Bank Innovation

JUNE 25, 2018

PREMIUM - The digital and innovation strategy behind Fifth Third, one the largest regional banks in the country, is simple: build, buy, partner. That strategy has worked well for the bank.The company told Bank Innovation that it has invested $100 million in fintech over the past 22 months and that it expects to make about […].

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Fintech Innovation Strategies Regional Strategy 236

Bank Innovation

MARCH 30, 2020

Given the significant challenges we’re facing with the ongoing coronavirus pandemic, INV Fintech and Bank Innovation conducted a brief survey from March 18 to 25, to gauge industry sentiment and understand practices going forward.

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Survey Innovation Fintech Industry 273

Bank Innovation

MARCH 19, 2020

How will banking and fintech business models be impacted by this unprecedented coronavirus pandemic? What is the role of innovation in response to these rapidly unfolding events? How will banks and startups work together?

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Meeting Fintech Innovation Customer Experience 293

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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Innovation Innovation Strategies Strategy Fintech 150

ATM Marketplace

AUGUST 24, 2021

Fintech companies are continually developing innovative strategies to reach out to a changing customer base during uncertain times. 13 to 15, will deliver multiple sessions on fintech strategies and how to use them. The Bank Customer Experience, being held in Chicago from Sept.

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Customer Experience Strategy Fintech Innovation Strategies 129

Bank Innovation

AUGUST 2, 2019

When it comes to bank-fintech collaborations, banks are finding more failure than success. That’s according to a study by Bank Innovation and INV Fintech, a startup accelerator, released today.

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Fintech Study Innovation Innovation Strategies 284

Payments Source

MARCH 20, 2019

In the era of digital transformation, it can be easy to mistake activity for achievement. A disciplined approach is needed, writes Tim VanTassel, a vice president at FICO.

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Innovation Strategies Strategy Innovation Fintech 130

Bank Innovation

MARCH 18, 2020

The coronavirus pandemic is already having deep ripple effects across the economy and within the banking and fintech ecosystems. At the same time, the drastic rate cut and other macro implications will likely force existing banking and fintech business models to rapidly adapt, […].

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Survey Innovation Fintech Innovation Strategies 259

Bank Innovation

MARCH 18, 2020

The coronavirus pandemic is already having deep ripple effects across the economy and within the banking and fintech ecosystems. At the same time, the drastic rate cut and other macro implications will likely force existing banking and fintech business models to rapidly adapt, […].

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Survey Innovation Fintech Innovation Strategies 243

Bank Innovation

JANUARY 14, 2020

billion acquisition of data aggregator Plaid puts the company’s tool set at the center of financial services innovation. “Fintechs are increasingly developing on bundling and repackaging financial services payment and funds, […]. Visa‘s $5.3

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Fintech Tools Innovation Data 243

PYMNTS

JULY 23, 2020

So, how are CUs changing their card innovation plans to match their current members’ demands and attract new potential members? 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. Moreover, 89.4 percent between February and May.

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Innovation Report Cards California 174

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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Innovation Seattle Fraud Technology 221

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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Innovation Fintech Banking 2020 Payments 98

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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Innovation Report UX User Experience 151

Bank Innovation

OCTOBER 4, 2019

Fowler will talk about his work on a panel discussing bank-fintech collaborations at Bank Innovation Build, which runs from November 6-7. As vice president of enterprise machine learning at TD Bank, Matt Fowler faces the difficult task of overseeing the bank’s efforts to ensure its algorithms are free of bias.

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Innovation Fintech Innovation Strategies Strategy 150

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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Fintech Innovation Strategy Technology 94

Bank Innovation

AUGUST 8, 2019

The Budapest-based bank is pursuing not just startup-driven innovation, but through a mix of internal and […]. It might have $55 billion in assets and 10.5 million customers in 10 countries, but OTP Bank, one of the largest financial institutions in Central and Eastern Europe, might be one of the most unorthodox banks on the Continent.

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Innovation Customer Experience Innovation Strategies Strategy 284

Bank Innovation

JANUARY 29, 2020

With nearly 200 startups, five major banks, 19 venture capital firms and representation from large tech companies like Google, Facebook, PayPal, Toronto is quickly becoming a center for fintech entrepreneurship.

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Meeting Fintech Google Study 364

Bank Innovation

DECEMBER 10, 2019

based growth equity firm, closed its second fintech valued at $375 million this week. Centana Growth Partners, a New York and Palo Alto, Calif.-based The firm, which closed a $250 million fund in 2015, primarily invests in business-to-business technology companies.

