Bank Innovation

NOVEMBER 10, 2017

The National Bank of Australia (NAB) will create 600 new technology jobs. The new job additions will help the bank build its tech presence in order to efficiently compete with the burgeoning fintech industry, NAB said. This announcement comes just a few weeks after the bank said it was cutting 4,000 jobs.

National 191

National Industry Fintech Technology 191

BankInovation

JANUARY 29, 2021

Innovation in the financial industry is now an expectation. A bank that focuses too heavily on digital innovation can see its budgets run thin, and its customers become overwhelmed. However, for small and mid-size financial institutions, this can be a fine line to negotiate.

Innovation 98

Innovation National Industry Omaha 98

Abrigo

FEBRUARY 27, 2020

Key Takeaways FinCEN hires Digital Innovation Officer to prove commitment to innovation in BSA/AML. Abrigo embraces innovation with the introduction of artificial intelligence scenarios. Abrigo Embraces Innovation with Machine Learning Scenarios. Be at the forefront of innovation in BSA/AML. learn more.

Innovation 195

Innovation Software United States Compliance 195

PYMNTS

OCTOBER 12, 2020

No matter how innovative they are, companies still need to get paid. And not many companies this year have combined business model creativity with payments innovation more than Beautycounter. While all the innovations and the business awards are nice to have, Renfrew is most proud of her work as a beauty industry activist.

Innovation 270

Innovation New York City Denver Retail 270

PYMNTS

JULY 24, 2020

It’s a model based on the concept of collaboration and cooperation, two ideals that have become instrumental in the financial services arena’s payments innovation efforts. ” That global reach also had the CU prioritizing global payments innovation from the get-go. As the U.S. As the U.S.

Innovation 201

Innovation Payments Leadership National 201

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

PYMNTS

MAY 27, 2020

The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. Many CUs are investing heavily in new digital technologies to help serve their members during the COVID-19 pandemic, but not all innovations are successful. About The Tracker.

ATM 243

ATM Innovation Meeting United States 243

PYMNTS

JULY 27, 2020

The insurance industry has been bogged down by sluggish service and even slower payouts for decades, and while policyholders have certainly weathered their fair share of friction from the sector’s legacy incumbents, those insurance companies themselves have also suffered from a lack of digitization and automation.

Innovation 247

Innovation User Experience Industry Fraud 247

PYMNTS

DECEMBER 9, 2020

It’s just the latest in a series of mega-mergers seen throughout the industry. Lukies said consolidation in the payments industry has been the tendency for the past six decades. 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.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

AUGUST 11, 2020

Idaho-based Kount has released a new product aimed at preventing insurance fraud as the industry increasingly turns to digital, and even mobile, setups. A downside to this: Fraudsters see consumer-oriented innovations as fresh ways to pursue their illegitimate line of work. In a Tuesday (Aug.

Fraud 234

Fraud Industry Idaho Customer Experience 234

PYMNTS

MAY 6, 2019

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers. lakh (roughly $1.6

National 165

National Fintech New York Exercises 165

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. The question remains.

Meeting 187

Meeting Groups Industry Report 187

PYMNTS

JANUARY 28, 2021

In the payments industry, they’re known as remittances. They have helped smooth COVID-19 pandemic-induced economic shocks, increased the resilience of developing nations throughout 2020, and they present a potential lifeline for recovery in 2021 and beyond. increase in final gross domestic product (GDP) in the recipient country.

Innovation 294

Innovation Marketing National Report 294

Independent Banker

AUGUST 31, 2021

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. The community bank provided nearly 480,000 PPP loans totaling more than $13 billion to businesses across the nation. “I

Community Bank 196

Community Bank Community National Fresno 196

Perficient

SEPTEMBER 19, 2023

The world’s largest gathering of insurance innovation, InsureTech Connect (ITC) , is right around the corner. And our team of industry experts is excited to connect, collaborate, and address the most pressing business needs of national and regional carriers. What Matters Most to Insurers in 2023?

Conference 221

Conference Strategy Innovation Industry 221

PYMNTS

FEBRUARY 27, 2019

These market conditions may not seem ripe for FinTech innovation, but where there are challenges, there are opportunities. Michael Sassoon, CEO of banking and technology firm Sasfin , recently told PYMNTS about some of the country’s biggest hurdles in small business FinServ — and what technology innovators hope to do about them.

Technology 190

Technology Industry Innovation Big Data 190

CFPB Monitor

JUNE 25, 2020

The OCC has issued an Advance Notice of Proposed Rulemaking (ANPR) seeking comments in connection with a comprehensive review of its regulations on electronic activities of national banks ( 12 CFR part 7, subpart E ) and federal savings associations ( 12 CFR part 155 ). Comments on the ANPR must be received by August 3, 2020.

National 103

National Regulation Innovation Technology 103

PYMNTS

MARCH 3, 2020

Whether embracing development and adoption of new payment rails or developing solutions for legacy versions, the latest in payments innovation is all about speed – even for corporate payments. Under current legislation, businesses in “high-risk” industries must report any cash transactions exceeding that value.

Innovation 130

Innovation Payments blockchain National 130

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. However, the banking industry doesn’t like that one bit. “We Specific Concerns .

Regulation 349

Regulation National System Industry 349

PYMNTS

JULY 22, 2019

Retail trends and innovation can come from unlikely places, and that seems to be the case now when it comes to pets and CBD, two hot areas of commerce that are intersecting. Square , the digital payments company, for instance, is getting into the CBD market, launching a payment processing service for the industry.

