Bank Innovation

FEBRUARY 19, 2019

The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. Community Capital Technologies, Denizen Financial, Diro Inc., The startups are:[link] Avocado Payments, Budgit Inc., Exagens Corp., Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI

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Innovation Community Capital Fintech 240

PYMNTS

OCTOBER 14, 2020

And sellers are adopting biometric-based verification and artificial intelligence (AI) technologies to attract shoppers and keep fraudsters away. 18.7%: Portion of consumers who will spend more this holiday season than they did in 2019. 18.7%: Portion of consumers who will spend more this holiday season than they did in 2019.

Retail 227

Retail Technology Trends United States 227

Bank Innovation

DECEMBER 21, 2018

Ben Savage, partner at the Los Angeles-based Clocktower Technology Ventures, told Bank Innovation that the flourishing fintech ecosystem holds both risks and opportunities for banks, […]. There are startups that want to destroy banks and startups that want banks to buy their software.

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Los Angeles Fintech Software Innovation 210

PYMNTS

SEPTEMBER 14, 2020

But the one thing that might work is taking a page from the innovation playbook that Netflix seems to have written and followed over the last 22 years. Between 2008 and 2019, the DVD rentals market dropped like a stone. In the book, he freely admits that his formula might not work for every company. I Don’t Want To, But I Have To’.

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PYMNTS

JUNE 26, 2019

That said, we are now at the six-month mark of 2019, and a new decade looms. To get a sense of the most significant seismic shifts that have pushed payments innovation inexorably ahead through the past 10 years, as well as what lies over the horizon, PYMNTS queried 29 C-level executives with a collective thumb on the pulse of innovation.

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Innovation Payments Analysis blockchain 206

PYMNTS

APRIL 24, 2020

Some have added support for in-branch digital technologies such as video banking screens and upgraded ATMs to minimize in-person contact while making sure customers’ needs are met, for example. Digital Technologies Under COVID-19. British FI Nationwide U.K. Several U.K.

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Technology ATM Video Tools 248

Bank Innovation

JUNE 21, 2019

Dominic Venturo, executive vice president and chief innovation officer at U.S. Bank, said 5G cellular network technology can be the catalyst that will bring more internet-of-things (IoT) applications into the banking world. The focus of the innovation group at U.S.

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PYMNTS

AUGUST 13, 2020

By comparison, the first 3-D Secure (3DS) technology provides consumers with a user experience marked by lengthy times for processing and verification. A 2019 LexisNexis study found that overall retail fraud attempts increased by two times year over year and three times since 2017. seconds on average through EMV 3DS.

Technology 248

Technology User Experience Fraud Comparison 248

PYMNTS

FEBRUARY 27, 2019

These market conditions may not seem ripe for FinTech innovation, but where there are challenges, there are opportunities. Michael Sassoon, CEO of banking and technology firm Sasfin , recently told PYMNTS about some of the country’s biggest hurdles in small business FinServ — and what technology innovators hope to do about them.

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Technology Industry Innovation Big Data 190

PYMNTS

JANUARY 1, 2019

But relatively high stock prices and access to more capital remain prime temptations, and there is little doubt that 2019 will bring more than few exciting — and telling — IPOs. Here are the five potential IPOs related to payments, commerce and digital technology that could happen within the next 12 months.

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Payments social media Analytics Capital 223

PYMNTS

DECEMBER 22, 2020

Many firms are eying new technologies that could accelerate their global B2B transactions amid these shifts. They will need to continue innovating these processes to stay on top of shifting B2B trends worldwide. trillion reported in 2019. BoxFox On Why Order-To-Cash Innovation Is Key For Businesses Expanding Globally.

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Innovation Cards Payments Study 237

PYMNTS

JANUARY 27, 2021

Banks’ use of such innovations is predicted to expand, too, with 60 percent of FIs saying they aim to gain customers and improve customer experiences using digital channels. One study found that the use of malicious botnets to register false accounts increased by more than 70 percent in Q3 2019, for example.

Security 213

Security Innovation Fraud Study 213

PYMNTS

MARCH 17, 2020

The 2020 Credit Union Innovation Index , conducted in partnership with PSCU , found that over 20 percent of members would drop their current CU over lack of innovation. The share of CU members reporting they were willing to change primary FIs over insufficient innovation increased by 4.6 percent between 2018 and 2019.”.

