CBDC and Technology: Enabling Blockchain to Drive Change

Accenture

The key innovation is the adoption of a value-based, or token-based, approach to money. The post CBDC and Technology: Enabling blockchain to drive change appeared first on Accenture Banking Blog.

Digital Technology Boosts Retail, Banking Innovation

PYMNTS

In retail technology, the potential for unattended retail keeps expanding in today’s era of social distancing. And in digital banking, financial institutions (FIs) are harnessing advanced technology to bolster credit risk management.

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Emerging Technologies, Services Drive Payment Rail Innovation

PYMNTS

This week’s round-up of the newest innovations in payment rails for B2B payments shows a key focus on improving upon existing rails — and fueling adoption of new ones.

FinTech Cloud Technology Fuels Banking Innovation

PYMNTS

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. B2B Payments B2B banking Digital Banking FinTech Innovation News

Digital Technologies Drive Innovation In Retail, Payments

PYMNTS

In retail technology, Toshiba Global Commerce Solutions ’ new Elera system aims to supplant in-store IT systems with a new cloud-enabled technology. And in digital innovation, mobile payments are bridging the cash and digital divide in Pakistan.

Pay-by-Nose, a new innovation

Chris Skinner

I 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.

Meet the New Technologies Demoing at Bank Innovation 2017

Bank Innovation

Companies from a wide range of fintech are finalists in the demo contest at Bank Innovation 2017, the event announced today. A total of 12 companies will demo at Bank Innovation. Commerce Compliance E-Commerce Mobile Online Payments Retail Risk Security Startups Technology Alloy Bank Innovation 2017 BeSmartee Blispay Deloitte Eyeprint ID Fiserv PayKey SizeUp SnapCheck teller

Digital Technologies Drive Innovation In Retail, Banking

PYMNTS

Technologies such as artificial intelligence (AI) and video onboarding have shown promise in facing identity fraud, but each is vulnerable when implemented on its own. Today In Data banking Commerce Financial Crime Innovation News payments Retail Today in Data

How L'OCCITANE Is Navigating The Connected Commerce Age With Contactless Technologies, Payment Innovations

PYMNTS

eCommerce behemoth Amazon , for example, is working to expand its experimental touchless palm payment technology at certain Whole Foods locations. Despite these advancements, placing consumers’ preferences at the heart of future innovations remains paramount. “We

The Connected Future Of Kitchen Technology

PYMNTS

As kitchen technology rapidly evolves, with automated solutions entering the mainstream, remaining at the forefront of restaurant innovation will require more than just individual automated devices. As kitchen technology company Welbilt CEO William C.

Powering Innovation With Wedding, Transportation Technology

PYMNTS

And in transportation, Lyft is innovating on its technology stack as the firm rolls out features like the Lyft matching platform. Today In Data bridal Commerce Innovation Lyft News payments Retail Ridesharing Technology Today in Data weddings

Innovative Sales Models And Technologies In Retail

PYMNTS

Today In Data Augmented Reality Commerce direct-to-consumer DTC ecommerce Innovation News payments Today in Data virtual realityConsumers pay a significant amount of money for beauty products, with much of the prices set by middlemen.

Mastercard Debuts NextGen Contactless Technology

PYMNTS

Mastercard has applied new quantum-resistant technologies in order to develop a new kind of contactless payment, according to a press release emailed to PYMNTS. Mastercard Contactless Digital Payments Editors' Picks Innovation MasterCard News What's Hot

Powering Retail Innovation With Digital Technology

PYMNTS

Direct-to-consumer (DTC) medical device company Lumen seeks to have Americans look to metabolism as an important factor in weight loss and nutrition. The company brought its app and device to market just two weeks ago.

How Technology And Market Trends Spawn Innovation

PYMNTS

In restaurant technology, cloud kitchens have emerged as a new model driven by the rise of online ordering. And, in digital banking, banks are innovating with their strategies for fraud protection and anti-money laundering (AML). Today In Data AML athleisure Commerce Digital Banking DTC fraud protection Innovation News online ordering payments Restaurants Retail Technology Today in Data

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Midsize Banks Need To Have Technology Innovation to Stay Relevant

Bank Innovation

Banks need to update their legacy systems and modernize their technology, no surprise there. DataBank Innovations Lending Mobile Online Open Fintech Operations Premium Accenture artificial intelligence machine learning RoboticsBut just how many operational leaders at banks think their institution’s survival depends on it? That would be 79% of operations leaders in North America banks, according to a recent report by Accenture. That’s four out of five banks. The report […].

What’s your Bank’s Technology and Innovation Budget?

Bank Innovation

Innovation is expensive. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.

What’s your Bank’s Technology and Innovation Budget?

Bank Innovation

Innovation is expensive. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.

Some banks are technology companies

Chris Skinner

I know that systems like Erica, short for Bank of AmErica, are up and running … The post Some banks are technology companies appeared first on Chris Skinner's blog. Case Studies Digital Bank Grid Innovation Numbers Opinion TechnologyI was having a chat about Artificial Intelligence (AI) in banking the other day. It was an interesting conversation, although most of the examples were for customer service via Chatbots, which doesn’t impress me much.

