Bank Innovation

JUNE 6, 2017

Among the many innovative products announced during Apple’s WWDC 2017 yesterday (like this iMac Pro, or these cool smart speakers), the tech giant’s new P2P payments service got the FI spotlight. Quickly dubbed “the Venmo competitor,” the new service will allow iOS 11 users transfer money via iMessage starting this fall.

Innovation 330

Innovation Payments Operations Google 330

Perficient

AUGUST 2, 2024

Perficient self-reported the following extended use cases as the top three for which clients select them: Backend Integration and Modernization: We specialize in integrating and modernizing backend systems to ensure seamless and efficient operations, enabling businesses to stay competitive in the digital age.

America 450

America Report Technology Software 450

PYMNTS

DECEMBER 10, 2020

This month’s Deep Dive examines how mobile and contactless payment options are poised to reshape the corporate payments ecosystem as well as how virtual cards can help businesses adapt their operations to the digital-first payments ecosystem that has emerged. . However, the pandemic is marking a major turning point for payments innovation.

Operations 192

Operations Payments Cards Mobile 192

PYMNTS

DECEMBER 9, 2020

The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market.

Innovation 297

Innovation Fintech Cards Payments 297

Perficient

NOVEMBER 1, 2024

Among other findings, that report found that innovations in AI were powering many non-bank firms’ capabilities and product and service offerings. The report outlined a series of next steps to address AI-related operational risk, cybersecurity, and fraud challenges, as a response to Executive Order 14110.

Regulation 221

Regulation US Community National 221

Bobsguide

MARCH 30, 2022

the global leader in multibank connectivity and communications, has announced the hire of Bernhard Kaiser as the firm’s new Chief Information Officer. Kaiser will manage Fides’ information technology strategy and execution, focusing on innovation to meet the changing needs of the market. “I Fides Treasury Services Ltd. ,

Leadership 60

Leadership Innovation Strategy Operations 60

Perficient

OCTOBER 1, 2024

The surge is driven by four main use cases: Intelligent process automation Anomaly and error detection Analytics Operational assistance and augmentation (generative AI) Finance departments deal with numbers, codes, and rules daily. Once key individuals are in place, the next hurdle is deciding what information to provide the AI.

Survey 221

Survey Data Analytics Maine 221

PYMNTS

JANUARY 8, 2021

To do that, and to clear the next hurdle, Whisler said many financial institutions (FIs) still need to “modernize internally to be a 24/7 operation shop.”. And lastly, it will be critical to continue to innovate in a way that is still safe and secure. when businesses or consumers need to deliver or receive goods, she said.

Operations 349

Operations Payments Industry Management 349

PYMNTS

MAY 23, 2019

When it comes to innovation, go to the source. has joined the ranks of companies and brands setting up innovation labs. QSR Innovation. The PepsiCo innovation effort comes at a time of significant technology development in the world of restaurants, including quick service restaurants (QSRs). In other words, PepsiCo Inc.

Innovation 148

Innovation Retail Operations Technology 148

PYMNTS

JUNE 3, 2019

For credit unions (CUs), data analytics can deliver that insight, helping them to more effectively address their members’ specific needs, and informing CUs of the products and services that can deliver the most effective returns on their investments. percent of CUs that focused on data analytics said they did so to secure their operations.

Analytics 150

Analytics Innovation Data Fraud 150

Bank Innovation

JUNE 26, 2018

arm of the Spanish bank BBVA, has no designated innovation head. Instead, all innovation initiatives fall under the bank's head of business development, José "Pepe" Olalla. Olalla, who has been with BBVA since 1992, served as BBVA's Chief Information Officer […]. PREMIUM - BBVA Compass, the U.S.

Innovation 170

Innovation Mobile Operations Online 170

Perficient

MAY 12, 2023

The Third Industrial Revolution used electronics and information technology to automate production. enables companies, governments, and public sector agencies to use innovative digital technologies, smart automation, and advanced analytics to transform operating processes. Digitalization and Innovation Accelerating Industry 4.0

Management 275

Management Industry Innovation Operations 275

PYMNTS

FEBRUARY 20, 2019

Those challenges have made SMBs notoriously technology-adverse, though it may be an unfair characterization, particularly considering the influx of small business FinTech innovation in recent years. “And a lot of the innovation is coming at the early stage.” ” Crossing The Chasm.

