Inside The Royal Bank of Scotland’s Innovation Strategy

Bank Innovation

Cards Commerce Corporate Exclusive Innovations Insurance Lending Mobile Payments Uncategorized Facebook facebook workplace innovation lending Mobile banking P2P Lending quantum computing Royal Bank ScotlandEXCLUSIVE – Traditional banks cannot afford to ignore fintechs.

Commerzbank’s Digital Innovation Strategy in Germany’s Cash-Heavy Economy

Bank Innovation

billion ($513 billion) in assets, and boasting a 50-person innovation lab, implementing fintech for a fiat-focused market has its challenges. Capital Corporate Daily Post 3 Exclusive Innovations Operations PFM Premium Risk Trading cash Commerzbank European Central Bank innovation labIn some markets, banks and fintechs are a long way from overcoming the dependence on cash. This challenge is felt at Germany’s Commerzbank. As one of the country’s top five banks, with €452.5

The innovation strategy banks should avoid

BankThink

Banks are more established organizations that cannot afford to take the same shortcuts and risks as startups do in fintech development, executives said. Bank technology Fintech Disruptors Artificial intelligence Lending Cathy Bessant Bank of America Goldman Sachs

New Competitors Forcing Banks to Reevaluate Innovation Strategies

The Financial Brand

Banking providers are investing in innovation, changing business models and partnering with fintech firms to respond to digital consumer expectations. Innovation Strategies analytics big data digital banking fintech

10 Branch Banking Innovation Strategies for 2016

The Financial Brand

Branch Strategies augmented reality beacon FMSI trainingThe focus on profitability and efficiency starts at the branch banking level. New technologies are available that banking should consider in the future.

API Innovation Coming From Inside and Outside Banking

The Financial Brand

Digital innovations using open banking APIs will define future winners and losers in financial services. Innovation Strategies Technology Strategies API big data fintech payments

5 Requirements to Position Banking Organizations for Growth

The Financial Brand

Digital Banking Strategies Innovation Strategies Technology Strategies digital banking EYNew business models, advanced digital technology and strategic partnerships will provide banks the foundation for future growth.

The New Payments Battleground: What We Learned By Implementing Zelle

The Financial Brand

Innovation Strategies Payments Strategies ZelleAdoption of P2P payment solutions is critical if banking providers hope to compete with fintechs. Here's how one bank ramped up with Zelle.

Financial Institutions Should Explore Open Banking Options Today

The Financial Brand

Now is the time for all banks and credit unions to start planning the best direction for their open banking platform strategies. Digital Banking Strategies Innovation Strategies Product Marketing Strategic Planning Technology Strategies API innovation open bankingThe post Financial Institutions Should Explore Open Banking Options Today appeared first on The Financial Brand.

Banking: No Longer Business As Usual

The Financial Brand

Culture & Leadership Digital Banking Strategies Innovation Strategies Technology Strategies digital banking GAFA open bankingAs large and small banking organizations look to compete better in the future a platform banking model may be the best solution. The post Banking: No Longer Business As Usual appeared first on The Financial Brand.

Financial Institutions Must Explore Open Banking Options Today

The Financial Brand

Now is the time for all banks and credit unions to start planning the best direction for their open banking platform strategies. Digital Banking Strategies Innovation Strategies Product Marketing Strategic Planning Technology Strategies API innovation open bankingThe post Financial Institutions Must Explore Open Banking Options Today appeared first on The Financial Brand.

Does Your Bank Need an Innovation Lab?

The Financial Brand

are falling behind inn the innovation arms race that will define the industry for the next 20 years. Innovation StrategiesTraditional banking providers in the U.S.

How PayPal Became My Primary Financial Institution

The Financial Brand

Digital Banking Strategies Innovation Strategies Payments Strategies digital banking mobile payments payments PayPalThe expansion of financial solutions offered by large tech firms are encroaching on legacy banking products, stealing customers and revenues. The post How PayPal Became My Primary Financial Institution appeared first on The Financial Brand.

America is Falling Behind in Banking Innovation

The Financial Brand

lags other regions in banking innovation and digital deployment, impacting customer experience, cost structure and revenues. Innovation StrategiesThe U.S.

Report Analyzes Strategies, Positioning and Potential of Fintech Start-Ups

The Financial Brand

The Challenger Bank Battlefield report provides an excellent overview of the new fintech players, their strategies and market potential. Digital Banking Report Digital Banking Strategies Innovation Strategies fintech

Voice Payments Ready to Take Center Stage

The Financial Brand

Digital Banking Strategies Innovation Strategies Payments Strategies digital communications voice bankingVoice payments and voice banking are growing fast because of new devices and improved machine learning driven artificial intelligence.

Banking Industry Fails to Meet Personalization Expectations

The Financial Brand

Customer Experience Innovation Strategies GfK personalizationAt a time when advanced analytics and digital technology enable greater personalization, the banks are falling short of expectations.

Digital Darwinism Puts Banks and Credit Unions at Risk

The Financial Brand

Customer Experience Digital Banking Strategies Financial Brand Forum Innovation Strategies Strategic Planning digital digital banking innovationBanking industry underestimates the impact of technological changes and increasing customer expectations says Brian Solis. The post Digital Darwinism Puts Banks and Credit Unions at Risk appeared first on The Financial Brand.

Top 5 Insurtech Trends for 2017

The Financial Brand

Innovation Strategies Technology Strategies digital Insurance IoTInsurance is using digital technology and devices to reduce costs, enhance customer experiences and improve back and front office operations.

