Pay-by-Nose, a new innovation

Chris Skinner

My … The post Pay-by-Nose, a new innovation appeared first on Chris Skinner's blog. Case Studies Fintech Future Grid Innovation TechnologyI blog regularly about what a fanboy I am of Chinese technology giants Alibaba and Tencent. It’s getting a bit ridiculous now however, when payments companies are designing payments for cats and dogs … or maybe it’s not … it’s just an extension of technologies that work for humans.

What Innovators Can Learn From Netflix

PYMNTS

But the one thing that might work is taking a page from the innovation playbook that Netflix seems to have written and followed over the last 22 years. The one thing PYMNTS has heard consistently in the 10 studies of a national sample of more than 25,000 U.S. Getting FIT® to Innovate

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Turkish delights in innovation

Chris Skinner

They manage the Fintech Istanbul program, and are the powerhouse behind many of the innovations we’ve seen in Turkey from mobile wallets to contactless payments. We may describe Turkish banking sector as strong, innovative, modern and well-regulated. They are also very successful in adopting and launching innovative technologies for the first time in the world. 29 of them are … The post Turkish delights in innovation appeared first on Chris Skinner's blog.

Five financial innovations you may have missed

Chris Skinner

I just attended an EFMA conference where the opening presentation talked about the most innovative banks in the world. Using the application simplifies trade finance for SMEs as the DTC links all parties – buyer, seller and the … The post Five financial innovations you may have missed appeared first on Chris Skinner's blog. Case Studies Digital Bank Fintech Grid Innovation

Volocopter, Grab Partner On Air Taxi Study In Southeast Asia

PYMNTS

German urban air mobility startup Volocopter is partnering with ridesharing and payments startup Grab to launch a joint feasibility study to bring air taxi services to Southeast Asia, Volocopter announced on Tuesday (Feb. Joint flight tests will be studied for best-use cases.

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New Study Shows Retailers Are Stepping Up For Safety

PYMNTS

With the most recent COVID-19 studies from PYMNTS reinforcing the need for health and safety in the retail world, some retailers are stepping up to accommodate consumers’ concerns. Grocers must, therefore, be ready to adapt innovative tools, both online and in-store, that can help keep that experience seamless for consumers.”. The PYMNTS studies suggest that the 90-day estimate may be conservative.

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Three of Europe’s most innovative banks are in Germany

Chris Skinner

There are a number of hotbeds for innovation in finance – London, Singapore, Tel Aviv, Silicon Valley – may all spring to mind to begin with … but what about Berlin and Munich? Two are full banks with banking … Case Studies Digital Bank Fintech Grid Innovation TechnologyYes, Berlin is showing some interesting true colours with three standout start-ups: Fidor, NUMBER26 and solaris.

HSBC’s Alvaro Teixeira to speak at Bank Innovation Ignite

Bank Innovation

Alvaro Teixeira, executive vice president and head of customer value management at HSBC Bank USA, will attend Bank Innovation Ignite this March 2-3 in Seattle. Teixeira is speaking at the Ignite Ideas session, in which financial industry leaders will highlight case studies. “I’m

Digital financial services to generate $38b in southeast Asia, study finds

Bank Innovation

Digital financial services from lending to asset management are expected to generate at least $38 billion of annual revenue across Southeast Asia by 2025, more than tripling from $11 billion in 2019, according to a new study by Bain & Co., Bloomberg Carousel Innovation Strategy Payments Retail Banking Alibaba Group fintech startups Grab Uber

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The High Price Of Payments — And Innovation — In Travel

PYMNTS

Payments costs $75 billion annually for the global travel industry, according to the new PYMNTS Travel Payments Study , an Amadeus collaboration, and 5.4 Innovation Challenges. Innovation Willingness. Where is that spark for innovation coming from?

Compliance Concerns Remain an Obstacle to Tech Upgrades, Study Finds

Bank Innovation

Despite the importance bank executives place on innovation, a significant number believe their banks lack the technology to invest in disruptors. Indeed, in a study released by Fenergo, the client lifecycle management software company, one of every five C-suite executives don’t think their bank’s technology allows them to invest in disruptive innovation.

