The top trends in retail banking innovation
Chris Skinner
OCTOBER 4, 2017
I get lots of input from many sources, and one of the ones I like is the innovation survey of banking produced annually by EFMA with Accenture.
Innovation Retail Trends 
QSRs Provide Fresh Look At Retail Innovation Trends
PYMNTS
AUGUST 23, 2019
For a glimpse at how innovation is playing out in the retail world, it always helps to take a look at recent developments in the world of quick-service restaurants, or QSRs. And things are getting much more mobile and digital – a trend that promises to play out in the new decade. For instance, Yum! Recipe for Success.
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How Video Games Are Helping Retailers Grow And Innovate
PYMNTS
SEPTEMBER 12, 2019
Video games are helping to drive retail innovation and growth, and that includes the hot area of subscription commerce. This is only part of the innovation trend stemming from video games. In-store sales, notably, is where the retailer needs to see growth. percent, it wasn’t as much as the retailer wanted to see.
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Retail banking trends to look out for in 2023
Independent Banker
OCTOBER 31, 2022
ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that. “A
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Trends In Retail Technology And Consumer Spending
PYMNTS
OCTOBER 14, 2020
In retail, the need to simplify, integrate and bring gift card and loyalty programs online to maximize their impact has never been greater, while consumer engagement has the power to remove retail friction. Data shows a cautious population living paycheck to paycheck, ready for conservative holiday spending.
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The biggest innovations in retail banking (research)
Chris Skinner
JANUARY 25, 2017
OK, OK, OK, I promise to stop posting predictions and trends and blah, blah, blah, but this one has an interesting provenance and history. Last year, one of my most read blog entries was this one: The top ten trends in banking innovation (February 2016).
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How A Retail Incubator Could Produce The Next Big Innovation
PYMNTS
JUNE 12, 2019
The myth of the lone (and possibly mad) scientist died out a long time ago, as the industrial age led to teams of researchers working together (or at healthy cross purposes) to enable innovation. That experience is one that is hard to gain as a vendor with new and exciting retail technology in the market.”.
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How Technology And Market Trends Spawn Innovation
PYMNTS
OCTOBER 11, 2019
Direct-to-consumer (DTC) brands are putting a new spin on athleisure wear , inspired by the CBD-based wellness trend. And, in digital banking, banks are innovating with their strategies for fraud protection and anti-money laundering (AML). All this, Today in Data. All this, Today in Data. 46B: Approximate amount of U.S.
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Top Retail Banking Innovation Trends for 2023
The Financial Brand
NOVEMBER 22, 2022
This article Top Retail Banking Innovation Trends for 2023 appeared first on The Financial Brand. Banks are better positioned to generate positive results from innovation initiatives. This article Top Retail Banking Innovation Trends for 2023 appeared first on The Financial Brand.
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Cameras Help Fuel Retail Innovation
PYMNTS
AUGUST 27, 2019
When it comes to retail innovation — changes that promise to influence commerce not only this year, but in the 2020s — cameras could have a significant role. Some of the latest developments provide evidence to support that trend. That’s not the only way innovation with cameras can help retailers. Data Blocks.
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118 Retailers Show The Path Forward On AI Innovation
PYMNTS
JUNE 24, 2019
Retailers are getting smarter about artificial intelligence (AI), and the latest example of that innovative effort comes from Walmart. According to a new report , the retail chain, hoping to reduce checkout theft, is turning to cameras powered by AI, with deployments underway in some 1,000 stores.
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Apple Pay Trending Up as Target, Other Retailers Add Payment Option
Bank Innovation
JANUARY 22, 2019
Apple Pay was trending across social media today on news the payment option will soon be accepted at Target, Taco Bell and other major U.S. According to Apple, 74 of the top 100 U.S. merchants now accept Apple Pay. The company touted the service’s ease of use, security and speed at the register. But […].
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Why Health And Beauty Retailers Are Driving Digital Innovation
PYMNTS
FEBRUARY 11, 2019
Amid great technological change, health and beauty retailers are developing strategies to drive innovation. In some cases, retailers are using social media tools such as Instagram to post promotions and product tutorials — or interact openly with consumers about their offerings. About the same share — or 60.9
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166 Look To Gen Z For More Retail Trend-Setting
PYMNTS
AUGUST 28, 2019
So-called Generation Z is also driving much of the innovation when it comes to retail. To reach consumers on the hunt for offerings that are “clean and natural,” the retail chain rolled out its Everspring household brand. Gen Z Trends. As well, the brick-and-mortar retail shopping experience is still important to Gen Z.
