Student loan advice platform Payitoff wins 2020 Ignite DEMOvation
Bank Innovation
MARCH 4, 2020
Payitoff, a white-label platform that provides automated guidance on student loan repayment, won the 2020 Bank Innovation Ignite DEMOvation contest.
2020 Innovation Innovation Strategies 
Marqeta to focus on growing product suite in 2020
Bank Innovation
DECEMBER 24, 2019
If 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory. Marqeta, the card issuing and processing startup supporting the capabilities of large companies like Kabbage and Square, sees 2020 as a big year for payments companies branching out into banking.
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Applications open for the 2020 DEMOvation Challenge
Bank Innovation
DECEMBER 6, 2019
Auto Finance News is excited to announce that applications are open for the 2020 DEMOvation Challenge, which will take place at the Auto Finance Innovation Summit on March 10-11 at the Omni San Diego.
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Student loan advice platform Payitoff wins 2020 Ignite demo contest
Bank Innovation
MARCH 4, 2020
Payitoff, a white-label platform that provides automated guidance on student loan repayment, won the 2020 Bank Innovation Ignite DEMOvation contest. With the win, Payitoff has been awarded an advertising package on Bank Innovation worth $10,000. Rodrigo Suarez, principal of INV Fintech, moderated the startup pitch competition.
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Figure VP Tony Morosini to speak at Bank Innovation Ignite
Bank Innovation
FEBRUARY 27, 2020
Tony Morosini, vice president of banking and payments at Figure, will attend and speak at Bank Innovation Ignite on March 2-3 in Seattle. Morosini will share insights and perspectives on lessons banks can learn from big tech companies like Google, Amazon and Facebook during the fourth session on Monday, March 2.
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Bank Innovation Ignite to focus on digital customer journey
Bank Innovation
DECEMBER 9, 2019
The business of banking is reaching a critical inflection point as ‘challengers’ take market share and incumbents implement strategies to accelerate their digital transformation efforts to enhance customer journeys.
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New Report: 100 CU Execs On The Impact Of The Pandemic On Their Payments Innovation Agenda
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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For 2020, Jack Henry is betting on human-digital delivery for banking
Bank Innovation
JANUARY 6, 2020
Jack Henry, the banking technology provider that specializes in community and regional banks, is expecting banks to increase their human-digital approaches in 2020.
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Varo crosses 1 million customers, with plans to become a bank by 2020
Bank Innovation
OCTOBER 29, 2019
Digital banking brand Varo has 1 million customers, and is pushing ahead with plans to become a nationally-chartered bank early next year, CEO Colin Walsh told Bank Innovation Tuesday.
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Figure VP Tony Morosini to speak at Bank Innovation Ignite
Bank Innovation
FEBRUARY 27, 2020
Tony Morosini, vice president of banking and payments at Figure, will attend and speak at Bank Innovation Ignite on March 2-3 in Seattle. Morosini will share insights and perspectives on lessons banks can learn from big tech companies like Google, Amazon and Facebook during the fourth session on Monday, March 2.
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Risk reduction, API connectivity to gather steam in 2020, say DTCC executives
Bank Innovation
DECEMBER 20, 2019
Executives at the New York-based Depository Trust & Clearing Corporation (DTCC) suggest 2020 will see both of these developments take shape, supported by API connectivity and a heightened sense of security. Mike Bodson, […].
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FIs and fintechs innovate with an eye on SMBs
BankInovation
AUGUST 7, 2020
At the start of the year, Bank Innovation predicted, “if 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory.” But as 2020 would have it, not much is what it seemed at the beginning of the year, with the coronavirus pandemic disrupting the fintech […].
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Big tech Is coming for banking: Experts predict fintech’s 2020
Bank Innovation
DECEMBER 24, 2019
Financial technology startups will enter the next decade with a little more street cred than the last time around. Nearly 60 upstarts focusing on financial services — from Stripe Inc. to Chime Inc. to Plaid Inc. — have garnered valuations of more than $1 billion in recent years, according to CB Insights.
New Digital Experiences Keep Credit Unions Relevant – And Then Some
PYMNTS
DECEMBER 31, 2020
Consumers waited on financial institutions (FIs) to innovate in an odd relationship that put business needs before customers’ needs. A separate study found that 88 percent of credit unions surveyed in early 2020 planned to invest more in such technologies than they had over the previous year. It was all on their timetable. Not anymore.
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Bank Innovation unveils Build as virtual event
BankInovation
JUNE 3, 2020
Bank Innovation is proud to announce the Bank Innovation Build 2020 Virtual Experience, designed to provide industry professionals the insights, strategies and best practices to propel their innovation teams to success. Produced by Bank Innovation and Royal Media, Build will take place Sept. 9 and 10 online.
