Innovations

How E-Signatures Enable Remote Account Openings [SPONSORED]

How E-Signatures Enable Remote Account Openings [SPONSORED]

by July 2, 2015 at 1:00 am 0 comments

Today, banks, credit unions and other financial services providers need to be where the customer is – online and on mobile devices. In this white paper, we explore how e-signatures make it easier for consumers to open accounts remotely on tablets and smartphones, while also strengthening compliance. Highlights include: RemoteRead More

What Banks Need Today: Data to Support Decision-Making in their Branches

by July 1, 2015 at 3:37 pm 0 comments

Financial services industry experts will continue to debate whether branches will exist in the future, how many there might be, or what shape or size they may take. However, financial institutions need to address the challenges of their distributed and often diverse branch environments today. To make good decisions aboutRead More

3 Startups to Watch: Everledger, ByeBuy, B-Secur

3 Startups to Watch: Everledger, ByeBuy, B-Secur

by July 1, 2015 at 10:57 am 0 comments

In a new feature, we look at three startups — from the multitudes of fintech ventures being launched these days — that stick out. For any number of reasons. The three below touch on security and fraud prevention (ever a hot area in financial services) and leasing (not ever a hotRead More

Facebook P2P Payments Go Nationwide

Facebook P2P Payments Go Nationwide

by June 30, 2015 at 3:59 pm 1 comment

A little more than three months after its debut, Facebook Messenger‘s peer-to-peer payments service has gone nationwide. The news was announced today by David Marcus, Messenger’s vice president. Messenger payments is a debit card-only payments service. Facebook had been slowly rolling out the service since last March. Last month, Facebook saidRead More

The Shot Heard ‘Round the Banking World

The Shot Heard ‘Round the Banking World

by June 29, 2015 at 8:44 am 3 comments

One of the highlights of this year’s Next Bank USA conference  held June 16th in New York was the session titled “The Great Debate: Who will Rule Banking in the Future – Banks or FinTechs?”  Bank Innovation’s Phil Ryan summarized the session well in his recent post here. The panelistsRead More

Digital Asset Holdings Buys Blockchain Startup Hyperledger

Digital Asset Holdings Buys Blockchain Startup Hyperledger

by June 26, 2015 at 10:52 am 0 comments

Call it another vote of confidence for the blockchain. Hyperledger from Hyper, which provides private blockchains to financial institutions, was bought by Digital Asset Holdings, Bloomberg reported yesterday. San Francisco-based Hyperledger won a place in Bank Innovation‘s 2015 DEMOvation Challenge, and was a semi-finalist at Innotribe’s 2015 Startup Challenge as well. AtRead More

US Bank Explores the Internet of Things [VIDEO]

by June 26, 2015 at 10:08 am 3 comments

US Bank, known for its innovation in mobile banking, is also looking into the Internet of Things for financial services. See what they’ve got in the works in this video, released yesterday.

2015 Innovators to Watch: 44 Executives Shaping the Future of Banking

2015 Innovators to Watch: 44 Executives Shaping the Future of Banking

by June 24, 2015 at 11:49 am 10 comments

The technology matters. The ideas matter. The business models matter. The use cases matter. The customer experience matters. The people of innovation matter most. Nothing gets done or innovated in banking without entrepreneurs, bankers, VCs, service providers who have the vision to see what cannot be seen today, to discernRead More

9 Things Your Innovation Team Should NOT Do

9 Things Your Innovation Team Should NOT Do

by June 22, 2015 at 11:01 am 2 comments

All right, Innovation Team, here’s your shiny new office, now go in there and innovate! (And don’t bother us.) Is that what your innovation team hears? If so, sorry. Phil Swisher, now working on his own wealth management startup, was global head of innovation Brown Brothers Harriman for nearly fiveRead More

Don’t Trust Your Future to Your Core Vendor

Don’t Trust Your Future to Your Core Vendor

by June 20, 2015 at 8:54 am 1 comment

Rather than wait for innovation to come from their core vendors, banks need to stake out their own vision for the future. It’s become too easy for small and medium-sized banks to depend on innovation coming from their core vendors. Most of these institutions have limited resources for developing theirRead More

‘FinTech 2.0′ Drops Disruption for Collaboration

‘FinTech 2.0′ Drops Disruption for Collaboration

by June 19, 2015 at 11:11 am 3 comments

The latest crop of Innotribe startups don’t talk about disrupting banks. They want to be built into banks’ software. Kevin Johnson, Innotribe Startup Challenge manager, said yesterday that while FinTech 1.0 was about disruption, FinTech 2.0 is about the C-word: collaboration. The fourth and final leg of Innotribe’s 2015 Startup ChallengeRead More