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.

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

N26 banking on ‘pure-play’ approach to US market with checking account, debit card

Bank Innovation

Carousel Innovation Strategy Premium Retail Banking Startups

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Why Automation is Key to Chesapeake Bank’s Innovation Strategy for 2019

Bank Innovation

Automation is the theme that best describes Chesapeake Bank’s innovation roadmap for 2019, Kevin Wood, managing director of the state-chartered community bank’s business lending division, Cash Flow, told Bank Innovation. “One Commerce Corporate Exclusive Innovations Lending Online Open Fintech Premium Risk Automation Chesapeake Bank Community Bank Jack Henry ProfitStars

Fintech Unfiltered: Inside HSBC Bank USA’s Lofty Innovation Strategy for 2018 [Podcast]

Bank Innovation

As a part of its retail transformation strategy, HSBC Bank USA spent over $130 million on innovation projects in one year on its U.S. operations. These projects range from less visible, but equally important, system upgrades on the back-end and more visible ones like installing Softbank’s robot Pepper in its New York flagship. The bank […].

For startups to bridge banks’ fintech gap, innovation execution needs a reality check

Bank Innovation

This is the second article in a two-part series on bank-fintech collaborations based on the 2019 State of Banking Innovation Survey, a study conducted by Bank Innovation and INV Fintech. Carousel Innovation Strategy INV Fintech Startups APIs collaboration innovation strategy

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

Too many innovation strategies place speed over discipline

Payments Source

In the era of digital transformation, it can be easy to mistake activity for achievement. A disciplined approach is needed, writes Tim VanTassel, a vice president at FICO. ISO and agent Payments Banking Fintech Retailers

Interview with Giorgi Kintsurashvili on the Bank of Georgia's digital innovation strategies

The Paypers

(The Paypers) As digital transformation has become the new norm for banks, Giorgi Kintsurashvili, Digital Banking Innovations Manager at Bank of Georgia talks about the bank’s innovative banking products and services

For startups to bridge banks’ fintech gap, innovation execution needs a reality check

Bank Innovation

This is the second article in a two-part series on bank-fintech collaborations based on the 2019 State of Banking Innovation Survey, a study conducted by Bank Innovation and INV Fintech.

How BNY Mellon is using a design approach to reshape client experiences

Bank Innovation

Carousel Customer Experience Daily Post 2 Innovation Strategy BNY Mellon customer experience innovation strategy product development

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

Banks push for more fintech startup collaborations, despite failures

Bank Innovation

That’s according to a study by Bank Innovation and INV Fintech, a startup accelerator, released today. Carousel Innovation Strategy INV Fintech StartupsWhen it comes to bank-fintech collaborations, banks are finding more failure than success.

How BNY Mellon is using a design approach to reshape client experiences

Bank Innovation

Carousel Customer Experience Innovation Strategy BNY Mellon customer experience innovation strategy product development

Franklin Templeton grooms startups to address pain points

Bank Innovation

Carousel Innovation Strategy Premium Startups Credit Karma EvoNexus Franklin Templeton LendingPointFranklin Templeton is taking a hands-on approach to cultivating startup talent. The San Mateo, Calif.-based

Paytm nears $2 billion from backers including SoftBank, Ant

Bank Innovation

Bloomberg Capital & Funding Carousel Innovation Strategy ant financial payments Paytm SoftbankIndian fintech giant Paytm is close to scoring $2 billion of new financing from investors including Jack Ma’s Ant Financial and Japan’s SoftBank Group Corp.

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OTP Bank expands startup program, adds implementation period

Bank Innovation

The startup program, which launched in 2017 through the bank’s in-house innovation group OTP Lab, is currently accepting applications for its […]. Carousel Innovation Strategy INV Fintech Product Design Startups innovation lab OTP Bank OTP Lab

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Digital and human: Inside BofA’s small business strategy

Bank Innovation

It’s a strategy that’s yielding results for the bank. Carousel Corporate Banking Innovation Strategy Lending Bank of America BofA small business bankingDigital-only lenders tout the speed and efficiency of their user experiences.

Inside Citi Ventures’ approach to finding talent

Bank Innovation

Capital & Funding Carousel Innovation Strategy Citi Ventures Citibank Goldman Sachs HighRadius JP Morgan Chase TruliooCiti Ventures, Citbank’s corporate venture arm, is turning to startups that can solve pain points for incumbent banks and financial companies.

Bank-fintech partnerships are a necessity, not a fad

Bank Innovation

Carousel Innovation Strategy INV Fintech Startups fintech partnershipsA recent Forbes article claims the fad is over for bank-fintech partnerships. The fad might be over, but the imperative for banks to partner with fintechs is anything but.

With IBM, Bank of China takes aim at super apps

Bank Innovation

In September, Bank of China launched an innovation lab through a contract with IBM to fend off competition from these platforms, which function as hubs for e-commerce, banking and social media. Carousel Innovation Strategy Lending Premium Retail Banking Alibaba Bank of China IBM Tencent

Chase commits $25m to inclusion-focused startups

Bank Innovation

Capital & Funding Carousel Customer Experience Focus Innovation Strategy Startups Digit financial health Financial Services fintech startups JP Morgan ChaseJPMorgan Chase this week announced a $25 million commitment to tech tools that help underserved consumers.

IBM makes progress validating fintechs for its banking clients, CTO says

Bank Innovation

Tom Eck, Global Chief Technology Officer of Industry Platforms at IBM, told Bank Innovation that the number of startups in Catalogue is a result of significant effort on the part of the technology […].

