Bank Innovation

DECEMBER 30, 2016

If nothing else, 2016 was a year of change—nowhere more than in fintech, where developments in blockchain, payments, artificial intelligence, financial regulations, chatbots, and mobile rippled across the space to do what fintech does best—disrupt. With that in mind, let’s take a look back at our top ten fintech headlines Read More.

Fintech 321

Fintech blockchain Regulation Mobile 321

Bank Innovation

DECEMBER 23, 2016

Harit Talwar, Marcus Goldman Sachs has long been known as an enthusiastic investor in fintech (or just tech) startups, with companies like Circle, Cadre, Financeit, Oscar and even Uber. But this year, the company shifted from being a mere investor to joining the fray as a fintech player, announcing Read More.

Innovation 305

Innovation Fintech Company Operations 305

Bank Innovation

JUNE 23, 2016

The list goes on and on, so no wonder this venture capital firm is dubbed Silicon Valley’s “innovation factory.” Pat Grady, General Partner, Sequoia Capital Zappos, Xoom, YouTube, DropBox, Tumblr, are just a few of the companies in Sequoia Capital’s portfolio. Pat Grady – now a partner at Sequoia Read More.

Innovation 225

Innovation Capital Company 225

Bank Innovation

MAY 19, 2016

Stellar, a non-profit organization dedicated to building financial products for underserved customers across the globe, is focusing its innovation efforts in 2016 on Africa’s largest economy, Nigeria.

Innovation 240

Innovation Company blockchain Mobile 240

Chris Skinner

APRIL 6, 2017

I was listening to a financier talking about FinTech the other day, and claiming that they are all sustaining innovations and not disruptive. They were referring to Clayton Christensen’s innovator’s dilemma discussions, where Professor Christensen points to different markets that were destroyed by disruptors.

Innovation 271

Innovation Marketing Industry Regulation 271

Bank Innovation

APRIL 19, 2017

Chinese consumers sent about $3 trillion in payments through Alibaba and Tencent payment services in 2016. According to a new report released by the UN-based Better Than Cash Alliance, users sent $1.7 trillion in […].

Payments 305

Payments Report Online Mobile 305

Bank Innovation

JUNE 23, 2016

Jill Castilla, CEO, Citizens Bank of Edmond Chances are you’ve seen Jill Castilla on Twitter. (Or Or YouTube. Or at a banking conference.) CEO of a $250-million community bank in suburban Oklahoma City, Castilla is something of a sensation in the banking community, and with good reason. Following her bank’s near-death Read More.

Oklahoma City 240

Oklahoma City Oklahoma Innovation Community Bank 240

Bank Innovation

MARCH 2, 2016

Eleven companies were awarded slots in the DEMOvation Challenge, which took place yesterday here at Bank Innovation 2016, our annual first-quarter event. SEATTLE – In the end, it came down to biometrics versus blockchain.

blockchain 150

blockchain Innovation Seattle Software 150

Bank Innovation

FEBRUARY 24, 2016

The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at Bank Innovation 2016.

Innovation 150

Innovation Seattle Fintech Company 150

Bank Innovation

OCTOBER 17, 2016

Mobile banking is the most valuable area of innovation when it comes to consumers, say banks and credit unions—which is probably why that’s the area these institutions are spending the most money on trying to innovate. This is according to Bank Innovation’s annual State of Banking Innovation survey for 2016, Read More.

Innovation 150

Innovation Mobile Survey Bitcoin 150

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.

blockchain 268

blockchain Capital Report Technology 268

Bank Innovation

DECEMBER 23, 2016

Tom Blomfield, Monzo In this age of fintech-rules-it-all, nobody (hopefully) needs an explainer on what a neobank is. specifically has been an epicenter of the mobile-first banks, with Atom Bank, Starling Bank, Tandem Bank and Monzo as the main players. So why single out Monzo? Well, customer retention Read More.

