Innovation

When fintech takes on a greater purpose

Innovation in financial services sometimes overlooks the pressing needs of consumers who teeter on the edge of financial peril. Causes for trouble are many: staggering student loan debt, massive credit card balances and minuscule savings. Yet fintechs can make a major difference. To explain how, we'll chat with David Reiling, CEO of Sunrise Banks and author of Read More

By |2020-05-27T18:16:32-05:00August 20th, 2019|Comments Off on When fintech takes on a greater purpose

Change makers: The force behind banks that win

Amy Radin believes in the importance of innovation—but unlike many of today’s top pundits of the latest and greatest, she possesses a clear vision of how innovative concepts can be put into practice. And don’t expect to impress her with plenty of sizzle but little steak. An Innovation Circle judge for the 2019 BAI Global Innovation Awards, Read More

By |2020-05-27T17:58:09-05:00April 8th, 2019|Comments Off on Change makers: The force behind banks that win

Three digital transformation strategies that breed success

By and large, banks have mastered the delivery of basic digital services, with 81 percent of consumers using their banks’ channels in some form or other, according to Oracle’s New Digital Demand in Retail Banking survey. While customers report that they’re generally very satisfied with these basic services, their experiences with more complex banking services fall short. Read More

By |2020-10-29T11:35:36-05:00October 31st, 2018|Comments Off on Three digital transformation strategies that breed success

Innovation and the finalist destination

More than 1.7 billion people across the globe remain unbanked, according to the latest data from the World Bank’s Global Financial Inclusion database. And it’s a growing problem in countries such as Sri Lanka, where a large portion of the population is forced to operate in cash and outside of the financial system. “If you’re poor, earning Read More

By |2020-05-27T17:58:31-05:00August 24th, 2018|Comments Off on Innovation and the finalist destination

For consumers, piqued interest on rising deposit rates

Thus far in 2017, interest rates haven’t risen as quickly or high as many industry prognosticators anticipated. And with interest rates stagnant for so long, you couldn’t blame some bankers for consulting a ouija board as opposed to fearless Fed forecasts. But for those willing to stay more a practical course, signs point to steady movement, with Read More

By |2020-05-27T17:59:38-05:00September 13th, 2017|Comments Off on For consumers, piqued interest on rising deposit rates

Podcast: Banking innovation: More than just fintech

The BAI Global Innovation Awards program has fielded thousands of submissions over its seven-year history. It's given BAI president and CEO Debbie Bianucci insight as to what true banking innovation looks like. While fintech may be an innovation driver, it's far from the only one. On this podcast, Bianucci discusses the many facets of banking innovation, from Read More

By |2020-05-27T17:59:40-05:00August 4th, 2017|Comments Off on Podcast: Banking innovation: More than just fintech

A world series of innovations: The home runs global banks hit serving SMEs

As of November, BAI’s hometown could finally call itself home of the defending World Series champions, the Chicago Cubs. It took us 108 years to get there and to put that in perspective, the drought dated back to 1908, well before BAI’s founding in 1924. I’m a proud Chicago native and to say we’re still savoring our Read More

By |2020-05-27T17:59:42-05:00July 10th, 2017|Comments Off on A world series of innovations: The home runs global banks hit serving SMEs

Foster, connect, expect great things: The Innovation Engine’s heart and soul

Innovation comes from people meeting up in the hallways or calling each other at 10:30 at night with a new idea, or because they realized something that shoots holes in how we’ve been thinking about a problem —Steve Jobs   Looking at the macro landscape, it’s clear many traditional financial services organizations have answered a critical call Read More

By |2020-05-27T17:59:42-05:00June 28th, 2017|Comments Off on Foster, connect, expect great things: The Innovation Engine’s heart and soul

The long and winning road: From FinTech diligence to partner confidence

Financial services organizations are used to increased regulatory requirements for FinTech and other vendors—so accustomed, in fact, that the established due diligence review process to assesses a vendor’s capabilities now reads like a regulation laundry list. It includes, but is not limited to: Financial statement analysis Management review Risk management assessment Funding Insurance Internal and external audits Read More

By |2020-05-27T17:59:43-05:00June 8th, 2017|Comments Off on The long and winning road: From FinTech diligence to partner confidence

Time to ‘thing’ big: Building banking with the Internet of Things

On a recent BAI Banking Strategies podcast, Chris Skinner outlined the tremendous implications of billions of connected devices, and how that calls us today to innovate and expand our efforts to embrace a near future when channels and media boundaries will vanish. His reflections come at a time when industry leaders continue to hash out—and hotly debate—how Read More

By |2020-05-27T17:59:44-05:00June 6th, 2017|Comments Off on Time to ‘thing’ big: Building banking with the Internet of Things