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Why Banks Need Fintechs To Understand Their Customers

The banking and FinTech community now widely view data as the new frontier of finance.

The successful banks of tomorrow understand that the key to success lies in harnessing their massive amounts of customer data, and to successfully do this, they must collaborate with their agile counterparts: FinTechs.

 

 

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Topics: FinTech, Innovation, fintech innovation, fintech disruption

Author: Timothy J.Woods on Sep 17, 2018

Breaking the Banking Mold:  The Current State of Affairs.

 

The Banking Business Model, In Detail – Part I: Cross-Border Payments

Everything has already been invented. How many times have you heard this said? It’s true that since the start of the internet revolution, creating new business ideas seems to be less of a daunting prospect and a increasingly attainable option for all. As a result, it now seems especially difficult to create new added-value services.

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Topics: fintech disruption, payments, fintech innovation, banking, Innovation, FinTech

Author: Estefania Gual on Feb 23, 2018

What the iPhone X means for banking

On September 12th the new iPhone X was unveiled by Apple as ¨the future of banking¨. The most expensive Apple phone to date, with improved visuals and performance, it has kick-started the next generation of digital banking, and here at Strands we have discovered what we believe to be the 3 main ways it will shape our banking future.

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Topics: digital banking, online banking, Innovation, fintech innovation

Author: Gabriel Moreno on Oct 23, 2017

Why the Innovation Officer Will Drive Bank Success in 2017 and Beyond

The banking Chief Innovation Officer, has seen their role change in a very short space of time. It may even be argued that the modern demands of the innovation executive within banking are so different to what went before it, that it is a brand new role in all but name. This article looks at this evolution of innovation professionals in banking and why they hold the key to the future success of banks, what their future might look like, and the 6 key qualities they should have.

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Topics: FinTech, cio, chief innovation officer, Innovation

Author: Marc Torrens, Chief Innovation Officer on Feb 24, 2017

The State of the Banking Industry in 2016

There has never been a time of greater change in the banking industry. Customer demands are changing rapidly and banks are under huge pressure to adapt their services in line with these expectations.

In this special edition of FinTech Pulse, financial technology news leader bobsguide talks to Dr. Marc Torrens (CIO), Luis Rodriguez (VP Product Strategy) and Albert Morales (Product Manager) about the state of the banking industry today. 

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Topics: Disrupting Banking, FinTech, Digital Transformation, Innovation, Retail banking, FinTech Race, digital banking

Author: Nicole Harper, Content Manager on May 13, 2016

Mobile World Congress 2016: FinTech Highlights

The Mobile World Congress wrapped up this week, and it was an incredible event. MWC has always been the place where people go to learn more about the most innovative technologies, latest trends in mobile, and to debate key issues in the industry. In 2016, the congress continued to lead the discourse. It´s impossible to follow everything so we´ve handpicked the best payments related bits for you. 

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Topics: FinTech, Mobile, Innovation, Mobile World Congress, payments

Author: Vaida Pakulyte on Feb 26, 2016

Getting the most out of Java: Strands at JBCNConf

At Strands we are always seeking easier and more powerful ways to fulfill banking needs, which is why we constantly keep an eye on emerging tech trends.

Last month, Strands engineers attended JBCNConf, the first big Java convention in Barcelona. The conference was a fantastic opportunity for us to exchange knowledge with our peers in other sectors and learn about the newest tools and techniques that enable us get the most out of Java for big data analytics and machine learning.

Many exciting workshops took place over the two days. Some of the more interesting topics covered were:

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Topics: FinTech, API, Innovation, applications, software development, Java

Author: Adrián Pérez, Software Engineer on Jul 20, 2015

Banks and Sensitive Data

When I started working in FinTech, the first question I had was: "Do banks seriously give us all that data to analyze?" To be honest, I was mainly concerned about my own privacy instead of dreaming about the benefits I could get by giving some of my information to third parties.

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Topics: FinTech, API, Big Data, Data Privacy, Data Security, Innovation, Financial Regulation

Author: Pablo Reyes, Software Engineer on Jun 8, 2015

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