Banking Options Narrow: Partner or Acquire Fintech Firms

The Financial Brand

Many legacy banking organizations are either partnering or acquiring fintech firms to jump start innovation efforts. Digital Banking Strategies Innovation Strategies Technology Strategies fintech innovation P2P payments PwC

Banking Industry Fails to Meet Personalization Expectations

The Financial Brand

Customer Experience Innovation Strategies GfK personalizationAt a time when advanced analytics and digital technology enable greater personalization, the banking industry falls short of expectations.

The Programmable Bank: Opportunities for Open Banking

The Financial Brand

Digital Banking Strategies Innovation Strategies Technology Strategies API open bankingOpen Banking APIs provide opportunities to expand services offered and experiences provided consumers, making banking apps more engaging.

Should Banking Build an Internet of Things (IoT) Strategy?

The Financial Brand

Data Analytics Innovation Strategies Payments Strategies Technology Strategies Internet of Things IoTBanking needs to be prepared to respond to an increasing array of Internet of Things (IoT) opportunities, especially in the payments space.

Top 10 Retail Banking Trends and Predictions for 2017

The Financial Brand

Crowdsourcing Series Customer Experience Digital Banking Report Digital Banking Strategies Innovation Strategies Most PopularAnnual banking forecast of trends compiled from global financial services leaders, industry analysts and banking organizations worldwide.

Lemonade: The Mobile-Based, AI-Fueled Insurance Industry Disruptor

The Financial Brand

Customer Experience Data Analytics Innovation Strategies AI digital design insurance mobile appsLemonade is an insurtech player that is positioned to disrupt the insurance industry using digital technology and machine learning.

APIs Blurring Distinction Between Banking and Fintech

The Financial Brand

Innovation Strategies Product Marketing API BBVA Compass Bitcoin Citi Coinbase Dwolla fintech USAAOpen APIs provide banks and credit unions the opportunity to introduce fintech solutions using legacy systems faster than in the past.

At CIBC, Digital Banking Innovation Is Non-Stop

The Financial Brand

CIBC continues to introduce digital innovations like a way to open accounts on a mobile device, a mobile mortgage app. Digital Banking Strategies Innovation Strategies Mobile Channel digital account opening mobile account opening mortgages voice banking

Bank Innovation Changing in Response to Competition

The Financial Brand

Banking is investing in innovation, changing business models and partnering with fintech firms to respond to digital consumer expectations. Innovation Strategies analytics big data digital banking fintech mobil

Lemonade: The Mobile-Based, AI-Fueled Insurance Industry Disruptor

The Financial Brand

Customer Experience Data Analytics Innovation Strategies AI digital design insurance mobile appsLemonade is an insurtech player that is positioned to disrupt the insurance industry using digital technology and machine learning.

Digital Nirvana Is In The Eyes Of The Consumer

The Financial Brand

Digital Banking Strategies Innovation Strategies Technology Strategies digital banking innovationIn a rush to keep up with competition or reduce costs, many banking organizations introduce technology that consumers really don't want. The post Digital Nirvana Is In The Eyes Of The Consumer appeared first on The Financial Brand.

Data and Digital Channels Key to Customer Retention

The Financial Brand

Customer Experience Innovation Strategies Technology Strategies analytics big data Capgemini open banking TemenosBanks are testing open banking and partnering with fintech firms as ways to improve customer acquisition and retention.

The Uncertain Future of Fintech

The Financial Brand

Digital Banking Strategies Featured Articles Innovation Strategies Technology Strategies Capgemini Efma fintech LinkedInThe relationship between traditional banking organizations and fintech providers changes as consumer demand for digital solutions evolve.

Which Fintech Firms Should Worry Community Banks and Credit Unions the Most?

The Financial Brand

Innovation Strategies Technology Strategies Tips & How-To Community Banks Credit Unions fintechCommunity bank and credit union planning processes need to adjust for fintech competitors.

Disrupt or Be Disrupted: The Endemic of Banking “Out of Touchness”

The Financial Brand

Legacy banking organizations run the risk of significant lost business if strategies and priorities are out of touch with digital consumers. Culture & Leadership Customer Experience Digital Banking Strategies Innovation Strategies digital banking

Which Fintech Firms Should Worry Community Banks and Credit Unions the Most?

The Financial Brand

Innovation Strategies Technology Strategies Tips & How-To Community Banks Credit Unions fintechCommunity bank and credit union planning processes need to adjust for fintech competitors.

SoFi Wants to Steal Your Most Coveted Customers

The Financial Brand

Customer Experience Data Analytics Digital Banking Strategies Innovation Strategies Technology Strategies AI digital banking SoFi voice bankingAs one of the fastest growing fintech challenger banks, SoFi is expanding into wealth management and deposit services.

Banking Fails to Meet Needs of Most Valuable Consumer Segment

The Financial Brand

Innovation Strategies Marketing Strategy Segmentation Strategies digital banking Millennials SeniorsMeeting the financial needs of the 50+ consumer increases revenues today, while potentially gaining loyalty from Millennial family members.

Moven Promotes Financial Health with Smart Savings Account™

The Financial Brand

Digital Banking Strategies Innovation Strategies Mobile Channel Product Marketing digital fintech Moven savingsThe Smart Savings Account™ from Moven provides a mobile-first savings option that includes tracking, gamification and incentives to save.

Fintech and Banking Partnerships Require an Understanding

The Financial Brand

Digital Banking Strategies Innovation Strategies Technology Strategies digital banking fintechBefore traditional financial institutions and fintech firms partner, it's best to understand the differences.

Open Banking, Data and Digital Channels Key to Customer Retention

The Financial Brand

Customer Experience Innovation Strategies Technology Strategies analytics big data Capgemini open banking TemenosBanks are testing open banking and partnering with fintech firms as ways to improve customer acquisition and retention.