Bank Innovation

JANUARY 15, 2020

card companies just moved a step closer to gaining access to China’s $27 trillion payments market. The biggest U.S. China said it won’t take longer than 90 days to consider applications from providers of electronic-payments services such as Mastercard, Visa and American Express Co.,

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Bank Innovation

FEBRUARY 27, 2020

customer numbers have outperformed other markets. […]. The point-of-sale lender announced this week it has more U.S. customers than customers in New Zealand and in Australia, where it is headquartered. This is the first time since the company’s 2014 launch that its U.S.

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PYMNTS

MAY 13, 2019

Innovation has been the name of the game for financial institutions (FIs) large and small in recent years. While the overall pace of innovation has cooled somewhat over the past two years, as FIs have been slower to market with new products, they are increasingly channeling their energies into tried-and-true product lines.

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Bank Innovation

MARCH 24, 2020

billion since its 2017 founding, is optimistic about venture capital funding for tech companies, despite current market volatility. Brex, a corporate card and financial product startup that has raised $315 million in equity and reached a reported valuation of $2.6

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Bank Innovation

MARCH 13, 2020

In this episode, editors discuss the following news developments: How the stock market plummet is affecting robo-advisors; Wirecard expanding internationally through a partnership with the Estonian banking platform Xolo; and Amazon’s move to offer cashierless checkout to […].

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Marketing Customer Experience Innovation Strategies Video 259

Bank Innovation

SEPTEMBER 27, 2019

RBC Capital Markets has looked externally to help it consolidate data in one place, analyze it and better equip employees. Starting in 2013, RBC Capital Markets began collecting all the data it could that was relevant to its clients, including e-commerce data, trades and portfolios.

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Bank Innovation

DECEMBER 9, 2019

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.

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PYMNTS

JULY 17, 2018

The credit union (CU) market has long argued that rules intended for larger, more traditional banks have unjustly been applied to their industry, stifling their growth and pace of innovation. However, recent changes in regulations could open new doors for the credit union market to more efficiently serve its members.

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PYMNTS

JANUARY 14, 2021

percent market rate that the National Retail Federation (NRF) had predicted, according to the release. PSCU found that holiday purchases took place much earlier in November compared to past years as merchants marketed “Black Friday” sales at the beginning of November to contend with market uncertainty amid the coronavirus.

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PYMNTS

MARCH 20, 2019

In fact, they make the timing of their product rollouts a crucial part of their innovation strategies. Only after observing their competitors’ missteps do they fully commit to the rollout of their innovations. percent of the top innovators in the financial sector said they observe market trends first.

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BankInovation

JULY 30, 2020

We are going to put aggressive marketing dollars behind this to make […]. During the company’s second-quarter earnings call, Daniel Schulman, PayPal CEO, said the QR code rollout will target merchants that consumers use daily, creating deeper customer relationships. “We

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Strategy Marketing Payments Customer Experience 91

PYMNTS

APRIL 8, 2019

The paper reported market share for Alexa declined 40 percent in 2018. Prior to that it had 59 percent market share, noted The Wall Street Journal , citing data from Loup Ventures. We’re all still experimenting.” That’s not to say there isn’t some skepticism about how patient data will be protected on voice-activated speakers.

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Data Innovation Strategies New York Google 189

Bank Innovation

OCTOBER 24, 2019

Digital banking and stock trading app Revolut, which boasts 8 million customers, is in the midst of a global expansion effort. based company, which operates in Europe and Australia, announced two major milestones this week: a tie-up with Mastercard that will help fuel a planned U.S. rollout, and a launch in Singapore.

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PYMNTS

AUGUST 8, 2018

FIs need to think of innovation less as an isolated project, and more as a continual process. And, to keep that process going, FIs need to regularly collect market feedback to ultimately optimize their consumer experience. 80 percent of Top Performers focus innovation efforts on making new features for existing products.

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PYMNTS

JULY 1, 2019

When it comes to technological innovation, however, the smaller players have long been outgunned by larger FIs and their sizable IT budgets. Today, small banks are more aggressive and ambitious in their innovation strategies than medium-sized and large FIs. This is changing — in a big way. On average, these FIs designate 45.7

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Innovation Innovation Strategies Survey Groups 157

Image Works Direct

FEBRUARY 27, 2019

Make this a standout year with the innovative strategies found in image.works’ 2019 Idea Book. It’s an eye-catching catalog designed to help your financial institution achieve your marketing goals.

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Independent Banker

OCTOBER 1, 2022

Every year, ICBA surveys the industry and its members to identify their top concerns as part of its innovation strategy. Our bankers face both challenges and opportunities as they work to stay ahead of cybercriminals, paying attention to innovative solutions and partners to mitigate cyber risk. By Charles Potts, ICBA.

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Bank Innovation

OCTOBER 2, 2019

This week, PayPal expanded the scope of its global ambitions through a 70% equity stake in Chinese payments company Guofubao Information Technology, which is known as GoPay. Through it, PayPal acquired a license to operate in China and access to millions more customers.

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Filene

JANUARY 11, 2017

As you turn the page into the New Year and start implementing the strategies you’ve committed to execute this year, the initiatives at the top of your list might require new skills, amped-up methodologies or fresh insights to set your course. Make 2017 the year your credit union makes it happen! Filene is here to help.

