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
JUNE 23, 2016
Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world. Launched in 2014, Ant Financial Read More.
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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 […].
Bank Innovation
FEBRUARY 29, 2016
In a sign of the times in consumer lending, Auto Finance News today announced the launch of Auto Finance Innovation 2016, a new industry forum to explore the fintech revolution and how it is reshaping automotive lending and leasing.
Bank Innovation
JUNE 15, 2016
Bank Innovation Israel 2016 registration has officially opened today. The only Western fintech event in Startup Nation, the 2016 Bank Innovation Israel will take place 1-3 November at the Dan Tel Aviv. The event is presented by Bank Innovation, one of the world’s leading fintech blogs.
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.
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.
PYMNTS
DECEMBER 24, 2020
When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. They and others have succeeded because they entered the market independent of traditional retail, and because their business model fit the needs of the pandemic.
Bank Innovation
JANUARY 26, 2018
launched its Marcus digital bank in late 2016, the conventional wisdom was the investment bank wanted to expand into retail banking. EXCLUSIVE— When Goldman Sachs & Co. But, apparently, that’s not the whole story. Marcus, it seems, is an asset pricing play, Goldman’s CEO implied yesterday.
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 […].
PYMNTS
NOVEMBER 10, 2020
The David’s Bridal application was built by Vertebrae , a tech company that specializes in bringing real-world applications to retailing. Vince Cacace , CEO of Vertebrae, told PYMNTS that AR in 3D has become a high-demand technology for all kinds of products and retailers. “We How does it work in my space? What are the details?
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 […].
Perficient
FEBRUARY 24, 2021
In a world where retail has changed and consumers remain at home, how do brands reimagine the task of getting products to customers? 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.
PYMNTS
JANUARY 24, 2020
But no matter the case, music is a big part of the retail world, and is helping to create new harmonies of innovation and disruption. Apple isn’t the only band on the radio when it comes to changes in music retail in early 2020. Others don’t. New Partnerships and Services.
PYMNTS
DECEMBER 30, 2016
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Here is the response from Florin Arghirescu, SVP of business relationships and innovation at Synchrony Financial ….
PYMNTS
SEPTEMBER 6, 2017
But what hasn’t been so deeply explored is how that technology can help food producers and retail firms collaborate more deeply, helping both succeed and strengthening the industries that power them. In 2016, overall retail sales climbed just 2.1 In 2016, overall retail sales climbed just 2.1
Bank Innovation
NOVEMBER 4, 2016
TEL AVIV — PayKey, an intriguing Israeli startup that lets banks offer payments on any social media platform — and we mean any — won the demo contest at Bank Innovation Israel 2016 here this week. PayKey beat out 12 other finalists at the DEMOvation Challenge at Bank Innovation Israel, Read More.
PYMNTS
SEPTEMBER 14, 2018
Luxury style and quality brands, offered at a more middle-class price point and sold directly to consumers, is increasingly crowded terrain in apparel retail. Or, perhaps more accurately, through tactics that are so traditional they are surprising to see in a modern retail context.
Chris Skinner
JULY 5, 2017
One of the first to be contactless and, more recently, one of the first to offer social retail banking. If nothing else, I love Turkey for their cheesy adverts: In this latest update BKM, the ACH for most of the retail banks, provides the story of Troy, the first and only national payments scheme of Turkey.
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.
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.
Bank Innovation
JANUARY 10, 2017
Avin Arumugam, senior vice president of the Internet of Things at Visa, has joined the speaker faculty for Bank Innovation 2017, which takes place March 6-7 in San Jose. Arumugam was at JPMorgan Chase for four years prior to his starting at Visa in May 2016. Recent video footage also Read More.
PYMNTS
FEBRUARY 3, 2020
Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before. To get their shopping jobs done, consumers are now hiring retailers that make it convenient to do business – anywhere, anytime, through any channel and on their terms. But it’s more than that.
Bank Innovation
DECEMBER 18, 2018
In retail that happened some time ago — for example, consumers not only expect to be able to shop in person or online, they expect to be able to view merchandise in stores and purchase it online (or […].
PYMNTS
OCTOBER 11, 2019
And, in digital banking, banks are innovating with their strategies for fraud protection and anti-money laundering (AML). 96 percent: Share of retail banks that plan to develop services focused on real-time payments by 2020. sales the athleisure market generated as of 2016. sales the athleisure market generated as of 2016.
PYMNTS
JULY 22, 2020
Li first came up with the idea for Popshop in 2016 and it launched in beta in 2019. It’s typically lower with mobile eCommerce compared to desktop, which is very interesting, because when you look at some of the new mobile innovations like Uber, you see more value – there’s no limit in terms of time or location.
