Bank Innovation

AUGUST 14, 2019

When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders. European fintech companies raised $3.3 Its latest fundraising gave Klarna, which facilitates online installment payments, a $5.5

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Bank Innovation

SEPTEMBER 23, 2019

Tom Eck, Global Chief Technology Officer of Industry Platforms at IBM, told Bank Innovation that the number of startups in Catalogue is a result of significant effort on the part of the technology […].

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Bank Innovation

OCTOBER 24, 2019

Technology and the rise of fintechs have called into question almost every traditional banking model, requiring banks to either adapt or be left behind. In today’s digital age, some banks have been slow to innovate or to create a more […].

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Bank Innovation

SEPTEMBER 29, 2016

A host of new speakers joined Bank Innovation Israel 2016 in recent days. We’ve also revised the agenda to provide a deeper understanding of the current fintech market. Specifically, we’ve added a session entitled “Corporate Innovation Strategies,” which will explore the intersection between fintech and traditional banking.

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Bank Innovation

APRIL 7, 2020

In a year of major fintech acquisitions, SoFi today announced a $1.2 Together with Galileo, we will partner to build on our companies’ strengths to drive even greater financial technology innovation, making those products and […].

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PYMNTS

MAY 29, 2020

Financial institutions (FIs) have been adapting their platforms and technologies to better suit the needs of more digital consumers for decades, but the coronavirus has placed new importance and pressure on accelerating these efforts. Developments Around The Cloud Banking World. Developments Around The Cloud Banking World.

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PYMNTS

JANUARY 18, 2019

For corporations that want to stay ahead of the competition, innovation is a must, but developing and supporting a payment solution can prove challenging. Instead, many rely on their FIs to create this kind of technology, which presents these institutions with a number of hurdles. Flexible and Far-Reaching .

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User Experience Innovation Strategies Payments System 189

BankInovation

DECEMBER 14, 2020

INV Fintech, Bank Innovation’s sister accelerator, today released its new platform designed for financial institutions to more effectively discover fresh startup technologies, strategies and products. INV Fintech Discovery is […].

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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.

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BankInovation

JUNE 25, 2020

A recently launched fintech consortium in Greater Sacramento is already generating partnerships between local technology providers and financial institutions.

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PYMNTS

JULY 23, 2020

This is just one of many questions PYMNTS, in collaboration with PSCU , set out to answer in the Credit Union Innovation Playbook: Card Trends Edition. We surveyed 3,098 consumers, 100 CU decision-makers and 50 FinTech executives from across the U.S. Moreover, 89.4 percent between February and May.

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Innovation Report Cards California 174

Bank Innovation

NOVEMBER 15, 2019

While large consumer-facing fintech companies like Square, Klarna, Affirm and others tout speed and efficiency of their user experiences, card issuing and processing startup Marqeta‘s technology supports their payment capabilities, with its APIs allowing […].

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PYMNTS

JULY 31, 2019

However, financial institutions (FIs) are getting better at separating vital areas of innovation from the hype. Banks are increasingly focusing on the fundamentals when determining their innovation agendas. Payment technology is in many ways the flagship among the fleet of innovations that banks are pursuing.

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BankInovation

DECEMBER 31, 2020

WSFS Bank and Google Cloud named new technology and security chiefs while API provider Galileo appointed a chief revenue officer, and automated investing platform Wealthfront filled out its banking advisory group with regulatory heavyweights. Here are the most notable December hires: WSFS taps new […].

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PYMNTS

JULY 1, 2019

When it comes to technological innovation, however, the smaller players have long been outgunned by larger FIs and their sizable IT budgets. Today, small banks are more aggressive and ambitious in their innovation strategies than medium-sized and large FIs. This is changing — in a big way. percent will focus on this area.

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Innovation Innovation Strategies Survey Groups 157

PYMNTS

JULY 18, 2019

Depending on where you look, the chasm yawns wide when it comes to innovating with new technologies or features. In a PYMNTS interview with Karen Webster, Joe DeRosa, EVP of Global Sales at i2c , discussed the findings of the July 2019 Innovation Readiness Playbook , subtitled “Leveling the Playing Field for Different-Sized FIs.”

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Bank Innovation

JANUARY 23, 2020

Bank Innovation has hand-selected 10 companies to participate in its DEMOvation Challenge at Bank Innovation Ignite, which runs from March 2-3 in Seattle. The companies focus on a variety of use cases including customer acquisition, loan underwriting technology, conversational AI, fraud prevention, and other digital capabilities.

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PYMNTS

AUGUST 22, 2019

It [pushed] us at Key to build a design center that we never had before. … [It] pushes us to buy … and acquire technology companies,” he said. Legacy Banks and the Innovation Game. What I think these FinTechs can do is focus on one area. Each institution tends to approach this differently, however.

