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Your 2013 State of Banking Predictions for This Year Were Right on the Money

Bank Innovation

PREMIUM —In 2013, Bank Innovation asked readers to predict the state of innovations in banking for 2018. Data collected in the September 2013 Bank Innovation survey showed that our readers had excellent foresight into the current innovations and challenges of the fintech industry.

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Setting the stage for the best banking innovations of 2021

Accenture

The Efma-Accenture Banking Innovation Awards have been a catalyst for innovation in banking since their inception in 2013. Since then, I look forward to them every year as the industry rewards and celebrates innovation. After a pause in 2020 due to COVID-19, this year’s ceremony brings even more anticipation.

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CFPB Rolls Out Innovation Regulator Network

PYMNTS

A network to better coordinate financial innovation among federal and state regulators is being launched by the Consumer Financial Protection Bureau (CFPB) in partnership with several states, the agency said in a press release. Peak levels — and levels of 33 percent and above — occurred after the financial crisis into 2013.

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Artificial Intelligence Innovation Steered By U.S. and China

PYMNTS

million scientific papers published since AI first emerged in the 1950s, with the majority of all AI-related patent filings published since 2013.”. Microsoft was significantly behind that, with 5,903 patents, but that’s still good enough for the global major leagues when it comes to AI research and innovation. percent, agriculture (32.3

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. Honkook Kim and his Gentle Monster Brand is a perfect example.

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Thanksgiving Innovation 101: The Turkey

PYMNTS

In 2013 the Atlantic anointed turkey a “ second-rate bird ,” while the writers at Slate mused in 2014 that “ literally any other meat tastes better.” There isn’t a lot of room to really innovate the Thanksgiving turkey. By January 2013, the second-generation Instant Pot became the bestseller in the pressure cooker category on Amazon.

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Want to Partner With Early-Stage Fintechs? OCC Is Watching

Bank Innovation

The Office of the Comptroller of the Currency published an FAQ section on its website this week, in order to clarify several points from its “Third-Party Relationships: Risk Management Guidance” issued in 2013. As expected, the questions also addressed bank-fintech partnerships. Most notably, the OCC […].

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