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Innovation Study Operations Examples 159

Perficient

JANUARY 12, 2021

In 2019, Gartner projected that over 100 million customers would be shopping with AR in 2020. It seems that businesses and customers truly are at a new inflection point with this technology and opportunities are available for brands. So, is now the time for AR? Giving the Consumer Control. So, is this the year of AR breakthrough?

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Customer Experience Branding Video Online 538

PYMNTS

MAY 1, 2020

The presence and curation of FinTechs is growing … and we are leveraging the technologies offered by FinTech players to enhance customer experience. The FSS understands that innovations often lead to heightened systemic, operational and cyber risks, as well,” he noted. “[It] 18, 2019, Choi continued. “Similar to the U.K.

Innovation 245

Innovation Regulation Digital Banking Security 245

PYMNTS

FEBRUARY 5, 2020

FinTechs are keeping an eye on emerging technologies at the beginning of the year — and predicting how they will impact business-to-business (B2B) payments in 2020. Praeger said it was forecast that the industry would see a decline in merger and acquisition activity in 2019.

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Fintech Innovation Payments blockchain 238

PYMNTS

MARCH 7, 2019

It might be the case that 2019 takes shape as a watershed year for payments regulation, marked by PSD2 and GDPR. However, the way payments innovation is pursued — and becomes reality — is changing, too. Stakeholders in the financial services and payments arenas are navigating new rules about how data is collected, stored and shared.

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ATM Innovation Payments blockchain 194

PYMNTS

DECEMBER 21, 2020

These transformational shifts are, in turn, affecting how quick-service restaurants (QSRs) engage customers as the health crisis limits their in-person dining offerings and forces them to fast-track planned digital innovations. Around The Order To Eat Space. Digital orders grew by 138 percent year over year in Q3, for example.

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Customer Experience Innovation United States Survey 301

PYMNTS

JULY 31, 2019

Even in 2019, there persists this idea in the mainstream that invention stems from the epiphany and late-night toil of the solitary scientist. The FinTech moment is just beginning — much more innovation is certain to come, along with the funding and partnerships that will fuel those pushes. And that’s where we come to FinTech.

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Fintech Innovation US Payments 192

PYMNTS

JULY 13, 2020

Indeed, just as SMBs have fast-tracked their own digitization efforts, their financial technology partners have also found the current climate to be an opportunity to accelerate innovation and roll out new services to support their merchant and consumer users. Innovation On The Fast Track. The Bigger PayPal Picture.

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Innovation Online Community social media 184

Perficient

JULY 30, 2020

READ MORE: Perficient Celebrates Women in Technology. Recently, Perficient’s colleague-led Women in Technology group hosted a Lunch and Learn event discussing self-advocacy and shared advice on how to work towards confidence. BONUS: Sitecore Symposium 2018: Empowering Women in Technology.

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Boston Community Resources Technology 452

Bank Innovation

APRIL 27, 2020

Louis-based Midwest BankCentre, gained $130 million in deposits in 2019. With the success of the stand-alone digital bank, which launched in January 2019, Midwest BankCentre is now incorporating new technologies into its traditional online banking. Rising Bank, the digital offshoot of St.

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St. Louis Digital Banking US Online 259

PYMNTS

JULY 23, 2020

Many consumers in the United States were confident in their financial stability at the end of 2019, but this came to an abrupt halt by the end of 2020’s first quarter when COVID-19 was declared a pandemic. So, how are CUs changing their card innovation plans to match their current members’ demands and attract new potential members?

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Innovation Report Cards California 174

Perficient

APRIL 14, 2022

The connection between technology and consumers in the insurance industry has never been more relevant. Although the insurance industry was already facing rising competition and customer expectations, the global pandemic forced our industry to take legacy processes and technologies, and transition to “digital” seemingly overnight. .

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Strategy Tools Industry Data 332

PYMNTS

DECEMBER 28, 2018

Partnerships, joint ventures, as well as merger and acquisition (M&A) activity between banks, startups, payments firms, technology conglomerates and everyone in between became a popular strategy for tackling friction. Here are some of the biggest stories of B2B payments collaboration from 2018. Visa Acquires Longtime Partner Fraedom.

