The top trends in retail banking innovation
Chris Skinner
OCTOBER 4, 2017
I get lots of input from many sources, and one of the ones I like is the innovation survey of banking produced annually by EFMA with Accenture.
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Chris Skinner
OCTOBER 4, 2017
I get lots of input from many sources, and one of the ones I like is the innovation survey of banking produced annually by EFMA with Accenture.
Bank Innovation
MARCH 13, 2017
How do you choose where to focus your innovation team? Floyd, who joined Wells Fargo in 2015, has worked in the tech industry for more than 30 years, and for companies like Intuit, eBay, and IBM. Marie Floyd, senior vice president of digital customer experiences for Wells Fargo, has some tips. In her time at […].
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Perficient
SEPTEMBER 22, 2020
What’s even more staggering is that in 2015 only 6.7% They’re proven to be more profitable, innovative, and productive. Dr. Ahuja is the founder of Blood Orange, a global innovation and strategy firm, an author, and a public speaker. Simone Ahuja, “Navigating Change with a Growth Mindset”.
Perficient
MAY 26, 2021
In the session “Differentiating Your Brand for the Digital Era,” Scott will discuss how financial services companies can leverage digital technologies in new and innovative ways to create new value for consumers and businesses. The presentation will occur on June 10 at 4:00 p.m.
PYMNTS
SEPTEMBER 3, 2019
Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Sometimes those innovations disrupted old models and players; other times they made them better and more efficient. The Invisible Innovators .
PYMNTS
SEPTEMBER 14, 2017
One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems. contact-form-7] About the Tracker.
PYMNTS
JANUARY 21, 2020
The question for the 2020s, and the focus of her remarks at the big show in New York last week, is about innovations itself — what is truly leading in innovation and what constitutes being a laggard? The latter is innovative; the former is, well, just a tweak. Testing Innovation . The answer, she noted, is complex.
PYMNTS
NOVEMBER 22, 2018
In 2015 The Guardian advised that we should all take our Thanksgiving turkey and “ throw it in the garbage ,” prompting us to admire the temerity it takes for a group of Englishmen to offer instructions on a holiday they do not actually celebrate. There isn’t a lot of room to really innovate the Thanksgiving turkey. Or is there?
Accenture
MARCH 30, 2020
Since the adoption of PSD2 by the European Parliament in 2015, there’s been growing momentum behind Open Banking. This is set to reach new levels in 2020, as Open Banking catalyzes innovation and efficiency across the world of payments. That makes it one of the most important trends in the industry right now. Open Banking….
Bank Innovation
APRIL 13, 2018
The Toronto-based startup, which demoed at Bank Innovation 2015 in Seattle […]. Its engineers were also looking for a side project. What they came up with was a way to make billpay easier, and a bot, called Kbot, to smooth the way.
Bank Innovation
JANUARY 7, 2020
in 2015, the automation of money movement in conformity with the […]. At first glance, New York-based Qapital, a digital banking, investing and budgeting platform, might look like a challenger bank. But CEO and co-founder George Friedman says Qapital’s offerings are more than just a collection of financial products.
Bank Innovation
SEPTEMBER 12, 2017
He first revealed his commitment to the development of this technology at a CeBit Conference in 2015, when […]. Jack Ma, Alibaba’s founder, has long planned on launching facial recognition technology for the company’s payment app, Alipay.
PYMNTS
AUGUST 31, 2017
With initiatives like the Faster Payments Task Force and the Secure Payments Task Force, the Fed is pushing for innovation and progress in the nation’s payments infrastructure and market. Sapenaro said B2B payments, too, are finally experiencing innovation and progress, but it still has a long way to go.
Bank Innovation
JANUARY 12, 2018
Banks across the European Union have been preparing for the revised Payment Service Directive or PSD2 since it was first passed in 2015 by the Council of the European Union. EXCLUSIVE – Major European payments regulation, PSD2 is set to go live tomorrow in Europe. The main objective of this new regulation is to level […].
Payments Dive
APRIL 14, 2017
Google announced the launch of ‘Android Pay’ in May 2015, and with the global rollout accelerating and adoption growing, what do banks and service providers need to know about this innovative platform?