How TD wants to bridge the confidence gap with AI-based tools

Bank Innovation

Artificial Intelligence Carousel Daily Post 1 Innovation Strategy Product Design Retail Banking AI machine learning td bank

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Inside OTP Labs, Eastern Europe’s most adventurous bank innovation experiment

Bank Innovation

The Budapest-based bank is pursuing not just startup-driven innovation, but through a mix of internal and […]. Carousel Customer Experience Innovation Strategy INV Fintech Startups banking startups Fiserv OTP BankIt might have $55 billion in assets and 10.5

Movencorp patents its personal finance technology

Bank Innovation

Carousel Innovation Strategy Product Design Startups Brett King financial apps financial literacy Moven patentThe road to differentiation among fintech startups entered a new phase this week: patenting technology to put a brand’s stamp on it forever.

BBVA USA eyes growth by helping startup competitors

Bank Innovation

Carousel Innovation Strategy Open Banking Startups Azlo BaaS BBVA BBVA USA Catch Digit WiseTo BBVA USA, the future is about enabling fintech startups rather than competing with them. It’s been almost a year since the U.S.

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Why 6 credit unions are partnering to access better payment solutions

Bank Innovation

Carousel Innovation Strategy Payments Premium Coastal Credit Union Cornerstone Advisors Georgia's Own Credit Union Payrailz Teachers Credit Union VenmoAs credit unions look to improve their technology on smaller budgets, one solution is to band together and pool assets.

Good Governance: Innovation strategy

CU Insight

Many modern-day businesses declare innovation as a goal. Yet few, if any, measure and track innovation in their organizations. Most boards not only don’t track innovation, they frequently misunderstand what it means in today’s business environment. Some less-informed boards even fear innovation because they think it means taking risks that could harm members. Radical, Disruptive, and Routine Innovation. Radical” innovation affects the foundation of an industry.

Wirecard sets its sights on global expansion

Bank Innovation

Carousel Innovation Strategy Payments Premium Amazon Go banking expansion Softbank WirecardWirecard is taking aim at Asia and the Americas.

OakNorth names ex-Google exec as CEO

Bank Innovation

Carousel Corporate Banking Innovation Strategy Lending Startups commercial lending OakNorthOn the heels of an international expansion push, digital bank OakNorth‘s platform-as-a-service business has named a new CEO.

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CUNA Mutual program lets credit unions test startup-developed products

Bank Innovation

For financial institutions that can’t develop new products in-house, a startup partnership can help move an innovation agenda forward through new tech-enabled product offerings for customers.

Northwestern Mutual: LearnVest’s legacy lives on

Bank Innovation

Carousel Customer Experience Daily Post 2 Innovation Strategy Wealth Management customer experience digital banking Financial Planning LearnVest Northwestern MutualFor Northwestern Mutual, digitization imperatives have forced it to think more like a tech company.

With entry into China market, Paypal expands global ambitions

Bank Innovation

Carousel Innovation Strategy Payments Retail Banking Alipay China online payments PayPal Wechat PayThis week, PayPal expanded the scope of its global ambitions through a 70% equity stake in Chinese payments company Guofubao Information Technology, which is known as GoPay.

No one-trick pony: How Ally got to $100b in deposits

Bank Innovation

Carousel Customer Experience Innovation Strategy Payments Retail Banking Ally Ally Bank Ally Financial challenger banks digital bankingWith the rise of digital-only challenger banks, it’s easy to overlook Ally Bank.

Robinhood adds ex-SEC official to board after regulatory issues

Bank Innovation

Bloomberg Carousel Compliance & Regulation Innovation Strategy Retail Banking Startups Wealth Management Robinhood SECRobinhood is getting a new board member: Dan Gallagher, a former commissioner for the U.S. Securities and Exchange Commission.

Samsung Pay launches in-app international money transfers

Bank Innovation

Carousel Customer Experience Innovation Strategy Payments Apple Pay Mastercard Mobile Payments Samsung Samsung PayIn an effort to grow adoption, Samsung Pay is rolling out international money transfers to accounts in 47 countries, the company said this week.

Weekly Wrap: PayPal guns for China, as Movencorp patents its personal finance tools

Bank Innovation

In this episode, Angely Mercado, associate editor, discusses the following news developments: How Bank of China and IBM are using an innovation lab in their efforts to revamp the Bank of China mobile app; How PayPal’s newfound […].

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TD Bank’s Fowler to speak at Bank Innovation Build

Bank Innovation

Fowler will talk about his work on a panel discussing bank-fintech collaborations at Bank Innovation Build, which runs from November 6-7. Bank Innovation Build Carousel Innovation Strategy Retail Banking Layer 6 td bank

How credit startup Deserve aims to reach the ‘unscoreables’

Bank Innovation

Carousel Innovation Strategy Product Design Profiles Startups Aite Group alternative credit Deserve Experian FICO PlaidWhen Kalpesh Kapadia moved to the U.S. from India as a student more than 20 years ago, access to credit was a major challenge for him.

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Grasshopper Bank CEO Erwin to speak at Bank Innovation Build

Bank Innovation

Bank Innovation Build Carousel Innovation Strategy Startups Grasshopper BankNew York City-based Grasshopper Bank is building a digital banking product ecosystem for the startup community.

How RBC Capital Markets revamped its data management efforts

Bank Innovation

Carousel Corporate Banking Innovation Strategy Premium RBC RBC Capital Market s OpenFinRBC Capital Markets has looked externally to help it consolidate data in one place, analyze it and better equip employees.

Weekly Wrap: Big banks push API-based account access, as HSBC heralds Pepper robot as a success

Bank Innovation

Innovation Strategy Premium Retail Banking Startups Video API Banking HSBC Pepper the Robot screen scraping u. Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, September 27, 2019.