article thumbnail

Rebeca Romero Rainey: Developing innovation strategy

Independent Banker

That’s why ICBA has focused so intently on innovation strategy over the past few years. From building an internal innovation team to launching programs like the ThinkTECH Accelerator, we have dedicated resources in support of community bank innovation.

article thumbnail

Inside The Royal Bank of Scotland’s Innovation Strategy

Bank Innovation

EXCLUSIVE – 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. The impact of fintechs on how people bank has not gone unnoticed by The Royal Bank of Scotland, who over the past 18 months under […].

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

article thumbnail

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. In 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

article thumbnail

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.

article thumbnail

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.

article thumbnail

US commercial card spend expected to exceed $1 trillion by 2024

Accenture

Long-standing and emerging commercial card providers are developing innovative strategies to move more spend to card-based products, and broader B2B payment trends are anticipated to both blur the lines and buoy growth. US commercial card spend grew an estimated 13 percent in 2019 and strong growth is expected to continue through 2024.

Cards 199