PYMNTS
AUGUST 26, 2019
Pretty much everyone needs medicine at one or another, and that need is helping to drive retail innovation and attempts at disruption in the pharmacy business. The news represents the biggest round of store closures for Walgreens since 2015. But innovation efforts continue for retail pharmacy operations. Delivery Push.
Bank Innovation
DECEMBER 10, 2019
The firm, which closed a $250 million fund in 2015, primarily invests in business-to-business technology companies. Centana Growth Partners, a New York and Palo Alto, Calif.-based based growth equity firm, closed its second fintech valued at $375 million this week.
Bank Innovation
MARCH 7, 2019
which will also serve as its entry into the country, Bank Innovation has learned. Founded in 2015, OakNorth is a digital-based SME […]. Fresh off a $400 million funding led by SoftBank, fintech lender OakNorth is close to establishing its first bank partnership in the U.S.,
Bank Innovation
MAY 22, 2019
INV Fintech, the sister accelerator to Bank Innovation, today announced the addition of nbkc bank as a member of its ecosystem. Currently in its seventh startup class, INV Fintech fosters innovation through information sharing, interactions and potential collaborations between startups, financial institutions and technology providers.
BankBazaar
JULY 31, 2023
And as they say, the rest is history! $60 Million Jackpot: Funding Frenzy in 2015 Fast forward to 2015, and BankBazaar struck gold with a whopping $60 million in Series C funding. With this innovation, customers could complete the Know Your Customer (KYC) process online, swiftly and effortlessly.
Bank Innovation
APRIL 5, 2017
Fraudsters successfully adapted to net two million more victims last year, compared to 2015. […]. The identity fraud incidence rate increased by 16%, a record high since the company began tracking identity fraud in 2003.
Chris Skinner
MARCH 22, 2017
Hence, they invested $680 million in India’s Paytm in September 2015, just before demonitisation stimulated Indians to open 200 million wallets on Paytm. At the end of 2015, the company signed a deal with Wirecard to give them access to Europe for merchant checkout using their wallet for Chinese tourists.
Bank Innovation
FEBRUARY 16, 2017
Launched in November 2015, PeerStreet has been Read More. It seems like all the players in the marketplace lending space felt the cloud of uncertainty that surrounded the industry last year. Except for PeerStreet. The platform brings real estate to the marketplace lending space, opening up a previously inaccessible asset class to investors.
PYMNTS
JANUARY 28, 2020
The total number of CUs in operation declined from 6,743 in 2015 to 5,390 as of 2019, but the total number of CU members increased over the course of the decade from 89.3 One such innovation comes from credit union service organization (CUSO) PSCU , which recently released a desktop automation system to optimize CU call centers.
Chris Skinner
JULY 26, 2017
Innovate Finance has just published their report on the first half of 2017, and the investments made in FinTech. Billion in H1 2017 –with UK investment up 37% reveals Innovate Finance H1 2017 saw 787 deals globally, attracting $6.5 Global VC FinTech investment attracts $6.5 billion of investment compared with $7.0
PYMNTS
MAY 4, 2019
The realm of quick service restaurants (QSRs) is and actually always has been a pretty innovative space. In the modern digital era of QSR, it is almost impossible not to mention Starbucks and its myriad contributions to innovation — including the first really successful launch of a mobile wallet product in the U.S.
Bank Innovation
NOVEMBER 7, 2017
Social media mogul company Facebook has launched P2P payments through Facebook Messenger in the U.K. is the next market to have the service, after Facebook first launched the payments feature in the U.S. According to reports, all major banks in the U.K. are taking part in the service. To use […].
Bank Innovation
MARCH 6, 2017
Blockchain VC investment plateaued last year, nearing $500 million at yearend 2016 — only a 1% improvement, compared to 2015, according to State of Blockchain 2017 report published by Coindesk today. As the buzz around blockchain fades, so does the venture capital investment in the sector.
PYMNTS
JUNE 22, 2019
percent between 2015 and 2017, according to the Global Wellness Institute. Well, with innovation of course. It seems every firm is trying to find a way into the expansive — and ever-growing — “health and wellness” market. As of 2018 health and wellness was a $4.2 trillion annual industry , having grown 12.8 Of all kinds ….
Bank Innovation
FEBRUARY 23, 2020
billion continues to fuel speculation about the future of data aggregator Yodlee, which Envestnet acquired in 2015 for $590 million. The impact of Visa’s Plaid acquisition for $5.3 At issue is whether Envestnet is exploring options for Yodlee, including a possible sale.