Innovation 192

Innovation Technology Strategy Fintech 192

PYMNTS

JANUARY 15, 2020

The grocery battles are heating up in retail, and that is sparking innovation and could lead to even more disruption. Another example of grocery innovation at the show involved “a small autonomous drone using computer vision and artificial intelligence (AI) to tackle on-shelf inventory visibility. Walmart’s Big Move. Consumer Needs.

Innovation 135

Innovation New Hampshire New York City Retail 135

Insights on Business

JULY 26, 2018

IBM RegTech Innovations. One of the best things about working at IBM—and in the RegTech field in particular—is meeting daily with the engineers and developers who are driving technological innovation in the financial industry. Banking clients are constantly asked to provide the same information, over and over again.

blockchain 151

blockchain Innovation Customer Experience Compliance 151

Perficient

FEBRUARY 27, 2024

Platform Modernization: Enhancing Efficiency Across the Value Chain Organizations are actively embracing artificial intelligence (AI) and cloud technologies to streamline operations and gain insights. Leveraging cloud technology for streamlined operations and enhanced scalability.

Trends 221

Trends Industry Operations Customer Experience 221

Perficient

JUNE 25, 2024

Toll Gates Are Needed To avoid repeating such scenarios, of that rather dire history, Hsu advocated for regulators and the industry to proactively identify points where growth and development should pause to ensure responsible innovation and build trust. The evolution of electronic trading provides a valuable case study to consider.

Case Study 221

Case Study Risk Management Analysis Innovation 221

Bobsguide

AUGUST 7, 2022

London, UK – August 3, 2022 – Finastra announced today that The Co-operative Bank has selected Finastra Kondor in the cloud, available via Microsoft Azure, to upgrade its treasury infrastructure and automate manual reporting and processes. For more information about the solution, click here. EMEA PR Manager. T +44 (0)7552 865009.

Operations 68

Operations Strategy Innovation Policies 68

PYMNTS

DECEMBER 30, 2019

This does not mean businesses are disinterested in newer payment innovations, however. percent would like to integrate ePayables with virtual cards into their broader B2B operations. AP professionals’ payments innovation fervor does not seem to be translating into the broader B2B ecosystem despite such interest.

Innovation 130

Innovation Payments Data Branding 130

Perficient

AUGUST 4, 2023

In today’s rapidly advancing technology landscape, businesses face a profound revolution in operations, customer interactions, and innovative endeavors. Drive innovation with creative talent and practices.” This framework is informed by customer empathy and grounded in executional know-how.

Digital Strategies 419

Digital Strategies Strategy Report Customer Experience 419

PYMNTS

APRIL 9, 2019

Retail innovation labs – incubators or tech hubs – aren’t confined to operations run by the likes of Amazon or Walmart. A new lab store from 7-Eleven underscores the innovation wave that is taking place in the convenience store sector of retail – a sector ripe for change, disruption and growth. stores with the innovation.

Innovation 155

Innovation Millennials Dallas Retail 155

PYMNTS

MAY 24, 2019

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. FinCEN expects to hold events in the Washington, D.C.

Innovation 124

Innovation US Metro Washington 124

PYMNTS

APRIL 17, 2020

Open banking regulations across Europe kicked open the door for a wave of FinTech competition, with consumer-facing personal finance management (PFM) right in the crosshairs of innovators’ efforts. Open banking enables these platforms to obtain information more quickly and securely, explained Vaccino. Optimizing Business Lending.

Innovation 208

Innovation Data Fintech Lending 208

PYMNTS

FEBRUARY 17, 2017

In a press release , Verizon said Skyward, which is based in Portland, adds drone management to the Verizon IoT portfolio, making drone operations easier to manage for any size company. companies rely on Skyward to manage drone operations, improve safety and lower operating costs. According to Verizon, outside of the U.S.,

Operations 100

Operations Portland Management Analytics 100

PYMNTS

FEBRUARY 21, 2018

According to the startup, its free app provides more than 120 million users with detailed transit information pertaining to more than 2,000 cities and 80 countries. It has used the data to create the Smart Transit Suite of software, an offering aimed at municipalities and transit operators to help them better manage their networks.

