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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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FinTech versus Banks, Round One: PSD2

Chris Skinner

These legislative acts foster innovation and drive both competition and choice in the market. They will have a negative impact on competition, they will jeopardise consumer control over their own financial data, and they will have a critical negative impact on the future trajectory of innovation in Europe.

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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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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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PayPal To Roll Out Innovation Labs In India

PYMNTS

PayPal, the digital payments company, is rolling out two new technology Innovation Labs based in India, where FinTech startups are currently flourishing. The labs, according to the report, are based out of Chennai and Bangalore and will focus on initiatives in machine learning, AI, data science, IoT, AR, VR and basic robotics. and Singapore.

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5G Starts Adding Fuel To Healthcare Payments And Innovation

PYMNTS

percent until 2013. Telemedicine services like Doctor on Demand – which now operates in 50 states – connect patients with physicians, psychiatrists and mental health workers entirely across digital channels.

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On National Burrito Day, Chipotle Serves Up Signs Of QSR Innovation

PYMNTS

As Chipotle continues its digital efforts, the chain’s stock is having its best year since 2013, with part of the increase credited to investors liking CEO Brian Niccol , who joined the chain about a year ago after turning Taco Bell into a lifestyle brand and introducing breakfast at the quick service restaurant. Chipotle’s Digital Gains.