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

Carousel Innovation Strategy Premium Retail Banking Startups

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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

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

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 Bank

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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.

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.

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

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.

Visa to buy Plaid for $5.3 billion in bid to reach startups

Bank Innovation

Bloomberg Carousel Innovation Strategy Open Banking Payments Goldman Sachs JPMorgan Chase Plaid VisaVisa Inc. grew into one of the world’s most valuable financial companies by serving as the pipes that help connect banks and merchants.

Weekly Wrap: Digit expands automation, Brex grows product suite

Bank Innovation

Automation Customer Experience Innovation Strategy Payments Retail Banking Video Wealth Management Brex Digit TemenosWelcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 24, 2019.

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Banking licenses an opportunity to create fintech hub in Singapore

Bank Innovation

Carousel Compliance & Regulation Corporate Banking Innovation Strategy Grab Singapore fintech SingtelSingapore is becoming a haven for e-commerce companies looking to get into banking in Asian markets.

OnDeck’s Noah Breslow on building a community business bank

Bank Innovation

In this episode of Fintech Unfiltered, which is sponsored by Blend, Bank Innovation sat down with OnDeck CEO […]. Carousel Corporate Banking Customer Experience Fintech Unfiltered Innovation Strategy Lending OnDeck small business

Ally reports strong deposit growth as it expands lending product suite

Bank Innovation

Carousel Innovation Strategy Lending Payments Premium Retail Banking Sales & Marketing Ally Bank Ally Financial earningsAlly Financial this week reported it’s continuing its winning streak in deposit growth.

Fresh off $260M in funding, AvidXchange poised for continued growth

Bank Innovation

Carousel Customer Experience Innovation Strategy Payments AvidXchange Fifth Third HighRadius KeyBank

Jack Ma’s Ant Financial joins Singapore digital banking race

Bank Innovation

Bloomberg Carousel Corporate Banking Innovation Strategy Ant Financial Services China SingaporeBillionaire Jack Ma’s Ant Financial has applied for a digital banking license in Singapore, as China’s largest online financial platform steps up efforts to expand outside the mainland.

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

Marqeta to focus on growing product suite in 2020

Bank Innovation

Carousel Customer Experience Innovation Strategy Lending Payments Retail Banking Doordash Kabbage Marqeta N26 Robinhood SquareIf 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory.

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.

Brex to launch treasury, insurance and loan products

Bank Innovation

Chief Operating Officer Paul-Henri Ferrand told Bank Innovation that the company aims to add insurance, lending and treasury products. “We’re building our operating system around our real-time underwriting and our financial stack.

MUFG Union Bank turns to cloud for speed and agility

Bank Innovation

MUFG Union Bank is on track to move to a cloud core banking infrastructure system within two years, an initiative that will let the bank build and release new products more quickly, the company told Bank Innovation this week.

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California’s fintech startups are invading New York

Bank Innovation

Bloomberg Carousel Innovation Strategy Open Banking Payments New York Plaid San Francisco Stripe UberWhen two Irish brothers started Stripe Inc. together in 2010, there was little question about where they should put their headquarters. It had to be California.

Big tech Is coming for banking: Experts predict fintech’s 2020

Bank Innovation

Artificial Intelligence Automation Bloomberg Carousel Compliance & Regulation Innovation Strategy Lending Payments Retail Banking Wealth Management Apple Chime fintech payments

A Missouri bank is using tech to secure large deposits from public entities

Bank Innovation

Carousel Corporate Banking Customer Experience Innovation Strategy Bank of Franklin County Reich and TangBank of Franklin County, a Washington, Mo.-based

Weekly Wrap: Visa acquires Plaid and retailers embrace fintech

Bank Innovation

Customer Experience Fintech Unfiltered Innovation Strategy Lending Open Banking Payments Product Design Video NRF PayPal Plaid Visa Weekly WrapWelcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 17, 2019.