PYMNTS
AUGUST 28, 2019
So-called Generation Z is also driving much of the innovation when it comes to retail. To reach consumers on the hunt for offerings that are “clean and natural,” the retail chain rolled out its Everspring household brand. And six in 10 shoppers said it factored into their decision of where to transact, Retail Dive reported.
Bank Innovation
FEBRUARY 23, 2016
We are proud fintech nerds, and for five years we have marked the Coolest Brands in Banking on Bank Innovation based not on the type of sunglasses worn by a CEO, but on the Read More. When we think of cool, James Dean doesn’t immediately come to mind. The app Songsterr does.
PYMNTS
MARCH 31, 2020
High-level market intelligence about the $18 billion expected to be invested over the next three years is a major focus of the March 2020 Automated Retail Tracker™ from PYMNTS , which serves as a bimonthly breakdown of developments in this rapidly growing business sector. Amazon Go’ Cashless. And Amazon and 7-Eleven aren’t alone.
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.
PYMNTS
FEBRUARY 20, 2020
And while not every effort has been a world-beating success, unlike many of its fellows in the world of brick-and-mortar retail, it certainly can not be said that IKEA has failed to be proactive in the face of a rapidly shifting commerce ecosystem. If that is the case, well, successful ideas in retail have a habit of being contagious.
Bank Innovation
NOVEMBER 1, 2019
A payments platform created by India’s largest retail banks surpassed a billion transactions in October, a milestone that affirms the tremendous growth of services offered by U.S. Indian digital payments took off when the government pushed demonetization in 2016, invalidating most of the country’s high-value currency notes in […].
PYMNTS
JULY 26, 2017
Talking about retail and not mention Amazon these days is a difficult thing to do. The eCommerce company has grown significantly in the past few decades, and we’ve started to see the physical impacts of its innovative force on other retailers. How are all of Amazon’s actions having an effect on the retail industry?
Chris Skinner
JULY 25, 2017
Housed at the World Bank, CGAP’s mission is to improve the lives of poor people by spurring innovations and advancing knowledge and solutions that promote responsible, sustainable, inclusive financial markets. Photo credit: Ady Agustian, 2016 CGAP Photo Contest Plenty of transactions are already offered for free.
PYMNTS
JULY 25, 2017
Within the retail industry specifically, artificial intelligence (AI) is moving the ball for a lot of merchants looking to not only streamline their business operations but provide a more personalized experience for consumers. In 2016, online financial fraud hit 15.4
PYMNTS
MARCH 16, 2018
Ever since 2013, when Amazon CEO Jeff Bezos said the eCommerce giant was working on a 30-minute drone delivery program called Prime Air, people have been saying that delivery is the big retail use case for drone technology. Domino’s furthered the point by delivering a pizza by drone in 2016. Patent and Trademark Office.
PYMNTS
DECEMBER 28, 2020
The first were the Pepsis, Heinzes and Krafts that either didn’t like their retail distribution or saw a pandemic-driven opportunity to get new products in new configurations to the consumer. Its eCommerce business has jumped 35 percent each year since 2016. That group is more exciting. Last year, it began selling at Walmart.
Bank Innovation
APRIL 28, 2016
Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class.
PYMNTS
JUNE 20, 2017
For Mikhail Ivanov, CEO of the Russian machine learning and artificial intelligence company NTechLab (which created FindFace), that’s no reason not to innovate. But there’s a lot of untapped potential in other verticals, particularly retail. Retail needs some help. We have to regulate how to use it in the future.
Insights on Business
NOVEMBER 29, 2018
Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. In 2016, the IBM Institute for Business Value teamed up with the Economist Intelligence Unit to interview global bankers. Drivers for Operational Innovation.
Bank Innovation
DECEMBER 2, 2016
The personal lending space in the United States, conservatively estimated to be around $3 trillion in 2016, is seeing continued disruption. One of the latest innovative offerings in the lending space comes from a traditional investment bank: Goldman Sachs has looked to expand its presence in the retail banking space Read More.
Bank Innovation
FEBRUARY 16, 2016
BBVA has a lot more going on than Simple, cool as that acquisition was. 2015, CEO Francisco Gonzalez said, “Some bankers and analysts think that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. I disagree. What is more, Read More.
PYMNTS
JANUARY 31, 2017
Whereas the latter half of 2016 saw a downward spiral in retail stocks, Ulta was the ray of light shining through with a 38 percent stock surge. It’s no doubt the selfie generation is the main contributing to this retailer’s successful year. What makes Ulta different are its view toward the future and gift for innovation.
Bank Innovation
AUGUST 17, 2017
in 2016, according to a recent report by PULSE. According to the 2017 Debit Issuer Study released earlier this week, debit card transactions were at a record high in 2016, with 23.6 Mobile wallets may be all the buzz, but debit cards were still the most popular of payment method in the U.S. transactions per […].
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