Bank Innovation
AUGUST 12, 2016
Citi Fintech launched in the fall of 2015 to build the bank of the future, but it has yet to release a product. Now Citigroup‘s innovation unit has lost its CEO. USAA announced today that Citi Fintech CEO Heather Cox was joining the bank as chief technology and digital officer, a new Read More.
Bank Innovation
MARCH 13, 2017
2015 – with MCX as the “premier” launch partner. JPMorgan Chase will acquire Merchant Customer Exchange (MCX) payments tech – a network of the largest U.S. merchants, which ran a short-lived CurrentC pilot last year – the companies announced on Friday. The acquisition will help expand Chase Pay, which was launched in Oct.
PYMNTS
NOVEMBER 14, 2019
The latest example of the power of those digitally-enabled innovative efforts comes from online freight marketplace operator Convoy. Founded in 2015, Seattle-based Convoy is among the biggest operators of online marketplaces that match truckers with shippers needing to move cargo,” the report said. Rowe Price Associates.
Bank Innovation
MAY 1, 2017
first was Yirendai in 2015), China Rapid Finance is confident its new listing on the New York Stock Exchange will lead to growth. As only the second Chinese online lender to go public in the U.S.
Bank Innovation
OCTOBER 12, 2016
APIs (application programming interfaces) are fast becoming integral to the banking world, but corporate culture has not yet caught up with the technology, according to data from a survey conducted by the Open Bank Project together with Bank Innovation.
Bank Innovation
MARCH 15, 2019
Steele told Bank Innovation that the Swiss firm saw about 400% cloud deployment growth amongst its clients from 2015 to 2017, with the most significant growth occurring in Latin […].
Bank Innovation
AUGUST 3, 2017
It first arrived on the continent in 2015. The POS payment gateway provider has partnered with Ant Financial in order to integrate the AliPay service with European acquirers, the companies announced today. This marks an expansion for AliPay in Europe. With the partnership, AliPay will […].
PYMNTS
NOVEMBER 8, 2019
Innovations — some more fantastical than others — keep emerging, though. Synthetic identity fraud continues to grow , but far slower than when it ran rampant in 2015 and 2016. Vein recognition? Voice patterns? One of the newest forms of biometrics is the sound that an individual’s bones make. Tangible and Ethical Concerns.
PYMNTS
JANUARY 11, 2021
Storonsky said Revolut wants to develop “many more innovative products” that will advance “innovation and competition” across the financial services sector. The London-based FinTech was founded in 2015 and has secured more than $580 million in funding on a $5.5 billion valuation.
Bank Innovation
FEBRUARY 3, 2020
billion, industry watchers are questioning whether this might prompt wealth management tech firm Envestnet to sell aggregator Yodlee, which it acquired in 2015 for $590 million. On the heels of Visa‘s acquisition of data aggregator Plaid for $5.3 The speculation was initially raised by Raymond James analysts in a report released Jan.
Chris Skinner
JULY 14, 2017
Others are more tactical, and aimed to provide coverage in parts of the world where Chinese tourists can be found: Wirecard and Alipay sign agreement for innovative POS payment acceptance, November 2015 Alibaba’s Ant Financial Strikes Deal With Ingenico for European Payments Push, August 2016 Ant Financial partners with First Data and Verifone as part (..)
Bank Innovation
FEBRUARY 16, 2017
billion (and 459 deals) in 2015 – a 29% drop, according to the Global Fintech Read More. Venture capital-backed fintech companies in the U.S. saw a drop in both deals and funding volume last year. Fintechs raised $5.5 billion across 422 deals, compared to $7.7
Bank Innovation
JULY 7, 2016
This year to date has seen $161 million invested so far, while 2015 saw a total of Read More. As the summer heats up, blockchain hype may (finally) be cooling down. 2016 will likely see less investment in bitcoin and blockchain technology, but that is true for many other areas, as well.
Bank Innovation
SEPTEMBER 21, 2017
The four CSDs, which will start live operations on SWIFT T2S, marks the last four to move to the network since the migration plan first begun in June 2015. Financial services company SWIFT announced today that it has mitigated four additional capital depositories onto its Target2 Securities, or T2S, network.
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