It’s hard to keep up with the pace of technological progress in financial institutions these days– so many #customers simply don&8217;t. Despite all the efforts from major FIs, banking customers globally say they have #never #heard of technologies like #blockchain, #robo advisors, and even digital wallets. Blockchain, unsurprisingly, lead the pack, with almost 60% of […]
Bank Innovation
Now that #banks and #fintechs have learned to coexist, we see new players emerge (or older ones re-emerge), most with a new focus on partnering with FIs for the better. Keeping track of emerging players is the best way to stay up to date on the current market trends, and Bank Innovation is here to help. Here […]
Bank Innovation
Consumers are increasingly comfortable with automated investing, but that may not be such a good thing. According to a global study conducted by Accenture, seven out of ten consumers surveyed would “welcome” automation—or #robo-advisors—into their financial lives, including a high level of comfort, almost 80% (78%), with #robos in traditionalRead More
Bank Innovation
Roboadvisors are among the hottest trends in #fintech — or invest tech, if you prefer &8212; but a new proposed #ruling from the Department of Labor has raised questions, specifically: Are roboadvisors fiduciaries? #Robos, which provide personalized advice based on algorithms to clients without any need whatsoever for human interaction, seem toRead More
Bank Innovation
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