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. What started out as a nascent subsect of the broader financial space is now at the forefront of how people bank.

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

Carousel Innovation Strategy Premium Retail Banking Startups

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

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 FintechOver the past 10 years, the landscape of the financial services industry has dramatically evolved. Technology and the rise of fintechs have called into question almost every traditional banking model, requiring banks to either adapt or be left behind.

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 Uncategorized APIs collaboration innovation strategy

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 developmentDespite the hurdles involved in rethinking how a large, storied financial institution views customer experience, 235-year-old BNY Mellon is tackling the challenge head on. The bank and financial services holding company, which has $1.8

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 developmentDespite the hurdles involved in rethinking how a large, storied financial institution views customer experience, 235-year-old BNY Mellon is tackling the challenge head on. The bank and financial services holding company, which has $1.8

Banks retool customer service in the scramble for PPP loans 

Bank Innovation

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

Bank Innovation

Carousel Innovation Strategy Product Design Retail Banking Sales & Marketing BNY Mellon innovation strategy Mobile banking US BankAs digital banking goes mainstream, banks are recognizing that a mobile app that lets customers carry out day-to-day tasks isn’t enough. It’s a reality for which U.S. Bank has been preparing, especially as it reports that 72% of its customers are considered “digital-active” and 50% are using mobile channels.

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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.

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.

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.

SBA loans, SoFi and Galileo take center stage

Bank Innovation

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Digital-only financial institutions avoid leveraging pandemic fears 

Bank Innovation

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Bank of America gained 418 technology patents in 2019

Bank Innovation

Artificial Intelligence Automation Blockchain Carousel Daily Post 2 Innovation Strategy Payments Product Design Retail Banking Bank of America patentsBank of America obtained more patents last year than any other year in the history of the company.

HSBC reboot fizzles, sending stockholders looking for the exits

Bank Innovation

HSBC Holdings Plc Chairman Mark Tucker promised a strategy reboot. Bloomberg Carousel Corporate Banking Innovation Strategy earnings HSBCInvestors got what some called more of the same — pledges to cut costs and do more with less.

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.

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.

Inside Brex’s approach to raising money

Bank Innovation

Carousel Innovation Strategy Investing Payments Brex DreamItBrex, a corporate card and financial product startup aimed at businesses, has raised $615 million in combined equity and debt since its founding in 2017.

Figure VP Tony Morosini to speak at Bank Innovation Ignite

Bank Innovation

Tony Morosini, vice president of banking and payments at Figure, will attend and speak at Bank Innovation Ignite on March 2-3 in Seattle. Bank Innovation Ignite Carousel Innovation Strategy Payments AI Bank Innovation Ignite 2020 Figure

Digital banks, payments startups face first major test in virus

Bank Innovation

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University of Toronto launches fintech bootcamp to meet local labor demand

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.

SMB banking startups pivot platforms for PPP 

Bank Innovation

Carousel Corporate Banking Customer Experience Innovation Strategy Lending PremiumBanking platforms aimed at small businesses are tweaking their offerings to accommodate clients scrambling for Small Business Administration Paycheck Protection Program loans.? “As

BMO Harris spotlights women in fintech mentoring program

Bank Innovation

WMN•FINtech is the latest evolution of the Innovation Program, a three-month mentorship program for startups that have created solutions or services in the financial sector; participating startups are […].

Weekly Wrap: Video tellers, RBC’s personalized app and Citi’s innovation labs

Bank Innovation

Automation Carousel Corporate Banking Customer Experience Innovation Strategy Investing Premium Product Design Retail Banking Video Wealth Management Citibank Happy State Bank RBC TSB Bank Weekly WrapBanks are accelerating their technology projects in light of the coronavirus pandemic.

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Weekly Wrap: SBA loans, SoFi and Galileo take center stage

Bank Innovation

Carousel Corporate Banking Customer Experience Innovation Strategy Investing Lending Payments Premium Product Design Retail Banking Video Wealth Management Coronavirus Galileo PPP SBA SoFi

Great Southern Bank streamlines loan ops with nCino 

Bank Innovation

Carousel Corporate Banking Customer Experience Innovation Strategy Lending Premium Retail Banking Great Southern Bank nCinoGreat Southern Bank is using lending technology from the cloud banking vendor nCino to increase efficiency for commercial and retail loan officers. “We

Citi Innovation Labs developing virtual tours for clients amid pandemic

Bank Innovation

Citi Innovation Labs employees are finding new ways to connect with bank clients, developing self-guided virtual lab tours to show clients the innovation teams’ latest projects. “We

Midwest BankCentre incorporates new tech with success of digital offshoot

Bank Innovation

Carousel Innovation Strategy Premium Product Design Retail Banking Wealth Management Jack Henry JPMorgan Chase Midwest BankCentre Rising Bank Wells FargoRising Bank, the digital offshoot of St. Louis-based Midwest BankCentre, gained $130 million in deposits in 2019.