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BankInovation

NOVEMBER 30, 2020

Meanwhile, smaller players like BankMobile and Stash added key technology posts, and a SaaS fintech landed a major industry vet as its chairman of the board. November saw new ventures and hires at some of the country’s largest financial institutions.

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PYMNTS

MAY 31, 2018

They are also the FIs that allocate the majority of their budget and other resources to testing those innovations. But testing new technologies is a complex, intensive process, which can take on a variety of forms. The decision of how to go about testing new technologies can be daunting. So what’s an FI to do?

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PYMNTS

SEPTEMBER 17, 2019

Yes, there are more solutions available, and yes, new FinTechs are emerging to challenge the status quo and entice traditional banks to innovate. Phalen pointed to one financial institution partner of Visa that recently exemplified how FIs have made drastic changes in their payments innovation strategies.

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PYMNTS

AUGUST 17, 2017

For American regional financial services company Bank of the West, a division of international bank BNP Paribas, striking the right balance has meant seeking collaborations with competitors in the FinTech space instead of focusing on a digital-only approach. Among the participating FinTechs are Payso, SnapCheck and Token.

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PYMNTS

NOVEMBER 20, 2019

Cybercriminals are commonly using the same technologies to design and develop nefarious attacks, such as the botnet Mirai and malware like Deep Locker, which used AI and facial recognition to identify targets through factors like geolocation and online behavior. “I Scotiabank’s Three-Pronged Innovation Strategy.

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PYMNTS

JUNE 1, 2020

It is not the technology itself that is important, however, but the strategy behind it. This is similar to the card aggregation solutions that fellow FinTech Curve offers. The second] is the added security because obviously, as a bank, security is paramount, and [third], it allows for new technologies to be deployed rapidly.”.

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BankInovation

SEPTEMBER 9, 2020

Banks and fintechs rejigged their digital roadmaps during the initial sting of the pandemic and, six months later, continue to re-evaluate their backlog of technology projects and ventures, panelists said at the Bank Innovation Build conference today.

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BankInovation

SEPTEMBER 11, 2020

The coronavirus pandemic has undoubtedly altered the financial services technological landscape, but which changes will be permanent after the pandemic ends?

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BankInovation

OCTOBER 28, 2020

October has seen many new hires in banking and technology around the industry. Big banks like Fifth Third, U.S. Bank and Truist all made major hires, while vendors like Nymbus and Neocova put new personnel in leadership positions.

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Miami Leadership Software Fintech 75

BankInovation

JUNE 29, 2020

Vanguard and blockchain provider Symbiont are one step closer to integrating blockchain technology into foreign-exchange (FX) forwards processes across a network of a dozen banks, brokerages and asset managers.

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blockchain Fintech Management Technology 64

Insights on Business

APRIL 5, 2018

As the financial services industry continues to be disrupted by smaller, agile fintech startups, long-established financial institutions are looking for ways to keep pace. This technology requires that we take the time to understand the jobs our clients need to get done and design our APIs accordingly.

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The Financial Brand

NOVEMBER 4, 2014

Buying a technology company can speed innovation while improving a bank''s or credit union''s bottom line. Innovation Strategies Technology Strategies A.T. Kearney M&A'

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The Financial Brand

SEPTEMBER 9, 2021

Current isn't just another fintech. Equipped with all its own technology, the neobank's Gen Z strategy targets legacy institutions. The post Fintech Success Story: How ‘Current’ Is Rising To Be The #2 Neobank appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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The Financial Brand

JULY 11, 2021

Banks and credit unions should view trends in the fintech space to determine where threats and opportunities exist and where resources should be deployed. The post 8 Fintech Trends Changing Banking Forever appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Trends Fintech Banking Trends Analysis 43

ABA Community Banking

JUNE 17, 2019

A new way for banks to get their innovation strategies off the ground. The post Getting Ahead of the Innovation Game appeared first on ABA Banking Journal.

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BankInovation

MAY 5, 2020

Last week, the team at INV Fintech, Bank Innovation’s sister innovation platform, met with the innovation team at a large bank — by Zoom, of course.

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The Financial Brand

FEBRUARY 1, 2022

The post Four Technology Trends Radically Altering the Banking Model appeared first on The Financial Brand - Banking Trends, Analysis & Insights. 2022 looks to be a turning point for the industry amid the rise of platform business models, ecosystems, AI and end-to-end digitization.

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South State Correspondent

SEPTEMBER 20, 2022

Another popular tactic was that since many banks are ahead of budget this year due to the faster than anticipated rise in margins, many banks are increasing spend on technology and marketing in the back half of this year to set themselves up for success in 2023.

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BankInovation

JUNE 17, 2020

Pagaya, a four-year-old fintech that uses AI to guide institutional investing, announced a $102 million Series D today. Technology is starting to unlock things that have traditionally sat on the balance sheet of banks and put them into institutional investors’ hands,” said Ed Mallon, […].

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Fintech Technology Customer Experience Innovation Strategies 64