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MUFG Union Bank turns to cloud for speed and agility

Bank Innovation

MUFG Union Bank is on track to move to a cloud core banking infrastructure system within two years, an initiative that will let the bank build and release new products more quickly, the company told Bank Innovation this week.

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With Plaid, Visa embeds itself deeper into the fintech ecosystem

Bank Innovation

billion acquisition of data aggregator Plaid puts the company’s tool set at the center of financial services innovation. Carousel Innovation Strategy Open Banking Payments Evestnet Morgan Stanely Plaid Visa YodleeeVisa‘s $5.3

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Startups to take the stage at Bank Innovation Ignite

Bank Innovation

Bank Innovation has hand-selected 10 companies to participate in its DEMOvation Challenge at Bank Innovation Ignite, which runs from March 2-3 in Seattle. Bank Innovation Ignite Customer Experience Innovation Strategy Lending Retail Banking Citibank Fifth Third INV Fintech Wells Fargo

The future of banking is about data-driven experiences and not products: HSBC

Bank Innovation

Carousel Innovation Strategy Payments Premium Product Design Retail Banking Sales & Marketing behavioral data customer data e-commerce HSBCThe bank of the future will cease to be about specific products and services.

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MUFG taps math expert as CEO to lead digital transformation

Bank Innovation

Bloomberg Carousel Innovation Strategy Payments Retail Banking digital strategy MUFGMitsubishi UFJ Financial Group Inc. named Hironori Kamezawa as chief executive officer, turning to a math expert to help Japan’s biggest bank forge a path in the digital era.

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OnDeck wants to become ‘mom and pop’ bank of the future

Bank Innovation

Carousel Corporate Banking Customer Experience Innovation Strategy Lending BlueVine Capital One CIT Discover Kabbage OnDeckSmall business lender OnDeck is making a pitch to Main Street.

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Varo crosses 1 million customers, with plans to become a bank by 2020

Bank Innovation

Digital banking brand Varo has 1 million customers, and is pushing ahead with plans to become a nationally-chartered bank early next year, CEO Colin Walsh told Bank Innovation Tuesday.

Temenos is betting on a social banking tool to help small banks compete

Bank Innovation

Carousel Innovation Strategy Payments Product Design Retail Banking Temenos Umpqua Umpqua BankTo Switzerland-based banking tech provider Temenos, a human-centered digital approach will help small institutions compete with large players.

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Citi struck a deal to offer hedge fund-like investments to the masses

Bank Innovation

Bloomberg Carousel Innovation Strategy Investing Sales & Marketing Startups Wealth Management YieldStreetCitigroup Inc.

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For 2020, Jack Henry is betting on human-digital delivery for banking

Bank Innovation

Carousel Innovation Strategy Lending Premium Retail Banking Wealth Management Ally Bank Bank of America BofA Forrester Navy Federal Credit Union Umpqua

Centana Growth Partners closes $375m fintech fund

Bank Innovation

Capital & Funding Carousel Daily Post 1 Innovation Strategy Payments Retail Banking Startups Wealth Management Centana Growth Partners fintech fundingCentana Growth Partners, a New York and Palo Alto, Calif.-based

Weekly Wrap: CIT targets homeowners associations, as Qapital connects emotions with money

Bank Innovation

In this episode, editors discuss the following news developments: Citi Ventures’ approach to product development through its internal innovation program D10X; CIT Bank’s bet on homeowners associations as a result of its acquisition of Mutual of […].

MUFG Union Bank turns to cloud for speed and agility

Bank Innovation

MUFG Union Bank is on track to move to a cloud core banking infrastructure system within two years, an initiative that will let the bank build and release new products more quickly, the company told Bank Innovation this week.

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Bank Innovation Ignite to focus on digital customer journey

Bank Innovation

The business of banking is reaching a critical inflection point as ‘challengers’ take market share and incumbents implement strategies to accelerate their digital transformation efforts to enhance customer journeys.