Innovation 231

Innovation Maine Mobile Fintech 231

Bank Innovation

APRIL 4, 2017

billion technology spend in 2016 went to fintech solutions, and given the company’s 2016 results, it seems like money well spent. According to the company’s Annual Report 2016, released today, the bank’s spend on fintech included improving its mobile and digital services. $600 million of JP Morgan Chase’s $9.5

Fintech 252

Fintech Video Mobile Technology 252

Perficient

JUNE 22, 2020

Most recently, he was named Search Personality of the Year (2018) by the Drum US Search Awards, Search Personality of the Year (2016) by the US Search Awards, and Search Marketer of the Year (2016) by the Search Engine Land Awards.

Marketing 500

Marketing Industry US Tools 500

Bank Innovation

AUGUST 21, 2018

These are the three questions Comerica Inc’s EVP and CIO Sangy Vatsa asks himself before every major innovation project. Vatsa joined the Dallas-based Comerica as chief information officer a little over two years ago, in 2016. Since then the bank’s innovation team has consistently […].

Innovation 186

Innovation Dallas Operations Online 186

Bank Innovation

FEBRUARY 16, 2016

That happened long ago — just ask Silicon Valley Bank, a financial institution built to serve the world’s center of innovation. Silicon Valley is coming to banking? Few bankers can claim better knowledge of what the tech giants are up to. Startups, you say? SVB claims it banks a staggering two-thirds Read More.

Community Bank 244

Community Bank Branding Community Innovation 244

Bank Innovation

JANUARY 30, 2018

EXCLUSIVE- Anju Patwardhan, managing director at CreditEase Fintech Investment Fund, has joined the speaker faculty for Bank Innovation 2018, which takes place March 5-6 in San Francisco.

San Francisco 199

San Francisco Innovation Management Fintech 199

Bank Innovation

SEPTEMBER 30, 2016

What is the state of banking innovation today? Each year, we poll the industry to find out. Fintech funding has grown tougher to raise though total volume, because of a few monster deals, may exceed the previous year. Finovate this year pursued many themes that would have been familiar in Read More.

Innovation 150

Innovation Fintech Industry Survey 150

Bank Innovation

APRIL 5, 2017

More than 15 million people were affected by identity fraud in the U.S. last year, according to a recent study by Javelin Strategy & Research. The identity fraud incidence rate increased by 16%, a record high since the company began tracking identity fraud in 2003.

Fraud 284

Fraud Study Strategy Company 284

Bank Innovation

NOVEMBER 25, 2019

Roady, who has been on MoneyLion’s board of directors since 2016, was previously a founding partner at GAIN Capital and president of its global retail brokerage business. She told Bank Innovation that her […].

Innovation 293

Innovation Capital Retail Operations 293

Chris Skinner

JANUARY 25, 2017

Last year, one of my most read blog entries was this one: The top ten trends in banking innovation (February 2016). This was a summary of the top trends in banking innovation, and … The post The biggest innovations in retail banking (research) appeared first on Chris Skinner's blog.

Innovation 150

Innovation Retail Trends Technology 150

Bank Innovation

FEBRUARY 22, 2018

EXCLUSIVE- If 2016 was the year of blockchain in financial services, the boom in cryptocurrency values in 2017 brought the banks’ attention back to the world of tokens and coins. Margaux Avedisian, executive vice president of Transform PR, has been on top of the bitcoin world for years now — centuries in cryptocurrency terms.

Bitcoin 199

Bitcoin Innovation cryptocurrency blockchain 199

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

Millennials 240

Millennials social media Operations Cards 240

Bank Innovation

DECEMBER 22, 2016

Blockchain—possibly the buzziest of buzzwords in 2016. The world saw the rise of new enterprise blockchains, how the technology might be used to transport gold, to safely move perishable items like pork through a supply chain, and most importantly for those of us in the fintech trenches, we saw banks, Read More.

blockchain 150

blockchain Fintech US Technology 150

Bank Innovation

FEBRUARY 20, 2017

China may have taken the top spot in 2016 fintech funding, but it wasn’t the one doing most of the investing. based Innovate Finance, the top fintech investor for the year Read More. While China claimed nearly $8 billion of the total $17.4 billion invested across the world, according to a report by U.K-based

Fintech 223

Fintech Innovation Report Capital 223

PYMNTS

APRIL 3, 2019

According to a report in Reuters , Goldman Sachs is looking to hire engineers to join a digital innovation program. and Germany and has issued $5 billion in consumer loans since launching in October of 2016. The engineers would receive $100,000 in compensation along with access to Goldman Sachs’ API.