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Fintech New York Technology Company 293

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. On average, these FIs designate 45.7

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Innovation Innovation Strategies Survey Groups 157

Bank Innovation

APRIL 21, 2020

Lenders have had to spend unprecedented funds on compliance in the first quarter, which could shift resource allocation at banks and credit unions and hamper post-pandemic fintech partnerships.

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Compliance Fintech Resources Innovation Strategies 259

PYMNTS

JANUARY 24, 2018

The financial services industry is no stranger to innovation, but it increasingly appears that change in the space is being driven by outsiders instead of the financial heavyweights. Traditional banks and FIs can either keep up with the pace of innovation or risk losing customers to disruptive innovators.

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Innovation Data Innovation Strategies Fintech 144

Bank Innovation

OCTOBER 17, 2019

A recent Forbes article claims the fad is over for bank-fintech partnerships. The fad might be over, but the imperative for banks to partner with fintechs is anything but. Nevertheless, in our experience at INV Fintech, […].

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Fintech Innovation Strategies Strategy Innovation 264

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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Sacramento Fintech Innovation Technology 87

Bank Innovation

APRIL 3, 2020

Treasury Secretary Steve Mnuchin last weekend confirmed “any fintech lender” will be authorized to make small business loans as part of the Coronavirus Aid, Relieve and Economic Security (CARES) Act. Despite the goal to have the program up and running by today, digital lenders remain uncertain how it will work and how much it […].

Fintech 273

Fintech Security Customer Experience Innovation Strategies 273

Bank Innovation

JANUARY 29, 2020

The company has been starting card programs for fintechs including Brex Inc., Mastercard Inc.’s s new initiative to team up with more startups on credit cards is starting to pay off. Revolut Technologies Inc. and TransferWise Inc., and has unveiled programs designed to make it easier for startups to join Mastercard’s network.

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Cards Fintech Technology Company 284

Bank Innovation

APRIL 3, 2020

As banks scramble to stand up digital interfaces and participate in the SBA Paycheck Protection Program (PPP) that launched today, fintech providers are rolling out different technology platforms to help lenders process the flood of small business loan applications.

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Fintech Security Technology Innovation Strategies 273

BankInovation

SEPTEMBER 11, 2020

Banks and fintechs are busy with new product launches during the COVID-19 pandemic.

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Innovation Fintech Strategy Innovation Strategies 98

BankInovation

SEPTEMBER 2, 2020

Bank Innovation is pleased to announce today the launch of the Emerging Fintech Directory, a database that houses hundreds of engaging and emerging fintech startups. The directory will […].

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Innovation Fintech Company Innovation Strategies 52

Bank Innovation

NOVEMBER 22, 2019

Siam Commercial Bank Pcl plans to spin off some of its fintech divisions as it tries to monetize its push into technology investment at a time of sluggish earnings from traditional lending. The nation’s third-biggest lender by assets expects one of the fintech units has the potential to become a ‘unicorn,’ or a private company […].

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Fintech Lending Technology Company 221

PYMNTS

SEPTEMBER 17, 2019

There is a mountain of friction in commercial payments today that seems to have held the industry back from the kind of rocket-pace innovation propelling retail and consumer payments into the future. The surge in bank-FinTech collaboration seen in recent years has propelled banks’ infrastructure upgrades, too.

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Innovation Payments Cards Industry 132

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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FDIC Fintech Innovation Conference 98

Bank Innovation

DECEMBER 19, 2019

In this episode of Fintech Unfiltered, which is sponsored by Blend, Bank Innovation sat down with OnDeck CEO […]. Through its application for a bank charter, the company wants to become a full-service digital bank for small businesses it says are overlooked by traditional banks.

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Community Lending Innovation Digital Banking 360

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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Innovation Study Technology Millennials 155

Bank Innovation

FEBRUARY 19, 2020

Global investment banks are making major digital investments to keep pace with fintechs, Moody’s Investors Service reported in a research note this week. While they are increasingly partnering with fintechs, the […].

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Fintech Study Report Innovation Strategies 259

Bank Innovation

FEBRUARY 10, 2020

As banks continue to explore best practices around handling customer data, insight from core technology provider Fiserv suggests open banking can help banks compete with fintechs and large incumbents alike. “By

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Innovation Fintech Data Technology 284

PYMNTS

MAY 31, 2018

According to recent research from PYMNTS, the industry’s innovation pacesetters are those who devote the most time to developing new features, products and services. They are also the FIs that allocate the majority of their budget and other resources to testing those innovations. Who are the top-performing financial institutions (FIs)?

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Innovation Data Innovation Strategies Community Bank 116