innovation 237

Innovation Cards Payments Study 237

Insights on Business

NOVEMBER 16, 2016

Most people who know the name Branch Rickey know him as the president and general manager of the Brooklyn Dodgers who played a key role in helping Jackie Robinson break the Major League Baseball color barrier in 1947. In a speech to a YMCA group in 1915, Mr. Rickey said: “There is no luck. Luck is the residue of design.”.

Innovation 117

Innovation Management User Experience Leadership 117

PYMNTS

OCTOBER 10, 2019

Bank of America (BoA) may have hired a treasury product manager to work with Ripple. This role leads the product management team for the Ripple Project, a decentralized ledger technology-based solution to cross-border payments marketed to [global transaction services (GTS)] clients,” the job listing read. “The

Management 191

Management Report cryptocurrency America 191

PYMNTS

SEPTEMBER 9, 2019

David Watson, the former managing director and head of cash management for Deutsche Bank in the Americas, as well as the head of global digital cash products, has joined SWIFT as the new strategic relationship director in North America, according to a release. He has also been a member of TCH’s Company Board since 2017.

Management 179

Management America New York Regional 179

PYMNTS

AUGUST 29, 2019

The Walt Disney Company announced that it has sold its equity interest in the YES Network to a newly formed investor group that includes Yankee Global Enterprises, Sinclair Broadcast Group, and Amazon. The group acquired the 80 percent of the YES Network not already owned by the Yankees, at a value of $3.47

Groups 116

Groups Regional Capital New York 116

Bank Innovation

MAY 15, 2019

It is this revolution that has led us to present Bank Innovation Build, our newest conference, on Nov. There is a revolution going on inside banking. And that’s not just a cheap cliche. Allow me to explain: A few days ago, Dana Maor, a senior partner at McKinsey, wrote that the consultancy believes “that […].

Innovation 170

Innovation Conference US social media 170

PYMNTS

FEBRUARY 28, 2019

Australian digital identity management technology firm Identitii is joining a group of the nation’s largest banks to boost efficiency of digitizing data exchange for its financial institution customers. The tool deploys blockchain technology to enhance the movement of information via banks’ existing infrastructures.

Groups 109

Groups Innovation Fintech Industry 109

PYMNTS

SEPTEMBER 17, 2020

The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. I am delighted to be joining Libra Networks with a mission to enhance financial innovation,” said Emmett. Libra Association, launched in June 2019, describes itself as an “independent member organization.”

Management 142

Management social media Leadership California 142

Perficient

NOVEMBER 20, 2020

The independent Gartner research group released its Magic Quadrant evaluating HCM Cloud applications for 1000+ employee enterprises and Oracle is named a Leader for the 5 th consecutive year. The SaaS solution provides functionality from Global HR, Workforce Management, Talent Management and Payroll.

Meeting 322

Meeting Innovation Tools Groups 322

PYMNTS

DECEMBER 2, 2019

Norwegian banking group Eika Group has invested in FinTech EedenBull to help its banks with new and innovative payment solutions to serve customers, according to a release. EedenBull was created last year by a group of payments experts from around the globe, and was immediately recognized as a strong partner for European banks.

Groups 100

Groups Payments Cards Fintech 100

PYMNTS

DECEMBER 2, 2019

Shifting employee landscapes, changes in workers’ demands over how and when they get paid, and technological innovation have combined to open the floodgates for payroll FinTech. Speeding Up Wages. Among the largest, she said, is an accelerating pay cycle. “Gone are the days of paper pay slips to your door,” she said.

Innovation 186

Innovation Data Payments Groups 186

PYMNTS

MARCH 12, 2019

Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA ). Innovating for Community Banks. Community banking is no exception.

Community Bank 205

Community Bank Community Innovation Fintech 205

PYMNTS

SEPTEMBER 9, 2019

Vndly and Pontoon have announced that they are teaming up on contingent workforce management solutions. Founded in 2017, Vndly provides businesses with a work management system designed to help them manage their contingency workforce using sophisticated algorithms, machine learning (ML) and artificial intelligence (AI) technology.

Management 100

Management Capital Innovation Compliance 100

PYMNTS

MARCH 12, 2020

Among PingPong’s sellers, the fact that the outbreak was caught between the Chinese New Year and spring festival celebrations meant there were already significant inventory build-ups going into the season, which managed to absorb many of the supply chain and production issues. An Opportunity for Innovation .

Innovation 283

Innovation Policies social media Examples 283

PYMNTS

APRIL 5, 2019

Norwegian banking alliance Eika Group is teaming up with EedenBull , India’s FinTech startup BharatPe notched $15.5 Kudi Co-Founder and CEO Yinka Adewale said the company will be “hiring engineers, product managers and product designers,” according to the reports. With the latest round, the company’s total investment has arrived at $6.7

Groups 109

Groups Innovation Fintech Payments 109

PYMNTS

OCTOBER 28, 2019

CPI Card Group announced that it has launched Second Wave cards for markets including transit, hospitality, entertainment and more. First launched in September, Second Wave payment cards feature a core made with recovered ocean-bound plastic to reduce first-use plastic while diverting plastic waste from entering the ocean.

Cards 101

Cards Groups Marketing Survey 101

PYMNTS

AUGUST 5, 2019

International Business Machines Corp (IBM) and blockchain consultancy Chainyard have announced a new blockchain network for supply chain management designed to improve supplier validation, onboarding and life cycle information management, IBM said in a press release on Aug. 5 (Monday).

blockchain 122

blockchain Management Tools Taxes 122

Bobsguide

JUNE 13, 2022

– Group EBT up by 91 percent compared to first quarter of 2021, revenue up by 40 percent. – Group revenue guidance for 2022 upgraded from EUR 680 million to around EUR 720 million and EBT guidance from EUR 54.5 Pre-tax earnings for the full year are likely to reach around EUR 58 million at Group level (previously: EUR 54.5

Groups 60

Groups Taxes Regional America 60