Bank Innovation

JANUARY 5, 2020

Two more consortiums said they submitted bids for digital banking licenses in Singapore as companies, ranging from a massage chair maker to a property giant and Chinese fintech firms, joined forces to go for the sought-after permits. Beyond Consortium, led by one of Asia’s largest massage chair makers, V3 Group Ltd.

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PYMNTS

JANUARY 19, 2021

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. National Australia Bank Chooses Eedenbull. TBI Bank Partners With NETOPIA Payments.

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Chris Skinner

JULY 5, 2018

The battles for the future of fintech The future of financial … The post The battles for the future of fintech appeared first on Chris Skinner's blog. The subsequent article is behind a paywall but, as they sent it across to me, I feel it’s worth sharing here.

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PYMNTS

NOVEMBER 25, 2019

Banks and credit unions are certainly not on their way out, even as they face more pressure from challenger banks, FinTechs and Big Tech in the coming decade. Banks are never going to become obsolete,” VB said, “but they could end up becoming stored value accounts. Banking services could be decoupled from banks.”.

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PYMNTS

APRIL 23, 2020

More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely. The bank is working with technology giants Google and Microsoft to create new cloud-based tools that will use their cloud computing software.

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Digital Banking Security Innovation Google 262

Payments Dive

SEPTEMBER 13, 2018

Suresh Ramamurthi, chairman and CTO of CBW Bank, opened the annual Bank Customer Experience conference with a keynote speech detailing his financial institution's unique journey.

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Digital Banking Conference Customer Experience Fintech 308

PYMNTS

AUGUST 6, 2020

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. ’s Faster Payments real-time payments system.

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PYMNTS

APRIL 27, 2020

One study recently determined that the number of digital banking users is expected to exceed 3.6 billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired. Starting at the Core.

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PYMNTS

APRIL 28, 2020

These shifts have made digital banking and debit transactions more important than ever. Consumers are also avoiding cash out of concern that the virus could linger on physical object and are thus favoring virtual and contactless payment cards instead. Pandemic Puts Digital Banking in the Spotlight.

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Chris Skinner

NOVEMBER 24, 2019

It starts with talking about how Santander can make a difference on climate change with Ana claiming that the bank is voted the most sustainable bank in the world. But when the interviewer, Erik Schatzker, asks her … The post Ana Botin of Santander on FinTech and Blockchain appeared first on Chris Skinner's blog.

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blockchain Fintech Digital Banking Innovation 389

Bank Innovation

MAY 29, 2018

A lot happened in the digital banking world this month, from major events in the payments worlds like PayPal acquiring iZettle for $2.2 Here are some of the important trends that Bank Innovation pulled out of the fintech chatter […].

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Chris Skinner

JULY 21, 2017

The problem is that old systems and legacy technologies stop the bank moving forward into the nimble and agile future on offer today, and this is exactly what FinTech start-ups believe they can exploit as it is clearly a weakness for the large banks. Not bad for a six-year-old start-up.

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Fintech System Technology Apple 361

Bank Innovation

APRIL 9, 2018

EXCLUSIVE – Interested in the latest trends in payments, digital banking, blockchain technology, API, security, big data and all the other hot topics in the fintech space? Come join Bank Innovation’s Telegram Group.

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Innovation Big Data blockchain Trends 360

PYMNTS

JULY 28, 2020

The bank-FinTech collaboration model is often about wielding digital-native FinTech solutions to fit within bank offerings. Kabbage Steps Into Banking. Our answer to the question ‘FinTech or bank’ is: ‘FinTech AND bank.'”

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PYMNTS

OCTOBER 8, 2020

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. In addition, Monese adopted Thought Machine’s cloud banking platform. Fusion Reveals Payments Platform Banks.

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Bank Innovation

JUNE 13, 2017

AUSTIN — Better customer service comes from disruption within, not from trying to change consumer behavior, according to Yolande Piazza, CEO of Citi Fintech. “I I think in fintech we talk a lot about disruption, but let’s be honest—if someone came up to you and said, ‘I want to disrupt your life,’—I don’t think that’s what […].

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Chris Skinner

JULY 11, 2017

After the global financial crisis, they all jumped off it again, and most global, universal banks ambitions are now clipped back to purely being able to support their global corporate clients’ needs. But I was equally struck by a banker who laughs at the idea of a global currency that circumvents banks.

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Bank Innovation

MARCH 1, 2018

According to Malauzai Software, that’s the term used for vendors that “scrape” digital banking apps on the internet to gather data and then provide that data to fintechs. Scrapegators, what’s that? In other words, they are aggregators.

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Fintech Software Digital Banking Data 276

Payments Dive

JULY 2, 2019

The chaos surrounding the looming Brexit deadline is causing some fintechs and digital banks to take precautionary steps.

