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.

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

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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 […].

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

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

Bank Innovation

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The banking revolution: Adapt or be left behind

Bank Innovation

In today’s digital age, some banks have been slow to innovate or to create a more […]. Carousel Innovation Strategy Retail Banking Startups Cross River Bank fintech innovation strategy INV Fintech

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

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

Better.com profits from low interest rates and recent layoffs

Bank Innovation

Carousel Innovation Strategy Lending Premium Better.com CoronavirusLaid-off hospitality workers can start new careers as loan officers with Better.com.

Will COVID-19 burst fintech’s funding bubble? 

Bank Innovation

Carousel Innovation Strategy Investing Premium 11:FS CB Insights fintech funding Investment venture capital fundingFintechs will likely have a tough time securing funding as the coronavirus pandemic continues to shake up the U.S. economy, prompting investors to tighten purse strings.

SoFi acquires Galileo for $1.2B to broaden reach 

Bank Innovation

Together with Galileo, we will partner to build on our companies’ strengths to drive even greater financial technology innovation, making those products and […]. Carousel Innovation Strategy Investing Lending Payments Premium Wealth Management Chime Galileo Robinhood SoFi

Banks retool customer service in the scramble for PPP loans 

Bank Innovation

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SBA loan platforms could be fintech’s ‘big moment’  

Bank Innovation

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US Bank’s White: Digital banking is now more than DIY

Bank Innovation

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Chase virtual sessions up 5x since COVID-19 outbreak 

Bank Innovation

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SMB lender Kabbage furloughs employees 

Bank Innovation

Kabbage told Bank Innovation earlier this month the company had more than 500 employees. Carousel Innovation Strategy Lending Premium Coronavirus KabbageSmall business lender Kabbage is furloughing a significant number of its U.S. employees, according to a company spokesperson.

Fintechs launch SBA PPP platforms amid stimulus scramble

Bank Innovation

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Fintechs, lacking guidance, pivot to SBA loans 

Bank Innovation

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VC firms, startups face headwinds with SBA loans 

Bank Innovation

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

Bank Innovation

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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.

Survey results: Coronavirus and the state of banking innovation

Bank Innovation

Given the significant challenges we’re facing with the ongoing coronavirus pandemic, INV Fintech and Bank Innovation conducted a brief survey from March 18 to 25, to gauge industry sentiment and understand practices going forward.

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4 business challenges of COVID-19 and solutions to fight them  

Bank Innovation

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Startups are scrambling for access to $349 billion in relief loans

Bank Innovation

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Can banks emerge stronger from the pandemic?

Bank Innovation

Carousel Innovation Strategy INV Fintech Retail Banking CoronavirusThe Coronavirus pandemic is posing significant challenges to the banking sector, forcing financial services providers into contingency mode and already driving cost-cutting initiatives and branch closures.

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

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Financial ecosystem fears long-term pandemic effects

Bank Innovation

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Robinhood accused of offering snafu credits to squelch suit

Bank Innovation

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How digital-only First Internet Bank strives to keep Indiana talent

Bank Innovation

Carousel Innovation Strategy Retail Banking Video Chime First Internet Bank KeyBank VaroAs banks and startups on both coasts compete for new graduates, Fishers, Ind.-based based First Internet Bank is using an internship program to keep talent in the Midwest.

Visa, Mastercard, AmEx win easier access to China market

Bank Innovation

Bloomberg Carousel Innovation Strategy Lending Payments Retail Banking China Mastercard VisaThe biggest U.S. card companies just moved a step closer to gaining access to China’s $27 trillion payments market.

Umpqua’s Go-To sees usage spike as customers avoid branches 

Bank Innovation

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Digital-only financial institutions avoid leveraging pandemic fears 

Bank Innovation

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Digital dollars gain credence despite stimulus bill cut

Bank Innovation

Blockchain Carousel Customer Experience Exclusive Innovation Strategy Payments Premium Bitcoin Capco Coronavirus COVID-19 digital dollars Senate stimulus billWhile the proposal to distribute digital dollars was struck from the new $2.2