Pioneers: Innovation-hungry, but few second chances

Accenture

Accenture’s ground-breaking 2019 Global Financial Services Consumer Study has seen four mindsets emerge from the data: Pioneers, Sceptics, Traditionalists and Pragmatists. The post Pioneers: Innovation-hungry, but few second chances appeared first on Accenture Banking Blog. Uncategorized Australia & New Zealand Banking Banking Consumer Personas Financial Services Consumer Study

NEW STUDY: Why Fast Food Isn’t Innovating Fast Enough

PYMNTS

In short, customers want innovation, but restaurants, largely, aren’t giving it to them. The Index’s inaugural edition explores why companies in the $230 billion QSR space struggle to innovate, and how they can change that reputation. According to PYMNTS research, most brands in the QSR space are losing the innovation race. Meanwhile, there’s a huge innovation gap between the satisfaction scores of top and bottom performing restaurants.

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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. Carousel Innovation Strategy INV Fintech Startups APIs collaboration innovation strategyWhile banks are pushing for more fintech startup collaborations, new data shows that working alongside startups can uniquely “bridge” the fintech gap for financial institutions.

Case Study: Getaround Gets Around Vehicle Owners’ Trepidation

PYMNTS

The following case study explores how the company earns vehicle owners’ trust by authenticating those who want to access their automobiles. Payments Innovation authentication automation carsharing Case Study Getaround Insurance Lyft Marketplace News Onboarding payments Payments and The Platform Economy Playbook sharing economy YapStoneOne of the sharing economy ’s most powerful selling points is its promise of financial empowerment.

Case Study: Why Curation, Customization Are Key For The Experience Economy

PYMNTS

IfOnly continues to innovate its platform, though, especially when it comes to payments and social media channels. Payments Innovation AI Case Study digital payments Experience Economy IfOnly marketplaces mobile News online payments Payments and The Platform Economy Playbook platform economy YapStone

Asia Will Lead In Use of AI and Automation in Financial Services, Study Says

Bank Innovation

DataBank Exclusive Innovations Premium Asian fintech McKinsey revenueThe advent of AI technology, with innumerable use cases for financial services, will also have a great impact on cost savings and output for companies.

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Study Finds New Store Openings Lead To Boost In Online Traffic

PYMNTS

According to a recent ICSC study, “ The Halo Effect: How Bricks Impact Clicks ,” when retailers invest in brick-and-mortar stores, their online presence grows. Retail brick and mortar customer loyalty ICSC News online shopping Retail Study Store Openings What's Hot

Study 175

Why Innovation Acceleration Matters

PYMNTS

Innovation has become such a buzzword that it can be applied to countless solutions and initiatives, from emerging 5G mobile technology and the rise of “smart factories” to using blockchain to trace and track food supply chains to deploying kiosks to personalizing the ordering experience. These findings reinforce the crux of PYMNTS’ Innovation Readiness Index , which explores how tech infrastructure is key to financial institutions’ innovation. The State of Innovation.

JPMorgan Chase: First Among Equals

Chris Skinner

Case Studies Digital Bank Grid Innovation Numbers OpinionWhen The Financial Times does what they’re good at – covering financial markets and not technology – then they do produce some fascinating content. Case in point is the latest coverage of JPMorgan Chase’s (JPMC) 2019 results.

The Senior Factor In Smart Home Innovation

PYMNTS

Research from Harvard’s Joint Center for Housing Studies shows that at the end of this decade, households headed by 80-year-olds and older will make up more than one-in-10 U.S. The U.S. population is getting older.

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. Carousel Innovation Strategy INV Fintech Startups Uncategorized APIs collaboration innovation strategy

China’s blood on the carpet in P2P lending

Chris Skinner

Case Studies Fintech Grid Innovation RegulationOne other thing struck me as the discussions fired away in Shanghai at Lang Di … is China going to haemorrhage and bring down the world’s financial systems … or is that just what the Western media would like us to think?

