Can Technology Save Bank Branches?

Bank Innovation

Corporate DataBank Mobile Online Open Fintech Operations Payments Premium Retail Bank of America DBS Bank HSBC SamsungPREMIUM - When was the last time you went to your bank branch to deposit money? Still thinking? That's because most of the daily banking activity has shifted from branches to the smartphone. But that's not to say people don’t use bank branches at all. They do, but not for the same reasons as they […].

Report: Price Of Jumia Technologies Expected To Soar In 2021

PYMNTS

Analyses of investor sentiment and other factors point to the price of Nigeria-based online marketplace Jumia Technologies soaring through 2021 and beyond, London Loves Business reported.

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The Best Online Banks Right Now

Bank Innovation

Keeping your money in a bank is common sense at this point, but online banking is – unfortunately – not something many people have grown accustomed to, yet. There are many benefits to explore in this area, and it’s not a bad idea to check out what some online banking services can do for you […]. Innovations Mobile Online Open Fintech Operations Payments Retail Risk Security Social Media Sponsored Startups Brainwave Technologies Chime Bank CIT Bank TIAA

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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

Digital Technology Boosts Retail, Banking Innovation

PYMNTS

Estée Lauder reported that “soft demand” for makeup and continued coronavirus outbreaks across the globe crimped its newest results, but it reported rises in online sales in the Americas and its European eCommerce business.

Breaking Banks: Where Finance, Technology, & Politics Meet [AUDIO]

Bank Innovation

On this week’s episode of Breaking Banks, host Brett King is joined by four panelists from the fintech world to discuss the intersection of government oversight, technology, and finance. Mobile Online Payments Technology Breaking Banks Mobile banking online banking technology

Digital Technologies Drive Innovation In Retail, Payments

PYMNTS

Target crushed online commerce and reported decent in-store sales volume for the holidays, while Urban Outfitters and Nordstrom had weak in-store traffic that even fairly positive online volume couldn’t surmount.

ByteDance Acquires Mobile Games Maker Moonton Technology

PYMNTS

ByteDance stepped further into the video game world this week, with its gaming arm, Nuverse, acquiring the Shanghai games maker Moontoon Technology. Founded by a former Tencent employee, Moonton made a name for itself in Southeast Asia with its multiplayer online game Mobile Legends.

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 Earlier this year, Vertebrae created a virtual 3D try-on application for mobile and online. Nothing counters disruption like another disruption.

QR Code Technology Finds New Digital-First Use Cases

PYMNTS

And according to PYMNTS’ most recent QR Codes Payment Tracker , the technology is expanding to new use cases as its adoption continues to provide contactless options for restaurants, retailers and even contact tracing for COVID-19 tracking in the U.K.

Payments Providers Are Lukewarm on Blockchain Technology

Bank Innovation

The ways businesses, consumers, and even banks make payments are changing, as technologies like realtime payments and APIs make it easier to send money across the globe. But one technology seems curiously absent from recent payment innovation, and that’s blockchain. “We We think blockchain technology will streamline payments, but in practice there are very few open […].

Meet the New Technologies Demoing at Bank Innovation 2017

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 tellerCompanies from a wide range of fintech are finalists in the demo contest at Bank Innovation 2017, the event announced today. The finalists were chosen from applicants from around the world. A total of 12 companies will demo at Bank Innovation.

Givingli Taps Blackhawk Network For eGift Technology

PYMNTS

Givingli recognizes that technology, mobile lifestyles and an increasing demand for contactless payment options are paving the way for gifting innovation,” Brett Narlinger , head of Global Commerce at Blackhawk Network, said in the announcement. “We

QSRs Serve Up Technology To Reach Most Loyal Customers

PYMNTS

PYMNTS' research shows that 26 percent of restaurant customers who order online or via phone are enthusiasts, as are 28 percent of restaurant customers who order using food aggregators. Adopting Bridge Millennial-Friendly Technology.

Banks Need to Focus on Data, Not Technology, RBC Says

Bank Innovation

EXCLUSIVE–Future banking innovations aren’t going to depend on what technology financial institutions are using, but on what data is underlying that technology, according to Dave McKay, president and CEO for the Royal Bank of Canada. Exclusive Lending Online Open Fintech APIs artificial intelligence data lending open banking open fintech payments Royal Bank of Canada SIbos 2017

Look Beyond Technology for Better Digital Banking, Fiserv Says

Bank Innovation

Exclusive Mobile Online Payments Retail biometric authentication cardless ATMs contactless payments digital banking Fiserv Mobile banking online paymentsEXCLUSIVE—With mobile banking services offered at the majority of financial institutions, innovating the digital space is becoming more important in the fintech ecosystem, especially for smaller players like regional banks or credit unions.

GoDaddy Agrees To Buy Poynt To Boost Digital Payments Technology

PYMNTS

GoDaddy was interested in Poynt because of the digital shift in payments due to the pandemic, as well as in-person and online shopping converging more all the time, the release stated.

Tulip Introduces Fulfillment Technology For Retailers

PYMNTS

Retail cloud-based mobile technology provider Tulip has rolled out its Fulfillment offering to help merchants grow their abilities to manage, monitor and deliver eCommerce orders straight from the store, according to a Wednesday (Feb.

