nCino to go public despite incurring losses “for the foreseeable future”

nCino to go public despite incurring losses “for the foreseeable future”

Cloud-based bank operating system nCino, filed to go public on Monday and is seeking to raise $100 million, despite no indication of when it plans to be profitable.

Read More

Crowdsourcing to Achieve Innovation in Banking

Crowdsourcing to Achieve Innovation in Banking

U.S. Bank has been at innovation for 10 years and has seven teams working on it. Stephanie Hammes-Betti heads up one of those groups, Innovation Design. She describes her work as the front end of innovation, looking for new ideas to bring to the bank to evaluate.

Read More

Slow-and-Steady Might Be Paying off for Banks

Slow-and-Steady Might Be Paying off for Banks

Are banks the tortoise in this financial-crisis-to-coronavirus-era race?

Read More

Bank App Customers Worry About Self-Inflicted ‘Fat Finger Error’

Bank App Customers Worry About Self-Inflicted ‘Fat Finger Error’

What are the safeguards when Susie is standing in her kitchen attempting to transfer money between accounts using her bank’s mobile app?

Read More

Citizens Bank Taps Employees and Fintechs in Its Drive for Innovation

Citizens Bank Taps Employees and Fintechs in Its Drive for Innovation

From an internal competition for innovative solutions to being a founding member of MassChallenge Fintech, Citizens Bank is looking to embrace change. Lamont Young, Executive Vice President and Head of Digital and Experience Design, shares how the bank looks for ways to improve the customer experience, reduce costs, and make paper processes digital.

Read More

Eastern Bank Shows It’s Not a Newbie in Fintech Innovation

Eastern Bank Shows It’s Not a Newbie in Fintech Innovation

While it may be more than 200 years old, Eastern Bank is not a newcomer to innovation. Chair and CEO Bob Rivers and head of Eastern Labs Ashley Nagle Eknaian discuss its innovation labs — the first spun off an award-winning small business lending program, and the second lab combines internal innovation with partnerships in a portfolio approach to new developments.

Read More

More Bank/Fintech Fireworks

More Bank/Fintech Fireworks

We had another bombshell this week: Lending Club acquired Boston-based Radius Bank for $185 million.

Read More

FIS Launches New Banking Platform to Improve Customer Experience

FIS Launches New Banking Platform to Improve Customer Experience

FIS Modern Banking Platform is a big step away from legacy acquisitions and piecemeal add-ons that have so often frustrated bankers who deal with the Big Three core banking providers in the U.S. Bruce Lowthers, President, Banking Solutions, talks with us about the fast pace of change in banking and the challenges for tech providers.

Read More

BBVA Engages in a Partnership with Amazon

BBVA Engages in a Partnership with Amazon

Spanish Bank BBVA is embarking on a partnership with the e-commerce giant Amazon.

Read More

Our Fragmented Banking Lives

Our Fragmented Banking Lives

As we enter a new decade, it is an opportune time to look back on how the fintech landscape has evolved over the past ten years and how it has affected banking.

Read More

Would You Want a Bank to Remote into Your Computer?

Would You Want a Bank to Remote into Your Computer?

Anyone who has ever worked from home, or for a company with multiple locations, has likely experienced the scenario of giving someone remote access to their computer. One bank is offering customers a similar experience if they’re having trouble with online banking.

Read More

Banks’ Digital Transformation Marches On...

Banks’ Digital Transformation Marches On...

We’re about a decade into the so-called “digital transformation” in the banking industry. And while we have seen some areas of digital innovation, many things still remain the same.

Read More