Post Tagged with: "innovation"

Zelle Only Latest in Long Line of Innovation, BofA Says

Zelle Only Latest in Long Line of Innovation, BofA Says

by February 24, 2017 at 12:19 pm 0 comments

Zelle — dubbed the “Venmo killer” — made a quiet, white-labeled arrival on Bank of America’s mobile app this week. The bank integrated the gazelle of P2P payments (it’s funny because of its speed and its name—works on two levels) earlier this week. While all of the service’s numerous partner banksRead More

Here Is How to Build (And Maintain) Your Innovation Team

Here Is How to Build (And Maintain) Your Innovation Team

by February 22, 2017 at 11:51 am 0 comments

Innovation groups are a relatively recent, but an increasingly important, addition to traditional bank structures. FIs employ different approaches when forming those teams: some banks have full-time, devoted engineers and technologists, while others source their existing employee-base to bring in a mixture of expertise from different departments. Whatever the approach is,Read More

Wells Fargo Gets New Focus on Innovation, AI

Wells Fargo Gets New Focus on Innovation, AI

by February 10, 2017 at 12:31 pm 1 comment

What is the best application of AI for financial  institutions? Wells Fargo is set to find out. The bank announced the launch of a new team today, dubbed the Artificial Intelligence Enterprise Solutions group, which will focus its efforts on AI (as the name suggests). The group is part of an effortRead More

Looking at New Tech? Don’t Forget the Cost Analysis, Ally CIO Says

Looking at New Tech? Don’t Forget the Cost Analysis, Ally CIO Says

by February 10, 2017 at 12:20 pm 1 comment

Banks have been fairly active in tapping into new technologies recently, either through partnerships or with internal innovation groups. But with the rapid acceleration of the fintech space, how should banks decide if a new space or tech is worth pursuing? An old-school cost analysis will do, according to MichaelRead More

Wells Tech Will Move Faster, CEO Says

Wells Tech Will Move Faster, CEO Says

by December 7, 2016 at 4:24 pm 1 comment

Wells Fargo has had a rough several month.  While the bank is focused on “the hard work that’s necessary to restore trust in Wells Fargo,” it is not planning to slow down on new product launches, Tim Sloan, president and chief executive, said at the Goldman Sachs Financial Services ConferenceRead More

What’s the State of Banking Innovation in 2016?

What’s the State of Banking Innovation in 2016?

by September 30, 2016 at 12:50 pm 1 comment

What is the state of banking innovation today? Each year, we poll the industry to find out. Fintech funding has grown tougher to raise though total volume, because of a few monster deals, may exceed the previous year. Finovate this year pursued many themes that would have been familiar inRead More

Top 13 Predictions for the Future of Banking

Top 13 Predictions for the Future of Banking

by October 8, 2015 at 11:39 am 11 comments

We asked, you answered. In Bank Innovation’s State of Banking survey for the third quarter of 2015, conducted last week, we asked members of the financial services industry for their views on what banking might look like in 2020. 2020 isn’t as far away as it used to be (to paraphrase Yogi),Read More

As Financial Services Splinters, Banks and Fintech Require Standards More Than Ever

As Financial Services Splinters, Banks and Fintech Require Standards More Than Ever

by June 30, 2015 at 1:59 pm 0 comments

  The splintering of financial services is no longer something that might happen or will happen – this has happened, and seems to be fairly well accepted.  “There’s an app for that” can be said for almost every major (profitable) sliver of the financial services portfolio of business. I won’t inundate you with examples, but […]

What’s Next in Digital Finance?

What’s Next in Digital Finance?

by June 22, 2015 at 8:31 am 2 comments

We’ve been doing digital banking for a while now, right?  For over twenty years online banking has existed as a service, so what’s the big deal and why is this now “a thing”?  Well recent years have seen an explosion of new offerings and angles such that the term digital banking is no longer suitable […]

Why You Need To “Blow Up” Your Legacy BI Platform and How to Start Again With a Sustainable Layered Approach

Why You Need To “Blow Up” Your Legacy BI Platform and How to Start Again With a Sustainable Layered Approach

by May 15, 2015 at 5:44 pm 0 comments

              Data is important and the key to deriving information which can drive meaningful decisions.  Yet most organizations have a data stack that is sprawling, brittle, unwieldy, and when it comes to driving information for key decisions often not useful. Organizations that are dealing with such legacy systems might […]