innovation

Moving Past the Myths of Payments Innovation

All you need is a hot idea and some funding. All you have to do is listen to what consumers say they want. The big players have an inherent advantage. Meetings suck the creativity out of any worthwhile project. Those are some of the common myths of innovation, and they apply to the payments world.

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U.S. Treasury: Regulators Should Back Off FinTech, Allow Innovation

The Treasury Department recently released a report urging state and federal regulators to revamp outdated statutes and support technological innovations such as AI, machine learning and blockchain that could make the U.S. financial system more nimble and competitive.

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Payments’ Stranger Things

The payments world could very well be living in the Upside Down. The Upside Down is the fictional parallel universe controlled by a hive mind and humanoid predators called Demogorgons, made popular by the 2016 Netflix smash hit Stranger Things. The Upside Down looked sort of like the real world, but much spookier and a […]

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Enterprise Payments: The Next Frontier for Payments Innovation

Towards the end of 2017, we discussed the rise of the FinTechs and briefly alluded to payments as being a key area for further innovation. The payments ecosystem is an ever-evolving space froth with opportunity and plenty of buyers with deep pockets (see Paypal’s announcement a few weeks back).

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Real-Time Payments Tops Industry’s Technology Wish List, TD Bank Survey Finds

Technology continues to drive innovation in the commercial payments sector, according to a recent survey of finance and treasury professionals conducted by TD Bank, America’s Most Convenient Bank.

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How FIs’ Top Performers Scale and Monetize Innovation

Successful innovation is all about operationalization. The good news is that the path to operationalizing innovation looks remarkably similar for all financial institutions (FIs). Whether FIs are big or small, operationalizing innovation comes down to executing on the same four key tenets , starting with making innovation a mindset.

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6 Keys to Uber, Grab and Lyft’s Innovations in Payments

While mass transit has long been seen as a potential catalyst for changing payment habits, it’s apps such as Uber, Grab and Lyft that are making the biggest difference in how people pay for transportation. The ride-sharing companies are also rapidly adding partnerships with recognizable global brands and attracting hefty investments.

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Fintech Vendors Keep Reinventing Themselves, and Banks Struggle to Keep Up

Banks planning technology improvements should heed a warning about fintech vendors: Their industry is in a state of churn. There were 70 mergers and acquisitions among fintechs in the U.S., Canada and South America in the first quarter, and those deals were worth a combined 3.

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Will Customers Still Use Branches if They See a Great Digital Alternative?

Ask four different industry experts how satisfied bank customers are with their delivery options and you’ll likely get four completely different answers. Recent examples:The J.D.

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Fintech Highlights in 2018 and What to Expect Next

Once FinTech has become an emerging trend in the financial industry, things have changed completely in this department, various revolutionary financial mechanisms and solutions appearing on the regular.

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Data: Who’s Really Paying by Voice?

Though its still early in the development of voice assistant technology, researchers are getting a sense of whos most likely to use voice commands for shopping and payments, based on recent consumer data. Broadly speaking, the biggest enthusiasts so far are consumers who skew younger and male.

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Revolut Slashes Fraud With Disposable Virtual Cards

Digital banking startup Revolut is hailing its recent introduction of disposable virtual cards for online purchases, claiming a 30 reduction in card fraud cases. In March Revolut began letting customers create disposable virtual cards in seconds, with card details that automatically regenerate after every transaction.

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