Operations 139

Operations Capital Mobile Analytics 139

PYMNTS

JULY 10, 2020

Thanks to a lowered barrier to access banking services, more legal cannabis companies — often small businesses — are able to accept digital payments from their consumers, a shift that Muller noted is encouraging the owners of these companies to expand into their B2B operations as well. But current legacy rails can make this difficult.

Innovation 210

Innovation Payments Tools Compliance 210

PYMNTS

JULY 15, 2020

For the service providers themselves, he noted, it’s critical to have a high-touch relationship with companies that are in search of capital in order to best understand their needs and the way their business operates. But it’s just as important for the business itself to fully understand its options.

Innovation 135

Innovation Tools Strategy Management 135

PYMNTS

MARCH 7, 2019

However, the way payments innovation is pursued — and becomes reality — is changing, too. As the executive stated, “Banks, financial institutions and payment companies are making choices about who they want to partner with” in the drive to payments innovation. million machines that span the globe have run on Windows operating systems.

ATM 194

ATM Innovation Payments blockchain 194

PYMNTS

JULY 13, 2020

Indeed, just as SMBs have fast-tracked their own digitization efforts, their financial technology partners have also found the current climate to be an opportunity to accelerate innovation and roll out new services to support their merchant and consumer users. Innovation On The Fast Track. The Bigger PayPal Picture.

Innovation 184

Innovation Online Community social media 184

PYMNTS

NOVEMBER 12, 2020

Corporates must look at the entire set of processes that govern operations, whether with their own clients or suppliers and with banking partners in the middle, he said. Beyond simply rendering information into bits and bytes, he said the purpose of digitization also revolves around understanding the trends being conveyed by that data.

Innovation 295

Innovation Regional Data Payments 295

PYMNTS

JANUARY 10, 2020

Brick-and-mortar shopping isn’t going away, Target Chief Operating Officer John Mulligan said, but “inferior brick-and-mortar experiences” are certainly an endangered species in the modern retail environment. Other innovations are taking place, including at Walmart. Grocery Robots.

Retail 130

Retail Innovation New Hampshire Online 130

PYMNTS

FEBRUARY 26, 2020

Below, PYMNTS explores the latest initiatives and finds that innovators are looking at the accounts receivable side to tackle accounts payable friction. The integration means invoices can be scanned in Centsoft, with that information automatically added into Quickbooks to be routed, approved, and paid. Tipalti Reallocates The Workload.

Innovation 181

Innovation Payments Data System 181

Bank Innovation

JUNE 15, 2016

Bank Innovation today officially launches BankBoost, a new app that fosters information discovery in the fintech industry. Users can post on any fintech topic and seek answers from the Bank Innovation community. BankBoost is an “answerbase,” which means it is an app for getting questions to your fintech questions.

Innovation 150

Innovation Fintech Community Industry 150

PYMNTS

JUNE 22, 2020

How Customer Reviews Provide Lifeblood To Restaurant Operations. Customers can find out where their peers are happily returning after good experiences, for example, while eateries can invest time in digital platforms that provide prospective diners with information to secure their patronage. The Value In Quick Responses .

Operations 156

Operations social media Online Survey 156

PYMNTS

MAY 1, 2020

This also makes data security critical, though, because banks must protect growing volumes of personal information. APAC banks and regulators have always felt the need to safeguard consumers’ information from potential fraudsters.

Innovation 245

Innovation Regulation Digital Banking Security 245

Bank Innovation

NOVEMBER 15, 2018

Voice banking -- operating your bank account by voice -- is a hot topic in the industry today, but many questions remain. Capital One was famously the first major bank to integrate with Alexa, Amazon's virtual assistant that lives in Echo smart speakers as well as a growing array of other devices. One problem is […].

Data 186

Data Capital Operations Industry 186

PYMNTS

MARCH 20, 2019

For instance, why are there significant, revenue-draining gaps between what merchants think about payments innovation and what they actually do? Loyalty and Innovation. percent of health and beauty merchants cited customer loyalty as their reason to innovate, but only 35 percent of merchants said they’re prepared for it.

Innovation 139

Innovation Retail System Payments 139