Bank Innovation

FEBRUARY 15, 2017

This bank created an innovation lab, and that bank is launching a fintech team. But this other bank just started a blockchain focus group, and everyone else is investing in tech. Gone are the days when banks could afford to be “conservative” with new product launches and tech projects, which Read More.

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Bank Innovation

JUNE 1, 2017

Innovating at the same time everyone else is innovating is hard, but U.S. Headed by its fearless leader, Dominic Venturo, the bank’s Innovation Group has been at the epicenter of innovation in financial services across various tech sectors. The group has a lot going on at all […].

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Perficient

OCTOBER 30, 2024

Pursuant to requirements and authorities outlined in the Anti-Money Laundering Act of 2020 (the AML Act), FinCEN is also taking several steps to create the necessary regulatory and examination environment to support AML/CFT-related innovation that can enhance the effectiveness and efficiency of the Bank Secrecy Act (BSA).

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PYMNTS

AUGUST 14, 2020

Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. The news service reported that the move hints that the two Chinese investment institutions will be heading up the group’s onshore offering.

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South State Correspondent

JUNE 22, 2022

Every bank wants to be “innovative,” but the truth is innovation is difficult. Add to that a bank’s resource constraints, compliance demands, budget goals, legacy IT infrastructure and talent gaps, and innovation for a bank is extremely difficult. The Problem of Bank Innovation. Framing Innovation.

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PYMNTS

MAY 22, 2018

Wells Fargo announced on Tuesday (May 22) that Steve Ellis, head of the innovation group, will retire after nearly 31 years with the company. Before that, he started and ran the wholesale internet solutions group, which launched Wells Fargo’s Commercial Electronic Office (CEO) portal in 2000 and CEO Mobile in 2007.

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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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OCTOBER 1, 2020

Global payment solutions provider Castles Technology has acquired Spire Payments , a provider of electronic funds transfer at point of sale (EFTPOS) systems, the company announced in a Thursday (Oct. Castles Technology customers will benefit from having a local presence and more access to the new technology. 1) press release.

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DECEMBER 20, 2020

Alibaba billionaire Jack Ma told Chinese regulators in November that he would give portions of Ant Group , the FinTech he founded, to the country's government in what so far has appeared to be an unsuccessful effort to make peace with authorities in the country, The Wall Street Journal (WSJ) reported.

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PYMNTS

OCTOBER 6, 2020

New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. This week's look at payment rail innovation is all about digitization and payments acceptance. merchants accept touch-free payments. Nacha Adopts Eight ACH Payment Updates.

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Bank Innovation

APRIL 16, 2018

Barclays Bank today launched a new venture arm to focus on investing in technology. This unit labelled Barclays UK Ventures (BUKV) will allow the bank to invest and partner with technology companies that will spur the bank’s technological innovation and growth.

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Bank Innovation

MARCH 13, 2017

How do you choose where to focus your innovation team? Marie Floyd, senior vice president of digital customer experiences for Wells Fargo, has some tips. Floyd, who joined Wells Fargo in 2015, has worked in the tech industry for more than 30 years, and for companies like Intuit, eBay, and IBM. In her time at […].

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Perficient

AUGUST 31, 2020

It’s also a great time to think about innovation. I would like to talk about how Twilio Flex and other services from Twilio can provide some clear ways not only to manage these immediate concerns, but also to drive innovations in how you interact with your customers. I won’t go into all the details of that again here.

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Perficient

AUGUST 5, 2020

New Technology and Impressive Clients Amplify Career Growth. “Most of us work from our downtown office and we are an interesting group of people.” I have learned new technology and improved interpersonal skills. If someone is passionate about technology and wants to build a career in it, LDC is the place to be.

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Perficient

OCTOBER 29, 2024

Each year, it continues to improve, offering more relevant content, valuable industry connections, and opportunities to delve into emerging technologies. Success In Action : Our client wanted to integrate better contact center technology to improve internal processes and allow for personalized, proactive messaging to clients.

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Perficient

JULY 2, 2024

Navigating the complexities of cloud technology requires an exceptional partner. Additionally, our global managed services group has created comprehensive accelerators such as the App Modernization IQ , Cloud FinOps IQ , and Green Impact IQ , serving as effective tools for guiding clients in cloud operations strategies.

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PYMNTS

JULY 7, 2020

Israel has long been a hotbed for digital innovation producing companies like Red Hat and Klarna. Now a new Israeli tech accelerator is turning its efforts toward retail innovation and helping to start new technologies for payments and biometrics. That way we could help our members get in on projects at an early stage.