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PSCU: Owner CUs Saw Rising Debit, Credit Sales Volumes Over The Holidays
PYMNTS
JANUARY 14, 2021
percent year-over-year debit and credit overall same-store sales volume growth among its owner credit unions over the 2020 holiday season, according to a press release emailed to PYMNTS. Payments credit union service organization (CUSO) PSCU reported 11.4
New Report: Square Speaks Out On SMBs’ 2021 Payments Survival Guide
PYMNTS
NOVEMBER 23, 2020
SMBs have responded to public health needs and consumers' new demands by launching innovative, omnichannel approaches to selling items, fulfilling orders and accepting payments. Katie Swett Miller , eCommerce product lead at payment platform provider Square , has observed many SMBs trying different innovation strategies.
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Rebundling of services to continue in 2020, says BMO’s Ben Schack
Bank Innovation
DECEMBER 19, 2019
Throughout 2019, banks continued to partner with startups in their efforts to build multi-service platform offerings. These relationships have been necessary to help institutions evolve their distribution models and enable startups to develop product offerings that meet customer expectations. digital partnerships team in Chicago, is […].
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How Can Financial Services Institutions Better Support Women? – An International Women’s Day Blog
Perficient
MARCH 8, 2023
Not to mention, as of 2020, women control two-thirds of consumer spending, hold 40% of total global wealth, account for 40% of entrepreneurial activity worldwide, and are the main breadwinners in 49% of U.S. The program has 10 courses in topics including business finance, digital marketing, and innovation strategy. households.
6 ways the FDIC is fostering fintech innovation, diversity and inclusion
BankInovation
OCTOBER 1, 2020
The Federal Deposit Insurance Corporation (FDIC) has taken steps to promote fintech partnerships and diversity and inclusion within the financial services industry, both internally at the FDIC and among the institutions it regulates, FDIC Chairwoman Jelena McWilliams said during the LendIt Fintech USA 2020 conference Wednesday.
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Charles Potts: ICBA’s legacy of success
Independent Banker
NOVEMBER 30, 2022
In 2022, ICBA’s award-winning ThinkTECH Accelerator program reached more community banks with innovative solutions and partnerships than ever before. To build on these successes, ICBA announced plans to bring the ThinkTECH Accelerator program in-house with a new, dedicated office based in the innovation hub of Atlanta.
What Legacy FIs Miss About The Need For Cloud-Based Infrastructure
PYMNTS
MAY 29, 2020
The Tracker also analyzes the challenges established FIs are facing to innovate their platforms and why these banks must fundamentally shift their innovation strategies to meet these challenges. Why Cloud Computing Is Critical To Banking Innovation. Developments Around The Cloud Banking World.
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Tom Steyer’s bank to revise auto loan collection practices as defaults mount
Bank Innovation
JANUARY 28, 2020
Beneficial State Bank, founded by 2020 presidential candidate Tom Steyer, is updating its collections policies on the heels of 1,800 defaults by consumers nearly four years after the lender acquired Pan American’s auto unit.
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Bank of America customers sent $27 billion through Zelle in Q1
Bank Innovation
APRIL 15, 2020
According to data released by the bank, supplementing its earnings call today, customers made more than 102 million transactions through Zelle, its peer-to-peer payments tool, during the first quarter of 2020. Paul Donofrio, Bank of America’s chief financial officer, said in a statement that despite the […].
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Centana’s Eric Byunn: The cloud is new territory for many banks
Bank Innovation
JANUARY 6, 2020
For Eric Byunn, partner at Centana Growth Partners, tech innovation that supports an intuitive and personalized banking experience of the future has room to grow. Byunn will speak at Bank Innovation Ignite in Seattle on March 2-3, on a panel entitled “Embedded Finance: The Automation of Everything Financial.”
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Embedded finance’s new frontiers: insurance, health care
Bank Innovation
MARCH 4, 2020
Embedded finance, or the concept of payments and banking being appended to other consumer use cases, is quickly evolving beyond retail and e-commerce, industry executives said at the Bank Innovation Ignite forum in Seattle this week.
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6 ways the FDIC is fostering fintech innovation, diversity and inclusion
BankInovation
OCTOBER 1, 2020
The Federal Deposit Insurance Corporation (FDIC) has taken steps to promote fintech partnerships and diversity and inclusion within the financial services industry, both internally at the FDIC and among the institutions it regulates, FDIC Chairwoman Jelena McWilliams said during the LendIt Fintech USA 2020 conference Wednesday.
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Weekly Wrap: Varo gets FDIC approval, as Curve prepares for US launch
Bank Innovation
FEBRUARY 14, 2020
Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. In this episode, editors discuss the following news developments: The implications of banking startup Varo’s FDIC approval; How U.K. card startup Curve opened a New York City office in advance of its U.S. launch; and Wells Fargo’s […].