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Video Games Provide Fresh Fuel For Retail Innovation
PYMNTS
JULY 29, 2019
The rise of video games, both online and mobile, is helping to drive innovation in retail. Larger Trends. This is only part of the innovation trend stemming from video games. In-store sales, notably, is where the retailer needs to see growth. percent, it wasn’t as much as the retailer wanted to see.
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Simon Properties Earnings Show Positive Trends For Brick-And-Mortar Retail
PYMNTS
NOVEMBER 9, 2020
Despite COVID-19, we are encouraged by the increases we are seeing in shopper traffic, retailer sales and tenant rent collections across our portfolio,” CEO David Simon said in a statement. “We Our quarter over quarter sales, decrease is only 10 percent.
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169 Bridging The Perception/Retail Innovation Gap For SMBs
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? Koopman and Karen Webster recently engaged in a discussion about how those gaps apply to a very specific but lucrative part of the retail landscape: the health and beauty product space.
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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023
Perficient
FEBRUARY 2, 2023
Here are some of the biggest payment trends we’re forecasting for the new year. In 2023, we expect to see this response exaggerated and heightened. Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners.
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Steal This 5-Step Banking Innovation Playbook from Gentle Monster
South State Correspondent
MAY 1, 2024
For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. Honkook Kim and his Gentle Monster Brand is a perfect example.
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Revving Up The Latest Retail Trends With Autos
PYMNTS
JANUARY 8, 2020
Auto sales are driving retail trends, as online marketplace and auction site eBay has released a new eBay Motors app. At the same time, Carvana , a firm that allows consumers to browse and purchase vehicles online, has added a new virtual financing option.
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Music Crafts New Melodies For Retail Innovation
PYMNTS
JANUARY 24, 2020
But no matter the case, music is a big part of the retail world, and is helping to create new harmonies of innovation and disruption. Apple isn’t the only band on the radio when it comes to changes in music retail in early 2020. Others don’t. New Partnerships and Services.
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Apparel, Embracing Digital, Drives Innovation In Retail
PYMNTS
SEPTEMBER 19, 2019
Apparel used to be mostly a brick-and-mortar retail experience, but that has changed drastically over the last few years – and has been one of the main innovations when it comes to commerce related to the clothes we wear. But at this point, it is also mostly table stakes in the race to bring apparel retail online.
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137 Pet Retail And CBD Combine Innovative Forces
PYMNTS
JULY 22, 2019
Retail trends and innovation can come from unlikely places, and that seems to be the case now when it comes to pets and CBD, two hot areas of commerce that are intersecting. Not only that, but pet retail is gaining steam. The owner said the compound did indeed ease the dog’s pain.
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Digital Approaches To Retail And Corporate Spend
PYMNTS
DECEMBER 8, 2020
Walgreens has followed in the footsteps of Walmart and Amazon to join the retailer-as-ad-agency trend , while BigCommerce recently launched Open Checkout to let developers, retailers and partners create tailored checkout experiences.
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Top 3 Fintech Trends in May
Bank Innovation
MAY 29, 2018
Here are some of the important trends that Bank Innovation pulled out of the fintech chatter […]. A lot happened in the digital banking world this month, from major events in the payments worlds like PayPal acquiring iZettle for $2.2 billion only days before its IPO to major regulations such as GDPR going live last week.
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Curbside Pickup and How It Impacts Your Retail Strategy
Perficient
JUNE 17, 2020
Before the COVID-19 pandemic, retailers were already seeing enthusiasm from customers for more convenient ways to interact during the purchasing process. While some retailers have offered limited order pickup options for some time, this was often limited to certain verticals or a small sub-set of products. The Challenges.
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Why The Road To Retail Innovation Often Runs Through Apparel
PYMNTS
JANUARY 6, 2020
When it comes to retail innovation, you can usually count on consumers’ constant need for clothes to help drive new trends. At the start of the 2010s, retail merchandising was, at base, a lot of guesswork. AI is not the only area of apparel retail innovation. Better Smells.
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Digital-First Economy Redefines Retail And Consumer Behavior
PYMNTS
DECEMBER 24, 2020
When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. It produced several payment trends, which can be found in the How We Shop report. At the end of the day, I feel really good about the opportunities for retail,” Sadove said. “I
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More Retailers Are Checking Into Hotels In Search Of Innovation
PYMNTS
JUNE 21, 2019
Part of the future of retail is playing out inside hotels — and that’s happening as the wider part of the travel-and-tourism industry is undergoing its own significant disruption. One of the latest — and perhaps wildest — examples of the hotel-retail trend comes from Taco Bell, of all places. Deeper Trend.
