As fintech adoption grows, incumbents worry about adaptation
Upstart lenders, including startups that offer checkout loans, are rattling incumbents. According to a new study commissioned by Divido, a ...
Tag: Ernst & Young
Adoption of Chatbots on the Rise, But Where to Next?
Adoption of chatbots is on the rise. So are questions about how they can do more. Bank of America reported ...
U.S. FIs Pursue Open Banking Without Europe-style Regulatory Nudge
The U.S. is making a more organic shift toward open banking concepts than what is seen in Europe, where the ...
Doors Opening for Open Banking, But Are U.S. Banks Ready to Enter?
More banks are opening up to open banking and the idea of sharing data, at least abroad. Lloyds Banking Group ...
Disruption Is a Fact But Transformation Is a Choice, Wells Fargo Innovation Head Says
Innovation is not itself an outcome at Wells Fargo & Company, according to the bank’s head of innovation, Lisa Frazier. ...
Platforms Going Modular as Banks Seek Differentiation and Efficiency
A recent report from research company Forrester encourages banks to abandon the traditional “buy vs. build” approach to creating banking ...
How Digital Transformation Can Lead to Greater Revenues for FIs
There is a correlation between an FI’s revenues and its digital strategy. A new report from advisory firm EY suggests that ...
Almost $400M Worth of U.S. ICO Funds Are ‘Lost or Stolen,’ EY Report Says
While ICOs might be growing more popular as a way of raising capital, the investing method is struggling under its ...
Banks Need to Focus on Service and Simplicity
The biggest challenge ahead for banks is providing excellent service, a new study has found. Simplicity, advice and problem-solving are ...