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Strategy Innovation Strategies Innovation Course 28

Filene

DECEMBER 15, 2016

As you turn the page into the New Year and start implementing the strategies you’ve committed to execute this year, the initiatives at the top of your list might require new skills, amped-up methodologies or fresh insights to set your course. Make 2017 the year your credit union makes it happen! Filene is here to help.

Strategy 28

Strategy Innovation Strategies Innovation Course 28

Bank Innovation

OCTOBER 23, 2019

Luge Capital, a fintech venture capital firm based in Toronto and Montreal, serves a growing ecosystem of startups north of the border. This week, it closed a C$85 milion ($65 million) fund for fintech and AI solutions. “If you’re an early-stage fintech company, the number of investors you have to pick from is very, very […].

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PYMNTS

JULY 29, 2019

Credit unions (CUs) rely on their members’ loyalty to compete in a saturated financial services market. This means CUs must be carefully attuned to member’s financial needs and the innovations they want most as CUs invest in new products and services aimed at improving the way members engage with their FIs. About the Tracker.

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PYMNTS

DECEMBER 31, 2020

For this reason, the Tracker notes that “many CUs are focusing on entering the small business banking market and are looking to snag some of the $500 billion that small to mid-sized businesses (SMBs) are spending on bookkeeping, invoicing, payments and related services. They must confront one major obstacle in doing so, however: big banks.

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Bank Innovation

SEPTEMBER 17, 2019

The strategy won’t result in any immediate changes in customer experience. On the heels of the fifth anniversary of Citizens Bank‘s IPO next week, the bank has launched a product and brand approach based on customer journeys called Made Ready.

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Independent Banker

NOVEMBER 30, 2022

None of this would have been possible without community bankers who have worked diligently to advance their own innovation strategies and continue to provide critical thought leadership. In step with community bankers. They have helped make the program a reflection of the needs of our members, and by extension, their customers.

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PYMNTS

JUNE 1, 2020

The challenger bank has run on a cloud banking model since its 2012 launch and is available for business and consumer use in 30 European markets, including Austria, Germany and the Netherlands. It is not the technology itself that is important, however, but the strategy behind it.

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The Financial Brand

MARCH 21, 2016

Here are five trends redefining how financial institutions will approach their strategy to marketing, product innovation and the service experience.

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Innovation Strategies Strategy Innovation Trends 12

Cisco

NOVEMBER 15, 2022

It is about opening up information to spur innovation of third-party providers to build new, added-value offerings. Before open banking, financial institutions would hold on to its customers data, so it was difficult for new, innovative financial services providers to break into the market since they couldn’t access the data.

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Bobsguide

JUNE 3, 2022

Q: How do you feel about your Peter Kulik Innovation Award win? Very proud, of course, as it proves our ongoing commitment and investments have found an important new appreciation on the market. It is also necessary to support alternative cost-reduction strategies like the lean bank branch or ATM pooling.

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Bank Innovation

MARCH 12, 2020

The impact of the novel coronavirus and the economic shockwaves from the stock market downturn and associated travel and work restrictions are yielding unresolved questions for startup founders and investors alike. Long-term bets are facing new scrutiny, and prospects of healthy returns are facing new obstacles.

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PYMNTS

AUGUST 22, 2019

Such institutions are working to raise the necessary capital to expand their products and customer bases as they enter new markets. Challengers like Britain’s Monzo and Germany’s N26 are using that funding to create products and expand into new markets like the U.S., Legacy Banks and the Innovation Game.

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BankInovation

MAY 7, 2020

It’s a more powerful way to advertise because it’s not just a generic bank ad,” said Sarika Sangwan, global head of vertical strategy and marketing for financial services […].

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Bank Innovation

FEBRUARY 12, 2020

since June 30, 2018, S&P Global Market Intelligence reported.? As of January, there were 3,989 in-store branches of FDIC-insured institutions housed within retail stores, a decrease of 2.3% since June 30, 2019, and 6.5% Despite this dropping number of in-store branches, annual deposits had increased 7.2%.

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Bank Innovation

MARCH 6, 2020

We have seen considerable growth in the [German] market,” said Oliver Schmid, general manager of Iwoca. Iwoca, a London-based small business lender, announced a debt financing round of 100 million euros ($112 million) last week to fund new loans in Germany.? “We

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The Banker Technology

SEPTEMBER 12, 2016

Akbank took the decision to embrace open banking ahead of wider adoption in the Turkish market in order to gain a competitive advantage. Chief operating officer Turgut Güney outlines the bank’s innovation strategy to Joy Macknight.

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Bank Innovation

MARCH 27, 2020

facing lawsuits over crashes on its trading platform amid violent stock market swings, is now being accused of offering a “$75 goodwill credit” to dupe customers into waiving their legal rights. Robinhood Financial Inc.,

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Bank Innovation

JANUARY 20, 2020

Singapore is becoming a haven for e-commerce companies looking to get into banking in Asian markets. In 2019, the Monetary Authority of Singapore announced it would issue three digital wholesale bank licenses and two digital full bank licenses, challenging Singapore’s legacy financial institutions, CNBC reported.

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