Banks Continue to Evolve their Fintech Development

A new survey, sponsored by Temenos and conducted by The Economist’s Intelligence Unit, of bank executives found 54 percent of North American banks plan to increase fintech investment for consumer technology; banks are split on how to accomplish this investment as about half believe they should create in-house accelerators and the other half believe acquisition of technology is the best way to go; open banking is also a big focus for bank executives as they see a trend in data sharing, especially with the European open banking directive driving and consumers supporting this movement; banks are finding that a mix of strategies ca work best as they try to innovate for their customers and compete against a growing ecosystem. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]