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 MoreWe had another bombshell this week: Lending Club acquired Boston-based Radius Bank for $185 million.
Read MoreFIS 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 MoreSpanish Bank BBVA is embarking on a partnership with the e-commerce giant Amazon.
Read MoreAs 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 MoreAnyone 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 MoreWe’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 MoreBanks are currently facing an even greater level of attack.
Read MoreThe rise of so-called “challenger banks” in the U.K. and Europe in recent years has revolutionized financial services in those areas. They’ve attracted millions of customers and forced traditional banks to embrace digital innovation in new ways.
Read MoreReal-time payments present an opportunity for banks to pursue small- and medium-sized businesses, before fintechs edge them out.
Read MoreWhen it comes to embracing digital, banks often don’t know where to begin. Legacy tech infrastructure makes it hard to quickly innovate on the fly, as start-up tech firms do.
Read MoreSure, you can bank from your phone, but just try to get cash out of the keypad.
Read MoreMany challenger banks — the small, newly created companies that want to compete with the “big guy” legacy institutions — have taken similar approaches when launching their services. The problem is what they’re offering isn’t enough for their companies to take root among consumers.
Read MorePostal banking, with minimal fees and easy access, is back on the Democratic agenda, but is it needed with fee-free mobile banking apps?
Read MoreAt this point, is anyone even shocked when another massive data breach gets reported in the news?
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.