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JPMorgan revamps digital strategy team after three leaders exit
Bank Innovation
FEBRUARY 6, 2020
is staking its consumer-banking strategy on digital technology. In 2020, that push will be spearheaded by a new team of executives. JPMorgan Chase & Co.
It’s time for banks to take cues from big tech
Bank Innovation
NOVEMBER 6, 2019
Last week’s Money 20/20 in Las Vegas showcased numerous innovations in financial services, ranging from the launch of Uber Money to Facebook’s continued push for Libra, and the growth of Amazon Pay. But perhaps more interesting was what the conference lacked: fresh ideas and product propositions from incumbents.
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Embedded finance’s new frontiers: insurance, health care
Bank Innovation
MARCH 4, 2020
SEATTLE — Embedded finance, or the concept of payments and banking being appended to other consumer use cases, is quickly evolving beyond retail and e-commerce, industry executives said at the Bank Innovation Ignite forum in Seattle this week.
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Weekly Wrap: Robo-advisors react to the stock market plummet, and Amazon makes a move
Bank Innovation
MARCH 13, 2020
Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, March 13, 2020.
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Banking Automation Summit unveils virtual event format
BankInovation
JULY 8, 2020
Bank Innovation is proud to announce the Banking Automation Summit 2020 virtual experience on Nov. 9-10, an event designed to provide industry professionals the insights, strategies and best practices to automate bank functions.
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Selfridges Named Best Department Store In The World
PYMNTS
MAY 28, 2018
According to Chain Store Age , the criteria for the award include successful development and executions of product, store, online and service innovation strategies; delivery of an outstanding in-store experience; excellent customer service; and strong financial performance. It will retain the title until 2020. “We
Weekly Wrap: Banner week for fintech acquisitions
Bank Innovation
FEBRUARY 21, 2020
Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb.
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Movers and shakers: Notable December hires in fintech and banking
BankInovation
DECEMBER 31, 2020
Financial institutions rounded out 2020 with new faces filling C-suite positions. The post Movers and shakers: Notable December hires in fintech and banking first appeared on Bank Innovation. Here are the most notable December hires: WSFS taps new […]. Here are the most notable December hires: WSFS taps new […].
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Retail Banking Year in Review 2020: A Reflection in 20 Charts
The Financial Brand
JANUARY 3, 2021
A look at the digital banking trends of the last year provides a perspective for future strategies and organizational changes. The post Retail Banking Year in Review 2020: A Reflection in 20 Charts appeared first on The Financial Brand.
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How to Make Your Financial Institution Digital-First in 2020
The Financial Brand
JANUARY 1, 2020
The post How to Make Your Financial Institution Digital-First in 2020 appeared first on The Financial Brand. Choose the right digital future for your bank or credit union. Then organize staffing, budgeting and partnerships. Then hold onto the reins.
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Innovation in Digital Banking: There’s no substitute for real-world experience
Banking 2020
MAY 12, 2015
Specifically, it taught me about customer empathy and experimentation as two good tools to use in innovation. Personal Innovation: You see, I used to be quite unhealthy, living on a steady diet of junk food matched with no real exercise regimen. It builds on innovation and engages the member more effectively. But it worked.
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Euromonitor: Consumers don’t trust business to handle data
BankInovation
JUNE 30, 2020
According to Euromonitor International’s Digital Consumer Survey 2020, which came out this week, just under 30% of consumers agree most companies handle sensitive consumer data responsibly. It seems consumers still haven’t come around to trusting business with their digital security.
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Weekly Wrap: Brand intimacy problems, and Citizens transforms its core
BankInovation
JUNE 26, 2020
This week, MLBM released its 2020 Brand Intimacy Study. Financial services ranked 11th out of 15 industries when it comes to emotionally connecting with customers. Citizens Bank, meanwhile, is transforming its technology core through a data-driven personalization engine.
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Forrester: Pandemic to impact tech spend more than 2008 crisis
BankInovation
JUNE 8, 2020
government and business spending on tech might drop 5% in 2020 due to the pandemic, by optimistic estimates, whereas the 2008 financial crisis spurred a 2% drop, according to Forrester Research.? “The The pandemic’s effect on tech budgets is not only more than the 2008 financial crisis, but might also have a lingering effect on […].
Choosing the right chatbot vendor
Insights on Business
JUNE 5, 2018
According to Gartner , “twenty-five percent of customer service and support operations will integrate virtual customer assistant (VCA) or chatbot technology across engagement channels by 2020.” ” But not all chatbots are created equal. How well does the vision align with current customer trends and future customer needs?
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Are New Jersey and South Dakota becoming the new tech hiring hotspots?
BankInovation
AUGUST 28, 2020
According to the Mendix 2020 Software Developer Drought Index, counties in New Jersey, South Dakota and Mississippi have the largest gaps between tech jobs and available talent. “The Tech hiring is no longer confined to Silicon Valley.
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