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Bank Innovation

AUGUST 23, 2017

A representative of Fosun Group, which, at $13.1 billion, is China’s largest private investment conglomerate, has confirmed that it has invested “tens of millions of yuan,” or multi-millions of US dollars, into a Shanghai-based startup responsible for a local blockchain technology platform.

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Bank Innovation

DECEMBER 14, 2018

Innovation is not itself an outcome at Wells Fargo & Company, according to the bank’s head of innovation, Lisa Frazier. The innovation group is an enterprise-wide function, she said, that's focused on applying new technology to the business of banking, creating new business models for the organization, and […].

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MARCH 26, 2019

The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. The group plans to hold its first meeting on April 1. Members will participate on a rotational basis.”.

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Bank Innovation

FEBRUARY 22, 2017

Innovation groups are a relatively recent, but an increasingly important, addition to traditional bank structures. Whatever the approach is, Read More.

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Independent Banker

JUNE 30, 2022

Demand for digital solutions continues to accelerate, making innovation an imperative for community banks looking to excel in today’s evolving market. That’s why ICBA makes innovation a priority and provides community banks with the information and tools necessary to grow and succeed in today’s competitive landscape.

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PYMNTS

MAY 18, 2016

As President of Trulioo, Jon Jones is passionate about protecting consumers and businesses from all facets of fraud and subsequent loss — but he doesn’t believe that doing so effectively has to come at the expense of technological innovation. In many ways, RegTech can be viewed as an innovation enabler.

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Bank Innovation

MAY 22, 2017

Bank wants to revamp its Innovation group with a new artificial intelligence leader. Bank Innovation group,” including overseeing strategic product development, product innovation, and strategy efforts within the AI space, […]. The job posting is vigorous, to say the least.

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PYMNTS

SEPTEMBER 25, 2019

Innovation can be a blanket term in the banking world. Is artificial intelligence (AI) for anti-money laundering (AML) compliance innovation? Much focus has been given to fundamentals like the payment technologies needed to support features from transactions on real-time payment rails to instant cross-border payments.

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Bank Innovation

NOVEMBER 14, 2017

The finance landscape is witnessing some significant changes and disruptions due to fintech companies, blockchain technology, and AI. Innovation in this highly regulated field is necessary, and even giants are rising to the challenge and trying to get more customer-friendly, agile or at least aligned to the new standards set by start-ups.

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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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Independent Banker

APRIL 30, 2022

Community bankers are embracing innovation like never before—with impressive results. But with so much emphasis placed on customer-facing products and technologies, innovating back-office operations can fall to the bottom of the priority list. Partner with a bank-enabling technology service provider.

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PYMNTS

JUNE 23, 2017

Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants.

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PYMNTS

NOVEMBER 15, 2020

Uber may sell its autonomous vehicle unit Uber Advanced Technologies Group ( UberATG ) to a competitor, startup Aurora Innovation, according to a news report. despite the report that “ATG and other technologies” had revenues of $25 million. The report says representatives from Uber and Aurora both declined to comment.

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MARCH 17, 2020

Credit union (CU) members are known for loyalty to these financial affinity groups, but that loyalty is being tested. 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. percent to 21.9 Competitive Threats.

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DECEMBER 18, 2019

To create and promote the adoption of a new royalty-free connectivity standard to make smart home products more compatible with security as a design tenet, Amazon, Google, Apple and the Zigbee Alliance unveiled a new working group. 18 announcement. .

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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. BoxFox On Why Order-To-Cash Innovation Is Key For Businesses Expanding Globally. trillion reported in 2019.

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PYMNTS

DECEMBER 10, 2019

The world of quick service restaurants (QSRs) is where it’s at when it comes to so much retail innovation these days. are now adding this new technology and by the end of 2019 roughly a quarter of locations nationwide will have it in place,” the company said. That’s hardly it when it comes to recent innovation in this space.

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CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space. It also solicits feedback on how to maximize stakeholder engagement.

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OCTOBER 29, 2020

Mastercard ’s Senior Vice President of Innovation and Startup Engagement Deborah Barta told Karen Webster in a conversation with Luis Macias , CEO and Founder of GrainChain , that COVID-19 has only intensified the issue. Via their IoT integrations and technology on the ground, they can quantify information and verify that it's real.

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PYMNTS

OCTOBER 16, 2020

A managed security services provider h as also con cluded a $53 million Series B round to help accelerate research and development of its cloud security technology, among other uses. Venture capital funding landed at accounts payable (AP) and cybersecurity technology firms, among other innovators that raised money this week.

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