Bank Innovation | The Future of Fintech

Artificial Intelligence

Adoption of digital banking doubles at RBC

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BofA’s Bessant: Need to guard against bias in AI banking tools

626 Views

nbkc bank Taps Finastra to Build Conversational Banking App

474 Views

Adoption of digital banking doubles at RBC

The Royal Bank of Canada, Canada's largest bank, is seeing results from its $3.2 billion investment in digital transformation. In a second-quarter earnings call on Thursday, the bank reported that year-over-year digital adoption (desktop and mobile) increased 52 percent and 90-day active mobile users increased 17% from one year ago to 4.1 million, resulting in […]

196 Views

BofA’s Bessant: Need to guard against bias in AI banking tools

With the barrage of AI-based banking tools on the market, cultural- and gender-based algorithmic biases are top of mind for bankers. As AI and machine learning tools are increasingly deployed to anticipate customer behavior or assess creditworthiness, taking a step back and understanding how bias is introduced into the process is key. Speaking at SourceMedia's […]

626 Views

nbkc bank Taps Finastra to Build Conversational Banking App

Kansas City-based nbkc bank is building a conversational banking app with Finastra on the vendor’s growing FusionFabric.cloud open platform. The digital-savvy community bank, which uses Finastra's Phoenix core banking solution, wants to be at the forefront of new and evolving communication channels to ensure it can meet customers wherever and however they want to do […]

474 Views

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Fintech and Blockchain: Where Silicon Alley Meets Hyperconverged Infrastructure

The Non-QM Challenge & How Technology Can Help

The Best Online Banks Right Now

Fintech and Blockchain: Where Silicon Alley Meets Hyperconverged Infrastructure

You may not have heard of the term “Silicon Alley,” but I am sure you are aware of the game-changing financial technology that is emanating from it. “Silicon Alley” was initially coined in the mid-1990s as a way to group media startups housed around the Flatiron neighborhood of Manhattan. I hope that doesn’t give you […]

The Non-QM Challenge & How Technology Can Help

By all accounts, the non-qualified mortgage (non-QM) market is booming. In 2018 alone, $11.38 billion of expanding-credit MBS, including non-QMs, was issued, and analysts expect a 60% increase in these products in 2019. Despite this sudden rise in popularity, many mortgage professionals still have concerns about non-QMs, fearing increased risk after the mortgage market finally […]

The Best Online Banks Right Now

Keeping your money in a bank is common sense at this point, but online banking is – unfortunately – not something many people have grown accustomed to, yet. There are many benefits to explore in this area, and it’s not a bad idea to check out what some online banking services can do for you […]

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Why community banks are partnering with fintech startups

Rick Morgan
May 24, 2019
Exclusive, Experience & Design, Operations & Best Practices, Premium

As big banks try to win over customers with digital upgrades that resemble slick user interfaces from fintech startups, community banks are looking at...

Inside Wells Fargo’s global payments strategy

Jake Martin
May 24, 2019
Commerce & POS, Corporate Banking, Exclusive, Payments, Premium, Startups

Wells Fargo, through its partnership with cross-border B2B payments provider TransferMate, is showing its global payments ambitions. According to Judd...

Adoption of digital banking doubles at RBC

Suman Bhattacharyya
May 24, 2019
Artificial Intelligence, Exclusive, Experience & Design, Premium

The Royal Bank of Canada, Canada's largest bank, is seeing results from its $3.2 billion investment in digital transformation. In a second-quarter ear...

Last chance! Today is last day of BI’s Reader Survey

Jake Martin
May 24, 2019
Exclusive

Attention readers! Today, May 24, is the final day to make your voice heard and help shape the content of Bank Innovation. As valued stakeholders, we ...

BofA’s Bessant: Need to guard against bias in AI banking tools

Suman Bhattacharyya
May 23, 2019
Artificial Intelligence, Exclusive, Experience & Design, Premium, Retail Banking

With the barrage of AI-based banking tools on the market, cultural- and gender-based algorithmic biases are top of mind for bankers. As AI and machine...

Small biz lender BFS Capital hires CTO/CPO to head platform revamp

Jake Martin
May 23, 2019
Commerce & POS, Corporate Banking, Exclusive, Experience & Design, Lending, Premium

Small business lender BFS Capital has hired industry veteran Fred Kauber as chief technology officer and chief product officer. Kauber will be leading...

Payday advance app Earnin expands personal finance toolkit

Suman Bhattacharyya
May 23, 2019
Exclusive, Open Banking, Payments, Premium, Retail Banking

Payday advance app Earnin, which has been downloaded more than 11 million times according to Aptopia data, is on track to become a personal finance pl...

Scotiabank revamps mobile banking app

Rick Morgan
May 23, 2019
Exclusive, Experience & Design, Premium, Retail Banking

Scotiabank launched its new app on Tuesday morning with a simplified user experience that includes the ability to transfer money between accounts, man...

Fintech Revenue to More than Double by 2024

Rick Morgan
May 23, 2019
DataBank, Exclusive, Operations & Best Practices, Premium

A new study from Juniper Research expects fintech revenue will grow 59 percent over the next five years. The digital technology research and consultin...

Despite Growth, Questions Remain with Challenger Bank Numbers

Rick Morgan
May 22, 2019
Exclusive, Experience & Design, Open Banking, Operations & Best Practices, Premium, Retail Banking, Startups

With hefty injections of cash and ballooning customer numbers, challenger banks are gunning for a greater share of incumbent banks' customers. They're...

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