Customers of PNC, the Pittsburgh bank, are getting front-row seats on a fight breaking out in the rivalry between the banking and financial-technology industries.
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 MoreTemenos beefs up U.S. presence by acquiring digital fintech leader Kony.
Read MoreSure, you can bank from your phone, but just try to get cash out of the keypad.
Read MoreVirtually anything today can be purchased with the tap of a digital button on a smartphone. Groceries, pet food, toilet paper, stocks, cars and even therapy sessions are among the myriad items you can buy at the click of an app. Yet, how many financial institutions allow a consumer to apply for and receive, say, a small business loan entirely through digital means? The answer is very few.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