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PYMNTS

NOVEMBER 9, 2020

This earnings season, the downturn has become apparent as several corporate payments technology players post losses. What's more, the market lull may offer a moment to focus on innovation for the future as commercial payment habits shift — perhaps permanently. Boosting The Banking Experience.

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PYMNTS

AUGUST 4, 2020

Where once the marquee names in tech (and no shortage of FinTechs) jockeyed for primary banking services relationships, an increasing number of partnerships are now taking shape. To that end, BBVA was one of six banks that said on Monday (Aug.

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Chris Skinner

JUNE 30, 2016

I was piqued by Victor Matarranz’s [SEVP Head of Group Strategy and Chairman’s Office, Banco Santander] presentation at MoneyConf last week, mainly because he began by talking about Fintech 1.0 versus Fintech 2.0. Fintech 1.0

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Bank Innovation

JANUARY 10, 2018

EXCLUSIVE—With mobile banking services offered at the majority of financial institutions, innovating the digital space is becoming more important in the fintech ecosystem, especially for smaller players like regional banks or credit unions.

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PYMNTS

JULY 7, 2020

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

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PYMNTS

MAY 22, 2020

From competitors to collaborators, the FinTech boom introduced a field of opportunity for traditional financial institutions to team up with an industry newcomer to become more agile and modern with their own product offerings. On the other hand,” he added, “the pandemic doesn’t just spare FinTechs. Financing Burdens.

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Payments Dive

FEBRUARY 27, 2023

The Seattle-based remittance fintech launched Passbook in 2020. The product, however, hasn’t garnered significant overlap with existing customers, Remitly CEO Matt Oppenheimer said.

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PYMNTS

AUGUST 7, 2020

Payments are everyday occurrences for businesses and consumers, and they have been for thousands of years. Transactions once conducted by trading pieces of gold are now accomplished through digital means, with both parties using cards, wire transfers or even smartphone apps to send or receive funds.

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PYMNTS

OCTOBER 22, 2020

Pat Kelly , chief digital officer of First Horizon Bank, said it was important to provide clients with "a fast, easy and intuitive digital banking experience," for which NCR fit the profile. Plus, leveraging the cloud to deploy digital banking has allowed us to introduce updates more often and innovate faster.

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Bank Innovation

MARCH 13, 2018

EXCLUSIVE - Before social media platform Facebook became a popular channel for digital banks to offer banking features to its customers, let’s not forget that FB was first and foremost an important advertising tool for banks to reach a younger audience. Take British challenger bank Starling Bank, for example.

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Bank Innovation

MARCH 12, 2018

EXCLUSIVE – Swedish PFM firm Tink landed a major partnership with Belgium’s BNP Paribas Fortis, nearly doubling the fintech’s userbase. BNP Paribas Fortis will integrate Tink’s Aggregation, Personal Finance Management (PFM) and Payment Initiation technology into its mobile banking applications.

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Fintech Mobile Digital Banking Management 255

PYMNTS

AUGUST 5, 2020

In retail technology, Yotpo is helping brands capture the digital shift by making a compressed marketing stack for online shopping. 40%: Approximate share of people who would be “extremely” or “very” likely to bring their banking relationships to Big Tech or FinTechs. All this, Today in Data.

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PYMNTS

NOVEMBER 11, 2020

Digital banking and payment processing firm i2c has partnered with Purewrist , a FinTech working in end-to-end contactless payment solutions and wearables, according to a press release. And because i2c offers a global platform, Purewrist now has access to a quick way of getting its products out.

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Payments Digital Banking Fintech US 264

PYMNTS

JUNE 21, 2020

HSBC Hong Kong ‘s new application programming interface (API) will simplify the payment system for businesses down to a one-stop payment hub, a press release says.

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Gonzobanker

JUNE 20, 2024

With the latest scandal entangling fintech middleman Synapse and its partner banks, it wouldn’t be surprising for more bankers to embrace “boring” over “daring,” with executives fearing what could go wrong with banking-as-a-service partnerships or, more broadly, with their fintech pairings. Even fintech founders say so.

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PYMNTS

FEBRUARY 26, 2020

And with a nod toward what might be in the crosshairs, Dimon said that acquisitions would be somewhere within financial services and technology, and decidedly not in traditional banking (read: checking and deposits). Melding financial services and technology yields, of course, FinTech. In the meantime: Let the guessing games begin.

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Bank Innovation

FEBRUARY 2, 2018

As online banking becomes more popular, countries are grappling with cybersecurity. In Denmark, the advent of digital banking also saw almost a 60% jump in card fraud, Bloomberg reported yesterday.

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PYMNTS

NOVEMBER 24, 2020

The pandemic is reshaping banking. Generationally, we’re seeing individuals who maybe weren’t accessing their card accounts or their banking accounts on a regular basis through digital,” he said. Getting Customers Used To More Self-Service.

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