Post Tagged with: "Bank Innovation"

The Fintech Threat Is Real

The Fintech Threat Is Real

by August 30, 2016 at 9:00 am 2 comments

It may come as a surprise to many of us that consumers are generally satisfied with their banking relationships. However, this doesn’t mean that banks have nothing to worry about. Alternative providers and FinTech companies present a double-edged risk to traditional banks. First, there is the eminent danger of aRead More

Fintech Accelerators Are Not Destined to Die

Fintech Accelerators Are Not Destined to Die

by February 4, 2016 at 10:35 am 0 comments

Long live the fintech accelerator. With all due respect to American Banker‘s BankThink portal and Forrester Research, the future could not be brighter for fintech accelerators, and I write that not just because Bank Innovation has launched an, er, fintech accelerator with Fiserv, U.S. Bank, and Cross River Bank. Last week,Read More

Silicon Valley Bank’s Dan Kimerling to Talk APIs at Bank Innovation

by January 28, 2016 at 10:45 am 0 comments

Dan Kimerling, head of research & development at Silicon Valley Bank, has joined the speaker faculty at Bank Innovation 2016. Kimerling co-founded Standard Treasury with Zac Townsend in 2013. Standard Treasury developed software to build an API-driven bank and was a leader in the space of fintech startups building software specifically for banks. Silicon Valley Bank acquired Standard Treasury in the summer of 2015.

API Initiatives at Banks Held Back by Bureaucracy, Survey Shows

API Initiatives at Banks Held Back by Bureaucracy, Survey Shows

by May 1, 2015 at 11:06 am 7 comments

APIs — application programming interfaces — allow banks to create ecosystems of innovative products and technologies. Sounds good — but what prevents banks from launching initiatives to open their APIs? According to new research from Bank Innovation and the Open Bank Project, the primary obstacle is corporate culture and bureaucracy. More thanRead More

It’s Too Late, Banking Is Already Being Disrupted

It’s Too Late, Banking Is Already Being Disrupted

by April 24, 2015 at 3:31 am 1 comment

Bankers may be taking undue solace in Chris Skinner’s April 10 American Banker BankThink post, “Like Airlines and Pharma, Banking’s Too Big to Disrupt.” I was party to the specific round of sparring he cites in his article over whether financial technology startups will overthrow the banking industry. And although I agree with many of Mr. Skinner’s […]

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Traditionalists vs. Trailblazers in Innovation

Traditionalists vs. Trailblazers in Innovation

by April 7, 2015 at 1:32 pm 0 comments

Late last year I was asked by my good friend Jim Marous of The Financial Brand to contribute to his crowdsourced list of 2015 Digital Banking Trends and Predictions. My prediction was that we would see an increase in the current trend of banks investing in innovation. More newly-minted Chief Innovation Officers, and more establishments of new […]

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5 Ways to Kill Your Innovation Initiative

5 Ways to Kill Your Innovation Initiative

by October 24, 2014 at 4:43 pm 2 comments

5 Ways to Kill Your Innovation Initiative   I often write and speak about the “Business Prevention Department” that lurks inside banks. Devoted to sniffing out and stamping out anything that looks “risky”, the Business Prevention Department is staffed with […]

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Sorry, but Disruptive Technology WILL Kill Banks

Sorry, but Disruptive Technology WILL Kill Banks

by October 4, 2014 at 7:26 pm 0 comments

Some of them, anyway. But you won’t read that on their tombstones. Allegedly, John Authers recently wrote an article in the Financial Times entitled “Disruptive technology will not kill banks“. I say allegedly because despite the article being cited and commented […]

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Recap of FinTech Week in New York

Recap of FinTech Week in New York

by September 30, 2014 at 7:09 pm 0 comments

Recap of FinTech Week in New York After spending two weeks meeting with bankers all across the Southeast United States on our Bank Innovators Road Show, all of that activity reached a crescendo with FinTech Week in New York last week. Monday September 22 Bank […]

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Innovation Versus Efficiency

Innovation Versus Efficiency

by August 15, 2014 at 8:03 am 0 comments

While banks are on a quest to improve efficiency ratios, I’ve noticed a recent increase in the use of the word “innovation” in more and more bank job descriptions and even in bank job titles.