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Retail Poised To Embrace New Biometrics As Innovation Heats Up
PYMNTS
SEPTEMBER 25, 2019
Can a person’s ear serve as one of the next frontiers of retail innovation? News has recently emerged that a computer scientist has developed what Geek.com called a “novel way of unlocking your phone,” which, in turn, could one day find its way into retail uses as a new form of biometric authentication. China Example.
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Back-To-School Season Fuels Retail Activity And Innovation
PYMNTS
AUGUST 13, 2019
Not only is it a big time for retail but, in a sense, a kind of dress rehearsal for the upcoming all all-important holiday shopping season. Retail back-to-school spending for families will hit an average of $696.70 last year, according to the National Retail Federation , a trade group. this year, up from $684.79 Amazon Effort.
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How Auto Sales Are Driving New Retail Trends
PYMNTS
JANUARY 7, 2020
The longstanding practice of selling automobiles is getting a change — reflecting larger trends in commerce. Financing is also part of the new wave of innovation in this area. The automotive ecosystem is undergoing historic changes — and those are some of the main trends in play for 2020. for both iOS and Android.
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Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week
PYMNTS
JANUARY 18, 2021
Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it. Retail is now about logistics and the last mile.
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Why Amazon And Other Retailers Are Turning To Biometrics
PYMNTS
JANUARY 27, 2020
Retail keeps embracing numerous new technologies, and biometrics is not only one of them, but an area of recent growth and development, including via some of the biggest names in commerce. Take Amazon, which continues to expand its brick-and-mortar retail footprint, and the technology underlying those stores. Larger Trends.
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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend
Perficient
JULY 11, 2022
Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.
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TD Bank addresses the evolution of POS
Payments Dive
FEBRUARY 13, 2020
Mike Rittler, general manager of retail card services and personal lending at TD Bank, shares his insight on trends, transformative innovation and how the 'traditional check out' experience is on its way out.
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Emerging Innovation And Fraud Trends In Consumer Commerce
PYMNTS
DECEMBER 23, 2019
And, in retail, the so-called smart home — powered in large part by voice-assisted retail and payments — will be one of the primary trendlines of the 2020s. Cybercriminals are finding it best to approach fraud with an omnichannel strategy , which involves hitting every customer service channel for best results.
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FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World
PYMNTS
DECEMBER 9, 2020
When Home Depot announced last month its plans to acquire HD Supply Holdings , it wasn’t just a sign of expansion for the home improvement retailer. 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. The Outsourced FinTech Opportunity.
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297 How An Online Automotive Deal Is Fueling A Retail Trend
PYMNTS
AUGUST 7, 2019
Those two retail trends have recently collided in Southeast Asia, where Carro, an automotive marketplace and financing provider, reportedly has bought Jualo, an online marketplace for used goods from some 300 product categories. The deal is not the only recent news involving the online retail sales of automobiles. Retail Waste.
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Peter Kulik Innovation Award: How Auriga’s WWS is innovative
Bobsguide
JUNE 3, 2022
Auriga was recently honoured with the prestigious Peter Kulik Innovation Award from the ATMIA, the leading non-profit trade association representing the entire global ATM industry. Q: How do you feel about your Peter Kulik Innovation Award win? Q: Finally, do you have any thoughts on upcoming ATM innovations and trends?
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How Drive-Thrus Are Speeding Up Retail Innovation
PYMNTS
OCTOBER 14, 2019
If so, you’ve been at the site of one of the hottest areas of retail innovation. Starbucks, whose use of mobile commerce technology is the source of envy and imitation in the quick-service restaurant (QSR) and even wider retail world, is also involved in this trend. Been on a fast food drive-thru lately?
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125 Retailers Head To College For The Latest Commerce Innovation
PYMNTS
JUNE 21, 2019
Retailers, too, have higher education on their minds. It has long been a significant presence in the lives of many college students, and that trend is sure to grow even more in the coming months and years. Mobile Innovation. Another hot retail trend that is also being honed on campuses is subscription retail.
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Retail Innovation Depends On Older Consumers, Too
PYMNTS
AUGUST 14, 2019
Youngsters tend to get all the credit when it comes to being a force that drives retail innovation, and that’s fair enough. Gig Trends. eCommerce innovators are offering plant-based nutrition beverages designed for baby boomers and their parents with the help of the subscription business model. That’s not all.
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123 U.S. Bank’s Innovation Focus: E-Commerce, Omnichannel, and Realtime Payments
Bank Innovation
JUNE 1, 2018
Innovation for the sake of problem-solving (rather than for its own sake) is the way U.S. Bank’s Dominic Venturo approaches his role of chief innovation officer. The bank has a comprehensive outlook on investing and researching emerging technology trends through its innovation team, Venturo said.
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