FinTech, flexibility and winning strategy

In the first part of this series,  we examined how banks can harness the flexibility and customer-centric technologies FinTech’s possess, while also leveraging existing competitive advantages in brand strength, existing market share and rich stores of data to fuel predictive analytics. In part two, we’ll examine how banks can best execute a sound FinTech strategy, and capitalize Read More

By |2020-05-27T17:59:45-05:00May 22nd, 2017|Comments Off on FinTech, flexibility and winning strategy

Podcast: Where payments meet people

On this episode of the BAI Banking Strategies podcast, we're joined by payments expert Patricia Hewitt. Patricia shares with us her thoughts about how digital-social ecosystems such as China's messaging app WeChat represent natural payments hubs - allowing financial services organizations to serve consumers where they already live, work and play. From the podcast: For more from Read More

By |2020-05-27T17:59:45-05:00May 19th, 2017|Comments Off on Podcast: Where payments meet people

A winning FinTech formula: Define, adopt and execute

This past winter, the Financial Services Roundtable arranged one of the best events in recent memory to address the broad topic of FinTech. Their FinTech Ideas Festival assembled an unparalleled group of executives from the largest financial services and technology companies—and, of course, representatives from a diverse group of FinTechs—to discuss and debate areas of technology expected Read More

By |2020-05-27T17:59:45-05:00May 18th, 2017|Comments Off on A winning FinTech formula: Define, adopt and execute

Three ways to challenge FinTech gains on consumer loans

“Banking is necessary; banks are not.” It’s been 22 years since Microsoft founder Bill Gates made waves with this controversial statement. And recent evidence suggests he may be right. While we still require banks to store, manage and distribute money, financial technology (FinTech) entrants are rapidly creating new business models to simplify functions such as loan requests—a Read More

By |2020-05-27T17:59:45-05:00May 3rd, 2017|Comments Off on Three ways to challenge FinTech gains on consumer loans

Podcast: The pillars of financial services innovation

On this episode of the  BAI Banking Strategies podcast, we're joined by Miranda Hill, director, innovation and commerce strategy at ThoughtWorks in Seattle. Miranda discusses the key attributes that make for successful fintech innovation, as well as what she hopes to see from nominees for the BAI Global Innovations Awards.   From the podcast: Miranda Hill is Read More

By |2020-05-27T17:59:46-05:00April 28th, 2017|Comments Off on Podcast: The pillars of financial services innovation

Podcast: Artificial intelligence and voice banking

On this episode of the BAI Banking Strategies podcast, we talk with Robb Gaynor, chief product officer at Malauzai Software in Austin, Texas. Robb outlines the current breakthroughs in AI. These include "conversational banking," where platforms such as Alexa and Google Home provide new levels of proactive assistance, and the Internet Bank of Things (IBOT), where devices Read More

By |2020-05-27T17:59:48-05:00March 10th, 2017|Comments Off on Podcast: Artificial intelligence and voice banking

Five characteristics to look for in your fintech partner

Fintech is hot, so the world tells us: VCs and private equity (PE) firms, large IT companies and a wide range of start-ups all agree. A cynic, however, would say that two worlds could hardly stand further apart: innovation vis-a-vis banks and insurance companies. A financial services organization by its very nature has a long-term view on Read More

By |2020-05-27T17:59:48-05:00March 9th, 2017|Comments Off on Five characteristics to look for in your fintech partner

Turning FinTech into WinTech: How smaller financial institutions can succeed with digital

Compelling digital offerings aren’t just a consumer expectation anymore. They are a necessity to stay competitive. But many financial institutions, especially smaller ones, are stuck in a holding pattern—with too many confusing options and choices to grasp a clear sense of how to move forward. What’s the best way to harness new digital technology to deliver the Read More

By |2020-05-27T17:59:49-05:00February 21st, 2017|Comments Off on Turning FinTech into WinTech: How smaller financial institutions can succeed with digital

Way to grow: How Senior Solution seized FinTech’s potential

How hot is Financial Technology? FinTech companies around the world impact all areas of financial services, a once highly regulated industry dominated by large banks. Industry observers such as Forbes—which in 2015 published its first “FinTech 50” list of innovative companies—predict we are entering a FinTech-led digital disruption phase that will challenge existing business models in retail Read More

By |2020-05-27T17:59:51-05:00December 20th, 2016|Comments Off on Way to grow: How Senior Solution seized FinTech’s potential

A core issue: Surgically replacing core banking platforms

The core banking system is the underlying system of record for credits and debits that maintains transactions, histories and balances. The core platform is both the map and the compass that link a bank’s operations, clients and correspondents together as they transact. When core banking systems were originally put in place, they were considered ideal for the Read More

By |2020-05-27T17:59:51-05:00December 19th, 2016|Comments Off on A core issue: Surgically replacing core banking platforms