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Embedded finance’s new frontiers: insurance, health care

Bank Innovation

Embedded finance, or the concept of payments and banking being appended to other consumer use cases, is quickly evolving beyond retail and e-commerce, industry executives said at the Bank Innovation Ignite forum in Seattle this week.

Seattle 273
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Umpqua’s Go-To sees usage spike as customers avoid branches 

Bank Innovation

According to Brian Read, Umpqua’s head of retail and small business banking, enrollment on the platform has spiked 30%, while interactions […].

Portland 259
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How Scotiabank Manages Fraud Protection For A Data-Driven Future

PYMNTS

Scotiabank’s Three-Pronged Innovation Strategy. ” The FI is combating global fraudsters’ sophistication with technology like AI, as well as educational seminars for both its business and retail banking customers. I would say talent management is definitely top of mind.”. Talent and the Growing Fraud Problem.

Fraud 117
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Big banks face challenges with stand-alone apps   

Bank Innovation

Some of the country’s trillion-dollar banks have spent the past three years launching digital offshoots that mimic their startup competitors, but the promise of stand-alone personal finance management apps from incumbent banks remains largely unfulfilled.

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Banks boost VPNs to accommodate remote work 

Bank Innovation

Today, if you are not a frontline employee, you are working from home,” said Jason Shields, vice president and loan operations manager at Gulf Coast Bank, which is based in New Orleans. With the novel coronavirus forcing employees to work from home, banking technology and security infrastructures are being put to the test.?

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4 business challenges of COVID-19 and solutions to fight them  

Bank Innovation

The company, which provides guidance to senior management of financial institutions in the Americas, shed light on potential solutions to some of the business implications stemming from the COVID-19 outbreak in a white paper shared […].

America 259
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Embedded finance’s new frontiers: insurance, health care

Bank Innovation

SEATTLE — Embedded finance, or the concept of payments and banking being appended to other consumer use cases, is quickly evolving beyond retail and e-commerce, industry executives said at the Bank Innovation Ignite forum in Seattle this week.

Seattle 195