If there is one way to describe Umpqua Bank’s innovation plans it would be “#digital human,” according to the bank’s new CEO, Cort O’Haver. Digital human, as O’Haver explained, is the marriage of digital innovation with the physical retail banking experience. (Coincidentally, it’s also the title of a Chris Skinner book.) O’Haver is not talking […]
Bank Innovation
PREMIUM – #CINCINNATI — This city might seem like an unlikely place for #fintech innovation, but it has the ingredients to be just the right breeding ground for financial #technology improvement. At least that’s according to #Fifth #Third #Bank, one of the nation’s 25 largest financial institutions, that is headquartered here. Amber Steedle, Fifth Third’s senior […]
Bank Innovation
The Department of Housing and Urban Development’s #investigation #into #data usage at #Facebook related to housing and financial services advertising #appears to #continue, despite signs that it had been halted earlier this year. That according to new documents released yesterday by Congress that contain written responses from the social media company on its data and privacy […]
Bank Innovation
Preparing for #realtime #payments has pushed U.S. #banks to engage with APIs and #open #banking at a fundamental level. Look no further than core service providers such as Fiserv or Finastra, which are providing banks with API-driven platforms to integrate #into a realtime infrastructure. The use of these APIs has deeper implications for the U.S. […]
Bank Innovation
EXCLUSIVE – #Mastercard has teamed up with cloud-based payment processor Dream #Payments to provide #Canadian #insurance group FairFax Financial digital disbursements capabilities. The offering is a first of its kind in the Canadian insurance market and speaks to Mastercard’s larger strategy of digitalizing payments that are traditionally not digital, like check payments, Zahir Khoja, senior …Read More
Bank Innovation
EXCLUSIVE — With government-backed initiatives and a finite business of copper export, Nathan Lustig, co-founder and managing partner at #Magma #Partners, saw huge potential in the #Chilean #fintech #market. Lustig points out that only 30% of Chileans have credit cards, while only 50% have bank accounts, “and that’s the more advanced population,” he said. Additionally, […]
Bank Innovation
EXCLUSIVE— With #bitcoin’s #price over $ 15,000, and continuing to #rise, it seems as though the #currency has finally hit its #mainstream moment. The currency’s price has more than doubled since the beginning of the year, and much of that spike has occurred just within the past couple of weeks. It has not gone unnoticed by […]
Bank Innovation
#Blockchain pros at a Ripple conference in Toronto said the #technology had moved ahead once it was detached from #bitcoin.
Financial Technology
#Banks should find some appropriate, low-risk project and deploy #blockchain, perhaps in parallel with existing operations, say IBM and CLS. They can’d continue proofs of concept indefinitely if they want the benefits blockchain offers.
Financial Technology
#Change is coming–financial services firms are making sure of it. The majority of FIs will be #accelerating investments #into ‘change,’ according to a survey released last week by Accenture. The top two areas FIs will be targeting are cost control/efficiency, better customer service, and of course, new #digital technologies. About 40% of FIs are currently […]
Bank Innovation
Reply