GE Appliances Promises Smarter Technology

PYMNTS

GE Appliances (GEA) has introduced what it’s calling a smart technology to improve a product’s life cycle. SmartHQ Solutions, GEA said in a Thursday (June 25) announcement , is the first solution in the industry to connect these technologies. “In

Innovative Approaches To Retail With Digital Technology

PYMNTS

Online marketplaces are connecting retailers, consumers and nonprofits amid the pandemic. And online shopping and digital fraud are increasing simultaneously, but merchants can take steps to ensure that debit-based card-not-present (CNP) transactions are kept safe.

The Rise Of Technology In Home-Building, Dining And Retail

PYMNTS

Online home-building upstart Welcome Homes is aiming to expediently and smoothly put migrating millennials into new residences. Today In Data Commerce delivery Innovation News payments Retail Technology Today in Data

Blockchain Technology Not Suitable for Visa’s Core Business

Bank Innovation

At the JPMorgan Technology, Media and Communications conference in Boston yesterday, Kelly said: Remember blockchain actually is not very good about facilitating low-value high-volume scale transactions, which is the core of what we do. […]. Cryptocurrency Exclusive Innovations Online Open Fintech Operations Premium Blockchain Commerce Bank distributed ledger technology HSBC IBM Visa

Lessons from Distributed Ledger Technology and the Future of Banking

Bank Innovation

It’s no secret distributed ledger technologies (DLT) have been front-of-mind for financial institutions examining solutions to existing problems in institutional and retail banking. While blockchain technology is still a greenhorn in the wilderness of capital markets, the underlying concept should be heralded as a catalyst for innovation. Innovations Mobile Online Open Fintech Operations Payments Retail Risk Sponsored bank of england Baton Systems distributed ledger technology

How Mobile Technology Is Changing Insurance Claims

PYMNTS

The initial barrier blocking mobile payout adoption in the insurance world was simple: The technology to support such disbursements for many claims did not yet exist.

Crealogix Picks Up Koemei’s AI Technology

Bank Innovation

Swiss software company, Crealogix is acquiring the artificial intelligence (AI) technology of Koemei for an undisclosed amount. Koemei’s AI technology will enable Crealogix to automatically covert its audio and video content into text data for analytics and optimization, making it “easier to exploit multimedia content,” Crealogix said in Monday’s announcement. Exclusive Online Operations Startups artificial intelligence crealogix

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. 50 percent: Share of Swiss consumers who currently bank online. 15 percent: Approximate amount by which consumers increased spending on online food delivery in 2019 YOY. 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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Kabbage Expands SMB Credit Line to $250K; Money Will Go to Technology Investments

Bank Innovation

EXCLUSIVE—Online lender Kabbage has enlarged its small business line of credit, now offering clients lines up to $250,000, the company announced today. Kabbage anticipates that businesses will use the funds for technology investment, the company stated in today’s release. Exclusive Lending Online credit data analytics ING Kabbage online lending SMB lending Softbank

Verizon, Microsoft Partner To Accelerate 5G Technology

PYMNTS

Touting 5G data speeds that are already 25 times faster than current 4G technology (and will eventually be 100 times faster), the two companies said the security, reliability and ultra-low lag times will bring increased efficiency and reduced costs.

For Payments, Banks Should Use Technology as a ‘Bridge’ for Client Needs, BNY Mellon Says

Bank Innovation

EXCLUSIVE— Banks are juggling a lot of change when it comes to the world of payments, but in order to be successful, banks should avoid getting bogged down in one specific technology trend, BNY Mellon told Bank Innovation. Exclusive Online Payments BNY Mellon online payments real-time payments Volante Zelle

Advancing Retail And Education With Digital Technology 

PYMNTS

And in education, Google and Apple are facilitating students’ return to class with the help of technology. 60.6%: Share of consumers who have increased their use of online D2C channels to purchase food and beverage products during the pandemic.

India’s Online B2B Marketplace Beldara Grows

PYMNTS

Mumbai, India-based online business-to-business (B2B) marketplace Beldara is planning a global expansion to link more international suppliers with overseas buyers, reports said on Thursday (Jan.

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Palantir Technologies Readies Bid To Go Public

PYMNTS

Palantir Technologies , the Palo Alto, California-based Big Data analytics company, is planning to go public soon and could be trading as early as this fall, sources told Bloomberg News. IPO data analytics ipo News Palantir Technologies What's Hot

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 […].

DBS, Xero Create Online Payment Solution for Singapore SMEs

Bank Innovation

Singapore-based bank DBS has partnered with technology provider Xero to build an online payment solution for small and medium-sized enterprises, the companies announced today. Exclusive Online Payments DBS Bank online payments Singapore fintech SMEs xeroThe DBS-Xero solution will allow SMEs on the platform to simplify their bill payments, focusing on eliminating problems such as cash-flow—an area of struggle for one out of every three SMEs […].

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Online Retail’s Next Phase: From Adapt To Accelerate

PYMNTS

Obviously, consumers are looking to buy everyday goods online as opposed to going inside a store, [and] we effectively have seen two to three years of eCommerce growth in a matter of three or four months.

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