Study: Americans Overestimate Their Financial Literacy

PYMNTS

A new study reveals that while Americans are generally overconfident in their financial knowledge, only a few could score a top grade on a financial quiz. The “ Financial Literacy: Prosperity Begins with Knowledge ” study from Raddon, a provider of innovative research, also found that the vast majority have never attended a financial education program, although many think such a program would be extremely or very valuable.

Study 168

Big banks feel pressure to compete with digital lenders: S&P

Bank Innovation

Lenders move into banking “Digital lenders are increasingly pushing into nonlending services,” the study noted. Carousel Innovation Strategy Lending Premium Startups digital lending fintech SME banking SME lending study

Study 212

Chatbots Overlooked When SMBs Invest In Tech: Study

PYMNTS

The Internet of Things is another area of technological innovation in which small firms are skeptical of its value. ” B2B Payments AI artificial intelligence B2B Business Tech Business Technology chatbots Innovation Internet of Things IT News small businesses SMBs What's Hot In B2B

Study 193

The Buyers: Studying Chinese Consumers’ Online Interactions

PYMNTS

When it comes to the ramifications for the retail industry, a Deloitte study found that 56 cents of every dollar spent in retail stores today is influenced by digital interactions. s study , Digital Lifestyles in China , zeroed in on online Chinese consumer behavior as it relates to social networks, shopping preferences and video content consumption. Studies about new consumer behaviors are revealing new details on a weekly basis.

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Studies Link Training to Innovation in the Workplace

ABA Community Banking

Recent data on training and how it relates to innovation draws a few interesting conclusions Bank Performance Financial Research Human Resources Feature Management Financial Trends Performance Tech Management Feature3. 1Management

IT Innovation Disconnected from C-Suite

Bank Innovation

A large disconnect between the C-Suite and IT departments could drastically influence innovative advancements across industries according to findings from Wakefield Research sponsored by Juniper Networks. Results of the study. The post IT Innovation. Newswire Banker in the Know innovation

Credit Union Innovation Gets A Big Rethink

PYMNTS

The cellphone is an invention; the smartphone is an innovation. That gap between creating something and putting it to ingenious use is where innovation does its magic. PYMNTS’ July 2020 Credit Union Innovation Playbook , done in collaboration with PSCU , surveyed 100 credit union (CU) executives and CEOs to learn how the highly interdependent CU/CU member community has succeeded — and sometimes failed — to innovate for digital demand. Our study shows that 83.3

Mobile Banking Apps Get a Blah Net Promoter Score From Consumers, Bank Innovation Finds

Bank Innovation

Banking consumers take a middling view of today’s mobile banking applications, according to a study by Bank Innovation.

IBM Algo FIRST becomes IBM FIRST Risk Case Studies

Insights on Business

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. What else changes with the rebranding to IBM FIRST Risk Case Studies? . IBM FIRST Risk Case Studies continues to offer the same excellent external risk case study database that our customers have subscribed to for many years. About FIRST Risk Case Studies.

How Innovation Priorities Are Evolving for FIs

PYMNTS

But how much are FIs really investing in blockchain and artificial intelligence (AI) compared to more foundational innovations? The latest Innovation Readiness Playbook looks at where FIs have been focusing over the past three years and what their plans are for the near future. More than half (57 percent) of banks will focus on innovating payment tech over the next three years, making it the single highest priority. When asked about specific innovations, 56.1

The Future Of FIs Is About Flexible Innovation

PYMNTS

Innovation is no longer optional – it’s table stakes to stay in the game. Some FIs are ready to innovate, and some aren’t. PYMNTS and i2c have been studying that question for the last two years – and attempting to answer it with the Innovation Readiness Playbooks.

IBM Algo FIRST becomes IBM FIRST Risk Case Studies

Insights on Business

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. What else changes with the rebranding to IBM FIRST Risk Case Studies? . IBM FIRST Risk Case Studies continues to offer the same excellent external risk case study database that our customers have subscribed to for many years. About FIRST Risk Case Studies.