Business Insider's Oscar Williams-Grut writes about the rush to update core banking technology. Specifically, he tells the story of two former Google engineers who are spearheading a team that's building VaultOS — a replacement to the core banking operating system that has been around since the 1970s.
Jeffrey Pilcher, CEO of The Financial Brand, writes about Avidia Bank's success on social media. From creating a mascot of a pig to launching a dedicated social team, Avidia has established a reputation for innovation on this front.
Lessons Pokémon Go Can Teach the Banking Industry
Jim Marous, publisher of the Digital Banking Report, taps into this week's megatrend: Pokémon Go. At first glance, it might seem like Pokémon Go has nothing at all to do with banking, but Marous shows that it sets a precedent for augmented reality and gamification — both of which banks can use in their efforts to appeal to consumers. In addition, some banks have started to invite people into their branches to catch pokémon.
Santander Names Blythe Masters Senior Blockchain Advisor
In their efforts to integrate blockchain technology, Santander has named Blythe Masters as senior blockchain advisor. Masters is the CEO of Digital Asset Holdings, which helps banks improve compliance and settlement speed.
American Banker's Bryan Yurcan talked to the founder of AeroBank, which was an early (1999) attempt to launch an internet-only financial institution. AeroBank got off to a great start, with $7 million in funding. But conversations with regulators were messier than they anticipated. Read the story to learn what went wrong and what lessons the founder learned.