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Innovation Fintech Payments Management 184

Bank Innovation

MARCH 20, 2019

It’s time to move beyond merely presenting data and toward helping customers take informed action on their finances with that data, according to Jonas Karles, co-founder and COO of Minna Technologies, a PFM provider for subscription and recurring payment management. We've done the pie chart thing,” he told Bank Innovation. “We

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Management Innovation Data Technology 267

Perficient

JULY 30, 2020

Louis colleagues celebrated the Stanley Cup win in 2019. Colleagues now engage in philathropic and social activites through technology like video calls, Microsoft Teams , and social media. This past year showed the resilience of Perficient’s business and colleagues. A Company with a Great Culture and the People to Prove it.

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St. Louis Missouri Minnesota social media 530

PYMNTS

MAY 19, 2020

Voice assistant technology already had an audience even before the coronavirus outbreak gave it a big boost, as it has now radically reshaped consumer habits and preferences on a global scale. Other common uses included making phone calls, managing schedules and running a person’s smart home technology. Chatting More Often With AI.

Technology 205

Technology Millennials Retail Report 205

PYMNTS

OCTOBER 19, 2020

New cloud-based technologies have shown much promise in securing cross-border payments and making them faster and more transparent. The SWIFT network processed $77 trillion in cross-border transactions in 2019, accounting for approximately 60 percent of all cross-border transactions.

Technology 193

Technology Payments Security Survey 193

PYMNTS

NOVEMBER 25, 2020

billion in the first three quarters of 2020, which is 20 percent more than the same period in 2019. We’re operating at this intersection of finance and technology, which are both industries that are woefully underrepresented by women in the first place,” Alaina Sparks , a managing director and the U.S.

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Fintech New York Innovation Industry 288

PYMNTS

APRIL 23, 2020

In the inaugural Digital Banks And The Power Of The Cloud Tracker® , PYMNTS examines how cloud-based tools are becoming part of banks’ digital transformations worldwide and how they are overcoming obstacles that can come with implementing these technologies. The acquisition was finalized in July 2019 for $34 billion.

Digital Banking 262

Digital Banking Security Innovation Google 262

PYMNTS

MAY 27, 2020

Amazon is in talks to buy self-driving car startup Zoox in a move that would advance the eCommerce giant’s reach in autonomous vehicle technology, according to a Tuesday (May 26) report in the Wall Street Journal (WSJ), citing sources familiar with the matter. Amazon has established a team devoted to driverless vehicle technology.

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Las Vegas San Francisco Technology Innovation 245

PYMNTS

FEBRUARY 17, 2020

Brick-and-mortar retailers are bringing smaller-scale, cutting-edge technology to city locations. In eCommerce, Wine.com had a banner 2019, and the company expects more customer experience improvements in 2020 as they aim to engage a new generation of wine connoisseurs.

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Innovation Customer Experience Data Retail 160

PYMNTS

FEBRUARY 12, 2020

According to the 2019 edition of the FBI’s Internet Crime Report , last year was both a lucrative and diverse year for cybercriminals and scammers. billion (or slightly over half) of all losses tracked in 2019. There were almost 24,000 complaints in 2019 and, according to the FBI, each successful attack costs roughly $75,000.

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Fraud Handbook Security Comparison 253

PYMNTS

SEPTEMBER 29, 2020

The company launched in 2019 and had a seed round then for $2.7 The company was formed by CEO Francis Plaza , Chief Operating Officer Edwin Lacierda , Chief Technology Officer Jaimie Hing and Chief Growth Officer Luis Sia. With the new funding, PayMongo now has a total value of $15 million.

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Payments Capital Online Meeting 300

PYMNTS

APRIL 13, 2020

“As a globally recognized leader in B2B product innovation, WEX sets a standard in the industry with their market-leading technology capabilities, agility in the marketplace and people-first culture,” said Aquilina. “I WEX processed nearly $40 billion in transactions globally on its platform in 2019.

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Payments Portland Strategy Innovation 239

PYMNTS

MARCH 3, 2020

As part of a broader effort to bring the newest innovations to its operations, the National Bank of Fujairah PJSC (NBF) has teamed with blockchain firm Ripple to enable cross-border payments via the RippleNet platform. The technology allows the bank to tap into Ripple ’s cross-border network and improve its user experience.

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