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
SEPTEMBER 12, 2017
Jack Ma, Alibaba’s founder, has long planned on launching facial recognition technology for the company’s payment app, Alipay. He first revealed his commitment to the development of this technology at a CeBit Conference in 2015, when […].
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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 […].
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.
Bank Innovation
MARCH 9, 2016
deal sizes in 2015, a new report from KPMG and CB Insights shows. Global fintech funding skyrocketed in 2014 and 2015, but tapered off in the fourth quarter of 2015, with the implication that 2016 won’t be so sweet, according to the report. Asian fintech deal sizes dwarfed U.S. But yesterday’s Ant Read More.
PYMNTS
OCTOBER 2, 2017
Since opening their first store in Palo Alto, California, in 2015, b8ta has aimed to offer just such an experience: the ability to snap up tech products that might otherwise be hard to find — and buy anyplace but online. And whatever retail technology they sell in terms of profit, they keep.
Chris Skinner
MARCH 22, 2017
I blogged a year ago about TechFin, the incumbents’ view of applying technology to existing banking services, versus FinTech which seeks to transform the financial system. TechFin is to rebuild the system with technology. What we want to do is to solve the problem of a lack of inclusiveness.”
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.
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. Two in particular, he said, are technology and payer habits. “It’s It’s a combination of both,” Sapenaro said.
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
FEBRUARY 4, 2019
. “While their contribution has grown at a slower rate than that of large businesses, small businesses continue to be at the forefront of driving innovation, jobs and economic growth.” ” However, as SMBs drive innovation for the U.S. trillion in 2015, the report said.
Abrigo
APRIL 14, 2017
Experts agree that while commercial lending is a critical banking service, it has been one of the least automated and technology-reliant aspects of banking today. A credit risk manager at one bank with $900 million in total assets estimated that her team received approximately 8,220 tax returns in the 2015 calendar year.
PYMNTS
JANUARY 22, 2020
Three words are driving dramatic technological changes in the fast food space: quality, convenience and speed. Restaurant operators are doing their best to satisfy those demands, spending billions on sophisticated, innovative solutions that improve experiences for customers who are dining in or ordering delivery or pickup. million 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.
PYMNTS
JANUARY 28, 2020
CUs are also leveraging the latest technologies, including cloud computing, to continue fostering the relationships with their customers. Though cloud computing still has its teething issues, CUs are exploring a middle ground between public and private cloud servers to determine the best way to harness this technology. million in 2019.
PYMNTS
NOVEMBER 19, 2019
500,000: Number of Instagram followers Flat Tummy had on its own in 2015. And Nike recently announced it will no longer sell its wares on Amazon, following an increasing eCommerce trend where firms sell directly to consumers instead. All this, Today in Data. 2017: The year Nike launched a limited program to sell with Amazon.
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.
PYMNTS
OCTOBER 12, 2018
The innovation economy requires more than caffeine and collaboration for fuel. WeWork also wants to make a bigger name for itself as an enabler of innovation. Its founders, three sisters from San Francisco, turned down Mark Cuban’s $30 million offer to buy the startup in 2015. Innovation Program. Innovator Awards.
Bank Innovation
JULY 7, 2016
2016 will likely see less investment in bitcoin and blockchain technology, but that is true for many other areas, as well. 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.
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
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
APRIL 14, 2017
Over the past two years, the transaction volume in the financial technology and information technology sectors remained relatively flat. According to the investment bank Berkery Noyes, there were 870 financial technology and information industry M&A transactions from the beginning of 2015 through to the end of 2016.
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
MARCH 18, 2019
That’s according to CoinDesk , which cited Gulru Atak, head of Citi’s Innovation Lab, as saying that after working on a cryptocurrency since 2015, the bank came to the conclusion that while the technology had potential, there were other ways to improve payments.
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. Uber’s Move.
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
JULY 21, 2020
A panel established to grow the United Kingdom’s (UK) financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). billion) in venture capital and the market has been estimated to have grown by nearly 70 percent since 2015. billion pounds ($5.2
Accenture
JULY 6, 2015
In the Accenture Technology Vision 2015 for Banking, we explore five digital trends that reinforce our strategy for banks to become Everyday Banks. The first trend we explore is the Internet of Me. We know that personalized experiences are a. Read more.
Celent Banking
OCTOBER 19, 2015
Here are mine: Banks are fully aware of the threat of posed by technology and are beginning to act on it. Two technology vendors I spoke to said that every single bank they met with asked about blockchain, an extraordinary change from six months ago when it was only beginning to be seriously discussed.
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
JANUARY 24, 2020
Italian postal service Poste Italiane is introducing a new payments technology in an effort to attract more domestic small businesses, according to a report by Reuters. Poste Italiane’s new technology will be based on QR codes , which let buyers pay for things using their phones without the use of a POS terminal.
PYMNTS
OCTOBER 8, 2019
Cotten didn’t file personal tax returns for 2014, 2015 or 2017 and his 2016 return didn’t report any income from Quadriga, and Robertson’s tax returns from 2015 and 2016 showed income of less than C$60,000 a year, while in 2017 there was income of less than C$5,000 — but none of it from Quadriga.
PYMNTS
NOVEMBER 8, 2019
Innovations — some more fantastical than others — keep emerging, though. Last month, global payments solution SnapPay announced the rollout of facial recognition payment technology for North American merchants. The technology gives users greater convenience and security when shopping at mainstream retailers. Vein recognition?
PYMNTS
JANUARY 22, 2018
More important, perhaps, than the innovations they made on behalf of their more famous lead players, was how their contributions accelerated those innovations’ time to market. Innovation in payments and commerce has an unsung hero, too. And who will influence how innovation happens. Distribution. And now, Amazon.
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.
PYMNTS
MAY 3, 2020
A lawsuit against Uber alleges that the company engaged in deceitful practices to drive its competitor Sidecar Technologies out of business in 2015, according to Reuters. The lawsuit by SC Innovations, Sidecar’s successor, has been allowed to go forward by Judge Joseph Spero in San Francisco.
PYMNTS
AUGUST 13, 2019
The cross-border investment and asset management firm China Everbright Limited is leading a $283 million Series C1 funding round for Terminus Technologies, Deal Street Asia reported on Tuesday (Aug. Artificial intelligence provider Terminus Technologies will use the money for further development and additional staffing.
PYMNTS
SEPTEMBER 6, 2017
Although many people equate blockchain technology with the banking and computer worlds, the technology is changing the food landscape as well. Battling Amazon’s ultra-efficient supply chain with the new blockchain technology could be just what retailers and food producers need to help keep pace with the online retail giant.
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 (..)
PYMNTS
FEBRUARY 7, 2020
Warehouses, though still manually operated, are in need of more automation and robotics technology to accommodate the massive challenges and demands created by the prevalence of online platforms. Among Nike’s other innovations was last year’s foray into blockchain-compatible sneakers.
PYMNTS
MAY 30, 2017
This buy represents First Data’s biggest acquisition since going public in 2015. This transaction is consistent with our strategy of integrating and scaling innovative technologies across our distribution footprint to better serve our partners and customers,” Frank Bisignano, First Data’s chief executive, said in a statement. “We
PYMNTS
MARCH 27, 2019
Mobvoi was previously valued at $300 million in a financing round that Google led in 2015. The company will use the money for expansion and new products, from dashboard platforms to car mirrors with smart technology. It will also help Shanghai become an international financial center, as well as a hub for technology innovation.”.
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