Retail 124

Retail Innovation Industry Study 124

PYMNTS

JULY 7, 2020

and other nations around the world as a result of the global pandemic continues to draw comparisons to the 2008 financial crisis — so it’s only natural that analysts may turn to the past in an effort to predict what could lie ahead. And it may be an opportunity for alt-lenders to once again initiate an innovation boom.

Lending 171

Lending Industry Fintech UX 171

PYMNTS

JUNE 20, 2019

Faster Payments Council ( FPC ) has chosen industry expert Kimberly Ford as the organization’s first executive director. Ford developed deep subject matter expertise on a broad range of payments issues and has routinely served as a featured speaker at client and industry conferences,” the FPC said. Senator Bill Nelson (D-Fl.)

Industry 150

Industry Florida Leadership Data 150

PYMNTS

MARCH 12, 2019

Payments technology company InComm has acquired Linq3 Technologies with the purpose of entering the lottery industry, the company announced on Tuesday (March 12). We are excited to add Linq3’s innovative capabilities and proprietary technology to our portfolio of products and services. “We

Industry 134

Industry Atlanta Cards United States 134

PYMNTS

MAY 29, 2019

According to the Making Instant Pay Global Playbook , public utility companies are innovating their payment methods to include online and mobile options to meet consumer demand and stay competitive. Like Southern Company Gas, National Grid also wanted to build a mobile payment app but was held back by legacy infrastructure.

Innovation 145

Innovation Mobile Company Payments 145

PYMNTS

MARCH 12, 2020

eCommerce, particularly the cross-border type that PingPong enables, will feel the effects – though it likely won’t be the “wipe-out” situation that players in the travel industry are experiencing. An Opportunity for Innovation . As the situation evolves, Wang told Webster, the innovative responses are doing the same.

Innovation 283

Innovation Policies social media Examples 283

PYMNTS

JULY 1, 2016

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Between 2011 and 2015, the government allocated $16 billion to help accelerate Singapore’s research, innovation and enterprise landscape. Innovation On The Rise.

National 133

National Training Bitcoin Samsung 133

Perficient

MAY 26, 2021

In the session “Differentiating Your Brand for the Digital Era,” Scott will discuss how financial services companies can leverage digital technologies in new and innovative ways to create new value for consumers and businesses. The presentation will occur on June 10 at 4:00 p.m. Beth Johnson, Chief Experience Officer, Citizens.

Fintech 462

Fintech North Carolina Charlotte Conference 462

PYMNTS

SEPTEMBER 24, 2019

“With a lot of technology and technical innovation,” said Cohen, “people are always looking at it from a particular point of view, and that lens and those glasses – rose-colored or otherwise – are coming from a very specific individual with priorities and use cases in mind.”. It’s difficult to guard against experts in fraud.”.

Innovation 182

Innovation Fraud Technology Security 182

Let's Talk Payments

JANUARY 4, 2017

Tech-powered innovation gradually comes to every vertical of national ecosystems – the financial services industry, the insurance industry, manufacturing, etc. The governing structure – the founding element of every nation.

Innovation 111

Innovation National Industry US 111

PYMNTS

OCTOBER 25, 2019

The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ). Colorado’s bill does have support from some lawmakers.

Colorado 102

Colorado Regulation Innovation Wyoming 102

Chris Skinner

MARCH 17, 2017

On Wednesday the American Office of the Comptroller of the Currency (OCC)* followed up on its promise last December to introduce a national bank charter for Fintech bank startups by issuing a white paper on how to apply for a licence, the evaluation process and what will be involved. See OCC Issues Responsible Innovation Framework.

Apple 307

Apple Innovation Fintech United States 307

PYMNTS

AUGUST 31, 2017

With the financial services space shifting from a competitive nature to a collaborative spirit between traditional banks and emerging FinTechs, one major stakeholder in the payments industry has quietly been an integral part of this co-op: the Federal Reserve. But the industry needs to move forward and has a lot of challenges ahead.

Innovation 162

Innovation How To Payments St. Louis 162

PYMNTS

DECEMBER 4, 2020

The proof-of-concept was run in partnership with BIS’ Innovation Hub Swiss Centre, the Swiss National Bank and financial infrastructure operator SIX, according to the announcement. In other news, the Bank for International Settlements (BIS) announced Thursday (Dec.

cryptocurrency 152

cryptocurrency Bitcoin National US 152

PYMNTS

MARCH 3, 2017

Mastercard is collaborating with Startup Canada to promote startup innovation in the country, the firms announced Thursday (Mar. Startup Canada, a group supporting the nation’s 2.3 Startup Canada, a group supporting the nation’s 2.3

Innovation 100

Innovation Community Training Resources 100

PYMNTS

NOVEMBER 30, 2020

The National Restaurant Association called October’s sales decline a “troubling sign for the industry.” Census Bureau data, restaurant sales began to decline in October as cooling temperatures and rising case counts depressed demand that had been slowly returning.

Innovation 150

Innovation United States Cards Study 150

Abrigo

APRIL 18, 2022

Innovation is key in the world of decentralized currencies The United States will have to be creative to stay competitive globally as digital assets enter the mainstream. The innovative world of digital assets has made big strides since its inception in 2009. The industry's most significant market increase was between 2016 and 2018.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

CFPB Monitor

AUGUST 4, 2020

As we reported , Acting Comptroller of the Currency Brian Brooks has previewed the OCC’s plans to introduce another special purpose national bank charter that would give payment companies a nationwide servicing platform and federal preemption of state laws regarding licensing and regulation of money transmitters and payment services providers.

Industry 78

Industry Payments Regulation National 78