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.

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.

5 Forces Reshaping Bank and Credit Union Innovation Strategies in 2016

The Financial Brand

Here are five trends redefining how financial institutions will approach their strategy to marketing, product innovation and the service experience. Innovation Strategies Gen Z Millennials video chat

9 Ways Banking Providers Can Accelerate Innovation

The Financial Brand

The DNA at many traditional financial institutions stymies innovation, but a little genetic engineering can produce some big results. The post 9 Ways Banking Providers Can Accelerate Innovation appeared first on The Financial Brand. Innovation Strategies

Innovation in Banking Demands Supportive Culture from Top Down

The Financial Brand

Putting on a show for investors means far less than a process that drives real innovations. The post Innovation in Banking Demands Supportive Culture from Top Down appeared first on The Financial Brand.

Monzo: A Guide to Building the Digital Bank of the Future

The Financial Brand

Digital Banking Strategies Innovation Strategies Technology Strategies digital Digital Apps MondoMonzo is a licensed digital-only bank that has developed advanced digital banking apps and functionality that can be a guide for traditional banks.

Chase Commits To Long-Term ‘Digital Everything’ Strategy

The Financial Brand

JPMorgan Chase has embarked on a long-term mobile-first strategy, using multiple platforms to deliver a better digital experience. The post Chase Commits To Long-Term ‘Digital Everything’ Strategy appeared first on The Financial Brand. Digital Banking Strategies Innovation Strategies Mobile Channel Chase credit cards digital account opening digital banking mobile banking

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

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.

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.

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.

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.

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.

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.

Innovation in Banking Requires Supportive Culture

The Financial Brand

Innovation requires top-level internal commitment and a supportive culture to be successful. The post Innovation in Banking Requires Supportive Culture appeared first on The Financial Brand. No place is this more apparent than with a hackathon.

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.

U.S. Bank Chief Innovation Officer Dominic Venturo Talks Digital Strategy

Bank Innovation

One of the largest retail banks in America has a simple yet multifaceted innovation strategy. Bank Innovation spoke with U.S Bank Executive Vice President, Chief Innovation Officer, Dominic Venturo, on which direction the bank is headed, digitally.

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.

Fintech Start-Ups: Threat or Innovation Partner?

The Financial Brand

Once considered a competitive threat, fintech start-ups can also be a partner for innovative growth. Innovation Strategies Technology Strategies Efma Finacle fintech Infosys payments technology

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.

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

Warning to Banking Industry: Innovate or Die

The Financial Brand

Innovation in banking has never been more important as a new level of customer service and experience is required. Innovation Strategies AirBnB GoogleX RBS SAP Uber

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.

Are Career Bankers a Threat to Banking?

The Financial Brand

Innovation Strategies David Brear innovation legacyBanking organizations can only succeed if they understand the willingness of their employees and managers to embrace change.

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.

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: 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.

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.

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

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.

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.

BNP Paribas Launches Global Investment Fund, Plans Five Investments Per Year

Bank Innovation

EXCLUSIVE – Paris-based BNP Paribas announced this week that it has launched a startup investment fund, and called this move the final piece in its innovation strategy.

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.

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.

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

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

Banking Needs an Innovation Culture

The Financial Brand

Fintech start-ups encourage innovation, embrace failure, and take on risks as a matter of course. Featured Article Innovation Strategies Accenture CaixaBank DenizBank Fintech Hana Bank innovation mBank Odeabank