Innovation 171

Innovation Apple Strategy America 171

Bank Innovation

FEBRUARY 9, 2018

EXCLUSIVE – Canada is on a five-year plan to revamp its payment infrastructure, as of 2016. Bank of Montreal has tapped real-time solutions provider ACI Worldwide to prepare it for these changes, Bank Innovation has learned. For the U.S., BMO is working with the Naples, Fla.-based

Payments 249

Payments Innovation Operations Online 249

Perficient

FEBRUARY 24, 2021

podcast , we interview Jon Bostock, best-selling author, innovator, co-founder and CEO of Truman’s and learn how brands that innovate will win in a rapidly changing digital-first economy. In 2016, Jon joined fan and light maker Big Ass Fans as its first chief operating officer. In Episode 4 of the What If?

Branding 441

Branding Case Study Digital Strategies Strategy 441

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 increase on H1 2016 deal value, but an 18.5% Global VC FinTech investment attracts $6.5

Fintech 251

Fintech United States US Innovation 251

Bank Innovation

JUNE 28, 2016

Yesterday, a Danish bank introduced a bot for simple queries (and soon, transactions) and earlier this month, San Francisco-based startup Dyme, a member of the Spring 2016 Bank Innovation INV class, released a prototype of a Facebook messenger bot whose functionality mirrors that of Dyme’s SMS-based Read More.

San Francisco 231

San Francisco Innovation Online Technology 231

Chris Skinner

DECEMBER 16, 2016

The standard is meant to guide how open banking data should be created, shared and used by its owners and those … The post Open Banking consultation (deadline December 23 2016) appeared first on Chris Skinner's blog.

Groups 150

Groups Data Digital Banking Innovation 150

PYMNTS

NOVEMBER 22, 2018

There isn’t a lot of room to really innovate the Thanksgiving turkey. In 2016 the firm first rose to national consciousness on Prime Day, when the world met the $70 Instant Pot and hundreds of thousands of people bought one. “I So is this innovation worth investigation? Or is there? The Instant Pot Solution. Dinner On Demand.

Innovation 168

Innovation National New York Maine 168

Accenture

OCTOBER 19, 2016

Once again, Sibos was the place to be to discover, discuss and understand how disruptive innovations are transforming the financial services landscape. Looking at the opportunities amidst the disruption, this year’s conference also further explored the evolving relationship and collaboration. Read more.

Maine 150

Maine Conference Innovation Payments 150

Bank Innovation

NOVEMBER 15, 2016

Every year, Bank Innovation chooses the bank and fintech videos that made us laugh, the ones that made us cry, the ones that made us want to go out and buy baby animals, and of course, the ones that made us go out and better manage our finances (well, we tried.) Read More.

Video 150

Video Course US Innovation 150

Chris Skinner

JULY 3, 2017

There are almost 20 million users of mobile banking across the UK in 2016, making 159 logins every second. million customer-to-bank contacts made using web chat in 2016 – 510 every hour. Video chats are also growing in popularity, up 92% during 2016. Video chats are also growing in popularity, up 92% during 2016.

Mobile 286

Mobile Cards Video Management 286

Bank Innovation

FEBRUARY 1, 2017

The payment network enabled 80 million accounts at yearend 2016, and added five new Read More. When Mastercard fully rolled out its digital wallet last year – into the overcrowded market – it was unclear whether the company would be able reach the adoption goals set out by CEO Ajay Banga. But it did.

Marketing 150

Marketing Payments Company Operations 150

Bank Innovation

FEBRUARY 16, 2017

Venture capitalists were not buying it last year. 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 billion (and 459 deals) in 2015 – a 29% drop, according to the Global Fintech Read More.

Fintech 230

Fintech Capital Company Operations 230