Fintechs, Beware of ‘Innovation Tourists’

Bank Innovation

Now that the industry is (mostly) clear on the fintech “friend or foe” issue, startups are busy pitching their products to the eager incumbents and their innovation teams. Startups, beware of “innovation tourists.” Exclusive Innovations Operations Startups Technology Wealth Management fintech startups GoldBean innovation Jane Barratt

Fueling Retail, Card Innovation With Digital Technologies  

PYMNTS

In the automotive arena, sellers have implemented third-party technology such as virtual retailing to enable a completely digital vehicle sales process. Livestreaming online shopping is finally gaining momentum in the United States, via an evolving business model from Glamhive.

Restaurants Turn To Technology To Offset Labor Shortage

PYMNTS

Accordingly, restaurants are investing in technologies that will help make operations more efficient, cutting back on the amount of labor needed overall. ResTech automation Digital Ordering Editors' Picks Innovation Mobile ordering News QSR Restaurants Technology

Bank of America gained 418 technology patents in 2019

Bank Innovation

“Patents are not always about excluding others from using [the technology]; oftentimes, patents are […]. Artificial Intelligence Automation Blockchain Carousel Daily Post 2 Innovation Strategy Payments Product Design Retail Banking Bank of America patents

Throwing technology over the wall

Chris Skinner

The … The post Throwing technology over the wall appeared first on Chris Skinner's blog. Digital Bank Fintech Future Grid Innovation Opinion TechnologyI was listening to someone talking about monolith versus microservices structures recently, and they likened it to an old car versus a new one. Old cars were made of metal and welded together into a solid machine where, if any part breaks, you have to replace the whole machine.

Next-gen central banking | Pillar 2: Enable and drive innovation

Accenture

Pillar 2: Enable and drive innovation A key role for central banks is to enable and promote a vibrant financial sector. The post Next-gen central banking | Pillar 2: Enable and drive innovation appeared first on Accenture Banking Blog.

Bank of America to Invest $500 Million in Technology to Drive Innovation and Sales

Bank Innovation

Bank of America will invest about $75 million per quarter in technology from now through the rest of 2019, the bank reported in its earnings call today. In its Q2 earnings call today, Brian Moynihan, chairman and CEO at BofA, said: …We continued to invest in our businesses and began an additional $500 million technology investment, […].

Trends In Retail Technology And Consumer Spending

PYMNTS

And sellers are adopting biometric-based verification and artificial intelligence (AI) technologies to attract shoppers and keep fraudsters away. Today In Data Commerce Consumer Spending Innovation News payments Retail Technology Today in Data

Trends 199

12 reasons why banks don’t innovate

Chris Skinner

The post 12 reasons why banks don’t innovate appeared first on Chris Skinner's blog. Digital Bank Fintech Grid Innovation Opinion TechnologyI just got back from the ICEEfest in Bucharest, Romania. It’s a fantastic expo organised by Dragos Stanca and his team, and was very enjoyable even with the master of ceremonies, Jeff Leach, taking the mickey out of me. Jeff is an actor and comedian, and spent the whole conference f-bombing the speakers and the audience.

The biggest innovations in retail banking (research)

Chris Skinner

Last year, one of my most read blog entries was this one: The top ten trends in banking innovation (February 2016). This was a summary of the top trends in banking innovation, and … The post The biggest innovations in retail banking (research) appeared first on Chris Skinner's blog. Grid Innovation Technology Uncategorized

Guide to Genuine Innovation When Everyone Is ‘Innovating’

Bank Innovation

This bank created an innovation lab, and that bank is launching a fintech team. Exclusive Lending Mobile Online Operations Payments Technology Ally Financial Capco Core Innovation Capital PeerStreetBut this other bank just started a blockchain focus group, and everyone else is investing in tech. Gone are the days when banks could afford to be “conservative” with new product launches and tech projects, which Read More.

10 Most Innovative CEOs in Banking 2016

Bank Innovation

Innovations Mobile Online Operations Technology 10 Most Innovative CEOs2016 has been a year of many things. No, really, just look at this list of most trending Twitter topics of the year (spoiler: elections, Brexit and PokemonGo all made the list). But the memories are still fresh of, possibly, the most meaningful event in the fintech world: the Comptroller Read More.

New Challenges Emerge From Payment Rail Innovation

PYMNTS

While new payment rails are designed to tackle some of the biggest legacy pain points of the financial services industry, innovative infrastructure is also opening the door to new challenges. B2B Payments B2B FinTech fraud Innovation News payment rails real time payments

Augmented Reality Adds 3D Technology To Boost Retail Conversions

PYMNTS

Vince Cacace , CEO of Vertebrae, told PYMNTS that AR in 3D has become a high-demand technology for all kinds of products and retailers. “We Retail AR Augmented Reality ecommerce Innovation News Technology VertebraeNothing counters disruption like another disruption.

Banking on technology to power up trade finance

Accenture

Indeed, technological innovation, shifts in corporate behavior, regulatory changes and increasing market competition are fundamentally changing the trade finance market. The post Banking on technology to power up trade finance appeared first on Accenture Banking Blog.

Finding the right technology partner for your innovation roadmap

Bobsguide

Consumers today are in the driving seat. Bolstered by the incoming waves of digital natives and growing digital confidence among boomers and Gen X consumers, the banking and commerce landscapes are changing fast – and all organisations need to evolve to remain relevant. Traditional