article thumbnail

With IBM, Bank of China takes aim at super apps

Bank Innovation

The advent of social payment platforms like Alipay and WeChat are causing ripple effects within China’s banking sector. In September, Bank of China launched an innovation lab through a contract with IBM to fend off competition from these platforms, which function as hubs for e-commerce, banking and social media.

article thumbnail

Weekly Wrap: Google launches PPP solution and banks tackle social media

BankInovation

Banks and tech companies continue to launch Paycheck Protection Program solutions. Google recently got involved with three new tools backed by artificial intelligence to help banks navigate the program.

Insiders

Sign Up for our Newsletter

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

article thumbnail

10 Big Bank Marketing Lessons from the ABA Bank Marketing Conference

South State Correspondent

Many sessions discussed the importance of setting clear goals for any marketing effort, such as the talk by Jessica Reese (graphical notes below), the Social Media Manager for Arvest Bank (AR, $27B). We learned that a bank embracing this strategy can consume about 15% of the marketing budget.

article thumbnail

BNP Paribas trials seamless payment displays

Banking 2020

Frictionless payments? But while progress has been steady, so far there has not been a revolutionary shift that has led to seamless, ubiquitous payments. Biometrics, contactless technology and social media hold promise, but there is not a straightforward way to create truly frictionless transactions.

article thumbnail

Seeking Banking Balance Between Physical And Digital

PYMNTS

Jamie Armistead, executive vice president of Digital Channels for Bank of the West , recently spoke with PYMNTS about how startups and tech are informing his company’s innovation strategy. Armistead also spoke to the lesson the bank is learning from smartphone apps to better serve its customers online and in brick-and-mortar locations.

article thumbnail

Traditional Customer Acquisition Methods in Banking Are Dead

The Financial Brand

New growth will come less from branches and buying other banks and more from acquiring tech, shopping, media or other data-rich companies. The post Traditional Customer Acquisition Methods in Banking Are Dead appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

article thumbnail

Finovate Fall 2016 Live Blog – Day 1

William Mills

Once the deal is closed, Aleo can agree on payment terms with just a few clicks. Dashboard allows you to look at sales invoices, supplier financing, accept conditions of suppliers declarations for payment. Demo: Bank needs to investigate a payment which could take days. identitii makes payments safer and faster.

Mobile 40